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CIMB Platinum BusinessCard

No Type of charges Charges
1 Annual Fee Waived
2 Finance Charge for Retail Transaction

The charges are:
 

a. 1.25% per month or 15% per annum if you have promptly settled your minimum payment due for 12 consecutive months
 

b. 1.42% per month or 17% per annum if you have promptly settled your minimum payment due for at least 10 months in a 12-month cycle.
 

c. 1.50% per month of 18% per annum if your payment record is not within either (a) or (b) above.

3 Finance Charge for Cash Transaction 1.5% per month or 18% per annum calculated on daily rest basis from transaction date to the date it is settled in full.
4 Cash Advance Fee The cash advance fee is 5% of the amount advanced or a minimum of RM 15.00, whichever is higher. This is imposed for each cash advance transaction.
5 Minimum Monthly Repayment

5% of Current Balance * + 100% Service Tax and any other value added taxes imposed (if any) + 100% of all monthly instalment due for any programmes/arrangements operated by the Bank (if any) + any unpaid minimum payment specified in the preceding month's statement ; or RM50.00, whichever is higher.
 

* Current Balance = retail transactions amount (if any) + cash advance amount (if any) + finance charges and/or late payment charges and any other applicable fees and charges (if any).

6 Late Payment Charge 1% on the unpaid balance arising from retail transactions and cash advance, subject to a minimum of RM10.00 and a maximum of RM100.00 and will only be imposed if the minimum payment due is not paid by the due date.
7 Finance Charges Free Period

Full payment on previous statement balance:
 

- Enjoy a finance charges free period of 20 days for all new retail transactions from statement date.
 

Partial or minimum payment on previous statement balance:
 

- No finance charges free period.
 

- A finance charge will be levied on your unpaid outstanding balance (except for balances related to finance charges and late charges that were carried forward from the previous statement) and all new transactions from the date the transactions are posted.

8 Service Tax RM25.00 per card
9 Paper Statement Fee RM1.00 per statement per credit card
10 Conversion for Overseas Transaction

The conversion rate as determined by Mastercard International plus an administrative cost of 1% plus any transaction fee charged by Mastercard International.
 

Dynamic Currency Conversion (DCC) is a service offered by certain overseas merchants to provide a choice to pay in Ringgit Malaysia (including online purchases) for oversea purchase.

11 Replacement Card 1st time – RM10.00 per card
Subsequent – RM50.00 per card
12 Sales Draft Retrieval Fee RM14.15 per copy
13 Additional Statement Request Fee RM5.00 per monthly statement