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Important Notice:

Revision to the CIMB Member Rewards Terms and Conditions effective 30 July 2020

 

8 July 2020

 

Dear Valued Cardholders,

 

We hereby give 21 days’ notice that the CIMB Member Rewards Terms and Conditions (“Terms and Conditions”) have been amended, which shall take effect on 30 July 2020.

 

Please click here for the revised Terms and Conditions.  For ease of reference, we set out a tabulation of the revised clauses as follows:

 

 

Clause Existing Clause Revised Clause



1.25

“Normal Day” refers to any day that is not a Special Day or a Strategic Partner Special Day.

Removed and replace with:

“Acquiring Bank” refers to a bank or financial institution that processes credit or debit card payments on behalf of a merchant.



1.26

“Special Day” means the 10th of every month, e.g. 10th May, 10th June, etc.

Move to 1.29 and replace with:

“Point of Sales terminal” or “POS terminal” refers to a device that is used to process payment by merchants at any retail locations.



1.27

“Strategic Partner Special Day” refers to Special Days for selected Merchants only.

Move to 1.30 and replace with:

“POS entry mode” is a two-digit code assigned to a merchant by Acquiring Bank when the merchant accepts a card as a form of payment. The code classifies type of transaction provided by the merchant.



1.28

NIL

“Merchant Category Code (MCC)” is a four-digit code assigned to a Merchant by Acquiring Bank when the merchant accepts a card as a form of payment. The code classifies type of goods or services provided by the Merchant.



1.29

NIL

“eDay” means the 10th of every month, e.g. 10th May, 10th June, etc.



1.30

NIL

“Featured Partners” refers to selected Merchants participating in eDay.



1.31

NIL

“Online transaction” means a transaction made via the internet where the Merchant is an e-commerce/online/internet merchant based on POS entry mode of 01(Visa) or 81 (Mastercard), including but not limited to Card-On-File transaction (POS entry mode 10).



1.32

NIL

“Card-On-File transaction” means a transaction whereby a Cardholder authorizes a merchant to store the Cardholder’s card details and authorizes the same merchant to charge the Cardholder’s card account.



1.33

NIL

“Auto billing transaction” means a payment facility that automatically charges the Cardholder’s bill payment(s) such as but not limited to utility(ies) and/or insurance/takaful to the Cardholder’s card as and when the payment(s) is due. Auto billing transaction is tagged with recurring payment indicator assigned to a merchant by Acquiring Bank.



1.34

NIL

“Contactless transaction” means a transaction whereby a Cardholder pay for goods and services by tapping or waving the card at contactless readers / POS terminals based on POS entry mode 07. 



1.35

NIL

“Merchant description” is a name or description assigned by the Acquiring Bank to differentiate merchants.

SCHEDULE



Section 1 (B)

1.2 a

RM1.00 spent on online transactions; e-wallet top up/reload for selected e-wallet merchants such as GrabPay, Touch’n Go eWallet, Boost, BigPay and Setel; and recurring payment transactions charged to the Credit Cardholder’s credit card (e Credit Card) and reflected on the statement will earn five (5) bonus points on Normal Day; ten (10) bonus points on Special Day; twelve (12) bonus points for Strategic Partner Special Day ;

RM1.00 spent on online transactions (POS entry mode 01 and 10), e-wallet top up/reload (under MCC 4814, 4784, 4789, 5541, 5542, 5968, 6012, 6540, 7372) for selected e-wallet merchants i.e. GrabPay (Merchant description ‘GRABPAY’), Touch’n Go eWallet (Merchant description ‘TNG WALLET’), Boost (Merchant description ‘BOOST’), BigPay (Merchant description ‘BIGPAY’) and Setel (Merchant description ‘SETEL’) ; and auto billing transactions charged to the Credit Cardholder’s credit card (e Credit Card) and reflected on the statement will earn five (5) bonus points everyday (except eDay), ten (10) bonus points on eDay; twelve (12) bonus points for Featured Partners;

SCHEDULE



Section 1 (B)

1.2 b

RM1.00 spent on contactless transactions charged to the Credit Cardholder’s credit card (e Credit Card) and reflected on the statement will earn one (1) bonus point on Normal Day; ten (10) bonus points on Special Day; twelve (12) bonus points for Strategic Partner Special Day; and

RM1.00 spent on contactless transactions (POS entry mode 07) charged to the Credit Cardholder’s credit card (e Credit Card) and reflected on the statement will earn one (1) bonus point everyday (except eDay); ten (10) bonus points on eDay; twelve (12) bonus points for Featured Partners; and

SCHEDULE



Section 1 (B)

1.2 d

For the avoidance of doubt, the following transactions are expressly excluded and shall not be treated as eligible retail spending transactions for the purposes of earning bonus points under e Credit Card:

1) Airline spend under MCC 3000 – 3350 and 4511.

2) Insurance transactions under MCC 5960, 6300.

3) Any spend made in the country which is a member of the European Economic Community (EEC) or European Union (EU) including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta,  Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein and Norway.

For the avoidance of doubt, the following transactions are expressly excluded and shall not be treated as eligible retail spending transactions for the purposes of earning bonus points under e Credit Card:

1) Airline spend under MCC 3000 – 3350 and 4511.

2) Insurance transactions under MCC 5960, 6300.

3) Any spend made in the United Kingdom, or in the country which is a member of the European Economic Community (EEC) or European Union (EU) including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta,  Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein and Norway.

SCHEDULE



Section 1 (B)

1

These rates may be varied by CIMB by giving the Cardholders twenty-one (21) calendar days’ prior notice.

These bonus point rates may be varied by CIMB by giving the Cardholders twenty-one (21) calendar days’ prior notice.

SCHEDULE



Section 1 (B)

5 (g)

Recurring payment transactions (not applicable to Strategic Card Alliance Programme and e Credit Card);

Auto billing transactions (not applicable to Strategic Card Alliance Programme and e Credit Card);

SCHEDULE



Section 1 (B)

8

NIL

The classification of MCC, POS entry mode, recurring payment indicator for auto billing transaction, merchant description are provided by respective merchant’s Acquiring Bank. CIMB will not be responsible for any incorrect classification or changes in all the above that may result in differences in the bonus point earned from any of the eligible transactions. The Cardholder shall not make any claim for compensation against CIMB for this matter.

 

 

Thank you.