Part 2: Tips For First-Time Credit Cardholders Like You

Your credit card is the entry-level tool to building a credit record, which helps you with future loans or credit applications. Banks check your credit history before approving loans or new cards.

Check the minimum income requirements before applying. We have listed the monthly salary amounts for ease of reference, along with their equivalent annual income:

• CIMB Travel Platinum Credit Card ~ RM2,000/month (RM24,000 per annum)
• CIMB Cash Rebate Platinum Credit Card ~ RM2,000/month (RM24,000 per annum)
• CIMB Visa Signature Credit Card ~ RM3,000/month (RM36,000 per annum)

There’s a lot of talk about credit cards — some true, some not. Let’s clear up the most common myths so you can make confident choices.

Using your credit card wisely is key to building good credit and avoiding debt. Follow these tips to stay on track.

Here's a quick checklist to help you out:

✅ Choose a card with low fees and good rewards
✅ Check income requirements or consider secured cards if needed
✅ Use card only for planned spends
✅ Always pay your full balance on time
✅ Set up transaction alerts on your phone
✅ Freeze card if lost or stolen
✅ Monitor statements regularly
✅ Read card terms & conditions before applying

Looking for credit cards that fit your lifestyle and budget? Here are two great CIMB options designed for first-time users.

Now that you’ve got these tips and card options, you’re ready to start your credit journey on the right foot. Remember, responsible use and regular monitoring will help you build a healthy credit profile and unlock future financial opportunities.

^{^}Cardholders will receive 1X lounge access per quarter with minimum quarterly spend of RM3,000. Capped at 4X lounge access per annum. Complimentary entry to children below 2 years old. For full terms & conditions, click here.