Another Credit Card Review by GenX @ http://www.GenXGenYGenZ.com

Update April 2016 for CIMB Enrich World MasterCard – You can now earn UNLIMITED Enrich Miles, i.e. no more annual cap BUT CIMB then downgraded/penalized you where you will now only earn 1 Enrich Mile for every RM1.50 spent overseas versus previous 1 EM = RM1 spent overseas.

Below is the CIMB letter sent to me by one of my iFriends (i.e.readers) who forwarded it to me via Facebook Message for your benefit/info.

Update April 2016 for CIMB Enrich Elite World MasterCard – You can now also earn UNLIMITED Enrich Miles, i.e. no more 150K Enrich Miles annual cap BUT here is the bombshell – once you earned 150K Enrich Miles with the CIMB Enrich Elite WMC, you will only earn 1 Enrich Mile for every RM4.00 spent overseas or localally!!! I tell you, this CIMB Elite is targeted at big spenders, and if they are really smart, they will know that the card to go with is the fabulous Maybank 2 Cards Premier (as of date), haha.

INTRODUCTION

Back in 2012 when I published my article titled Premier Credit Cards – Privilege and Exclusive Credit Cards, I bestowed RHB Visa Infinite and CIMB Enrich World MasterCard the title of the most Prestigious Credit Cards in Malaysia. Back then, both these cards were by invitation only. In order to qualify for the RHB Visa Infinite, you had to have a net worth of minimum USD1M. And as for the CIMB World MasterCard, the annual fee was RM888 and in order to qualify for auto annual fee waiver, you had to spend RM500K with it. Well, that’s all history now.

Today, in order to qualify for the RHB Visa Infinite, you only need to have an annual income of RM150,000 and the CIMB Enrich World MasterCard is even less at RM100K. Therefore, with immediate effect, I shall revoke the title of the most Prestigious Credit Card in Malaysia bestowed onto both of these said cards. If you really must know which credit cards is the best for Bragging Rights Only in 2015 – click here and read my review of the OCBC Premier Voyage MasterCard made from Duralumin.

Effective 28th August 2015, CIMB revised the standard feature of their Enrich World MasterCard where they reduced the Principal Card’s annual fee to RM588 (reduction of RM300); and best of all, you can now earn 1 Enrich Mile for every Ringgit spent overseas (previously 1 EM for every RM2 spent overseas)!

CIMB Enrich World MasterCard’s 1 Enrich Miles for every RM1 spent overseas is really really good and is very competitive versus Maybank Visa Infinite’s 1 Enrich Miles for every RM0.954 spent overseas (including 6% GST which Maybank imposes on us!!!).

REVIEW AND BENEFITS OF CIMB ENRICH WORLD MASTERCARD

The main pros and benefits highlighted by CIMB for their Enrich World MasterCard are as follows:

• 1 Enrich Mile for every RM1 spent overseas.
• 1 Enrich Mile for every RM3 spent locally.
• 8X FREE access to Golden Lounge.
• Free green fees at golf clubs in Malaysia, Indonesia, Singapore and Thailand.

WOW! 8X FREE access to Malaysia Airlines Berhad’s Golden Lounge plus 1 EM for every RM1 spent overseas! Freaking good right? Well, after you finish reading this article, many of you would most probably take a miss on the CIMB World MasterCard; and, deep inside your heart thanking God that you have me here on earth where I would stupidly waste my time writing this article for your benefit and happily chain smoking while drafting this article thus ensuring myself of an early exit to the helluva hot and happening underworld, hahahaha.

So, before you head to CIMB to sign up for the CIMB Enrich World MasterCard, read this article in full 🙂

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