CBD VIP Visa Signature Credit Card

CBD VIP Visa Signature Credit Card empowers the user with spending power and various exclusive privileges such as free access to Airport Lounges in the Middle East and complimentary insurances. CBD Card lets its users avail cashback for every Dirham they spend. It also allows the cardholders to avail special discounts at 500+ places in the UAE including Airport Meet and Greet.

Features and Benefits of the CBD VIP Visa Signature Credit Card

Here’s a list of all benefits and features offered by this CBD Credit Card:

VISA Signature Benefits

The cardholder has the option to enjoy all VISA Signature benefits.

Contactless Payments

This NFC enabled card allows the cardholders to make fast, simple and secured payments.

Easy Payment Plans

The card allows its users to breathe easy while making big purchases. With this card, the cardholders can convert their repayments into flexible 0% EPP instalments and enjoy the interest-free shopping for a pre-defined period.

Balance Transfer

This credit card offers the advantage of easy balance transfers. The cardholders can easily transfer a high-interest debt from this credit card to another card with a lower interest rate and vice versa.

Complimentary Insurances and Extended Warranty

Using this card, the customer can avail an option of extended warranty. The individual can double the repair period offered by the original manufacturer of the product. The warranty can be extended maximum of up to one year.

The cardholders can also get their purchases insured against thefts and accidental damages.      

Rewards and Offers on CBD VIP Visa Signature Credit Card

Here’s a list of the top rewards and offers that can be enjoyed by the users of this credit card:

Cashback

The cardholders can avail a total monthly cashback of AED 500 at various stores including:

  • Airbnb
  • com
  • Noon
  • Amazon
  • iTunes
  • Uber
  • Careem
  • Zomato
  • Talabat
  • Deliveroo
  • Netflix
  • Prime Video
  • Spotify
  • VOX Cinemas
  • Reel Cinemas
  • Roxy Cinemas
  • Starbucks
  • Caribou Coffee
  • Tim Hortons
  • Costa
  • Class Pass
  • Fitness First

They simply have to use their card at these places to receive the full amount back up to AED 500.

Valet Parking Facility

With this credit card, the users can enjoy 2 free Standard valet parking services, through Valtrans, at some selected locations on a minimum spend of AED 5,000 in a calendar month.

Discounts

This credit card offers some special discounts to its users. They can avail discounts at over 500+ places in the UAE through CBD app. Apart from this, they can also enjoy 8% off at hotels.com, 12% off at Agoda and 30% off on Airport Meet and Greet.

Eligibility Criteria, Documents Required and Fees & Charges on CBD VIP Visa Signature Credit Card

Eligibility Criteria

To get CBD VIP Visa Signature Credit Card an individual should:

  1. be a resident of UAE
  2. be of 21+ years
  3. earn a minimum salary of AED 8,000

Documents Required:

Both salaried individuals as well as self-employed can apply for CBD VIP Visa Signature Credit Card. The documents required are:

  1. National ID or valid passport, residence visa and Emirates ID
  2. Salary Certificate (in case of a salaried individual)
  3. Valid trade licence (in case of self-employed)

Note: Additional documents may be needed as per the discretion of the ‘Commercial Bank of Dubai’.

Fees and Charges:

Mentioned below are the various fees and charges applicable to this Visa Signature Credit Card.

Fees Amount

Monthly Membership Fees

AED 99

Retail Interest

3.45 %

Late Payment Charge

AED 209

Over-Limit Charge

AED 209

Foreign Transaction Fee

2.75 %

(Updated as on December 16, 2019)

Frequently Asked Questions

Q.1. Does CBD VIP Visa Signature Credit Card allow its customers to avail free access to airport lounges?

Ans: Yes, VIP Visa Signature Credit Cardholders can enjoy 8 free accesses to airport lounges.

Q.2. What happens if the expenses on my card go over the credit limit?

Ans: If the expenses on your card account go beyond your pre-decided credit limit, an over-limit fee will be charged (that is AED 209). This fee is billed one time in your billing cycle.

Q.3. Is there any minimum spend limit associated with the card? If yes, what happens if I fail to reach the limit?

Ans: Yes, the minimum spend limit associated with this VIP Visa Signature Card is AED 15,000. Apart from this, to waive off the monthly fee of the card, you must spend at least AED 22,000 in a month.

In case you fail to reach the min. spend limit of AED 15,000, the bank will automatically adjust your benefits to another plan matching your spend.

Q.4. What happens if I fail to pay the billed amount by the due date?

Ans: In case you fail to pay the billed amount on or before the due date, a late fee fine along with the finance charges will be charged. This will also impact your Credit Score. Therefore, it is advised that if not the entire outstanding balance, you must at least make the minimum payment.

Q.5. What happens if a cardholder fails to maintain the minimum Retail spend condition for a calendar month in which the benefit of valet parking was availed?

Ans: If a cardholder fails to maintain the minimum Retail spend criteria for a calendar month in which the benefit of valet parking was availed the next statement of the credit card will include the charges of the benefit.

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