CIMB Vietnam has officially introduced the issuance of its CIMB-Finhay credit card on the Finhay app through digital onboarding without the need for any documentations.
The launch opens up opportunities for many Vietnamese people to own credit cards, popularising financial management skills on one platform.
The world is changing. Your bank should too. That’s why together with Finhay, CIMB has designed the co-branded Revi Credit differently “Transparent. Smart. Instant.”
Partnering with Visa, the card boasts rewards, zero annual fees, a low-interest rate range, “intelligent” features as well as has a beautiful design.
An Exceptional Digital Experience
Credit cards are essential especially for people in developed countries because they are both easy to use and manage as well as offer users the advantage of cash advances.
However, in Vietnam, many people still do not have a credit card due to barriers from complicated procedures, regulations and number of required documents as well as unattractive limits with high fees.
While not every credit card in the market is available to applicants right away, CIMB understands how frustrating it can be for potential customers to wait, hence the process for obtaining such credit cards were made seamless, quick and secure with digital onboarding on the Finhay platform.
Applying for credit cards can be tiring with lots of documents to submit. But the world is changing as the CIMB processes have been redesigned to give customers a seamless experience, simplifying the documentation requirements.
Customers can now sign digitally and get their credit cards instantly without any paperwork.
Additionally, customers over 20 years old can own a CIMB – Finhay Revi credit card via the Finhay app (available on both iOS and Android platforms) without going to bank branches or waiting 5-7 days for verifications.
It only takes 5-6 minutes for customers to complete the application and the appraisals are done 100% online. With biometric authentication technology combined with digital onboarding, CIMB can approve a line of credit of VND 5-100 million (US$218 – US$4,350) instantly.
The above amounts can come in handy for customers to pay for their essential expenses including their daily living demands, online shopping, or emergencies.
CIMB’s instant credit line granted to customers matches Vietnam’s forecasted GDP per capita of around US$2,870 per person. This shows that the credit score given to Vietnamese customers is increasing day by day.
Your CIMB – Finhay Visa Revi Credit Card – simple, fast and reliable
In these times of global uncertainty, people are trying to spend more time indoors and adjust their lifestyles to the new reality. And of course, as people adapt, it’s also essential to be able to access and manage money as they normally would.
Most credit card approval processes take days, sometimes weeks – and can only be used when the physical card arrives.
CIMB – Finhay customers can now access the virtual card on their Finhay app right away and use their new card to make payments before their physical card even arrives.
Even if there’s a slight disruption in getting your Revi Card in the next 5-7 days, you can continue to use your virtual card for payments as usual.
If customers lose their cards, they can lock it and order a replacement and still be able to pay while waiting for a new physical to be delivered, thanks to CIMB’s virtual card number.
If you, instead, suspect your virtual card number was stolen by a hacker, you can also quickly reset it. This feature is available under ‘Card Settings’ in your Finhay app.
CIMB has made it easily accessible so customers can always check their accounts wherever they are and at any time.
Spend and earn some extra cash
Credit cards with instant approvals are particularly enticing if you have any purchases planned and you want to ensure that you can get your hands on a credit card with rewards in time.
Nobody would want to pass up on the opportunity to earn cashback or rewards points on their spending given a choice. With CIMB – Finhay Revi Credit, customers will receive cashback on all eligible transactions.
Cashbacks are calculated instantly and will be credited daily to customers’ Finhay Unfixed Savings Account to help them further earn daily interests. It is simple and easy to earn more money, because when you earn more, you save and invest more.
CIMB Vietnam has officially entered the fiercely competitive credit card market.
Moreover, they have officially started a new battle on how to approach and provide customers with new experiences.
Thomson Fam Siew Kat, CEO of CIMB Vietnam
Thomson Fam Siew Kat, CEO of CIMB Vietnam said,
“The new CIMB x Finhay: Revi Credit Card answers what our customers have been asking for in terms of credit flexibility. By giving them instant decisions and allowing no documents process, we are giving them the financial freedom they deserve. Your digital Revi Credit Card is easy to use, safe and reliable, so you can go ahead and spend your money with confidence. We keep our rates low, our fees transparent and our terms fair. We love a great experience, just like you do.”
