New CIMB Lite-i credit card to offer lower financing cost at 14% and no annual fee

KUALA LUMPUR, Oct 7 (Bernama) -- CIMB Islamic Bank Berhad ("CIMB" or "the Bank") today launched its CIMB Litei Credit Card ("Card"), a no-frills, credit card designed for Malaysians seeking a practical credit facility with lower financing costs and flexible repayment solutions.

CIMB offers one of the most affordable credit card propositions in the market, featuring a fixed and non-compounding profit rate of 14% per annum across all customer tiers, lower compared to prevailing industry rates. The Card is tailored for customers who prioritise affordability and access to responsible credit over rewards and lifestyle privileges, making it an ideal solution for managing everyday expenses and short-term cash flow needs.