Invest Round-up

Banks, insurers target young adults, savers and drivers

CIMB introduced a new credit card that is targeted at young adults and those in their first jobs.
CIMB introduced a new credit card that is targeted at young adults and those in their first jobs. PHOTO: ST FILE

The Sunday Times highlights a new credit card, two banking products and two insurance plans

Named AWSM, an abbreviation for "awesome", the new credit card is targeted at young adults and those in their first jobs. It is meant to represent the youthful exuberance, free-spiritedness and bold persona of Singapore millennials today.

Card holders can look forward to 1 per cent unlimited cashback on dining and entertainment deals, online shopping purchases and telco transactions. CIMB AWSM also supports Mastercard "tap & go" payment, allowing transactions and purchases to be made conveniently and contactless.

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A version of this article appeared in the print edition of The Sunday Times on August 12, 2018, with the headline 'Banks, insurers target young adults, savers and drivers'. Print Edition | Subscribe