One of the major Canadian banks to offer tailored personal and business solutions, CIBC features the full array of investment and insurance products, loans and mortgages, and credit cards. Credit cards come in a great variety, from student, low interest, and no annual fee to rewards, cash back, and business cards. Customers enjoy a wealth of perks such as welcome offers, annual fee rebates, rewards points, and comprehensive insurance coverage. Top picks with exclusive rewards are the CIBC Aventura® Visa Infinite* Card, Dividend® Visa Infinite, and Aventura Visa.
CIBC Aventura® Visa Infinite* Card
This card is certainly not to miss as you get 35,000 rewards points or $800 in travel credit as part of their welcome offer. Every $1 you spend on travel-related purchases earns 2 points. You also get 1.5 points per $1 on drug store, grocery, and gas purchases and 1 point on all other purchases. CIBC features a handy calculator to estimate your monthly spending. If you spend $1,500 a month during the first 15 billing cycles, for example, you will earn a total of 42,000 rewards points. You can redeem them for activities, gift cards, merchandise, hotel accommodation, cruises, and vacation packages. Accumulated points can be exchanged for a selection of merchandise, including kids watches, humidifiers, fingertip pulse oximeters, folding driers, blenders, and more. The card also comes with a comprehensive insurance package, including hotel burglary, mobile device, and flight delay and baggage insurance. Cardholders also enjoy an annual fee rebate during the first year.
- Interest rate: 19.99 percent
- Cash advances: 22.99 percent
- Annual fee: $139
- Minimal household income: $100,000
- Minimal personal income: $60,000
CIBC Dividend® Visa Infinite
A cashback credit card with a comprehensive coverage, Dividend Visa Infinite allows customers to save on purchases. Groceries and gas earn 4 percent, recurring payments, dining, and transportation earn 2 percent, and all other purchases – 1 percent. Cardholders also enjoy exclusive experiences and services through the Visa Infinite Program, including late checkout, complimentary breakfast and Wi-Fi, and room upgrades. Insurance coverage included with this card is mobile device, common carrier accident, out-of-province emergency travel, and car rental collision/loss damage insurance.
- Interest rate: 19.99 percent
- Annual fee: $120
- Interest-free period: at least 21 days
CIBC Aventura Visa
A no annual fee card with a low minimum income requirement ($15,000), CIBC Aventura has plenty of benefits to offer. To begin with, it allows you to earn 1 point per $1 for travel-related purchases through the CIBC Rewards Centre as well as purchases at drug stores, grocery stores, and gas stations. You also get 1 point for $2 spent everywhere else. Their insurance package includes purchase security, auto rental collision, and common carrier accident insurance. To help customers with payments, CIBC offers payment protector insurance in the event of critical illness, disability, loss of self-employment, and involuntary unemployment.
- Interest rate: 19.99 percent
- Annual fee: none
- Annual fee for additional cards: none
CIBC Aventura® Visa* Card for Students
This card is a good fit for students who enjoy earning discounts on purchases and travel. It comes with no annual fee and allows holders to earn 1 point per $1 on travel purchases through the CIBC rewards center, drug and grocery store purchases, and at the gas station. All other purchases earn 1 point per $2. In addition to insurance coverage such as purchase security and auto rental collision, this card offers customers the chance to save 10 cents per litre at Pioneer, Ultramar, and Chevron gas stations when linked with Journie Rewards.
- Interest rate: 19.99 percent
- Annual fee: none
- Minimum credit limit: $1,000
- No minimum income requirement
In addition to personal credit cards, CIBC offers the CIBC bizline® Visa* Card for Business with an affordable interest rate and no annual fee. The card also has a low minimum income requirement of just $35,000 and is a good choice for business customers with revenues of up to $5 million.
- Credit limit: up to $50,000
- Interest rate: CIBC prime + 1.5 percent
- Annual fee: none
To apply for the CIBC bizline® Visa* Card, sole proprietorships need to present their trade name and business registration. Partnerships are asked to bring their Master Business License, partnership agreement, and partnership registration. If you are an incorporated association or corporation, you will need to show a copy of your corporate record, trade name registration, most recent filing, and original articles of incorporation.
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