Best CIBC Credit Cards in Canada
Sara Skodak
Author
Abid Salahi
Editor7 min read
CIBC has a substantial catalogue of credit cards that cater to a wide-variety of spenders.
Whether you’re interested in travel-oriented cards, budget-friendly no-fee and low-interest credit cards or cashback alternatives, there are plenty of options to choose from.
In this blog post, we’ve gathered the best contenders CIBC has to offer, dividing them into easy-to-navigate categories for your convenience.
Go ahead and take a look and get one step closer to finding the best credit card in Canada.
Best Overall CIBC Credit Card
CIBC Dividend® Visa Infinite* Card
3.5
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
120 $0
Interest Rates
20.99% / 22.99%
The CIBC Dividend® Visa Infinite Card* is an excellent choice for those who spend heavily on gas, EV charging, and groceries, offering one of the best cash back rates in those categories. The 10% cash back welcome offer sweetens the deal for new cardholders, though the high income requirements and annual fee may not make it the best fit for everyone. If you can meet the spending and income criteria, it provides solid value, especially with no limits on the total amount of cash back you can earn.
Pros
- High Cash Back Rates: Get 4% cash back on gas, EV charging, and groceries, plus 2% on restaurants, transportation, and recurring bill payments.
- No Limit on Total Cash Back: No maximum limit on the amount of cash back you can earn annually.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations like Ultramar, Pioneer, Fas Gas, and Chevron.
Cons
- High Income Requirement: Personal income of $60,000 or household income of $100,000 is required to qualify.
- Annual Fee: The card comes with a $120 annual fee, which might reduce the overall value for some users.
- Lower Insurance Coverage: Compared to similar cards, the insurance offerings are less comprehensive.
Rewards
- 4% cashback on Gas and Groceries if they are in the first $80K transactions of the year and $20K of categorical spends
- 2% cashback on Transportation, Dining and Recurring payments if they are in the first $80K transactions of the year and $20K of categorical spends
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5 Million per person, per trip. 10 day coverage
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Car Rental Damage & Theft
$65K
Travel Accident
$500K
Mobile Device Insurance
$1000 per person, per occurrence
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
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Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very Good
Annual Income
$60,000 personal or $100,000 household
For the most well-balanced option, we recommend the CIBC Dividend Visa Infinite Card.
This card earns you competitive cashback on gas and groceries, plus solid cashback rates on transportation, dining, and recurring payments.
These reward categories are complemented by decent insurance coverage, with handy categories like mobile device insurance, travel accident coverage, and car rental damage and theft insurance.
As for benefits, save on gas at participating Pioneer, Fas Gas, Ultramar, and Chevron gas stations, plus take advantage of car rental discounts at eligible Avis and Budget locations across the globe.
Sure, there’s an annual fee associated with all of these perks, but it’s conveniently waived in the first year of membership. Pair that with a nice cashback welcome bonus, and you’ve got a great start to your spending journey.
Keep in mind, however, that the card comes with some income requirements.
Ultimately, the CIBC Dividend Visa Infinite Card offers cardholders uncomplicated, flexible, and impressive cashback rewards on everyday spend categories, plus some solid insurance and helpful benefits. Together these perks support multiple spenders from day-to-day shoppers to frequent diners to occasional travellers.
Best No-Fee CIBC Credit Cards
If you want to enjoy no annual fees, consider one of the following no-fee CIBC credit cards.
CIBC Aeroplan® Visa* Card
3.7
Finly Rating
Welcome Bonus
Up to 10,000 Aeroplan® points
Annual Fee
$0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Aeroplan Visa Card is an excellent no-fee option for Aeroplan members who want to earn miles without an annual fee. Its solid earn rates on essential categories like gas and groceries make it easy to accumulate points quickly. The card also offers Preferred Pricing on Aeroplan redemptions, giving cardholders more value when they book flights with Air Canada. For someone looking for an entry-level Aeroplan card, this is a strong choice, especially with its generous welcome bonus.
Pros
- No Annual Fee: Enjoy Aeroplan rewards with no cost to maintain the card.
- Solid Rewards on Key Categories: Earn 1 Aeroplan point per $1 on gas, groceries, EV charging, and Air Canada purchases.
- Preferred Pricing on Aeroplan Rewards: Get access to better redemption rates on Aeroplan flight rewards.
Cons
- Limited Reward Rate: Only earns 1 point per $1.50 on all other purchases, which is less competitive than some other no-fee cards.
- Best Value for Air Canada Flyers: Maximum redemption value is through Air Canada flights, which limits flexibility if you don’t frequently fly with Air Canada.
Rewards
- 1 Aeroplan® point per $1 spent on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
- 1 Aeroplan® point per $1.50 spent (0.66 point per $1) on all other purchases
Insurance
Coverage
Travel Accident
$100,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Car Rental Damage & Theft
Up to $65k car MSRP
Benefits
Details
Discount
Primary cardholders can often book flight rewards for even fewer points
Extra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore
Eligibility
Credit Score
Very Good
Annual Income
$15,000 household
Arguably, the most remarkable no-fee card from CIBC is the CIBC Aeroplan Visa Card.
Best for Aeroplan travellers, this card offers an Aeroplan point per dollar spent on everyday spend categories like eligible gas, electric vehicle charging, and groceries. Not to mention, an Aeroplan point for every dollar spent on Air Canada purchases.
To protect you on those upcoming trips, the CIBC Aeroplan Visa Card includes some travel insurance, specifically travel accident and car rental damage and theft coverage.
For benefits, cardholders will receive discounted point redemptions on flight bookings and extra points on purchases made at over 150 Aeroplan partner brands, plus over 170 online retailers through the Aeroplan eStore.
Overall, the CIBC Aeroplan Visa card is a great beginner Aeroplan card for a curious yet budget-conscious traveller – specifically one that books with Air Canada.
CIBC Aventura® Visa* Card
2.8
Finly Rating
Welcome Bonus
Up to 2,500 points
Rewards Rate
0.5x - 1x point
Annual Fee
0 $0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Aventura® Visa Card* offers a no-fee way to earn travel rewards with flexible redemption options. Its welcome bonus and points on everyday categories make it appealing for budget-conscious users. However, the limited insurance coverage and low base earn rate may not make it the best choice for those looking for higher rewards or comprehensive benefits.
Pros
- No Annual Fee: A great perk, especially for a travel rewards card.
- Rewards on Everyday Purchases: Earn 1 point per $1 on travel, groceries, gas, EV charging, and drugstores, and 1 point per $2 on all other purchases.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations.
- Flexible Redemption: Points can be redeemed for travel, merchandise, gift cards, or as statement credits.
Cons
- Limited Insurance: Includes only basic coverage (e.g., travel accident and purchase protection).
- Low Base Earn Rate: You only earn 1 point per $2 spent on most purchases, which is lower than many competing cards.
Rewards
- 1 point per $1 spent on travel purchased through the CIBC Rewards Centre
- 1 point per $1 spent at eligible gas stations, electric vehicle charging stations, grocery stores and drug stores (up to $6,000 spent combined per year)
- 0.5 point per $1 spent on all other eligible purchases
Insurance
Coverage
Travel Accident
$100,000
Purchase Protection
90 days
Extended Warranty
Up to a year
Car Rental Damage & Theft
up to car value of $65k
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Eligibility
Credit Score
Good
Annual Income
$15,000 household
Another no-fee travel option is the CIBC Aventura Visa Card.
The CIBC Aventura Visa Card earns you a CIBC Aventura point per dollar spent on travel purchases through the CIBC Rewards Centre, plus every dollar spent on popular spend categories like gas, groceries, electric vehicle charging stations, and drugstore purchases. That said, the base rate on all other purchases outside of the specialized categories is a bit below average (compared to cards like the CIBC Aeroplan Visa Card).
When comparing CIBC Aventura to Aeroplan, CIBC Aventura offers more booking flexibility for travellers – with more options for traveling outside of Aeroplan redemption categories and more non-travel oriented redemption categories.
Both the CIBC Aventura Visa Card and the CIBC Aeroplan Visa Card have the same insurance coverage, but where the CIBC Aeroplan Visa Card offers flight discounts and extra point benefits, the CIBC Aventura Visa Card only provides cardholders with a gas discount at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.
All in all, if you want a no-fee CIBC travel credit card with more loyalty program flexibility, the CIBC Aventura Visa Card is the best choice. Otherwise, if you tend to travel with Air Canada anyways, then the CIBC Aeroplan Visa Card is the better alternative.
CIBC Dividend® Visa* Card
2.6
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Dividend® Visa Card* is a solid option for those looking for a no-fee credit card with decent rewards, particularly for groceries. However, the lower base earn rate and limited insurance benefits make it less competitive for general spending or travel protection compared to other options.
Pros
- No Annual Fee: This card comes with no annual fee, which is a major plus for those looking for a basic cashback card without extra costs.
- 2% Cash Back on Groceries: Earn 2% cash back on grocery purchases, which is higher than the standard rate for no-fee cards.
- Fuel Savings: Save up to 10 cents per litre on gas when you use the card at Journie Rewards gas stations.
- Redeem Cash Back on Demand: Flexibility to redeem cash back any time you have at least $25.
Cons
- Low Base Earn Rate: The base earn rate of 0.5% cash back on all other purchases is quite low compared to other cashback cards.
- Limited Insurance Coverage: The card offers basic insurance benefits, but it lacks the more comprehensive travel and purchase protection available with premium cards.
Rewards
- 2% cashback on groceries if they are in the first $80k transactions of the year and $20k of categorical spends
- 1% cash back on eligible gas, electric vehicle charging, transportation, dining and recurring payments if they are in the first $80k transactions of the year and $20k of categorical spends
- 1% cashback on all other eligible card purchases
Insurance
Coverage
Travel Accident
$500,000
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very Good
Annual Income
$15,000 household
For a more balanced no-fee CIBC cashback option, try the CIBC Dividend Visa Card.
With this card, collect solid cashback on groceries, plus decent cashback rates on gas, electric vehicle charging, transportation, dining, and recurring payments.
The insurance coverage is pretty standard – including insurances like travel accident, extended warranty, and purchase protection insurance – but that’s to be expected with a no-fee credit card.
Still, drivers and road trippers alike will enjoy the card’s gas discount at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations, plus car rental discounts at participating Avis and Budget locations.
In summary, if you’re not particularly into travel but still want a no-fee card that swaps out points for flexible cashback, then the CIBC Dividend Visa Card is the way to go.
CIBC Costco Mastercard
2.8
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
20.75% / 22.49%
The CIBC Costco Mastercard offers one of the highest cashback rates on restaurant purchases in Canada, making it an excellent choice for optimizing rewards in this specific category, especially since it has no annual fees. If you use Costco Gas or shop on Costco Online, there is a decent cashback rate as well. However, for other categories, the cashback rate is average. Notably, you will be better off using other credit cards for warehouse Costco purchases, as you will only earn 1% cashback. If you are looking for no annual fee credit cards only, this is a good card to go for.
Pros
- Decent reward rate for a no annual fee credit card
- One of the highest cashback rates for restaurant purchases in Canada
- Has Mobile insurance
Cons
- Doesn't come with a lot of benefits
- Doesn't earn much on Costco Warehouse purchases!
Rewards
- 3% cash back on Restaurants
- 3% cash back on Costco Gas stations and 2% cash back on non-Costco Gas up to a combined maximum of $5,000 in spending (max $150 cashback per year)
- 2% cash back on Costco.ca purchases up to $8,000 in spending (max $160 cashback per year)
- 1% on everything else
Insurance
Coverage
Mobile Device Insurance
$1000
Purchase Protection
Up to 90 days
Extended Warranty
Up to a year
Eligibility
Credit Score
Very Good
Annual Income
$15,000 personal
Ironically, the Costco Mastercard isn’t necessarily the best credit card for in-store Costco purchases, but it is a great no-fee credit card for certain cashback categories – particularly restaurants.
Besides the dining category – which beats out dining on the CIBC Dividend Visa Card – you can also earn better cashback by comparison on gas (especially Costco gas) and distinct cashback on Costco.ca purchases (but oddly enough, no cashback on Costco warehouse purchases).
Both the CIBC Costco Mastercard and the CIBC Dividend Visa Card have standard extended warranty and purchase protection insurance coverages, while the CIBC Dividend Visa Card adds travel accident insurance, the CIBC Costco Mastercard adds mobile device insurance.
The CIBC Dividend Visa Card also has car rental and gas discounts, whereas the CIBC Costco Mastercard doesn’t come with any benefits.
It’s worth mentioning as well that even though the CIBC Costco Mastercard is technically a no-fee credit card, the card requires you to have a Costco membership, which comes with its own annual fee. Thus, it’s a good no-fee card if you already happen to be a Costco member.
So, if you want to optimize your restaurant, gas, and Costco.ca purchases, and you don’t mind foregoing extra benefits, the CIBC Costco Mastercard could be the no-fee CIBC credit card for you. On the other hand, if you want more cashback on groceries, electric vehicle charging, transportation, recurring payments, a little bit of travel insurance, plus a couple road-oriented benefits, then the CIBC Dividend Visa Card should be your top pick out of the two.
Best CIBC Credit Cards for Cashback
Plenty of cardholders prefer cashback to points, because that cash can be used towards any purchase they want rather than specified redemption categories.
If you’re a fan of cashback yourself, here are the top cashback credit cards CIBC has to offer:
CIBC Dividend® Visa Infinite* Card
3.5
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
120 $0
Interest Rates
20.99% / 22.99%
The CIBC Dividend® Visa Infinite Card* is an excellent choice for those who spend heavily on gas, EV charging, and groceries, offering one of the best cash back rates in those categories. The 10% cash back welcome offer sweetens the deal for new cardholders, though the high income requirements and annual fee may not make it the best fit for everyone. If you can meet the spending and income criteria, it provides solid value, especially with no limits on the total amount of cash back you can earn.
Pros
- High Cash Back Rates: Get 4% cash back on gas, EV charging, and groceries, plus 2% on restaurants, transportation, and recurring bill payments.
- No Limit on Total Cash Back: No maximum limit on the amount of cash back you can earn annually.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations like Ultramar, Pioneer, Fas Gas, and Chevron.
Cons
- High Income Requirement: Personal income of $60,000 or household income of $100,000 is required to qualify.
- Annual Fee: The card comes with a $120 annual fee, which might reduce the overall value for some users.
- Lower Insurance Coverage: Compared to similar cards, the insurance offerings are less comprehensive.
Rewards
- 4% cashback on Gas and Groceries if they are in the first $80K transactions of the year and $20K of categorical spends
- 2% cashback on Transportation, Dining and Recurring payments if they are in the first $80K transactions of the year and $20K of categorical spends
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5 Million per person, per trip. 10 day coverage
Car Rental Damage & Theft
$65K
Travel Accident
$500K
Mobile Device Insurance
$1000 per person, per occurrence
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very Good
Annual Income
$60,000 personal or $100,000 household
Back from the “best overall” CIBC credit card category, the CIBC Dividend Visa Infinite Card is so good with cashback, it had to make a comeback.
Let’s refresh your memory. With this card, you’ll earn:
- Impressive cashback on gas and groceries
- Admirable cashback on transportation, dining, and recurring purchases
- Solid insurance coverage, including travel accident, mobile device insurance, and emergency out of province medical insurance
- Nice discounts on gas and car rentals
Still, here are a few things to keep in mind, such as:
- higher income requirements
- The fact that after your first year, you will need to commit to an annual fee
- Similar cards may come with more insurance, if that’s something you need
Overall, this card stands out for its top cashback rates in multiple categories and its inclusion of some travel-oriented perks like travel insurance add-ons and car rental discounts – making it a balanced credit card for different types of spenders.
CIBC Costco Mastercard
2.8
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
20.75% / 22.49%
The CIBC Costco Mastercard offers one of the highest cashback rates on restaurant purchases in Canada, making it an excellent choice for optimizing rewards in this specific category, especially since it has no annual fees. If you use Costco Gas or shop on Costco Online, there is a decent cashback rate as well. However, for other categories, the cashback rate is average. Notably, you will be better off using other credit cards for warehouse Costco purchases, as you will only earn 1% cashback. If you are looking for no annual fee credit cards only, this is a good card to go for.
Pros
- Decent reward rate for a no annual fee credit card
- One of the highest cashback rates for restaurant purchases in Canada
- Has Mobile insurance
Cons
- Doesn't come with a lot of benefits
- Doesn't earn much on Costco Warehouse purchases!
Rewards
- 3% cash back on Restaurants
- 3% cash back on Costco Gas stations and 2% cash back on non-Costco Gas up to a combined maximum of $5,000 in spending (max $150 cashback per year)
- 2% cash back on Costco.ca purchases up to $8,000 in spending (max $160 cashback per year)
- 1% on everything else
Insurance
Coverage
Mobile Device Insurance
$1000
Purchase Protection
Up to 90 days
Extended Warranty
Up to a year
Eligibility
Credit Score
Very Good
Annual Income
$15,000 personal
Recognizable from the previous category, the CIBC Costco Mastercard is particularly notable for restaurant cashback (even more so than being Costco-related).
In fact, this cashback card surpasses the dining cashback rate provided by the CIBC Dividend Visa Infinite Card. However, the CIBC Dividend Visa Infinite Card still earns better rewards on gas, groceries, transportation, and recurring payments.
If you’re after more comprehensive coverage alongside your cashback, the CIBC Dividend Visa Infinite Card also comes with better insurance inclusions. While both cards have mobile device insurance, extended warranty insurance, and purchase protection insurance, the CIBC Dividend Visa Infinite Card includes car rental damage and theft insurance, travel accident insurance, and emergency out of province medical insurance.
You’ll also get added discounts on car rentals and gas with the CIBC Dividend Visa Infinite Card, something you won’t receive with the CIBC Costco Mastercard.
That said, if you don’t want to pay for an annual fee after the first year, or you can’t meet the CIBC Dividend Visa Infinite Card’s higher income requirements, then the CIBC Costco Mastercard starts to look a little better – especially if you’re a foodie.
All in all, the CIBC Costco Mastercard is best for budget-conscious Costco members who want to earn competitive cashback rates on restaurant purchases. Alternatively, the CIBC Dividend Visa Infinite Card has better cashback rates on everyday categories like gas and groceries, improved coverage, and added benefits.
CIBC Dividend Platinum® Visa* Card
2.8
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
99 $0
Interest Rates
20.99% / 22.99%
The CIBC Dividend Platinum® Visa Card* offers great cash back rates, especially for gas and groceries, with a lower annual fee of $99. It's a solid option for households with lower income requirements, and the fuel savings with Journie Rewards add extra value. However, the limited insurance coverage and the annual fee might make other cards more attractive if you're looking for more benefits.
Pros
- 10% Cash Back Welcome Offer: Earn 10% cash back for the first 4 months, up to $2,500 in spending.
- Solid Cash Back Rates: Get 3% cash back on gas, groceries, and EV charging, plus 2% on restaurants, transportation, and recurring bills.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations (Ultramar, Fas Gas, Pioneer, Chevron).
- Low Income Requirement: Only a $15,000 household income requirement, making it accessible to a wider audience.
Cons
- Limited Insurance Coverage: Only includes basic insurance options, which may not be ideal for travelers or those seeking comprehensive coverage.
- Annual Fee: The $99 annual fee reduces the net rewards slightly.
Rewards
- 3% cashback on gas and groceries if they are in the first $80K transactions of the year and $20K of categorical spends
- 2% cashback on transportation, dining and recurring bills if they are in the first $80K transactions of the year and $20K of categorical spends
- 1% cashback on all other eligible card purchases
Insurance
Coverage
Car Rental Damage & Theft
yes
Travel Accident
$500,000
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very Good
Annual Income
$15,000 household
If you don’t mind spending an affordable annual fee, the CIBC Dividend Platinum Visa Card could be a decent cashback option.
This contender has similar cashback rates on gas to the CIBC Costco Mastercard, better cashback rates on groceries, as well as added specialized categories on transportation and recurring bills (similar to those provided by the CIBC Dividend Visa Infinite counterpart). Still, the CIBC Costco Mastercard wins for the highest cashback rates on restaurant purchases.
As far as insurance goes, the CIBC Dividend Platinum Visa Card has a bit more to offer, covering categories like car rental damage and theft insurance and travel accident insurance on top of typical extended warranty and purchase protection insurance.
As we know, the CIBC Costco Mastercard doesn’t come with any perks (which isn’t unheard of for a no-fee card), but the CIBC Dividend Platinum Visa Card has car rental discounts at participating Avis and Budget locations, plus savings on fuel at eligible Pioneer, Fas Gas, Ultramar and Chevron gas stations.
So, if you’d like to prioritize optimizing your grocery, transportation, and recurring bill expenses, have a bit more coverage, and a couple of useful vehicle benefits, then the CIBC Dividend Platinum Visa Card is the superior and still affordable alternative to the CIBC Costco Mastercard. Still, if you want to avoid annual fees altogether, you’re a foodie who likes to dine out, and you have a Costco membership, then you might want to stick with the CIBC Costco Mastercard.
CIBC Dividend® Visa* Card
2.6
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Dividend® Visa Card* is a solid option for those looking for a no-fee credit card with decent rewards, particularly for groceries. However, the lower base earn rate and limited insurance benefits make it less competitive for general spending or travel protection compared to other options.
Pros
- No Annual Fee: This card comes with no annual fee, which is a major plus for those looking for a basic cashback card without extra costs.
- 2% Cash Back on Groceries: Earn 2% cash back on grocery purchases, which is higher than the standard rate for no-fee cards.
- Fuel Savings: Save up to 10 cents per litre on gas when you use the card at Journie Rewards gas stations.
- Redeem Cash Back on Demand: Flexibility to redeem cash back any time you have at least $25.
Cons
- Low Base Earn Rate: The base earn rate of 0.5% cash back on all other purchases is quite low compared to other cashback cards.
- Limited Insurance Coverage: The card offers basic insurance benefits, but it lacks the more comprehensive travel and purchase protection available with premium cards.
Rewards
- 2% cashback on groceries if they are in the first $80k transactions of the year and $20k of categorical spends
- 1% cash back on eligible gas, electric vehicle charging, transportation, dining and recurring payments if they are in the first $80k transactions of the year and $20k of categorical spends
- 1% cashback on all other eligible card purchases
Insurance
Coverage
Travel Accident
$500,000
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very Good
Annual Income
$15,000 household
Another no-fee cashback counterpart to the CIBC Dividend Platinum Visa Card is the CIBC Dividend Visa Card.
With this card, you’ll earn slightly less cashback on groceries compared to the CIBC Platinum Visa Card – but this makes sense since you’re comparing a card with no annual fees to a card with annual fees. Again, with the CIBC Dividend Visa Card, you’ll also earn a bit less cashback on gas, recurring bills, and transportation as well.
Both cards provide coverages like travel accident insurance, extended warranty coverage, and purchase protection insurance, but the CIBC Platinum Visa Card adds car rental damage and theft insurance.
In terms of benefits, the two cashback contenders offer car rental discounts at select Avis and Budget locations, plus savings on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.
Ultimately, the CIBC Dividend Visa Card is better for cardholders that want to avoid an annual fee but still earn almost as much cashback on popular everyday spend categories. If you don’t mind an annual fee, want more cashback on select categories, and slightly better insurance coverage, then consider the CIBC Platinum Visa Card instead.
Best CIBC Credit Cards for Travel
CIBC definitely likes to treat frequent travellers.
This credit card issuer provides plenty of travel-focused credit cards for those loyal to specific airlines and those who may crave a little more flexibility.
Read on to see what we mean.
CIBC Aeroplan® Visa* Card
3.7
Finly Rating
Welcome Bonus
Up to 10,000 Aeroplan® points
Annual Fee
$0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Aeroplan Visa Card is an excellent no-fee option for Aeroplan members who want to earn miles without an annual fee. Its solid earn rates on essential categories like gas and groceries make it easy to accumulate points quickly. The card also offers Preferred Pricing on Aeroplan redemptions, giving cardholders more value when they book flights with Air Canada. For someone looking for an entry-level Aeroplan card, this is a strong choice, especially with its generous welcome bonus.
Pros
- No Annual Fee: Enjoy Aeroplan rewards with no cost to maintain the card.
- Solid Rewards on Key Categories: Earn 1 Aeroplan point per $1 on gas, groceries, EV charging, and Air Canada purchases.
- Preferred Pricing on Aeroplan Rewards: Get access to better redemption rates on Aeroplan flight rewards.
Cons
- Limited Reward Rate: Only earns 1 point per $1.50 on all other purchases, which is less competitive than some other no-fee cards.
- Best Value for Air Canada Flyers: Maximum redemption value is through Air Canada flights, which limits flexibility if you don’t frequently fly with Air Canada.
Rewards
- 1 Aeroplan® point per $1 spent on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
- 1 Aeroplan® point per $1.50 spent (0.66 point per $1) on all other purchases
Insurance
Coverage
Travel Accident
$100,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Car Rental Damage & Theft
Up to $65k car MSRP
Benefits
Details
Discount
Primary cardholders can often book flight rewards for even fewer points
Extra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore
Eligibility
Credit Score
Very Good
Annual Income
$15,000 household
If you want a no-fee travel card that earns you Aeroplan points on everyday spend categories like gas, electrical vehicle charging, and groceries, plus Air Canada purchases – look no further than the CIBC Aeroplan Visa Card.
You’ll also be set up with a couple of travel insurance options, particularly travel accident and car rental damage and theft insurance.
The provided benefits can also support your upcoming trips, with lower point redemptions required for flights and double the points at over 150 Aeroplan partner brands and more than 170 online retailers through the Aeroplan eStore.
But wait, there’s more.
The CIBC Aeroplan Visa offers cardholders a welcome bonus of enough points to support a one-way economy short-haul ticket in North America – this could easily cover a flight from Toronto to New York.
Basically, if you want a budget-friendly CIBC travel credit card that supports your frequent Air Canada flights and your everyday purchases, this is a great contender.
CIBC Aeroplan® Visa Infinite* Card
3.3
Finly Rating
Welcome Bonus
Up to 40,000 Aeroplan® points
Annual Fee
139 $0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Aeroplan Visa Infinite Card is great for Air Canada travelers who want to rack up Aeroplan points and enjoy perks like free checked bags and preferred pricing on flight redemptions. With solid reward rates in key spending categories like gas, groceries, and Air Canada purchases, this card offers decent returns. Additionally, the first-year annual fee waiver and comprehensive travel insurance make it a solid option for those looking for value without the upfront cost. However, its highest value is for people who frequently travel with Air Canada and make use of Aeroplan rewards, especially for flights.
Pros
- Generous Welcome Bonus: 40,000 Aeroplan points upon meeting the initial spending requirements.
- High Reward Rates: Earn up to 1.5 points per $1 spent on gas, groceries, EV charging, and Air Canada purchases.
- Air Canada Perks: Free checked bags for you and up to 8 companions when flying Air Canada.
- Preferred Pricing on Aeroplan Flights: Get access to better Aeroplan point redemption rates for Air Canada flights.
Cons
- Income Requirements: Requires either a $60,000 personal income or a $100,000 household income to qualify.
- Limited Redemption Value: The highest value for points is found when redeeming for Air Canada flights, limiting flexibility if you prefer other types of rewards.
Rewards
- 1.5 Aeroplan® points per $1 spent on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
- 1 Aeroplan® point per $1 spent on all other purchases
Insurance
Coverage
Travel Accident
$500,000
Emergency Out of province Medical
15 days
Emergency Medical Over 65
3 days
Flight Delay
$500
Baggage Delay
$500
Trip Cancellation
$1,500
Trip Interruption
$2,000
Lost or Stolen Baggage
$500
Hotel Burglary Insurance
$2,500
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Visa Infinite Exclusive Benefits
Exclusive offers
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Status lift
Reach Aeroplan Elite Status sooner: Earn 1,000 Status Qualifying Miles and 1 Status Qualifying Segment for every $10,000 in eligible purchases made on your card
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Free first checked bag
Enjoy a free first checked bag for you, authorized users and up to 8 companions every time you fly with Air Canada
Discount
Primary cardholders can often book flight rewards for even fewer points
Free Extra Night at Hotels
Extra night free for every 3 hotel nights redeemed with Aeroplan points
Eligibility
Credit Score
Very Good
Annual Income
$60,000 personal or $100,000 household
If you want to level-up from the CIBC Aeroplan Visa Card, you can also opt for the CIBC Aeroplan Visa Infinite Card.
This upgrade will get you slightly more Aeroplan points per dollar spent on eligible gas, electric vehicle charging, groceries, and Air Canada purchases.
The biggest differences, however, come from the insurance coverage and benefits.
For starters, the CIBC Aeroplan Visa Infinite Card adds 9 more mostly-travel-oriented insurance categories, including trip interruption and trip cancellation insurance, flight and baggage delay insurances, and emergency medical over 65 coverage.
In regards to benefits, the CIBC Aeroplan Visa Infinite Card also adds plenty of valuable travel perks like free first checked bags, free extra nights at hotels, and an expedited chance at earning Aeroplan elite status.
Keep in mind though that the CIBC Aeroplan Visa Infinite Card has higher income requirements than the CIBC Aeroplan Visa card, plus it comes with an annual fee (although that fee is waived in the first year).
At the end of the day, if you’re a higher earner who’s looking for more Aeroplan points on day-to-day and travel purchases, if you want more travel coverage and tons of travel-oriented benefits, and travel with AirCanada often then the CIBC Aeroplan Visa Infinite Card might be worth it. Otherwise, if you’re more budget-conscious, the CIBC Aeroplan Visa Card is still a great option with a few (understandable) limitations.
CIBC Aventura® Visa Infinite* Card
2.8
Finly Rating
Welcome Bonus
Up to 35,000 Aventura points
Annual Fee
139 $0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Aventura® Visa Infinite Card* offers significant value for travelers with its high rewards on travel spending and flexible point redemptions, especially when used for flights. However, the high income requirements and limited value outside of travel redemptions may be drawbacks for some users. The extensive insurance coverage and airport lounge access make this card attractive for frequent travelers.
Pros
- Generous Welcome Bonus: Earn up to 45,000 Aventura points, which can be worth up to $1,031 in travel value.
- High Points on Travel: Earn 2 points per $1 on travel booked through the CIBC Rewards Centre and 1.5 points per $1 on gas, groceries, EV charging, and drugstores.
- Flexible Redemption: Points can be redeemed for flights, travel, gift cards, merchandise, and more, with the best value coming from the Aventura Flight Chart, where points can be worth up to 2.29 cents each.
- Complimentary Airport Lounge Access: Includes 4 free passes to Visa Airport Companion lounges globally.
- Comprehensive Insurance: 12 types of insurance, including trip cancellation, mobile device protection, and emergency medical coverage.
Cons
- High Income Requirements: Requires a personal income of $60,000 or household income of $100,000.
- Poor Rewards Outside Travel: If you redeem points for non-travel rewards, like gift cards or merchandise, the value drops to about 1 cent per point, making other cards better for non-travel rewards.
Rewards
- 2 points per $1 spent on travel purchased through the CIBC Rewards Centre
- 1.5 points per $1 spent at eligible gas stations, electric vehicle charging stations, grocery stores and drug stores
- 1 point per $1 spent on all other purchases
Insurance
Coverage
Travel Accident
$500,000
Emergency Out of province Medical
15 days
Emergency Medical Over 65
3 days
Flight Delay
$500
Baggage Delay
$500
Trip Cancellation
$1,500
Trip Interruption
$2,000
Lost or Stolen Baggage
$500
Hotel Burglary Insurance
$2,500
Purchase Protection
90 days
Extended Warranty
Up to a year
Car Rental Damage & Theft
up to car value of $65k
Mobile Device Insurance
$1,000
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Airport Lounge - Dragon Pass
Airport lounges Visa Airport Companion Program managed by DragonPass International + 4 Free complimentary visits
Nexus Program Rebate
Up to $100 statement credit for Nexus Application fee every 4 years
Visa Infinite Exclusive Benefits
Exclusive offers
Eligibility
Credit Score
Good
Annual Income
$60,000 personal or $100,000 household
Let’s move on from Aeroplan to Aventura.
The CIBC Aventura Visa Infinite Card offers the same insurance coverage, the same annual fee plus first-year-fee rebate, and income requirements as the CIBC Aeroplan Visa Infinite Card.
When it comes to rewards, the CIBC Aventura Visa Infinite Card will earn you more points on travel – but these points are CIBC Aventura points instead of Air Canada Aeroplan points and they’re applicable towards travel purchased through the CIBC Rewards Centre instead of through Air Canada. This already provides a more flexible point-earning system on travel purchases since there are many different airlines featured through the CIBC Rewards Centre, rather than simply Aeroplan. Other than travel earnings, the CIBC Aventura Visa Infinite cardholders will also earn similar points per dollar spent on gas, electric vehicle charging, and groceries – with the addition of point-potential on drugstore purchases. After you earn points, the CIBC Aventura Visa Infinite Card also has a more flexible and varied redemption program than the CIBC Aeroplan Visa Infinite Card.
As for benefits, both cards feature car rental discounts at eligible Avis and Budget locations, Visa Infinite Exclusive Benefits, and gas discounts at participating stations. While the CIBC Aventura Visa Infinite card technically has less benefits on top of this, it still includes two valuable perks: Dragon Pass airport lounge access and a Nexus Program rebate.
So, if you want more travel earning and redemption flexibility, plus exclusive travel perks like airport lounge access, then the CIBC Aventura Visa Infinite Card might be the better CIBC travel option. However, if you’re loyal to Air Canada and you want even more travel perks, then the CIBC Aeroplan Visa Infinite Card might be better suited to you.
CIBC Aventura® Visa* Card
2.8
Finly Rating
Welcome Bonus
Up to 2,500 points
Rewards Rate
0.5x - 1x point
Annual Fee
0 $0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Aventura® Visa Card* offers a no-fee way to earn travel rewards with flexible redemption options. Its welcome bonus and points on everyday categories make it appealing for budget-conscious users. However, the limited insurance coverage and low base earn rate may not make it the best choice for those looking for higher rewards or comprehensive benefits.
Pros
- No Annual Fee: A great perk, especially for a travel rewards card.
- Rewards on Everyday Purchases: Earn 1 point per $1 on travel, groceries, gas, EV charging, and drugstores, and 1 point per $2 on all other purchases.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations.
- Flexible Redemption: Points can be redeemed for travel, merchandise, gift cards, or as statement credits.
Cons
- Limited Insurance: Includes only basic coverage (e.g., travel accident and purchase protection).
- Low Base Earn Rate: You only earn 1 point per $2 spent on most purchases, which is lower than many competing cards.
Rewards
- 1 point per $1 spent on travel purchased through the CIBC Rewards Centre
- 1 point per $1 spent at eligible gas stations, electric vehicle charging stations, grocery stores and drug stores (up to $6,000 spent combined per year)
- 0.5 point per $1 spent on all other eligible purchases
Insurance
Coverage
Travel Accident
$100,000
Purchase Protection
90 days
Extended Warranty
Up to a year
Car Rental Damage & Theft
up to car value of $65k
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Eligibility
Credit Score
Good
Annual Income
$15,000 household
If you can’t quite afford the CIBC Aventura Visa Infinite Card after the first year or you don’t meet its income requirements, then you can always apply for the CIBC Aventura Visa Card instead.
For no fee, you’ll receive slightly less CIBC Aventura points on travel, gas, electric vehicle charging, grocery, and drugstore purchases than the CIBC Aventura Visa Infinite Card.
When it comes to insurance, you’ll also only keep the basics (extended warranty and purchase protection insurance) and a couple of travel-oriented insurance coverages – specifically car rental damage and theft and travel accident insurance.
Similarly, out of the handful of benefits featured on the CIBC Aventura Visa Infinite Card, with the CIBC Aventura Visa Card, you’ll only receive the gas discounts at participating Pioneer, Fas Gas, Ultramar, and Chevron gas stations.
In conclusion, the CIBC Aventura Visa Card is the budget-conscious uncomplicated version of the CIBC Aventura Visa Infinite Card.
Best CIBC Credit Cards for Premium Travel
There’s regular travel and then there’s luxury travel.
As mentioned, CIBC caters heavily to travellers – that’s why two distinct travel credit card categories are necessary.
In this section we’re covering the best CIBC credit cards for premium travel.
CIBC Aeroplan® Visa Infinite Privilege* Card
3.2
Finly Rating
Welcome Bonus
Up to 60,000 Aeroplan® points
Annual Fee
$599
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Aeroplan Visa Infinite Privilege Card is ideal for frequent Air Canada flyers who want to maximize their Aeroplan points and enjoy premium travel perks. With 2 points per $1 spent on Air Canada purchases and free checked baggage on every flight, this card offers significant value for those who travel often. Additionally, the extensive travel insurance and unlimited Maple Leaf lounge access make it a solid choice for high-income individuals looking for convenience and protection during their travels. However, the high annual fee and income requirements mean it's best suited for those who can take full advantage of its Air Canada-specific benefits.
Pros
- Earn up to 2 points per $1 on Air Canada purchases, and 1.5 points per $1 on gas, groceries, dining, and travel.
- Air Canada perks: Includes free checked bags, priority check-in, boarding, and Maple Leaf lounge access.
- Unlimited lounge access: Enjoy unlimited Maple Leaf lounge visits when flying Air Canada.
- Comprehensive insurance: Offers extensive travel and purchase protection, including trip cancellation and mobile device insurance.
Cons
- High annual fee: The card has a steep $599 annual fee.
- Strict income requirements: Requires a personal income of $150,000 or household income of $200,000 to qualify.
- Limited reward value: Best value is achieved only when redeeming for Air Canada flights, making it less versatile for non-Air Canada redemptions.
Rewards
- 2 Aeroplan® points per $1 spent on Air Canada and Air Canada Vacations if they are in the first $100k transactions of the year
- 1.5 Aeroplan® points per $1 spent on gas, groceries, travel and dining if they are in the first $100k transactions of the year
- 1.25 Aeroplan® point per $1 spent on all other purchases
Insurance
Coverage
Travel Accident
$500,000
Emergency Out of province Medical
31 days
Emergency Medical Over 65
10 days
Flight Delay
$1,000
Baggage Delay
$1,000
Trip Cancellation
$2,500
Trip Interruption
$5,000
Lost or Stolen Baggage
$1,000
Hotel Burglary Insurance
$2,500
Purchase Protection
180 days
Extended Warranty
Up to 2 years
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,500
Benefits
Details
Airport Lounge - Maple Leaf and AirCanada Cafes
Access select Maple Leaf Lounges™ and Air Canada Cafés™, plus get 6 complimentary lounge visits per year per cardholder through Visa Airport Companion Program
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Visa Infinite Exclusive Benefits
Exclusive offers
Status lift
Reach Aeroplan Elite™ Status sooner by earning Status Qualifying Miles and Status Qualifying Segments with purchases made on your account
Status lift
Complimentary upgrade to Avis® President's Club
Companion Voucher
Receive an Annual Worldwide Companion Pass from $99 to a max of $599 (plus taxes, fees, charges and surcharges) when you spend $25,000 on your card
Priority Travel
Priority Check-in, Priority Boarding and Priority Baggage Handling for you, your authorized users and up to 8 companions on the same flight
Free first checked bag
Enjoy a free first checked bag for you, authorized users and up to 8 companions every time you fly with Air Canada
Eligibility
Credit Score
Very Good
Annual Income
$150,000 personal or $200,000 household
Compared to the previously mentioned CIBC Aeroplan cards, the CIBC Aeroplan Visa Infinite Privilege card earns you the most Aeroplan points per dollar spent on Air Canada purchases, then similar points on gas, electric vehicle charging, and groceries as the CIBC Aeroplan Visa Infinite Card. Still, the CIBC Aeroplan Visa Infinite Privilege Card adds a travel and dining earn category, plus a better base rate on all other purchases.
The insurance on this card is extensive, featuring 13 coverage categories in total – 10 of which relate to travel. Among these 10 travel insurance categories, you’ll find trip interruption and trip cancellation insurance, hotel burglary insurance, and emergency medical over 65 insurance.
The travel benefits on this card are also boast-worthy – with amazing inclusions like airport lounge access at select Maple Leaf Lounges and Air Canada Cafes, free first checked bags for you and 8 travel companions, a companion voucher when you meet certain spending requirements, Priority Travel perks like Priority Check-in, Priority Boarding, and Priority Baggage Handling (for authorized users and up to 8 travel companions), plus status lifts like the chance to reach Aeroplan Elite Status sooner through Status Qualifying Miles and Status Qualifying Segments, and an upgrade to Avis President's Club – featuring expedited rental car services.
In all honesty though, this card has an expensive annual fee and some of the highest income requirements.
Therefore, if you’re a high-earning big-spending frequent Air Canada traveller, the CIBC Aeroplan Visa Infinite Privilege Card will comprehensively complement every trip you take.
CIBC Aventura® Visa Infinite Privilege* Card
3
Finly Rating
Welcome Bonus
Up to 80,000 Aventura points
Annual Fee
$499
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
The CIBC Aventura Visa Infinite Privilege Card offers a well-rounded suite of travel benefits, making it ideal for frequent travelers. The annual $200 travel credit, complimentary lounge access, and comprehensive insurance package ensure you’re covered for both convenience and protection. Plus, the ability to earn up to 3 points per dollar spent and redeem them at high values for flights makes this card an excellent choice for those who value travel rewards. However, it comes with a high annual fee and income requirements, so it's best suited for those who can fully take advantage of its perks.
Pros
- Generous rewards: Earn up to 3 points per $1 spent on travel and 2 points per $1 on gas, groceries, restaurants, and more.
- Valuable travel perks: Includes an annual $200 travel credit, 6 complimentary airport lounge passes, and discounts at Avis and Budget car rentals.
- High point value: Points are worth up to 2.29 cents each when redeemed for flights.
- Comprehensive insurance: Offers 12 types of insurance, including mobile device protection and emergency medical coverage.
Cons
- High annual fee: A $499 annual fee makes this a more expensive option.
- Strict income requirements: Requires a personal income of $150,000 or household income of $200,000 to qualify.
Rewards
- 3 points per $1 spent on travel purchased through the CIBC Rewards Center
- 2 points per $1 spent on dining, entertainment, gas, transportation, and groceries if they are in the first $200k transactions of the year
- 1 point per $1 spent on all other purchases
Insurance
Coverage
Travel Accident
$500,000
Emergency Out of province Medical
31 days
Emergency Medical Over 65
10 days
Flight Delay
$500
Baggage Delay
$500
Trip Cancellation
$2,500
Trip Interruption
$5,000
Lost or Stolen Baggage
$1,000
Hotel Burglary Insurance
$2,500
Purchase Protection
180 days
Extended Warranty
Up to 2 years
Car Rental Damage & Theft
up to car value of $65k
Mobile Device Insurance
$1,500
Benefits
Details
Airport Lounge - Dragon Pass
Airport lounges Visa Airport Companion Program managed by DragonPass International + 6 Free complimentary visits
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Nexus Program Rebate
Up to $100 statement credit for Nexus Application fee every 4 years
Visa Infinite Exclusive Benefits
Exclusive offers
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Travel Credit
Annual $200 travel credit to use at the CIBC Rewards Center
Eligibility
Credit Score
Very Good
Annual Income
$150,000 personal or $200,000 household
If you want the premium flexibility of an Aventura credit card, check out the CIBC Aventura Visa Infinite Privilege Card.
While it has the same income requirements as the CIBC Aeroplan Visa Infinite Privilege Card, the CIBC Aventura Visa Infinite Privilege Card is less expensive annually.
Also by comparison, you’ll earn higher CIBC Aventura points on travel purchased through the CIBC Rewards Center, plus more CIBC Aventura points on gas, groceries, dining, and transportation. In terms of travel, CIBC Aventura points tend to be more flexible and applicable towards bookings made through multiple airlines and redemptions made through multiple categories even beyond travel.
When you look at the two cards’ insurance add-ons, they offer the same categories, except some categories (like baggage delay and flight delay) have higher coverage values on the the CIBC Aeroplan Visa Infinite Privilege Card than the CIBC Aventura Visa Infinite Privilege Card.
Both cards share the same car rental discounts at Avis and Budget locations, gas discounts at participating Pioneer, Fas Gas, Ultramar, and Chevron gas stations, and Visa Infinite Exclusive Benefits. The CIBC Aventura Visa Infinite Privilege Card also comes with airport lounge access through Dragon Pass, an annual travel credit applicable to purchases made through the CIBC Rewards Center, and a Nexus Program application fee rebate every few years. Still, the CIBC Aeroplan Visa Infinite Privilege Card has more extensive travel benefits – including the previously mentioned companion voucher, free first checked bags, and Priority Travel perks.
So, if you’re a high-earner that craves a more flexible travel rewards program and you don’t mind receiving less benefits and less value on some insurance categories for a lower annual fee, then the CIBC Aventura Visa Infinite Privilege Card is superior to the CIBC Aeroplan Visa Infinite Privilege Card, however if you travel frequently with Aeroplan related airlines then the Aeroplan card is the better choice for you.
Best CIBC Credit Card for Low Interest
On the opposite side of things, you might be looking for low-interest options within the CIBC institution.
If so, you’ve come to the right place.
CIBC Select Visa* Card
4
Finly Rating
Welcome Bonus
Balance transfer 0% interest for up to 10 months with a 1% transfer fee
Rewards Rate
No Rewards
Annual Fee
29 $0
Interest Rates
13.99% / 13.99%
Rewards
No rewards earned on this card
Insurance
Coverage
Travel Accident
$100,000
Eligibility
Credit Score
Good
Annual Income
N/A
Despite its simplicity, the CIBC Select Visa Card is actually one of our favourite CIBC credit cards.
Seeing as it’s a low-interest card, the CIBC Select Visa Card doesn’t have a rewards program (which is pretty typical). Rewards program or not, cardholders can reap the benefits of overall low-interest rates and a low-interest and balance-transfer welcome bonus that’s sure to persuade hesitant applicants. With this intro offer, you’ll collect no interest for nearly a year – all with an extremely low transfer fee.
As far as perks go, those who take a trip here and there will be pleased to know that this card is equipped with travel accident insurance.
Overall, this low-interest CIBC credit card is very rewarding, even without a rewards program.
CIBC bizline® Visa* Card
2.7
Finly Rating
Welcome Bonus
N/A
Rewards Rate
No Rewards
Annual Fee
$0
Interest Rates
CIBC Prime plus 1.5% / CIBC Prime plus 1.5%
A low-interest credit card in case you want to carry a balance every month.
Pros
- No Annual Fee
- Low interest rates
Cons
- No rewards
- No welcome bonus or promotional interest rate
- Interest changes with CIBC prime so you can't setup a fixed amount payment plan
- No extended warranty or purchase protection, a benefit provided with most credit cards
Rewards
No rewards earned on purchases
Insurance
Coverage
Travel Accident
$100,000
Benefits
Details
Car Rental Discount
Get up to 30% off base rates with Avis® Pay Now or up to 35% off base rates with Budget
Eligibility
Credit Score
Good
Annual Income
$15,000 personal
A no-fee business alternative to the CIBC Select Visa Card is the CIBC bizline Visa Card.
This card offers low CIBC Prime plus interest rates, just note that these rates are subject to change, so you can't easily organize a fixed amount payment plan.
Unfortunately, unlike the CIBC Select Visa Card, the CIBC bizline Visa Card doesn't come with a low interest welcome bonus.
While both the CIBC Select Visa Card and the CIBC bizline Visa Card come with travel accident insurance, the CIBC bizline Visa Card also includes car rental discounts at Avis and Budget locations as an added plus.
It's also important to note that while the CIBC Select Visa Card caters to personal credit card cardholders, the CIBC bizline Visa Card is geared more towards businesses.
Thus, the CIBC bizline Visa Card is best for businesses that don't mind being more flexible with their interest rates and who want to optimize their car rentals. Otherwise, the CIBC Select Visa Card has more reliable fixed interest rates for everyday spenders and a nice interest-free welcome bonus.