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Card Details
Based on $2,000 spending
First Year Value
$376.86
-$123.14 in years after
Annual Rewards
$375.86
CIBC Aventura
First Year Bonus
$500
CIBC Aventura
Annual Fee
$499
First Year Value
$376.86
-$123.14 in years after
Interest Rates
Purchase: 20.99%
Cash Advance: 22.99%, for Quebec 21.99%
Balance Transfer: 22.99%
Annual Fee
$499
Annual Income
Personal: $150,000
Household: $200,000
Credit Score Estimate
300Poor
560Fair
660Good
725Very Good
760Excellent
Welcome Bonus
25,000 Aventura Points when you spend $3,000 or more in the first 4 monthly statement periods, 25,000 Aventura Points when you spend $6,000 or more in the first 4 monthly statement periods, 30,000 Aventura Points as an additional anniversary bonus when you have at least $25,000 in net eligible purchases posted on your account during the first 12 monthly statement periods
Our Rating
3/5
Institution
CIBC
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 & Benefits
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
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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
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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.
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
Pros & Cons
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.
