Card Details
Interest Rates
Purchase: 20.99%
Cash Advance: 22.99%, for Quebec 21.99%
Balance Transfer: 22.99%
Annual Fees
Main Card: $139
$0
First Year Waived
Additional Cards: $50 (first year waived up to 3 cards)
Annual Income
Personal: N/A
Household: $15,000
Credit Score Estimate
Welcome Bonus
15,000 Aventura Points when you make your first purchase, and 20,000 Aventura Points when you spend $3,000 or more in net purchases in the first 4 monthly statement periods
Our Rating
2.6/5
Institution
CIBC
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 & Benefits
Insurance
Coverage
Travel Accident
$500,000
Emergency Out of province Medical
15 days
Flight Delay
$500Baggage Delay
$500
Lost or Stolen Baggage
$500
Hotel Burglary Insurance
$2,500
Purchase Protection
90 days
Extended Warranty
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Car Rental Damage & Theft
up to car value of $65k
Mobile Device Insurance
$1,000
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.
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
Pros & Cons
Pros
- High Rewards 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 drugstore purchases.
- Flexible Point Redemption: Points can be used for flights, merchandise, gift cards, and more, with airline redemptions offering up to 2.29 cents per point.
- Airport Lounge Access: Includes 4 complimentary visits to Visa Airport Companion lounges globally.
- NEXUS Application Fee Rebate: Offers a rebate on the NEXUS program application fee, making U.S. travel easier.
Cons
- Poor Non-Travel Rewards: Outside of the airline rewards chart, points have a lower value when redeemed for non-travel items like gift cards and merchandise.
- Annual Fee: $139 annual fee, which can be high if you're not fully utilizing the travel benefits.
- Limited Insurance: Includes only 10 types of insurance, fewer than some other premium travel cards.