Card Details
Interest Rates
Purchase: 20.99%
Cash Advance: 22.99%, for Quebec 21.99%
Balance Transfer: 22.99%
Annual Fee
$139
$0
First Year Waived
Annual Income
Personal: $60,000
Household: $100,000
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
2.8/5
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 daysEmergency Medical Over 65
3 days
Flight Delay
$500Baggage 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
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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
Visa Infinite Exclusive Benefits
Exclusive offers
Pros & Cons
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.