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Card Details
Interest Rates
Purchase: 20.99%
Cash Advance: 22.99%, for Quebec 21.99%
Balance Transfer: 22.99%
Annual Fees
Main Card: $0
Additional Cards: $0 up to 3 additional cards
Annual Income
Personal: N/A
Household: $15,000
Credit Score Estimate
300Poor
560Fair
660Good
725Very Good
760Excellent
Welcome Bonus
N/A
Our Rating
2.6/5
Institution
CIBC
How You Earn 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
Rewards Breakdown
Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
Insurance
Coverage
Travel Accident
$500,000
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.
Pros & Cons
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.