The best CIBC credit cards in Canada for 2024
March 2, 2024
Explore the best variety of CIBC credit cards, tailored to meet your unique needs. Compare, choose, and apply today for a card that matches your purchasing habits.
Compare Canada’s best CIBC credit cards
Best CIBC credit card by category
Best CIBC credit card
Best for Travel
based on spending $2,200/mo after the annual fee
- Earn rewards
1pt – 2pts / dollar earn rate
- Welcome bonus
45,000 bonus points (a $450 value)
- Annual fee
see Details
Perks
- This offer is not available for the residents of Quebec.
- Welcome Offer: Join and get up to $1,500 in value including a first year annual fee rebate!† Here’s how you can get up to $1,500 in value
- Get up to 45,000 Aventura Points (up to $ 900 in travel value†):
- 15,000 Aventura Points when you make your first purchase†
- 30,000 Aventura Points when you spend $3,000 or more in the first 4 monthly statement periods†
- Get a one-time annual fee rebate ($139) for you (the primary cardholder) and up to three authorized users ($50 each; $150 value): up to $289 value.†
- Elevate your airport experience with 4 complimentary visits at 1,200+ lounges globally through Visa Airport Companion Program: up to $261 in value.†
- Plus, get a NEXUS◊ Application Fee rebate†: A $50 value† Plus, enjoy extra valuable travel benefits.
- Travel when it’s right for you – your Aventura Points don’t expire†
- Redeem your Aventura Points for more than travel with our Shop With Points/Pay with Points features†
- Travel local – Aventura Points can be redeemed for more than just flights – use your points for hotels and car rentals for a weekend getaway
- 2 points for every $1 spent on travel purchased through the CIBC Rewards Centre†
- 1.5 points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
- 1 point for every $1 spent on all other purchases†
- Save on gas with CIBC and Journie Rewards Link and use your CIBC Aventura Visa Infinite Card with Journie Rewards to save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
- This is a digital-exclusive offer.†
- To be eligible for this offer, 1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and 2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you.† This offer is reserved for you. Please do not forward it to anyone else.
- CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Aventura card within the last 12 months.†
- †Terms and Conditions Apply
Ratehub’s take
The CIBC Aventura Visa Infinite card really ramps up rewards for everyday purchases such as gas and groceries. It also provides extensive insurance coverage, lounge access, and a Nexus rebate, proving to be a great travel companion for travelers.
Pros
- Access to airport lounges: Enjoy four complimentary visits at over 1,200 lounges globally through the Visa Airport Companion Program
- Extensive insurance coverage: Enjoy a comprehensive insurance package from mobile device insurance to emergency travel medical insurance
- Additional rebates and perks: Receive a NEXUS application fee rebate and annual fee rebates for customers with a CIBC Smart Plus Account
Cons
- Low point earn rate: Other rewards cards offer higher points per spending category
- Income requirement: A minimum personal income of $60,000 may may be prohibitive to some
- Annual Fee: An annual fee of $139 is high compared to others on the market
- Limited travel redemption options: You’ll have to use the CIBC Rewards Centre to book travel with your points, whereas with other cards you can experiment with other providers and platforms to get the most value
Eligibility requirements
Minimum credit score: 725
Minimum income: $60,000/yr
Interest rates
Purchase interest: 20.99%
Cash advance: 22.99%
Balance transfer: 22.99%
Annual fee
$139
Best cash back CIBC credit card
Best for Groceries & gas
based on spending $2,200/mo after the annual fee
- Earn rewards
1% – 4% earn rate
- Welcome bonus
$250
- Annual fee
see Details
Perks
Ratehub.ca’s 2023 Award Winner – Best Cash Back Credit Card
Welcome Offer: Get a first-year annual fee rebate and earn 10% cash back welcome bonus of up to $250 (first 4 statements)!†
- After that, get 4% cash back on eligible gas, EV charging and grocery purchases.†
- 2% cash back on eligible transportation, dining purchases and recurring payments†
- 1% cash back on all other purchases†
- Get cash back on demand – redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®†
- Save on gas with CIBC and Journie Rewards
- Link and use your CIBC Dividend® Visa Infinite* Card with Journie Rewards to save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
- This is a digital-exclusive offer.To be eligible for this offer: 1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and 2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you.† This offer is reserved for you. Please do not forward it to anyone else.
- CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months.†
- This offer is not available for the residents of Quebec.
- †Terms and Conditions Apply
Features
Ratehub’s take
The biggest selling point of the CIBC Dividend Visa Infinite is its impressive rewards on everyday essentials. On top of the 1% earn rate for all purchases, this card earns 4% cash back on both groceries and gas purchases – the best on the market, for two of the most common spending categories for Canadian households.
Pros
- High earn rates on specific categories: Significantly higher earn rates on groceries, EV charging, and gas than most other cards (4% cash back)
- Redeem any time: Users can redeem rewards at any time as a statement credit starting in increments of $25
- Convenient payment option for large purchases: Access to CIBC’s Pace It program, allowing you to pay off large purchases in monthly increments
- Exclusive program access: Access to the Visa Infinite Program, entitling you to attend special dining events and hotel perks at participating hotels and restaurants
Cons
- Income requirement: The annual fee ($120) and personal income requirements ($60,000) may be prohibitive
- Limited insurance coverage: Insurance coverage isn’t as comprehensive as other similar rewards cards (if insurance is a priority for you, consider the cards featured on our list of best credit cards for travel insurance)
- Annual cash back is limited: While the points earnings rate is impressive, annual rewards at 4% and 2% are capped at $80,000 total, then you’ll earn at the base rate
Eligibility requirements
Minimum credit score: 725
Minimum income: $60,000/yr
Interest rates
Purchase interest: 20.99%
Cash advance: 22.99%
Balance transfer: 22.99%
Annual fee
$120
Best balance transfer CIBC credit card
- Pay $390.00/mo
during the promo to pay off $3,900 transferred balance
- 1% Balance transfer fee
A fee of $39 will be added to your balance
- Annual fee
see Details
Perks
- Transfer your credit card balance – Get 0% interest for up to 10 months with a 1% transfer fee† and a first year annual fee rebate†
- Check full offer details below†
- Transfer your credit card balance and get 0% interest for up to 10 months with a 1% transfer fee†
Transfer up to 50% of your assigned credit limit†
If you choose to carry a balance and you make your minimum payments on time, a balance transfer could save you money on interest - Take advantage of this 0% introductory interest rate on balance transfers for your first 10 months.
- You’ll only have to pay a 1% fee† when you transfer your balance from another card to the CIBC Select Visa Card
- This balance transfer offer is only available at the time of your online application.† Simply tick the checkbox to select the balance transfer option when you’re filling out your application.
- Once you take advantage of this offer, you will have a promotional rate balance on your account. As a result, you will lose your interest-free grace period on new purchases unless you pay your amount due, including any promotional rate balances, in full each month. While you will enjoy the promotional rate on the balances you transfer by using this offer, new purchases will be subject to the purchase interest rate.
- Save on gas with CIBC and Journie Rewards
- Link and use your CIBC Select Visa Card with Journie Rewards to save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
- Purchase Interest Rate – 13.99%
- Ongoing Balance Transfer APR – 13.99%
- Cash advance Interest – 13.99%
- †Terms and Conditions Apply
Ratehub’s take
The CIBC Select Visa tops our list for best balance transfer cards, offering a below-average interest rate of 13.99% across all transactions. With a low annual fee, a strong welcome bonus, and additional benefits like extended warranty and purchase protection, it is a strong choice for efficiently managing credit card debt.
Pros
- Low APR across the board: Below-average APR of 13.99% across the board on purchases, balance transfers, and cash advances
- Affordable annual fee and readily accessible: Low $29 annual fee (which is rebated for the first year) and has a minimum household income requirement of just $15,000 making it accessible to most Canadians
- Free secondary cards: Get up to three free secondary cards, enhancing flexibility for shared finances
- Included travel coverage: One of the few low interest cards to offer additional travel coverage in the form of up to $100,000 in common carrier accident insurance
- Additional benefits: Access additional benefits including extended warranty, purchase protection, and access to CIBC’s 24/7 customer service team
Cons
- Limited perks: As a low interest credit card, the CIBC Select Visa doesn’t offer much in the form of perks
- Online exclusive offer: The balance transfer offer is exclusively available to new cardholders applying online
- Transfer limit restrictions: You can only transfer 50% of your assigned credit limit (e.g. if you’re approved for the CIBC Select Visa with a $2,000 credit limit, you can only transfer up to $1,000 from another credit card)
Eligibility requirements
Minimum credit score: 660
Minimum income: $15,000/yr
Interest rates
Purchase interest: 13.99%
Cash advance: 13.99%
Balance transfer: 0.00% for the first 10 months. 13.99% after promo.
Annual fee
$29
Best no annual fee CIBC credit card
Best for Everyday spending
based on spending $2,200/mo after the annual fee
- Earn rewards
0.5pts – 1pt / dollar earn rate
- Welcome bonus
10,000 bonus points (a $100 value)
- Annual fee
see Details
Perks
Welcome Offer: Join and get up to $100 in value† for no annual fee.†
Here’s how it adds up:
- Get up to 10,000 Aventura Points (up to $100 in travel value†):
- 2,500 Aventura Points when you complete all five activities within 60 days of your CIBC Aventura® Visa* account approval.†
- 7,500 Aventura Points after you make your first purchase within first 4 months.†
- Travel when it’s right for you – your Aventura Points don’t expire†
- Redeem your Aventura Points for more than travel with our Shop With Points/Pay with Points features†
- Travel local – Aventura Points can be redeemed for more than just flights – use your points for hotels and car rentals for a weekend getaway
- 1 point for every $1 spent on travel purchased through the CIBC Rewards Centre†
- 1 point for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
- 1 point for every $2 spent on all other purchases†
- Save on gas with CIBC and Journie Rewards Link and use your CIBC Aventura Visa Card with Journie Rewards to save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
- This is a digital-exclusive offer.† To be eligible for this offer: 1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and 2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you.† This offer is reserved for you. Please do not forward it to anyone else.
- CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Aventura card within the last 12 months.†
- This offer is not available for the residents of Quebec.
- †Terms and Conditions Apply
Ratehub’s take
The CIBC Aventura Visa is a no-fee credit card that’s also a fantastic travel companion. Unlike other no-annual fee cards, this card still offers a punch when it comes to rewards, earning on gas, groceries, and travel through the CIBC Rewards Centre.
Pros
- Generous welcome bonus: Compared to other no-fee credit cards, this card offers a substantial welcome bonus setting it apart from other no-fee credit cards
- Fuel savings advantage: Ability to save 3 cents per litre on fuel at Journie Rewards gas stations
- No annual fee
Cons
- Limited insurance coverage: The card has limited insurance offerings which may be a drawback for those seeking comprehensive coverage
- Restrictions for Quebec residents: The welcome bonus is not available to residents of Quebec, limiting the benefits for individuals in this region
- Limited redemption options: To use your points for flights or other travel purchases, you’ll have to book through the CIBC Rewards Centre. Other rewards credit cards offer you much more in the way of flexibility
Eligibility requirements
Minimum credit score: 660
Minimum income: $15,000/yr
Interest rates
Purchase interest: 20.99%
Cash advance: 22.99%
Balance transfer: 22.99%
Annual fee
$0
CIBC credit cards types
Natasha Macmillan, Business Director of Everyday Banking
With over a decade of experience in the finance industry, Natasha works closely with Canada's top financial institutions - from banks to credit unions - to help Ratehub.ca's 1,200,000 monthly users get matched with the right banking products. read full bio
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Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.
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Insurance Products
- Credit Card Rental Car Insurance
- Trip Cancellation/Interruption Insurance
- Travel Medical Insurance
- Travel Accident Insurance
- Delayed Baggage Insurance
- Lost Luggage Insurance
- Flight Delay Insurance
- Hotel/Motel Burglary Insurance
- Purchase Security Insurance
- Price Protection Insurance
- Extended Warranty Insurance