How the CIBC Aventura Rewards Program Works

Alyssa Furtado
by Alyssa Furtado August 8, 2018 / No Comments

We’ve seen a considerable uptick in interest about the CIBC Aventura rewards program from our readers. With that in mind, we’ve made a few updates to this post to ensure we’re providing all of you with the most accurate information about the program as of today.

If you’re a CIBC client – or considering becoming one – you’ll want to become familiar with the Aventura rewards program where you can earn points on every $1 you spend which can be redeemed for flights, cruises, vacation packages or general merchandise. If you want a travel rewards credit card that lets you choose from every airline, every flight, every seat, and has points that don’t expire, keep reading.

How to Earn CIBC Aventura Points

CIBC offers three credit cards that let you earn Aventura rewards points with the CIBC Aventura Visa Infinite Card offering you the highest earn potential. You’ll earn 1.5 Aventura points per $1 spent on gas, groceries and drug store purchases, 2 points per $1 spent on travel purchased through the CIBC Rewards Centre, and 1 point per $1 on all other purchases. CIBC Aventura card holders are also eligible to earn 5 points for every $1 when buying tickets on WestJet Airlines and 2 points for every $1 spent on the latest tech from Apple.ca

There is a $120 annual fee, but the CIBC Aventura Visa Infinite comes with a 15,000-point sign-up bonus and a comprehensive travel insurance package.

How to Redeem CIBC Aventura Points

To redeem your CIBC Aventura points for travel, login to your CIBC rewards account and go to the travel section. You can search for flights by entering your departing airport, arrival airport and travel dates. Because you’re not restricted to any airlines, or specific flights or seats, you’ll find a number of options to choose from. Flights will have a required point amount and then additional taxes that have to be paid on top of the required points.

CIBC Aventura uses five flight zones that have fixed points requirements. For example, “Long-haul: Canada/United States” requires 25,000 – 35,000 points. But CIBC also institutes a maximum ticket price for each fixed point level. For a Long-haul Canada/United States flight, 35,000 points can only cover up to $800. If a flight costs $900, the remaining $100 would cost an additional 10,000 points (charged at a rate of $1 = 100 points).

To redeem points for a flight, you need to have at least 80% of the required points. If you only have 80-99% of the required points, you can actually purchase additional points at a rate of $0.03/point to make up the difference. Unlike many other travel rewards programs, you can use your Aventura points to pay for your flight taxes and fuel surcharges.

Aside from travel rewards, you can cash in your points to reduce the balance on your Aventura credit card by simply logging into your CIBC Online Banking account and selecting Payment with Points. Plus, you can use points to fund your investment accounts (including RRSPs and TFSAs) or chip away at your mortgage – given both are held with CIBC and not at another financial institution.

CIBC Aventura Visa Infinite

  • Annual fee: $120
  • Earn 15,000 Aventura points with your first purchase
  • Earn 1.5 Aventura points per $1 spent on gas, groceries and drug store purchases
  • Earn 2 Aventura points per $1 spent on travel purchased through the CIBC Rewards Centre
  • Earn 1 Aventura points per $1 spent on all other purhcases

The Value of CIBC Aventura Points

How much is 1 CIBC Aventura point worth? Our research revealed that, on average, 1 Aventura point is worth $0.0116. However, there is a large discrepancy in the value of your points when redeeming for flights in different regions. For example, on average, you receive $0.0092/point when redeeming for a flight from Toronto to Montreal, compared to $0.0135/point for a flight from Toronto to Vancouver. So the value you receive will truly depend on what you redeem your points for.

You get the most value out of your points when booking flight tickets. So, while it may be tempting to redeem points for gift cards or to shrink your credit card or mortgage debt, it’s best to opt for cash in those instances and save up your points for the next time you need to travel.

Alternative travel rewards card

Although the CIBC Aventura Visa Infinite isn’t bad, the Scotiabank Gold American Express card is often ranked as one of the best travel credit cards on the market. With this card, you’ll earn 4 Scotia Rewards points for every $1 spent on gas, groceries, entertainment, and restaurants — that’s 4% back in rewards — and one point per dollar on all other purchases. Scotia Rewards can be redeemed for travel (flights, hotels, car rentals, cruises, vacation packages), gift cards, and merchandise from retailers such as Apple and Best Buy.

Scotiabank Gold American Express

  • Annual fee: $99 (waived for first year)
  • Earn 25,000 bonus points (value: $250) when you make $,1000 in everyday purchases in the first 3 months
  • Earn 4 Scotia Rewards points dollar on gas, groceries, entertainment, and restaurants; 1 point per dollar on everything else

This card’s travel rewards program is truly flexible: points can be used to cover all taxes, fees, and surcharges. There are no blackout dates, and you can travel on any carrier. You can book your trip yourself or use Scotia’s full-service travel agency, and have the option of paying for your trip with points upfront or charging the cost to your card and redeeming points to cover it later. The card includes access to VIP airport lounges worldwide with a Priority Pass membership (renewed annually), complimentary concierge services, extensive travel insurance, and access to American Express Invites.