CIBC Aventura® Visa* Card for Students
Card highlights
Welcome bonus
Annual fee
Ratehub’s review
Natasha Macmillan
This card is a great introduction into the world of travel rewards credit cards. The earn rate isn’t anything crazy, but it’s respectable for a no-fee card. Plus, Aventura points are valuable when applied for flights and travel, so this card would be a great option to use on booking a spring break trip or school exchange program.
Pros
- Aventura points are valuable: Aventura points are relatively valuable when booked for flights and travel at 1 point = 1 cent
- Work towards financial goals: If you are trying to manage your credit card balance or want to start investing, you can use your Aventura Points to do so with this card
Cons
- Limited redemption options: You are limited to booking what’s available in the CIBC Rewards Centre with this card, whereas with others, you can book through any provider and apply points against your purchase later
- Points are worth less on other redemptions: Your points will be worth much less for statement credits, investments and gift cards. If you’re not a big traveler, this might not be the best option for you
- Lower base earn rate: For everyday purchases that aren’t travel bookings or eligible gas, electric vehicle charging, grocery stores and drug stores—your earn rate is considerably lower. Plus, you are limited to a total annual spend of $6,000 for everyday bonus categories other than CIBC travel purchases
Rewards & bonuses
See what you could earn based on how you spend.
Welcome bonus
Earn up to $100.
Earn up to $100 in value for no annual fee. Offer not available to QC residents. Terms and conditions apply.
Earn rates
Caps apply where shown. Rewards are earned on eligible purchases only, see the card’s terms for full details. 100 points = $1.
Your earning potential
First year reward
Based on spending $2,200/mo after $0 annual fee
Second year reward
Based on spending $2,200/mo after $0 annual fee
These numbers are based on estimations and the calculation breakdown below.
Adjust your spending
First year reward†
- If you spend $2,200/month, you’ll earn
- Welcome bonus
- Annual fee
- First year reward
Second year reward†
- If you spend $2,200/month, you’ll earn
- Annual fee
- Second year reward
† Estimate calculated by Ratehub.ca and is based on current offers and a monthly spend of $2,200. It is for illustrative purposes only.
Perks & insurance
Perks and insurance coverage included with the card.
| Perks | Details | |
|---|---|---|
| Lounge access | Not included | You’ll gain complimentary passes to airport lounges. The number of passes and lounges you have access to will vary. |
| No foreign exchange fees | Not included | A surcharge that credit card holders pay for purchases made in a foreign currency (typically 2.5%). |
| Extended warranty | Not included | Either doubles the length of the item’s manufacturer’s warranty coverage or extends it by 1 year, whichever is less. |
| Price protection | Not included | If, within a certain amount of time of purchasing an item, its price drops or you find an identical item offered for a lower retail price than what you paid, you will be reimbursed for the difference. |
| Insurance | Details | |
|---|---|---|
| Travel accident insurance | Not included | If you suffer a loss as a result of an accidental bodily injury sustained while occupying a common carrier, you are eligible for this coverage. |
| Travel emergency medical | Not included | If you require urgent medical care while on a trip outside of your home province, you will be covered for any eligible medical expenses incurred. |
| Car rental insurance | Not included | Credit card rental car insurance usually covers theft, loss and damage to your rental car in the case of an accidental collision. |
| Trip cancellation | Not included | If you have to cancel your trip before it’s even started, your prepaid travel costs will be covered up to a maximum amount if the cause of cancellation is eligible for the insurance. |
| Trip interruption | Not included | If your trip has to be cut short or is delayed after the scheduled departure date, you will be covered up to a maximum amount for an eligible cause of interruption or delay. |
| Flight delay insurance | Not included | If your flight departure is delayed by a certain number of hours, you’ll be reimbursed a certain amount for necessary and reasonable expenses. |
| Baggage loss insurance | Not included | If your checked bag cannot be located by a common carrier, you’ll be reimbursed for a portion of the replacement cost of lost personal property. |
| Baggage delay insurance | Not included | If your checked bag is not delivered within a specified time upon your arrival, you’ll be reimbursed for the cost to replace essential items. |
| Hotel/motel burglary | Not included | Provides protection, while you’re checked in, for your personal belongings when left unattended in your room up to a certain dollar amount. |
| Mobile insurance | Not included | Reimburses a portion of your cell phone in the event it’s damaged or lost. Device coverage is limited to a certain period of time after purchasing with your credit card. |
| Purchase assurance | Not included | Automatically protects new purchases by insuring them for 90 days from the date of purchase in the event of loss, theft or damage. |
Details & eligibility
Fees
- Annual fee
- $0
Rates
- Purchase interest
- 20.99%
- Balance transfer rate
- 22.99%
- Cash advance rate
- 22.99%
Type
- Provider
- CIBC
- Card type
- Travel
- Payment network
- VISA
Eligibility
- Minimum personal income
- N/A
- Minimum household income
- N/A
- Minimum credit score
- 660+