Best CIBC Credit Cards in Canada
|Credit card||Purchase Interest Rate||Balance transfer rate||Annual fee||Net reward (1st year)||Monthly interest fee||Monthly interest fee||Required deposit|
As a leading bank in Canada, CIBC offers over 20 credit cards for the diverse needs of Canadians, including some of the most popular travel rewards credit cards in the country.
CIBC offers two types of travel rewards credit cards: Aventura Visa Cards and Aeroplan Visa Cards. The three CIBC Aventura Visa Cards let you collect Aventura Points on all of your purchases, which are redeemable for airfare on any airlines with no blackout periods, or a number of merchandise items available on the CIBC Aventure website. Each tier comes with greater rewards, but also a larger annual income requirement and larger annual fee. If you strictly want to earn travel rewards points, you could also look at one of the three CIBC Aerogold Visa Cards, which let you earn Aeroplan Miles for each $1 spent on your credit card. Similar to the Aventura cards, each tier comes with greater rewards and better sign-up bonuses, but also larger annual income requirements and larger annual fees. CIBC also offers special Aventura and Aeroplan cards for both students and businesses (as well as some everyday cards for them, too).
On top of offering some of the most popular travel rewards credit cards, CIBC offers a variety of other credit card products with great rewards. If you’d prefer to earn cash back with each purchase you make, there are three CIBC Dividend Visa Cards to choose from. They also offer a couple of credit cards partnered with retailer’s loyalty rewards programs, which are outlined below.
Finally, if you won’t redeem or use rewards points collected, an everyday credit card from CIBC could be the perfect fit for your wallet. There are three cards in the CIBC Visa Card line, all with different annual fees (some have no annual fee) and interest rates (some as low as 11.99%). And if you’re someone who travels south of the border often enough, you may also want to consider getting a CIBC US Dollar Visa Card, which will let you pay with US funds and avoid conversion fees.
CIBC has partnered with select retailers to offer credit cards tailored to reward their loyal customers. CIBC’s credit card partnerships include:
The Canadian Imperial Bank of Commerce (CIBC) was founded in 1867 and is one of the leading financial institutions in Canada. In 2014, Bloomberg Markets ranked CIBC as the second strongest bank in North America and 15th strongest in the world. CIBC offers retail and business banking, wealth management and wholesale banking. With headquarters in Toronto, Ontario, and over 1,100 branches around the world, CIBC has over 43,000 employees and serves 11 million clients.