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 $139 annual fee
- Earn rewards
1pt – 2pts / dollar earn rate
- Welcome bonus
45,000 bonus points (a $450 value)
- Annual fee
$139
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%
Best cash back CIBC credit card
Best for Groceries & gas
based on spending $2,200/mo after $120 annual fee
- Earn rewards
1% – 4% earn rate
- Welcome bonus
$250
- Annual fee
$120
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
Eligibility requirements
Minimum credit score: 725
Minimum income: $60,000/yr
Interest rates
Purchase interest: 20.99%
Cash advance: 22.99%
Best balance transfer CIBC credit card
for the first 10 months. 13.99% after promo.
- 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
$29
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
Eligibility requirements
Minimum credit score: 660
Minimum income: $15,000/yr
Interest rates
Purchase interest: 13.99%
Cash advance: 13.99%
Best no annual fee CIBC credit card
Best for Everyday spending
based on spending $2,200/mo after $0 annual fee
- Earn rewards
0.5pts – 1pt / dollar earn rate
- Welcome bonus
10,000 bonus points (a $100 value)
- Annual fee
$0
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 can prove to be a great travel companion. Just because there is no annual fee, it doesn’t mean the card offers little to no rewards. With this card, you can earn great rewards for gas, groceries, and travel through the CIBC Rewards Centres.
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 card
- Fuel saving 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
Eligibility requirements
Minimum credit score: 660
Minimum income: $15,000/yr
Interest rates
Purchase interest: 20.99%
Cash advance: 22.99%
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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