Best CIBC Credit Cards in Canada for 2021

CIBC Aventura Visa Infinite Card
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Details
Annual Fee: $139
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Min Income Requirement: $60000
Why Apply:
  • Lucrative welcome offer
  • Upgraded travel experience
  • Premium travel insurance
  • Mobile device protection
Recommended Credit Score:
670 900
Average to Excellent

The CIBC Aventura Visa Infinite Card is jam-packed with benefits with an alluring starting bonus, NEXUS application rebate, travel and mobile device insurance, and perks that make travelling easier and more comfortable. Plus, with the waived annual fee on the first year, there is no reason not to get this great travelers and rewards card.

  • Lucrative welcome offer -With a special offer of up to 35,000 points and $139 credit, this travel credit card will fast track your travel plans.
  • Upgraded travel experience -Free memberships to Priority Pass airport lounges and the NEXUS program will take your airport experience to the next level. This means that you can skip line ups between the US and Canada and gain access to over 1,200 international airport lounges that commonly feature topnotch perks such as showers, free Wi-Fi and more!
  • Premium travel insurance - Get covered with emergency medical insurance, trip cancellation and bag loss insurance, rental car coverage, and hotel burglary insurance.
  • Mobile device protection - This credit card reimburses you up to $1000 for a mobile device that is lost, stolen or accidentally damaged.

The most noteworthy aspect of CIBC’s Aventura Visa Infinite is that it allows card holders to collect points towards flights. Aventura points can be used for any airline purchase with no black out dates or seat restrictions. Flight choice is basically unlimited!

 

Aventura Visa Infinite card holders can fly in style with four free passes to Priority Pass airport lounges per year and free Nexus passes for four years. Priority Pass lounges come with many perks including free wi-fi, showers and comfortable seating. On the other hand, Nexus passes allow you to skip the lines when crossing the US/Canadian borders. Lastly, card holders benefit from emergency travel and mobile device insurance. This type of insurance covers the cost of baggage loss, medical costs, trip cancellation, mobile device loss or stolen coverage, and rental car cancellation, among other coverage. This is a fantastic credit card for those who want to travel comfortably, with little worries, and earn towards their next flight.

 

Points can be earned on all purchases, but the rate at which points are earned varies slightly. Two Aventura points are earned on every dollar spent on travel through CIBC’s Aventura Rewards Center, one and a half points are earned on every dollar spent on gas, grocery and pharmacy purchases, and one point per dollar spent is earned everywhere else. It’s important to keep these rates in mind to optimize the dollars you spend.

 

All of this comes with a price tag, a $139 annual fee is applicable to obtain this card. In addition, points can only be redeemed through CIBC’s Aventura Rewards Center. This means that card holders can’t redeem their flight benefits through cheaper portals, such as Hotwire or Expedia. Fortunately, the points never expire and can be used for any cost including extra fees and taxes.

 

Another limitation of the Aventura Visa Infinite is the redemption of points isn’t always consistent. The amount of points you can redeem is based on where your flight is going which can fluctuate. Furthermore, you need to finance at least 80% of the flight purchase with your Aventura points or purchase the flight with your own funds. Finally, Aventura points cannot be transferred to other loyalty programs which isn’t favourable.

 

All in all, the Aventura Visa Infinite credit card from CIBC is an excellent choice if you frequently fly and prefer to travel in style. Keep in mind that the benefits of this card have a high cost, but also a high reward. Last, but definitely not least, CIBC is offering a promotional offer of 20,000 Aventura points when you obtain this card and make your first purchase.

CIBC Dividend Visa Infinite Card
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Details
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Min Income Requirement: $60000
Why Apply:
  • Generous earnings on the first months
  • Perfect for families
  • Unlimited cash back at the 1% rate
  • Valuable insurance
  • Travel in style
Recommended Credit Score:
670 900
Average to Excellent

With the CIBC Dividend Visa Infinite Card, the cash back rewards are endless – especially if you use your credit card mostly for gas and groceries. You can earn up to 4% cash back with no limit on the amount you can earn. It’s the best credit card for gas, groceries and family spending.

 

 

  • Generous earnings on the first months – For the first 4 months, this credit card gives you a 4% cash back on all spend. It’s the perfect way to test if this card suits your lifestyle and spending habits.
  • Perfect for families – With 4% regular cash back on gas and grocery purchases, it’s the right credit card for growing families who spend a lot on these key areas.
  • Unlimited cash back at the 1% rate – Fill your pockets with rewards with no limits on the 1% cash back range. And with the cap set at $80,000 for the 4% cash back, this credit card still gives you the best return for your purchases.
  • Valuable insurance – It comes with purchase protection, emergency medical and trip interruption insurance, accident insurance, and more.
  • Travel in style – Experience luxury worldwide travel and hotel benefits when using this credit card.

The CIBC Dividend® Visa Infinite* Card is the perfect card for people who want to get the best possible dividends from their purchases and gas. With this card, you'll get a whopping 4% back on grocery and gas purchases. You'll also get 1% back on everything else.

 

In order to qualify for this card, you need to have a $60k individual income or $100k as a household. You also need to be willing to invest $99 in the annual fee. However, you can quickly recoup your investment by getting the first year for free, plus an astounding 4% cashback on purchases.

 

The 4% cashback is the highest in the Canadian market. You'll never find a card that gives you more than that. What's even better is that there is no limit at how much you can make. Get free medical travel coverage, common accident insurance and loss damage insurance.

 

The CIBC Dividend® Visa Infinite* Card also offers you 24/7 concierge services, exclusive hotel deals and luxury travel benefits. With this card, you can also get personalized discounts and cheques at car rentals and enjoy superior dining experiences anywhere VISA is accepted as a payment method.

CIBC Aventura® Visa Infinite Privilege* Card
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Details
Annual Fee: $499
Purchases Interest Rate: 20.99%
Cash Advance Interest Rate: 22.99%
Min Income Requirement: Not Available
Why Apply:
Recommended Credit Score:
740 900
Excellent


This is the ultimate card when it comes to privileges and perks. If you qualify for it, meaning you earn more than $200k as a household a year, and you are willing to pay the exorbitant $499 fee a year, you can benefit from a whole range of amazing options.

 

First, the CIBC Aventura® Visa Infinite Privilege* Card gives you 60,000 Aventura points if you spend over $3,000 during your first 4 months. Translated to cash, that's over $1,000. Next, you have access to over 1,200 airport lounges worldwide, plus 6 complimentary lounge visits each year.

 

With this card, you can also get through customs faster and gain access to exclusive business class bookings at discounted prices. If you travel a lot, then this card is just excellent for you. You also get up to 3 points on all purchases with this card, for each dollar you spend. Let's not forget about the $200 travel credit each year, 120$ annual fee rebate using SmartPlus, and many other benefits.

 

The CIBC Aventura® Visa Infinite Privilege* comes with a slightly higher interest rate of 20.99% for purchases and 22.99% for cash.

Author Bio

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Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.