CIBC Select Visa Card Review
Transfer your balance and get 0% interest for up to 10 months with a 1% transfer fee.
Recommended Credit Score:
670 900
Average to Excellent
$0
Welcome Bonus Value
$0
Annual Fee
13.99%
Purchase Interest Rate
$15,000
Min Personal Required
CIBC Select Visa Card
My Rate Compass Rating: star star star_outline star_outline star_outline (2)
Bank Name:CIBC
Network Type:VISA
CIBC Select Visa Card
Welcome Bonus
Transfer your balance and get 0% interest for up to 10 months with a 1% transfer fee.
Annual Fee
$0
CIBC Select Visa Card
Card Details

CIBC Select Visa* Card review


Stay on budget

Enjoy a low annual fee.

Passenger protection

Get accident coverage with Common Carrier Accident Insurance

Consolidate and save

Transfer balances to this card to reduce interest charges

Insurance
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance NO
  • Flight delay insurance,Baggage Insurance No
  • Vehicule rental insurance No
  • Travel accident insurance Yes
  • Travel medical insurance Yes
Fees and Eligibility
Fees
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 13.99%
  • Cash Advance Interest Rate: 13.99%
Eligibility
Personal Income Required: $15000
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star_outline star_outline star_outline (2)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons
Editor's Review

The Select Visa card from CIBC is a unique type of card specially designed to enable Canadians to reduce their interest rates. Basically, this card is perfect for people who want to consolidate their debt and save more money in the long run.

 

The CIBC Select Visa* Card offers you just a 13.99% interest rate on cash advances, purchases, and balance transfers. Basically, you'll be able to save around 6% and 9% in the interest rate and improve your credit score.

 

The only requirement to access this card is to have an income of over $15k a year as a household. The annual fee is $29, but you can get a first-year fee rebate thanks to the welcome offer.

 

This card also comes with accident coverage, passenger protection, and up to 3 free cards. You can basically transfer your balance to this card and benefit from lower interest. Optionally, you can get payment protector services and emergency travel insurance.

 

The CIBC Select Visa* Card is the perfect way to consolidate debt, pay lower interest, and save money in the long run.