What Makes Credit Cards from CIBC Special? All Top Options for You!
Choosing a credit card is a smart move toward wealth management. However, a bad credit score can be a financial nightmare!
Many banks in Canada flood the market with credit cards that have higher interest rates and unfavorable credit terms.
But imagine having a credit card offering lower interest rates, cashback rewards, and exclusive discounts. While it may seem improbable, the credit cards from CIBC make it a reality.
As a trusted name in North American finance, CIBC (Canadian Imperial Bank of Commerce) has impressive revenue and net income figures, totaling $23 billion and $5 billion respectively. Serving over 14 million clients, CIBC takes pride in offering a diversified range of credit card solutions.
This post aims to highlight what makes CIBC credit cards stand out and present top options designed to meet your requirements.
What are the Types of Credit Cards from CIBC?
CIBC understands that one size doesn’t fit all.
So, there are a variety of credit cards from CIBC that cater to different types of individuals.
Let’s take a look at them!
What Makes Credit Cards from CIBC Stand Out?
Among the plethora of options in Canada, credit cards from CIBC are unique because of their array of exceptional benefits and features.
Let’s explore some of them!
- ‘CIBC Pace It’: For Large/Unplanned Purchases
Unexpected expenses and ambitious purchasing can make it hard for individuals to take command of their finances. In such cases, ‘CIBC Pace It’, a low-interest installment program, emerges as a powerful tool. It’s one of the most beneficial features of credit cards from CIBC.
As the interest rates are lower, it bids farewell to the worries of high-interest debt. Through the 3 installment options (6, 12, and 24 months) available for Canadian residents, the program also spreads the costs over time. All such aspects make the monthly payments of users aligned and within their budgets.
Moreover, flexibility is the cornerstone of ‘CIBC Pace It’. In only 3 simple steps, you can create multiple installment plans online. There is no need for additional credit as these installments are created within the credit limit. While enjoying these flexibilities, you can also continue to earn rewards on all eligible purchases.
- Exciting Travel Benefits
The credit cards from CIBC also offer various travel benefits, such as Aventura points. So, if you are a jet-setter or globetrotter, then these cards can help you to have a journey to your dreamland. They work by turning your everyday spending into rewards and points. These rewards can be redeemed and spent on traveling costs, like flight tickets, access to airport lounges, insurance coverage, and more.
The number of Aventura points needed for flight redemption majorly depends on factors like airline, destination, booking time, type of service, and more. You can use the online ‘Flight Finder’ tool on the official website of CIBC to learn about your redeemable flights.
Here’s a table showcasing the ‘Aventura Flight Rewards Chart’!
| Destination | Aventura Points Required | Maximum Ticket Price |
| Canada & U.S. (Short-Haul) | 10,000 to 20,000 | $400 |
| Canada & U.S. (Long-Haul) | 25,000 to 35,000 | $800 |
| Mexico, Alaska, Hawaii, Central America, Caribbean | 40,000 to 60,000 | $1,000 |
| Europe | 50,000 to 70,000 | $1,300 |
| Rest of the World | 75,000 to 125,000 | $2,000 |
- Journie Rewards
If your credit card from CIBC is linked to Journie, then you can enjoy savings of up to 10 cents per liter on gas purchases. Simply fill up at participating Fas Gas, Pioneer, Ultramar, and Chevron stations. This will instantly save you 3 cents per liter.
But wait, there’s more!
You can also save an additional 7 cents per liter every time you earn 300 Journie points.
Not only does Journie rewards help you save on fuel costs, but it also promotes a new way of reducing carbon footprints. When you choose any of the free carbon offsets mentioned above, your rewards will allow you to avoid emissions from a 45-liter fuel purchase. So, you not only save money at the stations but also take a responsible step towards environmental sustainability.
Another standout feature of the ‘Journie’ reward is its flexibility. You can control when and how you can utilize your gas discounts. You can either stack your savings for a full tank or dine with your partner with refreshing drinks and snacks. It also has an option to earn 2 points for every dollar spent on in-store purchases.
- Easy Online Management
Managing finances should be a click or tap away in today’s fast-forwarding world. Thankfully, credit cards from CIBC can be managed easily through ‘CIBC Online Banking’ and ‘CIBC Mobile Banking App’. They both have powerful features that assist customers in managing their credit cards.
In case your card is misplaced, you can temporarily lock it to avoid any fraudulent activity with just a few taps. And once you find your card, you can simply unlock it and continue using it as before.
In case your card was damaged and stolen, you can take immediate action by signing in to your CIBC account through these apps. After receiving a new or replacement card, you can also activate it with a few simple steps.
Another important feature of these apps is that they display your real-time transactions and account balance. You can also keep track of your spending, make transactions, and pay bills with just a few clicks. Moreover, they keep you informed about currency exchange fees for making informed financial decisions while traveling.
All such features help users to easily manage their accounts, expenses, and budgets on a single platform.
- Cashback Rewards and No Annual Fee Options
Every time you use your CIBC credit card, you earn cashback rewards.
Let’s take an example of CIBC’s Dividend Cashback card!
Once your cash-back balance reaches $25, you can redeem it anytime. Alternatively, you can choose to wait and receive your cashback as an annual credit on your January statement. You can also enjoy the option of zero annual fees under these cards. The most obvious advantage of it is the opportunity to save money.
As you need not pay unnecessary expenses, you can keep your hard-earned cash in your pocket. Moreover, such cards are also helpful for building your credit history and purchasing behaviors.
What are the Top Options of Credit Cards from CIBC?
The best options for credit cards from CIBC may vary due to individual preferences and needs. However, we‘ve picked up some popular choices based on lower annual fees and higher rewards.
| Sl. No. | Credit Card Name | Annual Fee | Purchase Interest Rate | Cash Interest Rate |
| 1. | CIBC Bizline Visa Card | $0 | 1.5% | 1.5% |
| 2. | CIBC Corporate Classic Plus Visa Card | $20 | 19.99% | 22.99% |
| 3. | CIBC Select Visa Card | $29 | 13.99% | 13.99% |
| 4. | CIBC Costco Business Mastercard | $0 | 20.75% | For Quebec Residents: 21.99% For Non-Quebec Residents: 22.49% |
| 5. | CIBC Aventura Visa Infinite Privilege Card | $499 | 20.99% | For Non-Quebec Residents: 22.99% For Quebec Residents: 21.99% |
Conclusion: The Unique Appeal of Credit Cards from CIBC
To sum up, CIBC credit cards offer a host of benefits that make them fall under the special category. Whether you’re seeking rewards, convenience, or financial flexibility, these cards ensure that they meet your unique needs.
From high-end features like ‘CIBC Pace It’ to exciting Aventura programs, cardholders can enjoy unparalleled benefits. Moreover, the company’s seamless digital banking experiences set a standard for the cards and help users manage and track their expenses.
In essence, what makes credit cards from CIBC truly special is their dedication to providing financial empowerment to cardholders. With the endless possibilities these cards have, one can unlock new pathways of their financial journey!
