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Best CIBC Credit Cards in Canada

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CIBC is one of Canada’s biggest banks, offering customers a wide range of credit card options. This means there’s something for everyone, but with so much choice finding the right card for you might seem daunting.

Whether you’re a student looking for an entry level credit card, or a frequent flyer looking to collect Aeroplan points, CIBC has several options for you to consider. And we’ve reviewed the best CIBC credit cards to help you narrow down your search.

Best CIBC Credit Cards of 2023

CIBC Aventura® Visa* Card

CIBC Aventura® Visa* Card

  • Welcome Offer 15,000 Aventura Points on your first purchase, and up to 20,000 additional points when you spend $1,000 or more in the first 4 statement periods.
  • Annual Fee $139 (first year waived)
  • Interest Rates Purchases: 20.99%, Cash Advances: 22.99% (21.99% in Quebec)
  • Recommended Credit Score 660+

One of CIBC’s most popular no-fee cards is the Aventura Visa. Considering this card has no annual fee, its rewards are impressive. You can earn more than 16,000 Aventura points per year if you meet the $2,000 monthly spending threshold across eligible purchase categories.

However, according to the fine print, you’ll only earn the top tier points on net purchases up to $6,000 per year.

The CIBC AC Conversion Card is a prepaid, no-fee card designed for multi-currency use. For those looking for a multi-currency card with low fees and no risk of incurring debt, it’s a great option.

This card allows you to load up to 10 currencies at once, meaning you won’t have to worry about exchange rate fluctuations while you travel. You can also earn 1% cash back on all purchases. However, this offer is temporary and expires on October 31, 2023.

CIBC Dividend Visa Infinite Card

CIBC Dividend Visa Infinite Card

  • 4% Cash back on eligible gas, electric vehicle charging, and grocery purchases
  • 2% Cash back on transportation, dining, and recurring payments
  • 1% Cash back on all other purchases

  • Welcome Offer First-year annual fee rebate for you and up to three authorized users.
  • Annual Rewards $558 Learn how we calculate this.
  • Annual Fee $120
  • Minimum Income Required $60,000 individual or $100,000 household annual income.

This CIBC Visa is one of the most popular CIBC credit cards, primarily because of its rewards program. It boasts a competitive 4% cash back rate on eligible purchases, such as gas and groceries.

There’s also 2% cash back on transportation, dining, and recurring payments. What’s more is that the spending cap for both 4% and 2% cash back rewards is high, at $80,000 dollars per year. For cash back on everyday spending, this card is a strong performer.

CIBC Aeroplan® Visa Infinite* Card

CIBC Aeroplan® Visa Infinite* Card

  • Welcome Offer Up to 50,000 Aeroplan points
  • Annual Fee $139
  • Interest Rates Purchases: 20.99% Cash Advances: 22.99%
  • Annual Fee 760 - 900

The majority of value from this Aeroplan card comes from the travel benefits. You can get free checked bags, and you’ll also have more opportunities to reach Aeroplan Elite Status.

For those travelling frequently with Air Canada, this card comes with a healthy rewards structure as well as good insurance coverage.

CIBC Costco Mastercard Image

CIBC Costco Mastercard

Rated 3/5 stars.

Our Review
  • 3% Earn 3% back at participating restaurants and Costco Gas purchases.
  • 2% Earn 2% back on Costco.ca and non-Costco gas purchases.
  • 1% Earn 1% back on all in-store Costco items and all other purchases.

With a lower interest rate on purchases and cash, as well as up to 3% cash back on restaurants and Costco-branded gas stations, this is a strong rewards card with no annual fee.

If you’re a regular at Costco and a customer of CIBC, this card has a lot of positives. Keep in mind that cash back rewards are issued in the form of a single annual Costco voucher.

CIBC Select Visa

CIBC Select Visa Card

Rated 3.6/5 stars.

Our Review

The CIBC Select Visa card is one of the best low-interest cards available in Canada. It comes with a very competitive balance transfer offer, making it one of the best balance transfer cards in Canada.

The interest rate is competitive, at 13.99% for both purchases and cash advances. In addition, the low $29 annual fee is rebated for the first year.

CIBC Aventura® Visa* Card for Students

CIBC Aventura® Visa* Card for Students

  • Welcome Offer Up to 2,500 Aventura points
  • Annual Fee $0
  • Interest Rates Purchases: 20.99% Cash Advances: 22.99%
  • Recommended Credit Score 300 - 599

This card offers students the chance to reap CIBC credit card benefits without the worry of fees. For students looking to snag credit card travel rewards, it’s a fantastic option. The welcome offer of up to 2,500 Aventura points can be easily collected, and you can earn rewards points for both specific and general eligible purchases.

Benefits of CIBC credit cards

  • Variety of credit cards to choose from

  • Access to Aeroplan rewards program

  • Strong rewards and insurance coverage on premium cards

Drawbacks to CIBC credit cards

  • Little network choice with only one MasterCard option

  • Income requirements for all premium cards

  • No-fee cards are less competitive

Is a CIBC credit card right for me?

CIBC offers a wide range of credit cards, making it likely that you’ll find one that fits your needs. Some of its credit cards are among the best available in Canada, so depending on your circumstances, a CIBC credit card could well be the best choice.

As always, take your time to consider your own needs and compare details, such as interest rates, fees, rewards programs, and benefits.

How to apply for a CIBC credit card

Application for a CIBC Credit Card is straightforward. You can go online and apply for your chosen card, which in most cases will take no more than five minutes. Approval for most cards is fast.

Frequently asked questions

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