CIBC
Unlock valuable travel points with CIBC. Earn 1-3 points per $1, flexible redemption, annual fees $0-$599, and key travel perks including lounge access and insurance.
The CIBC Travel Rewards Credit Card range is designed for Canadians aiming to maximize travel rewards and perks. With competitive earn rates, cardholders collect points on every purchase and enjoy flexibility when redeeming for flights, hotels, vacation packages, or even merchandise. Key cards include Aventura and Aeroplan options, catering to both personal and business needs.
Annual fees start as low as $0 and top out at $599 for premium options. Interest rates generally sit at 21.99% for purchases and up to 22.99% for cash advances. Feature-rich, these cards often include extras such as lounge access, NEXUS fee rebates, and comprehensive insurance – especially at higher tiers. Applicants will need to meet eligibility criteria, like creditworthiness and, in some cases, minimum personal income requirements.
How to Apply for a CIBC Travel Credit Card
Applying for a CIBC travel rewards card involves just a few intuitive steps. First, review the selection to identify the card matching your travel style and spending habits. Gather details such as your personal information, employment status, and financial data.
Proceed to the online application page for your chosen card. Complete the application form accurately. Submit and expect a nearly instant decision in many cases. If approved, your card will be mailed with full instructions on activation. Customer service is available for guidance if needed.
Highlights and Advantages
CIBC’s travel cards shine for those seeking robust rewards and everyday flexibility. You earn rewards on every purchase, with extra points on travel, gas, and groceries depending on the card tier. Perks like airport lounge access and NEXUS fee rebates add strong value for frequent travellers. The redemption programs are user-friendly, allowing points to be spent on travel or other rewards.
Downsides to Consider
As with many reward cards, higher-tier CIBC options have sizeable annual fees that may not be worthwhile for infrequent travellers. Interest rates are fairly standard for Canadian cards, but overdue balances accrue significant fees. Some travel perks are only accessible at premium card tiers.
Verdict
CIBC Travel Rewards Credit Cards deliver on value for the right user – especially frequent flyers or those seeking maximum points on travel expenses. We recommend carefully matching your card choice to your spending to make the most of the perks and rewards offered.
