CIBC
Earn travel rewards with every purchase, flexible redemption options, and competitive rates. Annual fees from $0 up. Choose a card matching your travel style.
CIBC offers a robust lineup of travel rewards credit cards for Canadians who want to earn valuable points on every purchase. With most cards, you can redeem points for flights, hotels, car rentals, or even statement credits. Interest rates generally hover around 21.99% for purchases and 22.99% for cash advances. Annual fees start at $0 for basic student cards and rise to $599 for luxury cards with exceptional benefits. What you get depends on your choice, but features include airport lounge access, NEXUS fee rebates, and comprehensive insurance.
Steps to Apply for a CIBC Travel Rewards Card
- Determine which travel card fits your needs based on annual fee and rewards.
- Prepare your identification and income information.
- Go to the CIBC credit card application page online or visit a branch.
- Complete the application form with your personal details and submit.
- Wait for approval and receive your CIBC card if accepted.
Pros: Flexible Rewards & Valuable Extras
One standout benefit of CIBC travel rewards cards is the flexibility in redemption. You can use collected points for local or international travel, as well as merchandise and gift cards when not travelling.
Premium cardholders enjoy extras such as airport lounge passes, a NEXUS rebate, and complimentary Visa concierge, elevating the travel experience at home and abroad.
Cons: Fees & Redemption Values
Higher annual fees on privileged cards might deter those not travelling frequently. Redemption for non-travel rewards, such as merchandise, often provides less value than travel options.
Additionally, the standard purchase interest rate is on par with other Canadian cards, so carrying a balance can be costly. Always pay in full to maximize card benefits.
Verdict: Are CIBC Travel Rewards Cards Right for You?
If you’re looking for a travel credit card that adapts to your spending and offers strong flexibility, CIBC cards are a worthwhile consideration. They’re ideal for anyone planning frequent or future travel, especially if you’ll take advantage of the bonus features. Make sure to pick a card that aligns with your budget and travel habits.
