The Canadian Imperial Bank of Commerce (CIBC) offers a range of credit cards from cash back rewards cards to business and student cards. Rewards including points per dollar spent, low interest rates, zero annual fees, complimentary perks and more.
Our guide covers the different types of offered, as well as the features and benefits of all those cards. We walk through different types of CIBC credit cards including eligibility requirements and how to apply. We also answer some of the most commonly asked questions about CIBC credit cards.
The best CIBC credit cards in Canada
- CIBC Dividend Visa Infinite Card: Best CIBC credit card for cash back
- CIBC Dividend Visa Card Best no-fee CIBC credit card for cash back
- CIBC Aventura Visa Infinite Card Best CIBC Aventura credit card
- CIBC Aeroplan Visa Card Best no-fee CIBC Aeroplan credit card
- CIBC Select Visa Best low interest and balance transfer CIBC credit card
Best for cash back:
CIBC Dividend Visa Infinite Card
Min. credit score
Annual fee
Cash back
Welcome offer
- Earn rewards. Earn 4% cash back on gas and grocery purchases, 2% cash back on transportation, dining and recurring payments and 1% cash back on everything else. There's no limit on the total cash back you can earn.
- Special offer. Get the first-year annual fee rebate for you and up to 3 authorized users and earn 10% cash back for the first 4 statements on net purchases of up to $2,000.
- Travel coverage. Insure your trip with up to $500,000 coverage when you travel by plane, ferry, train or bus.
- Annual fee. This card has an annual fee of $120.
- Currency conversion. This card has a foreign transaction fee of 2.5%. This will apply on any overseas purchases or any purchases made online with an international retailer.
- Minimum income requirement. You'll need to earn a personal income of at least $60,000, or a combined household income of at least $100,000 annually to apply.
Annual Fee | $0 intro annual fee for the first year ($120 thereafter) |
---|---|
Purchase APR | 20.99% |
Cash Advance Rate | 22.99% (21.99% for Quebec residents) |
Balance transfer APR | 22.99% |
Welcome offer | Get the first-year annual fee rebate for you and up to 3 authorized users and earn 10% cash back for the first 4 statements on net purchases of up to $2,000. |
Rewards | Earn 4% cash back on gas and grocery purchases, 2% cash back on transportation, dining and recurring payments and 1% cash back on everything else. There's no limit on the total cash back you can earn. |
Best no-fee cash back card:
CIBC Dividend Visa Card
Min. credit score
Annual fee
Cash back
Welcome offer
- Earn rewards. Earn 2% cash back on groceries, 1 % on gas, transportation, dining and recurring payments, and up to 0.5% on everything else
- Travel coverage. Get coverage up to $100,000 when you travel by plane, ferry, train or bus.
- Annual fee. This card has an annual fee of $0.
- Currency conversion. This card has a foreign transaction fee of 2.5%. This will apply on any overseas purchases or any purchases made online with an international retailer.
Annual Fee | $0 |
---|---|
Purchase APR | 20.99% |
Cash Advance Rate | 22.99% (21.99% for Quebec residents) |
Balance transfer APR | 22.99% |
Welcome offer | N/A |
Rewards | Earn 2% cash back on groceries, 1 % on gas, transportation, dining and recurring payments, and up to 0.5% on everything else |
Best Aventura credit card:
CIBC Aventura Visa Infinite Card
Min. credit score
Annual fee
Points
Points welcome offer
- Earn rewards. Earn 1.5 points for every $1 you spend on daily purchases like gas and groceries, 2 points on travel purchased through the CIBC Rewards Centre and 1 point on everything else.
- Special offer. Earn up to 35,000 Aventura Points (up to $800 in travel value). Get 20,000 Aventura Points when you make your first purchase. Plus, in the first year, you can earn an additional 1,250 Aventura Points each monthly when you spend at least $1,000. That’s a total of up to 15,000 points. Also, get a rebate on the first year annual fee.
- Travel coverage. Insure your trip with up to $500,000 coverage when you travel by plane, ferry, train or bus. You'll get coverage for travel accidents, lost/stolen/damaged baggage, car rental theft and damage, flight delays, hotel burglaries, mobile devices, Purchase Security and Extended Protection Insurance..
- Travel perks. Get access to 1,300+ airport lounges with a Priority Pass Membership and 4 complimentary airport lounge visits per year. Plus, get a NEXUS application fee rebate.
- Annual fee. This card has an annual fee of $139.
- Currency conversion. This card has a foreign transaction fee of 2.5%.
- Minimum income requirement. You'll need to earn a personal income of at least $60,000, or a combined household income of at least $100,000 annually to apply.
Annual Fee | $0 intro annual fee for the first year ($139 thereafter) |
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Purchase APR | 20.99% |
Cash Advance Rate | 22.99% (21.99% for Quebec residents) |
Balance transfer APR | 22.99% |
Welcome offer | Earn up to 35,000 Aventura Points (up to $800 in travel value). Get 20,000 Aventura Points when you make your first purchase. Plus, in the first year, you can earn an additional 1,250 Aventura Points each monthly when you spend at least $1,000. That’s a total of up to 15,000 points. Also, get a rebate on the first year annual fee. |
Rewards | Earn 1.5 points for every $1 you spend on daily purchases like gas and groceries, 2 points on travel purchased through the CIBC Rewards Centre and 1 point on everything else. |
Best no-fee Aeroplan credit card:
CIBC Aeroplan Visa Card
Min. credit score
Annual fee
Points
Points welcome offer
- Annual fee. This card has a $0 annual fee.
- Earn rewards. Earn 1 Aeroplan point for every dollar spent on gas and groceries as well as on Air Canada and Air Canada Vacations purchases. Earn 1 Aeroplan point for every $1.50 spent on everything else.. Earn points twice when you spend with Aeroplan partners or shop with retailers in Aeroplan’s online eStore.
- Special offer. Snag 10,000 Aeroplan points when you sign up and make your first purchase.
- Travel coverage. You'll get car rental collision or damage coverage and common carrier accident insurance.
- Travel perks. Primary cardholders can often book their flight rewards using even fewer points. Plus, there are no additional airline surcharges on flight rewards with Air Canada.
- Earn less rewards. You won't collect as many points with this card as you will with more premium cards that come with an annual fee.
- Currency conversion. This card has a foreign transaction fee of 2.5%.
- Less travel coverage. This card doesn't come with comprehensive travel insurance such as travel medical or trip interruption/cancellation insurance.
Annual Fee | $0 |
---|---|
Purchase APR | 20.99% |
Cash Advance Rate | 22.99% (21.99% for Quebec residents) |
Balance transfer APR | 22.99% |
Welcome offer | Snag 10,000 Aeroplan points when you sign up and make your first purchase. |
Rewards | Earn 1 Aeroplan point for every dollar spent on gas and groceries as well as on Air Canada and Air Canada Vacations purchases. Earn 1 Aeroplan point for every $1.50 spent on everything else. |
Best low interest and balance transfer card:
CIBC Select Visa
Min. credit score
Annual fee
0% intro transfer APR
Rewards
- Low purchase interest rate. The CIBC Select Visa comes with a low purchase interest rate of only 13.99%.
- Balance transfer offer. This card comes with a balance transfer rate of 0% for 10 months.
- Travel coverage. Get $100,000 Common Carrier Accident Insurance. Pay an additional fee to get travel medical insurance or payment protection added to your plan.
- Travel perk. Save up to 25% at participating Avis and Budget locations in Canada and the US when you pay for your rental with your CIBC Select Visa
- Balance transfer fee. This card has an balance transfer fee of 1%.
- Currency conversion. This card has a foreign transaction fee of 2.5%. This will apply on any overseas purchases or any purchases made online with an international retailer.
Annual fee | $0 intro annual fee for the first year ($29 thereafter) |
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Purchase APR | 13.99% |
Balance transfer APR | 0% intro for the first 10 months (then 13.99% ) |
Balance transfer fee | $40 or 1% of the transaction, whichever is greater |
Rewards | N/A |
Types of CIBC credit cards available
CIBC offers a wide range of credit cards, including zero annual fee and low interest cards, travel and cash back cards, student cards and business cards. There are also premium credit cards, including Visa Infinite cards, that offer more benefits and complimentary extras, such as travel insurance, free travel booking and trip planning services, bonus welcome points and more points earning potential. Here’s a summary of the main types of CIBC credit cards you can choose from:- Low interest credit cards
- Travel rewards credit cards
- No annual fee credit cards
- Cash back credit cards
Depending on the card you choose, you can earn cash back on gas or groceries. These cards typically come with zero or low annual fees and complimentary insurances including purchase security, extended protection, common carrier accident insurance, auto rental collision and loss damage insurance.
- Student credit cards
- Business credit cards
- US Dollar credit cards
- Costco card
The benefits of banking with CIBC
Some of the features you can enjoy when you get a CIBC credit card include:
CIBC rewards
With a CIBC credit card, you typically earn 1 point per $1-$2 spent. You can use your points to pay back your credit card balance or spend the points on merchandise through the online CIBC store. You can also earn Aeroplan points , which you can redeem for money off.
CIBC internet and mobile banking
If you have a CIBC credit card, you can access your account, including any debit or investment accounts, through CIBC Online Banking. Furthermore, you can download the CIBC app for your smartphone and access your accounts via your phone. This means you can manage your account, pay bills, send transfers to other accounts in Canada and overseas, request a credit limit increase or apply for another CIBC product at any time online or via the mobile app.
CIBC credit card complimentary extras
Many CIBC credit cards come with complimentary extras like purchase security, extended protection, common carrier accident insurance, auto rental collision and loss damage insurance. Some of the premium cards, including Visa Infinite credit cards, come with additional complimentary extras which may include travel insurance, concierge services, airport lounge access, free travel and trip booking services, vouchers, luxury travel benefits and other extensive insurance coverage.
CIBC credit card security
How to apply for a CIBC credit card
Before you get started on your application, ensure that you meet the eligibility requirements for the specific credit card that you want to apply for. It’s best if you have all of the necessary documents and details ready in order to complete your application easily. Eligibility requirements typically vary between credit cards but generally include the following:
Eligibility requirements
- How old are you? You should be at least 18 years old to apply for your own credit card.
- What’s your Canadian residency status? You usually need to be a Canadian citizen or a permanent resident of Canada to apply for a Canadian credit card.
- What’s your credit history like? Ideally, you should have a good to excellent credit score and no recent evidence of defaults or bankruptcy. Some cards will accept fair to poor credit, however check with the provider on the specific card before you apply if you have less than good credit. A good credit score in Canada is typically 650 or higher.
Information you’ll need for your application
If you meet the eligibility requirements for the credit card you wish to apply for, you can proceed with your application by supplying the following information:
- Personal information. You’ll need to provide personal information such as your address and your contact information. You’ll also need to verify your identity by providing an accepted form of identification, such as your driver’s licence number or passport number.
- Financial information. You must state your current employment status, including your employer’s contact details, and list any other income and assets such as shares or property. If you’re self-employed, you may need to provide documentation related to your expenses and liabilities, and include your accountant’s contact information.
Compare other credit cards
Frequently asked questions about CIBC credit cards
We’ve curated a list of the most commonly asked questions about CIBC credit cards. If you can’t find the answer to your question here, or if you’d like to leave us some feedback, get in touch with us using the form at the bottom of this page.
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