CIBC Aventura Visa Card for Students review

The CIBC Aventura Visa Card for Students offers a decent return on travel rewards with no annual fee. Get up to 2,500 bonus Aventura Points when you sign up and complete a series of simple tasks. This card also comes with a free SPC membership, purchase protection, car rental insurance and a generous welcome offer.

30-second take

• Think about this card if you want flexible rewards and no annual fee.

• Choose something else if you want low interest rates and cashback.

• There are no minimum income requirements to qualify for this card.

The basics

If you’re looking for a low-cost travel card that’s tailored to meet your needs as a student, then you might benefit from the CIBC Aventura Visa Card for Students.

• No annual fee. Earn flexible rewards and benefits for no annual fee.
• More points for daily purchases. Get 1 Aventura Point for every $1 you spend on gas, groceries and other daily essentials, and 1 Point for every $2 you spend on everything else.
• Welcome offer. Get up to 2,500 bonus Aventura Points when you sign up and complete a series of simple tasks.
• Flexible rewards. Use your points to pay for travel expenses like flights and hotels or other rewards like merchandise and gift cards.
• Free SPC membership. Get a free Student Price Card and save money with 450 partner brands.
• Purchase assurance. Relax knowing that your purchases are insured against loss, theft or damage for 90 days
  after you buy them.
• Extended warranty. Extend your warranty by one year for all eligible purchases you make with your card.

The perks

• Common carrier insurance. You’ll be insured for up to $100,000 every time you travel by plane, ferry, train or bus.
• Car rental insurance. Get complimentary collision and damage insurance when you pay for a car rental on your card.
• Optional payment protection. Pay an extra fee to cover your credit card payments in the event that you lose your job or get injured and can no longer work.
• Fraud alerts. Get notified quickly about unauthorized use of your credit card with custom email and online alerts.
• Free additional cards. Order up to three additional cards at no extra cost.
• Tap and pay. Add your card to Apple Pay, Samsung Pay or Google Pay for quick and easy payments.
• Enhanced security. Enjoy safe payments with encrypted chip-enabled cards and Visa Checkout services for online payments.

What to watch out for

• Interest rates. You’ll pay an industry standard 20.99% interest on your outstanding balances and 22.99% (21.99% for Quebec residents) interest on cash advances and balance transfers.
• No cash back. You won’t be able to exchange your points for cash in hand.
• Strict criteria for welcome bonus. You’ll need to meet certain criteria to be eligible for a part of your welcome bonus.
• Limited benefits. You won’t get extra benefits like extended travel medical, mobile phone insurance or roadside assistance with this card.

CIBC Aventura Visa Card for Students interest rates

What criteria do I need to fill to get my welcome bonus?

If you want to collect your bonus Aventura Points when you sign up, you have to complete a laundry list of activities in your first 60 days. Each task is worth 500 points.

• Share your email address with CIBC
• Sign up for eStatements for your card
• Add an authorized user to your card
• Hold any eligible CIBC Chequing Account
• Add your Aventura Visa card to Apple, Samsung or Google Pay

What should I know before I apply?

• Eligibility requirements

  To apply for a CIBC Aventura Visa Card for Students, you need to meet the following criteria:

  • Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces)

• Required documents and information

  • Your name, residential status and contact information
  • Your social insurance number (SIN) and date of birth
  • Your email address and phone number

How to apply

1. Head to the CIBC website to begin your application.
2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
3. Review and submit your application.

Bottom line

If you’re a student who enjoys earning discounts on travel and other purchases, the CIBC Aventura Visa Card for Students could be a good fit for you. This card gives you a higher return on points for daily purchases like gas and groceries, and comes with a free SPC membership, flexible rewards and decent benefits.

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Frequently asked questions about the CIBC Aventura Visa Card for Students

• Does the CIBC Aventura Visa Card for Students have a welcome bonus?

  Get up to 2,500 bonus Aventura Points when you sign up and complete a series of simple tasks.

• Are there restrictions on redeeming points for travel?

  No. The best thing about Aventura Points is that you can use them to pay for flights on just about any airline with no blackout periods. Your points will also never expire as long as you keep your account active and in good standing.

• What else can I redeem my points for?

  You can redeem your points for just about anything you can think of. This includes travel rewards such as hotel stays, vacation packages and cruises as well as other rewards such as merchandise, gift cards and one-of-a-kind activities.

• What can I get with my free SPC membership?

  You can get special discounts on over 450 brands as well as exclusive giveaways and events. This card has a $10 value, but you’ll get it for free when you sign up for the CIBC Aventura Visa Card for Students.

• Does CIBC offer other student cards?

  Yes. You can check out the CIBC Aero Platinum Visa Card for Students if you’re looking to earn Aeroplan Miles instead of Aventura Points. You can also apply for the CIBC Dividend Visa Card for Students if you’d prefer a cashback card.

• Can I apply online?

  Yes, you can apply by visiting the CIBC bank website.