Preloader Image 1 Preloader Image 2

CIBC Select Visa Card Review

Say goodbye to those towering interest rates and greet a new dawn of financial freedom with the CIBC Select Visa!

CIBC Select Visa Card
Source: CIBC Select Visa Card

Shift your burdensome credit card balances to the CIBC Select Visa for a small fee, and revel in the luxury of a remarkable 0% interest rate for nearly twelve months! This offering revolutionizes the game for individuals weary of being ensnared in high-interest debt, presenting a strategic avenue towards economic emancipation.

The CIBC Select Visa transcends the ordinary; it serves as your gateway to significant savings on interest, all while preserving your financial integrity. With its exceptionally manageable interest rate and extraordinary 0% introductory balance rate, this card is the epitome of fiscal prudence, empowering you to retain more of your hard-earned capital in your possession.

CIBC Select Visa Card
CREDIT CARD
CIBC Select Visa
0% interest Purchase protection
Reduce interest payments with a low interest rate credit card.

0% Intro APR

Say goodbye to those pesky high-interest fees and embrace financial freedom with the CIBC Select Visa Card. By transferring your credit card balance, you’ll unlock an incredible offer: revel in a generous 0% interest rate for up to 10 months, all for a mere 1% transfer fee. Yes, you heard that right – say goodbye to balance-related stress for nearly a full year, providing you with the ideal chance to settle your debt hassle-free!

But hold on, there’s more! With the CIBC Select Visa Card, you can transfer up to 50% of your assigned credit limit, granting you added flexibility in managing your finances. Moreover, by ensuring you meet your minimum payments punctually, a balance transfer could yield significant savings on interest in the long haul.

So whether you’re contemplating a home makeover, splurging on furniture, or investing in new appliances, rest assured that you can make those significant purchases confidently. With the option to transfer your balance and relish that remarkable 0% interest rate for a whopping ten months, it’s high time to take charge of your financial well-being and let your money work its magic for you!

CIBC Select Visa Card benefits

Extended warranty

Experience peace of mind with the CIBC Select Visa Card, where Extended Warranty Protection is a standard benefit. This feature provides an added layer of security to your purchases. If you use your card to buy eligible items with a manufacturer’s warranty of five years or less, you’ll receive an extra year of coverage.

Purchase protection

With the CIBC Select Visa Card, shopping becomes a delightful experience, especially with its Purchase Protection feature. Imagine this scenario: you make a purchase using your card, and then, unexpectedly, something goes awry. Not to worry! With Purchase Protection, eligible items purchased with your card are safeguarded against theft or damage for a specified period after the purchase.

More protection

Choose CIBC Emergency Travel Medical Insurance for coverage against unforeseen medical expenses during your travels. Additionally, consider CIBC Payment Protector Insurance to alleviate credit card payments if you’re unable to work due to disability, involuntary unemployment, or critical illness or death situations.

Gas discounts

Prepare to amplify your savings with the CIBC Select Visa Card and Journie Rewards! By connecting your card with Journie Rewards, you can unlock discounts of up to 10 cents per litre at select Pioneer, Fas Gas, Ultramar, and Chevron gas stations.

Free secondary cards

Enhance your financial management with the CIBC Select Visa Card by including up to three complimentary secondary cards on your account. With each secondary cardholder receiving identical benefits and privileges as the primary cardholder, you can streamline your financial affairs and rest assured that everyone has convenient access to the funds they require, precisely when they need them.

Car rental discount

Prepare for your next journey with the CIBC Select Visa Card! Enjoy substantial savings of up to 25% when you rent a car at participating Avis and Budget locations across Canada and the US using your card. Whether you’re planning a cross-country road trip or just need wheels for a weekend getaway, this perk makes car rentals more affordable than ever before.

First annual fee waiver

Unlock exclusive savings with the CIBC Select Visa Card: enjoy your first year with no annual fee, saving you money from the start. Even after that, the annual fee is a minimal $29, ensuring you continue to enjoy the card’s benefits without straining your finances. With this card, you can access all its perks and rewards while keeping your costs low.

Who can apply?

CIBC Select Visa Card
Source: CIBC Select Visa Card

To be eligible for the CIBC Select Visa Card, just fulfill these straightforward conditions:

  • Live in Canada.
  • Attain the age of majority in your province.
  • Maintain a minimum annual household income of $15,000.
  • Possess a credit score exceeding 640.

If you meet these criteria, you’re primed to relish the advantages of the CIBC Select Visa Card. Don’t delay – apply now and commence reaping the rewards of prudent spending!

How to apply?

Applying for a CIBC Select Visa Card is easier than you think:

  1. Go to the CIBC website and look for CIBC Select Visa Card 
  2. Click on Apply Now
  3. Read Terms and Conditions
  4. Fill your personal and financial details
  5. Submit your application

Frequently asked questions

What are the interest rates on the CIBC Select Visa Card?

With the CIBC Select Visa Card, you’ll enjoy straightforward and competitive interest rates across the board:

  • Interest rate on purchases: 13.99%
  • Interest rate on balance transfers: 13.99%
  • Interest rate on cash advances: 13.99%

What are the income requirements to qualify for the CIBC Select Visa Card?

To be eligible for the CIBC Select Visa Card, you need to meet a minimum annual household income requirement of at least $15,000. 

How can I increase my credit limit?

If you are eligible, you can request a credit limit increase online, on the other hand, you can do it by calling the number located on the back of your credit card.

What is the credit limit?

Your credit limit will likely be based on your creditworthiness.

CIBC Select Visa Card
CREDIT CARD
CIBC Select Visa
0% interest Purchase protection
Reduce interest payments with a low interest rate credit card.

A credit card expert, she utilizes her expertise to create informative content on credit cards, empowering others with financial knowledge.