CIBC Aventura® Visa Card: interest rates, available limits, cashback, and bonuses. Complete terms and conditions for obtaining a credit card. Application and issuance process online or at a bank branch. Key features.
20.99
APR for Shopping
from 640
Credit Score
up to 10000
Welcome Bonus
Product Details
Cash back
Gas
1 point
Purchases
1 point
APR
APR for Cash Advances
22.99
APR for Balance Transfers
22.99
APR
20.99 - 22.99
General Info
Required documents
ID, Proof of income, Proof of residence Aventura points
Welcome Bonus
up to 10000
Fees
Cash Advances
5 - 7.50
Annual Fee
0 $
Foreign Transactions
2.5
Late Payment
25.99 - 27.99
Returned Payment
42.50
The CIBC Aventura® Visa Card is a travel-centric credit card offering a plethora of benefits to its users. With this card, you earn rewards with every purchase, accruing points that can be redeemed for various rewards, particularly focused on travel perks. Whether you're booking flights, hotels, car rentals, or other travel-related expenses, this card lets you earn points effortlessly. Additionally, everyday spending can also contribute to your points balance, making it easier to accumulate rewards over time. When you've accumulated enough points, you have the flexibility to redeem them for a wide range of products and services, with a particular emphasis on travel-related rewards.
Key Features
Reward Earning Potential. With every purchase made using the card, cardholders earn Aventura Points, which can later be redeemed for a variety of rewards.
Travel Benefits. The card offers a range of travel benefits, including travel insurance coverage for unexpected events such as trip interruptions, flight delays, or lost baggage.
Flexibility in Redemption. Points earned can be redeemed for a variety of rewards, including flights, hotel stays, vacation packages, merchandise, gift cards, and more.
Welcome Bonus. New cardholders may be eligible for a welcome bonus upon approval, providing an instant boost to their points balance.
Pros and Cons
Pros
Up to 10,000 Aventura Points. New cardholders may have the opportunity to earn a significant number of Aventura points as a welcome bonus, providing an immediate boost to their rewards balance.
Earn up to 1 Point per $1 Spent on All Purchases. Cardholders can accumulate Aventura points quickly by earning rewards on every dollar spent, making it easier to reach redemption thresholds.
No Annual Fee. The card does not charge an annual fee, making it a cost-effective option for those looking to maximize rewards without additional expenses.
Cons
Limited Insurance Included. The insurance coverage provided with the card may be limited compared to other travel credit cards, potentially leaving cardholders with gaps in coverage for certain travel-related incidents.
Low Base Earn Rate of 1 Point per $2 Spent. While the card offers the opportunity to earn additional points through promotions and bonuses, the base earn rate of 1 point per $2 spent may be lower than some other rewards credit cards, impacting the rate at which you accumulate points.
How to Apply for a CIBC Aventura® Visa Card
Visit the CIBC Website. Open your web browser and navigate to the official website of CIBC (Canadian Imperial Bank of Commerce).
Navigate to the Credit Cards Section. Once on the CIBC homepage, locate and click on the "Credit Cards" section. This section is typically found in the main navigation menu or as a prominent feature on the homepage.
Choose the Required Credit Card. Within the credit cards section, browse through the available options until you find the CIBC Aventura® Visa Card. Click on the card to learn more about its features, benefits, and terms.
Click "Apply Now". After reviewing the details of the CIBC Aventura® Visa Card, locate the "Apply Now" button or link associated with the card. This button is usually displayed prominently on the card's information page.
Fill Out the Application Form. Once you click on "Apply Now," you'll be directed to an online application form. Provide the required information accurately and completely. This typically includes personal details such as your name, address, contact information, employment status, and income.
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Eligibility Requirements
Be a Canadian Resident. Applicants must be residents of Canada to be eligible for the card.
Have Reached the Age of Majority in Your Province. Individuals applying for the card must have reached the age of majority in their respective province or territory.
Have a Fair Credit Score (>640). While specific credit score requirements may vary, a fair credit score, generally defined as above 640, is typically required for approval.
Have a Minimum Household Annual Income of $15,000. Applicants are typically required to demonstrate a minimum household annual income of at least $15,000 to be considered for approval.
Reasons You May Be Denied a CIBC Aventura® Visa Card
Insufficient Credit History. If you have a limited credit history or a history of late payments or defaults, the issuer may deny your application.
Low Credit Score. If your credit score falls below the threshold set by the issuer, you may be denied the card. Generally, a credit score below 640 is considered subprime.
High Debt-to-Income Ratio. If your debt obligations are too high compared to your income, the issuer may deem you a higher risk and deny your application.
Recent Bankruptcy or Foreclosure. Recent bankruptcy filings or foreclosures on your credit report may lead to denial as they indicate financial instability.
Too Many Recent Credit Inquiries. If you have applied for multiple credit cards or loans recently, it may signal to the issuer that you are in financial distress and could result in a denial.
How to Pay Off My CIBC Aventura® Visa Card Debt
CIBC Online or Mobile Banking. Log in to your eligible credit card account through CIBC online banking or the CIBC mobile banking app. From there, you can make a payment towards your CIBC Aventura® Visa Card balance.
CIBC Banking Centre. Visit a CIBC Banking Centre in person and make a payment towards your CIBC Aventura® Visa Card debt. A representative can assist you with the process if needed.
Telephone Banking. Contact CIBC's telephone banking service and make a payment towards your CIBC Aventura® Visa Card debt over the phone.
Recurring Bill Payments. To ensure you never miss a payment, consider setting up recurring bill payments through your CIBC online or mobile banking. This allows you to schedule automatic payments towards your CIBC Aventura® Visa Card debt regularly.
Editorial Opinion
The CIBC Aventura® Visa Card is a versatile travel rewards card that offers a range of benefits for frequent travelers. With the ability to earn Aventura Points on every purchase and redeem them for various travel-related rewards, it provides a convenient way to offset travel expenses. The card's flexibility in redemption options, including flights, hotels, and vacation packages, adds to its appeal. However, the base earn rate is relatively modest, and the travel insurance coverage may be limited compared to other cards in its category. Overall, this card is a good option for those seeking a no-annual-fee travel rewards card with flexible redemption options.
The worthiness of the CIBC Aventura® Visa depends on individual preferences and spending habits. If you value travel rewards and can maximize the benefits offered by the card, such as earning points on everyday purchases and redeeming them for travel perks, then it may be worth it for you.
Who would benefit from acquiring the CIBC Aventura® Visa?
Individuals who frequently travel and spend on travel-related expenses can benefit from acquiring the CIBC Aventura® Visa. Additionally, those who value flexibility in redeeming rewards for various travel options and who meet the card's eligibility requirements may find it beneficial.
Is it hard to get a CIBC Aventura® Visa?
The difficulty of getting a CIBC Aventura® Visa can vary depending on factors such as your credit score, income level, and credit history. Meeting the card's eligibility requirements, including having a fair credit score (>640) and a minimum household annual income of $15,000, can increase your chances of approval. However, approval ultimately depends on the issuer's assessment of your financial situation and creditworthiness.