The CIBC Select Visa Credit Card is a popular choice among Canadians looking for low interest rates and affordable fees, especially for those who carry a balance and want to minimize interest charges, making it a great solution for debt repayment.
On top of that, you can save money when filling-up your tank at participating gas stations. It also offers you two different optional insurance coverage that you can choose from, which can come in handy in case of unexpected life events that might make paying the credit card statement difficult.
0% Intro APRKey Features
- International Coverage
- Low Interest Rate
- Easy and Fast Application Process
- Welcome Offer: get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate
- Send Money Abroad: there are no transaction fees when you send a CIBC Global Money Transfer. Also, you won’t be charged interest, as long as you pay your balance by the payment due date
- Offers and Discounts:
- Save On Gas With CIBC and Journie Rewards: link and use your card with Journie Rewards to automatically save up to 10 cents per litre at participating Chevron, Ultramar and Pioneer gas stations;
- Car Rental Discounts: you can save up to 25% at participating Avis locations and at participating Budget locations in Canada and the U.S. when you pay with your card.
- Up To 3 Free Supplemetary Cards
- $100,000 Common Carrier Accident Insurance
- Zero Liability
- Optional Insurance Coverage:
- CIBC Travel Medical Insurance: provides up to $10 million of out-of-province emergency travel medical insurance, covering expenses incurred as the result of a medical emergency while on an insured trip;
- CIBC Payment Protector Insurance for Credit Cards: reduces the burden of your credit card payments if you’re unable to work due to disability, job loss, critical illness or in the event you pass away.
Fees and Charges
- Annual Fee: $29
- Interest Rate:
- Purchases: 13.99%
- Cash Advances: 13,99%
- Balance Transfers: 13,99%
- Foreign Currency Conversion: 2,5%
Why Should You Choose The CIBC Select Visa Credit Card?
It is great for managing debts while keeping costs low. The 0% introductory balance transfer offer provides an opportunity to consolidate higher-interest credit card debt into one low-interest payment. On top of that, if you frequently carry a balance on your credit card, the low-interest rate can save you a significant amount of money over time. This makes it an excellent option for those looking to pay down existing debt or avoid high-interest charges.
Another compelling reason to choose it is its accessibility and ease of use. In additon to that, security and convenience are also top priorities. It includes fraud alerts, digital disputes, and zero liability. For those seeking a straightforward, low-cost, and safe credit card experience, the CIBC Select Visa is an outstanding option, combining everyday practicality with debt management.
How To Apply To The CIBC Select Visa Credit Card
In order to be eligible, you need to be at least the age of majority, a Canada resident, and have a minimum annual income of $15,000. Here’s how to apply:
- Visit the Website: click on the button below to access the website. Then, click on the “Apply Now” option;
- Fill The Application Form: provide any personal and financial details requested and submit the form, in case you are not a Scotiabank client yet;
- Wait for Approval: after submitting, wait for approval.