0% Intro APRThe 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.
Pros vs. Cons
Pros
- No Annual Fee in the First Year;
- 0% Interest Rate on Balance Transfers For the First 10 Months;
- International Coverage;
- No Transaction Fees When You Send a CIBC Global Money Transfer;
- Low Interest Rate;
- Offers and Discounts;
- Free Supplementary Cards;
- Common Carrier Accident Insurance;
- Zero Liability;
- Easy and Fast Application Process.
Cons
- Annual Fee of $29;
- Not Many Other Perks and Benefits Included;
- No Rewards;
- Minimum Income Required.
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.
Who Is The CIBC Select Visa Credit Card For?
It is ideal for individuals looking to improve thier financial management skills and credit scores. It’s also perfect for those who value an affordable option with low interest rates and balance transfer option that can help with debt repayment. All of that in a very practical and simple digital banking platform. However, if you’re looking for a card with rewards or premium perks, you may want to explore other options.
If you’re interested, click the button below to learn more about the card, its benefits, requirements, and application process. This could be your first step towards getting rid of your credit card debt!