🎁 Transfer your credit card balance — get 0% interest for up to 10 months with a 1% transfer fee^† and a first year annual fee rebate

The CIBC Select Visa Card is designed for those looking to manage their finances effectively while enjoying a range of benefits. With its low interest rates and various perks, this card can be a great option for many consumers.

Key Features

Understanding the key features of the CIBC Select Visa Card is essential for evaluating its suitability for your financial needs. Here are some of the highlights:

• Low Interest Rate: The card offers a purchase and cash advance interest rate of 13.99%, making it a competitive option for those who may carry a balance.
• Annual Fee: The annual fee is $29, but it is rebated for the first year and also for up to three additional cardholders, making it a cost-effective option for families or couples.
• Balance Transfer Offer: New cardholders can transfer their existing credit card balances and enjoy 0% interest for up to ten months, with a one percent transfer fee. This feature is particularly beneficial for those looking to consolidate debt.

Insurance Benefits

The CIBC Select Visa Card comes with valuable insurance coverage that adds to its appeal. Here are the key insurance features:

• Common Carrier Accident Insurance: Protects you when traveling on public transport.
• Fraud Protection: The card includes a zero liability policy for unauthorized transactions, ensuring peace of mind when making purchases.
• Digital Disputes Platform: This feature allows for easy management of any disputes that may arise regarding transactions.

Additional Benefits

Beyond the fundamental features, the CIBC Select Visa Card provides additional advantages that can enhance your overall experience:

• Global Money Transfer: Send money abroad without incurring transaction fees, a significant benefit for those who frequently send funds internationally.
• Journie Rewards: By linking your card with Journie Rewards, you can save up to 10 cents per liter at participating gas stations, which can lead to considerable savings for regular drivers.
• Fraud Alerts: Stay informed about any suspicious activity on your account with timely alerts, helping you respond quickly to potential fraud.

Who Is It For?

The CIBC Select Visa Card is ideally suited for individuals or families looking to maintain a budget while having access to credit. It’s particularly beneficial for:

• Those who want to transfer existing credit card balances to save on interest payments.
• Individuals who travel frequently and would benefit from insurance coverage.
• Drivers looking to save on fuel costs through the Journie Rewards program.

Pros and Cons

Like any financial product, the CIBC Select Visa Card has its advantages and disadvantages. Here’s a quick look:

Pros

• Low interest rate of 13.99% for purchases and cash advances.
• Annual fee of $29 is rebated for the first year.
• 0% interest on balance transfers for up to ten months.
• Valuable insurance coverage included at no additional cost.
• No transaction fees for international money transfers.

Cons

• Annual fee applies after the first year, which may not be ideal for those seeking a no-fee card.
• While the interest rate is competitive, it may not be the lowest available on the market.

Comparing with Other Cards

When considering the CIBC Select Visa Card, it’s essential to compare it with other credit cards to ensure you’re making the best choice. For instance, some cards might offer higher cash back rewards or lower interest rates. However, the combination of low fees and valuable insurance coverage makes the CIBC Select Visa Card a strong contender in the market.

Pricing and Availability

The CIBC Select Visa Card has an annual fee of $29, which is waived for the first year. You can apply for this card online, and if you’re a new customer taking advantage of the balance transfer offer, it’s a straightforward process. Just make sure to select the balance transfer option during your application.