CIBC Aventura VISA Card
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The CIBC Aventura Visa Card offers flexible travel rewards with no annual fee. Earn 1 Aventura Point per $1 spent on eligible gas, grocery, drugstore, and travel purchases through the CIBC Rewards Centre. All other purchases earn 1 point per $2 spent.
Welcome Offer
Earn up to 2,500 Aventura Points by completing specific activities within 60 days of approval.
Summary
This credit card has no annual fee, allowing you to save money each year. The interest rate for purchases is 20.99%, and for cash advances, it’s 22.99%. This means if you carry a balance on your purchases or take out cash advances, these are the rates you’ll be charged. To avoid interest charges, it’s best to pay off your balance in full each month.
Rewards
With this credit card, you’ll earn 1 point for every $1 spent on gas, groceries, drugstores, and travel. For all other purchases, you’ll earn 1 point for every $2 spent. This rewards system helps you accumulate points quickly on essential and travel-related expenses, while still earning on other spending.
Benefits
Insurance
- Purchase Security
- Extended Protection
- Auto Rental Collision/Loss Damage
- $100,000 Common Carrier Accident Insurance
Editor’s Review
CIBC Aventura® Visa* Card Review
Overview
The CIBC Aventura Visa Card is designed for those who love to travel and want flexibility in redeeming rewards. It offers points on everyday purchases and additional perks, making it a solid choice for frequent travelers.
Key Features
- Interest Rates: 19.99% on purchases, 22.99% on cash advances
- Rewards:
- 1 point per $1 spent on gas, groceries, travel, and drugstore purchases
- 1 point per $2 spent on all other purchases
- Fees: No annual fee
- Benefits:
- Earn up to 2,500 Aventura Points as a welcome offer
- Purchase Security and Extended Protection Insurance
- Auto Rental Collision and Loss Damage Insurance
- Fraud protection with Visa’s Zero Liability Policy
Pros and Cons
Pros:
- No annual fee
- Flexible travel rewards program
- Strong insurance coverage
Cons:
- Lower rewards rate on non-bonus categories
- High interest rates
Who is this card for?
This card is ideal for budget-conscious travelers who want to earn rewards on everyday spending without paying an annual fee. It suits individuals who value flexibility in how they can redeem their points for travel and other rewards.
Comparison Table
| Feature | CIBC Aventura® Visa* | Competitor Card 1 | Competitor Card 2 |
|---|---|---|---|
| Annual Fee | $0 | $0 | $120 |
| Interest Rate | 19.99% | 19.99% | 20.99% |
| Rewards on Gas/Groceries | 1 point per $1 | 1.5% | 2% |
| Rewards on Other Purchases | 1 point per $2 | 1% | 1.5% |
| Introductory Offer | Up to 2,500 points | $200 cash bonus (conditions apply) | 50,000 points (conditions apply) |
Final Verdict
The CIBC Aventura Visa Card is a valuable option for travelers who prefer no annual fee while earning rewards on their purchases. The card offers flexibility in redeeming points, robust insurance coverage, and fraud protection, making it a strong choice for budget-conscious individuals. However, the lower rewards rate on non-bonus categories and higher interest rates are considerations to keep in mind. Overall, this card scores an 8 out of 10 for its balanced offering of rewards and benefits, catering well to frequent travelers looking for flexibility and value.
Disclaimer: Refer to the official credit card web page for the latest rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.
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