CIBC Aventura Visa Infinite Card

The CIBC Aventura Visa Infinite Card is one of CIBC’s top credit cards and also one of the best travel credit cards available. It provides excellent insurance coverage. Although the annual fee is high at $139, if you have a CIBC Smart Plus Account, you’ll receive a $139 rebate every year. Essentially, you’ll get this card for free if you have that account. So, it’s definitely a must-have if you own that account.

Card Summary:

This credit card has an annual fee of $139, with an additional $50 fee for each supplementary cardholder. The purchase rate is 20.99%, while the cash advance rate is 22.99%. To be eligible, you need an annual income of at least $60,000 or a household income of $100,000 or more. Enjoy a valuable bonus offer when you sign up, and if you have a CIBC Smart Plus Account, you can get your annual fee rebated. Plus, this card offers some of the best insurance coverages available, providing you with peace of mind when you travel and shop.

Rewards Summary:

Sign up for this card and enjoy a welcome bonus of 35,000 points, valued at around $800 in travel purchases. Earn up to 15,000 Aventura Points just for making your first purchase, and an additional 20,000 points when you spend over $1,000 within the first four months. You’ll earn 2 points for every dollar spent on travel purchases through the CIBC rewards centre, 1.5 points per dollar at eligible gas stations, grocery stores, and drug stores, and 1 point per dollar on all other purchases. The rewards ratio provides a value back of approximately 1.25% to 3.5%.

Benefits Summary:

This credit card offers an annual fee rebate every year if you have a CIBC Smart Plus Account, making it a cost-effective choice. Enjoy exclusive Visa Infinite benefits, providing added perks and privileges. The card offers flexible travel options with no restrictions, allowing you to use your points as you wish. Additionally, you can use your points to pay down your credit card balance, giving you even more flexibility in managing your finances.

Insurance Summary:

This card comes with comprehensive insurance coverage, including travel medical insurance, baggage insurance, and trip cancellation and interruption protection. You’ll also have auto rental accident insurance, purchase security, and extended protection insurance for your purchases. Hotel burglary insurance and mobile device insurance add extra layers of security, ensuring you’re well-protected in various situations.

CIBC Aventura Visa Infinite Card has a limited rewards program. The highest ratio of points can only be earned if you book travel through their system. However, the card still offers a good rewards program and has one of the best, if not the best, insurance coverage among credit cards. If you have a CIBC Smart Plus Account, the card becomes a no-brainer because you will receive a rebate of the annual fee. This essentially makes it like getting this card with no annual fee.

Editor’s Review:

CIBC Aventura Visa Infinite Card Review

The CIBC Aventura Visa Infinite Card is a premier travel credit card offering extensive rewards and comprehensive insurance coverage. Below is a detailed analysis of its features, benefits, and potential drawbacks.

Card Summary

• Annual Fee: $139 (waived with CIBC Smart Plus Account)
• Supplementary Card Fee: $50 each (waived for the first year)
• Interest Rates:
  • Purchases: 20.99%
  • Cash Advances: 22.99%
• Income Requirement: Minimum personal income of $60,000 or household income of $100,000
• Welcome Bonus: Up to 35,000 Aventura Points

Rewards Summary

• Welcome Bonus:
  • 15,000 points after the first purchase
  • Additional 20,000 points after spending $1,000 within the first 4 months
• Earning Rates:
  • 2 points per $1 spent on travel purchases through the CIBC Rewards Centre
  • 1.5 points per $1 spent at eligible gas stations, grocery stores, and drug stores
  • 1 point per $1 spent on all other purchases
• Points Value: Approximately 1.25% to 3.5%

Benefits Summary

• Annual Fee Rebate: Annual fee is rebated if you have a CIBC Smart Plus Account
• Visa Infinite Benefits: Exclusive perks and privileges
• Flexible Travel Options: Use points without restrictions and to pay down credit card balances
• Additional Perks: Access to Visa Infinite Dining and Wine Country programs, concierge service, and more

Insurance Summary

• Comprehensive Coverage:
  • Travel medical insurance
  • Baggage insurance
  • Trip cancellation and interruption protection
  • Auto rental accident insurance
  • Purchase security and extended protection insurance
  • Hotel burglary insurance
  • Mobile device insurance

Detailed Review

Rewards and Aventura Points Program: The CIBC Aventura Visa Infinite Card offers a strong rewards program, especially for travel-related purchases. New cardholders can earn up to 35,000 Aventura Points as a welcome bonus, with 15,000 points awarded after the first purchase and an additional 20,000 points after spending $1,000 within the first four months. The card’s earning rates are competitive, providing 2 points per dollar on travel purchases through the CIBC Rewards Centre, 1.5 points per dollar at eligible gas stations, grocery stores, and drug stores, and 1 point per dollar on all other purchases.

Benefits and Additional Perks: Cardholders with a CIBC Smart Plus Account can have the annual fee rebated, effectively making the card free. The Visa Infinite benefits include access to exclusive events, dining experiences, and a concierge service. The flexibility in using points for travel without restrictions and the option to pay down the credit card balance with points adds significant value.

Fees and Interest Rates: The annual fee of $139 is on the higher side but is justified by the extensive benefits and rewards. Supplementary cards are $50 each, though these fees are waived for the first year. The interest rates are standard, with a purchase rate of 20.99% and a cash advance rate of 22.99%.

Insurance Coverage: This card excels in insurance coverage, providing comprehensive travel medical insurance, baggage insurance, trip cancellation and interruption protection, and auto rental accident insurance. Additional coverages such as purchase security, extended protection, hotel burglary insurance, and mobile device insurance ensure cardholders are well-protected in various scenarios.

Final Verdict

The CIBC Aventura Visa Infinite Card is an excellent choice for frequent travelers seeking extensive rewards and comprehensive insurance coverage. The significant welcome bonus, competitive earning rates, and the potential for an annual fee rebate make it highly attractive, especially for those with a CIBC Smart Plus Account. However, those who do not meet the income requirements or do not frequently travel might find better value in other cards.

Recommendation: This card is best suited for individuals who travel frequently and can maximize the Aventura Points rewards. The comprehensive insurance coverage and exclusive Visa Infinite benefits add significant value, making it a top choice for travel enthusiasts. For those who travel less frequently or prefer a lower annual fee, other rewards or cash back cards may be more suitable.

Comparison with Similar Cards

View other Travel Credit Cards.

View other CIBC credit cards.

Disclaimer: Refer to the credit card official web page for the latest up to date 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.