CIBC Classic Visa Card
|
The CIBC Classic Visa Card is a no-annual-fee card offering essential benefits and insurance coverage. It includes Purchase Security and Extended Protection, $100,000 Common Carrier Accident Insurance, and fuel savings of up to 10 cents per litre with Journie Rewards. Additionally, there are no transaction fees for CIBC Global Money Transfers, and fraud protection features such as Visa’s Zero Liability Policy and fraud alerts.
Welcome Offer
No specific welcome offer is detailed.
Summary
Rewards
- No specific rewards program.
Benefits
This credit card offers several great perks. You’ll get fuel discounts, which help you save money every time you fill up your tank. There are also no-fee global money transfers, allowing you to send money internationally without extra costs. Plus, purchase security protects your new items against damage or theft, giving you added peace of mind.
Insurance
- Purchase Security and Extended Protection Insurance
- $100,000 Common Carrier Accident Insurance
Editor’s Review
CIBC Classic Visa* Card Review
Overview
The CIBC Classic Visa* Card is designed for those seeking a no-annual-fee card with essential features and solid protection. It offers valuable insurance and fuel savings, making it a practical choice for budget-conscious users.
Key Features
- Interest Rates: 19.99% on purchases, 22.99% on cash advances
- Rewards:
- 10¢ off per litre at participating gas stations with Journie Rewards
- Fees: No annual fee
- Benefits:
- Purchase Security and Extended Protection Insurance
- $100,000 Common Carrier Accident Insurance
- Visa Zero Liability Policy for fraud protection
- No transaction fees for CIBC Global Money Transfers™
Pros and Cons
Pros:
- No annual fee
- Solid insurance coverage
- Fuel savings with Journie Rewards
Cons:
- Higher interest rates
- Limited rewards program
Who is this card for?
This card is ideal for individuals seeking a no-annual-fee card with essential insurance and fraud protection, along with fuel savings. It suits those who need a basic card for everyday use without the complexities of extensive rewards programs.
Comparison Table
| Feature | CIBC Classic Visa* | Competitor Card 1 | Competitor Card 2 |
|---|---|---|---|
| Annual Fee | $0 | $0 | $99 |
| Interest Rate | 19.99% | 19.99% | 20.99% |
| Fuel Rewards | 10¢/litre | 1% | 3% |
| Introductory Offer | None | $200 cash bonus (conditions apply) | 50,000 points (conditions apply) |
Final Verdict
The CIBC Classic Visa* Card offers a straightforward, no-annual-fee solution with key insurance benefits and fuel savings through the Journie Rewards program. While it lacks a robust rewards program and has higher interest rates, its simplicity and essential protections make it a reliable choice for everyday spending. Overall, this card scores a 7 out of 10 for its practical benefits and suitability for budget-conscious users.
There are no reviews yet.