CIBC U.S. Dollar Aventura Gold Visa Card
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Welcome Offer
Earn up to 2,500 Aventura Points and have your first year’s annual fee rebated when you complete specific activities within 60 days of approval.
Summary
This credit card comes with an annual fee of $35 USD, which is a small charge for the benefits it offers. Both the purchase and cash interest rates are variable, meaning they can change over time based on market conditions. This card’s variable rates provide flexibility and can adapt to economic changes.
Rewards
Benefits
This card comes with no currency conversion fees for USD purchases, making it ideal for those who frequently shop in US dollars. You can also transfer points between Aventura accounts, offering flexibility in how you use your rewards. Points can be redeemed for flights, hotels, car rentals, and more, giving you plenty of options to make the most of your rewards.
Insurance
- Auto Rental Collision and Loss Damage Insurance
- $100,000 Common Carrier Accident Insurance
- Purchase Security and Extended Protection Insurance
Editor’s Review
CIBC U.S. Dollar Aventura Gold Visa Card Review
General Overview
The CIBC U.S. Dollar Aventura Gold Visa Card is designed for frequent travelers to the U.S. who want to earn rewards in USD without worrying about foreign transaction fees.
Key Features
- Interest Rates
- Purchase APR: 20.99%
- Cash Advance APR: 22.99% (non-Quebec residents), 21.99% (Quebec residents)
- Rewards Program
- 1 point per $1 spent on travel through the CIBC Rewards Centre
- 1 point per $2 spent on all other purchases
- Points can be redeemed for travel, merchandise, and financial products
- Fees
- Annual Fee: $35 USD
- Additional Cards: $0 (up to 3 additional cards)
- Benefits
- No foreign transaction fees on USD purchases
- Auto rental collision and loss damage insurance
- $100,000 Common Carrier Accident Insurance
- Purchase Security and Extended Protection Insurance
- Insurance Coverage
- Purchase Security Insurance
- Extended Warranty Insurance
- Auto Rental Collision and Loss Damage Insurance
- Common Carrier Accident Insurance
- Security Features
- Visa Zero Liability policy
- Fraud alerts
- Digital disputes platform
Pros and Cons
Pros
- No currency conversion fees for USD purchases
- Generous travel rewards program
- Comprehensive insurance coverage
Cons
- Annual fee in USD
- Lower rewards rate on non-travel purchases
Who is this card for?
This card is ideal for frequent travelers to the U.S. who want to avoid foreign transaction fees and earn travel rewards. It suits individuals who spend primarily in USD and can benefit from the extensive insurance and rewards offerings.
Comparison with Similar Cards
| Feature | CIBC U.S. Dollar Aventura Gold Visa | RBC U.S. Dollar Visa Gold | BMO U.S. Dollar Mastercard |
|---|---|---|---|
| Annual Fee | $35 USD | $65 USD | $35 USD |
| Rewards | 1 point/$1 on travel, 1 point/$2 on other purchases | None | None |
| Welcome Bonus | Up to 2,500 Aventura Points | None | None |
| Purchase APR | 20.99% | 19.99% | 19.99% |
| Additional Benefits | No FX fees, comprehensive insurance | No FX fees, purchase security insurance | No FX fees, purchase protection |
Final Verdict
The CIBC U.S. Dollar Aventura Gold Visa Card scores an 8/10. It is a strong choice for those who frequently spend in USD and want to earn rewards while enjoying comprehensive insurance coverage and avoiding currency conversion fees. Its lower rewards rate on non-travel purchases and annual fee in USD are minor drawbacks.
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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