See how much you can save with a low-rate CIBC Select Visa Card.
Credit limit:
$500 minimum
Household income:
$15,000 minimum
Annual Fee:
$29
Current Annual
Interest Rate: 11.5%1
Additional cards:
Free, up to 3 cards maximum
If you are using another credit card, you could be paying an interest rate of between 18% and 28%. These are the kind of high rates you'll pay on most department store credit cards.
Switch to the CIBC Select Visa Card to start saving money right away. See the example below on how much you could save if you are currently paying 18% interest:
With a
balance of:
You'll pay this much interest
at 18% :
Interest with a
CIBC Select
Visa Card
What you
could save in
one year:
$1,000
$180
$115
$65
$3,000
$540
$345
$195
$5,000
$900
$575
$325
Examples assume balances carried for one year and use the current annual CIBC Select Visa Card rate of 11.5%. Rates may change.
For an annual fee of just $29, the CIBC Select Visa Card offers you a low interest rate, and:
- $100,000 Common Carrier Accident Insurance2
- AVIS Car rental discounts of up to 20% at participating locations3
- Free personalized CIBC Convenience Cheques4
- Emergency Card Replacement and cash advance5 of up to $1,000 CDN if your card is lost or stolen while traveling outside of Canada
- Worldwide Visa acceptance at more than 24 million locations
1 Although the CIBC Select Visa Card rate may change from time to time, the card will always have a money-saving interest rate, year after year! At least 30 days prior notice is given of rate changes.
2 Common carrier fares must be charged to the card prior to your departure to activate coverage. $100,000 Common Carrier Accident Insurance is available only to the Primary Cardholder and his/her spouse and dependent children; coverage is up to $100,000. All insurances are underwritten by Royal & Sun Alliance Insurance Company of Canada and are subject to limitations and exclusions outlined in the insurance certificates distributed with the Card Package.
3 AVIS discounts are available at participating AVIS locations and are applied automatically when you use the Card to pay for the rental (Quebec residents may obtain the discount without using their Card, provided they show the Card when paying by an alternative payment option acceptable to AVIS).
4 Personalized CIBC Convenience Cheques can be ordered by calling a CIBC CreditSmart Card Services Representative. Convenience Cheques are treated as cash advances. Convenience Cheques bear interest from the date they are posted to your credit card account. Cheques cannot be used for payments on or balance transfers from other CIBC credit cards, Personal Lines of Credit, Loans and Mortgages. Convenience Cheques cannot be certified.
5 Cash advances bear interest from the date they are taken. Advances are subject to available credit and other limits.
™ "CIBC for what matters" is a trademark of CIBC
* Visa Int./lic. user.