Credit limit:
$500 minimum
Household income:
$1,200 minimum
Annual fee: No annual fee
Purchase Interest Rate:
19.5%1
Cash Interest Rate:
21.5%1
The CIBC Classic Visa Card for Students is for you if:
- You are a full-time student enrolled in a recognized college or university
- You have a minimum annual income level of $1,200 (student loans do not qualify, but any employment income, parental/family support, scholarships, bursaries and grants qualify)
- You need the day-to-day convenience of a credit card
- You want a credit card with no annual fee (and a competitive current regular interest rate of 18.5%, changing to 19.5% for card purchases, 21.5% for cash advances, beginning November 2009)1
- You want to establish your credit rating for your financial future
Our special student program makes it easy to get the CIBC Classic Visa Card, with no annual fee. Enjoy these benefits:
- Purchase Security and Extended Protection Insurance2
- $100,000 Common Carrier Accident Insurance2
- Avis car rental discounts of 5% to 25% at participating locations3
- 24/7 roadside assistance in Canada or the mainland U.S. with no upfront fees and a market rate guarantee with Driver Assist4
- Emergency card replacement
- Chip and PIN technology for enhanced security
- CIBC CreditSmart® customized tools that help you organize, track and monitor credit card spending.
- Worldwide Visa acceptance at over 24 million locations
1 The current regular annual interest rate is 18.5%. This is changing to 19.5% for purchases and 21.5% for cash advances, balance transfers and Convenience Cheques effective for and from the period covered by the November 2009 statement. The November 2009 Statement covers the period that ends in that month.
2 All insurance is subject to limitations and exclusions outlined in the insurance certificates distributed with the Card Package. Common carrier fares or merchandise must be charged to the card 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 Canadian and is underwritten by AIG Commercial Insurance Company of Canada. The Purchase Security feature helps protect most new items of personal property when the purchase price is charged to your card by insuring the item for 90 days from purchase in the event of loss, theft or damage. This is excess insurance (it covers you only to the extent your claim exceeds the coverage under other insurance you may have). The Extended Protection feature doubles the term of your original Canadian or U.S. manufacturer's warranty up to one year on most new items of personal property when the purchase price is charged to your card. Purchase Security and Extended Protection Insurance is underwritten and administered by Elite Insurance Company.
3 Avis rental car discounts are available at participating Avis locations provided you charge the rental to your card. (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 The market rate guarantee applies to tows of less than 50 kms and non-towing services, only; if you get a lower, written quote for the same service from another towing operator in the same market area, you'll get reimbursed the difference between that quote and what you paid the towing company to which you were referred. The Driver Assist service is provided by Dominion Automobile Association (2004) Limited.
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