Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
- Hannah Logan, Money.caThe CIBC Select Visa* Card’s 0% interest rate for 10 months (1% transfer fee) is a pretty great deal for a balance transfer credit card, and its post-promotional rate is quite competitive as well. The annual fee is a bit of a downside, as some other balance transfer cards on the market are free, but...
- Gabriel Sigler, Wealth RocketIf your main goal is to pay down your debt, the CIBC Select Visa is a good option. The ability to pay 0% interest for 10 months (with a 1% transfer fee) when you port over a previous card balance will help you bring down that debt load faster. In addition, the 13.99% interest rate will help ensure t...
- Enoch Omololu, SAVVY New CanadiansIf you tend to carry a balance each month and are not looking for any rewards or cashback, the CIBC Select Visa may be a good option for you. It is affordable at only $29 a year and has one of the lowest interest rates for a credit card in Canada. If you make a lot more than $15,000 per year, do not...
- Marija Pandurov, ReviewlutionAll things considered, the CIBC low-interest rate credit card is certainly worth considering. Its affordable APR and the 0% introductory balance transfer offer have turned the card into one of the frontrunners of the race. This particular card is a good fit for those of you that are looking to settl...
- Claire Horwood, FinderThe CIBC Select Visa is a low-interest card that could be a good fit for you if you want to save money on interest instead of earning rewards. It comes with a 13.99% interest rate and a 0% introductory balance rate. Just be aware that this card offers very few benefits and you’ll have to pay an annu...
Interest Rates | |
---|---|
Regular APR Interest Rate | 13.99% |
Balance Transfer Interest Rate |
13.99% (0% for the first 10 months) 1% transfer fee with the intro rate |
Cash Advance Interest Rate | 13.99% |
Rates & Fees | |
Annual Fee |
$29.00 First-year annual fee rebate |
Balance Transfer Fee |
3% Maximum |
Cash Advance Fee | $5.00 |
Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
Over Limit Fee |
$29.00 Fee not applicable to Quebec residents. |
Late Payment Fee | $0.00 |
Promotions | |
Sign up bonus | No |
Rewards | |
All Purchases | No |
Restaurants | No |
Gas | No |
Groceries | No |
Hotels | No |
Travel | No |
Pharmacy | No |
Bills | No |
Features & Benefits | |
Additional Card Holders | Yes |
Travel Accident Insurance | Yes |
Car Rental Insurance | No |
Car Rental Discount | Yes |
Extended Warranty | No |
Purchase Protection | No |
Zero Liability | No |
No Foreign Transaction Fees | No |
Emergency Assistance | No |
Concierge Service | No |
Price Protection | No |
Fraud Protection | No |
Free Credit Scores | No |
Wireless Payments | Apple Pay, Samsung Pay, Google Pay |
Virtual Cards | No |
Additional Benefits |
- Save up to 25% at participating AVIS locations and at participating Budget locations in Canada and the U.S. - Emergency Card Replacement |
Eligibility | |
Minimum Security Deposit | $0 |
Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
Minimum Personal Income | |
Temporary Residents | No |
More | |
Additional comments | - |
Terms & Conditions | Official Terms & Conditions |
Suggest a correction |
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