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CIBC Select Visa Card review

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Advertiser Disclosure

Annual Fee
$29.00
Interest Rate: Purchases
13.99%
Interest Rate: Purchases
13.99%
Balance Transfer
13.99% (0% for the first 10 months)
Balance Transfer
13.99% (0% for the first 10 months)
Rewards
-
Rewards
-
Signup Bonus
-
Signup Bonus
-


9.2/10
Informr score
The CIBC Select Visa Card currently has an Informr score of 9.2 out of 10. This score is based on our evaluation of 5 sources including reviews from users and the web's most trusted critics.

Am I eligible?


CIBC Select Visa Card is typically available to those with average credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

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.

What the Critics Are Saying...


Money.ca
Money.ca

The 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...

- Hannah Logan, Money.ca
Wealth Rocket
Wealth Rocket

If 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...

- Gabriel Sigler, Wealth Rocket
SAVVY New Canadians
SAVVY New Canadians

If 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...

- Enoch Omololu, SAVVY New Canadians
Reviewlution
Reviewlution

All 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...

- Marija Pandurov, Reviewlution
Finder
Finder

The 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...

- Claire Horwood, Finder

Details


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
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Additional comments -
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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