movie enthusiasts and those seeking a credit card that complements their entertainment lifestyle, the CIBC Aventura Visa Infinite Credit Card offers a wealth of benefits and rewards.
Tailored to enhance your experiences, this card lets you earn Scene+ points with every purchase, opening doors to thrilling rewards.
Pros and Cons of the Credit Card
Pros
- Generous rewards on travel and everyday purchases;
- Comprehensive travel insurance;
- Access to airport lounges.
Cons
- Annual fee;
- Higher interest rates;
- Requires good to excellent credit.
Credit Card Fees and Charges
The CIBC Aventura Visa Infinite Card comes with an annual fee of $120. However, the first year’s annual fee is often waived as a promotional offer.
The interest rate for purchases is 19.99% APR, while cash advances and balance transfers have a higher rate of 22.99% APR.
Foreign transaction fees are 2.5% of the transaction amount, which can add up if you frequently make purchases in foreign currencies.
Late payment fees can go up to $40, and there may also be fees for returned payments. It’s important to manage your payments carefully to avoid these additional costs.
About CIBC
CIBC, or the Canadian Imperial Bank of Commerce, is one of the Big Five banks in Canada.
With a history dating back to 1867, CIBC offers a wide range of financial products and services, including personal banking, business banking, and wealth management.
Known for its customer-centric approach, CIBC aims to provide innovative solutions that meet the diverse needs of its clients.
Application
Applying for the CIBC Aventura Visa Infinite Card is straightforward and can be done online or at a CIBC branch.
You’ll need to provide personal information such as your name, address, Social Insurance Number (SIN), and income details.
CIBC will review your credit history and financial information to determine your eligibility.
Once approved, you’ll receive your card in the mail within 7-10 business days. After activating your card, you can start earning Aventura Points on your purchases immediately.
The application process is designed to be quick and user-friendly, ensuring that you can start enjoying the benefits of your new card as soon as possible.
Why Apply for This Credit Card?
There are several compelling reasons to apply for the CIBC Aventura Visa Infinite Card.
First, the card offers a robust rewards program that allows you to earn Aventura Points on both travel and everyday purchases.
These points can be redeemed for a variety of travel-related expenses, making it easier to plan and enjoy your trips.
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