CIBC · Visa
13.99% on purchases for $29, waived in the first year. CIBC's actual low rate card, as opposed to the one called Classic.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- 13.99% on purchases, roughly eight points below CIBC's other cards
- The $29 fee is rebated in the first year
- 0% on balance transfers for up to ten months with a 1% transfer fee
- No fee for additional cards
- Up to 10 cents a litre off fuel through Journie Rewards
Watch out for
- It earns no rewards at all
- The balance transfer promotion is limited to half your assigned credit limit
- The fee returns at $29 in year two
- The 1% transfer fee is charged up front and the rate reverts to 13.99% afterwards
- No travel insurance and no purchase protection
What this card earns
- What we value a point at
- Not published by the issuer
The earning fine print
No rewards program. CIBC markets up to 10 cents off per litre at participating gas stations through the third-party Journie Rewards programme, which is a fuel discount and not card cash back. Cash advance fee $5.00 in Canada, $7.50 outside Canada.
The welcome offer
- Also included
- The first-year annual fee is waived
What the offer actually requires
0% interest on balance transfers for up to 10 months with a 1% transfer fee, plus the first-year $29 annual fee rebated. The maximum transfer is 50% of the assigned credit limit and the minimum transfer is $100. No offer end date published.
Fees and interest rates
- Annual fee
- $29 waived the first year
- Additional card
- Free
- Foreign transaction fee
- 2.5%
- Purchase APR
- 13.99%
- Cash advance APR
- 13.99%
- Balance transfer APR
- 13.99%
- Balance transfer promo
- 0% for 10 months
- Balance transfer fee
- 1%
Who can get this card
- Minimum personal income
- Not published by the issuer
- Minimum household income
- $15,000
What the benefits really mean
Journie Rewards fuel savings of up to 10 cents per litre; CIBC Global Money Transfer with $0 fee to 120+ countries; free Skip+ membership; 50% off Disney+ for 6 months; CIBC by Expedia booking access; fraud monitoring and spend alerts; optional (paid) CIBC Payment Protector Insurance. CIBC directs cardholders to a separate Benefits Guide PDF for insurance coverages, so specific insurance inclusions and amounts are NOT PUBLISHED on the product page. The 0% balance transfer promotion is limited to 50% of the assigned credit limit. A shopper transferring a large balance may only be able to move half of it. The 1% transfer fee applies up front, and the rate reverts to 13.99% after up to 10 months. The $29 annual fee is rebated in year one only. 'Up to 10 cents off per litre' requires enrolling in the separate Journie Rewards programme at participating stations. It is not a card benefit that applies at any pump. Insurance inclusions are not stated on the product page; they sit in a separate Benefits Guide PDF.
Our verdict
If you carry a balance at CIBC, this is the card to carry it on. Eight points below the standard 21.99% is about $160 a year saved on $2,000 of revolving debt, which no CIBC cash back card is going to earn you back. The ten month balance transfer window at 0% is a useful way in.
The restriction to watch is that CIBC will only let you transfer up to half your assigned credit limit, so a large consolidation may not fit. And if you pay in full every month, this card costs $29 for a feature you never use while earning nothing, which makes it strictly worse than CIBC's free Dividend Visa.
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Where this came from. CIBC Select Visa product page (fee, first-year rebate, additional cards, balance transfer terms and limits, income requirement, benefits) and CIBC's Credit Card Summary of Annual Interest Rates and Fees PDF, which states 13.99% on purchases AND on cash advances/balance transfers, $29 annual fee, $0 additional card fee, 2.5% foreign currency markup and $5.00/$7.50 cash advance fees.. We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.