CIBC · Visa
No rewards at all, and the same 21.99% rate as CIBC's student cards that do pay rewards. There is no reason to choose it over them.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- No annual fee and a $0 published income requirement
- Up to 10 cents a litre off fuel through Journie Rewards, if you enrol separately
- Purchase security and extended protection insurance are included
- Simple, with no programme to learn
Watch out for
- It earns nothing. No cash back, no points, no rewards of any kind
- Despite the name, it is not a low rate card. It carries the same 21.99% as CIBC's rewards student cards
- CIBC's Dividend and Adapta student cards have the same fee, same income requirement and same rate while paying rewards
- The fuel discount is a third party loyalty programme, not a card benefit
- No travel insurance
What this card earns
- What we value a point at
- Not published by the issuer
The earning fine print
This card has no rewards program. It earns no points and no cash back. The only spend-linked value is a fuel discount of up to 10 cents per litre at participating gas stations through Journie Rewards, which is a third-party loyalty program requiring separate enrolment and is not a card earn rate. All earn fields are null because there is no earn structure to record, not because it is unpublished.
What the offer actually requires
No welcome bonus is published for this card.
Fees and interest rates
- Annual fee
- None
- Additional card
- Free
- Foreign transaction fee
- 2.5%
- Purchase APR
- 21.99%
- Cash advance APR
- 22.99%
- Balance transfer APR
- 22.99%
Who can get this card
- Minimum personal income
- $0
Insurance and benefits
- Purchase protection
- Included
- Extended warranty
- Included
What the benefits really mean
Purchase Security Insurance (90 days) and Extended Protection Insurance. CIBC Travel Medical Insurance and CIBC Payment Protector Insurance are OPTIONAL PAID add-ons, not included coverage. Non-insurance perks: up to 10c/L off fuel via Journie Rewards, no CIBC transaction fee on Global Money Transfers, free first-year Skip+ membership ($0 delivery fees plus a $10 monthly voucher), 50% off Disney+ for 6 months. Credit limit capped at $5,000 for Canadian students, $2,000 for international students. Despite the name 'Classic', this is NOT a low-rate card. It carries the standard 21.99% purchase APR, the same as CIBC's rewards student cards. A student choosing it expecting a lower rate gains nothing; CIBC's low-rate product is the Select Visa (13.99%, $29 fee), which has no student version. No rewards at all. The CIBC Dividend and Adapta student cards have the same $0 fee, same $0 income requirement and same APR while paying rewards, so there is no fee or eligibility reason to pick this one. The 'free Skip+ membership' and 'Disney+ 50% off' perks are promotional third-party offers, not durable card benefits. Income published as $0 by CIBC ('No minimum income requirement'). APRs are client-side placeholders on the product page; taken from CIBC's catch-all rate row. Quebec residents pay 21.99% on cash advances/balance transfers and no per-transaction cash advance fee.
Our verdict
This card is dominated. CIBC's Dividend student card and Adapta student card cost the same nothing, require the same nothing in income, carry the same 21.99% interest rate, and pay rewards. This one does not. There is no eligibility advantage, no rate advantage and no fee advantage to offset that.
The name is the trap. "Classic" sounds like a plain low rate card and it is not: CIBC's actual low rate product is the Select Visa at 13.99%, which has no student version. If you want a CIBC student card, take the Dividend. If you want a low rate, this is not it.
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Where this came from. CIBC product page for fees, benefits, enrolment and credit limits; CIBC student credit cards hub; CIBC Credit Card Summary of Annual Interest Rates and Fees (current as of August 1, 2026) for APRs and 2.5% FX fee.. 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.