CIBC Credit Card – How to Apply

There are many credit card companies and banks that offer cards with amazing travel benefits. If you are someone who loves to travel, having one of these can save you a lot of money and open up new experiences.

The CIBC Aventura Visa Infinite Card is one of these. It offers its cardholder the ability to earn points and other travel-related benefits.

Before you make your decision, though, we thought we would run through the details and information you need to know about this credit card. That way, you can make sure it is the right card for you.

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Features

When you get approved for the CIBC Aventura Visa Infinite Card, you get a lot of features geared towards travel-related perks. First off, you get 1.5 points earned for every dollar you spend. Plus, you get a 20,000 point bonus as a welcome gift, as well as a rebate on the annual fee for the first year. 

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The credit card comes with priority pass lounge access. This gives you the ability to get into over 1,200 airport lounges across the world. As a bonus, you also get four free visits to any of these lounges four times a year.

This card from CIBC also offers travel medical insurance for the first 15 days of your travel. Plus, it comes with travel insurance to protect you against other losses, as well.

Benefits

This card also comes with other benefits that make this a great card for travelers. It all starts with the $50 rebate on applications for fast border crossings between the US and Canada. 

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You can also take advantage of these benefits.

  • Common carrier insurance
  • Rental car insurance
  • Insurance for your movie devices
  • Purchase protection
  • Points that don’t expire and that work on any airline
  • Can use points to cover the full fare, including fees and taxes
  • Use points on hotel rooms and more

How to Apply

First, you will need to meet all the requirements. Second, you will need to have the following documents ready when filling your application out.

  • Contact information
  • Proof of residency
  • Social insurance number
  • Proof of income

Once you have all that taken care of, you can head to their website with the link below and begin the application process. Then, you will submit the application and wait for the final decision. 

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This typically arrives via email within 7 – 10 business days. If you want to apply for the card, check out the application here.

Who is Eligible?

In order to be eligible for a credit card through CIBC, you must meet all the credit criteria. Further requirements are as follows.

  • Be a resident of Canada
  • Be at least 18 years or older
  • Have an annual income of at least $60,000

Fees and Interest

There are some fees and interest rates you should be aware of when considering this card. The card comes with an annual fee of $120 per year. 

As for outstanding balances, you can look to see a 19.99% interest rate, and on cash advances or balance transfers, that rate goes up to 22.99%. If you need an additional card, you will be charged $50.

Bank Contact Info

If you have any questions about the application process or about the credit card features and benefits, you can contact the bank by phone, through their online chat, or via email. Of course, you can also find a local branch and meet with a banker.

If you opt for contacting the bank over the phone, here are the numbers you can use.

Canada & US: 1-800-465-4653

Other: 1-514-861-4653

Summary

Traveling, whether it is for fun or for business, can be expensive. That is why so many frequent travelers look for a credit card that they can get travel benefits from.

The CIBC Aventura Visa Infinite card is one of those. It comes with some higher interest rates and fees, but the benefits and features of this card make it one for consideration. Hopefully, we have delivered all the information you will need to make an informed decision on whether this card is right for you or not.

Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.