CIBC Aventura® Visa Infinite* card is for those who are looking for the luxurious travel and good number of points for the commonplace purchases. While it has an outstanding earn rate and a plethora of privileges for the clients, this credit card can be useful for regular travelers and finances-wise savvy people.

From accumulating points on travelling and other local consumption to getting free access to airport lounge and fully insured, this card facilitates a luxurious and safe way of living and travelling for the CIBC Aventura® Visa Infinite* card holder. Learn how your daily shopping can be translated into benefits and thrilling experiences with the help of this card.

Key information about the CIBC Aventura® Visa Infinite* card

This card is the CIBC Aventura® Visa Infinite* card, which has many travel features and some of the best rewards among all the cards. At a cost of $139 per year, fully rebatable for the first year, and possibly free the second year or later if the client has a CIBC Smart Plus™ Account, it is quite valuable. Members get a one point for each dollar spent anywhere and two points for each dollar spent on travel through the CIBC Rewards Centre.

How does the annual fee work?

In addition to the card details, it is good to know that the CIBC Aventura® Visa Infinite* card charges its clientele an annual fee of $139. However, for the first year, this fee is refundable and you can use all the facilities of the particular card without any charge. However, if the client has a CIBC Smart Plus™ Account, then the annual fee is waived each year, and thus, is well worth it for those who meet the criteria.

How is the credit limit determined?

The credit limit for the CIBC Aventura® Visa Infinite* card depends on people’s creditworthiness, which is the ability to repay debts, income, credit scores, and the credit history. In case of conventional credit cards, the credit card company calculates these aspects to arrive to a reasonable limit. For instance for prepaid cards, this possibility is at a limit that is preset depending on how much the user deposited hence offering full control to the customer on his or her spending limit.

Credit card benefits 

• Reward points: Earn 2 points for every $1 spent on travel through the CIBC Rewards Centre, 1.5 points for every $1 spent at eligible gas stations, EV charging stations, grocery stores, and drug stores, and 1 point for every $1 spent on other purchases.
• Travel perks: Enjoy four complimentary visits to airport lounges annually and a rebate on one NEXUS application fee every four years.
• Visa Infinite benefits: Access luxury upgrades, exclusive offers, and premium experiences through Visa Infinite.
• Flexible redemption: Redeem points for flights, car rentals, hotels, vacation packages, and more with no expiration on points.
• Comprehensive insurance: Includes travel medical insurance, flight delay and baggage insurance, trip cancellation/interruption insurance, auto rental insurance, and more.
• Purchase protection: Visa’s Zero Liability Policy and fraud alerts ensure your transactions are secure.

The reward points program

In essence, bonus points and the ability to redeem these points as and when the cardholder sees fit is one of the most valuable features of the CIBC Aventura® Visa Infinite* card. Card can earn points on daily purchases which makes it convenient when using at the gas station, grocery stores, and drug stores.

Disadvantages

• Annual fee: Despite the rebate options, the $139 annual fee can be a drawback for some users.
• High-interest rates: Purchase interest rate is 20.99%, and the cash interest rate is 22.99% for non-Quebec residents (21.99% for Quebec residents).
• Income requirement: A minimum annual income of $60,000 for individuals or $100,000 for households is required, making it less accessible to those with lower incomes.

High-interest rates

Another drawback of the CIBC Aventura® Visa Infinite* card is high fees that you are subjected to in case of repeating the same mistakes. The purchase interest rate remains at 20 percent,” said Grigori Van Wijk, an executive with Shell International. 2%, and the charge interest rate is at 0. 03%. 99% of this interest on cash is retrieved within a period of one week. 99% for non-residents of the province of Quebec and 21. 99% for Quebec residents.

Who can apply for this card?

To qualify for the CIBC Aventura® Visa Infinite* card, applicants have to be 18 years and above, reside in Canada, and should have a minimum income of $60,000 personal or $100,000 household income. However, a good to excellent credit score is also needed, which guarantees that applicants have a credit Check title.

In this case, suitable paperwork like income and identification, including pay stubs and identification cards, will be required during application to establish a subject’s eligibility and quick approval.

How to apply for the CIBC Aventura® Visa Infinite* card

Through the website

To apply for CIBC Aventura® Visa Infinite* card, begin on the main CIBC site and click on the tabs at the top of the page to access the part with Credit cards on it, in the “Personal Banking” section. Type in the name of the CIBC Aventura® Visa Infinite* card, and then click on the “Apply Now” link that would take you to the application page for the particular card.

While completing the application form on the website, one has to fill in such items as the full name, date of birth, address of residence, and phone number. All the information you enter should be correct to prevent any inconvenience of having to wait for verification.

Then the application will prompt for some financial information, employment status, annual income, and any other income. These details enable CIBC to deduce your suitability for a particular card and fix the maximum credit amount.

Then, you will be asked to provide identification verification documents including a scan of your Passport/Drivers license and Income verification documents which may include payslip and/or tax returns. These documents can be scanned and submitted online using the CIBC client’s secure upload tool.

After submitting all the information and documents, one should scrutinize the application because all the information should be accurate. Then press the “Submit” button to finalize the application submission. You get an instant response that your application was received and in some instances, you are approved on the spot.

For additional scrutiny, simply, CIBC will contact you in few days for further discussion. After approval, a CIBC Aventura® Visa Infinite* card, a card Activation Guide, and information on managing your account electronically, will be sent to you.