The CIBC Aventura® Visa Infinite* Card is a popular choice for those who want to make the most out of their travel experiences while earning rewards with every purchase. This card offers flexibility in redeeming points for flights, car rentals, hotels, and more, making it an appealing option for frequent travelers.
Beyond the travel perks, the CIBC Aventura® Visa Infinite* Card also comes with competitive earning potential for Aventura points on everyday purchases like groceries and gas. Coupled with its award-winning status as one of the best travel cards, it’s easy to see why many choose it as their go-to credit card for both travel and daily expenses.
Key information about the credit card
How does the annual fee work?
The CIBC Aventura® Visa Infinite* Card comes with an annual fee of $139 for the primary cardholder, which is rebated for the first year under certain conditions, such as holding a CIBC Smart Plus™ Account. This allows users to experience the benefits of the card without the initial financial commitment.
How is the credit limit determined?
The credit limit for the CIBC Aventura® Visa Infinite* Card is determined by the cardholder’s financial profile, including income, credit history, and overall creditworthiness. CIBC assesses these factors to establish a limit that aligns with the individual’s ability to manage credit responsibly. While conventional credit cards like this one base the limit on these factors, it’s essential to maintain a strong financial standing to secure a higher limit.
Advantages of the credit card
- Flexible travel rewards: Points can be redeemed for flights, hotels, car rentals, and more through the CIBC Rewards Centre. The ability to use points across various travel options makes it easy to tailor rewards to individual preferences.
- Comprehensive travel insurance: The card includes Out-of-Province Emergency Travel Medical Insurance, Trip Cancellation and Interruption Insurance, and Flight Delay Insurance, providing peace of mind during trips.
- Airport lounge access: Cardholders enjoy four complimentary visits to airport lounges via the Visa Airport Companion Program, ensuring comfort before flights.
- Luxury benefits with Visa Infinite: The card provides access to exclusive Visa Infinite experiences, such as luxury hotel upgrades, special events, and curated travel experiences.
- Accelerated earning on everyday purchases: Earn 1.5 Aventura points for every dollar spent at eligible gas stations, grocery stores, electric vehicle charging stations, and drugstores, and 2 points per dollar on travel booked through the CIBC Rewards Centre.
Standout advantage
One of the standout advantages of the CIBC Aventura® Visa Infinite* Card is its ability to provide cardholders with comprehensive travel flexibility. With points that never expire, users can redeem them at their own pace for a wide range of travel-related expenses, from flights to car rentals.
Disadvantages
- Annual fee: The card’s $139 annual fee may be a barrier for some users, although it is rebated in the first year under certain conditions.
- Income requirements: With a minimum individual income requirement of $60,000 or $100,000 household income, the card is not accessible to everyone.
- Interest rates: The purchase interest rate of 20.99% and the cash interest rate of 22.99% may be considered high for some users.
A standout disadvantage
The most significant disadvantage of the CIBC Aventura® Visa Infinite* Card is its relatively high income requirement. To qualify for the card, applicants need to have a minimum personal income of $60,000 or a household income of $100,000. This restricts access to the card for individuals who may not meet these financial criteria, making it less inclusive compared to other options in the market.
Who can apply for this card?
To apply for the CIBC Aventura® Visa Infinite* Card, applicants must meet certain eligibility criteria. First, individuals need to be at least 18 years old, which is the legal age to apply for credit in most provinces in Canada. Additionally, they must have a minimum personal income of $60,000 annually or a household income of $100,000.
Applicants should also have a good credit history, which CIBC will assess as part of the approval process. Those with a history of missed payments or high debt may find it challenging to qualify for this card. It’s important to note that this card is generally geared towards individuals with a stable financial profile, and those with negative credit history or financial instability may not be eligible.
How to apply for the CIBC Aventura® Visa Infinite* Card
For the website
To apply through the CIBC website, individuals need to visit the official CIBC Aventura® Visa Infinite* Card page. On this page, applicants can review all the features and benefits of the card before clicking the “Apply Now” button. The application process will guide the user through several steps, including entering personal information such as name, address, income, and employment details.
CIBC will also request information about the applicant’s financial history and existing credit to assess their eligibility for the card. Once all the necessary information has been submitted, applicants can expect a response within minutes. This method is quick and convenient, allowing users to complete the entire process from the comfort of their home.
Through the app
The CIBC mobile app provides another easy way to apply for the Aventura® Visa Infinite* Card. After downloading the app from the App Store or Google Play, users can sign in or create a CIBC account. From there, they can navigate to the credit cards section and select the Aventura® Visa Infinite* Card.
The application process through the app is similar to the online method, requiring users to provide their personal and financial information. Using the app also allows individuals to track their application status in real time. The app’s user-friendly interface ensures that even those new to mobile banking can easily navigate the process.
At the branch
For those who prefer a more personal approach, visiting a CIBC branch is another option. By meeting with a CIBC representative, applicants can discuss the card’s features and ask any questions they might have about the application process. At the branch, the representative will assist with completing the application form and submitting the required documents.
This in-person method allows applicants to receive immediate feedback and clarifications, making it ideal for individuals who might need extra guidance or reassurance during the process. While this method may take longer than applying online or through the app, it offers a more tailored experience for those who prefer face-to-face interaction.
