Best CIBC Credit Cards in Canada 2023

CIBC—the Canadian Imperial Bank of Commerce—is one of the “Big Five” banks in Canada, providing the full spectrum of financial services and products to people around the country. That product offering includes a wide variety of credit cards in most card categories, like travel rewards, cash back, low interest, student, business, and more.

Choosing the right CIBC credit card can be daunting because there are typically multiple options for each card type. We’ve made your life a little easier by narrowing the CIBC card suite down to the very best cards on offer and going into detail about their strengths and weaknesses.

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Best CIBC Low Interest Card

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CIBC Select Visa* Card

Offer Overview

The CIBC Select Visa* Card is one of Canada’s strongest low interest cards overall, and is particularly notable for its best-of-both-worlds balance transfer deal: New cardholders can get 0% interest on balance transfers for 10 months, with a low 1% balance transfer fee.^† Aside from its balance transfer promotion the card also offers a competitive 13.99%^† Purchase Annual Interest Rate, 13.99%^† Cash Advance Annual Interest Rate, as well as 13.99%^† a Balance Transfer Annual Interest Rate on balance transfers made outside the special promotion. The $29 annual fee makes it relatively low risk to try out, particularly given that the fee is rebated for the first year.^†

Key Features

• Annual Fee: $29 (first year rebate)^†
• Balance Transfer Promotion: 0% interest for up to 10 months with a 1% transfer fee^† and a first year annual fee rebate^†
• Rates: 13.99%^† Purchase Annual Interest Rate, 13.99%^† Cash Advance Annual Interest Rate, and 13.99%^† Balance Transfer Annual Interest Rate

Greedy’s Take

The CIBC Select Visa* Card is a solid low interest card overall, and a market leader in balance transfer promotions. It’s a great option for those who are carrying high-interest credit card debt and need a window of opportunity to pay it off, without worrying about it accumulating more interest in the process.

Click here to apply or learn more by reading our complete CIBC Select Visa* Card review.

^† Conditions apply

Quebec Residents – Learn More about this CIBC product here

Résidents du Québec : Pour en savoir plus sur ce produit CIBC, suivez ce lien

Best CIBC Cash Back Card

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CIBC Dividend Platinum^® Visa Card

Offer Overview

The CIBC Dividend Platinum^® Visa* Card stands out as an excellent credit card for earning cash back on gas and groceries, with a 3% cash back rate in both those categories after the Welcome Offer ends^†. The card’s overall value is made even more impressive given its relatively easy access: Anyone who earns more than $15K annually and has a good credit score is eligible^†.

Key Features

• Annual Fee: $99 (first year rebated)^†
• Welcome Offer: Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $250!^†
• Regular Earn Rates: After the Welcome Offer ends 3% cash back on gas and groceries^†; 2% cash back on eligible transportation, dining purchases and recurring payments^†, 1% cash back on all other purchases^†; Get cash back on demand – redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®^†
• Supplementary Cards: $30 per year (3 max)
• Interest Rates: 20.99%^† Purchase Annual Interest Rate, 22.99%^† (for non-Quebec residents only) Cash Advance Annual Interest Rate and 22.99%^† (for non-Quebec residents only) Cash Advance Annual Interest Rate

Greedy’s Take

The CIBC Dividend Platinum^® Visa* Card has some of Canada’s best cash back rates for gas and groceries, which are typically the two largest line items in an average budget. Take a look at your monthly expenditures: if gas and groceries are where you’re putting most of your loonies, we recommend that you strongly consider switching to this card. There’s no annual fee the first year^†, and you can make up the $99 annual fee in cash back thereafter if you spend at least $275 each month on gas and groceries.

Click here to apply or learn more by reading our complete CIBC Dividend Platinum^® Visa* Card review.

This is a digital-exclusive offer.^† To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.^†

^†Conditions apply

Quebec Residents – Learn More about this CIBC product here

Résidents du Québec : Pour en savoir plus sur ce produit CIBC, suivez ce lien

Best CIBC Travel Card

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CIBC Aventura^® Gold Visa* Card

Offer Overview

With a lucrative welcome offer, solid earn rates, a valuable lounge access package, and comprehensive insurance, the CIBC Aventura^® Gold Visa* Card offers very well rounded value for any traveller. The card’s combined travel value is particularly notable given its low minimum annual household income requirement of $15,000^†; travel credit cards of this caliber usually require a $60K minimum annual income or more. The Aventura^® Points that the card earns are noteworthy, because unlike with many travel rewards programs, Aventura^® Points can be used to cover taxes and fees, and they can be redeemed at a max value of up to $0.02 per point. That’s double the redemption value you’ll get for most travel rewards programs.

Key Features

• Annual Fee: $139 (first year rebate)^†
• Welcome Offer: Join and get over $1,250 in value including a first year annual fee rebate^†!
• Earn Rates: 2 points per $1 spent on travel booked through the CIBC Rewards Centre^†; 1.5 points per $1 spent on gas, groceries, and drugstore purchases (up to $80K in all card purchases annually)^†; 1 point per $1 spent on all other purchases^†
• Lounge Access: Elevate your airport experience with 4 complimentary visits at 1,200+ lounges globally through Visa Airport Companion Program: over $190 in value.^†
• Insurance Highlights: Up to $500 in combined flight delay coverage; emergency travel medical insurance applies even if your trip was not charged to the card^†
• Special Feature: NEXUS application fee rebate ($50 U.S. value)^†
• Interest Rates: 20.99%^† Purchase Annual Interest Rate, 22.99%^† (for non-Quebec residents only) Cash Advance Annual Interest Rate, and 22.99%^† (for non-Quebec residents only) Balance Transfer Annual Interest Rate

Greedy’s Take

There are a number of competitive travel credit cards in Canada, but what makes this card stand out to us is its accessibility. If you have a good credit score and are willing to pay the annual fee, you can most likely qualify for it regardless of your income, which is very rare among travel credit cards at this level. Those who are interested in the card and make more than $60K^† annually should instead apply for the CIBC Aventura^® Visa Infinite* Card, which has a slightly better insurance package and identical features otherwise.

Click here to apply or learn more by reading our complete CIBC Aventura® Gold Visa* Card review.

This is a digital-exclusive offer.^† To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.^†

^†Conditions apply

Quebec Residents – Learn More about this CIBC product here

Résidents du Québec : Pour en savoir plus sur ce produit CIBC, suivez ce lien

Best CIBC No Annual Fee Card

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CIBC Dividend^® Visa* Card

Offer Overview

Though the CIBC Dividend^® Visa* Card is the most appealing no annual fee card among the CIBC card suite, it’s not super competitive with other top no annual fee cards pound for pound, and its cash back structure is a bit complicated. After the Welcome Offer ends, get 2% cash back on eligible grocery purchases and up to 1% on everyday purchases like books, movies, food and more^†, 1% cash back on gas, transportation, dining purchases, and recurring payments^†, and 0.5% cash back on all other purchases.^†

Key Features

• Annual Fee: $0
• Welcome Offer: Get 5% cash back for the first 4 statements on net purchases of up to $2,000 (up to $100 cash back).^†
• Earn Rates: After the Welcome Offer ends, get 2% cash back on eligible grocery purchases and up to 1% on everyday purchases like books, movies, food and more;^† 1% cash back on eligible gas, transportation, dining purchases and recurring payments^†; 0.5% cash back on all other purchases^†; also, get cash back on demand – redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®^†
• Other Features: Low-interest installment payments available via CIBC’s Pace It^TM program^†
• Interest Rates: 20.99%^† Purchase Annual Interest Rate, 22.99%^† (for non-Quebec residents only) Cash Advance Annual Interest Rate, and 22.99%^† (for non-Quebec residents only) Balance Transfer Annual Interest Rate

Greedy’s Take

The CIBC Dividend^® Visa* Card is an ok option if you absolutely need a Visa card, as, for whatever reason, most of the top no annual fee cards in Canada are Mastercards. But if you’re willing to compromise on that front, we suggest exploring other options. There are other no annual fee cards that can potentially earn back as much or more on groceries, like the BMO CashBack Mastercard or the PC Financial World Elite Mastercard, and there are also alternative no annual fee cash back cards that earn 1% or more on all spending, all the time, like the AMEX SimplyCash.

Click here to apply or learn more by reading our complete CIBC Dividend^® Visa* Card review.

This is a digital-exclusive offer.^† To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.^†

^†Conditions apply

Quebec Residents – Learn More about this CIBC product here

Résidents du Québec : Pour en savoir plus sur ce produit CIBC, suivez ce lien

Best CIBC Student Card

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CIBC Dividend^® Visa* Card for Students

Offer Overview

This student version of the Dividend^® Visa* Card is quite similar to the regular Dividend card, but is available exclusively to students in post-secondary education. Though it has the same cash back structure as the regular Dividend^® Visa* Card, its welcome offer is slightly different: New cardholders get an easy $60 in cash back after making their first purchase within the first 4 months.^†

Key Features

• Annual Fee: $0
• Welcome Offer: Get $60 cash back after you make your first purchase within the first 4 months!^†
• Earn Rates: Get 2% cash back on eligible grocery purchases and up to 1% on everyday purchases like books, movies, food and more^†; 1% back on transportation, dining, and recurring payments^†; 0.5% cash back on all other purchases^†
• Special Feature: Eligible student clients can get a free SPC+ membership, and receive over 450 deals on everyday purchases, bigger discounts, special experiences and exclusive giveaways.^†
• Interest Rates: 20.99%^† Purchase Annual Interest Rate, 22.99%^† (for non-Quebec residents only) Cash Advance Annual Interest Rate, and 22.99%^† (for non-Quebec residents only) Balance Transfer Annual Interest Rate

Greedy’s Take

CIBC appears to be one of the few banks where students are actually given preferential treatment; the welcome bonus that comes with this student version of the Dividend card makes the card perhaps even more appealing than the regular version. Plus it has the added advantages of SPC membership (normally $10 per year).^†  Overall it’s one of the strongest student cards in Canada.

Click here to apply for the CIBC Dividend® Visa* Card for Students.

This is a digital-exclusive offer.^† To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.^†

^† Conditions apply

Quebec Residents – Learn More about this CIBC product here

Résidents du Québec : Pour en savoir plus sur ce produit CIBC, suivez ce lien

Want to Look Beyond CIBC?

If you didn’t find a CIBC card on this list that meets your needs, consider switching focus to another card issuer. We recommend that you start by checking out our list of the best credit cards in Canada, which might open your eyes to some great cards that you weren’t previously aware of. If you’re still not sure which card is best for you, you can always email us with a description of what you’re looking for. We’ll be happy to recommend a few options.