CIBC

CIBC Select Visa

Start with first-Year Annual Fee Rebate Offer, worth about $29.

Annual fee
$29
Income required
$15,000

household

Typical credit · 660+
CIBC Select Visa📉 Low Interest

Welcome bonus

New cardmembers can earn first-Year Annual Fee Rebate Offer, worth roughly $29, by completing the steps below.

How to earn it

  • $29 annual fee rebateReceive rebate when the annual fee is charged in the first year and credited back to the account

Available to new approved CIBC Select Visa Cardholders who apply through eligible promotional channels. Not available to existing or prior Select Visa cardholders.

How you earn

  • 13.99% standard interest rate applied on purchases (low-interest structure rather than cashback rewards)
  • Promotional 0% interest on balance transfers for up to 10 months (on eligible transferred balances)
  • No rewards earn program (no cashback, points, or travel rewards structure)

Built-in perks & coverage

Balance Transfer Promotion

0% interest on eligible balance transfers for up to 10 months with a 1% transfer fee, helping reduce existing credit card interest costs.

First-Year Annual Fee Rebate

Annual fee is rebated for the first year for new approved cardholders, lowering upfront cost of holding the card.

Low Purchase Interest Rate

Standard purchase and cash interest rate of 13.99%, designed to reduce ongoing interest expenses compared to typical credit cards.

Global Money Transfer Fee Waiver

Send money internationally with no transfer fee and no cash advance interest when the balance is paid in full by the due date.

Journie Fuel Savings

Save up to 10 cents per litre at participating fuel stations when linking Journie Rewards with an eligible CIBC card.

Skip+ Membership Access

Eligible cardholders can access complimentary Skip+ membership benefits including delivery fee savings and monthly voucher rewards.

Card Management and Security Tools

Includes fraud alerts, spend controls, card locking, and dispute resolution tools via CIBC Online and Mobile Banking.

Disney+ Promotional Offer

Eligible cardholders may receive statement credits toward Disney+ Standard with Ads subscriptions during promotional periods.

The verdict

What we like

  • Low 13.99% interest rate on purchases and cash advances
  • 0% promotional balance transfer for up to 10 months
  • First-year annual fee rebate

Worth noting

  • No cashback or rewards program
  • Balance transfer fee applies (1%)
  • Foreign transaction fee of 2.5% applies

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