The ClearFin bottom line
📉 Low Interest
This card is designed primarily for access to credit rather than rewards. The $29 annual fee should be weighed against the rewards and benefits you expect to use.
Checked 2026-08-09 · Official issuer catalogueIndependent ClearFin review · CIBC
CIBC Select Visa
Start with first-Year Annual Fee Rebate Offer, worth about $29.
Independent comparisonFees includedCanadian card data
- Annual fee
- $29
- Card type
- Low interest
- Welcome offer
- $29
- Insurance
- Not listed
Current new-cardmember offer
Confirm with the issuer
📉 Low Interest
Welcome bonus
First-Year Annual Fee Rebate OfferEstimated value: $29
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
Offer details
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)
Costs and requirements
Fees & eligibility
Confirm final approval criteria and current rates directly with the issuer.
Annual fee$29
Purchase interest13.99%
Cash advance interestConfirmCheck current issuer rate
Foreign transaction fee2.5%
Income requirementNot statedIssuer approval criteria apply
Household income$15,000Alternative minimum
Recommended credit score660+ Fair to Good
The CIBC Select Visa Card is designed for balance transfer and interest reduction rather than rewards accumulation. It is typically used by applicants seeking debt consolidation and lower interest costs.
300Poor
560Fair
660+Good
725Very Good
760Excellent
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. Estimated approval range only and not published by CIBC. Approval is based on credit history, income, debt servicing capacity, and overall risk profile. Meeting minimum income requirements does not guarantee approval.
Reward limits: The CIBC Select Visa Card does not offer a rewards earning program. It is structured as a low-interest and balance transfer card rather than a cashback or points-based product.
Using your rewards
Redemption options
Redemption values and availability may vary by option and can change.
This card is not currently listed with a points or cash-back redemption program; its value is primarily tied to credit access or borrowing cost.
Beyond the points
Benefits that come with the card
Consider these extras by the value they add to purchases and experiences you already use.
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.
Protection included
Insurance at a glance
No included coverage is verified in ClearFin's current catalogue.
Insurance is not currently listed for this product.
This does not prove that coverage is unavailable. Confirm the issuer's current certificate and benefit guide before relying on protection.
Check the official card page ↗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
ClearFin analysis
Our detailed review
A practical reading of where the card earns, what the fee buys, and which limits matter.
📉 Low Interest
Low purchase & cash advance interest rate. No rewards. Best for carrying a balance.
How the rewards work
This card does not currently list a rewards return in ClearFin's catalogue. Its value is primarily tied to credit access and account management rather than points or cash back.
What the annual cost means
The $29 annual fee should be justified primarily by benefits you will actually use.
Who it may suit
It may suit someone prioritizing access to credit or rebuilding history, provided the issuer's approval terms and any security-deposit requirements fit their situation.
What to examine before applying
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
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Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.