Dollarwise

CIBC Aventura Gold Visa Card (QC) Review

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Visa > CIBC







Advertising disclosure









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Editorial Note: DollarWise may earn a commission on sales made from partner links on this page.





Performance test results





At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.





You can see our full testing methodology here to learn why we're the most trusted source for credit card reviews.





The {{card.name}} has earned a {{ranking}} DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).









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Insurance











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Acceptance











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Approval











The highest scoring categories for the {{card.name}} are {{score_1}} and {{score_2}}.





These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.





This weighting allows us to judge cards on their merits and the customers they are designed for.





For the {{card.name}} the most important factors for scoring this card are its {{score_1}} and {{score_2}}.





Rewards





With the {{card.name}}, here's the rates at which you earn rewards for different spending categories per dollar you spend:





Bills{{reward_bills}}
Pharmacy{{reward_drug}}
Gas{{reward_gas}}
Groceries{{reward_grocery}}
Restaurants{{reward_restaurant}}
Specific Stores{{reward_store}}
Travel{{reward_travel}}
All Other Spend{{reward_other}}




Calculating your annual rewards





We estimate that spending {{monthlyspend}} per month with the {{card.name}} would earn {{card.rewards}} in rewards over the year.





Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.





We found that you'd earn this per category:





Bills{{bills_dollarrewards}}
Pharmacy{{drug_dollarrewards}}
Gas{{gas_dollarrewards}}
Groceries{{grocery_dollarrewards}}
Restaurants{{restaurant_dollarrewards}}
Specific Stores{{store_dollarrewards}}
Travel{{travel_dollarrewards}}
All Other Spend{{other_dollarrewards}}




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Our study investigating the value found that each dollar spent on the {{card.name}} is worth up to {{card.max_reward}}, depending on how you redeem.





This {{card.rewards}} in rewards value puts the {{card.name}} in the {{decile.annual_rewards}} of credit cards in Canada based on rewards earned.





The average credit card in our database earns {{averages.mean_annual_rewards}} in rewards for the same spend that the {{card.name}} earns {{card.rewards}} in rewards value.





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We can compare this card to other options by looking at the earn rate by category.





This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.





For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.





In this example, that's a 10% earn rate on gas.





SpendThis CardAverage
Bills{{bills_earnrate}}{{averages.mean_bills_earnrate}}
Pharmacy{{drug_earnrate}}{{averages.mean_drug_earnrate}}
Gas{{gas_earnrate}}{{averages.mean_gas_earnrate}}
Groceries{{grocery_earnrate}}{{averages.mean_grocery_earnrate}}
Restaurant{{restaurant_earnrate}}{{averages.mean_restaurant_earnrate}}
Store{{store_earnrate}}{{averages.mean_store_earnrate}}
Travel{{travel_earnrate}}{{averages.mean_travel_earnrate}}
Other{{other_earnrate}}{{averages.mean_other_earnrate}}
Above, we've calculated the earn rate for the {{card.name}} for every spend category and compared it to the average for all Canadian credit cards.




Redemption methodAnnual rewards
Transfer to partner airlines{{transfer_airlines}}
Fixed points travel{{fixed_points_travel}}
Transfer to partner hotels{{transfer_hotel}}
Redeem for travel{{redeem_travel}}
Apply to statement credit{{statement_credit}}
Ticketmaster{{ticketmaster}}
Charity{{charity}}
Gift cards{{gift_cards}}
Amazon.ca{{amazon}}
Merchandise{{merchandise}}
Make investments{{investments}}
Enjoy experiences{{experiences}}
Car rentals{{car_rental}}
Vacations{{vacation}}
Attractions{{attractions}}
Cash rewards{{cash_rewards}}
Grocery rewards{{grocery_rewards}}
Restaurant rewards{{restaurant_rewards}}
Movie rewards{{movie_rewards}}
Apple / BestBuy{{apple_bestbuy}}
Flight rewards{{flight_rewards}}
Airlines Rewards (Charts){{airlines_rewards_chart}}
CIBC financial products{{cibc_financial_products}}
Air travel - redemptions (scheduled){{air_travel_redemptions_schedule}}
RBC travel{{rbc_travel}}
Transfer to WestJet{{transfer_westjet}}
Transfer to Hudson Bay{{transfer_bay}}
RBC financial products{{rbc_financial_products_rewards}}
Air Canada gift cards{{aircanada_gift_card}}
Air Canada vactions{{air_canada_vacations}}
Electronics gift cards{{electronics_gift_cards}}
Cash - World Elite{{cash_worldelite}}
Cash - Platinum Plus{{cash_platinumplus}}
Banking plans{{banking_plans}}
Desjardins financial products{{desjardins_financial_products}}
Expedia travel{{expedia_td}}
Educational rewards{{education_rewards}}
HSBC financial products{{hsbc_financial_products}}
Walmart{{walmart_rewards}}
Triangle (Canadian Tire){{triangle_rewards}}
Meridian travel{{meridian_travel}}
Direct deposit{{direct_deposit_rewards}}
Costco gift cards{{costco_gift_cards}}
Wireless Rogers rewards{{wireless_rogers_rewards}}
1 Rogers rewards{{1_roger_rewards}}
Other Rogers rewards{{other_roger_rewards}}
Other 1 Rogers rewards{{other_1_roger_rewards}}




For an annual spend of {{annualspend}}, we estimated annual rewards value at up to {{total_net_rewards}}.





That's equivalent to a {{total_earn_rate}} return on spending.





The {{card.name}} has an annual fee of {{card.annualFee}}. After deducting this, we predicted net annual rewards of {{net_after_fee}}.





This puts it in the {{decile.net_annual_rewards}} of credit cards for net rewards after fees.





In comparison, the average card earns net annual rewards of {{averages.mean_net_annual_rewards}}.





Fees





The {{card.name}} has a {{card.annualFee}} annual fee.





The average card charges {{averages.mean_annual_fee}}. So, the {{card.name}} is in the {{decile.annual_fee}} of cards based on the cost of the annual fee.





Perks





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We manually review the perks of each credit card to determine how they compare to other cards.





The {{card.name}} scored a {{factor_score_perks}} out of 5 for perks, putting it in the {{decile.factor_score_perks}} of cards.





The average card scores {{averages.mean_factor_score_perks}} out of 5 for perks.





Interest Rates





Purchase{{purchase_interest_rate}}%
Cash Advance{{cash_advance_interest_rate}}%
Balance Transfer{{balance_transfer_interest_rate}}%




The average (median) credit card has a purchase interest rate of {{averages.median_purchase_interest_rate}} and so the {{card.name}} charges {{purchase_interest_diff}} than the average.





For cash advances it costs {{cash_advance_interest_rate}}% compared to the average of {{averages.mean_cash_advance_interest_rate}}.





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Testing the {{card.name}} with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.





Insurance coverage





InsuranceThis CardAverage
Extended Warranty{{warranty}}{{averages.median_warranty}}
Purchase Protection{{purchase_protection}}{{averages.median_purchase_protection}}
Travel Accident{{travel_accident}}{{averages.median_travel_accident}}
Emergency Medical Term{{emergency_medical_term}}{{averages.median_emergency_medical_term}}
Emergency Medical over 65{{emergency_medical_65}}{{averages.median_emergency_medical_65}}
Trip Cancellation{{trip_cancellation}}{{averages.median_trip_cancellation}}
Trip Interruption{{trip_interruption}}{{averages.median_trip_interruption}}
Flight Delay{{flight_delay}}{{averages.median_flight_delay}}
Baggage Delay{{baggage_delay_insurance}}{{averages.median_baggage_delay_insurance}}
Lost or Stolen Baggage{{stolen_baggage}}{{averages.median_stolen_baggage}}
Event Cancellation{{event_cancel}}{{averages.median_event_cancel}}
Rental Car Theft & Damage{{rental_theft_damage}}No
Rental Car Personal Effects{{rental_personal}}{{averages.median_rental_personal}}
Rental Car Accident{{rental_accident}}{{averages.median_rental_accident}}
Hotel Burglary{{hotel_burglary}}{{averages.median_hotel_burglary}}
Mobile Phone Insurance{{mobile_insurance}}{{averages.median_mobile_insurance}}
Personal Effects Insurance{{personal_effects}}{{averages.median_personal_effects}}
Price Protection Insurance{{price_protection}}{{averages.median_price_protection}}




We scored it {{factor_score_insurance}} out of 5 for insurance.





It offers {{insurance_count}} types of insurance, whereas the average card has {{averages.insurance_count}} types of coverage.





Approval and qualifying







Do I qualify?
Estimated Credit Score{{credit_score_low}} - {{credit_score_high}}
Personal Income{{personal_income}}
Household Income{{household_income}}






Fees
Annual Fee{{card.annualFee}}
Extra Card Fee$0
Card type{{card_type}}






We scored it {{factor_score_approval}} out of 5 for approval.





We predict that you will require a credit score of at least {{credit_score_low}} to qualify for the {{card.name}}, while the average card requires {{averages.mean_credit_score_low}} to qualify.





This puts it in the top {{decile.credit_score_low}} of cards by approval difficulty.





The personal income requirements are {{personal_income}}, while the average card requires {{averages.mean_personal_income}}.





This puts it in the {{decile.personal_income}} of cards by the income required to qualify.





The CIBC Aventura Gold Visa Card (QC) is a travel rewards credit card designed for individuals who frequently travel or wish to earn points towards future travel experiences. This card offers a variety of benefits, which we’ll discuss in this review, covering its earning potential, advantages, drawbacks, and additional tips.





Earning potential with the card





The CIBC Aventura Gold Visa Card (QC) offers a flexible rewards program that enables cardholders to earn points for every purchase. The reward rates are as follows:






  • 2 Aventura Points for each $1 spent on travel purchased through the CIBC Rewards Centre




  • 1.5 Aventura Points for each $1 spent at eligible grocery stores, gas stations, and drugstore purchases




  • 1 Aventura Point for each $1 spent on all other purchases





Benefits






  1. Travel insurance: This card offers comprehensive travel insurance coverage, such as emergency medical, trip cancellation/interruption, baggage loss, and car rental insurance, providing a sense of security and peace of mind for its cardholders during their travels.




  2. Aventura points: Cardholders can redeem their earned Aventura Points for flights, cruises, vacation packages, and merchandise from the CIBC Rewards Catalogue, offering great flexibility and choice to suit their tastes and preferences.




  3. No limit to aventura points: There are no limits or caps to the number of Aventura Points that can be accumulated by a cardholder. Additionally, points do not expire as long as the account remains active and in good standing.




  4. CIBC aventura gold visa card: The CIBC Aventura Gold Visa Card (QC) offers mobile device insurance coverage, up to $1,000, for lost, stolen, or damaged smartphones. This is a great benefit for users who want to protect their devices from unforeseen circumstances.





Drawbacks






  1. Drawback: The card has a $120 annual fee (after the first year), which could offset some of the rewards benefits for those who do not spend heavily on travel or other bonus categories with the credit card.




  2. Drawback: The card charges a 2.5% currency conversion fee on purchases made in foreign currencies, which might not make it the best option for frequent international travellers. In such cases, a no foreign transaction fee card may be preferred.





Additional information





Though the CIBC Aventura Gold Visa Card (QC) is an excellent choice for many travelers, it’s essential to analyze individual spending patterns and needs to determine if this card is the right fit. Additionally, keep an eye out for limited-time promotions and welcome offers that could provide added value to potential new cardholders.





Interested in other credit cards? If the CIBC Aventura Gold Visa Card (QC) credit card isn’t perfect for you, you might want to consider the CIBC Aventura Visa Infinite Privilege Card. Plus, many Canadian’s that like the CIBC Aventura Gold Visa Card (QC) like the CIBC Dividend Visa Card, and the CIBC Classic Visa Card.





FAQ







With the CIBC Aventura Gold Visa Card (QC), cardholders can redeem their points for a variety of rewards. These include:






  • Travel rewards: Redeem points for flights, hotel stays, car rentals, and other travel-related expenses. It’s important to note that the Aventura Travel Assistant provides personalized and convenient assistance to help plan and book your trip.




  • Merchandise: A selection of brand-name items is available for redemption, from electronics and home appliances to sports equipment and fashion accessories.




  • Gift cards: Points can be exchanged for gift cards from popular retailers, restaurants, and entertainment providers.




  • Financial products: Cardholders may use their points to contribute to a CIBC investment product, such as a Tax-Free Savings Account or a Registered Retirement Savings Plan, or to pay down their credit card balance.




  • Donations: If you prefer, you can also use your points to make charitable donations to selected organizations







The CIBC Aventura Gold Visa Card (QC) does have foreign transaction fees. When using the card for transactions in a foreign currency, you will be charged a fee of 2.5% on top of the converted Canadian dollar amount. This fee applies to both online purchases in a foreign currency and in-person transactions while traveling outside of Canada.







The CIBC Aventura Gold Visa Card (QC) does not have a specific minimum income requirement. This makes it a more accessible option for a wide range of applicants looking for a travel rewards credit card.







Key benefits






  • Reward Earning: 1 Aventura point per $1 on eligible purchases




  • Welcome Promotion: Up to 20,000 points (based on spending criteria)




  • Travel Options: Flexible flight bookings with any airline, no restrictions




  • Added Perks: Complimentary travel insurance, Visa Infinite Privilege Concierge




  • Protection: 90-day coverage for eligible items against theft, loss, or damage




  • Annual Price: $120 fee, competitive with other premium cards




  • Quebec Exclusive: Card only available for Quebec residents




  • Interest Rates: 20.99% on purchases, 22.99% on cash advances




  • Income Necessity: $15,000 household or $60,000 personal annual income required




  • Category Incentives: None provided for specific spending areas




  • Expiration Terms: Aventura points valid for 60 months, expire after inactivity




  • Currency Charges: 2.5% fee for non-Canadian transactions



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