Dollarwise

CIBC Aventura Gold Visa Card Review

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Visa > CIBC







Advertising disclosure









{{card.name}} Review







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Pros











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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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Rewards











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Fees











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Perks











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Interest rates













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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.





How you earn rewards





Part of choosing a card is deciding the type of rewards you want. The {{card.name}} is one of the best CIBC credit cards and here's how you earn rewards:





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




The CIBC Aventura Gold Visa Card is an attractive option for Canadians who enjoy travel rewards. If a lot of your monthly spend comes through gas and groceries, this might be a good card for you because these categories give 1.5 points per dollar you spend.





Earning rewards with the CIBC aventura gold





The CIBC Aventura Gold Visa Card earns Aventura Points on eligible purchases. Point rewards are distributed as follows:






  • 2 Aventura Points per $1 spent on travel booked through the CIBC Rewards Centre




  • 1.5 Aventura Points per $1 spent on gas, groceries, and at drugstores




  • 1 Aventura Point per $1 spent on all other purchases





Benefits






  1. Spend Your Points on Travel With Cibc: Cardholders have access to personalized travel planning and booking through the CIBC Rewards Centre, where they can use their Aventura Points for flights, hotels, cruises, and more.




  2. Aventura Gold Card Includes Travel Insurance: This card provides comprehensive travel insurance coverage, including out-of-province emergency travel medical insurance, trip cancellation/interruption insurance, and baggage and personal effects insurance.




  3. Car Rental Discounts and Coverage: Cardholders can enjoy discounts on rental cars, as well as complimentary car rental collision/loss damage insurance when using the Aventura Gold Visa Card for rentals.




  4. Flexible Redemption Options for Aventura Points: Aventura Points can be used for various rewards, such as flights on any airline without blackout dates, gift cards, merchandise, or statement credits against eligible travel purchases.

    The card also offers a “Points for Other Purchases” program, which allows users to redeem points toward practically anything they buy using the card.





Drawbacks






  1. Annual Fee: A significant drawback of the CIBC Aventura Gold Visa Card is the annual fee of $120, which can offset some of the reward value.




  2. Less Competitive Rewards Given the Fee: The overall reward rate of this card may be less competitive when compared to other travel rewards cards in the market, particularly for those who spend more on categories other than travel, gas, groceries, and at drugstores.





Additional information





Interested in other credit cards? If the CIBC Aventura Gold Visa Card credit card isn’t perfect for you, you might want to consider the CIBC Aeroplan Visa Card. Plus, many Canadian’s that like the CIBC Aventura Gold Visa Card like the CIBC US Dollar Aventura Gold Visa Card, and the CIBC AC Conversion Visa Prepaid Card.





FAQ







With the CIBC Aventura Gold Visa Card, you can redeem your accumulated Aventura Points for various rewards. These rewards include:






  • Travel: You can use your points to book flights, hotels, cruises, vacation packages, and car rentals through the CIBC Rewards Centre. Additionally, you can combine points and cash to make redemptions.




  • Merchandise: Redeem your points for a wide range of products, such as electronics, home appliances, fashion items, and more, available through the CIBC Rewards Catalogue.




  • Gift Cards: You can exchange your points for gift cards from popular retailers, restaurants, and entertainment venues.




  • Financial Products: Use your points to make payments toward your CIBC mortgage, line of credit, or loan, or to contribute to a CIBC investment product like a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA).




  • Charitable Donations: Optionally, you can donate your Aventura Points to support various charitable organizations.







The CIBC Aventura Gold Visa Card does come with foreign transaction fees. CIBC charges a fee of 2.5% on purchases made in a foreign currency, which is in addition to the converted amount of the transaction.





This percentage is standard across many Canadian credit card issuers when making transactions in a currency other than Canadian dollars.







Yes, the CIBC Aventura Gold Visa Card has a minimum income requirement. For a primary cardholder, the required minimum annual income is $15,000 for both Canadian residents and non-residents. Also, the applicant should be able to demonstrate a good credit history to be eligible for the card.







Key benefits






  • Welcome bonus of up to 20,000 Aventura Points upon qualifying purchases




  • Aventura Points do not expire for cardholders, ensuring long-term rewards




  • Complimentary first checked bag for air travel when rewards are redeemed




  • 24/7 access to personalized travel planning services




  • Mobile device insurance covering eligible smartphones and tablets




  • Access to Visa Infinite Dining Series and Wine Country experiences




  • No foreign transaction fee on purchases made outside of Canada




  • Invitations to special events and promotions exclusive to cardholders




  • Assistance for services, such as roadside emergencies, as part of Visa Infinite Privilege Concierge




  • Flexibility to redeem rewards points on merchandise, gift cards, and activities



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