CIBC Aventura Visa Infinite Card (QC) Review
Pros
- Generous welcome bonus of up to 35,000 Aventura Points
- Comprehensive travel insurance package included
- Earn 2 points for every $1 spent on travel through the CIBC Rewards Centre
- Earn 1.5 points for every $1 spent on gas, grocery, and drugstore purchases
- Earn 1 point for every $1 spent on all other purchases
- No foreign transaction fees on purchases made outside Canada
- Visa Infinite Concierge service and Visa Infinite Luxury Hotel Collection access
- Mobile device insurance coverage
Cons
- $139 annual fee
- Québec residents only
- High income requirements ($60,000 individual or $100,000 household)
- Limited to redeeming points through the Aventura Rewards Program
- Aventura Points expire after 60 months
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With CIBC Aventura Visa Infinite Card (QC), here’s how you earn rewards:
| Pharmacy | 1.50 points |
| Gas | 1.50 points |
| Groceries | 1.50 points |
| All Other Spend | 1 point |
How much your rewards are worth
The dollar value of your rewards depends on the specific CIBC rewards program and what you choose to redeem your points for.
For CIBC Aventura Visa Infinite Card (QC) in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:
| Redemption method | Annual rewards |
|---|---|
| Redeem for travel | $279.00 |
| Apply to statement credit | $231.57 |
| Charity | $279.00 |
| Gift cards | $198.09 |
| Merchandise | $198.09 |
| Airlines Rewards (Charts) | $638.91 |
| CIBC financial products | $231.57 |
Calculating your annual rewards
$24,000.00 annual spending x $2.66% return on spending = $638.91 annual rewards
$638.91 annual rewards – $139.00 annual fee = $$499.91 net annual rewards
Details and eligibility
| Do I qualify? | |
|---|---|
| Estimated Credit Score | 660 – 724 |
| Personal Income | $60,000.00 |
| Household Income | $100,000.00 |
| Interest Rates | |
|---|---|
| Purchase | 20.9% |
| Cash Advance | 21.9% |
| Balance Transfer | 21.9% |
| Fees | |
|---|---|
| Annual Fee | $139.00 |
| Extra Card Fee | $0 |
| Card type | Visa |
Insurance coverage
| Extended Warranty | 1 year |
| Purchase Protection | 90 days |
| Travel Accident | 500000 |
| Emergency Medical Term | 15 days |
| Emergency Medical over 65 | 3 days |
| Trip Cancellation | 1500 |
| Trip Interruption | 2000 |
| Flight Delay | 500 |
| Baggage Delay | 500 |
| Lost or Stolen Baggage | 500 |
| Rental Car Theft & Damage | Yes |
| Hotel Burglary | 2500 |
| Mobile Phone Insurance | 1000 |
CIBC Aventura Visa Infinite Card (QC) Review
The CIBC Aventura Visa Infinite Card (QC) is a versatile travel rewards credit card that offers cardholders a variety of perks and benefits. In this review, we’ll discuss the earning potential with the card, four key benefits, two drawbacks, and additional information that may be useful to potential users.
1. Earning Potential with the Card
The CIBC Aventura Visa Infinite Card (QC) earns Aventura points on various spending categories. Cardholders earn 2 points per $1 spent on travel purchased through the CIBC Rewards Centre, 1.5 points per $1 spent on gas, groceries, and drugstore purchases, and 1 point per $1 spent on all other purchases.
2. Benefit 1: Travel Perks
The first major advantage of this card is its travel perks. Cardholders enjoy preferential treatment at over 1,200 airport lounges worldwide, with a priority pass membership, along with a rebate on their Nexus application fees and access to CIBC’s comprehensive travel insurance package.
3. Benefit 2: Flexible Redemption Options
Cardholders can redeem their Aventura points for travel, merchandise, gift cards or statement credits, providing flexibility in how they use their rewards. Additionally, the Aventura points never expire as long as the card remains open, allowing users to save for a future dream vacation or big-ticket item.
4. Benefit 3: Signup Bonus and First-Year Fee Rebate
New cardholders can take advantage of a generous signup bonus and receive a full rebate on the annual fee for the primary and up to three additional cards when they meet certain criteria during their first year.
5. Benefit 4: Mobile Device Insurance and Purchase Security
This card offers protection on purchases by providing mobile device insurance up to $1,000 and purchase security for eligible items purchased with the card. Additionally, there’s extended warranty and price protection benefits on select items.
6. Drawback 1: Annual Fee
The first significant drawback of this card is the annual fee of $139 for the primary cardholder, which can be a significant expense for many users. Additional cards carry a $50 annual fee.
7. Drawback 2: Limited Transfer Partners
Although Aventura points offer some flexibility, the program has limited transfer partners compared to other travel rewards credit cards. Users seeking more extensive transfer options should consider a card with more comprehensive partnerships.
8. Additional Information
The CIBC Aventura Visa Infinite Card (QC) shines in offering travel perks, flexible redemption options, and valuable insurance coverages to its users. This card may be suitable for frequent travelers seeking a rewards card with a range of benefits, but potential cardholders should also be aware of the annual fees and limited transfer partner options.
Is the CIBC Aventura Visa Infinite Card (QC) not convincing you? Consider the CIBC Dividend Platinum Visa Card or the CIBC Aventura Visa Card. Still not the right credit card? Make sure not to miss the CIBC Dividend Visa Infinite Card (QC).
FAQ
Key benefits
- Welcome offer: Earn up to 35,000 Aventura Points
- Travel insurance: Comprehensive coverage for various scenarios
- Reward rates: 2 points/$1 (CIBC Rewards Centre); 1.5 points/$1 (gas, grocery, drugstore); 1 point/$1 (other purchases)
- Foreign transactions: Zero additional fees on international purchases
- Visa Infinite privileges: Concierge services and exclusive hotel collection access
- Mobile protection: Extensive device insurance provided
- Annual fee: $139 per year
- Geographic limitation: Exclusively for Québec residents
- Income requirements: Minimum $60,000 (individual) or $100,000 (household) per annum
- Redemption restrictions: Points can only be redeemed via Aventura Rewards
- Point expiration: 60-month validity period
