CIBC Aventura Visa Infinite Card Review

3.00

$139.00

Annual Fee

$638.91

Annual Rewards

40,000 points

Intro Offer

$139.00

Annual fee

$638.91

Annual rewards

40,000 points

Intro offer


Pros


  • Welcome bonus: Generous sign-up bonus offers for new cardholders
  • Reward points: Earn Aventura Points on eligible purchases, with bonus points on travel, dining, and transportation spending
  • Flexible redemption: Use points towards a wide range of travel options, including flights, hotels, and vacation packages
  • Travel insurance: Comprehensive travel insurance coverage, including trip cancellation, medical, and baggage loss
  • Priority services: Access to airport lounge and priority boarding with the Visa Infinite Privilege benefit
  • No blackout dates: Book travel with no restrictions on airlines or peak travel times

Cons


  • Annual fee: $139 annual fee, although it may be waived for the first year in some promotions
  • Foreign transaction fees: 2.5% foreign currency conversion fee on international purchases
  • Limited partnerships: Fewer airline and transfer partners compared to competing travel rewards cards
  • Credit score: Requires a strong credit score for approval and high income eligibility requirements
  • Interest rates: Higher than average interest rates on purchases and cash advances
  • Redemption restrictions: Points cannot be used to cover taxes, surcharges, or fees on travel redemptions

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, here’s how you earn rewards:

Pharmacy1.5 points
Gas1.5 points
Groceries1.5 points
All Other Spend1 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 in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:

Redemption methodAnnual 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 Score660 – 724
Personal Income$60,000.00
Household Income$100,000.00
Interest Rates
Purchase20.9%
Cash Advance21.9%
Balance Transfer21.9%
Fees
Annual Fee$139.00
Extra Card Fee$0
Card typeVisa

Insurance coverage

Extended Warranty1 year
Purchase Protection90 days
Travel Accident500000
Emergency Medical Term15 days
Emergency Medical over 653 days
Trip Cancellation1500
Trip Interruption2000
Flight Delay500
Baggage Delay500
Lost or Stolen Baggage500
Rental Car Theft & DamageYes
Hotel Burglary2500
Mobile Phone Insurance1000

CIBC Aventura Visa Infinite Card Review

The CIBC Aventura Visa Infinite Card is a travel rewards credit card that offers a variety of earning opportunities and valuable benefits for cardholders. Let’s take a closer look at its features, including its earning potential, four primary advantages, two drawbacks, and any other relevant details that might be pertinent for those considering this card.

Earning Potential

The CIBC Aventura Visa Infinite Card allows cardholders to earn Aventura Points on their everyday spending, with higher reward rates in specific categories. Cardholders can earn 2 points per $1 spent on travel purchased through the CIBC Rewards Centre, 1.5 points per $1 on gas, grocery, and dining expenses, and 1 point per $1 on all other purchases. These reward rates make the card an attractive option for those who regularly spend in the bonus categories.

Benefits

  1. Generous Welcome Offer: The CIBC Aventura Visa Infinite Card comes with a significant welcome offer, enabling new cardholders to earn up to 35,000 Aventura Points within the first year, providing a value of around $800 in travel rewards. Cardholders can receive 20,000 points upon their first purchase and an additional 15,000 points when they spend $10,000 in the first 12 months.
  2. Complimentary Travel Insurance: This card provides various complimentary travel insurance coverages, including out-of-province emergency medical coverage, trip cancellation and interruption insurance, and auto rental collision/loss damage insurance. These benefits can save cardholders significant sums in the event of unforeseen circumstances, easing the financial burden such accidents might entail.
  3. Airport Lounge Access: CIBC Aventura Visa Infinite Cardholders receive a Priority Pass membership with four complimentary visits per year to over 1,300 airport lounges worldwide. This perk adds extra comfort and convenience, making air travel more enjoyable and relaxing for cardholders.
  4. Flexible Travel Redemption: The Aventura Points earned through this card offer flexible travel redemptions, with no blackout dates or airline restrictions. Cardholders can redeem their points on flights, hotels, car rentals, cruises, vacation packages, and more through the CIBC Rewards Centre, maximizing the utility of their rewards.

Drawbacks

  1. Annual Fee: The CIBC Aventura Visa Infinite Card has an annual fee of $139, which may deter some potential cardholders. However, the value generated from the card’s various benefits can quickly offset this cost for individuals who extensively utilize their credit card for everyday spending and are frequent travelers.
  2. Earning Limitations: Although the card offers attractive reward rates, the 1.5x bonus for gas, grocery, and dining expenses is limited to your first $80,000 spent per year in those categories, after which it drops to 1x points earned per $1 spent. Consequently, this cap might limit the earning potential for high spenders in these particular categories.

Additional Information

Cardholders also have access to the Visa Infinite Concierge service, which provides 24/7 personalized assistance with various tasks such as travel planning, dining reservations, and event ticket purchases. Moreover, the Visa Infinite program entitles card members to exclusive dining and wine country experiences and other valuable perks.

In summary, the CIBC Aventura Visa Infinite Card is an appealing choice for individuals who regularly spend on travel and the bonus categories of gas, groceries, and dining. The multitude of benefits, such as its generous welcome offer, complimentary travel insurance, and airport lounge access, make this card a valuable addition to any Canadian traveler’s wallet.

Interested in other credit cards? Canadians that like the CIBC Aventura Visa Infinite Card credit card also like the CIBC Classic Visa Card. If you’re looking for other options you should consider the CIBC Aeroplan Visa Card for students, and the CIBC Aventura Visa Card for Students.

FAQ

<p>With the CIBC Aventura Visa Infinite Card, cardholders can redeem their points for a variety of rewards. These include:</p> <ul> <li><strong>Travel:</strong> Aventura points can be used to book flights, vacation packages, cruises, and car rentals through the CIBC Rewards Centre. You have the flexibility to fly with any airline and no blackout dates.</li> <li><strong>Merchandise and gift cards:</strong> Points can be redeemed for a wide range of merchandise such as electronics, home appliances, fashion items, and more through the online catalogue. In addition, you can use your points to get gift cards for popular retailers, restaurants, and entertainment venues.</li> <li><strong>Financial and credit card products:</strong> Aventura points can also be used towards select CIBC financial products and services, such as paying down your credit card balance, GICs, and more.</li> <li><strong>Experiences and exclusive offers:</strong> Redeem your points for unique experiences, such as special events, one-of-a-kind adventures, and access to premium offers available only to Aventura cardholders.</li> </ul>

The CIBC Aventura Visa Infinite Card does have foreign transaction fees, which are often referred to as forex fees. When you make purchases in a foreign currency using this credit card, you will incur a foreign currency conversion fee. This fee is calculated as a percentage of the transaction value and is typically around 2.5% for the CIBC Aventura Visa Infinite Card. The final amount you pay for your foreign transactions will be a combination of the converted amount at the daily exchange rate and the associated foreign transaction fees.

Yes, the CIBC Aventura Visa Infinite Card has a minimum income requirement for applicants. Individuals must have a minimum annual income of $60,000 or a minimum household income of $100,000 to be eligible for this card.

Key benefits

  • Stellar welcome offer: Earn substantial bonus points as an introductory gift for new members
  • Amplified reward earnings: Regular points accrual on qualifying expenditures, boosted rates for categories like travel, dining, and transportation
  • Travel aspiration-centric: Points redeemable for diversified travel essentials such as flights, lodging, and holiday packages
  • Insurance perks: All-encompassing travel insurance coverage incorporating trip termination, health emergencies, and luggage misplacement
  • Premier advantages: Partake in airport lounges and expeditious boarding access through the Visa Infinite Privilege tier
  • Liberation from restrictions: Uninhibited flight bookings, devoid of impediments like airline constraints or peak period limitations
  • Yearly commitment: $139 yearly card membership cost, potentially waived during initial year under certain campaigns
  • International trade-offs: 2.5% foreign exchange fee for overseas transactions
  • Partnership scarcity: A smaller ensemble of partnering airlines and transfer opportunities compared to rival reward programs
  • Exclusive prerequisites: Approvals contingent on high creditworthiness and substantial income thresholds
  • Soaring interest charges: Elevated interest rates applicable to both purchases and cash advances
  • Redemption caveats: Taxation, additional fees, and surcharges not eligible for point utilization during travel bookings

About The Author