CIBC Aventura Visa Infinite Privilege Card Review
Pros
- Generous welcome bonus
- High earning rate on travel, dining, and gas
- Comprehensive travel insurance
- Lounge access and priority airport services
- Flexible rewards redemption options
Cons
- High annual fee
- Standard earnings rate on non-bonus categories
- Limited benefits for everyday purchases
- Minimum income requirement
- Not optimal for those seeking cashback or low-interest rates
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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 CIBC Aventura Visa Infinite Privilege Card has earned a 4.70 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).
5.0
Rewards
0.4
Fees
3.0
Perks
2.5
Interest rates
4.0
Insurance
5.0
Acceptance
2.5
Approval
The highest scoring categories for the CIBC Aventura Visa Infinite Privilege Card are rewards and insurance.
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 CIBC Aventura Visa Infinite Privilege Card the most important factors for scoring this card are its rewards and insurance.
Rewards
With the CIBC Aventura Visa Infinite Privilege Card, here’s the rates at which you earn rewards for different spending categories per dollar you spend:
| Bills | 1.25 points |
| Pharmacy | 1.25 points |
| Gas | 1.6 points |
| Groceries | 1.6 points |
| Restaurants | 1.6 points |
| Specific Stores | 3 points |
| Travel | 1.25 points |
| All Other Spend | 1.25 points |
Calculating your annual rewards
We estimate that spending $2,000 per month with the CIBC Aventura Visa Infinite Privilege Card would earn $822 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:
| Gas | $88 |
| Groceries | $220 |
| Restaurants | $88 |
| Specific Stores | $82 |
| All Other Spend | $344 |
Our study investigating the value found that each dollar spent on the CIBC Aventura Visa Infinite Privilege Card is worth up to $0.02, depending on how you redeem.
This $822 in rewards value puts the CIBC Aventura Visa Infinite Privilege Card in the top 10% of credit cards in Canada based on rewards earned.
The average credit card in our database earns $337 in rewards for the same spend that the CIBC Aventura Visa Infinite Privilege Card earns $822 in rewards value.
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.
| Spend | This Card | Average |
|---|---|---|
| Bills | 2.86% | 1.25% |
| Pharmacy | 2.86% | 1.17% |
| Gas | 3.66% | 1.48% |
| Groceries | 3.66% | 1.71% |
| Restaurant | 3.66% | 1.53% |
| Store | 6.87% | 1.94% |
| Travel | 2.86% | 1.19% |
| Other | 2.86% | 1.08% |
| Redemption method | Annual rewards |
|---|---|
| Redeem for travel | $359 |
| Apply to statement credit | $298 |
| Charity | $359 |
| Gift cards | $255 |
| Merchandise | $255 |
| Airlines Rewards (Charts) | $822 |
| CIBC financial products | $298 |
For an annual spend of $24,000, we estimated annual rewards value at up to $822.
That’s equivalent to a 3.42% return on spending.
The CIBC Aventura Visa Infinite Privilege Card has an annual fee of $499. After deducting this, we predicted net annual rewards of $323.
This puts it in the top 40% of credit cards for net rewards after fees.
In comparison, the average card earns net annual rewards of $254.
Fees
The CIBC Aventura Visa Infinite Privilege Card has a $499 annual fee.
The average card charges $85. So, the CIBC Aventura Visa Infinite Privilege Card is in the top 10% of cards based on the cost of the annual fee.
Perks
We manually review the perks of each credit card to determine how they compare to other cards.
The CIBC Aventura Visa Infinite Privilege Card scored a 3.0 out of 5 for perks, putting it in the top 10% of cards.
The average card scores 1.6 out of 5 for perks.
Interest Rates
| Purchase | 20.99% |
| Cash Advance | 22.99% |
| Balance Transfer | 22.99% |
The average (median) credit card has a purchase interest rate of 19.99% and so the CIBC Aventura Visa Infinite Privilege Card charges 1% more than the average.
For cash advances it costs 22.99% compared to the average of 19.96%.
Testing the CIBC Aventura Visa Infinite Privilege Card with a $2,000 starting balance, you can see in the graph how the 1% more in interest rates impacts the interest over a year, compared to the average card.
Insurance coverage
| Insurance | This Card | Average |
|---|---|---|
| Extended Warranty | 2 years | 1 year |
| Purchase Protection | 180 days | 90 days |
| Travel Accident | $500,000 | $500,000 |
| Emergency Medical Term | 31 days | 15 days |
| Emergency Medical over 65 | 10 days | 4 days |
| Trip Cancellation | $2,500 | $1,500 |
| Trip Interruption | $5,000 | $2,000 |
| Flight Delay | $500 | $500 |
| Baggage Delay | $500 | $500 |
| Lost or Stolen Baggage | $2,500 | $1,000 |
| Rental Car Theft & Damage | Yes | No |
| Hotel Burglary | $2,500 | $1,000 |
| Mobile Phone Insurance | $1,500 | $1,000 |
We scored it 4.0 out of 5 for insurance.
It offers 13 types of insurance, whereas the average card has 5 types of coverage.
Approval and qualifying
| Do I qualify? | |
|---|---|
| Estimated Credit Score | 760 – 900 |
| Personal Income | $200,000 |
| Household Income | $200,000 |
| Fees | |
|---|---|
| Annual Fee | $499 |
| Extra Card Fee | $0 |
| Card type | Visa |
We scored it 2.5 out of 5 for approval.
We predict that you will require a credit score of at least 760 to qualify for the CIBC Aventura Visa Infinite Privilege Card, while the average card requires 652 to qualify.
This puts it in the top top 10% of cards by approval difficulty.
The personal income requirements are $200,000, while the average card requires $23,896.
This puts it in the top 10% of cards by the income required to qualify.
The CIBC Aventura Visa Infinite Privilege Card is a premium travel rewards credit card aimed at individuals who frequently travel, whether for business or leisure.
The card provides generous point earning potential, as well as several useful benefits that will make the travel experience more comfortable and enjoyable.
In this review, we will discuss the earning potential with the card, list four benefits and two drawbacks, and provide other relevant information for potential users.
Earning potential
The CIBC Aventura Visa Infinite Privilege Card features an attractive rewards structure that covers various spending categories. Cardholders earn:
- 3 Aventura points for every $1 spent on travel purchases made through the CIBC Rewards Centre
- 2 Aventura points for every $1 spent on dining, entertainment, and transportation purchases
- 1.5 Aventura points for every $1 spent on purchases at grocery and gas stations
- 1 Aventura point for every $1 spent on all other purchases
Benefits
- Extensive Travel Benefits: The first major advantage of this card is the extensive array of travel benefits. Cardholders are eligible for a Priority Pass membership, granting access to over 1,200+ airport lounges worldwide and a Nexus application fee rebate.
Additionally, the card offers travel medical, trip cancellation, trip interruption, and flight delay insurance. - Welcome Bonus: The second benefit is the generous welcome bonus. New cardholders can earn up to 50,000 Aventura points within the first year, which can be redeemed for flights, hotels, car rentals, or vacation packages.
This can provide a significant boost towards your travel expenses when you first sign up for the card. - Enhanced Earning Potential: This card offers enhanced earning potential for personal financial management tools, such as CIBC’s Smart Balance Alert and CIBC’s Overdraft Protection Service.
These services can help you manage your finances more effectively and avoid potential fees or penalties. - Luxury Lifestyle: The CIBC Aventura Visa Infinite Privilege Card comes with a variety of luxury lifestyle benefits, such as premium concierge services, exclusive event access, and unique experiences. These perks can make your everyday life and travel more enjoyable and memorable.
Drawbacks
- Drawback: The first significant drawback of this card is the high annual fee of $499. While the card offers a plethora of benefits, this fee may be a considerable barrier for some individuals looking to maximize their credit card rewards without a high upfront cost.
- Drawbacks: Another drawback is the income requirements for this card. To qualify for the CIBC Aventura Visa Infinite Privilege Card, applicants need to have a minimum annual income of $150,000 for individuals or $200,000 for households.
This requirement can limit the card’s accessibility for some potential users.
Additional information
In conclusion, the CIBC Aventura Visa Infinite Privilege Card is well-suited for frequent travelers who can benefit from its high point earning potential, travel benefits, and luxury lifestyle perks. However, potential users should consider if the high annual fee and income requirements are justified, given their spending habits and priorities.
Interested in other credit cards? Canadians that like the CIBC Aventura Visa Infinite Privilege Card credit card also like the CIBC Aeroplan Visa Card for students. If you’re looking for other options you should consider the CIBC Classic Visa Card for Students, and the CIBC Aventura Gold Visa Card.
FAQ
Key benefits
- Welcome offer: up to 50,000 Aventura Points
- Earn rate: 2x points on travel, 1.5x points on dining and gas, 1x point on other purchases
- Annual fee: $499 CAD
- Additional card fee: $99 CAD per supplementary card
- Airport Priority: Valet and chauffeur services, Fast Track security lines
- Lounge access: Priority Pass membership, access to Air Canada Maple Leaf lounges
- Minimum income requirement: $150,000 (individual) or $200,000 (household)
- Travel insurance: Emergency medical insurance, trip cancellation or interruption, flight delay, baggage loss, car rental coverage
- NEXUS application fee credit: up to $100 CAD every 48 months
- Purchase protection and extended warranty benefits
- Mobile device insurance: up to $1,000 coverage
