Traveling provides individuals with the chance to see the world with a new perspective. Through the CIBC Aventura Visa* Credit Card, new cardholders can get up to 5,000 bonus points by signing up. 2,500 Aventura Points will be given to people who spend $500 or more during the first 4 months of opening their account.
These points can be towards booking flights, accommodations, vacation packages, or by helping a charitable institution. Aside from these, cardholders can also use their points to shop or pay their respective bills.
An additional 500 Aventura Points may be rewarded to users. However, to be awarded these points, clients will have to complete a series of tasks within 60 days of opening their account. These include providing CIBC with an email address, signing up eStatements, adding an authorized user, and so on.
Cardholders who are interested in multiplying their points can do so by purchasing eligible items such as groceries, gasoline, or by booking a trip. Items bought at grocery stores, gas stations, drugstores, and travel will be given 1 point for every $1 spent. All other spends will garner 1 point for every $2 spent.
Qualification and Eligibility
Applications for this credit card can be done online. Other options include calling CIBC’s hotline or going to a physical branch.
To qualify for the program, applicants must be Canadian residents and be the age of majority in their province. In addition, interested parties must not have declared bankruptcy in the last 7 years. Lastly, potential customers should have a minimum gross household annual income of $15,000.
CIBC will require applicants to provide personal information, as well as employment and salary details. Other information will be asked at the bank’s discretion. The minimum credit limit for this card is $500 depending on the applicant’s creditworthiness.
Fees and Charges
There is no annual fee for this credit card and for supplementary cards under this. The interest rate for purchases is 19.99%, while the interest rate for cash transactions come up to 22.99%. An over-limit fee of $29 will also be charged.