CIBC Select Visa

First-year $29 annual fee rebate for eligible new accounts

Minimum annual household income $15,000. Canadian residency, age-of-majority and issuer approval requirements apply.

Eligible online applications: 0% for up to 10 statement periods from application on transfers of at least $100, up to the assigned cash limit and 50% of the credit limit. Fee: 1% outside Quebec; no promotional transfer fee in Quebec. CIBC and Simplii balances are excluded. Standard 13.99% applies after the offer. Two consecutive missed required payments can end it early.

At least 21 days on qualifying purchases when the amount due is paid in full. Carrying a promotional transfer balance removes the interest-free purchase grace period unless the entire amount due is paid. No grace period on advances or transfers.

Outside Quebec: interest, applicable fees, installment payments, the greater of overdue/overlimit amounts, plus up to $10. Quebec: greater of 5% or $10, plus installment payments and the greater of overdue/overlimit amounts. If the amount due is below $10, pay that amount. See the issuer summary for installment exclusions.

2.5% conversion fee on foreign purchases and foreign refunds. Refunds do not reverse the original conversion fee; exchange rates may also change.

Up to three additional cards, $0 annual fee each.

Outside Quebec: cash advances $5 in Canada/$7.50 abroad, overlimit $29 per statement, returned payment $42.50, rush card $20, mailed statement $2.25 (age/accessibility exceptions). These fees are waived in Quebec. Statement copies $10; dishonoured transfer/convenience cheque $40; inactive credit balance after 360 days: lesser of $10 or balance. Other promotional transfer fees can be up to 5% and installment fees up to 3%, except Quebec. Check the issuer summary before using these services.

Two missed required payments in a 12-month period can raise purchase APR to 25.99% and advance/transfer APR to 27.99% for at least 12 months.

No included travel or purchase insurance is advertised in the current guide. Optional insurance costs extra and is not included in estimates.

It depends on whether the extra rewards and benefits you actually use outweigh the $29 annual fee. Use your spending to compare the ongoing value after fees.

The published foreign transaction fee is 2.5%. Exchange rates and other applicable charges can still affect your cost. See the issuer’s terms.

We match eligible spending to each card’s reward rules, account for spending limits and subtract fees. You can check the breakdown and adjust assumptions. Welcome offers and ongoing rewards are shown separately.