CIBC Select® Visa* Card
- Promotes a 0% interest rate for up to 10 months on credit card balance transfers (a 1% transfer fee strictly applies).
- Low standard annual fee of $29 with a frequent first-year rebate incentive.
- Journie Rewards integration for consistent gas savings up to 10 cents per litre.
This card has no rewards program. It focuses on low interest rates rather than earning points or cash back.
Welcome bonus
0% interest for up to 10 months on balance transfers, plus first-year annual fee rebate.
Key facts
Annual fee
$29.00
$0 for Additional Card.
Purchase APR
13.99%
Cash advance APR
13.99%
Foreign transaction fee
2.5%
Income required
$15,000 household
Credit score
660+
Balance transfer fee
1% of amount transferred
Quebec residents — terms may differ
Low standard rates apply in Quebec (13.99%), with overlimit fees waived and a 5% minimum monthly payment required.
Rates and fees sourced from CIBC's official card page →
Perks & benefits
Promotes a 0% interest rate for up to 10 months on credit card balance transfers (a 1% transfer fee strictly applies).
Low standard annual fee of $29 with a frequent first-year rebate incentive.
Journie Rewards integration for consistent gas savings up to 10 cents per litre.
This card has no rewards program. It focuses on low interest rates rather than earning points or cash back.
Insurance coverage
- Optional CIBC Travel Insurance available for purchase.
Pros & cons
Pros
- Low regular interest rate helps reduce borrowing costs
- Balance transfer promo can support short-term debt repayment
- Low annual fee and first-year rebate improve affordability
- Simple structure makes it easy to understand and compare
Cons
- No rewards or cash back program is highlighted by CIBC
- Balance transfer offer includes a 1% transfer fee
- Interest-free grace period on new purchases can be affected
- Travel and insurance perks are limited versus rewards cards
Eligibility requirements
- Canadian resident, age of majority.
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