CIBC Aventura Visa Infinite Card

CIBC Aventura Visa Infinite Card Overview

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The CIBC Aventura Visa Infinite Card is an excellent rewards credit card for Canadians who want to earn points on their daily spending. If you are looking to benefit from travel privileges as a CIBC client, then you should also consider this card.

Some of the features include a flexible reward program, extensive insurance benefits. There are other features that might appeal to frequent travellers.

Network

Visa

Provider

CIBC (Canadian Imperial Bank of Commerce)

Card type

Travel Rewards

Rewards

The card uses the CIBC Aventura rewards program, allowing cardholders to earn Aventura points on all eligible purchases:

2 points per $ 1 spent on travel that is bought from the CIBC Rewards Centre
1.5 points per $1 on purchases made at: Gas stations, grocery stores, drug stores and electric vehicle charging stations
1 point for every dollar spent on all other goods and services.

CIBC Aventura Visa Infinite Card - comparewise

Welcome bonus

New cardholders can earn up to 45,000 Aventura points:

Earn 15,000 Aventura points once the first purchase is made
Receive 30,000 Aventura points when you make a purchase of $3000 or more in the first four statement with Aventura.

The sign up bonus that is offered here is up to $900 in travel rewards.

Cashback

There are no cashback rewards in the loyalty program associated with this card. Rather, it has a travel-oriented rewards structure, which is supported by the Aventura points system.

Rewards plans

Aventura points can be redeemed for various rewards, with travel being the most valuable option:

Travel Rewards: Customers get a chance to redeem points for flights, hotels, car rentals, and other vacations through the CIBC Rewards Centre. So the Aventura Airline Rewards Chart makes revenue proportionate to the flights’ redemption rates.
Merchandise and Gift Cards: The points can be used to purchase items, and although their options are often as lucrative as cash equivalents, gift cards or other incentives are sometimes awarded.
Financial Products: It can be exchanged for CIBC financial products such as a deposit to TFSA or used for paying the mortgage.
Statement Credits: Instead of cash back, points, rewards can be used for statement credits, which offer the basic redemption value.

Key perks

Airport Lounge Access: Visa Airport Companion Program is provided to the cardholders, which offers four complimentary visits per year to more than 1200 airport lounges globally.
NEXUS Application Fee Rebate: application fee for NEXUS will cost $50 or $75, and applicants will get rebate for the same every four years.
Mobile Device Insurance: Included up to $1,000 for lost, stolen, or damaged due to an accident of the enrolled mobile devices.
Comprehensive Travel Insurance: These are out of province emergency medical insurance, trip cancellation/interruption insurance, flight and baggage delay insurance and other related insurances.
Visa Infinite Benefits: Visa Infinite Luxury Hotel Collection, the Visa Infinite Dining Series, and concierge services.
Save on Gas: Connect your card with Journie Rewards to get up to $0.10 off per litre with participating fuel stations.

Costs and fees

Annual Fee: $139 (often waived for the first year as part of promotional offers)
Additional Card Fee: $50 per year
Purchase Interest Rate: 20.99%
Cash Advance Interest Rate: 22.99% (21.99% for Quebec residents)
Balance Transfer Interest Rate: 22.99% (21.99% for Quebec residents)
Foreign Transaction Fee: 2.5%

FAQs about the
CIBC Aventura Visa Infinite Card

How do I redeem my CIBC Aventura points?

CIBC rewards can be used on different reward options through Aventura points from the CIBC Rewards Centre, either online or by phone. They include travel bookings, merchandise, gift cards, and financial products, such as contributions to a TFSA or a mortgage payment. The best redemption is usually travel, specifically, Aventura Airline Rewards Chart for flights.

Do CIBC Aventura points expire?

The CIBC Aventura points do not have an expiration date as long as the account is still open and active. This implies that one can build up points even to the extent of many years without the possibility of losing accumulated points. However, in the event of a cancellation of the account or the account being closed by CIBC, the points not redeemed will be invalid.

What is the minimum income requirement for the CIBC Aventura Visa Infinite Card?

The only requirement that one needs to meet before applying for the CIBC Aventura Visa Infinite Card is the minimum annual income of $60,000 for an individual. On the other hand, you can qualify if your household income is every year one hundred thousand dollars and more. It is quite standard for the application of travel rewards cards to have these income requirements, particularly on premium cards in Canada.

Can I transfer my Aventura points to airline loyalty programs?

The CIBC Aventura points cannot be transferred directly to the loyalty programs of airlines such as Aeroplan or Air Miles in a direct manner. However, you have an opportunity to use Aventura points with the CIBC Rewards Centre to book flights on different airlines. This scenario has its benefits since it gives you the opportunity to shop around for different carriers without being tied to specific airline programs.

How does the airport lounge access work with this card?

The CIBC Aventura Visa Infinite Card comes with a Visa Airport Companion Program membership, and holders are allowed 4 free visits a year. It can be accessed at over 1,200 airport lounges worldwide thus creating a comfortable environment for the passenger before boarding the plane. Any further lounge visits, outside the amount provided by the program, can be availed of at a lesser price.

Is travel medical insurance included with this card?

Yes, the CIBC Aventura Visa Infinite Card has out of province emergency medical insurance among the numerous benefits that it offers. Each traveller is covered up to the extent of 15 calendar days, and the policyholder must be 64 years of age or younger on each journey. For people who are over sixty-five years old, the coverage is available only for three days per trip.

General Terms

This offer applies to the following eligible cards: CIBC Aventura® Visa Infinite* and CIBC Aventura® Gold Visa* Card. You can qualify for this offer if you apply and are approved for a new eligible card beginning July 4, 2024. If you apply and are approved for a new eligible card, you can receive: i. A welcome bonus of 15,000 Aventura Points when you make your first purchase. ii. An additional bonus of 20,000 Aventura Points if you have at least $3,000 in net purchases posted to your account during the first 4 monthly statement periods. A one-time annual fee rebate for you — the primary cardholder — and up to 3 authorized users added at the time of the application. This offer does not apply to annual fees for authorized users that are added after you submit your application. This offer applies for the first year only. If your application for an eligible card is not approved, you may be considered for another card, as disclosed in your credit card application. If you are approved for that card, this annual fee rebate offer will apply in the amount of the annual fee, if any, of the alternate card. If you qualify, the rebate will be awarded to you and will appear as a credit against the applicable annual fee(s) within two statements. Your new credit card account must be open and in good standing at the time the rebate is awarded. Offer applies to newly approved card accounts only; transfers from an existing CIBC credit card to a CIBC Aventura® Visa Infinite* Card or CIBC Aventura® Gold Visa* Card are excluded. Card account must be open and in good standing at the time the bonus Aventura Points are awarded. Aventura Points are awarded to you within 8 weeks after all qualifying purchase(s) are posted to your account. For this offer, the following do not qualify as purchases: cash advances, CIBC Global Money Transfers™, balance transfers, CIBC Convenience Cheques, fees, interest, Aventura Points redemptions and payments. It may take up to several business days for purchases to be posted to your account. This offer is not transferable. This offer may be withdrawn or changed without prior notice at any time. CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Aventura card within the last 12 months. This offer may be revoked if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion. Receive one (1) statement credit up to a maximum value of $100 CAD when NEXUS application fee is charged to an eligible card, regardless of NEXUS application approval. Limit one (1) statement credit every 4 years. You must use your eligible card to pay the NEXUS application fee. In order to be eligible for the statement credit, cardholders must be in good standing at the time the application fee is charged. CIBC has no control over the NEXUS program including, but not limited to, application approval process, enrollment, or fees charged. NEXUS eligibility requirements are determined by the Canada Border Service Agency (CBSA) and the U.S. Customs and Border Protection (US CBP), and can be found on their web siteOpens in a new window. A NEXUS◊ application fee valued at $50 US. Value of $67 CA (foreign exchange rate of 1.34 USD as of December 14, 2023). Effective October 1, 2024, the NEXUS application fee will increase to $120 US. You will receive a rebate of up to $100 CA for your NEXUS application fee once every 4 years.