Everywhere you look you are being bombarded with credit card offers so much so that you are no longer certain which ones are legitimate and which ones are laden with fees that are hidden in all of that fine print.  As you are reading the title of this article you are probably thinking, ‘here is another one’ and it is understandable why you might be thinking this way because credit card companies are engaging in overkill when it comes to promotion.

What is CIBC?

You may find that the CIBC Visa card is different since it is distributed by CIBC Retail Markets and Wholesale Banking, a Canadian-based financial institution that is publicly traded on the New York Stock Exchange.  The Retail Markets sector provides personal banking, business banking and wealth management services.  CIBC World Markets, Inc. is the wholesale banking branch of CIBC which provides a wide variety of credit, investment banking, and merchant banking.

CIBC offers several different types of Visa cards that offer rewards, dividends, and higher purchasing power including cards for students and protection against credit card and identity theft.

Types of CIBC Visa Credit Cards

CIBC offers many different levels of Visa cards which range from a basic plan to cards that contain many benefits.

• CIBC Classic Visa Card – This card offers a credit limit of $500 minimum with no annual fee with up to a maximum of three cards.  Card holders enjoy the standard benefits which include car rental discounts, accident insurance, purchase security, and a suite of security and protection that guards against credit card and identity theft.  There are also upgrades for this basic card which include the Select Visa card and the Platinum which offer additional opportunities and benefits.

• CIBC Dividend Card – This card offers more features and benefits than the classic card such as opportunities to earn up to one percent cash back on net purchases, automatic coverage for replacement, repairs on purchases, and reimbursement on purchases that are charged to your card.  You can also receive accident insurance up to $100,000 as well as discounts on car rentals.  CIBC also offers the Dividend Platinum and Dividend Infinite Card which offer enhanced benefits such as two percent cash back with no over limit fees, access to the CIBC Visa website packed with special offers, and CIBC CreditSmart that helps you manage your account online and monitor your account for any suspicious activity.

• CIBC Aerogold Visa Card – The Aerogold card provides elite benefits which include a welcome bonus of 15,000 Aeroplan Miles plus 1.5 Aeroplan Miles for every dollar you spend at fueling stations, grocery stores, and drug stores.  You also get 1 Aeroplan Mile for every dollar on your card at other locations.  Aerogold card holders also have access to any seat on Air Canada which includes the Executive Class as well as a guarantee that you do not lose Aeroplan Miles you have accumulated due to account inactivity.

• CIBC Aventura Visa Card – This card allows you all of the benefits of the Aerogold card plus the opportunity to earn Aventura points for every dollar that is charged to your card.  You can redeem the points from a wide array of rewards.  You also get access to the CIBC Visa website to view your account and monitor against identity theft, access to travel services which includes a full-services travel planning and booking agency, and CIBC CreditSmart which allows you to enjoy customized tools for managing your account and security features that protect you against fraud.

CIBC credit card rates and fees are clearly spelled out without any hidden or unexpected costs.  There is also an array of optional services available at a discount which can protect you when you travel and take care of your payments in the event of disability.