Annual fee
CA$29
Rewards rate
N/A
Welcome Bonus
0% introductory interest rate
Apply Now →on CIBC's website
- No rewards breakdown available
Welcome Bonus:
Get a 0% introductory interest rate on balance transfers for up to 10 months with a 1% transfer fee and a first-year annual fee rebate.
Reward Rate:
N/A
This card shines for its 0% introductory interest rate on balance transfers, making it a smart choice for those looking to manage existing debt effectively.
Pros:
- First-year annual fee rebate
- 0% interest on balance transfers
Cons:
- No rewards program
- Standard interest rate applies after promotion
The CIBC Low Interest Visa Card is particularly suitable for individuals seeking to consolidate or manage existing debt, thanks to its 0% introductory interest rate on balance transfers and a low annual fee. However, it may not be the best option for those looking for rewards or perks typically associated with other credit cards.