- No rewards breakdown available
The CIBC Select Visa Card offers a welcome promotion featuring a first-year annual fee rebate and 0% interest for up to 10 months on balance transfers of $100 or more (with a 1% transfer fee).
The CIBC Select Visa Card is a low-interest card rather than a traditional points or cash-back rewards card, but it offers specific perks and savings benefits.
The CIBC Select Visa Card is particularly appealing for those looking to transfer balances, offering a generous 0% interest for the first 10 months, making it a strategic choice for managing debt.
Pros:
- 0% interest for balance transfers
- First-year annual fee rebate
Cons:
- No rewards program
- Higher interest rates after promotional period
The CIBC Select Visa Card is best suited for individuals seeking to manage existing debt through balance transfers, as it offers a 0% interest rate for the first 10 months. With a low annual fee of CA$29, it provides a cost-effective option for those prioritizing financial stability over rewards.