CIBC Visa Business

Credit Card
General

CIBC Visa Business

Welcome offer
No current welcome offer available
Features
  • Effortless Expense Management
  • Global Acceptance: Accepted at millions of merchants worldwide
  • Manage your cash flow with flexible repayment options
Annual Fee
J$ 7,898.00
Purchase
Interest Rate
40.00%
Cash
Advance Rate
40.00%
Minimum
Payment
10.00%
  • Streamlined Operations: Save time and effort managing your business by simplifying payments and cash flow. The Visa Business Card allows you to focus on what matters most – growing your business.
  • Enhanced Financial Control: Gain greater control over company expenses and financing by reducing reliance on cash. The card provides clear records and helps you track spending effectively.
  • Supplementary Card: Enhance your business by adding a supplementary cardholder to your credit card for a fee of just J$3,426/annum.
  • Flexible Repayment Options: Choose repayment options that suit your business needs. Pay the minimum balance each month or opt for full payment to manage your cash flow strategically.
  • Simplified Accounting: Separate business and personal expenses effortlessly. This simplifies record-keeping and tax filing for both you and your employees.
  • Fast Access to Cash: Obtain cash advances at over 1 million ATMs globally through the Visa/PLUS network, ensuring liquidity wherever business takes you.
  • Global Acceptance: Accepted at over 24 million merchant locations worldwide, including car rental companies and hotels, providing flexibility and convenience for business transactions.
  • Transparent Fee Details: Enjoy peace of mind with transparent and detailed fee information provided in the CIBC Schedule of Charges, enabling you to make informed financial decisions.

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Investment Disclosure - Managed Funds

Please note that past performance of managed funds, including unit trusts and mutual funds, does not guarantee future results. While historical performance can provide valuable insights into a fund’s track record and management capabilities, it should not be the sole basis for making investment decisions.

Managed funds are subject to market fluctuations, economic conditions and various other factors that may affect their performance. Investors should carefully consider their investment objectives, risk tolerance and financial situation before investing in any managed fund.

Additionally, it’s essential to conduct thorough research and consult with a qualified financial advisor to ensure that the selected managed fund aligns with your individual investment goals and preferences.

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Fixed Income Investment Disclaimer:

  • Interest Rate Risk: The value of your fixed income investment may decline if interest rates rise. As rates go up, investors may be able to earn higher returns on new investments, potentially making your existing fixed-rate investment less attractive.
  • Credit Risk: There is always the possibility that the issuer of a fixed income security, like a CD, may default on their obligation to repay your principal or interest. This risk is generally lower with government-backed securities but can be higher with corporate bonds.
  • Market Volatility: Even fixed income investments can experience some price fluctuation, especially in secondary markets where they may be sold before maturity.
  • Early Withdrawal Penalties: Some fixed income investments, like CDs, may impose penalties if you withdraw your funds before the maturity date.

Before investing in any fixed income product, carefully consider your investment goals, time horizon, and risk tolerance. It’s important to understand the specific features and risks associated with each type of investment. Consider consulting with a financial advisor to ensure these investments align with your overall financial plan.

This information is for general purposes only and does not constitute financial advice.

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Last Updated: March 8, 2024. 

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