CIBC Visa Classic (USD)

Credit Card
No annual fee, Rewards, Travel

CIBC Visa Classic (USD)

Welcome offer
No current welcome offer available
Features
  • Pay No Annual Fee, Ever
  • Earn Rewards with Every Purchase
  • Ideal for first-time cardholders
Annual Fee
US$ 0.00
Purchase
Interest Rate
20.00%
Cash
Advance Rate
25.00%
Minimum
Payment
3.00%
Learn more
  • No Annual Fee: Enjoy the benefits of a credit card without the burden of an annual fee, making it a great option for budget-conscious individuals.
  • Rewards Program: Automatic enrollment in the CIBC My Rewards program, allowing you to earn points on purchases.
  • Online Management: Easy online and mobile access for card activation and transaction tracking.
  • Chip & PIN Technology: Benefit from advanced chip technology for secure in-person transactions, along with a PIN for added security.
  • Contactless Payments: Make quick and easy purchases with a simple tap or wave of your card wherever contactless payments are accepted.
  • Shop Worldwide: Use your card for purchases anywhere Visa is accepted, both locally and internationally.
  • Build Credit History: This card is a good option for first-time cardholders or those looking to establish or improve their credit history.
  • Credit Limit: Offers a credit limit of USD 1,500 or the local currency equivalent.
  • 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.

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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