CIBC AC Conversion Visa Prepaid Card review

AC Conversion Card perks

• Easy transfers. You can easily transfer from one currency to another using the CIBC AC Conversion app.
• ATM withdrawals. ATM withdrawals are free at CIBC ATMs within Canada.
• Free international ATM withdrawal. Get one free ATM withdrawal per month when you take money out while travelling abroad.
• Security features. Protect your money even if your wallet gets lost or stolen with advanced chip and PIN technology on every card.
• Shop online. Use your CIBC AC Conversion Card to shop online in Canada or with foreign currency on global e-commerce sites.
• Streamlined mobile app. Download the AC Conversion mobile app to track your money, check your balance and transfer between currencies on the go.

What to watch out for with this CIBC Air Canada card

• No access to credit. You have to load funds into your account to spend money.
• Currency conversion fees. You’ll have to pay exchange rates to transfer your money between currencies.
• International ATM withdrawal fees. You’ll be charged $3.50 CAD (or equivalent) when you withdraw cash from an ATM outside of Canada (but you get 1 free non-CIBC ATM usage per month).
• No basic insurance. This card doesn’t come with basic insurance such as purchase protection or extended warranty.
• No travel insurance. You won’t get extended travel benefits such as travel medical, trip interruption, baggage or hotel/motel insurance when you sign up.
• No travel perks. This card doesn’t come with premium travel perks such as car rental insurance, airport lounge access or free checked baggage.

What should I know before I apply for this CIBC Air Canada prepaid card?

Eligibility requirements

To apply for the CIBC AC Conversion Visa Prepaid Card, you need to meet the following criteria:

• Be a Canadian citizen or permanent resident who is at least 18 years old

Required documents and information:

• Your name, residential status and contact information
• Your Social Insurance Number (SIN) and date of birth
• Your email address and phone number

How to apply for the CIBC AC Conversion Visa Prepaid card

1. Click “Go to Site” on this page or on this secure link here to be directed to your CIBC account application
2. Read through the disclosure statement details and click “Accept & Continue”
3. Complete the application with details that include your name, email address, Social Insurance Number and birth date
4. Review and submit your application

Compare the CIBC AC Conversion Card with other prepaid cards

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Name	Product	Monthly Fee	Cost per transaction	Foreign transaction fee	Rewards	Feature
EQ Bank Card EQ Bank Card		$0	$0	0%	0.5% cash back		Get 2.50% - 3.00% interest on your money and get 0.5% CashBack on every purchase.	Go to site More Info	Compare	loading Fetching your data...
OFFER KOHO Easy Prepaid Mastercard KOHO Easy Prepaid Mastercard	OFFER	$0	$0	1.5%	1% cash back	Use promo code FINDERCODE and receive a $20 cash bonus into your KOHO balance once you make your first purchase within 30 days of signing up.	Earn 1% cash back on groceries and transportation. Plus, earn 0.5% interest on your entire balance.	Go to site More Info	Compare	loading Fetching your data...
OFFER KOHO Extra Prepaid Card KOHO Extra Prepaid Card	OFFER	$9/month or $84 annually	$0	0%	Up to 2% cash back	Use promo code FINDERCODE and receive a $20 cash bonus into your KOHO balance once you make your first purchase within 30 days of signing up.	Earn 2% instant cash back on groceries, eating and drinking and transportation, and 0.5% cash back on all other purchases. Plus, earn 4.50% interest on your entire balance up to $1,000, and 3.00% on anything higher. Enjoy a free 30-day trial.	Go to site More Info	Compare	loading Fetching your data...

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Bottom line

The CIBC AC Conversion Visa Prepaid Card lets you spend money in up to 10 select currencies when you travel or shop overseas. It comes with no annual fee and offers a 1% cashback return on purchases for a limited time when you sign up. Just watch out for international ATM withdrawal fees if you’re trying to keep your costs down.

CIBC AC Conversion Visa Prepaid Card FAQs

• Does the CIBC AC Conversion Visa Prepaid Card come with a welcome offer?

  Yes. Earn 1% cashback on every dollar you spend for a limited time. Beyond this time, you won't be able to claim cashback on your purchases. Load up to 10 different currencies with 1 card, earn 1% cash back on all spend and avoid fees.

• Will I save money with the CIBC AC Conversion Visa Prepaid Card?

  That depends on how much you spend in your first few months. You'll be able to earn $10 for every $1,000 you spend on your card until your welcome offer runs out. You'll also save money on foreign transaction fees when you spend money overseas (since most cards charge you an extra 0% to make purchases overseas).

• How do I check my balance with the CIBC AC conversion card?

  You can check your balance for your CIBC AC Conversion Visa Prepaid Card by signing into your online account, using the AC conversion mobile app or calling the number on the back of your card to speak to an agent.

• How much can I load onto my AC Conversion card at one time?

  The maximum amount you can load onto your account is $3,000 in any 24-hour period. The maximum you can hold in your account across multiple currencies is $20,000. There's no minimum limit for how much you can load onto or hold on your card.

• Can I apply for the CIBC AC Conversion Visa Prepaid Card online?

  Yes, you can apply by using this secure this link here to be redirected to the CIBC website or you can simply click "Go to Site" in the table above to be redirected to the application.

• How many currencies can I load onto my CIBC AC Conversion Card?

  You can load up to 10 currencies onto this CIBC Air Canada AC Conversion Card, including Canadian dollars, U.S. dollars, Euros, Pounds Sterling, Australian dollars, Mexican pesos, Japanese Yen, Hong Kong dollars, Turkish lira and Swiss francs.