Download the CIBC AC Conversion app to track your money, check your balance and transfer between currencies on the go.
Finder makes money from featured partners, but editorial opinions are our own.
CIBC AC Conversion Visa Prepaid Card review
- Monthly Fee
- $0
- Cost per transaction
- $0
- Foreign transaction fee
- 0%
- Rewards
- 1% cash back
Our verdict
Load up to 10 currencies onto this prepaid CIBC AC Conversion Card and manage your funds through CIBC’s online portal or mobile app.
The CIBC AC Conversion Card is a prepaid card designed to manage your funds when you travel or shop overseas. This includes giving you easy access to 10 popular currencies and letting you transfer between them quickly and easily using the CIBC AC Conversion app mobile app.
Best for: Travellers looking for a prepaid card that can be loaded up with multiple currencies for no-fee spending when abroad.
Pros
-
No foreign transaction fees
-
Manage up to 10 currencies
-
Easy transfers
-
No interest
-
Easy-to-use CIBC AC Conversion mobile app
Cons
-
No access to credit since it's a prepaid card
-
No travel insurance
-
No health insurance
-
No travel perks
CIBC AC Conversion Card: The basics
If you want a prepaid card that gives you access to multiple currencies and comes with a decent offer, you may want to consider the CIBC AC Conversion Visa Prepaid Card.
- No annual fee. You won’t have to pay an annual fee to maintain the CIBC AC Conversion card.
- No interest. Save money on interest when you make purchases since all funds will be preloaded onto your card.
- No foreign transaction fees. Avoid paying an additional 0% in foreign transaction fees on every dollar you spend overseas.
- Multiple currencies. Load up to 10 currencies onto your card using the AC conversion online portal or mobile app.
Which currencies can I load onto my CIBC AC Conversion Visa Prepaid Card?
You can load the following currencies onto your CIBC AC Conversion Visa Prepaid Card using the CIBC AC Conversion app: Canadian dollars, U.S. dollars, Euros, Great British Pounds, Australian dollars, Japanese Yen, Hong Kong dollars, Turkish lira, Swiss francs and Mexican pesos.
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
- Go to CIBC’s site to be directed to your CIBC account application.
- Read through the disclosure statement details and click “Accept & Continue”
- Complete the application with details that include your name, email address, Social Insurance Number and birth date
- Review and submit your application
Compare the CIBC AC Conversion Card with other prepaid cards
1 - 1 of 1
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. Just watch out for international ATM withdrawal fees if you’re trying to keep your costs down.
Frequently asked questions
Your reviews
No reviews yet.
Write a review
More resources on Finder
Guides
Reviews
Getting started