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CIBC US Dollar Aventura Gold Visa Card review

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CIBC US Dollar Aventura Gold Visa Card
Welcome Offer
2,500 points
Rewards
Up to 1 points per $1 spent
Annual Fee
$0 annual fee for the first year ($35 thereafter)
Purchase Interest Rate
20.99%
Cash Advance Rate
22.99%
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Summary

Earn Aventura Points and save money on currency conversion fees when you make purchases in the US. 

Earn 1 point for every $1 spent on travel purchased through the CIBC Rewards Centre, and 1 point for every $2 spent everywhere else.

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The CIBC US Dollar Aventura Gold Visa Card is a card for Canadians who regularly shop or travel in the US. You’ll earn one Aventura Point for every two dollars you spend on your card and you won’t pay currency conversion fees since your account balance is held in US dollars. The only catch is that any outstanding balance needs to be paid in US dollars if you want to take advantage of cost-saving benefits.

30-second take

  • Think about this card if you regularly shop in the US and want to save money on exchange rates.
  • Choose something else if you want comprehensive travel insurance or don’t want to pay an annual fee.
  • You’ll need to have a minimum annual income of $15,000 to qualify for this card.

The basics

If you take regular trips to the US or spend a decent amount of money in the country, then you might want to check out the CIBC US Dollar Aventura Gold Visa Card.

  • Save on exchange rates. Save hundreds of dollars on CAD-USD exchange rates, depending on the amount you spend.
  • Welcome bonus. Get 2,500 Aventura Points when you complete a series of tasks within 60 days of your CIBC Aventura Visa account approval. Plus, get a one-time annual fee rebate.
  • Rewards. Earn 1 point for every $1 spent on travel purchased through the CIBC Rewards Centre, and 1 point for every $2 spent everywhere else.
  • No currency conversion fees. Avoid paying 2.5% in currency conversion fees when you make purchases on your card in the US
  • Purchase assurance. Relax knowing that most consumer goods are insured against loss, theft or damage for 90 days
    after you buy them.
  • Extended warranty. Extend your warranty by one year for all eligible purchases you make with your card.

The perks

  • Common carrier insurance. Get up to $100,000 worth of insurance for trips by plane, ferry, train or bus
  • Car rental insurance. Get complimentary collision and damage insurance when you rent a car using your credit card.
  • Optional travel medical. Pay an additional fee to get coverage for travel medical when you take trips out of the country
  • Car rental discounts. Save money on car rentals at select Avis and Budget rental agencies.
  • Enhanced security. Protect your finances with a PIN-protected microchip and Visa Checkout services for online purchases.
  • Tap and pay. Add your card to Apple Pay, Samsung Pay or Google Pay for quick and easy payments.
  • Free additional cards. Order up to three additional cards at no extra cost.

What to watch out for

  • Annual fee. You’ll pay an annual fee of US$35, but it can be rebated to your account when you meet certain conditions and is relatively low compared some other cards.
  • Currency mark-up. Fees and interest rates are charged in US dollars, so there will be a mark-up on what you’ll have to spend.
  • High interest rates. You’ll pay an industry standard 20.99% interest on any outstanding balances and 22.99% (21.99% for Quebec residents) on cash advance transactions.
  • Strict criteria for welcome bonus. You’ll be required to meet certain criteria to be eligible for a part of your welcome bonus.
  • Requires a source of US income. You’ll need to have a source of US income to pay your balance off every month if you want to avoid currency conversion fees.
  • Non-US exchange rates. You’ll still need to pay exchange rates in other countries overseas.
  • Few benefits. You won’t receive benefits like comprehensive travel insurance, mobile phone insurance or roadside assistance with this card.

CIBC US Dollar Aventura Gold Visa Card interest rates

Interest TypeInterest Rate
Purchase interest rate20.99%
Cash advance rate22.99%

What criteria do I need to fill to get my welcome bonus?

If you want to collect your 2,500 bonus Aventura Points when you sign up, you’ll have to complete a series of tasks over 60 days. Each task is worth 500 points.

  • Share your email address with CIBC
  • Sign up for eStatements for your card
  • Add an authorized user to your card
  • Hold any eligible CIBC Chequing Account
  • Add your Aventura Visa card to Apple, Samsung or Google Pay

What should I know before I apply?

How to apply

  1. Head to the CIBC website to begin your application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Bottom line

The CIBC US Dollar Aventura Gold Visa Card may be suitable for customers who regularly shop or travel in the US and can pay their balance off in US dollars. This card lets you save money on currency conversion fees and fluctuating exchange rates. It also offers basic insurance and a generous welcome bonus for one low annual fee.

Compare other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC ION Visa
3,500 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 3,500 Avion points when you get approved for the card.
Neo Credit Mastercard
Get $25.00 + up to 15% cash back
Up to 5% cash back
19.99% - 29.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at partner stores and at least 1% cashback guaranteed.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until April 30, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
21.99%
$155.88
Min. recommended credit score: 700
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until April 30, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
RBC ION+ Visa
7,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get up to 7,000 welcome points. Get 3,500 points on approval and earn 3,500 bonus points when you spend $500 in your first 3 months.
BMO eclipse rise Visa Card
25,000
Up to 5 points per $2 spent
20.99%
$0
Min. recommended credit score: 660
Earn up to 25,000 bonus points.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
13.99%
$0 annual fee for the first year ($29 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived in the first year.
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