The CIBC Aventura Gold Visa Card is an awesome option for individuals who regularly make purchases and want to earn travel rewards. It is especially beneficial for frequent travelers due to its exclusive perks and generous rewards that can make traveling more cost-effective and personalized. By using this card for necessary expenses and consistently paying off the balance, users can maintain good credit and enjoy impressive travel rewards.
A great welcome offer!
This card offers an attractive welcome bonus, which includes a first-year annual fee rebate of up to $1,250 in value. Users will also receive 20,000 Aventura Points upon making their first purchase and another 20,000 Aventura Points when they spend $1,000 or more in the first four monthly statement periods.
The primary cardholder and a maximum of three authorized users will receive an annual fee rebate too, which is worth over $189. Additionally, cardholders will have access to 4 complimentary visits at more than 1,200 lounges worldwide through the Visa Airport Companion Program, which is valued at over $190. Lastly, users will also be able to receive a NEXUS Application Fee rebate, which is worth $50.
Features of the CIBC Aventura Gold Visa Card
If you use a CIBC Aventura Gold Visa Card, you can earn points for different kinds of transactions. This includes two points for every dollar that you spend on travel bought via CIBC Rewards Centre, one and half points for every dollar that you spend at most gas stations, grocery or pharmacies, and one point per dollar spent on any other purchase.
Interest Rates on the CIBC Aventura Gold Visa Card: The CIBC Aventura Gold Visa Card has an annual interest rate of 20.99% for purchases. The interest rate for cash advances or balance transfers for non-Quebec residents is 22.99%. Annual Fees: Although the CIBC Aventura Gold Visa Card has a yearly fee of 139 dollars, it is waived off for the first year. You can also get additional cards for $50 each and these also have no annual fee for the first year.
Some other perks of the CIBC Aventura Gold Visa Card
Insurance Benefits
With a CIBC Aventura Gold Visa Card, you get mobile device insurance, hotel burglary insurance, flight and baggage delay insurance, purchase security and extended protection insurance. You also receive $500,000 worth of Common Carrier Accident insurance, out-of-province emergency Travel medical insurance and auto rental collision and loss damage insurance.
Travel perks
Enhance your airport experience by taking advantage of the Visa Airport Companion Program, which offers four free visits to more than 1,200 lounges worldwide, a value of over $190. Additionally, Aventura points can be redeemed for various travel options such as flights with any airline, hotels, car rentals, and more. The Aventura Travel Assistant also offers personalized travel booking and planning services at no extra cost. Plus, you can use Aventura points to pay for full airfare, including taxes and fees.
Cash-saving plans
There are absolutely no blackout periods or limitations with respect to deals and discounts. And oh, your points on the CIBC Aventura Gold Visa Card will never expire. You can receive a rebate on the NEXUS application fee as well. Additionally, you will receive a 20,000-point welcome bonus when you make your first purchase. Car rental discounts are also available.
Merits and Demerits of the CIBC Aventura Gold Visa Card: On the bright side, the CIBC Aventura gold Visa Card comes with a high-value welcome bonus, low-income requirement, great opportunities to redeem points for travel and other benefits. However, the annual fee is very high from the second year of purchase.
When and how can you apply?
To be eligible for this card, you should be a Canadian resident who is of legal age in your province and have a minimum annual family income of fifteen thousand dollars. It is also necessary that you have a credit score between 740 and 850 and have not filed for bankruptcy in a period of seven years before applying for this card. You can call CIBC’s toll-free number, book a meeting with your bank, or use this link to directly apply online for the card.
About the Aventura Reward Points system
To be most benefitted from your rewards, you should use your CIBC Aventura Gold Visa Card for most of your purchases, particularly at gas stations, grocery stores, and pharmacies, where you can earn more points. You can redeem your points via the CIBC Rewards Centre for travel, gift cards, merchandise, and other experiences. The more Aventura points you have, the more valuable rewards you can redeem them for. For example, accumulating more points will give you greater access to travel opportunities, such as international or intercontinental destinations.
Is it really for you?
When choosing a travel rewards card, there are several factors to consider, such as the earn rate and available rewards options, as well as any restrictions or flexibility in redeeming those rewards. It’s also important to compare the pros and cons of different travel rewards programs. For example, some cards like the Scotiabank and CIBC cards have more transfer partners, while others like the TD Aeroplan Visa Infinite Card do not.
Also, the Scotiabank Passport Visa Infinite Card offers six Priority Pass Membership passes every year, while the TD Aeroplan Visa Infinite Card doesn’t offer any kind of lounge access. On the other hand, the CIBC Aventura Gold Visa Card offers four complimentary visits to 1,200+ lounges globally through the Visa Airport Companion Program, which is a value of over $190.
Bottomline
In summary, the CIBC Aventura Gold Visa Card is a great option for frequent travelers and high spenders. To maximize the points earned towards travel, it’s important to align your spending habits with the ways in which you can earn points. This card is particularly beneficial for families who spend a lot on groceries and gas, as they can earn points toward their dream vacations.
As a cardholder, you’ll also have access to other rewards and financial products. However, you must be aware that there is a minimum income requirement to be eligible for this card, but it’s important to proceed with caution and make sure you can manage the card in a financially responsible way that fits your lifestyle.
