Are you ready for a CIBC Aventura Visa Infinite Card review? The CIBC Aventura Visa Infinite Card is one of the most underrated credit cards. The earn rate is good, the annual fee is typically waived for the first year, you get lounge access, and CIBC Rewards is one of the more flexible travel rewards programs in Canada.
Even though CIBC is one of the big five banks in Canada, I feel like they still don’t have as much brand recognition as RBC or American Express. Perhaps CIBC doesn’t advertise as much, or maybe people get more excited about co-branded travel credit cards such as American Express.
One thing’s for sure, once you read my CIBC Aventura Visa Infinite Card review, you’ll quickly understand why it’s one of the better travel credit cards in Canada.
CIBC Aventura Visa Infinite Card
- $139 annual fee – First year free
- 20,000 Aventura points when you make your first purchase
- 15,000 Aventura points when you spend $1,000 in your first year
- Earn 2 points per $1 spent on CIBC travel
- Earn 1.5 points per $1 spent on gas, grocery, and drug store purchases
- Earn 1 points per $1 spent on all other purchases
- Priority Pass / DragonPass Membership and 4 complimentary visits per year
The CIBC Aventura Visa Infinite Card is an excellent travel credit card has it provides a fair amount of benefits for people that are on the move. First off, the annual fee of $120 is usually waived. Second, the welcome bonus is typically worth about 35,000 Aventura points. Since one Aventura point is worth 1 cent, you’re basically getting $350 for free when you sign up for this card.
You also get a Priority Pass / Dragon Pass membership and four complimentary airport lounge entries per year. Normally, the lounge membership will cost you US $99 per year, and each individual pass is US $32 per visit, so there’s some good value here.
When it comes to the earn rate you get 2 points per $1 spent on travel purchased through the CIBC Rewards Centre/ 1.5 points per $1 spent at gas stations, grocery stores and drugstores. And, 1 point per $1 spent on all other purchases. Admittedly, this isn’t the best earn rate, but it’s comparable to other travel credit cards.
Another travel benefit that comes with the CIBC Aventura Visa Infinite is the NEXUS application rebate. It’s good every four years, but NEXUS memberships last five years, so you’re essentially getting your NEXUS for free. Keep in mind that you must charge your NEXUS application to your CIBC Aventura Visa Infinite card to be entitled to the rebate.
What I love about the CIBC Aventura Visa Infinite card is the mobile device insurance that protects you up to $1,000 for lost, stolen or accidentally damaged devices while you’re at home or away. CIBC is the first of the five major banks to offer this kind of insurance, but now credit card mobile device insurance has become much more common.
CIBC Aventura Visa Infinite Card insurance
In this CIBC Aventura Visa Infinite Card review, you may be surprised to learn that the card comes with a very generous insurance package. Not only do you get good travel insurance, but you also get a nice suite of purchase insurance.
- Travel medical – $5,000,000 for 15 days / 3 days if you’re 65 or older
- Trip cancellation – up to $1,500 per person / $5,000 total
- Trip interruption – up to $2,000 per person
- Flight/trip delay – up to $500 / 4 hours
- Delayed and lost baggage – up to $500 / 6 hours
- Auto rental collision / loss damage – 48 consecutive days / $65,000
- Hotel/motel burglary – $2,500
- Common carrier travel accident – $500,000
Your out-of-province emergency travel medical insurance covers you up to 15 days if you’re under the age of 65 or for 3 days if you’re 65 or older. In my opinion, 15 days is a bit short, but you can purchase an extension if you like. Remember, with travel medical insurance, you get the benefit regardless of whether you charge your travel expenses to the card or not.
I do feel the trip cancellation of $1,500 per person / $5,000 total is a bit low since similar credit cards offer better coverage. That said, the flight/trip delay and delayed/lost baggage insurance are pretty good.
Don’t forget, besides travel medical, you need to charge at least 75% of your travel expenses to your CIBC Aventura Visa Infinite Card for your policies to be valid. Before you book any travel, double check your insurance policies to find out exactly what you’re covered for.
- Mobile device insurance
- Purchase security
- Extended warranty
The CIBC Aventura Visa Infinite Card comes with mobile device insurance. This insurance covers your mobile devices, including tablets and phones, up to $1,000 from theft or damage. You must charge the full amount of the device to your card for the insurance policy to be valid. If you’re on a subsidized plan, then you need to charge your monthly bill to your card.
With purchase security, your purchases are covered from loss, theft, and damage for 90 days from the time of purchases. The extended warranty will double your manufacturer’s warranty up to one additional year.
How the CIBC Aventura Visa Infinite compares to others
I personally think the closest competition the CIBC Aventura Visa Infinite Card has is the BMO World Elite Mastercard. The BMO card has no annual fee for the first year, a sign up bonus worth $250, 4 free annual lounge passes, better travel insurance and a slightly higher earn rate.
Honestly, I do think the BMO Worl Elite Mastercard is a better choice compared to the CIBC Aventura Visa Infinite Card. But, CIBC Rewards is the better travel rewards program since it has the Aventura Airline Reward Chart which can give you a lot of value for your points.
Another card worth considering is the Scotiabank Passport Visa Infinite card since it comes with six free annual lounge passes. I consider Scotia Rewards to be slightly more valuable than CIBC Rewards, but the Scotiabank Passport Visa Infinite does not waive the annual fee of $139 for the first year. The card does come with no foreign transaction fees which will clearly appeal to many travellers. Alternatively, the American Express Gold Rewards Card gives you 4 annual Plaza Premium lounge passes so you can use them within Canada.
How CIBC Rewards works
CIBC Rewards points are pretty easy to earn and understand. With the CIBC Aventura Visa Infinite card, your earnings rate is 1.5 points per $1 spent at gas stations, grocery stores and drugstores. All other purchases earn you 1 point per $1 spent with the exception of travel purchased through the CIBC Rewards Centre which gets you 2 points per $1 spent.
1,000 Aventura Points = $10 in travel so your CIBC Aventura Visa Infinite card earns you 1% – 2% in rewards.
What’s nice about Aventura Points is that you have a few options. You can book online through your CIBC rewards account or via the Aventura Travel Assistant. What many people don’t realize is that the Aventura Travel Assistant is a full-service travel agency and they can book a few things that you might not find through the online portal such as attraction tickets and rooms at certain hotels. Basically, just about anything you find on Expedia can be booked through the Aventura Travel Assistant.
Since all travel being booked is done in real time, there are no blackout dates to worry about. Plus, you can pay any taxes and/or surcharges from your flights if you book via your CIBC rewards account.
There’s also a fixed points option where you can redeem your points for flights based on five different zones. For example, Canada and the U.S. (long haul) requires 25,000 – 35,000 points and has a maximum ticket price of $800. If that flight costs you more than $800, you’ll need to pay the remaining balance in points at $1 = 100 Aventura points ratio. On occasion, CIBC runs promotions where fewer points are required to redeem a flight, so the fixed points option can be quite lucrative.
My CIBC Aventura Visa Infinite Card review is positive and clearly deserves a spot among the best travel credit cards in Canada. With a strong welcome bonus, no annual fee, and a ton of additional benefits, Aventura truly is the traveller’s credit card.