The CIBC Aventura Visa Infinite card is already one of the best travel credit cards in Canada, but a couple of new unique features such as a rebate on your NEXUS membership and mobile device insurance make this card a winner. Plus, you get the annual fee waived for the first year!
CIBC Aventura Visa Infinite card benefits
- $120 annual fee (waived for the first year)
- 15,000 Aventura Points welcome bonus with your first purchase
- 5,000 Additional Aventura points when you spend $1,000 in the first four months of card membership
- Priority Pass membership and four complimentary airport lounge entries per year
- Rebate on NEXUS application fee
- Comprehensive travel insurance package
- Mobile device insurance coverage up to $1,000
- 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
- 1 point per $1 spent on all other purchases
As you can see, the CIBC Aventura Visa Infinite card comes packed with benefits. The total welcome bonus of 20,000 Aventura Points has a value of up to $400 on your next flight.
The NEXUS application rebate is good every four years, but NEXUS memberships last five years, so you’re essentially getting your NEXUS for free.
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.
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. Keep in mind that you need to charge the full amount of your travel expenses to your card to qualify for the additional travel insurance such as trip cancellation/trip interruption, hotel/motel burglary, auto rental collision/loss damage, etc.
Let’s not forget about the Priority Pass membership and four complimentary lounge entries per year that you get that would normally have a cost of $227 USD which easily offsets the card’s annual fee of $120 (which is waived in the first year). These new benefits put the CIBC Aventura Visa Infinite card into the list of the best credit cards with lounge access.
How CIBC Aventura Rewards works
Aventura 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 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 sign up bonus, and a ton of additional benefits, Aventura truly is the traveller’s credit card.