Business
CIBC Corporate Classic Plus Visa Card
CIBC
Current Welcome Offer
Effectively manage your business expenses.
Annual Fee
$20
Purchase APR
19.99%
Cash Adv. APR
22.99%
RateBuddy Verdict
The Good
- Very low annual fee ($20) per card, making it a cost-effective choice for businesses with multiple employees.
- Advanced spend controls through Visa Spend Clarity allow owners to set rules on exactly where and when cards can be used.
- Direct integration with accounting software like QuickBooks and Xero streamlines end-of-month reconciliation.
The Trade-offs
- Does not offer any cash back, points, or travel rewards on business spending.
- Completely lacks travel insurance, car rental collision coverage, and purchase protection benefits.
- Every additional employee card incurs a $20 fee, which can add up for larger teams despite the low individual price.
Rewards & Earnings
Base Rate 0.00%
Rewards Summary: Base Earn: None; This card is a management tool for business expenses. Includes Visa Spend Clarity for deep reporting and granular employee spend controls.
- Management Tools: Visa Spend Clarity for Business
- Rewards: No points or cash back earned
Welcome Bonus Details
Effectively manage your business expenses.
Features & Benefits
Bad Credit & Rebuilding
Up to 15 cards with individual spend rules via Visa Spend Clarity
Metal Card
Visa Spend Clarity reporting and accounting integration
Additional Perks
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Insurance Coverage
Note: This card does not include Travel, Medical, or Car Rental insurance. It focuses on corporate liability and fraud protection.
Rates & Fees Details
| Purchase APR | 19.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $20 |
| Supplementary Card | $20.00 |
| Income Required | No specific requirement listed. |