Low Interest
No Annual Fee
Business
CIBC bizline Visa Card
CIBC
Current Welcome Offer
Interest as low as CIBC Prime plus 1.5%.
Annual Fee
$0
Purchase APR
%
RateBuddy Verdict
The Good
- Functions as a high-limit business line of credit with interest rates significantly lower than standard credit cards.
- No annual fee for the primary cardholder or for up to 9 authorized employee cards.
- Highly accessible for new businesses, requiring only a $15,000 minimum individual annual income.
The Trade-offs
- Does not earn any rewards points, cash back, or travel miles on business spending.
- Completely lacks travel insurance, car rental collision coverage, and mobile device protection.
- Interest rates are variable and tied to the CIBC Prime rate, meaning costs will increase if the Prime rate rises.
Rewards & Earnings
Base Rate 0.00%
Rewards Summary: Base Earn: None; This card functions as a low-interest line of credit for business. Features interest rates as low as CIBC Prime + 1.5% with $0 annual fee.
- Interest Rate: As low as CIBC Prime + 1.5%
- Rewards: No points or cash back earned
Welcome Bonus Details
Interest as low as CIBC Prime plus 1.5%.
Features & Benefits
No Annual Fee
No annual fee
Bad Credit & Rebuilding
Up to 9 additional cards with unique spending limits
Introductory 0% APR on Purchases
Variable rate as low as CIBC Prime + 1.5%
Additional Perks
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Insurance Coverage
Note: This card does not include Travel, Medical, or Car Rental insurance. Focus is strictly on low-interest credit access.
Rates & Fees Details
| Purchase APR | % |
|---|---|
| Cash Advance APR | % |
| Annual Fee | $0 |
| Income Required |
Personal: $15,000 |