No Annual Fee
Student
CIBC Classic Visa Card for Students
CIBC
Current Welcome Offer
90-day protection on new purchases.
Annual Fee
$0
Purchase APR
21.99%
Cash Adv. APR
22.99%
RateBuddy Verdict
The Good
- An ideal starter card for students to build credit history with $0 annual fee and no minimum income requirement.
- Includes high-value student lifestyle perks like free SPC+ and Skip+ memberships.
- Offers basic purchase security and extended warranty insurance, which is rare for some basic student cards.
The Trade-offs
- Completely lacks any form of rewards (points or cash back), which may feel like a missed opportunity for higher spenders.
- Does not provide travel, medical, or car rental insurance coverage.
Rewards & Earnings
Base Rate 0.00%
Rewards Summary: Base Earn: None; This card is a no-fee student credit-building tool. Includes Purchase Security, Extended Warranty, free SPC+ Membership, and a 12-month Skip+ trial.
- Student Perks: Free SPC+ & Skip+ Membership
- Rewards: No points or cash back earned
Welcome Bonus Details
90-day protection on new purchases.
Features & Benefits
No Annual Fee
No annual fee
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Annual fee rebate with selected account
Free SPC+ Membership included
Additional Perks
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Insurance Coverage
Purchase Security: 90 days; Extended Warranty: +1 Year; Note: This card does not include Travel, Medical, or Car Rental insurance.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $0 |
| Income Required | No specific requirement listed. |