CIBC Corporate Classic Plus Visa Card
Business

CIBC Corporate Classic Plus Visa Card

CIBC CIBC
Welcome Bonus: Effectively manage your business expenses.
Annual Fee $20
Purchase APR 19.99%
Cash Advance 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%
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.

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

Insurance Coverage

Note: This card does not include Travel, Medical, or Car Rental insurance. It focuses on corporate liability and fraud protection.

Rates, Fees & Eligibility

Purchase APR19.99%
Cash Advance APR22.99%
Annual Fee$20
Supplementary Card Fee$20
Income Required No specific requirement listed.
Recommended Credit Score—

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Filed Under

Business
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