Low Interest
Balance Transfer
CIBC Select Visa Card
CIBC
Current Welcome Offer
0% interest for up to 10 months on balance transfers (1% transfer fee) + First Year Annual Fee Rebate.
Annual Fee
$29
$0
1st Year Free
Purchase APR
13.99%
Cash Adv. APR
13.99%
Welcome Bonus
~$29
RateBuddy Verdict
The Good
- Industry-leading 0% interest rate for 10 months on balance transfers (1% fee), perfect for paying down debt.
- One of the lowest standard purchase and cash advance rates in Canada at 13.99%.
- First-year annual fee rebate ($29) makes it effectively $0 to start your balance transfer.
The Trade-offs
- No rewards points or cash back are earned on any spending.
- New purchases will be charged 13.99% interest if the promotional balance is not paid in full monthly.
Rewards & Earnings
Base Rate 0.00%
Rewards Summary: Base Earn: None; This card is designed for interest savings. Features a low 13.99% standard interest rate and a 0% introductory balance transfer offer for 10 months.
- Interest Savings: 13.99% standard APR
- All Purchases: No rewards points earned
Welcome Bonus Details
0% interest for up to 10 months on balance transfers (1% transfer fee) + First Year Annual Fee Rebate.
Estimated Value: $29.00
Features & Benefits
First-Year Fee Waived
First-year annual fee rebate via welcome offer
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Introductory 0% APR on Purchases
13.99% standard purchase APR
Employee Cards
0% for 10 months with 1% fee
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 | 13.99% |
|---|---|
| Cash Advance APR | 13.99% |
| Annual Fee | $29 |
| Income Required | Household: $15,000 |