CIBC Select Visa Card
Low Interest Balance Transfer

CIBC Select Visa Card

CIBC CIBC
Welcome Bonus: 0% interest for up to 10 months on balance transfers (1% transfer fee) + First Year Annual Fee Rebate.
Balance Transfer: 0% Balance Transfer for 10 months (1% transfer fee)
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Annual Fee $0
$29 after first year
Purchase APR 13.99%
Cash Advance 13.99%
Bonus Value $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%
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.

Welcome Bonus Details

0% interest for up to 10 months on balance transfers (1% transfer fee) + First Year Annual Fee Rebate.

Estimated Value: $29

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

Insurance Coverage

Purchase Security: 90 days; Extended Warranty: +1 Year; Note: This card does not include Travel, Medical, or Car Rental insurance.

Rates, Fees & Eligibility

Purchase APR13.99%
Cash Advance APR13.99%
Annual Fee$29
Income Required Household: $15,000
Recommended Credit Score—

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Filed Under

Low Interest Balance Transfer
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