Offer
Transfer your credit card balance – Get 0% interest for up to 10 months with a 1% transfer fee† and a two-year annual fee rebate†.
Check full offer details below†:
- Transfer up to 50% of your assigned credit limit†
- If you choose to carry a balance and you make your minimum payments on time, a balance transfer could save you money on interest
- Take advantage of this 0% introductory interest rate on balance transfers for your first 10 months. You’ll only have to pay a 1% fee† when you transfer your balance from another card to the CIBC Select Visa Card
- This balance transfer offer is only available at the time of your online application.† Simply tick the checkbox to select the balance transfer option when you’re filling out your application
Once you take advantage of this offer, you will have a promotional rate balance on your account. As a result, you will lose your interest-free grace period on new purchases unless you pay your amount due, including any promotional rate balances, in full each month. While you will enjoy the promotional rate on the balances you transfer by using this offer, new purchases will be subject to the purchase interest rate.
Save on gas with CIBC and Journie Rewards
Link and use your CIBC Select Visa Card with Journie Rewards to save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Card Awards
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Fees & Conditions
Insurance
Travel Insurance
There may be a daily maximum amount depending on the type of fees paid
Other Insurance
Our review
The CIBC Select Visa* Card is one of Canada’s best balance transfer Visa credit cards.
With this exclusive digital offer for this CIBC balance transfer credit card, you get :
- 0% interest on balance transfers for up to 10 months†
- a two-year annual fee rebate†
You’ll only have to pay a 1% fee when you transfer your balance from another card. Once this promotional period ends, the standard card interest rate of 13.99% will apply to any remaining balance. This interest rate is lower than the rates charged by many other credit cards.
For example, you could pay for major purchases on another credit card (such as renovations, furniture or appliances) and transfer your balance to the CIBC Select Visa* Card to benefit from its 0% interest rate on balance transfers for ten months.
CIBC Select Visa* Card users can also save on gas thanks to the card’s partnership with Journie Rewards, which allows them to save up to 10 cents per litre at participating service stations.
The CIBC Select Visa* Card has an annual fee of $29 (with a two-year annual fee rebate) and requires an annual family income of at least $15,000 to qualify. Despite its lack of additional benefits, the CIBC Select Visa* Card comes with up to $100,000 in Common Carrier Accident Insurance and allows users to add up to three authorized users at no additional cost.
Frequently Asked Questions
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Does the CIBC Select Visa* Card has an annual fee?
Yes, the CIBC Select Visa* Card has annual fees. However, depending on promotions, expenses may be reimbursed.
Find out more about CIBC.
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What are the interest rates on the CIBC Select Visa* Card?
Here are the interest rates for the CIBC Select Visa* Card:
- Interest rate on purchases: 13.99%
- Interest rate for balance transfers: 13.99%
- Interest rate for cash advances: 13.99%
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Does the CIBC Select Visa* Card offer gas promotions?
Yes, by linking your CIBC Select Visa* Card to Journie Rewards, you can save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron service stations.
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What is the main advantage of the CIBC Select Visa* Card for balance transfers?
The CIBC Select Visa* Card offers a 0% interest rate on balance transfers for up to 10 months. You’ll only pay a 1% fee when you transfer your balance from another credit card.
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What is the standard interest rate after the 10-month promotional period?
Once the 10-month promotional period is over, a standard interest rate of 13.99% will apply to any remaining balance.
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How can the CIBC Select Visa* Card help with significant purchases?
You can make large purchases on another credit card and then transfer your balance to the CIBC Select Visa* Card to benefit from 0% interest on balance transfers for 10 months.
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Are there any additional benefits associated with the CIBC Select Visa* Card?
Yes, users of this card can save on gas thanks to our partnership with Journie Rewards, which offers savings of up to 10 cents per liter at participating service stations.
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What are the annual fees for the CIBC Select Visa* Card?
The CIBC Select Visa* Card has an annual fee of $29, with a two-year annual fee rebate.
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What are the income requirements to qualify for the CIBC Select Visa* Card?
To qualify, you must have an annual family income of at least $15,000.
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Is insurance included with the CIBC Select Visa* Card?
Yes, the card comes with up to $100,000 in common carrier accident insurance.
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How does a balance transfer work with the CIBC Select Visa* Card?
You can transfer up to 50% of your credit limit. If you maintain a balance and make your minimum payments on time, this transfer could save you money on interest charges.
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What happens to my grace period on new purchases if I take advantage of the balance transfer offer?
You will lose your interest-free period and grace period on new purchases unless you pay the amount due each month, including any promotional rate balance.
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How can I take advantage of the balance transfer offer when I apply online?
When you complete your online application, check the box to indicate that you chose the balance transfer option. After taking advantage of this offer, you’ll have a promotional interest-rate balance in your account.
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How can I save on gas with the CIBC Select Visa* Card?
Link your CIBC Select Visa* Card to Journie Rewards and use it at participating Pioneer, Fas Gas, Ultramar and Chevron service stations to save up to 10 cents per litre.
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What is a balance transfer?
A balance transfer is a financial transaction where you transfer the balance from one credit card to another, often to benefit from a lower interest rate on the transferred balance. With the CIBC Select Visa* Card, you can benefit from a 0% interest rate for up to 10 months on transferred balances, for a fee of 1%.
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How do I pay my CIBC credit card balance?
You can pay your CIBC Select Visa* Card balance in a number of ways, including online via CIBC Mobile Banking, by pre-authorized debit from a savings or current account, or by visiting a CIBC branch to make a payment in person.
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Is it possible to withdraw cash with a credit card?
Yes, it is generally possible to withdraw money with a credit card, an operation often referred to as a “cash advance.” However, it’s important to note that cash advances are often subject to high interest rates and additional fees. We therefore recommend that you read the terms and conditions of your credit card carefully before making such a transaction.
Alternative Cards
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This is a digital-exclusive offer.† To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.†
† Terms and conditions apply. Click on Apply Now to learn more.