CIBC Select Visa Card | 0% interest for 10 months | Milesopedia
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CIBC Select Visa* Card

CIBC Select Visa* Card
Welcome Bonus
Get 0% interest for up to 10 months on balance transfers
Annual Fee
$29
First Year Annual Fee Rebate (terms apply)
  • Balance Transfer Offer
  • Low-interest
Interest rates
Purchase Rates
13.99 %
Cash Advance Rates
13.99 %
Balance Transfer Rates
13.99 %
Best credit card Balance transfer- Reversed

Offer

Transfer your credit card balance – Get 0% interest for up to 10 months for a 1% transfer fee†, plus a refund of the first year’s annual fee† See full details on the offer below†.

Transfer your credit card balance and get 0% interest for up to 10 months with a 1% transfer fee†
  • 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 your CIBC Select Visa* card with Journie Rewards to automatically save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†

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.†

Card Awards

Best credit card – balance transfer
Best credit card Balance transfer

Fees & Conditions

Personal Income $15,000
Household Income $15,000
Annual Fee $29
First Year Annual Fee Rebate
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 13.99%
Cash Advance Rates 13.99%
Balance Transfer Rates 13.99%
Balance Transfer
Balance Transfer Intro Duration 10 month(s)
Balance Transfer Fees 1 %

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First Year Annual Fee Rebate
-
First year offer value
Rewards Earned
Annual fee
Net value

Earnings

Per dollar of purchases

All Spending 0.00
Groceries 0.00
Gas 0.00
Dining and Food delivery 0.00
Convenience Stores 0.00
Drugstores 0.00
Local Transport 0.00
Travel 0.00
Entertainment 0.00
Recurring Payments 0.00
Telecom/Internet 0.00
Streaming services 0.00
Online transactions 0.00
Office Supplies 0.00

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
Purchase Protection
Mobile Device Insurance
Price Protection

Our review

The CIBC Select Visa* Card is one of the best balance transfer Visa credit cards in Canada.

With this CIBC Credit Card with a balance transfer option, you earn 0% interest on balance transfers for up to 10 months. 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.

CIBC Select Visa* Card users can also save on gas through the card’s partnership with Journie Rewards, which allows them to save up to 10 cents per litre at participating gas stations.

The CIBC Select Visa* Card has an annual fee of $29, which is waived in the first year, and requires an annual household 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

Alternative Cards

  • Welcome Offer: Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee and we’ll waive the $20 annual fee for the first year*
  • Enjoy our lowest interest rate of 12.99% on purchases*
  • Purchase Protection and Extended Warranty*
Legal

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information

*Terms and conditions apply

Annual Fee
  • Primary card $20
  • Additional card $0
Annual Income Required
  • Individual $15,000
  • Household $15,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 12.99 %
  • Cash Advance Rates 15.99 %
  • Balance Transfer Rates 12.99 %
Milesopedia Links
Value
  • Year 1 $20
  • Year 2+ $-20
Best For

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
4.4 Milesopedia Rating