Since at least the beginning of March 2024, this CIBC AC Conversion Visa Prepaid Card was no longer available for application. At the time, CIBC was experiencing technical problems and it was impossible to subscribe to this card.
Today, CIBC announces that it is withdrawing the CIBC AC Conversion Visa Prepaid Card from the market. Here are the next steps:
Then, the CIBC AC Conversion Visa Prepaid Card will be deactivated at 11:59 p.m. ET on August 26, 2024. You will no longer be able to use it, and any transactions made with it will be refused by CIBC.
After August 27, 2024, CIBC will return any funds remaining on your AC Prepaid Card, as well as any merchant reimbursements (if applicable) within 4 months, according to this schedule:
Therefore, please make sure that your mailing address is correct and up to date on the AC prepaid card portal or on the AC prepaid card mobile application. Or call 1-800-482-8347 before August 26, 2024.
For a prepaid card to use when traveling, one of the best alternatives is the Wise bank card. The process of adding money to the account, as well as withdrawals at foreign bank machines, is fast, efficient and less expensive than the CIBC AC Conversion Visa Prepaid Card.
You’ll find all the information and steps on how to use this Wise card in this guide. Wealthsimple users can also take advantage of the Wealthsimple Cash card, which saves on foreign ATM withdrawal fees.
Then, a no-conversion-fee credit card like the Scotiabank Passport™ Visa Infinite* Card is useful for all those foreign transactions you can do without cash. If you travel regularly, you can save 2.5% on all foreign currency transactions.
Savings are here:
