CIBC adds new benefits to its premium Aventura cards

CIBC has announced that as of October 15, 2018, new benefits will be available on its Aventura cards. Overview.

New travel benefits for Aventura cards

Aventura customers will soon be able to take advantage of new features, including the following:

• Access to over 1,200 airport lounges worldwide with a Priority Pass membership that includes four free lounge visits per year
• Discounted NEXUS membership fees to expedite U.S. border crossings
• Mobile Device Insurance – Coverage of up to $1,000 in the event of accidental loss, theft or damage to a device, at home or elsewhere
• Enhanced trip cancellation insurance
• Hotel Burglary Insurance

These enhancements will be available beginning October 15, 2018 for new and existing customers.

Our take

CIBC is adding Priority Pass to its Aventura Gold and Infinite credit cards by offering 4 annual lounge accesses. This is a very nice addition that will satisfy the occasional traveler. To view other credit cards offering Priority Pass, visit this page.

To date, at this annual fee level, only the Scotiabank Passport™ Visa Infinite* Card Visa Infinite Passport Card does better by offering 6 annual accesses… and especially by offering no conversion fees for foreign currency purchases (a 2.5% savings). We would have liked to see CIBC add this benefit to cards dedicated… to travelers!

As for the other advantages, they are rather classic in terms of insurance. No indication as to whether the NEXUS membership fee is fully or partially discounted? The NEXUS program costs $50 for five years and is designed to speed up border crossing for low-risk, pre-approved travellers to Canada and the US.

Current offers on CIBC Aventura Cards

Here are the current offers for CIBC Aventura Cards: