CIBC stands for the Canadian Imperial Bank of Commerce. It is one of Canada’s major banking institutions and is considered one of the “Big Five” banks in Canada.
CIBC provides a wide range of financial products and services to individuals, businesses, and organizations in Canada and internationally.
It offers a variety of credit card options, including credit cards designed specifically for students.
These CIBC Credit Card for Students are tailored to the unique financial needs and circumstances of students and typically come with features and benefits that cater to their lifestyle.
cIBC credit card for students
Student credit cards from CIBC offer an array of advantages, all without the burden of annual fees. CIBC recognizes the unique financial needs of students and has tailored its credit card offerings accordingly.
These CIBC student credit cards come with a notable absence of annual fees.
The current interest rates stand at 20.99% for purchases and 22.99% (or 21.99% for Quebec residents) for cash advances. Additionally, they bring a host of valuable perks to the table:
| CIBC Aventura® Visa* Card for Students | This card allows students to earn Aventura Points for their purchases, which can be redeemed for various travel rewards, including flights, hotels, and vacation packages. |
| CIBC Aeroplan® Visa* Card for Students | The CIBC Aeroplan® Visa* Card for Students is a credit card designed specifically for students in Canada who are looking to earn Aeroplan Miles while managing their finances. Aeroplan is a popular loyalty program in Canada that allows members to earn and redeem miles for various travel rewards, including flights, hotels, and more. |
| CIBC Dividend® Visa* Card for Students | This card may offer cashback rewards on everyday purchases, helping students save money as they spend. Cashback can be earned on categories like groceries, gas, and more. |
| CIBC Classic Visa* Card for Students | The CIBC Classic Visa* Card for Students is a credit card designed specifically for students in Canada. This card offers several features tailored to meet the financial needs and lifestyles of students. |
With Purchase Security and Extended Warranty Insurance, your credit card can step in if a qualifying purchase made with the card is damaged or stolen within 90 days of the purchase date.
This coverage may provide assistance in terms of repair, replacement, or reimbursement.
Moreover, your credit card might extend the warranty on qualifying purchases, potentially offering warranty extensions of up to one year. This can prove invaluable when dealing with the costs associated with repairs or replacements.
But the benefits extend beyond the perks. A student credit card plays a pivotal role in establishing the credit history that future lenders and businesses take into account.
It’s a wise move to open a student credit card when setting up your initial bank account(s).
This card serves as the foundation for a credit score that will be instrumental in qualifying for loans, especially significant ones post-graduation.
However, it’s crucial to note that misuse can have adverse effects, potentially hindering your ability to secure loans.
The key is responsible usage, which means paying off your balance each month or, at the very least, meeting the minimum payment requirements.
CIBC Credit Card Requirements
Obtaining a credit card through us is a straightforward process, but there are essential pieces of information you’ll need to furnish:
- Full legal name and date of birth.
- Residential address, along with your phone number and email address.
- Current and previous employment details.
- Gross annual income.
- Social Insurance Number (optional, but may be requested).
- Information regarding any other credit cards you currently possess.
CIBC Credit Card Eligibility
To be eligible for a credit card, you’ll need to meet these fundamental criteria when submitting your application:
- Canadian Citizenship or Residency: You must be a Canadian citizen or resident. If you have temporary residence status, please note that your application may undergo a more extended review process.
- Age Requirement: You must have reached the age of majority, which is either 18 or 19 years old, depending on the province in which you reside.
- Good Credit Score: Maintaining a favorable credit score is essential.
- Bankruptcy History: You should not have filed for bankruptcy within the past 7 years.
- Minimum Annual Income: Meeting the minimum annual income requirement is necessary.
How to Apply CIBC Credit Card?
You have three convenient options for applying for a credit card:
- Online: Upon identifying the credit card that suits your needs, simply click the “Apply Now” button to initiate the online application process.
- Over the Phone: Contact one of our customer care representatives at 1-866-525-8622 to apply for a credit card.
- In Person: Visit a nearby CIBC Banking Centre to apply for a credit card in person.
CIBC Aventura® Visa* Card for Students
| Feature | Rate |
|---|---|
| Annual Fee | $0 |
| Additional Cards | $0 for up to 3 additional cards |
| Purchase Interest Rate | 20.99% |
| Cash Interest Rate | 22.99% (non-Quebec residents) |
| 21.99% (Quebec residents) |
Unlock the potential to earn up to 2,500 Aventura Points† without the burden of an annual fee.
Immerse yourself in a world of entertainment, shopping, delectable dining, and exciting travel experiences.
Here’s the scoop on how to score those points:
Receive a generous 500 Aventura Points for successfully completing each of these actions within 60 days from the moment your CIBC Aventura® Visa* card account is given the green light†:
- Share your email address with CIBC
- Enroll in eStatements for your spanking new Aventura Visa card
- Invite an authorized user to join the Aventura Visa card party
- Maintain an eligible CIBC Chequing Account
- Seamlessly integrate your Aventura Visa card with Apple Pay® or Samsung Pay® or Google Pay™ for swift and secure payments.
e payments.
The CIBC Aventura® Visa* Card for Students is a credit card offered by the Canadian Imperial Bank of Commerce (CIBC) specifically designed for students.
This credit card is part of the Aventura rewards program, which allows cardholders to earn points for their everyday spending and redeem them for a variety of travel rewards, merchandise, and more.
Here are some features and benefits of the CIBC Aventura® Visa* Card for Students:
1. Rewards Program: Cardholders can earn Aventura Points for every dollar spent on their card. These points can be redeemed for travel rewards, including flights, hotels, vacation packages, and more. Aventura Points can also be used for merchandise, gift cards, and charitable donations.
2. Welcome Bonus: The card often comes with a welcome bonus, which typically involves receiving a certain number of Aventura Points after making your first purchase or meeting specific spending requirements within the first few months of card ownership.
3. No Annual Fee: Many CIBC Aventura® Visa* Cards for Students do not charge an annual fee, making it a cost-effective option for students who want to enjoy the benefits of a rewards credit card without incurring additional expenses.
4. Student-Focused Benefits: This card may offer features tailored to students, such as additional rewards on select student-related purchases or special discounts on travel and entertainment.
5. Travel Insurance: Cardholders may have access to travel insurance coverage, including trip cancellation/interruption insurance, travel accident insurance, and auto rental collision/loss damage insurance when they use the card to pay for eligible travel expenses.
6. Mobile Wallet Compatibility: The card is typically compatible with mobile wallet apps, allowing for convenient and secure contactless payments through smartphones or other devices.
7. Purchase Protection and Extended Warranty: Some versions of the CIBC Aventura® Visa* Card for Students may offer purchase protection and extended warranty coverage on eligible purchases made with the card.
8. Online Account Management: Cardholders can manage their credit card account online through CIBC’s digital banking platforms, making it easy to monitor transactions, make payments, and access account information.
9. Building Credit History: Like other credit cards, responsible use of the CIBC Aventura® Visa* Card for Students can help students build a positive credit history, which is valuable for future financial endeavors.
CIBC Aeroplan® Visa* Card for Students
| Feature | Rate for Non-Quebec Residents | Rate for Quebec Residents |
|---|---|---|
| Annual Fee | $0 | $0 |
| Purchase Interest Rate | 20.99% | 20.99% |
| Cash Interest Rate | 22.99% | 21.99% |
Earn a generous 10,000 Aeroplan points with your very first purchase, translating to a travel value of up to $200†.
This bounty of points can secure you a one-way economy class ticket for a convenient short-haul journey in North America, like a flight from Toronto to New York.
The CIBC Aeroplan® Visa* Card for Students is a credit card designed specifically for students in Canada who want to earn Aeroplan Miles while managing their finances.
Aeroplan is a popular travel rewards program in Canada that allows members to accumulate miles for various travel-related benefits. Here’s an overview of the CIBC Aeroplan® Visa* Card for Students:
1. Aeroplan Miles Earning: Cardholders earn Aeroplan Miles for every dollar they spend using the card. These Aeroplan Miles can be accumulated and redeemed for various travel rewards, including flights, hotel stays, and more within the Aeroplan program.
2. Welcome Bonus: Many versions of this card offer a welcome bonus to new cardholders. Typically, this involves earning a specific number of bonus Aeroplan Miles after making the first purchase or meeting specific spending requirements within the initial months of card ownership.
3. No Annual Fee: Some versions of the CIBC Aeroplan® Visa* Card for Students come with no annual fee, which is advantageous for students looking to enjoy the benefits of a rewards credit card without the burden of an annual fee.
4. Student-Focused Features: This card may offer features tailored to students, such as bonus miles on select student-related purchases or special discounts on travel and entertainment expenses.
5. Travel Insurance: Cardholders may have access to travel insurance coverage when they use the card to pay for eligible travel expenses. This coverage can include trip cancellation/interruption insurance, travel accident insurance, and auto rental collision/loss damage insurance.
6. Mobile Wallet Compatibility: The card is typically compatible with mobile wallet apps, allowing for convenient and secure contactless payments using smartphones or other mobile devices.
7. Building Credit History: Responsible use of the CIBC Aeroplan® Visa* Card for Students can help students establish and build a positive credit history, which is valuable for future financial endeavors, such as obtaining loans or mortgages.
8. Online Account Management: Students can easily manage their credit card account online through CIBC’s digital banking platforms. This enables them to monitor transactions, make payments, and access account information conveniently.
9. Purchase Protection and Extended Warranty: Some versions of this card may offer purchase protection and extended warranty coverage on eligible purchases made with the card.
CIBC Dividend® Visa* Card for Students
| Feature | Rate |
|---|---|
| Annual Fee | $0 |
| Additional Cards | $0 for up to 3 additional cards |
| Purchase Interest Rate | 20.99% |
| Cash Interest Rate | 22.99% (non-Quebec residents) |
| 21.99% (Quebec residents) |
The CIBC Dividend® Visa* Card for Students is a credit card designed specifically for students in Canada.
This card offers cashback rewards on everyday purchases, providing a way for students to save money as they spend. Here’s an overview of the CIBC Dividend® Visa* Card for Students:
1.Cashback Rewards: The card allows students to earn cashback rewards on their everyday spending. Cashback is typically earned on various categories, which may include groceries, gas, dining, and more. The specific cashback categories may vary based on the card version.
2.No Annual Fee: Many versions of the CIBC Dividend® Visa* Card for Students come with no annual fee, making it a cost-effective choice for students who want to enjoy cashback rewards without the additional expense of an annual fee.
3.Student-Focused Benefits: This card may offer features tailored to students, such as bonus cashback on select student-related purchases or special discounts at partner merchants or retailers.
4.Building Credit History: Responsible use of the CIBC Dividend® Visa* Card for Students can help students establish and build a positive credit history, which is valuable for future financial endeavors, such as obtaining loans or mortgages.
5.Online Account Management: Students can easily manage their credit card account online through CIBC’s digital banking platforms. This allows them to monitor transactions, make payments, and access account information conveniently.
6.Mobile Wallet Compatibility: The card is typically compatible with mobile wallet apps, enabling students to make secure contactless payments using their smartphones or other mobile devices.
7.Purchase Protection: Some versions of this card may offer purchase protection, which can provide coverage in case of damage or theft of eligible items purchased with the card.
8.Additional Benefits: Depending on the card version, there may be additional benefits such as extended warranty coverage on eligible purchases.
CIBC Classic Visa* Card for Students
| Feature | Rate for Non-Quebec Residents | Rate for Quebec Residents |
|---|---|---|
| Annual Fee | $0 | $0 |
| Purchase Interest Rate | 20.99% | 20.99% |
| Cash Interest Rate | 22.99% | 21.99% |
The CIBC Classic Visa* Card for Students is a credit card designed specifically for students in Canada.
This card is tailored to meet the financial needs and lifestyles of students while offering essential features. Here’s an overview of the CIBC Classic Visa* Card for Students:
Key Features:
1.Designed for Students: As the name suggests, this credit card is intended for students who are looking for a basic and practical credit card solution.
2.No Annual Fee: Many versions of the CIBC Classic Visa* Card for Students typically come with no annual fee, making it a cost-effective option for students.
3.Building Credit History: Like other credit cards, responsible use of this card can help students establish and build a positive credit history, which is valuable for future financial endeavors, such as obtaining loans or mortgages.
4.Convenience: The card allows students to make purchases and payments conveniently, both in-store and online, which can be especially useful for managing expenses during their academic years.
5.Financial Management: Students can manage their credit card account online through CIBC’s digital banking platforms, allowing them to monitor transactions, make payments, and access account information easily.
6.Mobile Wallet Compatibility: The card is typically compatible with mobile wallet apps, enabling students to make secure contactless payments using their smartphones or other mobile devices.
7.Purchase Protection: Some versions of the CIBC Classic Visa* Card for Students may offer purchase protection, which can provide coverage in case of damage or theft of eligible items purchased with the card.
8.Additional Benefits: While the card is designed to be straightforward, it may offer additional benefits, such as extended warranty coverage on eligible purchases or access to CIBC’s customer service and support.
More CIBC Credit Cards
| Credit Card/Product Name | Key Features |
|---|---|
| CIBC Tim Hortons® Double Double™ Visa Card for Students | – Designed for Tim Hortons enthusiasts<br>- Offers rewards and discounts at Tim Hortons locations<br>- Typically, no annual fee |
| CIBC Platinum Visa Card for Students | – May offer a lower interest rate compared to other cards<br>- Suitable for students carrying a balance while managing finances |
| CIBC Air Canada® AC conversion™ Visa Prepaid Card for Students | – Prepaid card for students traveling abroad<br>- Enables currency conversion and spending in multiple foreign currencies |
| CIBC Student Line of Credit | – Provides flexible borrowing options for education-related expenses |
| CIBC CreditSmart® Program for Students | – Educational program to help students build good credit habits and manage finances responsibly<br>- Not a credit card, but offers financial resources and tools for students looking to establish credit |
Hey, I’m Ratiranjan Singha, the Creator of Myworldstuffs.com. I Offer in-Depth Articles and Guides that Help you to Understand Various Financial Concepts.
