CIBC Select Visa
Introduction (Overview)
The CIBC Select Visa Credit Card is a straightforward, low-cost credit card designed for Canadians who want basic functionality, global acceptance, and essential protections without paying a high annual fee. It is positioned as an accessible option for everyday purchases and for individuals building or maintaining their credit profile.
With simple features, reliable Visa acceptance, and easy digital account management, the CIBC Select Visa is ideal for users who prefer clarity over complex rewards programs. In this review, we break down its features, pros and cons, and who this card is best suited for.
Pros and Cons
Pros
Low annual fee
Worldwide Visa acceptance
Simple and easy-to-use card structure
Good option for credit building or basic use
Reliable digital banking tools
Cons
No cash-back or rewards program
Foreign transaction fees apply
Limited insurance compared to premium cards
Not ideal for frequent travelers or reward seekers
Who Is This Card Best For?
The CIBC Select Visa Credit Card is best for Canadians who want a basic, affordable credit card with global acceptance and essential protections. It is ideal for students, newcomers, or individuals who prefer simplicity over rewards.
This card may not be suitable for users who want cash-back, travel perks, or premium benefits.
Final Verdict: Is the CIBC Select Visa Credit Card Worth It?
Yes — if you are looking for a low-cost, no-frills credit card for everyday use. The CIBC Select Visa Credit Card delivers reliability, simplicity, and essential protections without unnecessary complexity.
However, users seeking rewards, travel benefits, or advanced insurance coverage may find better value in other CIBC credit cards.
Frequently Asked Questions (FAQ)
Does the CIBC Select Visa Credit Card have an annual fee?
Yes. The card has a low annual fee, which may be waived with eligible CIBC banking packages.
Does the card offer cash-back rewards?
No. This card does not include a cash-back or rewards program.
Is the CIBC Select Visa accepted internationally?
Yes. It is accepted worldwide wherever Visa is accepted.
Is this card good for building credit?
Yes. With responsible use, it can help build or maintain a positive credit history.