The CIBC Rewards program, the last in our rewards program series, will give you a typical array of options for using points. You can choose from:

  • travel,
  • merchandise,
  • gift cards,
  • financial products, as well as
  • exclusive experiences.

Like all rewards programs, these different redemption options will give you a variety of point values.

Not sure where to start? Luckily, we’ve done the work for you.

Let’s dive into what CIBC has to offer – from the best ways to use your points to get max value, to their suite of 5 credit cards you need to earn these points.

Related: Your Guide To Big 5 Bank Rewards Programs

CIBC Rewards ‒ Aventura points at a glance

Value of a CIBC Aventura point: High: 0.023 for travel
Low: 0.0063 for statement credits
Ways to redeem CIBC Aventura points: * Airline Rewards Chart – 2.3 cents per point (CPP)
* Travel booked any way – 1 CPP
* Charity donations – 1 CPP
* CIBC financial products – 0.83 CPP
* Merchandise – 0.71 CPP
* Gift cards – 0.71 CPP
* Statement credits – 0.63 CPP
* Exclusive experiences
How to earn CIBC Aventura points: * 5 credit cards
Who these rewards are good for: * World travellers
Frequently Asked Questions: * Level of flexibility? High
* Blackout dates? No
* Do rewards expire? No
* Rewards cover taxes and fees? Yes
* Can these rewards be transferred? No
* Is there a way to earn rewards faster? No
* Do they price match travel costs? No
* Do I get points back if I cancel award booking? No
* CIBC Rewards contact info
Plus up to 4% cash back.
Ends December 18, 2019.

Redeem CIBC Aventura points

There are a variety of ways to redeem your CIBC Aventura points, with options ranging from travel to merchandise, and CIBC financial products to exclusive experiences.

We’ll break each of these options down for you by cents per point (CPP), so you can get the most value.

Redeem CIBC Aventura points for travel: 2.3 CPP

Like with most rewards programs, redeeming for travel will give you the best value for your points.

When redeeming your Aventura points for travel, you have two options. You can use the CIBC flight chart or book any travel you want and use your points to pay for it.

Let’s start with the flight chart option.

CIBC Aventura Airline Rewards chart: 2.3 CPP

Using the Aventura Airline Rewards chart will give you the best value, by far.

Similar to how other flight charts work, you get to choose from set flight distances and pay the base airfare with a set number of points. Taxes, fees, and other charges are extra.

The point value for this chart is based on the highest number of points required for each type of flight.

Types of Flights Points Required Max Ticket Price Point Value
Short-haul Canada & U.S.
(between neighboring provinces & states)
10,000 ‒ 20,000 $400 2 cents
Long-haul Canada & U.S.
(not including Alaska & Hawaii)
25,000 ‒ 35,000 $800 2.3 cents
Mexico, Alaska, Hawaii, Caribbean & Central America 40,000 ‒ 60,000 $1,000 1.7 cents
Select European destinations
(must travel from a major gateway in Canada & U.S.)
50,000 ‒ 70,000 $1,300 1.9 cents
Rest of the world
(must travel from a major gateway in Canada & U.S.)
75,000 ‒ 125,000 $2,000 1.6 cents

As you can see, the potential value of your points can vary quite a bit.

Booking a long-haul flight within Canada or the Continental U.S. is your best choice, giving you a point value of 2.3 cents.

Although this doesn’t include the taxes and fees, you have the option to use points to cover these at a value of 1 CPP…which takes us to our next redemption option.

Book any travel: 1 CPP

The other way to redeem your points for travel is to book any travel through CIBC Rewards, where each point is worth 1 cent. A minimum redemption of 3,000 points ($30) is required.

Something to note: if you’re looking to book a flight using the flight chart, make sure to get a point value of at least one cent, otherwise there are better ways to redeem for flights.

CIBC Rewards doesn’t offer price matching.

Redeem CIBC Aventura points for charity donations: 1 CPP

If you’re looking to give back in some way, you can use your points to donate to charity.

More specifically, canadahelps.org.

2,500 points will be a donation of $25, a point value of 1 cent.

Redeem CIBC Aventura points for financial products: 0.83 CPP

You can also use your points to pay for CIBC financial products.

Here are some of the options:

  • residential mortgage prepayment,
  • investment contributions, and
  • pay down a CIBC loan or personal line of credit.

12,000 points will give you a $100 payment or contribution, giving a point value of 0.83 cents.

Redeem CIBC Aventura points for merchandise: 0.71 CPP

Looking to score some merchandise for your points? CIBC Rewards has an extensive catalogue to choose from.

The items we surveyed had a point value range of 0.4 to 0.87 cents per point, with an average value of 0.71 cents.

Here’s a list of what we looked at:

Item Points Required Price Point Value (cents)
Nikon COOLPIX B500 44,300 $384.20 0.87
Google Home Mini 11,000 $89.27 0.81
Apple iPad mini 4 Wi-Fi 128GB 75,900 $598.90 0.79
Apple TV 4K 32-gb 33,500 $258.77 0.77
Angelcare® Video Movement & Sound Monitor 25,900 $195.49 0.75
Bosch 8-1/2″ Single-Bevel Slide Miter Saw 69,000 $506.24 0.73
Fitbit Charge 3 27,000 $192.10 0.71
KitchenAid® Glass Tea Kettle 20,800 $146.90 0.71
High Sierra Endeavour Elite Backpack 16,200 $97.18 0.60
Hasbro Monopoly Classic 5,700 $22.60 0.40

*Price as found on google, with 13% sales tax added.

Redeem CIBC Aventura points for gift cards: 0.71 CPP

Prefer gift cards over merchandise? There’s also a wide variety available in various denominations.

They are almost all worth 0.71 cents per point, with one exception: CIBC prepaid Visa cards, which were only worth 0.63 cents per point.

Redeem CIBC Aventura points for statement credits: 0.63 CPP

If you’re hoping to take a bite out of your credit card bill, you can also use your points to do just that.

4,000 points will give you a $25 statement credit, a point value of 0.63 cents.

Redeem CIBC Aventura points for exclusive experiences

If there’s one thing money can’t buy, it’s experience.

But, with your CIBC rewards, you can use your points to make bids on unforgettable experiences with CIBC’s auctions.

For example, you could bid on a Bermuda Island Retreat at Fairmont Southampton, or a Grand Exotic Car Tour Experience for Two.

CIBC Aventura credit cards

Getting a CIBC Aventura credit card is the only way to earn CIBC Rewards points. There are 5 credit cards in total, and we’ll give a brief overview of each one.

CIBC Aventura personal credit cards

The premium offering in the program, the will give you the most rewards, perks, and the best insurance coverage. It has an annual fee of $120 and income requirements of either $60,000 personal or $100,000 household.

Don’t meet those income requirements? The is nearly identical, and has a lower household income requirement of $15,000.

And if it’s the annual fee that’s the problem, check out the which will also earn you Aventura points.

Related: Best Travel Credit Cards In Canada

CIBC Aventura student credit card

If you’re a student looking to collect some travel rewards, the is a great option that also has no annual fee. Perfect for kick-starting your future travel plans as a young student.

Related: Best Student Credit Cards In Canada

CIBC Aventura U.S. Dollar credit card

The is one of the few U.S. Dollar credit cards in Canada that will also let you earn rewards.

CIBC Aventura Business Card

For business owners, there’s the that’ll let you earn Aventura points on all of your business purchases.

CIBC Rewards questions and answers

Here are the answers to some of your commonly asked questions about the CIBC Rewards program.

How flexible are these rewards?

Yes, these are very flexible rewards. You’ll get great value with CIBC’s Airline Redemption Chart, plus get to use your points for gift cards, statement credits, financial products, etc.

Are there blackout dates?

No, there are no blackout dates.

Do these rewards expire?

No, provided your credit card account is in good standing.

Can you use points to cover taxes & fees?

Yes, you can use your points to cover taxes and fees.

Can these rewards be transferred?

No, with one exception – if you had a CIBC Aventura World Elite Mastercard, Aventura Visa Infinite, or Aventura Gold Visa card and the account was opened prior to October 1, 2013, you can transfer your points 1:1 to Aeroplan in 10,000 point increments.

Is there a way to earn rewards faster?

No, using an Aventura credit card is the only way to earn points.

Do they price match travel costs?

No, CIBC Rewards does not price match travel costs.

If I cancel an award booking, can I get my points back?

No, there are no refunds on any travel paid for with rewards.

What is CIBC Rewards’ contact details?

To contact CIBC Rewards, call 1-888-232-5656 in Canada or the U.S.

Elsewhere, call 905-696-4907.

Wrapping it up

CIBC offers a strong program when it comes to earning rewards, on par with similar rewards programs from the other big 5 banks in Canada.

And with a good variety of credit cards to choose from, there’s surely one to suit your preferences.

Do you collect Aventura rewards? What has your experience been with this rewards program?

Let us know in the comments below.