- CIBC credit cards and better alternatives
- Flexible rewards card alternative
- No fee flexible rewards card alternative
- Aeroplan card alternative
- Cash back card alternative
- No fee cash back card alternative
But how do they stack up against their competition?
We’ve taken the best cards CIBC has to offer in 5 different categories and compared it to a similar alternative.
And while CIBC cards are good, they’re far from ground-breaking.
CIBC credit cards and better alternatives
Here is a summary are the top CIBC cards, and the alternatives to consider.
|CIBC Credit Card||Better Alternative||Why It’s Better|
|CIBC Aventura Visa Infinite||Earn more rewards, more redemption options, more transfer partners|
|CIBC Aventura Visa||Earn more points, better insurance, better value on most travel redemptions|
|CIBC Aerogold Visa Infinite||Earn more Aeroplan miles, can also redeem for any travel, more transfer partners|
|CIBC Dividend Visa Infinite||Earn more cash back|
|CIBC Dividend Visa||Earn more cash back, choose your categories to earn bonus rewards, great welcome bonus|
CIBC Aventura Visa Infinite vs Amex Cobalt: Which is better for flexible travel?
Belonging to the CIBC Rewards program, the
Or, you can book any travel you like from CIBC Rewards and get a consistent 1 cent per point value every time you redeem.
This card earns up to 1.5 points per $1 spent on everyday spending and 2 points per $1 spent on travel through CIBC Rewards.
So, unless you’re getting great value from the Airline Rewards Chart, you’re looking at a meagre return of up to 1.5% for your everyday spending. Not exactly a great return for a card with a $120 annual fee.
Our top alternative – American Express Cobalt card
With this card, you’ll earn plenty of points at these rates:
- 5 points per $1 spent on groceries and dining,
- 2 points per $1 on travel, gas, and transit, and
- 1 point per $1 spent on everything else.
Using the Fixed Points Travel Program, you can get a similar value for each point as with CIBC Rewards, but you’ll be earning much more of them, giving you much more total rewards.
And if you do choose to book any travel, you can use any provider you like and get up to a 5% return on your everyday spending.
And if that wasn’t enough, you can also transfer your points at a 5:6 ratio to Marriott Bonvoy as well.
You’ll be flat out earning more rewards with this card, no matter how you slice it.
And for the cherry on top of this sundae, it has no income requirements either, whereas any Visa Infinite card has 60K personal or 100K household income requirements.
Bonus Amex card: Starting August 1, 2019, the
Prefer a Visa instead?
You’ll get a return of 1.5% on all of your spending when points are redeemed for any travel at Expedia For TD. That number jumps to 4.5% on any travel purchase made at Expedia For TD as well.
TD Rewards lacks an airline flight chart, but will give you more rewards than the CIBC Aventura Visa Infinite on any type of travel booking.
CIBC Aventura Visa vs MBNA Rewards Platinum Plus: Which is better for free travel rewards?
The no fee version of the CIBC Aventura Visa Infinite, the
And while you can get great value for your points using the Airline Rewards chart, this card will leave something to be desired if you want to book any travel.
Our top alternative – MBNA Rewards Platinum Plus Mastercard
To earn more points, the
This card offers:
- 2 points per $1 spent on gas, groceries, and restaurant purchases, up to $5,000 in annual spend on each category, and
- 1 point per $1 spent everywhere else.
Using your MBNA Rewards to book any type of travel is easy – each point is worth 1 cent, giving you a return of up to 2% on your spending, double what the Aventura Visa would give you.
It also comes with 7 types of insurance coverages, compared to 4 from the Aventura card.
CIBC Aerogold Visa Infinite vs Amex Gold Rewards: Which is better for Aeroplan rewards?
As Canada’s top airline program, Aeroplan will let you use your miles to go almost anywhere in the world.
And CIBC was the first Aeroplan credit card partner. The
This card earns you up to 1.5 miles per $1 spent, plus a slew of Air Canada benefits on Aeroplan rewards flights, such as a free checked bag and priority check-in.
Our top alternative – American Express Gold Rewards card
But for the credit card that offers the most Aeroplan rewards possible, you can’t beat the
While it doesn’t earn Aeroplan miles directly, you can transfer your Membership Rewards points at a 1:1 ratio to Aeroplan:
- 2 points per $1 spent on gas, groceries, drugstores, and travel, and
- 1 point per $1 spent on all other purchases.
No other Aeroplan credit card offers up to 2 points per $1 spent on basics.
And if ever there are no good Aeroplan redemption options when you want to use your points, that’s no problem either – you’ll have full access to the American Express Membership Rewards program, the Fixed Points Travel Program for any airline, transfer to several other airline rewards programs, transfer to Marriott Bonvoy for hotels, or redeem for any travel from any provider at a slightly lower reward value.
There’s no shortage of ways to use your points.
It does come with a slightly higher annual fee of $150, but it’s a small price to pay for super flexible rewards, and more of them.
Prefer a Visa instead?
If you prefer a Visa or an Aeroplan branded card, the
It does, however, come with a higher sign-up bonus of up to 25,000 miles (compared to 15,000) and first year free.
CIBC Dividend Visa Infinite vs Scotia Momentum Visa Infinite: Which is better for cash back rewards?
When it comes to earning cash back on basics such as gas and groceries, the
You’ll earn 4% cash back on those categories, 2% cash back at Tim Hortons and on Telus charges, and 1% cash back on all other purchases.
And while that seems great, those 2% categories leave something to be desired, unless you spend lots at Tim Hortons or have large Telus bills.
Our top alternative – Scotiabank Momentum Visa Infinite
Our top alternative is the
You’ll get the same 4% on gas and groceries, as well as 1% on all other purchases, but the 2% earning categories are much better.
You’ll get 2% cash back on recurring bills and drugstore purchases, much improved over 2% at Tims and Telus.
Just note that changes are coming to this card on August 1st.
While the annual fee will be increasing to $120, it’ll also come with mobile device insurance. The earn rates will also be shuffled around, with recurring bills earning 4% cash back, gas earning 2%, and transit purchases replacing drugstores for the other 2% category.
Other cash back cards to consider
CIBC Dividend Visa vs Tangerine Money-Back Mastercard: Which is better for free cash back rewards?
For a no fee cash back card option, the
It’s not easy to get cash back cards that offer 1% on all purchases and a bonus multiplier on another category. But there’s a catch, you’ll only earn 0.5% on all purchases until you surpass $6,000 in annual spending.
Then, the grocery extra earnings also have an earning cap of $6,000 per year, after which you’ll only earn either 0.5% or 1% cash back depending on how much you’ve spent so far that year.
Our top alternative – Tangerine Money-Back Mastercard
So let’s consider the
You’ll earn 2% cash back on 2 categories of your choice from a list of 10 (3 if you have a Tangerine bank account). And there is no limit on how much cash back you can earn.
To sweeten the deal, if you apply for the card before July 31, you’ll also get 4% unlimited cash back on your chosen categories.
And if your spending patterns change, you can change your categories whenever you like, with the changes taking effect in 3 billing cycles.
And while it only earns 0.5% cash back on all other purchases, simply pair it with either the
Combining these cards makes for a winning no fee cash back credit card combo.
Agree or disagree?
CIBC certainly does have some good cards in their portfolio.
However, they’re far from groundbreaking, and there are better alternatives out there for them.
What do you think?
If you have a CIBC card, do you think it’s still the best for you after seeing our top alternatives?
Let us know in the comments below.