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CIBC Select Visa Card
low-interest3.8 / 5

CIBC Select Visa Card

CIBC · Visa

Best for

Anyone carrying a balance or consolidating credit card debt.

Apply on CIBC
Annual fee
$29
FX fee
2.5%
Purchase APR
13.99%
Income req.
$15,000 household
Recommended credit score
640+
Approval difficulty
Moderate approval

VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.

Our verdict

A purpose-built debt-management card: the 10-month 0% balance transfer window plus a permanent 13.99% rate can save serious interest versus a standard 21.99% card.

Reward rates

All purchases
No rewards program; this is a low-interest card
0%

Pros

  • One of the cheapest ways in Canada to pay down card debt
  • Same low rate applies to cash advances

Cons

  • No rewards earned
  • Small annual fee after the first year

Perks

  • Low 13.99% interest on purchases, cash advances and balance transfers
  • 0% introductory interest on balance transfers for the first 10 months (1% transfer fee)
  • First-year annual fee rebate on current offer
  • Free additional cards
  • Up to 10 cents off per litre with Journie Rewards

Insurance

  • Common carrier accident ($100,000)

Frequently asked questions

Is the CIBC Select Visa Card worth it?

It charges a $29 annual fee, and we rate it 3.8 out of 5. It's best suited to anyone carrying a balance or consolidating credit card debt. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.

What does the CIBC Select Visa Card earn?

It earns 0% on all purchases.

What credit score do you need for the CIBC Select Visa Card?

We'd suggest a score of around 640 or higher, which puts approval in our "moderate" band. It also lists an income requirement of $15,000 household. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.

Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site. This does not influence our editorial content.
Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed June 2026 · How we research

Cite this page

“CIBC Select Visa Card Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/cibc-select-visa, updated June 2026.

Sources
  • CIBC cardholder agreement and rates & fees disclosure
  • VaultNerd cards database