low-interest3.8 / 5
CIBC Select Visa Card
CIBC
Best for
Apply on CIBC Anyone carrying a balance or consolidating credit card debt.
Annual fee
$29
FX fee
2.5%
Purchase APR
13.99%
Income req.
$15,000 household
Recommended credit score
640+
Approval difficulty
Moderate approvalVaultNerd 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)
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 Information may be simplified, incomplete, or out of date.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
The VaultNerd Team
Researching and writing about Canadian credit cards and rewards since 2026.
Cite this page
“CIBC Select Visa Card Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/cibc-select-visa, updated June 2026.
Sources
- CIBC cardholder agreement and rates & fees disclosure
- VaultNerd cards database