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CIBC Select Visa Card

CIBC Select Visa Card

Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

CIBC Select Visa Card
CIBCLow Interest

CIBC Select Visa Card

Our take: a $29-a-year card built around a 13.99% purchase rate rather than rewards — worth a look if you sometimes carry a balance.

#4 Balance transfer

Welcome bonus$0 annual fee in year one, then $29/year — plus 0% interest on balance transfers for 10 months
Apply on CIBC’s site →

  • Goes straight to CIBC
  • Our review

The CIBC Select Visa Card is a low-interest credit card designed for people who sometimes carry a balance rather than for earning rewards. Its 13.99% purchase and cash advance APR is well below the 20%+ rates typical of rewards cards, and the modest $29 annual fee is waived for the first year. There’s no points or cash-back program, so this card makes the most sense as a cost-saving tool for carried balances, not as an everyday spending card.

4.0out of 5

MoneyMint rating

#4 of 7 low-interest and no-rewards cards · How we rate

Rewards value
0/10
Insurance
0/10
Flexibility
4/10
Welcome bonus
0/10
Fee value
9/10
Perks
0/10

Rate-first card

Not built for rewards, so the score leans on interest rate, fees and insurance. Find the right fit for you →

At a Glance

Annual fee

$29waived for year one

Rewards rate

Noneno points or cash-back program

Credit score needed

Good

Foreign transaction fee

2.5%

Purchase APR 13.99% · Cash advance APR 13.99%

Pros & Cons

Pros

  • 13.99% purchase and cash advance APR is substantially lower than the 20%+ rates on most rewards credit cards
  • Low $29 annual fee, and it’s waived entirely in the first year
  • 0% introductory rate on balance transfers for 10 months can meaningfully cut interest costs while paying down existing debt
  • Simple, predictable card with no rewards program to track or optimize

Cons

  • No rewards, points, or cash back of any kind — every dollar spent earns nothing back
  • 13.99% APR, while low for a rewards card, is still well above what a line of credit or other lending product might offer
  • 2.5% foreign transaction fee applies on purchases made in other currencies
  • Balance transfer offer is introductory only; the standard 13.99% rate applies to transferred balances after the 10-month window
  • Not a good fit for anyone who pays their balance in full each month, since a no-fee rewards card would earn more value

Rewards & Earn Rates

All purchasesNo rewardslow-interest card, not a rewards card
This card’s value comes entirely from its lower interest rate and balance-transfer offer, not from rewards. If you pay your balance in full every month, a no-fee rewards card will almost always deliver more value than this card.

Who It’s For

Best for

  • People who sometimes carry a balance and want to reduce the interest they pay
  • Anyone consolidating higher-interest debt who can benefit from the 10-month 0% balance transfer offer
  • Those who want a simple, no-frills card without an aggressive annual fee

Not ideal for

  • Anyone who pays their statement balance in full each month — a no-fee rewards card would earn more overall value
  • Shoppers looking to earn cash back or travel points on everyday spending
  • Frequent international travelers who’d pay less in foreign transaction fees with a card designed for travel
IssuerCIBC
Annual fee$29 (waived year one)
Welcome bonus0% balance transfer, 10 months
Foreign transaction fee2.5%
MoneyMint rating4.0 / 5

Apply on CIBC’s site →

This link goes directly to CIBC’s official page. MoneyMint doesn’t currently have a paid partnership for this card, so this isn’t a monetized recommendation.

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BMO Preferred Rate Mastercard

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4.0MoneyMint rating

CIBC Select Visa Card

Low-rate card · $29/year

Apply on CIBC’s site →Find a better fit

J

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against CIBC’s official card page on September 25, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by CIBC and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

What is the annual fee for the CIBC Select Visa Card?

The CIBC Select Visa Card has an annual fee of $29 (rebated for the first year).

What is the rewards rate on the CIBC Select Visa Card?

The CIBC Select Visa Card offers: None — this is a low-interest card with no points or cash-back program

Does the CIBC Select Visa Card have a welcome bonus?

First-year annual fee rebate + 0% interest on balance transfers for 10 months Standard 13.99% APR applies to any balance remaining after the 10-month introductory period.

What credit score do I need to qualify for the CIBC Select Visa Card?

Generally, you’ll want a good credit score to be considered for the CIBC Select Visa Card. Approval also depends on income and overall credit history, not credit score alone.

Does the CIBC Select Visa Card charge foreign transaction fees?

2.5%