CIBC Select Visa Card
Last updated:
$35/year
Opens issuer website
Key Details
Annual Fee
$35
Network
visa
Credit Required
fair, good
Reward Type
low-interest
Rewards Earn Rates
0x
Everything Else
Highlights
- $35 annual fee
- Low 13.49% interest rate
- Balance transfer offers available
- Low minimum income requirement
Pros & Cons
Pros
- + Low interest rate (13.49%)
- + Balance transfer promotional rates
- + Accessible credit requirements
- + Lower fee than most low-interest cards
Cons
- – No rewards
- – $35 annual fee
- – No travel insurance
- – No perks
Who Is This Card For?
The CIBC Select Visa Card is best suited for Canadians who prioritize low-interest, balance-transfer spending. At $35/year, it's worth it for those who spend enough in bonus categories to offset the fee.
Benefits Breakdown
Ways to Reduce the Annual Fee
- Low fee of $35 is easily offset by interest savings
- Watch for 0% balance transfer promotions
- Product-switch to a rewards card once debt-free
Multi-Card Strategy
Debt payoff tool. Once balance is zero, product-switch to CIBC Aeroplan or Dividend Visa.
See full multi-card strategies →Is this card worth it for you?
Use our rewards estimator to see how much you'd earn based on your spending.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
Apply for CIBC Select Visa CardAffiliate link · Disclosure
Similar Cards to Consider
MBNA True Line Mastercard
MastercardMBNA · No annual fee
0% intro rate on balance transfers
Pros
- +No annual fee
- +Low regular interest rate of 12.99%
- +Balance transfer promotional offers
Cons
- –No rewards or cashback
- –No travel perks
Scotiabank Value Visa Card
VisaScotiabank · $29/year
Pros
- +Very low interest rate (12.99%)
- +Low annual fee ($29)
- +Accessible to fair credit
Cons
- –No rewards at all
- –$29 annual fee
Sources
Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.