- Balance Transfers Made Simple
- No Annual Fee for Two Years
If you're dealing with high-interest credit card debt, the CIBC Select Visa Card could be the solution you've been looking for. With 0% interest on balance transfers for the first 10 months, this card gives you a valuable opportunity to pay down your debt without accumulating more interest.
Balance Transfers Made Simple
Many credit cards charge over 20% interest annually — that can make it nearly impossible to get ahead. The CIBC Select Visa Card allows you to transfer your balances from other credit cards with no interest for 10 months, and you’ll only pay a one-time 1% transfer fee. This helps you save significantly and focus on reducing your debt.
Whether you’re consolidating from multiple cards or tackling one large balance, this offer can make a big difference in your financial journey.
No Annual Fee for Two Years
To make the deal even better, CIBC is currently waiving the $58 annual fee for the first two years. Starting in the third year, a reduced fee may apply, but even then, the value you get from this card remains competitive.
A Few Things to Keep in Mind
This card is ideal for balance transfers and everyday purchases, but it is not intended for cashback or reward points. Also, you cannot transfer money from this card to a chequing account — balance transfers must be to other credit cards.
It's also important to make at least the minimum payment every month. Missing a payment could result in losing your 0% promotional interest rate and returning to the standard interest rate, which defeats the purpose of using the card to save on interest.
Additional Benefits
SkipTheDishes Perks
- The CIBC Select Visa Card comes with some great food delivery benefits through SkipTheDishes:
- A 12-month free Skip Rewards subscription
- $15 off your first three Skip orders of $30 or more
- No delivery fees during your free trial period
- These benefits are perfect if you enjoy the convenience of ordering in.
Save on Gas with Pioneer
With gas prices on the rise, this card can help reduce fuel costs:
- Get 3 cents per litre off at Pioneer gas stations
- Earn JOURNIE Rewards points using the JOURNIE app
- After reaching 300 points, get an additional 7 cents per litre off
- That’s up to 10 cents off per litre every time you fill up
Pro tip: Fuel up during weekday evenings, when Pioneer stations often apply additional price drops. Combined with your CIBC card discounts, you could be saving more than 20 cents per litre compared to regular pump prices.
Zero Interest Cards in Canada - Apply Now
How to Apply
Getting started is easy. You can:
- Apply online via the CIBC website
- Or visit any CIBC branch in person
The CIBC Select Visa Card is a practical tool if you want to get out of debt faster and avoid the burden of high interest charges. With zero interest on balance transfers, waived annual fees, and extra lifestyle perks, it's one of the most cost-effective credit cards for debt management.
Apply today and take control of your financial future.
