CIBC Select Visa
A near-twin of Scotiabank's Value Visa with a slightly longer 0% window and a Quebec fee waiver. Pick whichever bank you already deal with.
- Annual fee
- $29 (Rebated first year (current offer))
- Welcome bonus value (full offer)
- ≈ $0 0% interest for up to 10 months on balance transfers of $100+ (1% transfer fee, waived for Quebec residents), plus first-year fee rebated
- First-year net value
- ≈ $0
- Interest rates
- 13.99% purchases · 13.99% cash advances
Direct issuer link · details verified Oct 4, 2026
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Standard Score breakdown
PassSix weighted components, each rated 0–10. “Contributes” is the rating × weight: add all six and you get a raw 3.08/10, published as 3.1/10.
Evidence behind each input
The facts are structured; the rating remains an editorial judgment. Open any component to audit what was considered without mistaking the evidence for an automatic formula.
First-year value2.5/10
The published first-year net value maps directly to the executable anchor ladder.
- $0 first-year net value maps to a 2.5/10 baseline.
- Published first-year input: 2.5/10, matching the baseline.
Ongoing value3.0/10
This input judges recurring earn and cash-like credits after the annual fee; the welcome offer and non-cash perks are excluded.
- $29 annual fee.
- Fee condition: Rebated first year (current offer)
- Published earn: No rewards, 13.99% on purchases, cash advances, and balance transfers: All purchases.
- No cap is stated in the structured earn rows.
Flexibility2.0/10
This input reflects that the card creates no reward currency and therefore offers no redemption path.
- Reward currency: None (no rewards).
- Flexibility evidence: Flat 13.99% across purchases, cash advances, and balance transfers
- The card earns no redeemable reward currency.
Perk usability2.5/10
This input credits non-cash benefits at realistic use, separate from cash-like credits already counted in ongoing value.
- No airport lounge access.
- No included insurance is listed.
Low friction7.0/10
This input combines network acceptance, caps, conditions, eligibility, and operational effort; a higher rating means less friction.
- Visa acceptance; 2.5% foreign-transaction fee.
- Eligibility: $15,000 household-income alternative.
- Provincial condition: The 1% balance-transfer fee is waived entirely for Quebec residents.
- Practical constraint: $15,000 household income requirement
Strategic fit3.5/10
This input asks whether the card fills a distinct role in a small wallet rather than duplicating another card; redemption quality is not counted again here.
- Ranking roles: low-interest.
- Fit case: CIBC clients consolidating a balance, especially in Quebec, where the transfer fee is waived entirely.
- Main conflict: You're rate-shopping on the standing rate alone; MBNA Gold and Flexi are meaningfully cheaper to carry.
See how the Standard Score works or re-weight it to your priorities.
Earn rates
| Category | Rate |
|---|---|
| All purchases | No rewards, 13.99% on purchases, cash advances, and balance transfers |
Included insurance
02 / The case
What it does well, and what it costs you
Both sides of the ledger. A card that suits one wallet can be the wrong call in another, so the drawbacks are named as plainly as the benefits.
Why it earns its score
- Flat 13.99% across purchases, cash advances, and balance transfers
- 0%/10-month balance-transfer offer, and Quebec residents pay no transfer fee at all
- First-year fee rebate makes trying it free
Where it loses points
- No rewards of any kind
- $29 fee returns in year two
- $15,000 household income requirement
Who it’s for
CIBC clients consolidating a balance, especially in Quebec, where the transfer fee is waived entirely.
Who should skip it
You're rate-shopping on the standing rate alone; MBNA Gold and Flexi are meaningfully cheaper to carry.
The bottom line
Standard Score 3.1/10 · Pass. We estimate ≈ $0 in first-year net value after the $29 fee.
Direct issuer link · no commission shapes this review
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Renewal math
Should you keep this card?
The welcome offer only lands once, and the waived first-year fee bills for real at renewal, so the keep-or-cancel question is whether the $29 fee still pays for itself on earn alone. Enter your monthly spend to see the recurring math.
Count credits, certificates, bags or lounge visits only at what they replaced for you, not brochure value.
~$0/year in rewards at this spend − $29 fee + $0 personally used recurring benefits = -$29/year ongoing
The fee still outruns your value by $29 this renewal; consider downgrading or cancelling before it billsEstimates price your spend at the card’s published earn rates and our Points Standard Index valuations; structured category caps are applied. Benefits and retention offers enter the math only through your inputs above. Eligibility, downgrade paths, credit-score effects, tax consequences, and benefit-certificate restrictions are not assessed; confirm options with the issuer before changing the account.
Source: issuer card page · Last reviewed Oct 4, 2026. Details change often: confirm current terms with the issuer before applying.
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Four ways on from here, grouped so you can pick the one that matches the question you still have.