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 2026-07-26
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
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.
~$0/year in rewards at this spend − $29 fee = -$29/year
The fee outruns rewards by $29/year — consider downgrading or cancelling before it billsEstimates price your spend at the card’s published earn rates and our Points Standard Index valuations; they ignore category earn caps and any retention offer the issuer might make if you call. Perks you actually use — insurance, lounge visits — are value on top of this math, so weigh them before cancelling.
Source: issuer card page · Last reviewed 2026-07-26. Details change often — confirm current terms with the issuer before applying.
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