CIBC Classic Visa for Students

CIBC Classic Visa for Students

CIBC Classic Visa for Students
Summary: Student Visa card with insurance benefits and no annual fee

Description: 

The Classic Visa for Students card by CIBC provides the cardholder many benefits normally found in a premium card with no annual fee and minimal income and credit limit requirements.

This card has a standard interest rate of 19.99% for purchases and 21.5% on balance transfers and cash withdrawals.

Insurance benefits include Extended Warranty, Purchase Security and Travel Accident Insurance plus several optional benefits are available for an additional fee.

Overview

Version:
Standard
Card Type:
Visa
Credit required:
None
Issuer: 
CIBC
Minimum Income: 
$1,200
Minimum Credit Limit: 
$500
 

Annual Interest Rates

Interest Rate: 
19.99%
Cash Advance: 
21.5%
Balance Transfer: 
21.5%
Grace Period: 
21 days
Minimum Payment: 
$10 or 2.1% (whichever is greater)
 

Annual Fees

Annual Fee: 
$0
Supplemental Cards: 
$0
 

Balance Protection

Insurance Plan: 
Payment Protector
Age to Qualify: 
Under 65
Monthly Premium: 
$0.89 (per $100 of outstanding balance)
Maximum Benefit: 
$20000
 

Rewards

Travel / Vacation: 
No
Cash Back: 
No
Merchandise: 
No
Groceries: 
No
Vehicle Rebates: 
No
Charitable Donations: 
No
Health Care: 
No
Financial Products: 
No

Benefits

Car Rental Insurance: 
No
Extended Warranty: 
Yes
Travel Accident Insurance: 
Yes
Travel Medical Insurance: 
Yes*
Trip Cancellation Insurance: 
Yes*
Flight Delay Insurance: 
No
Baggage Insurance: 
No
Road Insurance: 
No
Balance Protection Insurance: 
Yes*
Indicates restrictions or additional fees may apply. Check the credit card's web site or fine print for more information.