CIBC Platinum Visa

CIBC Platinum Visa

CIBC Platinum Visa
Summary: Visa card with no annual fee and insurance benefits

Description: 

The Platinum Visa card by CIBC is a credit card with no annual fee for primary or supplemental cards. It has an annual interest rate of 19.99% on purchases and 21.5% for balance transfers, convenience cheques and cash advances. (Effective February 2011)

This Visa card offers insurance benefits including Rental Vehicle Insurance, Extended Warranty and Travel Accident Insurance. Optional coverage can be added such as Trip Cancellation/Trip Interruption Insurance and Balance Protection.

Overview

Credit required:
Good
Card Type:
Visa
Version:
Platinum
Issuer: 
CIBC
Minimum Income: 
$35,000
Minimum Credit Limit: 
$5,000
Maximum Credit Limit: 
$50,000
 

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