CIBC Select Visa Card 2024 Low-Interest Credit Card in Canada with 13.99% Rate and Gas Savings per Litre
Maximize savings across Canada with the CIBC Select Visa, a low-interest credit card featuring a 13.99% interest rate and per-litre gas discounts
Overview of the CIBC Select Visa Card
The CIBC Select Visa Card is a practical low-interest credit card option for Canadians who prioritise manageable rates and straightforward benefits. With a fixed interest rate of 13.99% on purchases, balance transfers and cash advances, this card appeals to anyone who sometimes carries a balance and wants to avoid high APRs.
Accessible to many households with a modest income requirement, the card pairs affordability with everyday perks like gas savings per litre through Journie Rewards and basic travel insurance that suits domestic or cross-country travel within Canada.
Costs, rates and eligibility
Annual fee sits at just $29, making the CIBC Select Visa Card one of the more budget-friendly choices among low-interest credit cards in Canada. The recommended credit score is in the fair-to-good range, and the minimum household income requirement keeps it open to students and young professionals.
Because the interest rate is fixed at 13.99%, the card is particularly useful for balance transfers and larger purchases where carrying a balance is likely. Keep an eye on promotional balance-transfer windows and always compare fees before consolidating debt.
Everyday benefits and gas savings
One standout feature is the gas savings per litre when you link the CIBC Select Visa Card with Journie Rewards at participating stations. Those regular trips to the pump add up, and saving on litres across provinces like Ontario, Alberta or British Columbia makes a real difference over a year.
Beyond fuel discounts, the card includes $100,000 Common Carrier Accident Insurance and no fees for sending CIBC Global Money Transfers, so it’s useful for Canadians with family abroad or frequent travellers who value low transaction costs.
How to use it and alternatives
Use the CIBC Select Visa Card for everyday essentials—groceries, bills and fuel—to benefit from stable costs and to build credit by keeping utilisation low and paying on time. For long-term planning, this low-interest credit card can be a tool to rebuild or maintain credit scores while avoiding high interest on carried balances.
If rewards are your priority, compare this card to zero-fee cash-back alternatives like Tangerine or merchant-focused cards; however, if your goal is to minimise interest costs and get gas savings per litre in Canada, the CIBC Select Visa Card remains a compelling choice.