Who this card is for
A good fit if you…
- People who will transfer a balance of at least the listed minimum, can live with a transfer fee and a cap at 50% of the assigned limit, and will repay that transfer before the 0% window ends.
- Applicants who meet the modest household-income figure in eligibility and who want extra cards at $0 — the issuer currently lists up to three additional cards at no extra annual fee.
- Drivers who already use Journie Rewards at participating Pioneer, Fas Gas, Ultramar, or Chevron stations and will actually link the cards, treating cents-off as a perk rather than a cash-back program.
- CIBC customers who send Global Money Transfers and will pay those transfers by the due date so the “no interest / no transaction fee” pitch in features still holds.
Skip it if you…
- Anyone who pays the statement in full every month. A 13.99%-class rate does nothing if you never pay interest; CIBC Dividend Visa currently lists $0 and 2% groceries for that habit.
- People who needed 0% on new purchases rather than on a transfer. That is TD Low Rate Visa.
- Households that shop Costco Canada on this plastic. This is a Visa; the warehouse wants a Mastercard — BMO Preferred Rate if you needed the low-rate network to match.
- Rewards collectors looking for Dividend’s grocery stack. There is no rewards program; Journie is a gas-station link, not 3% cash back.
Pros and cons
Pros
- The current welcome line is a long 0% transfer window with a first-year fee rebate, which is the right shape if the debt already lives on another card.
- Purchase and cash-advance rates currently match, and both sit below typical Canadian rewards cards.
- Additional cards currently show $0 for up to three extras.
- Features currently name Journie Rewards cents-off at participating Pioneer, Fas Gas, Ultramar, and Chevron stations if you link and use that card.
- Features currently mention no transaction fees on CIBC Global Money Transfer, and no interest on those transfers if you pay by the due date — a niche but real perk for people who already send money that way.
Cons
- There is no rewards program. Journie cents-off and GMT fee waivers are not a Dividend earn mix.
- The detailed welcome terms currently cap the transfer at 50% of your assigned credit limit, with a transfer fee. You may not be able to move the whole balance in.
- The welcome-value estimate is empty, so the first-year snapshot on this page will not show a bonus-minus-fee figure — 0% is not a cash gift.
- A Visa cannot check out at Costco Canada. BMO Preferred Rate is the low-rate Mastercard if the warehouse is the revolving bill.
- Check the issuer’s site for current insurance coverage. This is a low-rate Visa, not a travel-medical product.
Fees and value: is the annual fee worth it?
First-year snapshot (estimate)
- Annual fee
- $29
- Estimated welcome bonus value
- Not listed
- Bonus minus fee (estimate)
- —
This is a simple comparison of the estimated welcome-bonus value against the annual fee. It ignores rewards on spending, credits you have to remember to use, and interest if you carry a balance. Offers change — verify with the issuer.
The fee table shows a $29-class card; the detail line currently notes a first-year rebate, with extra cards at $0 for up to three extras. The welcome-value estimate is empty, so the first-year snapshot on this page will not manufacture a cash bonus from a 0% transfer teaser.
Year one is $0 fee plus 0% on a transfer up to half your limit, minus the transfer fee. Year two is $29 versus a 13.99%-class purchase rate with no teaser.
If you pay in full, Dividend Visa at $0 is the better CIBC card. If you needed 0% on new purchases, TD Low Rate is the comparison.
If you needed a Mastercard and a Performance-chequing fee rebate, BMO Preferred Rate is the other transfer-shaped product. Offers change.
A 1%-class transfer fee still costs money even at 0% interest. Pay the promo down before it ends.
Rewards and earn rates explained
Rewards program: N/A
This card is not a cash-back Visa. There is no rewards program.
Features describe Journie Rewards cents-off per litre at participating Pioneer, Fas Gas, Ultramar, and Chevron stations when you link and use that card, and no transaction fees on CIBC Global Money Transfer — with no interest on those transfers if you pay by the due date. Detailed features repeat the Journie link and the GMT fee pitch.
Treat both as side perks. Put an incoming transfer here during the 0% window; put grocery you pay in full on CIBC Dividend Visa Card; put new purchases you cannot pay immediately on TD Low Rate if that teaser is still live.
Costco Canada is still Mastercard-only, so this Visa will not help at the warehouse.
Welcome bonus: how to unlock it
Transfer your credit card balance of $100 or more - get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate
The current welcome line is 0% interest for up to ten months on a balance transfer of a listed minimum, with a transfer fee, plus a first-year annual-fee rebate. The detailed feature list adds that you can transfer up to 50% of your assigned credit limit.
The welcome-value estimate is empty, which is honest: 0% is not a dollar wrap. No bonus eligibility terms are listed.
Do not treat this as a 0%-on-purchases offer copied from TD. Do not transfer more than you can repay before the window ends, and do not assume the other 50% of a large balance will move for free.
FAQ
Is the CIBC Select Visa Card worth it in 2026?
It is worth it when you will complete a transfer inside the cap and fee, the 0% window beats the card you have now, and you have a payoff date. It is not worth it as a Dividend grocery card or as a card you pay in full.
CIBC Select vs BMO Preferred Rate vs TD Low Rate?
This Visa currently lists a 13.99%-class rate, a $29-class fee with a first-year rebate, and 0% on transfers for up to ten months with a transfer fee and a 50% limit cap. BMO Preferred Rate charges 13.99% on purchases, rebates the $29 fee every year with a BMO Performance chequing account, and gives new accounts 0% on balance transfers for 18 months with a 3% fee. TD Low Rate currently lists a lower ongoing rate and 0% on purchases, not transfers. Match the teaser type to the debt you actually have.
Should I use this if I pay in full every month?
No. A low purchase rate only saves money when you pay interest. If you pay in full, CIBC Dividend Visa Card currently lists $0 and 2% groceries, which this card does not.
How does Journie Rewards work on this card?
The card’s features currently say you can save up to a listed number of cents per litre at participating Pioneer, Fas Gas, Ultramar, and Chevron stations by linking and using your Journie Rewards card. That is a gas-station program, not Dividend cash back. Confirm the live Journie terms; other banners will not pay it.
Does this card charge foreign-exchange fees?
Most Canadian low-rate Visas add a foreign-conversion fee on foreign-currency purchases. Global Money Transfer fee waivers in the card’s features are not the same as 0% FX on a Paris dinner. For overseas card spend, compare Scotiabank Passport Visa Infinite, and confirm CIBC’s current FX rate in the agreement.
Compare related cards and guides
More Canadian credit card lists that match this product, plus a few cards people usually compare it with.
- BMO Preferred Rate Mastercard review · BMO · $29 annual fee
- TD Low Rate Visa Card review · TD · $25 annual fee
- CIBC Dividend Visa Card review · CIBC · $0 annual fee
