BMO CashBack Mastercard
4.3·No-fee grocery cash back — a great first or student card
- Annual fee
- No annual fee
- Welcome bonus
- $125
- Top reward
- 3% groceries
- Strong no-fee grocery rate
- Easy approval, good for students
Rated by the CreditCardGuru Editorial Team
One of the better student cards in Canada thanks to the SPC+ perk and welcome points, even if earn rates are modest.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- $125
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- points
- Purchase APR
- 21.99%
Rewards & earn rates
| Gas & EV charging | 1x |
| Groceries | 1x |
| Drug stores | 1x |
| Travel via CIBC Rewards Centre (CIBC by Expedia) | 1x |
| Everything else1 point per $2 spent | 0.5x |
Welcome offer: Up to 12,500 Aventura points (2,500 points for completing five onboarding activities within 60 days; 10,000 bonus points with $1,000 in net purchases in first 4 statement periods).
Pros & cons
Pros
- No income requirement makes approval accessible for students
- Free SPC+ membership adds real student value
Cons
- Low 0.5x base earn rate
- Sparse insurance coverage
Perks & insurance
Key perks
- No annual fee and no minimum income requirement
- Free SPC+ membership with discounts at 450+ brands
- Builds credit history while earning travel points
- Credit limit up to $5,000 for Canadian students
- Points never expire while the account is open
Insurance
- Common carrier accident ($100,000)
- Purchase security and extended protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but CIBC can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on CIBC's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and CIBC's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with CIBC. Trademarks belong to their respective owners.
Similar cards to consider
RBC ION+ Visa
4.0·Everyday spenders and students who want high multipliers on groceries, gas, dining and streaming at a minimal fee.
- Annual fee
$48$0- Welcome bonus
- $100
- Top reward
- 3x groceries
- 3x earn across most everyday spending categories for only $4/month
- Effectively free for students and young adults
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
- Transparent rating methodology
- Updated continuously
Cite this page
“CIBC Aventura Visa Card for Students Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/cibc-aventura-visa-students, updated June 7, 2026.