low interestbalance transfer

CIBC® Select Visa® Card review

Name: CIBC Select Visa Card
Brand: CIBC

3.8Rated by the CreditCardGuru Editorial Team

A purpose-built debt-management card: the 10-month 0% balance transfer window plus a permanent 13.99% rate can save serious interest versus a standard 21.99% card.

At a glance

Annual fee: $29
Foreign tx fee: 2.5%
Network: VISA
Rewards: cash back
Purchase APR: 13.99%

Rewards & earn rates

All purchasesNo rewards program — this is a low-interest card

Pros & cons

Pros

One of the cheapest ways in Canada to pay down card debt
Same low rate applies to cash advances

Cons

No rewards earned
Small annual fee after the first year

Perks & insurance

Key perks

Low 13.99% interest on purchases, cash advances and balance transfers
0% introductory interest on balance transfers for the first 10 months (1% transfer fee)
First-year annual fee rebate on current offer
Free additional cards
Up to 10 cents off per litre with Journie Rewards

Insurance

Common carrier accident ($100,000)

Rates & fees

Annual fee: $29
Purchase interest: 13.99%
Cash advance: 13.99%
Foreign transactions: 2.5%

First year rebated under current offer; $0 for additional cards.

Compare CIBC® Select Visa® Card with…

vs MBNA True Line Mastercard vs Scotiabank Value Visa Card

Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team

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Desjardins® Odyssey® Visa® Infinite Privilege

4.2·Affluent Quebec travellers who want luxury Visa Infinite Privilege perks, generous earn rates and best-in-class travel insurance.

Annual fee: $295/yr
Top reward: 4x restaurants

4% back on dining, entertainment and transit with a strong 1.5% base
60-day travel insurance plus 18 combined lounge visits per year

Suggested score 760+ · Excellent credit

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MBNA®

MBNA® True Line® Mastercard®

4.1·Paying down debt with a low rate and a 0% balance transfer

Annual fee: No annual fee
Top reward: No rewards

Low ongoing purchase rate
0% intro balance-transfer offer

Suggested score 660+ · Good credit

Apply now View details

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 Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions.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.

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Cite this page

“CIBC® Select Visa® Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/cibc-select-visa, updated June 7, 2026.