CIBC Aventura Visa Card for Business

Last updated: August 4, 2023
  • 25,000 Aventura points
  • $313 First-year value
Signup bonus:
25,000 Aventura points upon first purchase
35,000 Aventura points after spending $35,000 in the first year
Total of up to 60,000 Aventura points
Annual fee:
$0 for the first year, then $120

Interest Rates:
19.99% purchase
21.99% cash advance
21.99% balance transfer
Earning rate:
2 Aventura points per dollar spent on travel purchases via the CIBC Travel Rewards Centre
1.5 Aventura points per dollar spent on gas, EV charging, and other travel purchases
1 Aventura point per dollar spent on all other purchases

The CIBC Aventura Visa Card for Business is a mid-tier card targeted at business owners that want to earn CIBC Aventura points from their day to day spending.

The information for the CIBC Aventura Visa Card for Business has been collected independently by Prince of Travel. The card details on this page have not been reviewed or provided by the card issuer.

Bonuses and Fees

When you apply for the CIBC Aventura Visa Card for Business, you get 25,000 Aventura points as a signup bonus after making your first purchase.

You can also earn an additional 35,000 Aventura points if you spend $35,000 in the first year, for a total of 60,000 Aventura points. However, this likely isn’t a realistic goal for most cardholders.

The $120 annual fee is currently waived for the first year. You can add $60 to the annual fee if you need low-interest financing for your business cashflow.

The bonus on this card isn’t extraordinary. However, for business owners looking to diversify their points portfolio, this card can make sense in certain situations.

Earning Rewards

This credit card earns CIBC Aventura points on daily spending at the following rates:

  • Earn 2 Aventura points per dollar spent on travel booked through the CIBC Travel Rewards Centre
  • Earn 1.5 Aventura points per dollar spent on gas, EV charging, and other travel purchases
  • Earn 1 Aventura point per dollar spent on everything else

Redeeming Rewards

CIBC Aventura points can be redeemed in a variety of ways. However, the most valuable way to redeem Aventura points is on travel purchases.

For example, you can redeem Aventura points for flights booked through the CIBC Travel Rewards Centre at a rate of 1 cent per point.

However, you can also redeem CIBC Aventura Points for eligible travel booked in any way at an elevated rate of 1.25 cents per point (cpp), which is twice the usual redemption value for flexible travel bookings. This is the best flexible travel redemption rate for fixed-value points in Canada.

Keep in mind that you must make the redemption while the transaction is still pending, and that CIBC may change or withdraw this promotional offer at any time.

You can also use CIBC Aventura points towards a $1,000 (CAD) airline ticket in the “Canada and U.S. (long-haul)” category on the Aventura Airline Rewards Chart, increasing the value of your points from 1 cent per point (cpp) to 2.5cpp.

Generally speaking, it’s recommended to redeem Aventura points via the above chart whenever possible, since it offers the maximum value for your points. It’s worth noting that this must be done through CIBC’s in-house travel portal.

However, Aventura points can also be useful for offsetting the cost of travel that’s otherwise difficult to book with points. For example, Aventura points can be used to cover the cost of independent hotels, short-term rentals, car rentals, trains, or flights that can’t be booked with other programs, such as Aeroplan or Marriott Bonvoy.

Perks & Benefits

The CIBC Aventura Visa Card for Business doesn’t feature any traditional perks and benefits; however, it’s worthwhile to note that when you apply for the card, you’re able to choose which annual fee and accompanying interest rates work best for your business.

Insurance Coverage

The insurance on the CIBC Aventura Visa Card for Business is middle of the road, as it doesn’t come with emergency out-of-province medical insurance, which is a pillar of many other cards.

With the CIBC Aventura Visa Card for Business, you’ll get flight and baggage delay insurance, car rental loss and damage insurance (which can help you save on the daily insurance charged by car rental companies), $500,000 common carrier accident insurance, and protection against trip cancellation or interruption.

Historical Offers

Apply Now

This card is available for any business, whether you run a sole proprietorship or a corporation. You will need to show various types of business registration documents depending on the structure of your enterprise.

You can qualify with a minimum personal annual income of $35,000. Otherwise, you can be approved on the basis of your business financials if you apply for the CIBC Aventura Visa Card for Business Plus.

You can follow the below link to the CIBC website to learn more about this card and submit an application.

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