As a CIBC Aventura cardholder, it is vital to understand your cardholder agreement thoroughly. Your cardholder agreement outlines the terms and conditions of your credit card, including the interest rates, fees, rewards, and other important details.

Interest Rates:

The CIBC Aventura card comes with a variable interest rate, meaning that your interest rate can change based on various factors such as your credit score, payment history, and economic conditions. Your interest rate is determined by adding the CIBC Prime Rate plus a percentage that is determined by CIBC.

Fees:

The CIBC Aventura card comes with several different fees, including an annual fee, cash advance fee, foreign transaction fee, and an over-limit fee. The annual fee for the CIBC Aventura card varies depending on the type of card you have, but ranges from $120 to $1200 CAD per year. There is also a cash advance fee of $3.50 CAD or 1.50% of the transaction amount, whichever is greater. The foreign transaction fee is 2.5% of the transaction amount in Canadian dollars, and there is an over-limit fee of $29 CAD.

Rewards:

The CIBC Aventura card offers a rewards program that allows you to earn points on every purchase. These points can then be used towards travel, merchandise, and more. You can earn 1 Aventura point for every $1 CAD spent on your card for eligible purchases. There are also bonus points available for certain purchases and promotions. Points can be redeemed for flights, hotels, car rentals, vacation packages, merchandise, and more, through the Aventura Travel Assistant.

Other Important Details:

Your cardholder agreement also outlines your credit limit, the grace period for payments, and the terms for balance transfers. It also includes information on dispute resolution and how to handle lost or stolen cards.

In conclusion, understanding your CIBC Aventura cardholder agreement is essential to making the most of your credit card and avoiding unnecessary fees and penalties. Take the time to review your agreement carefully and contact CIBC customer service if you have any questions or concerns. By using your card responsibly and staying informed, you can maximize the benefits of your CIBC Aventura card.