One technique to redeem CIBC Aventura factors is by making use of them to purchases made instantly with journey distributors. This turns out to be useful for reserving unbiased resorts, cruises, or the rest that you would be able to’t ebook with different factors currencies, similar to Aeroplan factors or British Airways Avios.
Sometimes, cardholders can redeem Aventura factors for 0.625 cents per level (cpp) in opposition to any journey buy, or 8,000 factors for each $50 of credit score.
In 2022, CIBC doubled that charge to 1.25cpp or 8,000 factors for each $100 (CAD) of credit score, and the financial institution has introduced that this promotional redemption charge has as soon as once more been prolonged, this time to July 16, 2023.
Redeem CIBC Aventura Factors for 1.25 Cents Per Level
Till July 16, 2023, all CIBC Aventura cardholders can redeem their factors for 1.25cpp in direction of any and all journey purchases. The factors are transformed into a press release credit score, which offsets the price of your buy.
This promotion is basically a 100% bonus from the usual charge when redeeming Aventura factors for a press release credit score in direction of journey purchases. In different phrases, the worth of every Aventura level is doubled, which works out to 1.25 cents per Aventura level redeemed, or a ratio of 8,000 Aventura factors for each $100 (CAD) of assertion credit score.
Your buy should code as journey so as to redeem Aventura factors at this improved ratio, and the acquisition should even be made in Canadian {dollars} so as to qualify.
When it comes time to redeem factors at their most worth, CIBC requires you to finish a three-step course of:
- Buy journey along with your CIBC Aventura bank card
- Discover the pending transaction
- Redeem your factors for the pending transaction
Step one is the best of the three. You’ll be able to ebook flights, trip packages, cruises, resorts, automotive leases, excursions, trains, limousines, and another journey.
You aren’t required to ebook by a particular channel, similar to any explicit on-line journey company or the financial institution’s in-house CIBC Journey Rewards Centre. Slightly, you need to use any technique that you simply’d like; simply make sure to use your CIBC Aventura bank card for the acquisition.
CIBC Aventura Credit score Playing cards
| Credit score Card | Greatest Supply | Worth | |
|---|---|---|---|
40,000 CIBC Aventura factors First 12 months Free |
40,000 CIBC Aventura factors | $513 |
Apply Now |
40,000 CIBC Aventura factors First 12 months Free |
40,000 CIBC Aventura factors | $513 |
Apply Now |
As much as 80,000 CIBC Aventura factors $499 annual price |
As much as 80,000 CIBC Aventura factors | $373 |
Apply Now |
25,000 CIBC Aventura factors $120 annual price |
25,000 CIBC Aventura factors | $193 |
Apply Now |
10,000 CIBC Aventura factors $0 annual price |
10,000 CIBC Aventura factors | $125 |
Apply Now |
The second step is a very powerful of the three: you may solely redeem Aventura factors for 1.25cpp whereas the transaction remains to be pending.
Because of this if the transaction has already posted to your account, you’re too late. Nonetheless, so long as you discover the pending transaction and apply factors to it earlier than it posts, you’re in luck.
To seek out your pending transactions, merely head to CIBC Cell Banking or CIBC On-line Banking. Your pending journey transactions ought to seem inside your transaction historical past shortly after making the acquisition.
In the event you can’t discover a pending transaction, you might have to examine again on occasion, as it might take a day or two earlier than it seems.
When you’ve positioned the pending transaction, the ultimate step is to use your Aventura factors in direction of the journey buy to profit from the elevated 1.25cpp worth.
Choose the journey buy from inside your pending transactions, after which click on “Redeem with Factors”.
In case your buy is an eligible journey transaction, the 1.25cpp worth will likely be robotically calculated.
You need to be redeeming 8,000 Aventura factors for each $100 (CAD) you’re paying off. In the event you discover that one thing’s incorrect with the redemption worth, the acquisition doubtless doesn’t qualify as journey, or it wasn’t made in Canadian {dollars}.
Observe that the requested quantity should be equal to or lesser than your Aventura factors steadiness. If every thing works out properly, you’ll see a credit score posted in your account beneath “Procuring with Factors”.
Ought to You Redeem Aventura For 1.25 Cents Every?
The continuing capability to redeem CIBC Aventura factors in opposition to any journey buy for 1.25cpp is excellent, and places CIBC a step above all different fixed-value factors applications with different Canadian banks, similar to TD Rewards, BMO Rewards, and HSBC Rewards.
Previous to this promotion, redeeming CIBC Aventura factors instantly for a press release credit score yielded a ratio of 8,000 Aventura factors for a $50 (CAD) assertion credit score, or a worth of 0.625cpp. Beforehand, the most effective methods to redeem Aventura factors for optimum worth was through the CIBC Rewards Journey Centre, which is CIBC’s personal in-house journey portal, which resulted in a worth of 1cpp.
For probably the most half, 1cpp is the going charge for redeeming fixed-value factors, and CIBC’s promotional charge of 1.25cpp outperforms that by a full 25%.
Earlier than CIBC Aventura’s present promotion, Scene+ was the fixed-value factors program of alternative for many Canadians, since you may redeem factors for a press release credit score at a worth of 1cpp in opposition to any journey buy.
With the extension of the elevated redemption charge for journey booked any means, CIBC Aventura stays as probably the most beneficial technique to offset your journey bills with fixed-value factors.
Take into account that this isn’t the one, or probably probably the most beneficial, technique to redeem Aventura factors.
Utilizing the Aventura Airline Rewards Chart, you may rise up to 2.29 cents per Aventura level for those who max out the redemption worth by discovering a base fare on the most worth listed for every vacation spot. Squeezing this additional worth out of your factors could be cumbersome, as you must store round for fares that don’t exceed the utmost permitted worth.
It’s additionally attainable to redeem Aventura factors for reward playing cards, merchandise, monetary merchandise, assertion credit, and even experiences, however you’ll be getting inferior worth out of your factors for those who select to take action.
Conclusion
Till July 16, 2023, CIBC Aventura cardholders can redeem Aventura factors in direction of a press release credit score instantly in opposition to any journey purchases at a charge of 1.25 cents per level.
Certainly, the power to ebook any journey and redeem Aventura factors at 1.25cpp is probably the most versatile technique to get the journey you need and redeem factors in opposition to the acquisition, and makes CIBC Aventura bank cards that rather more attractive.
Remember to reap the benefits of the promotional charge by July 16, 2023, both by redeeming Aventura factors you have already got or including a CIBC Aventura bank card to your portfolio.
