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Does CIBC have a credit card without forex fees? Here’s a closer look
If you regularly use your credit card outside Canada, you’ll need to look out for your bank’s foreign transaction fees and exchange rate charges.
You can use your CIBC® USD Aventura Gold Visa® card to avoid foreign transaction fees on US dollar purchases. Let’s take a look at everything you need to know about your CIBC USD credit card, including key features, fees and insurance benefits.
We’ll also look at Wise – your international spending alternative. Use your Wise card to spend in over 150 countries and over 40 worldwide currencies. Let’s dive in!
What does CIBC’s USD Aventura Gold Visa card offer to Canadians travelling abroad?
The CIBC USD Aventura Gold Visa is a popular credit card for Canadians who regularly travel to the US. You can avoid foreign transaction fees on US dollar purchases and access beneficial travel rewards.¹
Key features of CIBC’s USD Aventura Gold Visa card:
- Shop at US retailers in-store and online
- Access insurance perks like Purchase Security and Extended Protection Insurance, as well as Common Carrier Accident Insurance
- Pay for everything in US dollars, including bills, purchases and living costs
- Get a free Skip+® membership
- Manage your card online, with digital spending notifications and fraud alerts¹
You can also use your USD Aventura Gold Visa card to access travel benefits like CIBC’s Aventura Points scheme and rewards.
Here are some of the perks of using your CIBC USD Aventura Gold Visa for travel:
- Earn 1 Aventura Point for every 1 USD spent on eligible travel purchases through the CIBC Rewards Center
- Earn 1 Aventura Point for every 2 USD spent on all other purchases
- Transfer your Aventura Points between your card and your other Aventura credit card accounts for maximum rewards
- Use the CIBC by Expedia® travel booking portal to pay for flights, organize hotel stays and redeem your Aventura Points¹
You can use your CIBC USD Aventura Gold Visa card to save on foreign transaction fees and currency conversion charges. You won’t pay a fee for paying in US dollars.
However, there’s a difference between CIBC's no foreign transaction fee credit cards and US dollar credit cards. While you won’t pay a fee for spending in US dollars with your USD Aventura Gold card, CIBC still charges for purchases in other foreign currencies.²
Who can get the CIBC USD Aventura Gold Visa card in Canada?
The CIBC USD Aventura Gold Visa card is best suited to those who visit, live or work in the US. To be eligible for the CIBC USD Aventura Gold Visa card, you’ll need a minimum annual household income of 15,000 USD.¹ Your card will also have a minimum credit limit of 1000 USD.³
You can apply for your card online, at a CIBC Banking Center or over the phone at 1-800-465-4653. You can speak to CIBC customer support for more information about your US dollar credit card options.¹
What are the fees involved with using the CIBC USD Aventura Gold Visa card?
Although CIBC’s USD Aventura Gold Visa card is aimed at frequent travellers, you’ll still face some fees for using your credit card abroad.
For example, you’ll pay foreign transaction fees for using your card outside the US or for purchasing goods in a currency other than US dollars. Let’s take a closer look.
For USD and non-USD transactions outside of Canada
| Service | Fee |
|---|---|
| Spending in US dollars (online and in person) | No foreign transaction or currency exchange fees for US dollar purchases¹ |
| Spending in a currency other than US dollars | 2.5% – foreign currency transactions are converted to US dollars at CIBC’s exchange rate, plus a fee of 2.5%⁴ You may not know the cost of CIBC’s initial exchange rate until you come to make your transaction These fees can significantly increase the cost of your overseas spending |
You’ll also pay a 35 USD annual fee for your credit card, but you can access a rebate for the first year if you meet certain eligibility criteria.¹
For cash advances, you’ll pay 3.50 USD per advance. You’ll pay all your account and transaction fees in US dollars.⁴
Spend in over 40 currencies at the mid-market rate with the Wise card
Wise is your flexible international spending alternative! Hold your money in over 40 currencies at once, with fast and low-cost spending in shops, restaurants, hotels, museums and tourist attractions.
Use your Wise card to:
- spend in over 150 countries at the ‘fair’ mid-market rate
- make 2 free ATM cash withdrawals each month
- order an instant digital Wise card in minutes
- pay abroad using Google Pay® and Apple Pay®
Spend your money in Canada, the US and further afield. All currencies are charged using the same low, transparent fee structure – and you’ll never pay a currency conversion markup for international transfers.
Whether you’re paying for groceries in Japan or working in the US, use your Wise card to move seamlessly between currencies with just the touch of a button.
What are the insurance benefits available with the CIBC USD Aventura Gold Visa card?
CIBC USD Aventura Gold Visa card holders can access a few types of insurance, including:
- 100,000 USD Common Carrier Accident Insurance
- Car Rental Collision and Loss Damage Insurance
- Purchase Security and Extended Protection Insurance
You can also get optional CIBC Travel Medical Insurance alongside your credit card, subject to the provider’s eligibility criteria.
CIBC’s Purchase Security Insurance covers new purchases that are lost, stolen or damaged within the first 90 days of purchasing them.¹
Conclusion
The CIBC US Dollar Aventura Gold Visa credit card is a good choice for spending and saving in US dollars, with a range of rewards and perks for frequent travellers.
CIBC doesn’t charge foreign transaction fees for USD purchases using your credit card, but you’ll need to look out for CIBC’s 2.5% fee for spending in other currencies.
Order a Wise card for flexible spending in over 40 currencies. You can send, spend and receive your money at a fair, transparent price. Simple!
Sources
- CIBC - CIBC US Dollar Aventura Gold Visa Card
- CIBC - US dollar credit cards in Canada
- CIBC - Minimum credit limits for CIBC credit cards
- CIBC - CIBC credit card summary of annual interest rates and fees
Sources verified on 15 June 2026
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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