Credit Cards

CIBC Smart Prepaid Travel Visa Card review

Are you planning a trip abroad but are unsure about which card to take so you can make your purchases safely and without extra costs and fees? Check our CIBC Smart Prepaid Travel Visa Card review!

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by Victória Lourenço

Published on 05/25/2022

CIBC Smart Prepaid Travel Visa Card: a solid choice for travelers seeking peace and stability!

Check out our CIBC Smart Prepaid Travel Visa Card review! Source: The Mister Finance
Check out our CIBC Smart Prepaid Travel Visa Card review! Source: The Mister Finance

Planning a trip overseas and unsure about which card to take with you and which product can make your financial life while abroad easier? We’ve all been there, but the key lies in which information to trust. And the Mister Finance team is always here to help with reliable recommendations! The CIBC Smart Prepaid Travel Visa Card review can maybe offer just what you were looking for.

Visa will make sure no establishment refuses your card as a worldly accepted credit card banner. The CIBC Smart Prepaid Travel card is also very safe to use, as it is a preloaded option. In conclusion, this might be the perfect fit for a worry-free trip and your next vacation! See our full review and learn more about it!

Credit ScoreNot applicable
Bank and ATM FeesNo monthly fees
2.5% foreign conversion fees
Cash Withdrawals Free within Canada – variable fees for international withdrawals
Welcome bonusThis card features no welcome bonus
RewardsThis card features no reward plan
CIBC logo

How to apply for CIBC Smart Prepaid Travel Visa?

Want the versatility of having a prepaid balance in the currency you need? Read our CIBC Smart Prepaid Travel Visa Card application post!

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How does the CIBC Smart Prepaid Travel Visa Card work?

See how this CIBC card works! Source: Unsplash
See how this CIBC card works! Source: Unsplash

As many prepaid cards work, the CIBC Smart Prepaid Card needs a loaded currency to function. You pay the amount of balance you want the card to have and pick the desired currency for your purchases. Then, it’s all smooth-sailing from there. You will get a fixed exchange rate and prevent surprises down the road with other fees. In conclusion, the right card for the peaceful traveler.

CIBC Smart Prepaid Travel Visa Card benefits

The CIBC Smart Prepaid Travel Visa Card is not immune to scrutiny as with all cards. Let’s go over some of its key perks and features, as well as what some could consider downsides. All so you can make the best decision for your trip, with no surprise fees or bills at the end of the month.

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Pros

  • Fixed exchange rate allows for planning and consistent loading of the card.
  • Withdrawals within Canada are free.
  • First international withdrawal each month is free.
  • Secure card with a Zero Liability Policy.
  • Visa brand widely accepted across the globe.

Cons

  • Despite being a simplistic take on the format, the card features no reward plan.
  • The card has a one-time customization fee.

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How good does your credit score need to be?

Being a prepaid card, CIBC won’t take your credit score into consideration when analyzing your application for this card. Also, keep in mind, using the CIBC Smart Prepaid Travel Visa Card won’t impact your credit score, as it is not a credit card, and CIBC doesn’t report your activity to the Credit Authority Bureaus.

How to apply for CIBC Smart Prepaid Travel Visa Card?

Interested in learning more about the CIBC Smart Prepaid Travel Visa Card application process? We cover everything you need to know about it in the following post. Check it out and know all about how you can get your hands on this solid prepaid card!

CIBC Smart Prepaid Travel Visa Card

How to apply for CIBC Smart Prepaid Travel Visa?

Want the versatility of having a prepaid balance in the currency you need? Read our CIBC Smart Prepaid Travel Visa Card application post!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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