[CIBC] CIBC Aventura Visa Infinite & CIBC Aventura Gold Visa - 45k pts (first purchase) + FYF ($562.5 Value)
This offer is valid for both the CIBC Aventura Visa Infinite & CIBC Aventura Gold Visa so that is 45k points each card
CIBC Aventura Visa Infinite Signup Link
CIBC Aventura Gold Signup Link
You can use the refundable hotel trick and cash in those 45,000 points at 1.25cpp with the current promo for $562.5 value with one purchase!
Some people are saying it shows up at 35k or 40k, try on mobile or incognito to get the 45k bonus
EDIT: For reference, the refundable hotel trick is a common workaround used to redeem travel restricted credit promos. It's used frequently by those with an AMEX Personal Platinum where the member receives $200 in travel credit each year. You should only do this once you have the 45k Aventura points posted to your account.
1. Go to Expedia.ca and find a fully refundable hotel (see screenshot below). Make sure the value of the hotel is over $562.50 so you can cash out the full point value.
2. When you go to check-out on Expedia, it will give you two options, the first being Pay now and the second being Pay at property. Make sure to select Pay now.
3. Once booked, go to your CIBC account, either on Desktop or on the Mobile App (it won't work on a Mobile Web Browser, only the app or Desktop). Find the pending hotel purchase, click redeem with points, and you can apply the full 45k Aventura points for a $562.50 statement credit. It takes 3-5 business days to apply.
4. Once both the statement credit AND the initial hotel booking are authorized (so 3-5 business days for both) you can then go to Expedia and cancel your hotel booking for a full refund. Voila, the hotel fully refunded and the full $562.50 applied as a statement credit.
Credit to u/Stagaz_630 on reddit
EDIT 2: FAQ as per wellystu on reddit
You can hold both Gold and Inifite cards concurrently and DPs of people holding multiple.
Cards seem to take up to 2 weeks to arrive. Pin comes separately, you can activate card and use contactless + online without the Pin.
Activate the card via the CIBC app rather than calling activation number on card sticker to avoid balance protection upsell.
I have an amazing credit score and I was declined, why? Can I call / go into branch to apply? No, offer is exclusively online. No one here knows why you were rejected.
A few DPs currently seem to suggest the points will post on first statement, you will only see base points on your account until statement cuts. I.e spend $5 you will only see 5 point online until then. This does not mean you did not get the promotion, do not call as soon as your first purchase posts - the terms state up to 8 weeks for bonus points.
You can transfer out positive account balance to existing CIBC cheque account if you do refundable hotel trick. If you get charged cash advance fee they should waive if you ask.
Does anyone have screenshots of the terms? There’s multiple screenshots on RFD thread or users here may offer to share them.
You can merge points from Aventura accounts under the same name. If the below online method does not work you will need to call in, see more info on the Aventura website FAQ under “transferring points” Smartphone: Sign in cibc.com online version, not mobile-> go to my rewards from one of the drop down list of your aventura -> choose three lines from top left corner-> drop down list from your name will show transfer points.. credit: u/Mfbty91
EDIT 3 Don't forget to register for your 4 Free Priority Passes! Click here to register when you activate your card