I redeemed 12,000 points for $100 from the Adventura to the CiBC line of credit. Super easy redeeming via the Cibc on line banking.
They said u needed a negative balance so I paid $100 to the cibc adventura then moments later redeemed the 12,000 points instantly a few minutes later to pay off the $100 line of credit.
StevenW038982 wrote: ↑I redeemed 12,000 points for $100 from the Adventura to the CiBC line of credit. Super easy redeeming via the Cibc on line banking.
They said u needed a negative balance so I paid $100 to the cibc adventura then moments later redeemed the 12,000 points instantly a few minutes later to pay off the $100 line of credit.
StevenW038982 wrote: ↑
I redeemed 12,000 points for $100 from the Adventura to the CiBC line of credit. Super easy redeeming via the Cibc on line banking.
They said u needed a negative balance so I paid $100 to the cibc adventura then moments later redeemed the 12,000 points instantly a few minutes later to pay off the $100 line of credit.
Better deal than the 12,600 for gift cards.
How does this work? Can you please elaborate? Thank you
If your cibc online banking profile has your cibc line of credit and your cibc adventura credit card, there is a link to redeem your points in the cibc online banking profile. You cannot redeem through cibc rewards. The redemption link is on the cibc online banking profile. Super easy and instant.
The gift cards are not really worth it if you are not using for travel so I decided to play this game and redeem 12,000 points for $100. It happens in minutes. No need to wait for gift cards in the mail. And no point using the adventura points to redeem directly to the credit card as the points are with even less. So do the TFSA or pay your line of credit route.
StevenW038982 wrote: ↑
The gift cards are not really worth it if you are not using for travel so I decided to play this game and redeem 12,000 points for $100. It happens in minutes. No need to wait for gift cards in the mail. And no point using the adventura points to redeem directly to the credit card as the points are with even less. So do the TFSA or pay your line of credit route.
Is the 12000 points the normal rate, or is this also a limited time offer?
sckor wrote: ↑
Is the 12000 points the normal rate, or is this also a limited time offer?
It’s always the regular rate. So why go for gift cards and use more points? I’d take cash anytime over a credit voucher to some store. I’d rather collect points on my credit card when I go to Costco or other places
Last edited by StevenW038982 on May 23rd, 2020 6:33 pm, edited 1 time in total.
I’m cancelling my card soon simply not worth to pay annual fee for the rewards, i’d rather keep the cash and use it wherever I want. I’m going to redeem points before renewal but i will wait 10% not w big difference and cibc stingy with promos
Thanks OP
I recommend you guys downgrade to the no-free Aventura instead of cancelling, and reapply at the next promotion. Keep doing this until you have enough points for your destination. Don't waste your points on these crappy rates.
