Pros & Cons
Pros
- +No annual fee
Cons
- –Foreign Transaction Fee (2.5%)
- –No purchase protection
Our Review
The CIBC bizline Visa Card is a low-rate business credit card with no annual fee, designed for new businesses (minimum individual annual income of $15,000).
The interest rate on purchases starts at CIBC prime rate + 1.5%. It allows up to 9 additional cards at no charge and includes the CIBC CreditSmart budgeting tool, access to Visa SavingsEdge, car rental discounts, and Skip+ membership. The card does not earn rewards.
Fees and interest rates
- Annual Fee$0
- Foreign currency conversion fee2.5%
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