 Hello everyone, this is financial author Ahmed Dang of Iran Journal. On this channel, you'll find financial travel and more videos just like the one you're watching right now. If you like what you see, please consider subscribing and give it a thumbs up. Today, I'll do an unboxing video and a brief review of the CIBC Air Canada AC Conversion Visa Prepaid Travel Rate Card. Even before I start, I'd like to mention that this is not a sponsored program and I was not paid for by CIBC or Visa or any credit card company or Air Canada. What you see is my honest opinion and all my reviews on this channel or on Iran Journal are unbiased, honest and true opinion. I do not present any affiliated links or do not make money from any credit card companies doing any reviews or videos. So let's go to the video and unboxing and I'll talk about this card briefly. Thank you and have a good day. Hello everyone, this is financial author Ahmed Dang of Iran Journal. On this channel, you'll find financial travel and more videos just like the one you're watching right now. If you like what you see, please consider subscribing and give it a thumbs up. Today, I'll do an unboxing video and a brief review of the CIBC Air Canada AC Conversion Visa Prepaid Prepaid Credit Card. Now don't let the name prepaid chase you away from this credit card. Although this is a prepaid credit card, it's a travel credit card and it comes with various parts and features which I'll talk about shortly. And before I start, I'd like to mention that my credit card reviews and videos are unbiased, honest and my own opinion because they're not paid for by any credit card companies or any companies and I do not provide any affiliated links to make money of my card reviews on my video or on my website. However, if you are reading most of the other videos or other reviews online, they offer affiliated links and they're paid for by credit card companies to promote their credit cards but with my site and my YouTube channel, that's not the case. So it can be rest assured that I'm not making money from anyone and what you're listening, these are my own personal, honest, unbiased opinions. So now let's talk about the credit card first a little bit before I start doing the unboxing video of the credit card. So the CIBC Air Canada AC conversion visa credit card is a travel credit card but it's a prepaid credit card. What it means that you don't have, it's not like a credit card that where you have a credit limit and you have to apply and you have to be approved to get the card. So this is a prepaid credit card and you transfer money from your bank accounts or other credit cards to this credit card and the reason I like you, it gives you the options and choices to make the balance as you like. So the first thing first, there are options to transfer in 10 different currencies including Canadian dollars and so if you like you can put in money in any one of those 10 currencies and then you can do shopping or visit those countries where those currencies are the main currency. Now let's say if you are in one country where the primary currencies or the 10 currencies are not one of the currencies then you can still charge the card but then it's going to be charged back to your Canadian dollar currencies after the conversion and everything and there is going to be a foreign currency conversion fee which is 2.5%. But if you are charging in those 10 currencies in any countries where those are the primary currencies then you can save foreign currency transaction fee on this credit card which is very important because in Canada only 3 great cards excluding this card does not charge you foreign currency transaction fee. I'll not go into details about this, you can go to my site or you can visit my YouTube channel I have talked about which cards do not charge foreign currencies in the past or I'll talk about this in the future more so I'm not going to emphasize on that right now but this card although it's a prepaid great card it does not you can avoid foreign currency transaction fee as long as you're staying within those 10 primary currencies and those 10 currencies are Canadian dollars US dollars Euro Great Britain pound and Mexican peso Hong Kong dollars Australian dollars Japanese even and I believe there are two more which I can't remember right now but it must be in here so I'll you know give you from there and then the other some of the other features which I like is that you can withdraw money from ATM if you do that using any other credit card then you pay ATM transaction fee and if you do that in a foreign country that ATM transaction fee can be a lot higher with this card if you take out money in Canada then there is no ATM transaction fee but it has to be a CIBC ATM and if you're in a foreign country then you can withdraw money and your first withdrawal is free from any ATM so that would save you a lot of money when you're traveling the other thing I like about this card let's say you're in a foreign country and most of my credit cards have very high limits for example they're like 20 30 thousand dollars trade limit and I would be comfortable walking in a foreign country with a parade card in my pocket with so much great limits although I know they have all the security features and everything but with this great card I choose to I choose how much I'm going to transfer or how much I load in the parade card for example the minimum load amount is $100 in that in any currency and then their maximums are set for other currencies which you can find out in the in the websites and it will give you all the details so the benefit comes with the fact that you can load let's say $500 $200 $300 every day when you're traveling based on your needs and then you don't need to worry about you know if your great cards gets get lost or stolen because then you're going to if you lose this card you're going to lose a very small amount so you don't need to go through all the hassle and pain of like in cancelling on the cards and worrying about what happened to your cards and it's in a foreign country if you don't have access to a phone or if you are in a remote place then that can be a really hassle so with this card you're avoiding all this and you're just loading what you need and then you can you know actually do you can look money from your smartphone app or from the website I usually do it from my smartphone and then I just load as I need you know I don't need I don't look too much I would just be loading based on my needs and then that way I'm secured that even if my cards card gets lost or stolen I'm still okay because you know I'm taking chances on a very small amount so now inside there should be a brochure or manual which will give you all the features again and I'll go to over three again so let's start the unboxing okay so here is the envelope so it comes in a plain white envelope and I'll start taking out slowly okay so this is the what it looks like the front side and let's set aside the envelope here and what I'll do looks like the card okay looks like the card is in here so I'll just set this aside for now and I'll go through these brochures so here you have a small one pager giving a quick start guide so it tells you to activate your card just like any regular credit card retrieve and remember your pin because when you need to make purchases online or in stores then or withdraw cash you need a pin download the app and start using your card okay so I'll set this aside here and then we have an information page which is CIBC prepaid card agreement so it tells you about all the things you need to know about this card so let me see if I can find anything I can mention from here your card your balance safeguarding your card review transaction return of course liability foreign currency transaction for other currency so it tells here that will convert transactions or trades for returns in foreign currency to Canadian dollars at the rate of exchange charged to CIBC plus the foreign conversion fees set out in the terms and conditions for foreign currency curves will convert transactions or trades for results in currency other than the currency of the curve to the currency of the curve the exchange rate okay so it's just you know giving you everything cancelling changes termination of the agreement liabilities errors all set this aside for now here okay I think I have found something here let's take a look here okay so here actually you'll find those 10 currencies I just mentioned and these are Canadian okay so these are Canadian US Euro Great Britain pound Mexican peso Hong Kong dollar Australian dollar Japanese even and Turkish lira that's TRY CHF would be Swiss frank which is the currency of Switzerland okay so if you need ATM withdrawal within Canada it's right here it's right here ATM withdrawals within Canada is free and ATM withdrawals outside Canada no fee will be charged for the first ATM withdrawal in each month so every month you get a free ATM withdrawal if you are in one of these currencies or if you are in a country where these are the primary currencies in foreign lands so let's say if you're in the US each month you're able to withdraw one transaction of US dollar without paying any fees which is a very good feature because let's say you're in Mexico or Hong Kong and you're using your regular credit card or bank card then you're gonna have to pay a lot of money to take out the money to do the withdrawal from your card all it's your own account and again here we have the transactions listed which I just mentioned and here it just tells you that how is your balance debited transaction in a supported currency meaning one of those currencies transaction in non-supported currencies meaning one of in any country where these one of these 10 currencies are not the currency and then other fees and foreign exchange rates for transactions and everything else okay so I don't see anything else here there are lots of things but I'll not be able to go through all of them okay so I'll set this aside and I have something else in here okay so this side is blank and this side let's see what we find here now here the funds on your currency do not expire your card expires on the last day of the month which is written on the card so the funds you're loading in or the funds you're keeping with this card it's a good thing to know that they do not expire and if you're if you have a balance and then if you're changing the card the balance will be transferred to the replacement card which is activating your card that's common you activate your card checking your balance and obtaining your pin will be required to set up a username and password that allows you to log in to manage your account at CIBC.com yes that's like you know you have to set up your pin your password and all sort of stuff to start logging into your account and your app this is a very important section right here transaction okay so transaction limits the following transactions so that transaction limits for example minimum load amount per single transaction it has to be 100 Canadian dollars equivalent so what it means that let's say you if you wish you just cannot transfer a low $20 $10 $50 it has to be a minimum of 100 Canadian dollars and maximum load amount per single transaction is 3,000 Canadian dollars equivalent so you cannot load more than $3,000 per transaction and then maximum balance at any point you cannot load more than $20,000 here these are all actually these are all for security reasons which I like and the daily 24-hour maximum point-of-sale purchase limit $3,000 Canadian equivalent so what it means that let's say you have $20 balance and you lose the card someone you know takes the card and tries to charge $5,000 it's gonna decline because in any 24-hour period the maximum can be charged is $3,000 another security feature daily 24-hour maximum ATM withdrawal $2,000 so you cannot withdraw more than $2,000 Canadian equivalent in 24-hour period which is Amdars security feature I like and to prevent fraud we may impose additional transaction limits which are good things and other documents and contact us so these are the minimum and maximum limits you can have here you'll not find everything but if you go to the website then it has more information and then if still if you cannot find any questions you have just call them each time I call them they pick up the phone right away so the customer service is not bad I would say it's good customer service and I cannot complain so they'll be able to you know offer your assistance in case of you have any questions or anything and there's another point worth mentioning which does not they do not you know clarify here is that although it says maximum load amount per single transaction is 3,000 Canadian dollar equivalent it does not mean that you can put in 3,000 Canadian so you can put in 3,000 Canadian equivalent in other currencies for example I was trying to load $800 Canadians and it declined I actually didn't decline it just like you know showed everything was okay then the transaction never happened and I was worried that what happened to my $800 and my the credit card I transfer from even didn't show that the $800 you know was charged then I called them and they mentioned that when you're loading Canadian dollars the maximum is maximum is $500 per transaction so if you try to transfer if you try to load $501 in one transaction in Canadian dollars it will not go through so it's $500 limit if you're just doing Canadian dollars loading however they do not mention that anywhere here so I learned that from my own experience okay so I'll put this aside here and let's go back to the card now so here is the letter you get and here is the card and so this is where what it looks like okay so it says here 10 currencies 45 countries one card simplify your travel with the CIBC or Canada AC conversion visa prepaid card you can now spend in 10 different currencies using only one card with this card you can pay with the local currency at millions of locations worldwide including making purchases online over the phone and so on okay so this is the first page and I'll set the card for now and let's see what's in here okay so they have a frequently asked questions part in here for example how do I activate the card how do I load funds onto the card what currencies can I load what my pin number and can I use this card at restaurants and hotels and water dynamic currency conversion payments all sort of stuff which are very good things to know so if you are getting this card so you should go through all of these so it just tells you lots of the things I just mentioned you here and you can just go through this if you're at the car if you're getting this card and now let's look okay so just give me one second I forgot to hide something here okay hold on okay so this is what it looks like okay so it's a visa platinum card and okay so it's a CIBC beer Canada AC conversion freight card so that's the card actually has a very minimalistic face which I like it's not you know too much they didn't put too much stuff on the cover on the front face of the card it's just very simple design red and white I like it's eye catching it's not a bad-looking card and it's yeah it looks nice and neat and clean clean designing so which is a good thing so here's everything about this card and I'll just complete this video shortly and I have more information or I'll be writing more articles on it on channel and possibly I'll do more videos on travel on this card and also I do have reviews and unboxing of other great cars and have a lot lots of videos on travel great cars and rewards points great cars and everything so you can go through my channel and you will if you like you'll be able to find lots of videos about this type of cars or other cards and rewards and points and programs and all sort of stuff so thank you for watching and if you like or if you find that this was helpful please give it a thumbs up and consider subscribing thank you and have a good day