 Hello everyone, this is Amit Dhan and on this channel you'll find financial travel and more videos. If you like what you see, please do the thumbs up and consider subscribing. Thank you. Hello everyone, this is Amit Dhan of AmitDhan.com. Today I'll talk about CIBC Aventura Great Cars. CIBC yesterday announced that it will refresh some of its benefits and I'll talk about those. To confirm these enhanced benefits, I called CIBC Customer Service and I'll attach the conversation at the end of this video. So you'll be able to hear the benefits or enhancements CIBC Aventura Great Cars are providing. So that's a very good piece of information because basically the customer service representative, she will confirm everything I am going to tell you. And you can just listen to the conversation just to make sure that we are on the same page. So that conversation is going to be after my video and I'll attach it. Before I do that, I'd like to talk about my channel. If you're watching this first time, congratulations you found me. On this channel I do financial travel and other videos on great and viewer's cars. And most likely this is the only place and on my website AmitDhan.com, you're going to find unbiased, non-affiliated and honest opinions and reviews about great cars and viewer's points. There's so many sites online providing you great car viewers and opinions. However, the problem with those sites that about 99% of them are affiliated. So they're basically working for the great car companies. They're not working for you and they will give you links and tell good things about the great cars because, you know, so we can sign up for these great cars and that's how they make money. On my channel and on my website, there are no affiliated links. So all the opinions you hear and everything you obtain on these channels. They are non-affiliated and biased in opinion because I'm working for you, not for the great car companies. So if you haven't subscribed already, please subscribe now because there will be more videos coming up in the future. And also I document my travel using viewer's points and miles. I travel by globe, mainly on business class and you'll be able to see all those travel day by day on this channel. So subscribe now and I have a big trip coming up in two months, which will be Australia, New Zealand, Singapore and Malaysia. So you'll see all my every detail and all the business class reviews, launch reviews and hotel reviews on this channel. So now let's talk about the CIBC Adventure Great Cars. CIBC Adventure Great Cars are proprietary great cars. What it means that the points you are using these cars, you won't be able to convert them to any airline miles or hotel miles. So you have to just use them using CIBC's real center. So this great cars, CIBC just refreshed some of the benefits and the level of benefits CIBC giving for only $120 annually. We haven't seen this in Canada before. And these benefits actually dwarf other great cars in Canada. For example, for the CIBC Adventure Visible and CIBC Adventure Visible Great Cars, CIBC added a lounge access with the four free passes. And then CIBC added enhanced trip cancellation insurance. There's the mobile device insurance, which is $1,000. If you lose or break or something happens to your mobile device, then you'll get back $1,000. And then also CIBC is throwing in Nexus rebate application fee. So Nexus is the program which allows you to go through the airport faster if it's in Canada or US. And then CIBC will waive the application fee, which is like once in every five years. So that's another benefit to CIBC adding. So these benefits is really a good thing for consumers because other great cars, if you look at them, they'll not give you this kind of benefits only $420 annual fee. The closest great cars I can think of is the BMO World Elite Viewers Mastercard, which gives you four lounge access, but it has $150 annual fee. And it doesn't give you insurance like this or any Nexus rebate. And another good thing about the CIBC Adventure Great Cars is that the insurance provider. So you can get like, you know, lots of great cars with good insurance, but you have to always look at the provider. For example, Scotia Passport Visa Infinite or Scotia Gold American Express has very good insurance. But the provider, if you're looking at it, then this is a small provider from the US. And if you read online, there are lots of, you know, bad ratings and reviews when it comes to actually providing the benefits. But the good thing about CIBC and great cars, eventually great cars is the RSA is the provider. And I like RSA because this is one of the reputable providers and they have very good ratings when it comes to providing the benefits or providing the claims. So that's a very good thing about this car. And then the two weak points of this car, CIBC Adventure Visa Infinite or CIBC Adventure Gold is that the reward structure, it gives you very poor rewards. For example, CIBC Adventure Visa Infinite is $1 per dollar spent and then enhanced 1.5 points on gas, grocery, pharmacy spending. So this is not a good return because you're just getting 1% or 1.5% return. But in terms of receiving the insurance benefits, the launch access and other benefits, definitely this is a good car. And another bad thing or another feature of this car is missing is that the foreign transaction fee. So this car still charges 2.5% foreign currency fee or foreign transaction fee, which the Scotia passport visa fee doesn't. So these two features, this car is lacking, which is the foreign transaction fee and poor reward structure. But except that this car definitely now surpasses in terms of benefits. Other cars such as BMO Worldly viewers car, BMO Worldly with Irma's car, TD Visa & Feed or other TD first class travel break car, and even RBC Visa & Feed avian break car, because these cars are not giving you this type of benefits with a good insurance provider. For example, TD doesn't give you any free lounge access and RBC doesn't give you any free lounge access. The Scotia passport Visa & Feed gives you free six lounge access passes for a $140 end hold fee. But the problem with the Scotia passport Visa & Feed is that you will not be able to use the insurance because of the provider. It's not a reputable provider. So that's where the CBC eventual Visa & Feed break car comes. The provider is very good. The four lounge passes is a very good deal. Given the fact that only $120 end hold fee and then you're getting the Nexus application fee rebate and then you're getting mobile device insurance and then you're getting other travel insurance, assistive cancellation, interruption and travel medical. Not from a small provider who has bad reputation providing you benefit, but this is from a good provider which is RSA. And they have reputable reviews when it comes to actually providing you that claim or fulfilling the claims. So definitely other great cars should take lessons from CBC because there's going to be a more competition. And if they do not provide enhanced benefits like CBC eventual Visa & Feed or CBC eventual goal, then definitely they're going to be losing lots of new clients or even existing clients which makes us to switch over to CBC eventual Visa & Feed card because $120 end hold fee and so many benefits. And again, it doesn't give you the zero foreign transaction fee and the real structure is not that good. So besides this, I do have a Scotia passport Visa & Feed card right now and I'm not going to cancel that card. I'll just keep it for a bit for the zero percent foreign transaction fee or foreign currency fee. But in the future, I may switch to CBC eventual Visa & Feed card if I have and in that case, I'll use another zero foreign currency card just for foreign purchases. If it makes more sense for me, but as of right now, I do not have any eventual credit cards and I do have Scotia passport Visa & Feed. And also, I have be awarded the reverse master card which has $150 end hold fee. So that's all I wanted to talk to you today. If you like what you see, please give it a thumbs up and subscribe. And again, all my reviews and posts on my website, they're non affiliated, unbiased and honest. And also, you'll be able to track all my travel and everything using reverse points and end miles. And you know, I document my travel and I post them on my YouTube channel. So if you haven't subscribed already, subscribe now. And I'll keep you updated with other news or other reviews. So I'll see you shortly. Thank you. Welcome to CIBC. Bienvenue à la banque CIBC pour le service en français appuyé sur YouTube. Welcome to CIBC. You're speaking with Renee from Toronto. How can I help you today? Oh hi, hurry. I'm doing well. Thank you for asking yourself. Good. Thank you. Yes, I'm calling about a news I read in the newspaper today. No, I'm calling about the, you know, the eventual card offering lounge access. Yeah, like, you know, the, the adventure of visa credit card will be offering some new features. So I'd just like to know more about that. Thank you. No problem. So starting October 15th, we'll actually give you a little bit more instruction. So around that time, you can actually go on to the Nexus website and register your information. And also, if you have an adventure card with us, you'd have to put that information in. Okay. But then you would receive the rebate on the Nexus application every four years. So how it works is we would renew it for you by paying for the manual fee for the Nexus application. So how much you're offsetting? How much fees you're... Getting a rebate on a Nexus application fee every four years. So I believe it's for four years that you'd be covered under CIBC. Okay, so there's no specific amount on that rebate. Sorry? There's no specific amount on that rebate. Like how much you're rebating? Okay, no, that's fine. Yeah, so these are like new upcoming changes that we're having at CIBC. Yeah. So as we get closer to the date, we'll probably send you more information. Yeah. But from what I'm aware is around October 15th. Okay. Or after that, you would just have to register. But before registering, give us a call just to make sure that you do the registration process correctly. Okay. And you're giving us a lounge access, right? This is a year. Okay. And a priority pass membership as well. So this is only for yourself. Okay. If you're bringing a person with you, the charge for that would be $27. $27, okay. For them to have the lounge access. Yeah. And also there is enhanced mobile insurance. Okay. So if you are purchasing an iPhone or an Apple Watch. Yeah. In order to have that coverage, it has to be after October 15th. Okay. So you'll have that coverage as well. The lounge access, which cars are having that? Is that eventual Visa Infinite? How about the gold card? No. Okay. And is the annual fee still going to be $120? Okay. So you're not increasing the annual fee. Okay. Just one more thing. Do you have any plan to, you know, waive foreign transaction fee in the future? Pardon me? Foreign transaction fee. Like, you know, for example, it's Koshia passport, Visa and Fiat credit card. It doesn't charge any foreign currency conversion fee. Yeah. So do you have anything on that? 2.5%. 2.5%. Sorry. Okay. Yes. That won't change, unfortunately. Okay. Yeah. That's actually, that's good. That's all I wanted to know. Both the Aventure of Gold and the Infinite. That's what it's showing here on our website. Oh, okay. So it would apply to both Aventure of Gold and Aventure of Infinite. What are the differences other than one is infinite card and another isn't? What are the other differences? So with the Aventure of Gold, it does not have trip cancellation or trip interruption insurance. Oh. If you are applying for a card, I would highly recommend the Aventure of Infinite. Okay. So that way you do get the full benefits because the card, they both have the same manual fees, but it's just that the Infinite carries all of the travel insurance. Okay. I also read there's going to be like, you know, enhancement on the, I believe, trip cancellation or interruption insurance. What is that? Yes. So that, so they're going to increase that. So before it was only at a certain limited amount. Okay. Before trip cancellation, maybe it was a thousand. Okay. So before, as an example, there was probably increase it to 2,000, but that's only with the Infinite, not with the Gold. Infinite. And, oh, okay. And there's no increase on the travel medical, right? We take a look here. Sure. Because with travel medical, it's 50 days, but I think with the increase, it should be more. Okay. Just one moment, please. Okay. Thank you so much for holding here. No problem. I just have to get some information from my manager here. Sure, thank you. So for the Avatar Infinite, the trip cancellation has increased. Okay. From 1,000, and that was increased by $500 per trip. Okay. And let me just take a look. As I mentioned, it's eligible from October. Just take a look. Oh, okay. So, travel medical is not changing. Don't see an extension with that. Okay. And the travel medical, is that 1 million or 2 million? Yeah, Infinite. Yeah, what's your infinite? Yeah. Don't worry. That's fine. That's okay. Just one more thing. What is the real structure for the Infinite? Is it like, you know, one point per dollar spent? Yes. Yeah. So for every dollar you spend, you get one adventurer point. Okay. Okay. That's good to know. Okay. All right. And was there anything else I could help you with today? No, no, you've been very helpful. Thank you very much. All right. Thank you so much for your patience in choosing SCIBC. And I hope you enjoy the rest of your evening. Thanks, E.T. Thank you. Bye. Bye.