One option to redeem CIBC Aventura factors is by making use of them to purchases made immediately with journey distributors. This turns out to be useful for reserving unbiased inns, cruises, or anything which you could’t e-book with different factors currencies, similar to Aeroplan factors or British Airways Avios.

Usually, cardholders can redeem Aventura factors for 0.625 cents per level (cpp) in opposition to any journey buy, or 8,000 factors for each $50 of credit score.

In 2022, CIBC doubled that price to 1.25cpp or 8,000 factors for each $100 (CAD) of credit score, and the financial institution has introduced that this promotional redemption price has as soon as once more been prolonged, this time to July 16, 2023.

Redeem CIBC Aventura Factors for 1.25 Cents Per Level

Till July 16, 2023, all CIBC Aventura cardholders can redeem their factors for 1.25cpp in the direction of any and all journey purchases. The factors are transformed into a press release credit score, which offsets the price of your buy.

This promotion is actually a 100% bonus from the usual price when redeeming Aventura factors for a press release credit score in the direction of journey purchases. In different phrases, the worth of every Aventura level is doubled, which works out to 1.25 cents per Aventura level redeemed, or a ratio of 8,000 Aventura factors for each $100 (CAD) of assertion credit score.

Your buy should code as journey in an effort to redeem Aventura factors at this improved ratio, and the acquisition should even be made in Canadian {dollars} in an effort to qualify.

When it comes time to redeem factors at their most worth, CIBC requires you to finish a three-step course of:

• Buy journey along with your CIBC Aventura bank card
• Discover the pending transaction
• Redeem your factors for the pending transaction

Step one is the simplest of the three. You possibly can e-book flights, trip packages, cruises, inns, automotive leases, excursions, trains, limousines, and every other journey.

You aren’t required to e-book via a selected channel, similar to any explicit on-line journey company or the financial institution’s in-house CIBC Journey Rewards Centre. Fairly, you need to use any technique that you simply’d like; simply make sure you use your CIBC Aventura bank card for the acquisition.

The second step is an important of the three: you’ll be able to solely redeem Aventura factors for 1.25cpp whereas the transaction remains to be pending.

Which means if the transaction has already posted to your account, you’re too late. Nevertheless, so long as you discover the pending transaction and apply factors to it earlier than it posts, you’re in luck.

To seek out your pending transactions, merely head to CIBC Cellular Banking or CIBC On-line Banking. Your pending journey transactions ought to seem inside your transaction historical past shortly after making the acquisition.

For those who can’t discover a pending transaction, it’s possible you’ll have to examine again sometimes, as it could take a day or two earlier than it seems.

When you’ve situated the pending transaction, the ultimate step is to use your Aventura factors in the direction of the journey buy to learn from the elevated 1.25cpp worth.

Choose the journey buy from inside your pending transactions, after which click on “Redeem with Factors”.

In case your buy is an eligible journey transaction, the 1.25cpp worth will likely be routinely calculated.

Try to be redeeming 8,000 Aventura factors for each $100 (CAD) you’re paying off. For those who discover that one thing’s incorrect with the redemption worth, the acquisition possible doesn’t qualify as journey, or it wasn’t made in Canadian {dollars}.

Notice that the requested quantity have to be equal to or lesser than your Aventura factors steadiness. If the whole lot works out effectively, you’ll see a credit score posted in your account below “Buying with Factors”.

Ought to You Redeem Aventura For 1.25 Cents Every?

The continuing potential to redeem CIBC Aventura factors in opposition to any journey buy for 1.25cpp is excellent, and places CIBC a step above all different fixed-value factors packages with different Canadian banks, similar to TD Rewards, BMO Rewards, and HSBC Rewards.

Previous to this promotion, redeeming CIBC Aventura factors immediately for a press release credit score yielded a ratio of 8,000 Aventura factors for a $50 (CAD) assertion credit score, or a price of 0.625cpp. Beforehand, the most effective methods to redeem Aventura factors for optimum worth was through the CIBC Rewards Journey Centre, which is CIBC’s personal in-house journey portal, which resulted in a price of 1cpp. 

For essentially the most half, 1cpp is the going price for redeeming fixed-value factors, and CIBC’s promotional price of 1.25cpp outperforms that by a full 25%. 

Earlier than CIBC Aventura’s present promotion, Scene+ was the fixed-value factors program of alternative for many Canadians, since you’ll be able to redeem factors for a press release credit score at a price of 1cpp in opposition to any journey buy.

With the extension of the elevated redemption price for journey booked any approach, CIBC Aventura stays as essentially the most invaluable option to offset your journey bills with fixed-value factors.

Remember that this isn’t the one, or probably essentially the most invaluable, option to redeem Aventura factors.

Utilizing the Aventura Airline Rewards Chart, you’ll be able to stand up to 2.29 cents per Aventura level if you happen to max out the redemption worth by discovering a base fare on the most worth listed for every vacation spot. Squeezing this additional worth out of your factors could be cumbersome, as it’s a must to store round for fares that don’t exceed the utmost permitted worth.

It’s additionally potential to redeem Aventura factors for present playing cards, merchandise, monetary merchandise, assertion credit, and even experiences, however you’ll be getting inferior worth out of your factors if you happen to select to take action.

Conclusion

Till July 16, 2023, CIBC Aventura cardholders can redeem Aventura factors in the direction of a press release credit score immediately in opposition to any journey purchases at a price of 1.25 cents per level.

Certainly, the flexibility to e-book any journey and redeem Aventura factors at 1.25cpp is essentially the most versatile option to get the journey you need and redeem factors in opposition to the acquisition, and makes CIBC Aventura bank cards that rather more attractive.

You should definitely benefit from the promotional price by July 16, 2023, both by redeeming Aventura factors you have already got or including a CIBC Aventura bank card to your portfolio.