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Flights will have a required point amount and then additional taxes that have to be paid on top of the required points. CIBC Aventura uses five flight zones that have fixed points requirements. But CIBC also institutes a maximum ticket price for each fixed point level. Unlike many other travel rewards programs, you can use your Aventura points to pay for your flight taxes and fuel surcharges.
Aside from travel rewards, you can cash in your points to reduce the balance on your Aventura credit card by simply logging into your CIBC Online Banking account and selecting Payment with Points. However, there is a large discrepancy in the value of your points when redeeming for flights in different regions. So the value you receive will truly depend on what you redeem your points for.
Here is an Aventura rewards chart outlining what we found:. However, there is a large discrepancy in the value of your points when redeeming for flights in different regions. The examples below will demonstrate how to value your points.
Find the price of a comparable flight on Kayak we use this flight price because if you did not book through CIBC Aventura you would have your choice of booking through any provider. Divide the price of a flight found on kayak by the total points required for a comparable flight to find the value of one Aventura rewards point.
With the CIBC Aventura program, you are able to redeem for flights on hundreds of airlines, without blackout dates or seasonal restrictions.
Moreover, the 'Aventura Flexible Travel' option gives you the option to pay for flights, vacation packages, cruises, hotels and car rentals with any combination of Aventura points and credit using your CIBC credit card. While the CIBC booking portal is quite efficient for flights, searching for hotels and car rentals can be challenging. A better solution would be to search for your hotel or car rental on Expedia.
The Aventura Travel Assistant can book anything you find on Expedia. The Aventura Airline Reward is a fixed point flight booking option that gives you the most bang for your buck, er, point.
This feature allows you to book any seat on any flight and you can redeem points to pay for the base fare up to a certain value. This applies to round-trip flights and points cover the base fare only, which means you will need to pay the fees and taxes.
If the fare exceeds the maximum value, you can pay the remaining with points or cash. Like any fixed travel rewards chart, the Aventura Airline Reward Chart has a few sweet spots. That means you would get a value of 2. Conveniently, a few of the CIBC credit cards give you a welcome bonus of 35, points, so you could use them to your advantage. If you have a mortgage or investments with CIBC, redeeming points for financial products can be worth you while. When going this route, your points are only worth.
You can redeem fewer points for a smaller gift card, but the ratio remains the same. That works out to a value of.
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