Advantage Card

A few months ago CIBC introduced a new Visa Debit Card called the Advantage Card. This card unlike many debit cards can work outside of Canada and can work online because the card can use the Visa network to process purchases. There are debit cards that you are available through other banks that you can use online but only at select Canadian merchants but with this card you can make purchases anywhere Visa cards are accepted. The advantage card is different from a traditional Debit card because the transaction is processed using the Visa network when the Debit network is unavailable or you are using the card online. This card also has an added security feature because it is verified by Visa so it is part of Visa's zero liability program .This means that if your card information or your card is stolen and you discover that there are purchases on your bill you didn't make you don't have to pay for them. This card is also great because if you are under 16 but have a joint account with a parent or guardian you can still get the card so you can make purchases online and in other countries. This is a great Debit card for people that want to make purchases online but don't want to get a credit card.