The Savvy Traveller: Safely Carry Money While Abroad


Nowadays, Canadian seniors continue to enjoy active, healthy and interesting lives. Traveling abroad is no doubt a part of this, with seniors flooding the travel and tourism industry like never before.

According to the UK Office for National Statistics, the number of British over-65 seniors travelling overseas leapt by 13.7 per cent from 2014 to 2016. A separate survey from the Association of British Travel Agents suggested that, after a significant increase in the 12 months to August 2017, over-65s are now more likely to take foreign holidays than any other age group.

Stay Safe With A “Cash-Free” Journey

Safety and security remains a top concern for travelers – which includes safeguarding your money while away.

That’s why we’re extra impressed with the CIBC Air Canada® AC conversion™ Visa* Prepaid Card. You no longer need to carry (and conceal) large amounts of cash, or utilize the almost obsolete travelers cheque. Instead, you can safely carry multiple currencies on a single card at once, and use anywhere VISA is accepted and at ATMs worldwide. Your card automatically spends in the correct denomination by location, and you’re fully protected with chip and PIN security, with absolutely no connection to your banking information. Unlike with cash or your debit card, you have global emergency card replacement if lost or stolen, and 24/7 assistance. What’s more, it’s not a credit card. There are no hefty exchange rates on foreign purchases or transaction fees.

Cost Savings and Convenience

Are you waiting to book that flight, those theatre tickets or that tour hoping exchange rates will get better? With the CIBC Air Canada® AC conversion™ Visa* Prepaid Card, you can lock-in favourable exchange rates as they surface, and easily manage and reload your card online as needed from anywhere in the world.

Finally, as one of “Canada’s Big Five” banks and as a leader in foreign exchange services, CIBC provides access to competitive, live market FX rates. Third party providers and currency kiosks simply can’t compete.

We’re thrilled to see seniors get out into the world – whether it’s connecting with family, enjoying some rest and relaxation, volunteering abroad or crossing off that bucket list destination. Now it can be all about the adventure – even as it pertains to your money. Carpe diem.

CARP members who love to travel can now enjoy special rebates up to $125 with CIBC!

Visit our CARP member’s page here to learn more.

Conditions apply.