Credit Card Rates and Fees

CIBC Credit Card Summary of Annual Interest Rates and Fees

Collapse annual interest rates table Annual Interest Rates

These annual interest rates are in effect the day your Credit Card Account is opened

Card Product Purchases Cash Advances, Balance Transfers, and Convenience Cheques
CIBC Select® Visa™ 11.99% 11.99%
All other CIBC Personal Credit Cards (except CIBC Select Visa) 19.99% 21.99%

Collapse interest-free grace period table Interest-Free Grace Period

Your payment due date is at least 21 days after the last day of the monthly statement period shown on a monthly statement. No interest is charged on a Purchase appearing on a monthly statement if we receive payment in full of the Balance by the payment due date. There is no interest-free period for Cash Advances, Balance Transfers, or Convenience Cheques. (Please see the Additional Disclosures section under the Terms and Conditions for more information about interest and the grace period.)

Collapse minimum payment table Minimum Payment

The Minimum Payment is the greater of: (i) 2.1% of the new Balance shown on a monthly statement, plus the greater of any amount by which the new Balance exceeds your Credit Limit or any amount past due from the prior month; or (ii) $10. If the new Balance is less than $10, the Minimum Payment is the new Balance.

Collapse foreign currency conversion table Foreign Currency Conversion

Foreign currency MasterCard Transactions (except Convenience Cheques) are converted to Canadian dollars on or after the Transaction date and before the Transaction posting date. Foreign currency Visa Transactions (except Convenience Cheques) are converted to Canadian dollars (or to U.S. dollars, for CIBC U.S. Dollar Visa Card) on or after the Transaction date and no later than the Transaction posting date. You are charged the same conversion rate CIBC must pay, on both debits and credits. You are charged a fee of 2.5% of the converted amount, on both debits and credits; this fee is charged on the posting date (for MasterCard Transactions) or on currency conversion (for Visa Transactions). A foreign currency Convenience Cheque or payment is converted at CIBC's branch selling rate for Canadian dollars (or, for non-U.S. dollar payments on CIBC U.S. Dollar Visa Card, at CIBC's branch selling rate for U.S. dollars) in effect at the time it is processed by CIBC.

Collapse annual fees table Annual Fees

Card Product Primary Cardholder Each Authorized User
CIBC Aventura® Gold Visa/ CIBC Aventura Visa Infinite™ $120 $50
CIBC Aventura Visa $39 Free
CIBC Aerogold® Visa Infinite Privilege* $399 $99
CIBC Aerogold Visa Infinite / CIBC Aerogold Visa $120 $50
CIBC Dividend Unlimited™ World Elite MasterCard™ / CIBC Dividend® Visa Infinite / CIBC Dividend Platinum® $79 $30
CIBC Select Visa $29 Free
CIBC U.S. Dollar Visa $35 (U.S.) Free

CIBC Dividend, Classic, PETRO-POINTS™ and Platinum Credit Cards are not charged a Primary Cardholder or Authorized User fee. Annual fees are posted to your Credit Card Account if/when the application is approved and your Card is issued, whether your Card is activated or not, and annually afterwards.

Collapse other fees table Other Fees

Overlimit fee: $29 is posted to your Credit Card Account on the date your monthly statement is prepared, if on that date the Balance exceeds the Credit Limit. This fee does not apply to Visa Infinite or World Elite MasterCard accounts.

Account maintenance fee: If you have an inactive Credit Card Account with a credit Balance that has not changed for 360 consecutive days, you will be charged a fee of the lesser of $10 or the full credit Balance on that date.

Statement copy fee: $10 is charged for each monthly statement that is requested.

Transaction receipt copy fee: $5 is charged for each that is requested.

Promotional (Low Rate) Convenience Cheque or Balance Transfer fee: 1% (unless reduced or waived by CIBC) of the amount of a promotional (low rate) Convenience Cheque or Balance Transfer is charged to your Credit Card Account when it is posted to your Credit Card Account.

The following fees are posted to your Credit Card Account when, or soon after, the Transaction or other activity occurs:

Cash Advance fee (all Cards except U.S. Dollar Visa Card): within Canada $3.50, outside Canada $5.00 for each Cash Advance

Cash Advance fee (U.S. Dollar Visa Card only): within Canada $3.50, outside Canada $3.50 for each Cash Advance

Dishonoured Convenience Cheque or Balance Transfer fee: $40 each

Dishonoured payment to CIBC fee: $42.50 each.

All fees on the CIBC U.S. Dollar Visa card are charged in U.S. dollars

(Please see the Additional Disclosures section under the Terms and Conditions for more information about fees.)

Collapse additional disclosures details Additional Disclosures

Dishonoured Payment to CIBC Fee: The fee applies if a payment on your Credit Card Account made by cheque or preauthorized debit from any financial institution, including CIBC, is not accepted for any reason.

Dishonoured Convenience Cheque or Balance Transfer Fee: The fee applies if a Convenience Cheque or Balance Transfer is not accepted due to insufficient Available Cash or Available Credit.

Fee for Copy of Statement or Transaction Receipt: There is no charge for a copy of the current monthly statement or a Transaction receipt appearing on it or if the inquiry is due to a CIBC error. Transaction receipts may not be available for all types of Transactions.

More Information about Interest and the Grace Period: When interest is charged on a new Purchase, it is charged from its Transaction date. Interest is charged on Cash Advances from the date they are taken. Interest is charged on Balance Transfers and Convenience Cheques from the date they are posted to your Credit Card Account. If you do not pay your new Balance in full by the payment due date shown on the monthly statement displaying the full Balance, we will extend the payment due date in the following monthly statement period. Interest will continue to accrue for the extended period. When you pay your Balance in full, your payment due date will revert to at least 21 days after the last day of the monthly statement period shown on the next ensuing monthly statements.

Interpretation: Capitalized terms used in this CIBC Credit Card Summary of Annual Interest Rates and Fees have the meaning given to them in the Cardholder Agreement.

For more information about Cards, please call 1 800 465 4653 toll-free. The CIBC Cardholder Agreement and other information may also be obtained from www.cibc.com. The Card interest rates and fees shown are current as of April 1, 2014; they will change from time to time on at least 30 days prior notice to the Primary Cardholders affected by any change.

Visa™ and Visa Infinite™ are registered trademarks of Visa International/CIBC lic. user.

*Visa Infinite Privilege is a registered trademark of Visa International Service Association and used under license

Aerogold® and Aeroplan® are registered trademarks of Aimia Canada Inc.; CIBC is an authorized licensee of the marks.

MasterCard® is a registered trademark and World Elite MasterCard™ is a trademark of MasterCard International Incorporated

Petro-Canada is a Suncor Energy Business
PETRO-POINTS™ is a trademark of Suncor Energy Inc.

All other trademarks are owned by CIBC or related entities.