Premium coverage includes:
- Purchase Security & Extended Warranty Insurance3
- Auto Rental Collision/Loss Damage Insurance3
- $500,000 Common Carrier Accident Insurance3
- Flight Delay and Baggage Insurance3
|Annual Interest Rates and Additional Card Details
|Annual Interest Rate - Purchases
|Annual Interest Rate - Cash
||3 card maximum (annual fee may apply)
Trademarks and disclaimers
1 Driverís Edge rebates are earned on card purchases less returns, and not on cash advances, regular Convenience Cheques or Balance Transfers, fees, interest, and payments. Rebates are awarded only if your credit card account is in good standing on the statement date; otherwise they are cancelled. See Program Terms (90 KB) for full details, including what qualifies as an eligible vehicle.
2 CIBC Bonus Rewards apply only if the card is used for payment at participating establishments. The number of restaurants offering an additional 3% rebate will vary from time to time. Some restrictions may apply. Please visit www.cibcbonusrewards.com for full terms and conditions. CIBC Bonus Rewards cannot be combined with other promotional offers and may not be valid with certain discounts or offers. CIBC Bonus Rewards Terms, Conditions and participating merchants may change without notice. The CIBC Bonus Rewards Program is operated by Advantex®3 Marketing International Inc.
3 Insurance coverage(s) included with CIBC credit cards is underwritten by Royal & Sun Alliance Insurance Company of Canada (RSA). Different cards will have different coverage(s). To learn about included insurances, and important information regarding coverage eligibility requirements, benefits, limitations and exclusions, see www.cibc.com/ca/credit-card/agreements-insurance.html and the insurance certificate(s) in your card package. Some insurance(s) require purchases, auto rentals, common carrier fares and other trip costs to be charged to the card to activate coverage (other conditions may also apply). Auto Rental Collision/Loss Damage Insurance (CLDI) is for rentals up to 48 days; and the rental must be charged to the card and the rental agencyís Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) must be declined. CLDI provides coverage up to the actual cash value (ACV) of the rental vehicle as defined in your insurance certificate. Note that some car rental companies may assess their damages at an amount greater than the ACV of the rental vehicle and you may be liable to the car rental company for the difference. Therefore, before declining the car rental companyís CDW or LDW, you should read carefully and compare the terms of the car rental agreement, the CLDI insurance certificate in your card package and any other insurance you own to decide which coverage best meets your protection needs. Certain RSA coverage(s) are ďexcess insuranceĒ (all other sources of insurance and recovery must be exhausted before benefits are available). For more information, call RSA toll-free at 1-866-363-3338 in Canada, continental U.S. and Hawaii or collect from elsewhere at 905-403-3338.
4 Additional purchasing power over your credit limit does not mean unlimited spending. Each transaction is assessed on various factors including your payment history and spending patterns so as to determine your additional purchasing power over your credit limit, if any. Since you must repay any amount over your credit limit by your payment due date, your borrowing capacity is not increased and remains at your credit limit.
5 You must provide proof of valid Canadian property and liability insurance on the vehicle. See Program Terms for full details.
6 Convenience Cheques and cash advances bear interest from the date they are posted to your CIBC Driverís Edge World MasterCard account or taken, respectively and are subject to your available credit and available cash. Convenience Cheques and cash advances do not earn Driverís Edge rebates.
Savings between 5-25% are available off the lowest normal (non-promotional) rate on qualifying rentals. Must quote AWD #C277500 or BCD #A748703 at time of reservation at participating Avis locations worldwide or Budget locations in Canada and the U.S. and charge the rental to your CIBC credit card. (Quebec residents may obtain the discount without using their card, provided they show the card when paying by an alternative acceptable payment option). The discount received depends on fleet availability, location, type of vehicle rented and seasonality. Discounts apply to time and kilometre/mileage charges only. Standard rental conditions apply.
8 Interest rates will change from time to time on at least 30 days prior notice to primary cardholders. "Cash" means cash advances, balance transfers and Convenience Cheques.
9 The Primary Cardholder may assign and change the Authorized User Spending Limits (or Spending Limits) on the Credit Card Account to any or all Authorized Users by contacting CIBC. The "Card Spending Limits - Cash" is a limit which falls within the "Card Spending Limits - Purchases" and is not additional credit beyond the "Card Spending Limits - Purchases". The Authorized User Spending Limits that the Primary Cardholder may assign to any one Authorized User at any one time cannot exceed the Credit Limit for the Card. CIBC reserves the right to make adjustments to the Authorized User Spending Limits for any and all Authorized Users at any time following a decrease in the Credit Limit and Cash Limit of the Card. "Cash" refers to Cash Advances, Convenience Cheques and Balance Transfers. Capitalized terms used herein have the meaning given to them in the Cardholder Agreement.
®1/TM MasterCard is a registered trademark and World MasterCard and PayPass are trademarks of MasterCard International Incorporated. TM1 Trademark of Citigroup Inc. ® Driverís Edge is a registered trademark of Citigroup Inc. CIBC is a licensed user thereof. ®2 Avis is a registered trademark licensed to Aviscar, Inc. for use in Canada. ®3 Budget is a registered trademark licensed to Budgetcar Inc. for use in Canada. + American Express Travellers Cheques is a registered trademark of American Express Company. All marks used under license. TM2 Trademark of CIBC. ®4 Registered trademarks of CIBC. All information is valid at the time of publication and is subject to change without notice.
Earn a 2% rebate on every dollar you spend towards your next vehicle1
CIBC Driverís Edge rebate earning summary
|Everyday card purchases1
|Bonus Reward locations2
||Additional 2% rebate
|Select high-end restaurants2
||Additional 3% rebate
No cap on the rebate ó no limit to the amount you can redeem
Rebates can be used towards the purchase or lease of any eligible vehicle ó from cars to planes and almost everything in between. Vehicles must be insurable in Canada5 and may be new or used, leased or purchased, foreign or domestic. Cardholders can also redeem for one monthly lease payment a year.
How to redeem Driverís Edge rebates
Once you have selected and paid for your vehicle, redeem your rebate by calling 1-800-465-4653. Complete and mail the Driverís Edge Redemption Form within 60 days of your vehicle purchase or lease payment date.
Once the redemption is approved, you will receive a credit automatically on your next statement. If you choose a cheque, it should arrive within 3 weeks of the redemptionís approval.
Any unused rebates will remain on your account and can be used for up to 5 years from when they were earned.