CIBC Driver's Edge® World MasterCard™ Card

CIBC Driverís Edge World MasterCard Card
CIBC Driverís Edge World MasterCard Card

Not accepting applications for the CIBC Driverís Edge World MasterCard Card. Product information is for existing cardholders only.

This credit card is for you if you want:

  • A premium rewards card that offers a 2% rebate towards the purchase or lease of your next vehicle1
  • Additional reward-earning opportunities, including an additional 2% or 3% rebate at participating CIBC Bonus Rewards locations2
  • Premium benefits, including Purchase Security & Extended Warranty Insurance
  • The speed and convenience of using CIBC MasterCard®1 PayPass

Other credit card features:

  • Access to offers, experiences and amenities at
  • Additional purchasing power over your credit limit with no overlimit fee4
  • Chip-enabled for enhanced safety and security Learn more: CIBC Credit Card Chip technology
  • Free personalized CIBC Convenience Cheques6
  • Commission-free regular American Express Travellers Cheques+
  • Car rental discounts of up to 25% at participating Avis®2 and Budget®3 locations with your CIBC credit card7
  • Guaranteed hotel reservations
  • Cash advances of up to $1,000 a day6

CIBC CreditSmart®4

As a CIBC Driverís Edge World MasterCard cardholder, you can manage, track and organize your credit card activity ó and get access to enhanced security features. Learn more: CIBC CreditSmart

Authorized User Spending Limits

Assign specific Spending Limits for Purchases and Cash to your Authorized User(s)9- at no cost! Learn more: Authorized User Spending Limits

CIBC Online Banking

Get instant access to information on your CIBC Driverís Edge World MasterCard Card ó any time, day or night with CIBC Online Banking. Learn more: CIBC Online Banking or register now: CIBC Online Banking.

CIBC MasterCard®1 PayPass

A fast, safe and convenient alternative to paying with cash for small purchases at participating stores. Learn more: CIBC MasterCard PayPass

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 Fee $59
Annual Interest Rate - Purchases %8
Annual Interest Rate - Cash %8
Additional Cards 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 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 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.

7 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 2% rebate
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.



Optional services

CIBC Payment ProtectorTM2 Insurance for Credit Cards

Help protect yourself and your family with CIBC Payment Protector ó coverage for your credit card balance should the unexpected happen. Learn more : CIBC Payment Protector

CIBC Emergency Travel Medical Insurance

CIBC Emergency Travel Medical Insurance helps provide protection from some of the costs due to medical emergencies when travelling out of province. Learn more: CIBC Emergency Travel Medical Insurance