CIBC Platinum MasterCard® Card

CIBC Platinum MasterCard
CIBC Platinum MasterCard

Not accepting applications for the CIBC Platinum MasterCard. Product information is for existing cardholders only.

This credit card is for you if you want:

  • A premium, everyday credit card with no annual fee (Interest rate %1 for purchases; % for cash1)
  • Extended benefits, including Auto Rental Collision/Loss Damage Insurance2
  • Additional cardholder benefits, including car rental discounts of up to 25% at participating Avis®2 and Budget®3 locations with your CIBC credit card3
  • The speed and convenience of using CIBC MasterCard® PayPass for small purchases

Other credit card features:

  • Chip-enabled for enhanced safety and security Learn more: CIBC Credit Card Chip technology
  • Free personalized CIBC Convenience Cheques4
  • Guaranteed hotel reservations
  • Cash advances of up to $1,000 a day4
  • Emergency card replacement
  • Worldwide MasterCard acceptance

CIBC CreditSmart®1

As an CIBC Platinum MasterCard cardholder, you can manage, track and organize your credit card activity — 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)5- at no cost! Learn more: Authorized User Spending Limits

CIBC Online Banking

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

CIBC MasterCard 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 Insurance2
  • $500,000 Common Carrier Accident Insurance2
  • Auto Rental Collision/Loss Damage Insurance2

Rates and annual fee
Annual fee No annual fee
Purchase interest rate %1
Cash interest rate %1
Additional cards Free (3 card maximum)

Trademarks and disclaimers

1 Interest rates will change from time to time on at least 30 days prior notice to cardholders. "Cash" means cash advances, balance transfers and Convenience Cheques. Your account's interest rates may be different than this. See the letter CIBC sent you in June, 2011; your account's rates are also shown on your CIBC credit card statements.

2 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 agency's 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 company's 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 "excess insurance" (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.

3 Savings between 5-25% are available off lowest normal (non-promotional) rate on qualifying rentals. Must quote AWD #C277500 or BCD #A748700 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.

4 Convenience Cheques and cash advances bear interest from the date they are posted to your credit card account or taken, respectively, and are subject to available credit and available cash.

5 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.

®/TM MasterCard is a registered trademark and PayPass is a trademark of MasterCard International Incorporated. TM2 Trademark of CIBC ®1 Registered trademark of CIBC. ®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.



Optional services

CIBC Payment ProtectorTM2 Insurance for Credit Cards

Help protect yourself and your family with CIBC Payment Protector — 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