† This offer applies to the following eligible cards: CIBC Aventura® Visa Infinite* and CIBC Aventura® Gold Visa* Card. You must apply and be approved for a new eligible card between January 15, 2020 and July 5, 2020 to qualify for this offer. In order to be eligible for this offer, a client must abide by the terms and conditions below.
The $800 value is based on the maximum redemption value for 35,000 Aventura Points on a long-haul airfare purchase, based on the Aventura Airline Rewards ChartOpens a new window in your browser., before taxes and other charges.
If you apply and are approved for a new eligible card, you can get:
i. A welcome bonus of 20,000 Aventura Points when you make your first purchase at any time with your card. The 20,000 Aventura Points will appear on your statement as follows:
a. Welcome bonus of 15,000 Aventura Points
b. Additional bonus of 5,000 Aventura Points
ii. An anniversary bonus of 15,000 Aventura Points when you have at least $10,000 in net purchases posted to your account during the first 12 monthly statement periods. The anniversary bonus points are awarded to you within 8 weeks after all qualifying purchase(s) are posted to your account after the 1-year account open date, provided your credit card account is in good standing. Additional cardholders aren’t eligible for this offer.
Priority Pass benefit is for the primary cardholder only and requires enrolment. For instructions, visit CIBC RewardsOpens a new window in your browser..
Collinson is the administrator of the Priority Pass program. Four lounge visits are complimentary per membership year for you to use for yourself or your accompanying guests. Each person entering the lounge will qualify as 1 visit. Member and any accompanying guest(s) apply against the complimentary visit allowance. Membership includes access to any airport lounge participating in the Priority Pass lounge program. To access a lounge, you must show a valid Priority Pass membership card. All additional visits beyond the complimentary visit allowance are subject to a fee of $32 US per person per visit, and all card rates and fees, including foreign exchange rates and fees, apply to this purchase. This price is subject to change. The most recent price, participating airport lounges, facilities, open times, and restrictions can be found at Priority PassOpens a new window in your browser.. Applicable lounge visit fees will be billed to your related CIBC Aventura card. Unless cancelled, Priority Pass membership automatically renews on its anniversary date. Priority Pass membership will be cancelled if your CIBC Aventura card is cancelled, no longer in good standing or is no longer linked to your Priority Pass membership. All Priority Pass members must abide by the Priority Pass Conditions of UseOpens a new window in your browser.. The Airport Lounge Access services are provided by Priority Pass, and neither CIBC nor Visa are responsible for any losses, claims or damages arising from use of the services.
A Priority Pass membership is valued at $99 US each year; 4 visits with your priority pass membership are valued at $27 US per person per visit.
Receive 1 statement credit up to a maximum value of $100 CAD when the NEXUS application fee is charged to an eligible card, regardless of the NEXUS application approval.
Limit 1 statement credit every 4 years. You must use your eligible card to pay the NEXUS application fee. In order to be eligible for the statement credit, cardholders must be in good standing at the time the application fee is charged. CIBC has no control over the NEXUS program including, but not limited to, application approval process, enrolment or fees charged. NEXUS eligibility requirements are determined by the Canada Border Service Agency (CBSA) and the U.S. Customs and Border Protection (US CBP), and can be found in the NEXUS terms and conditionsOpens a new window in your browser..
A NEXUS◊ application fee is valued at $50 CAD or $50 US.
Offer applies to newly approved card accounts only; transfers from an existing CIBC credit card to a CIBC Aventura® Visa Infinite* Card or CIBC Aventura® Gold Visa* Card are excluded. Card account must be open and in good standing at the time the bonus Aventura Points are awarded. Aventura Points are awarded to you within 8 weeks after all qualifying purchase(s) are posted to your account. The following don’t qualify as purchases:
- Cash advances
- Balance transfers
- CIBC Convenience Cheques
- Fees
- Interest
- Aventura Points redemptions and payments
It may take up to several business days for purchases to be posted to your account. This offer isn’t transferable. This offer may be withdrawn or changed without prior notice at any time. This offer may be revoked if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion.
‡ Cash back amounts of up to 5% are available on the 5-year (or greater) fixed-rate closed mortgage loans. Other cash back offers are also available on 3- and 4-year fixed-rate closed mortgage loans and the CIBC Variable Flex Mortgage® loan. Maximum cash back amount is $50,000. Cash back is deposited the business day after closing and is repayable if the mortgage loan is discharged, transferred or renewed before the maturity date. Subject to credit approval. Other conditions and restrictions apply. Ask us for details. Offer may be changed or withdrawn at any time.
†† The interest rate on the line of credit component of your CIBC Home Power Plan will change whenever CIBC Prime varies. For the current CIBC Prime rate, visit Rates for Loans and Lines of Credit.
◇◇ Access up to 80% of the appraised value of your home or of your rental properties of up to 4 units that aren’t occupied by the owner.
1 CIBC Prime means the variable interest rate determined by CIBC from time to time to be the CIBC Prime rate for Canadian dollar lending products. CIBC Prime rate may change without notice. Your interest rate will vary whenever CIBC Prime rate varies and/or whenever we change your variable interest rate in our sole discretion. For the current CIBC Prime rate, visit Rates for Loans and Lines of Credit. This rate is eligible for loans up to $1,000,000.
Approval subject to applicants meeting CIBC’s normal lending criteria as well as eligibility criteria associated with the CIBC Banking for Professionals Bundle. Credit limit is determined by CIBC, in its sole discretion.
2 A transaction includes:
- Cheques
- Withdrawals
- Transfers
- Pre-authorized payments
- Bill payments including CIBC credit cards and CIBC personal lines of credit
- Debit purchases
For CIBC eAdvantage Savings Accounts, a transaction doesn’t include transfers to your other CIBC bank account(s) using the transfer function on CIBC Online Banking®, the CIBC Mobile Banking® App, CIBC Telephone Banking and at CIBC ATMs. For all accounts, transfers to CIBC-branded loans (excluding CIBC personal lines of credit), mortgages and investments (both registered and non-registered) are free. “CIBC-branded” means any brand that has CIBC in its name and is offered by CIBC or its Canadian affiliates (and doesn’t include CIBC Bank USA). Other fees (in addition to any transaction fee) include:
- Withdrawals from non-CIBC bank machines. This is rebated for CIBC Smart Plus Accounts, except for the 2.5% administration fee on the converted amount of foreign currency ATM withdrawals.
- Wire payments
- Interac e-Transfer transactions. The Interac e-Transfer fee is waived for:
- CIBC Smart accounts, including CIBC Smart for Students and CIBC Smart for Seniors
- CIBC Advantage for Youth
- CIBC Advantage for Students
- Transactions in foreign currency including cheques written in currencies other than the account currency
3 Fees charged by other financial institutions or third parties for using their ATMs and the 2.5% administration fee on the converted amount for foreign currency ATM withdrawals aren’t included in this feature and will be charged to your account. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
4 Doesn’t include stop payments on pre-authorized debits and recurring payments set up using CIBC Advantage Card details. To stop payment on these, you need to contact the merchant, biller or payee directly to instruct them to discontinue applying charges to your account(s) through your CIBC Advantage Card. If you’re unsuccessful in resolving the issue, CIBC may be able to work with Visa to request a refund for you.
5 Get a flat monthly fee for unlimited everyday banking transactions, unlimited Interac e-Transfer transactions and ATM withdrawals. The entire monthly fee is rebated if you maintain a minimum balance at the end of each day of the month of $6,000 in your account or at least $100,000 in eligible savings and investments. This includes assets from CIBC Personal Portfolio Services, CIBC Smart Investment Solutions and CIBC Premium Edge. Terms and conditions apply. For more details, review the CIBC Smart Plus Account Fee Rebate terms and conditions (PDF, 90 KB) Opens in a new window.
6 Interest rates will change from time to time. When interest rates chant, at least 30 days prior notice will be given to the primary cardholder. “Purchase” means card purchases less returns and doesn’t include:
- Cash advances
- Interest
- Fees
- Balance transfers
- Payments
- CIBC Convenience Cheques.
“Cash” means:
- Cash advances
- Balance transfers
- CIBC Convenience Cheques
7 In Canada, the annual fee may be a tax deductible business expense. For more information, consult a tax professional.
8 The rebate is also available for cardholders with the following CIBC credit cards (these credit cards aren’t available for new clients):
- CIBC Aventura® World Mastercard®
- CIBC Aventura® World Elite® Mastercard®
- CIBC Aerogold® Visa*
- CIBC Gold Visa* Card
The rebate is up to $139 on the annual fee for primary cardholder and up to $50 on the annual fee for up to 3 additional cards. Existing eligible CIBC credit cardholders who have already paid the annual fee at the time the CIBC Smart Plus Account is opened will be provided a pro-rated rebate credit.
9 The monthly fee applies even if there is no account activity. Other fees may apply to the operation of your account. To learn more, refer to pages 6 to 12 in Business account service fees (PDF, 295 KB) Opens in a new window.
10 Transactions include any debits and credits to your account (not including CIBC interest credits and fee debits). Debits include, without limitation:
- Withdrawals
- Cheques
- Pre-authorized payments
- Bill payments
- Interac Direct Payments
- Interac e-Transfer payments
- Direct deposits
- Transfers to other accounts
Credits include, without limitation:
- Deposits
- Pre-authorized payments
- Bill payments
- Interac Direct Payments
- Interac e-Transfer payments
- Direct deposits
- Transfers from other accounts except transfers from CIBC business accounts
Additional charges may apply including, without limitation, Interac e-Transfer, “Items Deposited” and “Currency Supplied” fees where applicable.
If you perform fewer than the allowed number of transactions in a month, the unused transactions can’t be carried forward to future months.
11 CIBC Personal Portfolio Services is a discretionary investment management service provided by CIBC Trust Corporation and distributed by CIBC Investor Services Inc., a subsidiary of CIBC, to individuals with household investable assets greater than $100,000.
12 CIBC Smart Investment Solutions is distributed by CIBC Securities Inc. and CIBC Investor Services Inc., each wholly-owned subsidiaries of Canadian Imperial Bank of Commerce (CIBC). CIBC Smart Investment Solutions is offered by CIBC Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds aren’t guaranteed, their values change frequently and past performance may not be repeated. Read the prospectus before investing. To get a copy, call CIBC Securities Inc. at 1-800-465-3863Opens your phone app.. Alternatively, you may get a copy from your advisor.
13 The above is intended to be only a general description of this product and its features. Some conditions may apply. CIBC reserves the right to change or discontinue this product or any of its features at any time. This product and its features will be subject to the terms and conditions of the applicable agreement governing its use.
