† This offer is only available to clients opening their first CIBC eAdvantage® Savings Account (“eSA”). Eligible eSAs will earn a special annual interest rate (the “Special Interest Rate”) on balances up to $1,000,000 for 120 days from the date the eSA is opened (“Special Rate Period”). The Special Interest Rate is a combination of the regular interest rate that applies to your eSA balance tier plus an additional bonus interest rate. Any change to the regular interest rate will result in a corresponding change to the bonus interest rate so that the overall Special Interest Rate will remain the same during the Special Rate Period. Regular interest is calculated daily on each day’s full closing balance and paid monthly to your eSA. Bonus interest is calculated daily on each day’s full closing balance up to a balance limit of $1,000,000 during the Special Rate Period and is paid monthly to your eSA. Both the regular and bonus interest rates are based on the tier your daily closing balance falls within. For current interest rates, visit cibc.com/savingsinterest. Interest rates quoted are annual; regular and bonus rates may change at any time without prior notice. Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 140 KB) Opens in a new window. or visit a CIBC Banking Centre Opens in a new window..
†† This offer applies to the following eligible cards: CIBC Aventura® Visa Infinite* and CIBC Aventura® Gold Visa* Card. You can qualify for this offer if you apply and are approved for a new eligible card beginning April 2, 2024.
A one-time annual fee rebate for you (the primary cardholder) and up to 3 authorized users added at the time of the application. This offer does not apply to annual fees for authorized users that are added after you submit your application. This offer applies for the first year only. If your application for an eligible card is not approved, you may be considered for another card (as disclosed in your credit card application). If you are approved for that card, this annual fee rebate offer will apply in the amount of the annual fee, if any, of the alternate card. If you qualify, the rebate will be awarded to you and will appear as a credit against the applicable annual fee(s) within two statements. Your new credit card account must be open and in good standing at time the rebate is awarded.
If you apply and are approved for a new eligible card, when you make your first purchase you can receive:
i. A welcome bonus of 15,000 Aventura Points.
ii. An additional bonus of 20,000 Aventura Points if you have at least $3,000 in net purchases posted to your account during the first 4 monthly statement periods.
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. For this offer, the following do not qualify as purchases: cash advances, CIBC Global Money Transfers™, 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 is not 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.
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 Chart at CIBC Rewards Opens in a new window., before taxes and other charges.
To obtain an Airline Travel Reward, you must redeem at least 80% of the total number of Aventura Points required to purchase it. If you don’t have enough Aventura Points to purchase an Airline Travel Reward in full, you may make a Top Up Purchase of Aventura Points for up to 20% of the total Aventura Points required for the flight excluding Taxes and Other Charges. For Top Up Purchases, Aventura Points may be purchased at a rate of 3 cents per Aventura Point plus applicable taxes. The Top Up Purchase will be charged to your Card and does not earn Aventura Points. Top Up Purchases cannot be refunded or reversed.
◊◊ Offer available for mortgage loans for first-time home buyers, mortgage loans for new purchase, or mortgage loans that are transferred to CIBC from another financial institution. Mortgage loans must be funded within 120 days of application date.
Mortgage loan must have a principal amount of $100,000 or more, and be either a CIBC Fixed-Rate Closed Mortgage loan with a term of 3 years or more, or a 5-year CIBC Variable Flex Mortgage loan. A personal CIBC chequing account is required to make pre-authorized mortgage payments.
For mortgage loans for first-time home buyers or mortgage loans for new purchase, qualifying clients will receive:
- $3,500 on a mortgage loan amount of $1,000,000 or more;
- $2,500 on a mortgage loan of $750,000 to $999,999;
- $2,000 on a mortgage loan of $500,000 to $749,999;
- $1,000 on a mortgage loan of $300,000 to $499,999;
- $500 on a mortgage loan of $100,000 to $299,999.
For mortgage loans that are transferred to CIBC from another financial institution, qualifying clients will receive the below cash back, which includes an extra $1,000:
- $4,500 on a mortgage loan amount of $1,000,000 or more;
- $3,500 on a mortgage loan of $750,000 to $999,999;
- $3,000 on a mortgage loan of $500,000 to $749,999;
- $2,000 on a mortgage loan of $300,000 to $499,999;
- $1,500 on a mortgage loan of $100,000 to $299,999.
Cash back will be deposited in the personal CIBC chequing account 6 to 8 weeks after funding.
Cash back offer not available in combination with other mortgage offers. Other conditions and restrictions apply. Ask us for details. Offer ends May 29, 2024. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.
If you have an eligible high ratio mortgage, you may also qualify for a special low rate. Talk to us to find out how.
If your down payment is less than 20% of the property value, your mortgage is high-ratio.
‡ The annual fee on your CIBC U.S. Dollar Aventura® Gold Visa* Card will be rebated if, at the time your annual fee is charged, your CIBC U.S. Dollar Aventura Gold Visa account is in good standing, and you hold an eligible CIBC premium personal credit card and either the CIBC US$ Personal Account or the CIBC Bank USA Smart Account (offered by CIBC Bank USA), in good standing. Eligible CIBC premium personal credit cards include any CIBC credit card with an annual fee for the primary cardholder of $99 or more.
✦ To qualify for this offer, applications for a new CIBC Aeroplan® Visa* Business Plus Card must be submitted and approved beginning March 5, 2024.
In order to be eligible for this offer, clients must abide by the terms and conditions set out in this footnote and the Business must be classified under the Standard Industrial Classification (SIC) as an office of physicians, general practice (8651), an office of physicians and surgeons, specialties (8652), offices of optometrists (8666), office of dentists general practice (8653) or office of dentists and specialties (8654) and the Business must be registered and located in Canada.
If an application for a CIBC Aeroplan® Visa* Business Plus Card is submitted and approved, the Rewards Officer can receive:
a) A welcome bonus of 10,000 Aeroplan points after the first purchase is made at any time on the Credit Card Account.
b) An additional bonus of 15,000 Aeroplan points if at least $3,000 in net purchases are posted to the Credit Card Account during the first 4 monthly statement periods.
c) An ongoing annual fee rebate for the Credit Card Account, including an annual fee rebate for up to 15 Cardholders.
If the Credit Card Account qualifies for the annual fee rebate, CIBC will provide a rebate in the amount of the annual fee every year on all Cardholders that are on the Account at the time the annual fee is charged and will appear as a credit against the applicable annual fee(s).
Any additional Cardholders that are added in between the annual fee statements will be charged a pro-rated annual fee. The new Credit Card Account must be open and in Good Standing at the time the rebate is awarded.
For more details on the annual fee rebate, refer to the Business Plus professional offer terms and conditions (PDF, 155 KB) Opens in a new window.. Capitalized terms not defined herein have the meanings given to them in the CIBC Business Credit Card Agreement (Business Liability).
Offer applies to newly approved credit card accounts or for transfers from a CIBC Corporate Classic Plus Visa* Card only; transfers from an existing CIBC credit card to a CIBC Aeroplan® Visa Business Plus Card are excluded.
Credit Card Account must be open and in Good Standing at the time the Aeroplan points are awarded. Aeroplan points are awarded to the Rewards Officer within 8 weeks after all qualifying net Purchase(s) are posted to the Credit Card Account. The following do not qualify as Purchases: Cash Advances, Balance Transfers, CIBC Convenience Cheques, interest, fees, payments and Aeroplan points redemptions. It may take up to several business days for purchases to be posted to the Credit Card Account. This offer is non-transferable. This offer may be withdrawn or changed without prior notice at any time. This offer may be revoked if the Business or any Cardholder appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion.
Please ensure that the Rewards Officer provides their personal Aeroplan number to be linked to the credit card account as linking a different loyalty number may impact the airline benefit fulfillment.
The over $2,000 value is based on the combined total value of: Free first checked bags for two people, on a round-trip in the first year ($120); Maple Leaf Lounge access in North America ($100 based on up to 4 passes at $25 each for each $10,000 in eligible spend); the ongoing annual fee rebate (over $600 value) for the first cardholder and up to 3 additional Cardholders (over $750 value) (calculations based on an estimate of five years), and that the up to 25,000 Aeroplan points upon approval of the CIBC Aeroplan Visa Business Plus Card are redeemed for a flight reward ($500 value), based on the majority of current Aeroplan cardholders who receive a value of $0.02/point or more when redeeming for a flight reward as of November 1, 2023. Redemption calculation is based on actual redemptions made by cardholders between the period of November 8, 2020 to November 1, 2023. Aeroplan points have no cash value but are redeemable under the Aeroplan program for flights and other rewards. The retail value of rewards obtained using Aeroplan points will vary depending on a range of factors including the type of reward issued, details of which may be found at Aeroplan Opens in a new window.. Aeroplan points may be redeemed only in accordance with the General Terms & Conditions of the Aeroplan program. Full terms and conditions of the Aeroplan Program are available online on the Air Canada website Opens in a new window..
All offers are contingent on satisfying the criteria outlined in the offer terms and conditions.
To qualify for this offer, applications for a new CIBC Aventura® Visa* Card for Business Plus must be submitted and approved beginning March 5, 2024.
In order to be eligible for this offer, client must abide by the terms and conditions set out in this footnote and the business must be classified under the Standard Industrial Classification (SIC) as an office of physicians, general practice (8651), an office of physicians and surgeons, specialties (8652), offices of optometrists (8666), office of dentists general practice (8653) or office of dentists and specialties (8654) and the business must be registered and located in Canada.
If an application for a CIBC Aventura® Visa* Card for Business Plus is submitted and approved, the Rewards Officer can receive:
a) A welcome bonus of 20,000 Aventura Points after the first purchase is made at any time on the Credit Card Account.
b) An additional bonus of 15,000 Aventura Points if at least $3,000 in net purchases are posted to the Credit Card Account during the first 4 monthly statement.
c) An ongoing annual fee rebate for the Credit Card Account, including an annual fee rebate up to 15 Cardholders.
If the Credit Card Account qualifies for the annual fee rebate, CIBC will provide a rebate in the amount of the annual fee every year on all Cardholders that are on the Account at the time the annual fee is charged and will appear as a credit against the applicable annual fee(s).
Any additional Cardholders that are added in between the annual fee statements will be charged a pro-rated annual fee. The new Credit Card Account must be open and in Good Standing at the time the rebate is awarded.
For more details on the annual fee rebate, refer to the Business Plus professional offer terms and conditions (PDF, 155 KB) Opens in a new window.. Capitalized terms not defined herein have the meanings given to them in the CIBC Business Credit Card Agreement (Business Liability).
Offer applies to newly approved Credit Card Accounts or for transfers from CIBC Corporate Classic Plus Visa* Card only; transfers from other existing CIBC credit card to CIBC Aventura® Visa* Card for Business Plus are excluded.
Credit Card Account must be open and in Good Standing at the time the Aventura Points are awarded. Aventura Points are awarded to the Rewards Officer within 8 weeks after all qualifying net Purchase(s) are posted to the Credit Card Account. The following do not qualify as Purchases: Cash Advances, Balance Transfers, CIBC Convenience Cheques, interest, fees, payments and Aventura Points redemptions. It may take up to several business days for purchases to be posted to the Credit Card Account. This offer is non-transferable. This offer may be withdrawn or changed without prior notice at any time. This offer may be revoked if the Business or any Cardholder appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion.
The over $2,900 value is based on using the maximum redemption value of $800 for 35,000 Aventura Points on two long-haul airfare purchase ($1,600 travel value), based on the Aventura Airline Rewards Chart at CIBC Rewards Opens in a new window., before taxes and other charges, as of, March 5, 2024; an ongoing annual fee rebate (over $600 value) for the first Card and each additional Card (over $750 value). Calculations based on an estimate of five years.
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 Full Service Physician Package. Credit limit is determined by CIBC, in its sole discretion.
2 Smart Interest is an interest reward earned on the total account balance in your CIBC eAdvantage Savings Account(s), up to a maximum aggregate balance limit of $200,000 (“Smart Balance Maximum”), each month in which you save at least $200 (excluding interest earned) across all your account(s) with the same account holders (“Smart Balance Growth”). Smart Interest is calculated daily at the current Smart Interest rate on each day’s full closing balance (up to the Smart Balance Maximum) and paid between the first 5 to 7 business days of the following month. Smart Interest rate quoted is an annual rate. Smart Interest, the Smart Balance Maximum and the Smart Balance Growth amount may change at any time without prior notice. Other conditions apply. See the full Terms and Conditions available at CIBC Smart Savings.
3 A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. For CIBC eAdvantage Savings Accounts, a transaction does not include transfers to your other CIBC personal bank account(s), to your CIBC Personal Line(s) of Credit and to your CIBC Credit Card account(s). For all accounts, transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (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 does not include CIBC Bank USA). Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (rebated for CIBC Smart™ Plus Accounts except 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, CIBC Smart Plus Accounts and for clients who are enrolled in CIBC Advantage for Youth, CIBC Smart for Students, CIBC Smart for Seniors (on the CIBC Smart Account) and CIBC Advantage for Students (on the CIBC Everyday Chequing Account)) and transactions in foreign currency (including cheques written in currencies other than the account currency).
4 Interest rates may change from time to time. "Purchase" means card purchases less returns and does not include: Cash Advances, Balance Transfers interest, fees and CIBC Convenience Cheques. “Cash” means Cash Advances, Balance Transfers and CIBC Convenience Cheques.
5 In Canada, the annual fee may be a tax deductible business expense. For more information, consult a tax professional.
6 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* and 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.
7 Transactions include any debits and credits to your account (excluding 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 and transfers to other accounts. Credits include, without limitation, deposits, pre-authorized payments, bill payments (including CIBC credit cards and CIBC personal lines of credit), Interac Direct Payments, Interac e-Transfer payments, direct deposits and 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. Refer to CIBC’s Business Account Service Fees (PDF, 210 KB) Opens in a new window..
8 CIBC Personal Portfolio Services is a discretionary investment management service provided by CIBC Trust Corporation and distributed by CIBC Investor Services Inc., subsidiary of CIBC, to individuals with household investable assets greater than $100,000.
9 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 obtain a copy, call CIBC Securities Inc. at 1-800-465-3863 Opens your phone app.. Alternatively, you may obtain a copy from your advisor.
10 Premium Edge is available through CIBC Investor’s Edge. CIBC Investor’s Edge is the self-directed brokerage division of CIBC Investor Services Inc.
11 Bonus (double) Aventura Points are earned on each dollar charged to the card on CIBC Rewards Centre travel purchases other than taxes, insurance, service charges or similar items. Aventura Points aren’t earned on travel obtained by redeeming Aventura Points.
12 Earn 1.5 Aventura Points (as applicable) per dollar charged on purchases (excluding returns) at merchants classified in the Visa network as service stations or automated gas dispensers, airlines, hotels, car rental agencies, cruise lines, travel agencies or tour operators, tour buses or bus lines, local or suburban commuter passenger transportation, ferries, local water transportation, railways, limousines or cabs and certain other transportation services. This bonus Aventura Points offer is only available on the first $80,000 in net annual card purchases on your account (meaning all card purchases by all cardholders, at any type of merchant); after that, net card purchases at gas and travel service merchants will earn Aventura Points at the regular rate. The $80,000 limit will reset to zero after the day your December statement is printed. Terms, conditions and eligible merchant categories may change at any time without notice.
13 Aventura Points are earned on card purchases less returns, and not on cash advances, CIBC Global Money Transfer, interest, fees, balance transfers, payments or Convenience Cheques. Aventura Points will be awarded only if your CIBC credit card account is in good standing on each monthly statement date (otherwise Aventura Points earned in the monthly period are cancelled).
14 If you’re the Rewards Officer for a CIBC Aventura® Visa* Card for Business Plus and you’re also the primary cardholder on a personal CIBC Aventura® Visa Infinite*, CIBC Aventura® Gold Visa*, CIBC Aventura® World MasterCard® or CIBC Aventura® World Elite® MasterCard® and both cards are in good standing, you can transfer your Aventura Points from one account to the other through the CIBC Rewards Centre or by calling 1-888-232-5656 Opens your phone app..
15 Insurance coverage(s) included with CIBC credit cards are underwritten by Royal & Sun Alliance Insurance Company of Canada (RSA). Different cards will have different coverage(s). To learn about which coverage(s) are included with a specific card, and important information regarding coverage eligibility requirements, benefits, limitations and exclusions, go to Agreements and Insurance and review the insurance certificate(s) in your card package. Some insurance coverage(s) require purchases, auto rentals, common carrier fares, hotel or motel and other trip costs to be charged to the card and be for business purposes to activate coverage. Other conditions may also apply. Auto Rental Collision and Loss Damage Insurance (CLDI) is available for automobile rentals of up to 48 days for rental vehicles with a MSRP up to $65,000. The full cost of 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 rental agencies may assess their damages at an amount greater than the ACV of the rental vehicle and you may be liable to them for the difference. Before declining the rental agency's CDW or LDW, you should read carefully and compare the terms of the 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. Trip Cancellation and Trip Interruption Insurance may not cover certain pre-existing health and medical conditions. Certain RSA coverages are "excess insurance" (all other sources of insurance and recovery must be exhausted before coverage is available). For more information, call the insurer toll-free at 1-866-363-3338 Opens your phone app. in Canada, the continental U.S. and Hawaii or collect from elsewhere at 1-905-403-3338 Opens your phone app.. You can also visit cibccentre.rsagroup.ca Opens a new window in your browser..
16 CIBC isn’t responsible for any Aeroplan Miles earned under this "earn miles twice" feature of the Aeroplan Program when the Aeroplan card is presented. For the full terms and conditions of the Aeroplan Program, visit aeroplan.com Opens a new window in your browser..
17 Earn 1.5 Aeroplan Miles (as applicable) per dollar charged on purchases (excluding returns) at merchants classified in the Visa network as service stations or automated gas dispensers, airlines, hotels, car rental agencies, cruise lines, travel agencies or tour operators, tour buses or bus lines, local or suburban commuter passenger transportation, ferries, local water transportation, railways, limousines or cabs and certain other transportation services. This bonus Aeroplan Miles offer is only available on the first $80,000 in net annual card purchases on your account (meaning all card purchases by all cardholders, at any type of merchant); after that, net card purchases at gas and travel service merchants will earn Aeroplan Miles at the regular rate. The $80,000 limit will reset to zero after the day your December statement is printed. Terms, conditions and eligible merchant categories may change at any time without notice.
18 Aeroplan points will be earned on card purchases less returns, and not on cash advances, CIBC Global Money Transfer, interest, fees, balance transfers, payments or Convenience Cheques. Aeroplan points will be awarded only if your CIBC credit card account is in good standing on each monthly statement date (otherwise Aeroplan points earned in the monthly period are cancelled).
19 Effective March 31, 2021, when you complete an HPP application, you can add a co-borrower who is not an owner of the mortgaged property if:
- The property is owner-occupied; and
- The co-borrower is an immediate family member (spouse, parent, grandparent or sibling).
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