† This is a combined bonus, regular and Smart annual interest rate offer. The offer only applies to clients opening their first CIBC eAdvantage® Savings Account (“eSA”). Eligible eSAs will earn bonus interest (“Bonus Interest”) for 120 days from the date the eSA is opened, in addition to regular (“Regular Interest”) and Smart Interest (each month in which you save at least $200 across all your account(s) with the same account holders). Bonus Interest is calculated daily at the current rate on each day’s full closing balance (up to a balance limit of $1,000,000) and paid monthly. Regular Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly. Smart Interest is calculated daily at the current Smart Interest rate on each day’s full closing balance (up to a balance limit of $200,000 across all accounts with the same account holders and paid between the first 5 to 7 business days of the following month. Bonus Interest, Regular Interest and Smart Interest rates quoted are annual. Interest rates may change at any time without prior notice. For current rates, ask at any CIBC Banking Centre Opens in a new window. or go to CIBC eAdvantage Savings Account Special Offer. Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 110 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 March 14, 2022.
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. Additional bonus of 5,000 Aventura Points
To qualify for the additional 1,250 bonus Aventura Points for each statement period, you must have at least $1,000 in net purchases posted to your account by the last day of each statement period. Purchases made during a statement period but posted after the end of that statement period will not count towards eligible spend for that month. If this occurs, that purchase will count towards eligible spend for the next statement period. For example, if your statement period is from November 8 to December 7, a purchase made on December 7 (transaction date) that is posted on December 8 (posting date) will not count for eligible spend for the December statement period. In this case, that purchase will count towards spend in the January statement period. If the November 8 to December 7 period was your 12th statement period, then the purchase made on December 7 and posted on December 8 would not count toward this offer.
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.
◊◊ 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 4 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. Qualifying clients will receive:
- $3,000 on a mortgage loan amount of $750,000 or more;
- $2,000 on a mortgage loan of $500,000 to $749,999;
- $1,200 on a mortgage loan of $300,000 to $499,999;
- $1,000 on a mortgage loan of $100,000 to $299,999.
Cash back will be deposited in the personal CIBC chequing account 6 to 8 weeks after funding.
Other conditions and restrictions apply. Ask us for details. Offer ends January 31, 2022. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.
If you have an eligible high ratio mortgage, you may also qualify for a special low rate. Talk to us to find out how.
If your down payment is less than 20% of the property value, your mortgage is high-ratio.
‡ The annual fee on your CIBC U.S. Dollar Aventura® Gold Visa* Card will be rebated if, at the time your annual fee is charged, your CIBC U.S. Dollar Aventura Gold Visa account is in good standing, and you hold an eligible CIBC premium personal credit card and either the CIBC US$ 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.
✦Applications for a new, eligible business credit card account must be submitted and approved beginning March 14, 2022 to qualify for this offer.
If an application for a new CIBC Aventura® Visa* for Business Plus card is submitted and approved, the Rewards Officer can get:
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 5,000 Aventura Points.
c) An additional anniversary bonus of 35,000 Aventura Points when $35,000 or more is spent during the first year.
The anniversary bonus of 35,000 Aventura Points will be awarded to the Rewards Officer within 8 weeks after the one year account open date, provided the credit card account is in good standing. Additional cardholders are not eligible for this offer.
d) CIBC will provide an annual fee rebate on any eligible credit card account, and on any additional cards under such eligible credit card account, every year if, at the time the business’ annual fee(s) are charged: (i) the business is 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); (ii) the eligible credit card account is open and in good standing; and (iii) the business is registered and located in Canada.
To qualify for this offer, applications for a CIBC Aeroplan® Visa* Business Plus Card must be submitted and approved beginning March 14, 2022.
In order to be eligible for this offer, client must abide by the terms and conditions set out in this footnote.
If an application for a new CIBC Aeroplan® Visa* Business Plus Card is submitted and approved, the Rewards Officer can receive:
i. A welcome bonus of 10,000 Aeroplan points after the first purchase is made at any time on the credit card account.
ii. An additional bonus of 20,000 Aeroplan points if at least $3,000 in net purchases are posted to the credit card account during the first 4 monthly statement periods.
iii. An additional anniversary bonus of 30,000 Aeroplan points when $35,000 or more is spent during the first year.
iv. A one-time bonus Buddy Pass when $3,000 or more is spent during the first 4 monthly statements periods.
The anniversary bonus of 30,000 Aeroplan points will be awarded to the Rewards Officer within 8 weeks after the one year account open date, provided the credit card account is in good standing. Additional cardholders are not eligible for this offer.
This one-time Welcome Bonus offer of a bonus Buddy Pass is only valid for eligible cardholders. You will not be eligible for the Welcome Bonus offer of a Buddy Pass if you have previously opened an Aeroplan program credit card of the same type, regardless of the credit card issuer and have received the Welcome Bonus offer in the last 12 months. This offer may be changed, cancelled or extended at any time and cannot be combined with any other offers.
v. CIBC will provide an annual fee rebate on any eligible credit card account and on any additional cards under such eligible credit card account every year if, at the time the business’ annual fee(s) are charged: (i) the business is 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); (ii) the eligible credit card account is open and in good standing; and (iii) the business is registered and located in Canada.
If the application is approved, this annual fee rebate offer will apply in the amount of the annual fee, if any, of the alternate card or credit card account, as applicable. If a business qualifies for the rebate, it will see a charge for its annual fee(s), along with the rebate, within 2 statements periods after the eligible credit card account is opened. The new credit card account must be open and in good standing at time the rebate is awarded.
Offer applies to newly approved credit card accounts only; transfers from an existing CIBC credit card to CIBC Aeroplan® Visa Business Plus Card are excluded.
The credit card account must be open and in good standing at the time the bonus Aeroplan points are awarded. Aeroplan points are awarded to the Rewards Officer within 8 weeks after all qualifying purchases are posted to the credit card account. The following don’t qualify as net purchases:
- Returns and credits
- Cash advances
- Balance transfers
- CIBC Convenience Cheques
- Fees
- Interest
- Payments
It may take up to several business days for purchases to be posted to the credit card 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 the business or a cardholder appears to be manipulating or abusing it, or is engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion.
If the Rewards Officer already has an Aeroplan number, make sure that the Rewards Officer provides their personal Aeroplan number to CIBC to be linked to the credit card account as linking a different loyalty number may impact the airline benefit fulfillment.
The rebate is equal to 100% of the annual fee for the eligible credit card account plus 100% of the annual fee(s) for any additional cards under such eligible credit card account.
Other terms and conditions apply. For more details on the annual fee rebate, including the definition of capitalized terms not defined herein, refer to the Business Plus professional offer terms and conditions (PDF, 150 KB) Opens in a new window..
The Aventura reward point offer applies to newly approved credit card accounts only; transfers from an existing CIBC credit card to any 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 purchase(s) are posted to the credit card 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 the business or a cardholder appears to be manipulating or abusing it, or is engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion.
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 on the Air Canada website 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.
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 Regular interest (“Regular Interest”) is calculated daily at the current rate on each day’s full closing balance and paid on the last business day of the month. Your entire account balance earns this rate. This interest cannot be withdrawn and will not be printed at branch terminals or bank machines or made available through CIBC Telephone or Online Banking, until the second business day of the following month.
Interest rates quoted are annual. Interest rates and balance tiers are subject to change without prior notice.
If you have any questions about our interest rates, call 1-800-465-2422 Opens your phone app., or visit a CIBC Banking Centre Opens in a new window..
3 Smart Interest is a bonus 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.
4 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 doesn’t 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).
5 Interest rates will change from time to time on at least 30 days prior notice to the primary cardholder. “Purchase” means card purchases less returns and doesn’t include: cash advances, interest, fees, balance transfers, payments and CIBC Convenience Cheques. “Cash” means cash advances, balance transfers and CIBC Convenience Cheques.
6 In Canada, the annual fee may be a tax deductible business expense. For more information, consult a tax professional.
7 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.
8 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..
9 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.
10 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.
11 Premium Edge is available through CIBC Investor’s Edge. CIBC Investor’s Edge is the self-directed brokerage division of CIBC Investor Services Inc.
12 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.
13 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.
14 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).
15 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..
16 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..
17 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..
18 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.
19 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).
20 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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