‡ Higher Limit on Credit Card Offer (HLCC): Higher Limit on Credit Card program is only available in CIBC Banking Centers. You must present your immigration documents (IMM5292/IMM5688) to confirm eligibility. Only available if you’re new to CIBC and don’t have any CIBC products, or if you’re an existing CIBC client who does not have a CIBC credit card. Offer available only on the first approved CIBC credit card. This is an unsecured credit card offer. Final limit assigned is at discretion of CIBC.
† Cash reward offer begins on April 29, 2023, at 12:01 am ET. Offer available to Canadian residents who are age 25 and older for a CIBC Smart™ Account or have reached the age of majority for a CIBC Smart™ Plus Account, and from 2019 to the time of opening the account are not holders or joint holders of a CIBC chequing account, all as determined by CIBC in its sole discretion. To qualify for the $350 offer, open a CIBC Smart Account or CIBC Smart Plus Account and provide your email address. Within 2 months after the month of opening the account, complete at least 1 or more recurring direct deposits totalling at least $500 per month and 1 of the following 3 activities: (i) 2 different recurring pre-authorized debits within the same calendar month; (ii) 5 eligible Visa* Debit purchases within the same calendar month; or (iii) 2 online bill payments of at least $50 each within the same calendar month. The direct deposit and the pre-authorized debit must remain in effect for at least 1 year from after the month of opening the account. Eligibility of transactions will be determined by CIBC in its sole discretion. Offer cannot be combined with any other offer, reward, rebate or the CIBC Smart Start or Smart for Students benefit on the Smart Account unless otherwise indicated by CIBC. The cash reward will be deposited into your account within 7 months after the month that you opened the account. Other conditions apply; review the terms and conditions (PDF, 135 KB) Opens in a new window..
†† The CIBC Smart™ Account for Newcomers is offered to those who have received one of the following:
- Landed immigrant status issued within the past 5 years; or
- A Canadian Permanent Resident Card issued within the past 5 years; or
- Confirmation of Permanent Residency (IMM5292 or IMM 5688) issued within the past 5 years.
The CIBC Smart Account for Foreign Workers is offered to temporary resident workers who have received one of the following:
- A Canadian work permit (IMM 1442) issued for at least a 12-month term; or
- A Refugee Claimant Document (IMM 585 or IMM 5565) issued with a valid work permit for at least a 12-month term.
To learn more about the CIBC Smart Account for Foreign Workers, visit our dedicated webpage.
Must show proof of entry into Canada, provide required supporting documents and provide a piece of photo identification. Monthly account fee is rebated for two years after which regular monthly account fees apply without notice.
1 CIBC foreign exchange rates apply. A CIBC Global Money Transfer and a Foreign Exchange transaction counts towards your allowable transaction limit. Bank account transaction fees may apply. Must have a CIBC chequing account, savings account, eligible credit card or personal line of credit account to send a CIBC Global Money Transfer. Most transfers are completed within 1 to 3 business days. Only primary credit card cardholders can use their eligible credit card account to pay for the CIBC Global Money Transfer service.
Review the CIBC Global Money Transfer Agreement (135 KB, PDF) Opens in a new window..
2 The CIBC free credit score service is a feature in the CIBC Mobile Banking App which allows CIBC clients to subscribe to get their credit score from Equifax Canada.
The Equifax credit score is based on Equifax’s proprietary model and may not be the same score used by third parties or by CIBC in certain instances to access your creditworthiness. The provision of this score to you is intended for your own educational use. Third parties and CIBC will take into consideration other information in addition to a credit score when evaluating your creditworthiness.
You should always obtain the most updated credit information and credit scores from Equifax Canada to ensure accuracy before making a major financial decision.