‡ 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.
✦ Couple items to note in T&Cs:
- No funds have to be secured or locked with CIBC
- Client needs to bring their immigration form (confirmation of permanent residence – IMM5292/IMM5688)
- This higher limit is only eligible on the first credit card approved
- This offer is only available at branches and has to be availed at the time of application, and cannot be availed once the card has been issued>
† Cash reward offer begins on April 30, 2022, at 12:01 am ET and ends on January 31, 2023, at 9:00 pm 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 first $350, open a CIBC Smart Account or CIBC Smart Plus Account and provide your email address. Within 2 months of opening the account, complete at least 1 recurring direct deposit and 1 of the following 3 activities: (i) at least 2 different recurring pre-authorized debits; (ii) at least 2 eligible Visa Debit purchases; or (iii) at least 2 online bill payments of at least $50 each. The direct deposit and the pre-authorized debit must remain in effect for at least 2 consecutive months. Eligibility of transactions will be determined by CIBC in its sole discretion. To qualify for the additional $50, complete steps to receive the first $350 and within 2 months of opening the Smart Account or Smart Plus Account, transfer at least $200 from your account into your eAdvantage® Savings Account. 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. The cash reward will be deposited into your account within seven (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 landed immigrant status or permanent resident in the last 5 years or those who are temporary resident workers who have a Canadian work permit issued for at least a 12-month term. Must show proof of entry into Canada and provide supporting documents such as landing papers, permanent resident card or Canadian work permit (IMM 1442). 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.