◊◊ This offer applies to CIBC Global Money Transfers posted to the primary cardholder’s credit card account between February 1, 2021 and November 30, 2021. Earn 1.25 Aeroplan points for every $4 CA spent on a CIBC Global Money Transfer. This offer may be withdrawn or changed without prior notice at any time.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.
† You can qualify for this offer if you apply and are approved for a new CIBC Aeroplan® Visa Infinite Privilege* Card beginning February 1, 2021.
In order to be eligible for this offer, client must abide by the terms and conditions set out in this footnote.
Offer applies to newly approved card accounts only.
If you apply and are approved for a new CIBC Aeroplan® Visa Infinite Privilege* card, you can receive:
i. The 20,000 Aeroplan points will appear on your statement after you make your first purchase at any time with your card.
ii. Earn 25,000 Aeroplan points when you have at least $3,000 in net purchases posted to your account during the first 4 monthly statement periods.
iii. To qualify for the additional 2,500 bonus Aeroplan points for each statement period, you must have at least $2,000 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.
Credit card account must be open and in Good Standing at the time the bonus Aeroplan points are awarded. Aeroplan points are awarded to you within 8 weeks after all qualifying purchase(s) are posted to your account. The following do not qualify as purchases: Cash Advances, Balance Transfers, Convenience Cheques, fees, interest, payments and Aeroplan points redemptions. It may take up to several business days for purchases to be posted to your account. This offer is not transferable to any other card account. 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.
If you already have an Aeroplan number, please ensure that you provide your personal Aeroplan number to CIBC to be linked to your credit card as linking a different loyalty number may impact the airline benefit fulfillment.
✦A primary cardholder and each authorized user with a CIBC Aeroplan Visa Infinite Privilege Card will each be able to offer 1 guest complimentary access to any Maple Leaf Lounge located in Canada and the United States, including International Maple Leaf Lounges in Canada and the United States when travelling on an international itinerary, (each, a “Guest Pass”) through November 7, 2021. Access excludes Air Canada Signature Suites and lounges operated by third parties, such as Star Alliance member airlines. Access will be granted in conjunction with a same-day, confirmed ticket on a flight operated by Air Canada, Air Canada Rouge, under the Air Canada Express brand, or any Star Alliance member airline. Any guest entering a Maple Leaf Lounge using a Guest Pass must be accompanied by the eligible primary cardholder or authorized user. Anyone under the age of majority entering a Maple Leaf Lounge must be accompanied by an adult with access to the lounge. Age of majority is determined by the jurisdiction in which the Maple Leaf Lounge is located. Benefit may only be used as described, and otherwise cannot be transferred. Access is subject to space availability. For applicable terms and conditions, visit Maple Leaf Lounges Terms and Conditions. Guest will receive the same features, benefits, services and amenities, and will be subject to the same restrictions, with respect to Maple Leaf Lounges in North America, as those made available or applicable to any paid North America Maple Leaf Lounge Membership.
◊◊ CIBC Pace It™ Installment Plans allow primary cardholders to convert posted eligible Card Transaction(s) to monthly installment payments (including interest) over a fixed period of time. When you create an Installment Plan you will have the ability to choose the payment term (in months) with a corresponding annual interest rate. A One Time Installment Fee of 1.50% of the purchase amount applies. Once you accept the Installment Plan Terms and Conditions and create the Installment Plan through CIBC Online or Mobile Banking, you can cancel it at any time but you cannot change it. CIBC Pace It™ Installment Plans are only available: (a) on Accounts in good standing; (b) for certain eligible Card types and eligible Transactions; and (c) to non-Quebec residents.
1 The Aeroplan number of the person accessing the benefit must be included in the qualifying reservation, and the name on the airline reservation must be identical to the name on the Aeroplan account of the traveller. For authorized users’ ability to access available benefits, their Aeroplan number must be linked to a valid CIBC Aeroplan credit card account as verified by the bank. Linking can be done by visiting Link Your Aeroplan Account Opens a new window.. Please allow up to 72 hours after the CIBC Aeroplan credit card account is approved, or the Aeroplan number of the authorized user is linked to the authorized user credit card, for these benefits to be activated. The Aeroplan accounts of the primary cardholder and authorized users must be in Good Standing at time of flight for airline benefits to apply. Airline benefits will no longer be available if your CIBC Aeroplan credit card account is not in Good Standing, or if it is closed, regardless of reason for closure. Airline benefits may no longer apply if the CIBC Aeroplan credit card product is changed to a different product. Aeroplan membership and benefits are subject to the Aeroplan Program Terms and Conditions Opens a new window. and any applicable Air Canada terms and conditions relating to a benefit, as determined by Air Canada in its sole discretion and as may be changed from time to time. Capitalized terms used have the meanings set out in the CIBC Cardholder Agreement.
2 CIBC Aeroplan Visa Infinite Privilege Card primary cardholders and authorized users are each entitled to complimentary access to any Air Canada Maple Leaf Lounge located in Canada and the United States, including International Maple Leaf Lounges in Canada and the United States when travelling on an international itinerary. Access excludes Air Canada Signature Suites and lounges operated by third parties, such as Star Alliance member airlines. Additional guests of primary cardholders or authorized users may enter upon paying an applicable fee. Access will be granted in conjunction with a same-day, confirmed ticket on a flight marketed or operated by Air Canada, Air Canada Rouge, under the Air Canada Express brand, or any Star Alliance member airline. Anyone under the age of majority entering a Maple Leaf Lounge must be accompanied by an adult with access to the lounge. Age of majority is determined by the jurisdiction in which the Maple Leaf Lounge is located. Benefit may only be used as described, and otherwise cannot be transferred. Access is subject to space availability. Review applicable Maple Leaf Lounges Terms and Conditions Opens a new window..
3 You must have a valid CIBC Aeroplan Visa Infinite Privilege Card in Good Standing to take advantage of the Visa Infinite Privilege benefits and services. Discounts and benefits are non-transferable and discounts cannot be combined with any other offer or discount. Visa reserves the right to modify or cancel offers at any time and without notice. Neither Visa nor CIBC is responsible for any claims or damages arising from use of any benefits or services provided by a third party. All offers, benefits and services are subject to complete terms and conditions, including third party suppliers’ terms and conditions (available at Visa Infinite Privilege Program Terms and Conditions Opens a new window.). The Visa Infinite Privilege privacy notice applies to all benefits and services that require enrollment through, or are otherwise provided by, the Visa Infinite Privilege website or the Visa Infinite Privilege Concierge. Review the Visa Infinite Privilege privacy notice at Visa Global Privacy Notice Opens a new window.. The collection, use and disclosure of your personal information by third party suppliers of services and benefits are subject to such third parties’ own privacy policies.
4 Global Airport Lounge Access – Cardholders must enroll for this benefit through the Visa Infinite Privilege website at visainfinite.ca/privilege Opens a new window. or through the Visa Infinite Privilege Concierge, and must have a valid Visa Infinite Privilege card linked to their Priority Pass membership at all times. Six lounge visits are complimentary per membership year for the enrolled cardholder to use for themselves or for their guests.
Membership includes access to any airport lounge participating in the Priority Pass lounge access program. To access a lounge, cardholder must show a valid Priority Pass membership card. All additional visits beyond the complimentary visits are subject to a fee of $32 US per person per visit (subject to change). Applicable lounge access charges will be billed to the Visa Infinite Privilege card connected to cardholder’s Priority Pass membership. Priority Pass membership will be cancelled if your Visa Infinite Privilege card is cancelled, or is no longer linked to your Priority Pass membership. Unless cancelled, Priority Pass membership automatically renews on its anniversary date. To view a full list of participating airport lounges, their facilities, opening times and restrictions cardholders can visit Priority Pass Opens a new window.. Enrolled cardholders are subject to Terms and Conditions for the global lounge membership program and the individual lounge operators’ terms of use for the participating lounges visited, available at Priority Pass Opens a new window.. The Priority Pass Terms and Conditions will be sent to cardholder upon enrollment. The Airport Lounge Access services are provided by Priority Pass and neither Visa nor the Issuer is responsible for any claims or damages arising from use of the Airport Lounge services. Visa reserves the right to modify or cancel this offer at any time and without notice.
5 CIBC Aeroplan Visa Infinite Privilege Card primary cardholders will receive one (1) Annual Worldwide Companion Pass after spending at least $25,000 in eligible net Purchases (which excludes any returns and credits, Cash Advances, Balance Transfers, Convenience Cheques, fees, interest and payments) charged to the CIBC Aeroplan Visa Infinite Privilege Card account within an account year (being each consecutive 12 month period following the CIBC Aeroplan Visa Infinite Privilege Card account open date). The Companion Pass will be deposited into the Aeroplan account up to 8-10 weeks following the account year.
The Companion Pass entitles a companion to accompany the primary cardholder for a fixed base fare, when the primary cardholder books a published economy fare on a flight marketed and operated by Air Canada, Air Canada Rouge or under the Air Canada Express brand. Companion Passes are valid for 12 months from the date issued. The Companion Pass is valid towards a new booking only, and not valid on existing reservations. Bookings must be made directly with Air Canada through the Air Canada call centre (“Air Canada Reservations”), the Air Canada Mobile App or via aircanada.com Opens a new window.. Valid for one round-trip for a companion when travelling on the same itinerary and booked at the same time as primary cardholder. Maximum one Companion Pass may be used per booking. If one-way travel is booked, the full base fare will be charged, the Companion Pass will be deemed fully used and the return portion of travel is forfeited. Total pricing varies based on itinerary booked. Primary cardholder may use the Companion Pass only once on their choice of travel (i) within Canada and continental United States (excluding Hawaii) for $99 CAD base fare (ii) to/from Hawaii, Mexico, Central America, and the Caribbean for $299 CAD base fare, (iii) to/from South America, Europe, Middle East, and Africa for $499 CAD base fare, and (iv) to/from Asia, Australia, and New Zealand for $599 CAD base fare. Companion will be responsible to pay all applicable taxes, fees, charges and surcharges that apply above the companion’s base fare. All travel must originate or terminate in Canada or the United States. Valid for travel at any time with no blackout periods. Also valid against the purchase of fares on sale. Companion will be booked into same fare brand as primary cardholder and will receive all applicable benefits and services associated with that fare brand. The Companion Pass may not be used with premium cabin fares, or in conjunction with Aeroplan flight rewards, Flight Pass, group travel bookings, Air Canada Vacations bookings, or any other discounts or promotion codes. The Companion Pass must be redeemed at time of purchase, and if multiple Companion Passes are available for the Aeroplan number, the Companion Pass that would expire first will be used. Booking must be made before the Companion Pass expiry date; travel may occur after the Companion Pass expiry date subject to flight schedule availability at the time of booking. Companion Pass may only be used as described, cannot be transferred and has no monetary or exchange value. Changes or cancellations are allowed according to the fare rules of the fare purchased. Changes and cancellations must be made at the same time for both guests, and failure to do so may result in a forfeit of the Companion Pass. If during a change or cancellation the Companion Pass is reinstated in the primary cardholder’s account, the original expiry date will take effect and the Companion Pass may then be considered expired. In the event of a change or cancellation, travellers are required to pay all applicable fees based on the fare type purchased for each ticket, plus the difference in fare, if applicable, and all applicable taxes, fees, charges and surcharges that apply above the base fare. Companions who are members of Aeroplan or other partner frequent flyer programs are eligible to accumulate points and/or miles for the ticket issued in exchange for the Companion Pass according to conditions of the fare brand purchased. Aeroplan Elite Status benefits and upgrades are applicable if the traveller holds appropriate status and the fare purchased allows. Air Canada reserves the right to apply additional fees for bookings made via Air Canada Reservations. Unused Companion Passes will automatically be cancelled if your CIBC Aeroplan credit card account is not in Good Standing, or if it is closed, regardless of reason for closure. Unused Companion Passes may no longer be available if the CIBC Aeroplan credit card product is changed to a different product. Terms and conditions of the air transportation services on Air Canada are subject to the General Conditions of Carriage and Tariffs Opens a new window. at the time of redemption.
6 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 does not include: cash advances, interest, fees, balance transfers, payments and CIBC Convenience Cheques. "Cash" means cash advances, balance transfers and CIBC Convenience Cheques.
7 Aeroplan points will be earned on purchases less returns, and not on cash advances, CIBC Global Money Transfers, interest, fees, balance transfers, payments or Convenience Cheques. Earn bonus rate of 1.5 Aeroplan points on each $1 in purchases (net of and/or less returns) at merchants that are classified in the Visa network as grocery stores, service stations/automated gas dispensers, airlines, car rental agencies, travel agencies/tour operators, hotels, cruise lines, tour buses/bus lines, local/suburban commuter passenger transportation, ferries, local water transportation, railways, limousines/cabs and certain other transportation services or dining. Earn bonus rate of 2 Aeroplan points on each $1 in purchases (net of and/or less returns) made directly from Air Canada, for products and services completed online at aircanada.com Opens in a new window., in-person at an Air Canada customer service counter at the airport or aboard an Air Canada flight and Air Canada Vacations packages. Excluded from the bonus rate are car rentals, hotel bookings, and other third party partner products and services that can be purchased through aircanada.com Opens in a new window.. Bonus rate of 2 Aeroplan points per $1 spent on Air Canada purchases made directly through an Air Canada channel will not earn bonus rate of 1.5 Aeroplan points for travel purchases. Bonus Aeroplan points offer is only available on the first $100,000 in net annual card purchases on your account (meaning all purchases by all cardholders, at any type of merchant); after which, Aeroplan points are earned at the regular rate on net purchases. The $100,000 limit will reset to zero on the day after your December statement is printed. Terms, conditions and eligible merchant categories may change at any time without notice. Aeroplan points will be awarded only if your CIBC Aeroplan Visa Infinite Privilege Card account is in Good Standing on each monthly statement date (otherwise Aeroplan points earned in the monthly period are cancelled). Aeroplan partners, rules and regulations are subject to change; refer to Aeroplan Opens in a new window.. We may make special offers, including offers to earn Aeroplan points on CIBC Global Money Transfers, which may be for a limited period and contain additional terms and conditions.
8 CIBC is not responsible for any Aeroplan points earned under this “earn points twice” feature of the Aeroplan program when the Aeroplan number is provided. For the full terms and conditions of the Aeroplan program, visit Aeroplan Program Terms and Conditions Opens a new window..
9 CIBC Aeroplan Visa Infinite Privilege Card primary cardholders who also hold Aeroplan Elite Status will be able to roll over up to a maximum of 200,000 Status Qualifying Miles (“SQM”) from the prior qualification year to the next qualification year. This benefit applies when the member qualified for Aeroplan Elite Status by earning the required SQM or Status Qualifying Segments (“SQS”), as well as the required Status Qualifying Dollars (“SQD”), in the prior qualification year. If the member has been granted complimentary status, as determined by Air Canada, that is higher than the status they would have earned via their Status Qualifying balances, the roll over amount will be based on the status they would have earned otherwise (if any), and not the granted status. SQM rolled over from the previous qualifying year will apply towards status qualification for the following qualifying year. Rollover SQM will be deposited directly into the member's Aeroplan account no later than March 30 of any given year, provided the member earned at least Aeroplan 25K Status based on their Status Qualifying balances from the prior qualifying year. Rollover does not apply to SQS or SQD. Benefit is only available to primary cardholders and does not apply to authorized users. If your CIBC Aeroplan credit card account is not in Good Standing, or if it is closed, regardless of reason for closure, or if the CIBC Aeroplan credit card product is changed to a different product, any SQM rolled over as a result of this benefit will be removed from the Aeroplan account, and any status earned as a result of these rolled over SQM may also be rescinded. SQM do not count towards Million Mile Status and are not redeemable towards Aeroplan Rewards. Where a primary cardholder is eligible to roll over SQM under another Aeroplan credit card, the total cumulative roll over of all SQM towards Aeroplan Elite Status cannot exceed the maximum of 200,000 SQM. All Aeroplan Elite Status Conditions apply and can be reviewed at Air Canada Elite Terms and Conditions Opens a new window..
10 Aeroplan points displayed are estimated ranges for one-way or round trip travel, and are for informational purposes only. For travel in high-demand periods, such as a popular time to visit a destination or during a holiday period, the actual price in Aeroplan points might be higher. Aeroplan points required for itineraries combining both Air Canada and partner airline flights may vary. For flight rewards including travel with a partner airline, a partner booking fee will apply. Aeroplan points required for partner airline flight rewards are based on the actual distance flown between origin and destination. Taxes and third-party charges may apply. For full details please visit Aeroplan Program Terms and Conditions Opens a new window..
11 The rewards calculator tool is only for general illustration purposes; your actual results may differ. Welcome Bonus applies only in the first year. Aeroplan points will be earned on card purchases less returns, and not on cash advances, interest, fees, balance transfers, payments, convenience cheques or Aeroplan point redemptions (as applicable). For the CIBC Aeroplan Visa Infinite Card, bonus rate of 1.5 Aeroplan points on each $1.00 in purchases (net of and/or less returns) on gas, grocery and Air Canada purchases is only available on the first $80,000 in net annual card purchases on the account (meaning all card purchases by all cardholders, at any type of merchant); after that net card purchases at gas and grocery merchants or on Air Canada purchases will earn Aeroplan points at the regular rate of 1 Aeroplan point on each $1.00 in purchases (net of and/or less returns). For the CIBC Aeroplan Visa Business Card and CIBC Aeroplan Visa Business Plus Card, bonus rate of 1.5 Aeroplan points on each $1.00 in purchases (net of and/or less returns) on travel, dining, shipping, cable, internet and phone services purchases and bonus rate of 2 Aeroplan points on each $1.00 in purchases (net of and/or less returns) on Air Canada purchases, are only available on the first $80,000 in net annual card purchases on the account (meaning all card purchases by all cardholders, at any type of merchant); after that net card purchases at travel, dining, shipping, cable, internet and phone services merchants or on Air Canada purchases will earn Aeroplan points at the regular rate of 1 Aeroplan point on each $1.00 in purchases (net of and/or less returns). For the CIBC Aeroplan Visa Infinite Privilege Card, bonus rate of 1.5 Aeroplan points on each $1.00 in purchases (net of and/or less return) on gas, grocery, travel and dining purchases and bonus rate of 2 Aeroplan points on each $1.00 in purchases (net of and/or less returns) on Air Canada purchases, are only available on the first $100,000 in net annual card purchases on the account (meaning all card purchases by all cardholders, at any type of merchant); after that net card purchases at gas, grocery, travel and dining merchants or on Air Canada purchases will earn Aeroplan points at the regular rate of 1.25 Aeroplan points on each $1.00 in purchases (net of and/or less returns). For the CIBC Aeroplan Visa Card, bonus rate of 1 Aeroplan point on each $1.00 in purchases on gas, grocery and Air Canada purchases is only available on the first $40,000 in net annual card purchases on the account (meaning all card purchases by all cardholders, at any type of merchant); after that net card purchases at gas and grocery merchants or on Air Canada purchases will earn Aeroplan points at the regular rate of 1 Aeroplan point on each $1.50 in purchases (net of and/or less returns). Bonus rate earned on Air Canada purchases made directly through an Air Canada channel will not earn bonus rate for travel purchases. Terms, conditions and eligible merchant categories may change at any time without notice.
For details about earning and redeeming rewards, the Welcome Bonus and other card benefits, including terms and conditions, review the benefit guides on CIBC Agreements and Insurance. For the full terms and conditions of the Aeroplan program, visit Aeroplan Program Terms and Conditions Opens a new window..
In case of a discrepancy between the redemption amount shown above and displayed on Air Canada Flight Rewards Chart, the redemption amount displayed on Air Canada Flight Rewards Chart shall apply. To review the chart, go to Aeroplan Flight Reward Chart (PDF, 475 KB) Opens a new window.. All information is valid at the time of publication and is subject to change.
12 CIBC Aeroplan Visa Infinite Privilege Card primary cardholders, authorized users, and up to 8 other passengers travelling on the same reservation (up to a maximum of 9 travellers), are each entitled to a free first checked bag up to 23kg/50lbs. Benefit only applies when checking in with Air Canada, for a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express brand. Benefit is not available if check-in is with another airline. If the first checked bag is already complimentary (for example, as a result of Aeroplan Elite Status or fare purchased), there is no additional checked bag benefit that will be provided. Free first checked bag benefit may not be applied retroactively and no refunds will be issued. Service charges for additional/oversized/overweight baggage may apply. For more information on baggage restrictions, please visit Air Canada Baggage Information Guide Opens a new window..
13 From time to time, primary Aeroplan credit cardholders can get access to preferred pricing, which means they can book flight rewards for even fewer points. The number of points required to book a flight reward is determined by several factors, including, but not limited to, holding an eligible Aeroplan-branded credit card, along with other rules as determined by Aeroplan in its sole discretion.
14 Learn more at Aeroplan Opens a new window..
15 CIBC Aeroplan Visa Infinite Privilege Card primary cardholder, authorized users, and up to 8 other passengers travelling on the same reservation (up to a maximum of 9 travellers), are each entitled to Priority Check-in (where available), Zone 2 Priority Boarding and Priority Baggage Handling. Benefits only apply when checking in with Air Canada, for a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express brand. Benefit is not available if check-in is with another airline. To access this benefit, the primary cardholder or authorized user may be required to show their qualifying CIBC Aeroplan credit card to the Air Canada agent.
16 Receive 1 statement credit up to a maximum value of $50 US when NEXUS application fee is charged to an eligible primary card, regardless of 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, account 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, enrollment, 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 at NEXUS Terms and Conditions Opens a new window..
17 Subject to availability. If there is a seat available for purchase in cash, it will be available in points. There are no blackout periods.
18 For full details visit Aeroplan Program Terms and Conditions Opens a new window..
19 When you keep your CIBC Aeroplan credit card in Good Standing, your Aeroplan account automatically stays active and your points will not expire. For more information on Aeroplan’s inactivity policy, please visit Aeroplan Inactivity Policy Opens a new window..
20 The goods and services you request or obtain through the Visa Infinite Privilege Concierge are provided by various third-party service providers unrelated to Visa. Neither Visa nor CIBC endorses, reviews, qualifies, makes any representations or warranties (either express or implied) about, or assumes responsibility or liability for these service providers or the goods and services obtained. Neither Visa nor CIBC can guarantee the successful fulfillment of your requests in all instances. There is no fee for the Visa Infinite Privilege Concierge’s services; however, you are responsible for the cost of any goods or services (including any related fees or costs) authorized by you and purchased by the Visa Infinite Privilege Concierge on your behalf. All costs will be charged directly to your CIBC Aeroplan Visa Infinite Privilege Card.
21 Insurance coverage(s) included with CIBC credit cards is underwritten by Royal and Sun Alliance Insurance Company of Canada. You may contact the insurer at 1-866-363-3338 Opens your phone app. in Canada and the U.S. or collect from elsewhere at 905-403-3338 Opens your phone app. or visit CIBC Cards Insurance Benefits Opens a new window.. Different cards may 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, review the insurance certificate(s) in your card package and visit CIBC Agreements and Insurance. Some insurance coverage(s) require purchase(s), auto rentals, common carrier fares, accommodations and other trip costs to be charged to the card to activate coverage (other conditions may also apply). Car Rental Collision/Loss Damage Insurance (CLDI) is available for a rental period of up to 48 days for rental cars with a MSRP of up to $85,000 CAD. 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. Out-of-Province Emergency Travel Medical Insurance (TMI) covers the primary cardholder, their spouse and dependent children for the first 31 days of a trip if the insured person is age 64 or under, or for the first 10 days of a trip if the insured person is age 65 or older (dependent children must be at least 15 days old and under 21 years of age or under 25 years of age if a full-time student, unless they have a permanent physical or mental impairment). TMI may not cover medical procedures performed without pre-approval. TMI, Trip Cancellation and Trip Interruption Insurance may not cover certain pre-existing health/medical conditions. Certain coverage(s) are "excess insurance" (all other sources of insurance and recovery must be exhausted before coverage is available).
22 We may withdraw approval if we become aware of any unfavourable information regarding your financial position or account status, or if you are unable to provide any additional information reasonably requested by CIBC. The application response time may take longer than 60 seconds in the event of technology issues. If you supply your email address, an application status email will be sent as soon as the technology issues are resolved. Otherwise, you will receive a response to your credit card application within 7 to 10 business days.
23 CIBC foreign exchange rates apply. Only primary cardholders can use their eligible credit card account to pay for the CIBC Global Money Transfer™ service.
24 CIBC does not charge interest on a CIBC Global Money Transfer appearing on your statement if we receive full payment of the Amount Due (or for a CIBC Global Money Transfer that has been converted to an Installment Plan during that statement period, if we receive payment in full of the Balance) by the payment due date for that statement. Capitalized terms in this footnote have the meanings set out in the CIBC Cardholder Agreement.
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