† Offer available only at the time of application. You can qualify for this offer if you apply and are approved beginning March 14, 2022.
A one-time annual fee rebate for you (the primary cardholder). This offer applies for the first year only. 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.
This offer may be withdrawn or changed without prior notice at any time. CIBC may, in its sole discretion, disqualify, limit or revoke this offer if you are believed to be abusing or manipulating it, or engaging in any suspicious or fraudulent activity.
‡ If you apply and are approved for a new CIBC Select Visa Card, you can receive 0% interest for up to 10 statement periods from the date of application on any balances transferred if: your account is in good standing at the time the balance transfer is processed and the balance transfer amount is at least $1. Otherwise, the regular annual interest rate for cash advances will apply to the balance transfer amount. If the balance transfer amounts exceed your approved credit limit determined by CIBC at the point of credit application, it will not be processed. Once you take advantage of this offer, you will have a promotional rate balance on your account. As a result, you will lose your interest-free grace period on new purchases unless you pay your entire balance, including any promotional rate balances, in full each month. While you will enjoy the promotional rate on the balances that you add by using this offer, new purchases will be subject to interest.
If you do not pay your Required Payment by the payment due date in any 2 consecutive months during the promotional period, you will lose the benefit of this promotional interest rate offer and, effective the first day of the next monthly statement period after the second consecutive missed Required Payment, the regular annual interest rate for cash advances will apply to any remaining balance transfer amounts. For residents outside of Quebec: A Required Payment means the sum of interest, fees and any past due amount plus up to $10 based on your amount due. Any annual fee is excluded from this calculation. If your balance is under $10, that lesser amount is your Required Payment. For Quebec residents: A Required Payment means any past due amount plus the greater of your percent of amount due or $10. If your balance is under $10, that lesser amount is your Required Payment.
For all clients other than Quebec residents, your Required Payment means:
a) any interest (excluding Installment Plan interest); plus
b) fees (excluding the annual fee); plus
c) any past due amount; plus
d) the lesser of either $10, or your Amount Due minus a) to c).
For Quebec residents, Required Payment means any past due amount plus the greater of your Percent of Amount Due (defined below) or $10.
For all clients including Quebec residents, if your Balance excluding Installment Plans is under $10, that lesser amount is your Required Payment.
Balance transfers are processed in Canadian dollars and cannot be converted to other currencies.
The promotional interest rate is charged on balance transfer amounts from the date they are posted to your account until the end of the offer period stated on your Summary of Rates and Fees. Your Summary of Rates and Fees and CIBC Cardholder Agreement will arrive in your welcome package. After the promotional period, any remaining balance transfer amounts will be charged interest at the regular annual interest rate for cash advances, until the amount is repaid in full. During the promotional period, the regular annual interest rate for purchases will apply to purchase transactions and the regular annual interest rate for cash advances will apply to balance transfer(s) that do not qualify for the promotional interest rate. For more information on how interest is calculated, please refer to your CIBC Cardholder Agreement.
A fee of 1% of the balance transfer amount will be charged to your account when the balance transfer amount is posted. If you do not pay off your balance in full by the due date, interest will be charged on the fee at the regular annual interest rate for purchases from the date the fee is posted to your account.
You will not be approved for a balance transfer amount that exceeds your assigned cash limit or is greater than 50% of your assigned credit limit.
If a balance transfer amount plus the balance transfer fee results in you exceeding your available credit or available cash limit, we may not approve the balance transfer, and may charge you a dishonoured balance transfer fee, or we may honour the balance transfer at the regular annual interest rate for cash advances and charge you any applicable overlimit fees. See your Summary of Rates and Fees. No partial balance transfer amount will be applied.
Payments will be applied to your account as set out in the "Application of Payments" section of your CIBC Cardholder Agreement and as set out in these terms and conditions. You cannot choose to apply your payments to your regular annual interest rate balances and leave your promotional interest rate balance transfer balances outstanding. For personal cardholders only: If you make a payment greater than your minimum payment, the excess amount is allocated to your regular annual interest rate balances and your promotional interest rate balance transfer balances in the proportion that each represents the remaining balance. For example, if you have a regular annual interest rate purchase balance of $800 and a promotional interest rate balance transfer of $200, 80% of your payment will be allocated to your regular annual interest purchase balances and 20% will be allocated to your promotional interest rate balance transfer balances. If there are two or more promotional interest rate balance transfers with the same promotional interest rate, the excess amount allocated to your promotional interest rate balance transfers will be allocated to those balance transfer balances based on the expiry date of the promotional offer, starting with the promotional interest rate offer that will expire first. For example, if your account has promotional interest rate balance transfers with the same promotional interest rate that will expire in January, February and March in the same year, then that portion of your excess amount will first be allocated to the balance transfer that will expire in January, then to the balance transfer amount that will expire in February and, lastly, to the balance transfer that will expire in March.
Interest on the balance transfer amount may be charged on both your CIBC account and the non-CIBC account(s) from which you are transferring a balance until the transferred amount is credited to the non-CIBC account(s). You are responsible for any payments due on the non-CIBC account(s) from which you are transferring a balance. Balance transfer(s) do not result in the cancellation of your non-CIBC account(s). Balance transfers cannot be used to make a payment on any other CIBC credit card or loan product and do not qualify to earn loyalty points, rebates or cash back rewards. You cannot dispute balance transfer transactions.
Promotional interest rate offer is available on select credit card accounts and is not transferable.
We may make changes to these terms and conditions at any time with or without prior notice unless advance notice is required by law. CIBC may notify you of such changes by sending a notice in accordance to the terms of your CIBC Cardholder Agreement.
✦You will save three cents ($0.03) per litre at the time of your purchase if you present your Journie Rewards card or app and use your linked CIBC card to pay. Available at participating locations on any grade of gasoline or diesel up to 100 litres per transaction. To get the discount, you must be enrolled in and use CIBC Online Banking® or the CIBC Mobile Banking® App to link your eligible CIBC card(s) to Journie Rewards. Card linking may take up to two (2) business days. To participate in this offer, you must have a CIBC debit card or personal credit card issued by CIBC. All Simplii cards are excluded. Please see cibc.com/journie for full program terms and conditions.
Once your Journie Rewards account has reached three hundred (300) Journie Points, you will automatically save an additional seven cents ($0.07) per litre on your next fuel purchase transaction made within 30 days, up to a maximum of 100 litres. Once you pass 300 points, your balance will reset and start counting toward 300 points and your next seven cents ($0.07) fuel discount. See journie.ca Opens in your new window. for more details.
Participating locations include select retail Pioneer, Fas Gas, Ultramar and Chevron branded gas stations in Canada. For a full list of participating stations, visit journie.ca/destinations Opens in your new window..
1 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 included insurance(s), 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(s) require purchases, common carrier fares and other trip costs to be charged to the card to activate coverage (other conditions may also apply). 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 905-403-3338 Opens your phone app.. You can also visit cibccentre.rsagroup.caOpens a new window in your browser..
2 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.
3 CIBC Emergency Travel Medical Insurance is underwritten by Co-operators Life Insurance Company. This product is administered by Allianz Global Assistance, which is a registered business name of AZGA Service Canada Inc. and AZGA Insurance Agency Canada Ltd. For more information call CIBC Travel Insurance at 1-800-281-9109 Opens your phone app..
4 CIBC Payment Protector Insurance for Credit Cards is optional creditor’s group insurance underwritten by Canadian Premier Life Insurance Company under a group policy issued to CIBC as group policyholder.
5 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.
All information is valid at the time of publication and is subject to change without notice.
6 CIBC foreign exchange rates apply. Only primary cardholders can use their eligible credit card account to pay for the CIBC Global Money Transfer™ service.
7 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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