** To qualify for this offer, you must apply on CIBC.com. Offer applies to the CIBC Dividend Visa* Card (an “Eligible Card”). The CIBC Dividend Visa* Card for Students is not included in the offer. If you apply and are approved for an Eligible Card between May 10, 2016 and July 29, 2016, you can receive 0% for up to 10 months on any balances transferred (the “Offer”), if the below criteria are met:
A. the Balance Transfer must be processed by CIBC between May 10, 2016 and July 29, 2016;
B. your CIBC credit card account (“Account”) must be in good standing at the time the Balance Transfer is processed; and
C. the Balance Transfer amount must be $1 or more. Otherwise, the regular annual interest rate for cash advances will apply to the Balance Transfer amount. If the Balance Transfer amount exceeds the approved credit limit determined at the point of credit adjudication, it will not be processed.
The Offer applies until the last day of your March 2017 monthly statement. The promotional interest rate is charged on Balance Transfer amounts from the date they are posted to your Account. 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.
A fee of 2% ("Fee") of the Balance Transfer amount will be charged to your Account when the Balance Transfer amount is posted to your Account. If the Balance Transfer amounts plus the Fee exceeds the approved credit limit, you will be charged an Overlimit Fee of $29.If you do not pay off your Account 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.
If you do not pay your minimum payment by the payment due date in any month 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, the regular annual interest rate for cash advances will apply to any remaining Balance Transfer amounts.
Payments will be applied to your Account as set out in the "Application of Payments" section of your CIBC Cardholder Agreement. You cannot choose to apply your payments to your regular annual interest rate amount and leave your promotional interest rate Balance Transfer amount outstanding. If you make a payment greater than your minimum monthly payment amount, the excess amount is allocated to your regular annual interest rate amounts and your promotional interest rate Balance Transfer amount in the proportion that each represents of the remaining balance. For example, if you have a regular annual interest rate purchase amount of $800 and a promotional interest rate Balance Transfer amount of $200, 80% of your payment will be allocated to your regular annual interest purchase amount and 20% will be allocated to your promotional interest rate Balance Transfer amount.
If there are two or more promotional interest rate Balance Transfer amounts with the same promotional interest rate, your payment will be allocated to those Balance Transfer amounts in the reverse order that they were posted to the Account, starting with the Balance Transfer amount that was last posted to the Account. For example, if promotional interest rate Balance Transfer amounts with the same promotional interest rate are posted to your Account in January, February and March of any year, your payment will first be allocated to the Balance Transfer amount posted in March, then to the Balance Transfer amount posted in February and lastly, to the Balance Transfer amount posted in January of the same year.
Interest on the Balance Transfer amount may be charged on both your 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 and we are unable to assist you with merchant disputes in respect of those transactions for which you have used a Convenience Cheque as the method of payment.
1 Cash back is earned on Card purchases, less returns, only, and is credited on your December Card statement. For cash back rates and other details, select the card image.
2 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, see www.cibc.com/ca/credit-card/agreements-insurance.html and the insurance certificate(s) in your card package. Some insurance(s) require purchases, auto rentals, common carrier fares and other trip costs to be charged to the card to activate coverage (other conditions may also apply). Auto Rental Collision/Loss Damage Insurance (CLDI) is for rentals up to 48 days; and 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 car rental companies may assess their damages at an amount greater than the ACV of the rental vehicle and you may be liable to the car rental company for the difference. Therefore, before declining the car rental company's CDW or LDW, you should read carefully and compare the terms of the car 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 is for the first 15 days of a trip; primary cardholder must be age 64 or under; if they are, then their spouse also may be insured if age 64 or under, and dependent children; this insurance does not cover certain pre-existing medical conditions. Certain RSA coverages are “excess insurance” (all other sources of insurance and recovery must be exhausted before benefits are available). For more information, call RSA toll-free at 1-866-363-3338 in Canada, continental U.S. and Hawaii or collect from elsewhere at 905-403-3338.
3 Interest rates will change from time to time on at least 30 days prior notice to primary cardholders. "Cash" means cash advances, balance transfers and Convenience Cheques.