Fit large or unexpected purchases into your budget

Whether it's home renovations or replacing old appliances, buy the things you've been saving up for now. CIBC Pace It lets you pay for eligible credit card purchases that are $250 and over with an Installment Plan. Convert your eligible purchases online.

Easily budget your spending

Pay off big purchases in monthly installments at a lower interest rate.

Enjoy greater flexibility

Create multiple Installment Plans within your credit limit. Continue to earn rewards on purchases you've converted.

Manage on your own

Set up Installment Plans in 3 simple steps through CIBC Online or Mobile Banking®. No enrollment or approval needed.

CIBC Pace It at a glance



payments at 5.99%

payments at 6.99%
payments at 7.99%

of purchase amount

How do I qualify?

How to set up a CIBC Pace It Installment Plan

If you have an eligible CIBC credit card, create an Installment Plan through CIBC Online or Mobile Banking.

Step 1 of 3

Choose an eligible purchase

Sign on and review your credit card transaction history. Choose a purchase with an "Eligible for Installments" label.

Step 2 of 3

Pick an Installment Option

Review the Installment Plan options, including your monthly payment and the One Time Installment Fee. Choose the plan that works best for you.

Step 3 of 3

Create your CIBC Pace It Installment

Review and agree to the terms and conditions. Confirm to create the Installment Plan. Your Installment Plan may take 2 to 3 business days to process.

Calculate your monthly Installment Plan payments

Enter the purchase amount and choose the number of payments you'd like to make. We'll tell you how much your monthly installments will be.

Choose a CIBC Pace It plan


Select an Installment Plan

Your Installment Plan details


Estimated monthly payment (including interest):

One Time Installment Fee:


Estimated total amount:


Estimated savings if paid over the period selected at 19.99%:


All dollar values are in Canadian dollars.

Estimated total calculation assumes the monthly Installment Plan payments are made on the statement payment due date. The total includes the One Time Installment Fee.

Estimated savings calculation assumes you make equal, monthly payments at an annual interest rate of 19.99% over the same period as the Installment Plan option you select. The calculation includes the One Time Installment Fee.

Your minimum payment due on your credit card will increase by your monthly installment payment amount once you create an Installment Plan.

For more credit card resources and tools, visit manage your card.

Frequently asked questions

Setting up Installment Plans and how they work

Paying off Installment Plans

Changing, transferring and cancelling your Installment Plans

Installment Plans and CIBC Payment Protector™ Insurance1