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Pay off large or unplanned purchases at a lower interest rate
Whether it's completing home renovations, planning your next trip, or dealing with something unexpected, manage your cash flow and get the things you need. With CIBC Pace It, you can pay off eligible large credit card purchases with Installment Plans at lower interest rates — no credit checks or approvals required. Convert your eligible purchases online, and pay at the pace that works for you.
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, with no additional credit checks required. Continue to earn rewards on purchases you've converted.
Manage on your own
Set up Installment Plans in 3 simple steps through CIBC Online Banking® or the CIBC Mobile Banking® App. No enrollment or approval needed.
$100
monthly payments at 5.99%
monthly payments at 7.99%
1.50%
of purchase amount
How do I qualify?
- You're the primary cardholder of an eligible CIBC credit card that's in good standing
- You're registered for CIBC Online or Mobile Banking
- You have a qualifying purchase on your eligible CIBC credit card labelled "Eligible for Installments"
- You've reached the age of majority in your province or territory Learn about the age of majority. Opens in a dialog.
- You haven't declared bankruptcy within the last 7 years and you meet the other CIBC credit card eligibility requirements
Don't have a CIBC credit card? Apply for one today. Explore credit cards.
Get special rates with CIBC Pace It™ Installment Plans on Costco purchases
With a CIBC Costco®† Mastercard® you can take advantage of special Installment Plan interest rates with no installment fees on eligible Costco purchases in Canada and at Costco.ca Opens in a new window..

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

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

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.
Choose a CIBC Pace It plan
Your Installment Plan details
Estimated monthly payment (including interest):
One Time Installment Fee:
$0.00Estimated total amount:
$0.00Estimated amount of less interest you'd pay if paid over the period selected at 20.99%:
$0.00All dollar values are in Canadian dollars.
Estimated total calculation assumes the monthly Installment Plan payments are made on the statement payment due date. If you pay a One Time Installment Fee, the total includes this fee.
Estimated less interest paid calculation assumes you make equal monthly payments at an annual interest rate of 20.99% over the same period as the Installment Plan option you select. If you pay a One Time Installment Fee on the Installment Plan, the calculation includes this 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 tips and resources, visit manage my card.
Paying off Installment Plans
Changing, transferring and cancelling your Installment Plans
Installment Plans and CIBC Payment Protector™ Insurance2
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