CIBC Pace It™ Installment Plans allow primary cardholders to convert posted eligible credit card Transaction(s) to monthly installment payments (including interest on the purchase amount) over a fixed term. CIBC will identify posted Transactions that are eligible to be converted to an Installment Plan through CIBC Online and Mobile Banking. When you create an installment plan you will choose the payment term (in months) with a corresponding annual interest rate. 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 credit cards and eligible transactions. CIBC Pace It is not available to Quebec residents.
For more details, refer to the CIBC Pace It Installment Plans Terms and Conditions (PDF, 150 KB) Opens a new window in your browser..
♦ The minimum purchase amount of $100 is valid until June 30, 2020, after which the minimum purchase amount may be increased back to $250. The offer may be withdrawn or changed by CIBC at any time without any further notice.
♦♦ The fee rebate offer is valid on all CIBC Pace It™ Installment Plans created during the offer period from April 1, 2020 through June 30, 2020. The offer may be withdrawn or changed without notice at any time. CIBC may, in its sole discretion, revoke this offer if you are believed to be manipulating or abusing it, or engaging in any suspicious or fraudulent activity
The fee rebate offer is valid on all CIBC Pace It™ Installment Plans created during the offer period, provided that the Installment Plan(s) is/are active and the credit card account is open at the time of processing the rebate. If you qualify, the rebate(s) of the Installment set-up fee(s) will be credited to your credit card statement within 90 days of the installment plan being set up.
† This offer applies to the following Eligible Cards: CIBC Dividend® Visa Infinite* Card and CIBC Dividend Platinum® Visa* Card.
You can qualify for this offer if you apply and are approved for a new eligible card between March 2, 2020 and July 5, 2020.
Offer applies to newly approved card accounts only; transfers from an existing CIBC credit card to a CIBC Dividend® Visa Infinite* Card and CIBC Dividend Platinum® Visa* Card are excluded. This offer is not transferable. This offer may be withdrawn or changed without prior notice at any time.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.
‡ Earn 4% cash back on purchases (less returns) at merchants classified by the credit card network as grocery stores, service stations or automated gas dispensers. Earn 2% cash back on purchases (less returns) at merchants identified as Tim Hortons or TELUS merchants by the merchant payment terminal. Some Tim Hortons or TELUS locations may be identified as other merchants by the merchant payment terminal. All other purchases earn 1% cash back. The 4% and 2% cash back offers are only available on the first $80,000 in net annual card purchases (meaning all card purchases by all cardholders, at any type of merchant) or $20,000 on gas, grocery, Tim Hortons or TELUS purchases on your account, whichever comes first; after that, net card purchases at all merchants, including grocery stores, service stations and automatic gas dispensers, Tim Hortons or TELUS will earn cash back at the regular rate of 1%. The $80,000 limit and the $20,000 limit will reset to 0 after the day your December statement is printed. Terms, conditions and eligible merchant or merchant categories may change without notice. Cash back is earned on card purchases less returns and not on cash advances, interest, fees, balance transfers, payments and regular CIBC Convenience Cheques. Credits for returns made on your account may result in a deduction of cash back at a higher earn rate, even though the return may relate to a purchase that earned cash back at a lower rate. Cash back is accumulated each month, beginning with the January Visa* statement, and awarded at the end of the year as a credit on the December statement or, in limited circumstances, at such other time as may be permitted by CIBC. Credit card account must be open and in good standing at the time the cash back is awarded. Cash back will be credited to the primary cardholder’s account.
◊ A one-time annual fee rebate for you (the primary cardholder) and up to three authorized users added at the time of the application. This offer does not apply to annual fees for authorized users that are added after you submit your application. This offer applies for the first year only. If your application for an eligible card is not approved, you may be considered for another card (as disclosed in your credit card application). If you are approved for that card, this annual fee rebate offer will apply in the amount of the annual fee, if any, of the alternate card. 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.
1 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.