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 for a temporary time, 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 The offer may be withdrawn or changed by CIBC at any time without any further notice.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 for a temporary time on all CIBC Pace It™ Installment Plans created during the offer period. The offer may be withdrawn or changed without notice at any time. CIBC may, in our 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.
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.