Pay off large or unplanned purchases at a lower interest rate

Whether it's replacing old appliances, completing home renovations, or dealing with something unexpected, manage your cash flow and get the things you need, now. 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 or Mobile Banking®. No enrollment or approval needed.

CIBC Pace It at a glance


monthly payments at 5.99%
monthly payments at 6.99%
monthly 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 with the Installment Plan option you select. The calculation includes the One Time Installment Fee.

Once you set up an Installment Plan, the minimum payment due on your credit card will increase by your monthly installment payment amount.

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

Your CIBC Pace It questions answered

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