1 Offer is subject to credit adjudication. You understand that CIBC will conduct a credit check as a part of this application. CIBC reserves the right to withdraw this offer at anytime if any unfavourable change in your financial position or account status has occurred recently or occurs after you accept this offer. Offer does not apply to individuals who have not reached the age of majority in their province/territory of residence or to current CIBC Dividend Visa* Card cardholders.
2 The 2% cash back offer (the “Dividend Visa Offer”) is available to cardholders who applied and were approved for a CIBC Dividend Visa Card between November 1, 2017 and December 31, 2017 (the “Offer Period”). The Dividend Visa Offer applies on all net purchases made during your first 4 monthly statement periods beginning from your account open date or $5,000 in total purchases (equal to $100 cash back), whichever comes first. Regular cash back rate(s) do not apply to purchases to which the Promotional Rate(s) apply. Cash back is earned on purchases less returns and credits. Non-purchase transactions like interest, fees, and balance transfers do not earn cash back. The cash back is accumulated each month and will appear on your statement no later than the month after it is earned. Cash back is awarded at the end of the year as a credit on the December statement. 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. These offers are not transferable and cannot be combined with any other offer. These offers do not apply to transfers from another credit card account. These offers may be withdrawn or changed without prior notice at any time. CIBC may, in its sole discretion, disqualify, limit or revoke this offer if you are believed to be abusing or manipulating it, or engaging in any suspicious or fraudulent activity.
3 Cash back is earned on a tiered basis on card purchases less returns and not on cash advances, interest, fees, balance transfers, payments or CIBC Convenience Cheques. Cash back is calculated as follows: on the first $6,000 in net annual card purchases excluding grocery on your account, the cash back earned is 0.5%; on amounts greater than $6,000 in net annual purchases excluding grocery the cash back earned is 1%.
Earn 2% cash back on purchases (less returns) at merchants classified by the credit card network as grocery stores. All other purchases earn cash back at the regular tiered rate. The 2% cash back offer is only available on the first $6,000 in net annual card purchases at grocery merchants on your account; after that, net card purchases at grocery merchants will earn cash back at 1%. The $6,000 limit will reset to zero after the day your December statement is printed. Terms, conditions and eligible merchant categories may change without notice. Deductions of cash back for returns are made at the earn rate applicable at the time the return occurs. 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. The 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. 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.
4 Insurance coverage(s) included with CIBC credit cards are underwritten by Royal & Sun Alliance Insurance Company of Canada (RSA). Different cards will have different coverage(s). To learn about which coverage(s) are included with a specific card, and important information regarding coverage eligibility requirements, benefits, limitations and exclusions, see cibc.com/ca/credit-card/agreements-insurance.html and the insurance certificate(s) in your card package. Some insurance coverage(s) require purchases, auto rentals, common carrier fares, hotel/motel and other trip costs to be charged to the card to activate coverage. Other conditions may also apply. Auto Rental Collision/Loss Damage Insurance (CLDI) is available for automobile rentals of up to 48 days for rental vehicles with a MSRP up to $65,000. The full cost of the rental must be charged to the card and the rental agency’s Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) must be declined. CLDI provides coverage up to the actual cash value (ACV) of the rental vehicle as defined in your insurance certificate. Note that some rental agencies may assess their damages at an amount greater than the ACV of the rental vehicle and you may be liable to them for the difference. Before declining the rental agency’s CDW or LDW, you should read carefully and compare the terms of the rental agreement, the CLDI insurance certificate in your card package and any other insurance you own to decide which coverage best meets your protection needs. Certain RSA coverages are “excess insurance” (all other sources of insurance and recovery must be exhausted before coverage is available). For more information, call RSA toll-free at 1 866 363‑3338 in Canada, continental U.S. and Hawaii or collect from elsewhere at 905 403‑3338.
5 The CIBC Dividend® Visa* Card (if you qualify) comes with an annual interest rate of 22.99% for Cash and 19.99% for Purchases. Interest rates may change from time to time with at least 30 days prior notice to primary cardholders. “Purchase” means card purchases less returns and does not include: cash advances, interest, fees, balance transfers, payments, CIBC Convenience Cheques.“Cash” means cash advances, balance transfers and Convenience Cheques. Please refer to the document, “CIBC Credit Card Summary of Annual Interest Rates and Fees” for more details.