† Get up to $1,200 in value is a combination of: i) 12 monthly account fees rebated for a value up to $179.40 ($14.95 per month) for unlimited transactions using a CIBC Smart™ Account for Newcomers; ii) $99 one-time annual fee rebate in annual fees for the CIBC Dividend Platinum® Visa* Card, for the primary cardholder (includes one-time annual fee rebates for 3 additional authorized users); iii) $288 annual cash back value assumes grocery and gas purchases of $800 per month; iv) $60 in value based on the purchase of a safety deposit box; v) $290 annual value assumes 12 money transfer transactions (based on $20 per transfer at money transfer service provider), includes $50 for your first CIBC Global Money Transfer™; vi) $300 in value when opening and using a CIBC Smart™ Account for Newcomers, accounts must be opened between February 5, 2021, at 12:01 am ET to July 29, 2021, at 11:59 pm ET with qualifying criteria completed within two (2) months of opening the account.
‡ No purchase necessary. Open January 15, 2021 to July 31, 2021 to legal residents of Canada who are eighteen (18) years of age or older and hold or have held at some point since July 31, 2016 one of the following visa types: student visa, work visa, permanent residence visa, business immigrant visa, express entry visa; OR have become a legal Canadian resident for the first time after January 15, 2016. Grand prize of $20,000. Odds of winning depend on the number of eligible entries received. Math skill test required. Full contest rules (PDF, 175 KB) Opens in a new window..
◇ Offer begins on February 5, 2021, at 12:01 am ET and ends on July 29, 2021, at 11:59 pm ET. Offer available to Canadian residents who have reached the age of majority and who are not holders or joint holders of a CIBC chequing account. To qualify, open a CIBC Smart™ Account for Newcomers or CIBC Smart™ Plus Account and provide your email address. Within 2 months of opening the account, complete 2 of the following 3 activities: (i) at least 1 recurring direct deposit; (ii) at least 2 different recurring pre-authorized debits; (iii) at least 2 online bill payments of at least $50 each. The direct deposit and the pre-authorized debit must remain in effect for at least 2 consecutive months. Offer cannot be combined with any other offer, reward or rebate unless otherwise indicated. The cash reward will be deposited into your account seven (7) months after you have opened the account. Other conditions apply; review the terms and conditions (PDF, 135 KB) Opens in a new window..
†† The CIBC Smart™ Account for Newcomers is offered to those who have received landed immigrant status in the last 5 years. Monthly account fee is rebated for one year after which regular monthly account fees apply without notice.
Maximum savings amount based on the monthly account fee for CIBC Smart™ Account for Newcomers of up to $14.95, rebated for one year (12-month time period) reflects a value of $179.40.
◊◊ This offer applies to the following Eligible Card: CIBC Dividend Platinum® Visa* Card. You can qualify for this offer if you apply and are approved for a new eligible card beginning on February 1, 2021.
A one-time annual fee rebate for you (the primary cardholder). 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.
Offer applies to newly approved card accounts only; transfers from an existing CIBC credit card to a 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.
✦ Cash back accumulated each month on a CIBC Dividend Platinum® Visa* Card (annual value of $288 assumes grocery and gas purchases of $800 per month) beginning with the January statement and ending with the December statement.
If you apply and are approved for a new eligible card, you will receive 10% cash back on the net purchases posted to your account within the first 4 monthly statement periods or $2,000 in total net purchases (equal to $200 cash back), whichever comes first.
Regular cash back rate(s) do not apply on purchases on which the promotional rate of 10% applies. Cash back is earned on purchases less returns and credits. For this offer the following do not qualify as purchases: cash advances, CIBC Global Money Transfers, interest, fees, balance transfers, payments or CIBC Convenience Cheques. The cash back is accumulated each month and will appear on your statement no later than the month after it is earned.
Earn 3% cash back on purchases (less returns) at merchants classified by the credit card network as (i) grocery stores and supermarkets or (ii) gas service stations and automated fuel dispensers. Earn 2% cash back on purchases (less returns) at merchants classified by the credit card network as (i) local and suburban commuter transportation in Canada including subway, streetcar, taxi, limousine and ride sharing services (excludes merchants that may be classified as travel services or travel bookings such as air transport, car rentals and cruises), (ii) eating places and restaurants, drinking places and fast food restaurants, or (iii) recurring payments that are pre-authorized with a merchant to occur on a regular schedule (e.g. daily, monthly or annually) and classified by the merchant as recurring. All other purchases earn 1% cash back. The 3% 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 grocery stores, supermarkets, gas service stations and automated fuel dispensers, commuter transportation, eating and drinking places and restaurants or on recurring payments on your account, whichever comes first; after that, net card purchases at all merchants, including grocery stores, supermarkets, gas service stations and automated fuel dispensers, commuter transportation, eating and drinking places and restaurants or on recurring payments will earn cash back at the regular rate of 1%. The $80,000 limit and the $20,000 limit will reset to zero after the day your December statement is printed. Terms, conditions and eligible merchant/merchant categories may change without notice. Cash back is earned on card purchases less returns and not on cash advances, CIBC Global Money Transfers, 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. We may make special offers, including offers to earn cash back on CIBC Global Money Transfers, which may be for a limited period and contain additional terms and conditions.
The cash back is accumulated each month, beginning with the January statement and ending with the December statement. Only Primary Cardholders are permitted to make a cash back redemption. Authorized Users are not eligible to redeem cash back dollars. The Primary Cardholder may redeem cash back at any time during the year provided they have a minimum cash back balance of $25 at the time the redemption request is made. The minimum cash back redemption amount is $25. Cash back will be credited to the Primary Cardholder’s account within 5 days of the date the redemption request is made. Any cash back amount that is not redeemed by the Primary Cardholder by the last day of the period covered by your December statement will be automatically redeemed, resulting in your cash back balance being reset to zero, and applied as a credit on your next statement, or, in limited circumstances, at such other time as may be permitted by CIBC. CIBC is not required to credit your account with cash back earned during a monthly statement period if your credit card account is not open and in good standing at any time during a monthly statement period. Credit card account must also be open and in good standing at the time the cash back is redeemed.
Offer applies to newly approved card accounts only; transfers from an existing CIBC credit card to a 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.
✧ Saving up to $240 for 12 money transfer transactions based on a transfer fee of $20 per transfer (the typical money transfer fee at money transfer services) versus paying no transfer fees when you use CIBC Global Money Transfer™ service. You may also get $50 CA after you complete your first CIBC Global Money Transfer™ and use the promo code GMT50. CIBC may cancel or change the offer at any time without notice.
◆ Offer available for mortgage loans for first-time home buyers, mortgage loans for new purchase, mortgage loans transferred in to CIBC from another financial institution and funded within 120 days of application date.
Mortgage loan must have a principal amount of $100,000 or more and be either a CIBC Fixed-Rate Closed Mortgage loan with a term of 3 years or more or a CIBC Variable Flex Mortgage loan and mortgage must fund within 120 days of application date. You must have a personal CIBC chequing account and pre-authorized mortgage payments must come from a CIBC account. Qualifying clients will receive $3,000 on a mortgage loan amount of $750,000 or more, $2,000 on a mortgage loan of $500,000 to 749,999, $1,200 on a mortgage loan of $300,000 to $499,999, or $1,000 on a mortgage loan of $100,000 to $299,999. Cash back will be deposited in the personal CIBC chequing account 6 to 8 weeks after funding. Other conditions and restrictions apply. Ask us for details. Offer ends February 28, 2021. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.
If you have an eligible high ratio mortgage, you may also qualify for a special low rate. Talk to us to find out how.
§ If you have a CIBC personal bank account, like a savings, chequing or a personal line of credit, but haven’t yet tried CIBC Global Money Transfer™ (“GMT”), request a GMT transfer and you’ll receive $50 CA in your CIBC account in 4 to 6 weeks.
If you don’t have a CIBC personal bank account, open a new CIBC personal bank account, like a savings, chequing or a personal line of credit, and make a CIBC Global Money Transfer™ within 60 days after the account opening and you will receive $50 CA in your new account in 4 to 6 weeks. CIBC may cancel or change the offer at any time without notice.
All CIBC credit cards, except for U.S. Dollar and Business credit cards, are eligible cards that can be used to pay for the CIBC Global Money Transfer™ service.
1 Cash back on the purchase of a safety deposit box ($60 value).
This offer applies only to new Safety Deposit Boxes (where available), rented to those Newcomers who also open a new CIBC Smart™ Account for Newcomers. The prorated annual Safety Deposit Box fee plus taxes is due when the Safety Deposit Box is first rented; the regular annual Safety Deposit Box fee plus taxes will be collected in January of each year. The customer will be reimbursed the cost of a small Safety Deposit Box rental (up to $60 plus tax) into their CIBC Smart™ Account for Newcomers within approximately one to four weeks of the box being rented.
This cannot be combined with any other Safety Deposit Box offer.
2 CIBC foreign exchange rates apply. A CIBC Global Money Transfer™ and a Foreign Exchange transaction counts towards your allowable transaction limit, bank account transaction fees may apply. Must have a CIBC chequing account, savings account, eligible credit card or personal line of credit account to send a CIBC Global Money Transfer™. Most transfers are completed within 1 to 3 business days. Only primary credit card cardholders can use their eligible credit card account to pay for the CIBC Global Money Transfer™ service.
Read the CIBC Global Money Transfer Agreement (PDF, 135 KB) Opens in a new window..
3 The additional $1.50 service fee is waived for sending Interac e-Transfer® transactions. Each Interac e-Transfer® transaction you send counts as a transaction for calculating your monthly fee. Maximum dollar amount applies for Interac e-Transfer® transactions.
4 A transaction includes everyday banking transactions such as cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. For CIBC eAdvantage® Savings Accounts, a transaction does not include transfers to your other CIBC bank account(s) using the transfer function on CIBC Online Banking®, CIBC Mobile Banking®, CIBC Telephone Banking and at CIBC ATMs. For all accounts, transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (registered and non-registered) are free. "CIBC-branded” means any brand that has CIBC in its name and is offered by CIBC or its Canadian affiliates (and does not include CIBC Bank USA). Additional fee(s) apply to wire payments, withdrawals from non-CIBC bank machines, Interac e-Transfer® transactions and transactions in foreign currency (including cheques written in currencies other than the account currency).
5 Entire monthly fee is rebated if you maintain a minimum end of day balance of $3,000 each day and a recurring direct deposit or 2 pre-authorized payments each month in this account. For details, review the CIBC Smart Account fee rebate terms and conditions, part of the Personal Account Service Fees (PDF, 195 KB) Opens in a new window..
6 Interest rates will change from time to time on at least 30 days prior notice to the primary cardholder. "Purchase" means card purchases less returns and does not include: cash advances, interest, fees, balance transfers, payments and CIBC Convenience Cheques. "Cash" means cash advances, balance transfer and CIBC Convenience Cheques.
7 Cash advances do not earn cash back. Cash advances bear interest from the date they are taken from your credit card account and are subject to available credit and available cash.
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