∆ CIBC Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on your CIBC Variable-Rate line of credit will change whenever CIBC Prime varies.
1 Approval subject to applicants meeting CIBC’s normal lending criteria. Credit limit determined by CIBC, in its sole discretion. Part time students are eligible for reduced credit limits determined by CIBC. Qualified guarantor may be required. Ongoing access to your Professional Edge Student PLC and annual credit limit increases (if applicable) subject to proof of enrolment, a continued good payment history and credit record, and a satisfactory cash flow analysis, determined by CIBC in its sole discretion. Certain conditions and restrictions apply. Products and their features may change at any time.
2 A “Transaction” means cheques, withdrawals, pre-authorized payments, bill payments and debit purchases. Fees apply to all withdrawals at bank machines not displaying the CIBC name or logo.
3 Underwritten by The Canada Life Assurance Company. A detailed summary of the terms, conditions, limitations, exclusions and other provisions are contained in your Certificate of Insurance, which you receive upon enrolment.
4 Credit card application approval is subject to regular student credit card application lending guidelines. Offer not available to existing CIBC cardholders. Other conditions may apply.