CIBC Credit Cards

by John_S on November 19, 2011

CIBC offers to its clients personal and business banking services, from bank accounts to insurance and investment products, mortgages, lines of credit and loans, and a variety of credit cards. The bank features credit cards intended for business owners as well as personal credit cards for clients from every walk of life. Clients of the Canadian Imperial Bank of Commerce can choose from everyday cards, student credit cards, reward and travel credit cards, and business credit cards, among others.

CIBC Student Credit Cards

Persons who look for Canadian Imperial Bank of Commerce credit cards for students can check the CIBC Classic Visa Card for Students. There is no minimal income requirement to apply for this card. It is offered with a 19.99 percent interest rate, applicable to purchases, 21.50 percent interest rate on balance transfers, convenience checks, and cash advances, and no annual fee. This card is a good fit for students who need a credit card for day-to-day purchases and are enrolled full-time in a recognized higher institution of learning (university or college). It is featured with a variety of benefits, among which Personal Spend Manager, which allows cardholders to develop spend categories and monitor and manage the ones that are important to them. Another feature is the Online Spend Report, giving cardholders a comprehensive view of their card-related spending and allowing them to establish customized budgets. Spend Alerts are yet another beneficial feature available through the online banking service of CIBC. Clients can choose to get notifications by online message, email, or phone once they are nearing their credit limit or upon having exceeded their customized budget. Credit Report Alerts and Fraud Alerts are also available. Credit Report Alerts allow cardholders to stay up-to-date regarding unusual activity on their credit files and important changes to their credit reports.

CIBC Cashback Credit Cards

Clients of CIBC who prefer to use a cashback credit card can choose from three options. The CIBC Dividend Card is offered to customers who have an annual household income of $15,000 or more. The card goes with a 21.50 percent interest on convenience checks, cash advances, and balance transfers and 19.5 percent on purchases. There is no annual fee, and cardholders can request up to three additional cards at no added cost. This card earns 1 percent cash back on net purchases charged to the card. Additional benefits include common carrier accident insurance, purchase protection through reimbursement, repairs, and replacement on most purchases charged to the card. Cardholders also get up to 20 percent discount when shopping at participating AVIS stores. The CIBC Dividend Visa Infinite Card is another option for clients looking for Imperial Bank of Commerce credit cards with cash back. The same interest rates apply as those offered with the CIBC Dividend Card, and it is featured with no annual fee. This card is a good choice for persons who want to earn cash back and need a card for travel, unexpected emergencies, and day-to-day shopping. Annual purchases over $3,000 earn 1 percent cashback. Optional features are also offered with the card, including trip interruption and trip cancelation insurance, CIBC Payment Protector, and emergency travel medical insurance. Emergency card replacement is available. Another of the CIBC credit cards with cash back is the CIBC Dividend Unlimited World MasterCard. This credit card earns two percent cashback and is offered with comprehensive travel and purchase protection. The annual fee is set at $79. Additional 2 percent cashback can be earned by shopping at participating CIBC Bonus Rewards retailers, inns, hotels, spas, and golf courses. The card also earns additional three percent cashback at participating high-end restaurants. Out of province emergency travel medical insurance, purchase security insurance, trip interruption insurance, and extended warranty are also offered. The card is featured with emergency replacement and guaranteed hotel reservations.

Two other Canadian Imperial Bank of Commerce credit cards to choose from are the CIBC Dividend One MasterCard and CIBC Dividend Platinum MasterCard. The CIBC Dividend One MasterCard goes with no annual fee, up to three supplementary cards at no added cost, and interest rate of 19.99 percent. Purchases charged to the card earn one percent cashback. It is a chip-enabled card, featured with guaranteed hotel reservations, flight delay and baggage insurance, car rental discounts, and more.  The CIBC Dividend Platinum MasterCard earns 2 percent cash back or the amount of up to $735 a year. The annual fee is $75. Persons who apply for this card should have a minimum household income of $30,000. The card goes with AVIS rental car discounts, emergency card replacement, and Auto Rental Collision / Loss Damage Insurance, among others.

CIBC Reward Credit Cards

Clients of the Imperial Bank of Commerce who prefer to use rewards credit cards can choose from a number of such cards on offer. Among the CIBC credit cards offered with rewards is CIBC Aventura. Likely applicants are persons with a minimum combined household income of $120,000 or a minimum personal income of $70,000. The interest rate on purchases is 19.99 percent, the annual fee is $120, and supplementary cards cost $50 a year. Clients can request up to three additional cards. One dollar spent on purchases earns one Aventura point.  Every dollar spent at drugstores, gas stations and grocery stores earns 1.5 Aventura points. Points can be redeemed for lifestyle rewards, gift cards, and a selection of merchandise. The CIBC Aerogold Visa Infinite Card earns 1.5 reward points for every $1 in purchases at grocery stores, gas stations, and drug stores. Clients receive a bonus of 15,000 points with the first purchase. The interest rate is set at 19.99 percent on purchases, additional cards cost $50 a year, and the annual fee is $120. Likely applicants are persons with a combined household income of $100,000 or over or  a minimum personal income of $60,000 a year. Customers who look for Canadian Imperial Bank of Commerce credit cards with rewards can also check the CIBC Aero Classic Visa Card, going with an annual fee of $29, up to three free supplementary cards, and interest rate of 19.99 percent. A minimum combined household income of $15,000 is required. The card earns one reward point for every two dollars in purchases. It is featured with Visa payWave, emergency card replacement, common carrier accident insurance, and more.

Other reward cards to look into are the CIBC Aerogold Visa Card and CIBC PETRO-POINTS Master Card, among others. The CIBC Aerogold Visa Card gives cardholders access to every seat on Jazz and Air Canada, including Executive First and Executive Class. Cardholders earn 1.5 bonus points for every $1 spent on gas, groceries, and at drug stores. The card also earns 1.5 points for every $1 spent at Fairmont Hotels and Resorts around the world. The minimum required household income is $15,000, and the interest rate is set at 19.99 percent. The annual fee is $120, and additional cards cost $50 a year. Clients can request up to three supplementary cards. Added benefits include common carrier accident insurance, guaranteed hotel reservations, emergency card replacement, and more. The card also goes with flight delay and baggage insurance for delayed, damaged, stolen, or lost checked baggage.

The CIBC Aventura Visa Infinite Card is another reward credit card, featured with Bonus Aventura Points. The card earns 1.5 points for every $1 spent at grocery stores, gas stations and drug stores. Points can be redeemed for a variety of travel options. Clients can choose from tour packages, cruise lines, car rental agencies, hotels, and more. Cardholders can also choose from more than one hundred airlines, and there are no fees, blackout periods, or restrictions. All other purchases earn one Aventura point, and a welcome bonus of 15,000 is offered with the first purchase. Likely applicants for this card have a minimum household income of $100,000 or a personal income of at least $60,000. The card goes with an annual fee of $120, $50 for additional cards, and 19.99 percent interest rate. Additional benefits that go with this card include trip interruption insurance, out of province travel medical insurance, and others. Identity theft assistance, enhanced monthly statements, and fraud and credit report alerts are also offered. Clients enjoy guaranteed hotel reservations, and emergency card replacement is available.

CIBC Auto and Gas Credit Cards

Persons who prefer to use an auto and gas credit card may check the CIBC PETRO-POINTS Master Card. It goes with a 19.99 percent interest rate, zero annual fee, and up to 3 free supplementary cards. The minimum required household income is $15,000. Buying one litre of fuel from Petro-Canada stations saves 2 cents. A welcome bonus of 15,000 points is offered with the first purchase. Another credit card to look into is the CIBC Driver’s Edge World MasterCard Card. Cardholders earn a 2 percent rebate on every $1 charged to the credit card at hotels, spas, inns, retail stores, and restaurants. Other participating Bonus Rewards establishments are golf courses and extra rewards restaurants, including Irish Embassy Pub and Grill, Woodhill Garden Center, Terra Catering, and others. Rebates can go toward the lease or purchase of any eligible vehicle. An additional rebate of three percent is offered for using the card at select high-end restaurants. This card goes with a 19.99 percent interest rate, and additional benefits include flight delay and baggage insurance, common carrier accident insurance, and more.

CIBC No Annual Fee Credit Cards

The bank offers the CIBC Dividend Visa Infinite Card to clients who prefer to use a credit card with no annual fee. Applicants should have a minimum household income of at least $15,000. This card is featured with no annual fee and 19.50 percent interest on purchases. Cardholders can request 3 supplementary cards free-of-charge. Additional benefits include Spend Alerts, enhanced monthly statements, and identity theft assistance, among others. Identity theft assistance gives cardholders access to clear instructions and guidance in case they suspect they have become a victim of identity theft. Cash advances are offered in the amount of up to $1,000 a day. Other added benefits include guaranteed hotel reservations, personalized convenience checks free-of-charge, and emergency card replacement. Another credit card offered with no annual fee is the CIBC Dividend One MasterCard.

CIBC Low Interest Credit Cards

The CIBC Select Visa Card is one option for clients who look for Canadian Imperial Bank of Commerce credit cards with low interest. The card goes with a 11.99 percent interest on cash advances, purchases, convenience checks, and balance transfers. The minimum required household income is $15,000. Additional benefits include AVIS car rental discounts, guaranteed hotel reservations, emergency card replacement, and more.

CIBC Business Credit Cards

To its business clients, the Canadian Imperial Bank of Commerce offers two business cards – the CIBC bizline VISA Card and the CIBC Aerogold VISA Card for Business. The CIBC bizline VISA Card is offered with no annual fee, minimum credit limit of $5,000, interest rate as low as the CIBC prime rate plus 1.5 percent and up to nine free supplementary cards. The grace period is at least 21 days. Cardholders can access cash in three ways: through ATMs, bizline cheques, and their VISA card. The CIBC Aerogold VISA Card for Business is another option, featured with a $5,000 minimum credit limit, annual fee of $180, and interest rate as low as 10.8 percent. Additional cards cost $50 a year, and cardholders can request up to nine additional cards. Every dollar in purchases earns one bonus point.

CIBC US Dollar Credit Cards

Clients who want to use a US dollar credit card may check the CIBC US Dollar Visa Card. It is offered with an annual fee of $35 USD, 19.99 percent interest rate on purchases, and three free additional cards. The minimum required household income is $15,000. This card is a good choice for persons who travel to the USA frequently, saving them fees, charges, and foreign exchange conversions.

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