We may also receive compensation if you click on certain links posted on our site. Terms apply. The CIBC Dividend Platinum® Visa* Card stands out as one of the best credit cards for earning cash back on gas and groceries, with a 4% cash back rate in both those categories. The other cards on this list, such as the Tangerine Money-Back card offer a lower-tier option if you think you’re ready for unsecured credit (no cash deposit). Cardholders earn 2% cash back on eligible grocery purchases† and  up to 1% cash back on everything else†. Get a 2.99% introductory rate on balance transfers and a 0% balance transfer fee for the first 6 months. Earn 5x the BMO Points for every $1 spent on groceries, dining in and out, drugstore purchases, gas and travel. A no fee, cash back credit card with bonus rewards on groceries, the CIBC Dividend Visa provides cash back rewards on every purchase. After giving that some thought we recommend reading this list of the best CIBC credit cards in each category and choosing based on which card offers the features you need. Plus, get the annual fee of $120 waived in the first year. The new Aeroplan credit cards by TD, CIBC, and American Express will be launching in conjunction with the new Aeroplan program on November 8, 2020.. Current cardholders will have been informed about their upcoming card transitions, while prospective cardholders will be carefully assessing the value proposition of each card to decide whether they’re interested in signing up coming … CIBC—the Canadian Imperial Bank of Commerce—is one of the “Big Five” banks in Canada, providing the full spectrum of financial services and products to people around the country. You can use your points to pay back your credit card balance or spend the points on merchandise through the online CIBC store. Plus it has the added advantages of SPC membership (normally $10 per year) and cardholders can register for a chance to win up to $35,000 in tuition. Find the best Aeroplan card for you and apply today. Let us help you choose the best travel rewards credit card for you. Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening). Finder is committed to editorial independence. Plus, get the $20 annual fee waived in the first year. It would appear that in addition to gas and groceries the 4% cash back applies to these purchases as well or do they have another way to pull out gas and groceries from the others? CIBC appears to be one of the few banks where students are actually given preferential treatment; the welcome bonus that comes with this student version of the Dividend card makes the card slightly better than the regular version; with the regular version it can take up to $5,000 in spending to earn that $25 in cash back. Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Earn 3 Membership Rewards points for every $1 spent on eligible business essentials including office supplies, electronics, rides, gas, eats and drinks (up to an annual earn of 75,000 Membership Rewards), and earn 1 Membership Reward point for every $1 spent on all other eligible purchases, Earn up to 42,000 Membership Rewards points in your first year. Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties and 2 points on all other spend. If you have a balance on your CIBC credit card, interest will be calculated daily and charged monthly. Thanks for the great comment. New cardholders will also earn a 10.99% introductory interest rate on all purchases until August 2021†. Visa isn’t in the business of leaving any loopholes open, so don’t get excited quite yet! Get a bonus of 15,000 BMO Rewards points. Earn up to 15,000 Welcome Bonus Aeroplan points and a bonus Buddy Pass as a new cardmember. It’s important to note that most credit cards have a higher interest rate on cash advances; the CIBC card with the most favourable interest rate for cash advances is the CIBC Select® Visa*. Click here to apply for the CIBC Dividend® Visa* Card for Students. How can I increase my CIBC credit card limit? Choosing the right CIBC credit card can be daunting, because there are typically multiple options for each card type. Earn a Welcome Bonus of 2,400 AIR MILES when you spend at least $3,000 in eligible purchases within the first three months. Earn up to 30,000 bonus Scotia Rewards points (up to a $300 travel value) in your first year. Earn up to 65,000 Welcome Bonus Aeroplan points and a $100 Statement Credit as a new cardmember. While it doesn’t offer the absolute lowest interest rates in Canada, its rates are at least respectably low, and it’s a particularly good fit for those who are partial to CIBC and Visa over other card issuers and networks. You’ll earn 1 Aeroplan Mile for every $1.50 you spend on your card along with double the rewards at over 150 Aeroplan partners. Choose the best CIBC credit card for your small business. While we receive compensation when you click links to partners, they do not influence our content. You can close your CIBC credit card account via Online Banking, by calling the bank or visiting a teller in person at a branch. For every $1 in GM Earnings, you’ll get $1 off the purchase price or lease of a new GM, Chevrolet, Buick, GMC or Cadillac. Alternatively, you can check your balances and statements online through the secure CIBC website or via the mobile app. Earn 1 Scotia Reward point for every $1 spent on eligible purchases. Our guide covers the different types of CIBC credit cards offered, as well as the features and benefits of all those cards. CIBC offers a variety of other products including bank accounts, mortgages, investment accounts, savings and borrowing options, insurance, business solutions and financial advice. Get 1 BMO Reward point for every $1 spent on eligible purchases, and get 2 BMO Rewards points for every $1 spent at participating National Car Rental and Alamo Rent A Car locations. The CIBC Smart Plus Account has a $29.95 monthly fee that is waived when you keep a minimum daily closing balance of … Though it has the same complex cash back structure as the regular Dividend® Visa* Card, it also comes with a few added benefits, like $30 in cash back after your first purchase. Which card and company will you recommend to me. Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). No cap. Earn 1 Air Mile on every $10 spent on eligible purchases. The card’s combined travel value is particularly notable given its low minimum annual household income requirement of $15,000; travel credit cards of this caliber usually require a $60K minimum annual income or more. Other great options are a secured credit card, because they lose the student-only designation, and allow you to adjust your credit limit by depositing with the bank. Do you currently have a credit card balance subject to high interest rates? The minimum annual income required for this card is $60,000 (personal) or $100,000 (household). Medical, dental, optometry, law, veterinary and pharmacy students get this offer when they bundle a credit card with a CIBC Professional Edge Student Line of Credit. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Furthermore, you can download the CIBC app for your smartphone and access your accounts via your phone. Though it might not have the absolute lowest interest rates in the market as a whole, the CIBC Select Visa* Card is nonetheless a solid low interest card overall, and a good option for those who’ve had positive experiences with CIBC previously and are dead set on applying for a CIBC card. Alternatively, you can download the CIBC app for your smartphone and log in to your online banking that way. From cashback rewards cards to business and student cards, there are plenty of different choices. Best CIBC Rewards Credit Cards in Canada. But like most things, it's far from perfect. We may also receive compensation if you click on certain links posted on our site. Get 1.5% cash back at participating Shell locations in Canada (up to a maximum spend of $2,500 in any monthly billing period), and get 0.5% cash back everywhere else. When we put together our best credit card list for the year, only one RBC credit card came in a top spot, and that was for the best U.S. Dollar credit card category. Only professional students †† get access to exclusive premium travel and cash back credit cards with no proof of income required. Terms apply, In your first year as a new Cobalt Cardmember, earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). Plus, earn a total of 10x the points for every $1 spent on eligible purchases made at Amazon.ca (up to $500) in your first 3 months of Cardmembership (, $0 annual fee for the first year ($150 thereafter). Our expert articles and videos cover every topic under the financial sun, including credit cards, credit scores, loans, bank accounts, budgeting, investing, RSPs, TFSAs, GICs, taxes, and more. How do I get a new one? Can I withdraw cash from my CIBC credit card? Your dream vacation may be closer than you think. Earn 2 Points for every $1 spent on eligible dining or entertainment purchases. Terms apply, Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership. Send us an email at, Subscribe to our newsletter and get our updates straight to your inbox, Copyright © 2020 Greedyrates.ca. Though the CIBC Dividend® Visa* Card is the most appealing no annual fee card among the CIBC card suite, it’s not super competitive with other top no annual fee cards pound for pound, and its cash back structure is a bit complicated. Save money on US exchange rates and currency conversion fees with the CIBC US Dollar Aventura Gold Visa Card, 901 King Street West Suite 400 Click here to apply or learn more by reading our complete CIBC Dividend Platinum® Visa* Card review. Take advantage of a low annual fee, with no credit check and guaranteed approval once you secure your card with some funds. Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent). Click here to apply or learn more by reading our complete CIBC Select Visa* Card review. Get 3x the AIR MILES for every $25 spent at Sobeys and eligible AIR MILES partners, and get 1 AIR MILE for every $25 spent elsewhere. A 1% fee applies to balance amounts transferred. We may receive compensation from our partners for placement of their products or services. How to Switch From a Secured To an Unsecured Credit Card, How to Increase Your Credit Card’s Limit. In 2019, our app earned the highest ranking in J.D Power's Canada Credit Card Mobile App Satisfaction Study and the highest score in Forrester's The Forrester Banking Wave™: Canadian Mobile Apps, Q2 report. Receive an annual fee rebate with a minimum yearly spend of US$1,000. Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases, Earn 1 AIR MILE for every $5 spent on eligible food, drink, gas and transit purchases (up to an annual spend of $30,000), and earn 1 AIR MILE for every $10 spent on all other eligible purchases (and after the $30,000 annual spend). Earn 3 points for every $1 spent on eligible purchases made directly with Air Canada and Air Canada Vacations, 2 points for every $1 spent on eligible hotels and car rentals, and 1 point for every $1 spent elsewhere. Earn 3 BMO Rewards points for every $1 you spend on gas, office supplies, cell phone bills and internet bills, and earn 1.5 BMO Rewards points for every $1 you spend elsewhere. Get 10% cash back on gas, office supplies, cell phone bills and internet bills for 3 months. Earn 1 AIR MILE for every $10 spent on purchases at eligible stand-alone grocery stores, gas stations and drugs stores in Canada, as well as eligible AIR MILES partners, and earn 1 AIR MILE for every $15 spent on all other eligible purchases elsewhere. We recommend that you start by checking out our list of the best credit cards in Canada, which might open your eyes to some great cards that you weren’t previously aware of. Earn 1 Mile per $15 spent on all eligible purchases. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. The CIBC Dividend Platinum® Visa* Card stands out as one of the best credit cards for earning cash back on gas and groceries, with a 4% cash back rate in both those categories. Earn cash back on your purchases with CIBC cash back credit cards. Get a 7.99% introductory interest rate on all eligible purchases for the first 6 months. 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Earn a bonus of up to 2,000 AIR MILES. 3.99% for the first 9 months (then 12.99%), 1.95% for the first 6 months (then 19.95%), 1.99% for the first 9 months (then 22.99%), 0.99% for the first 6 months (then 12.99%), 2.99% for the first 6 months (then 22.99%). Visit the CIBC Rewards Centre Opens in a new window. Earn 10% cash back on all eligible purchases (up to $400 in cash back) for the first four months of Cardmembership. Earn 3 Membership Rewards points for every $1 spent on eligible dining in Canada, 2 Membership Rewards points for every $1 spent on eligible travel purchases as well as hotel and car rental bookings made with American Express Travel, and earn 1 Membership Reward point for every $1 spent on all other eligible purchases. We looked in the fine print for the card and the 4.00% is applied to purchases “classified by the credit card network as grocery stores or service stations/automated gas dispensers.” There’s no mention of retail, so we believe that you might be mistaken. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Get low interest and a high credit limit when you spend money on your line of credit with this business credit card. But if you’re willing to compromise on that front, we suggest exploring other options. Apply now for the best CIBC cash back card for you. Earn 5% in GM Earnings on all eligible purchases on the first $5,000 annual spend, and 2% in GM Earnings on all eligible purchases thereafter. Our rewards credit card comparison chart matches the best rewards credit cards in Canada to suit your needs. Thanks for coming to GreedyRates, we’ll definitely help you out. Earn 2% cash back on all eligible purchases. Be ready to submit some personal information like your date of birth, address, and annual income. This one will earn 2% in two categories of your choice, and even help you save! This means you can manage your account, pay bills, send transfers to other accounts in Canada and overseas, request a credit limit increase or apply for another CIBC product at any time online or via the mobile app. Earn 1.5% cash back on all eligible purchases. Plus, get a rate of 1.99% on balance transfers for 9 months, with a 1% fee for every transferred balance. Maximize your return when you buy groceries or fill up on gas. You can also earn Aeroplan Miles and Tim Hortons cash, which you can redeem for money off. Plus, earn 1% cash back for the first 6 months on all eligible purchases. Earn 2.5% cash back on all eligible purchases in your first three months (up to a maximum spend of $6,000, or $150 in cash back). Earn a Welcome Bonus of 3,000 AIR MILES when you spend at least $1,500 in eligible purchases within the first three months. You need to be a student to get one, so actually, they’re intended for you! Help manage expenses, earn travel rewards on select cards, and give your company room to grow with the right credit. Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Balance transfer credit cards can help you consolidate your debt onto one card and save you money with the lowest interest rates. If you’re a student with low income and no credit, then one of the many SPC (Student Price Card) cards out there will be a perfect fit, as they don’t consider your credit rating and offer a ton of low-price discounts to cardholders. That product offering includes a wide variety of credit cards in most card categories, like travel rewards, cash back, low interest, student, business, and more. Earn 1 Scotia Rewards point for every $1 spent on eligible purchases. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Terms apply, Receive 50,000 bonus Marriott Bonvoy™ points when you charge $1,500 in the first three months of card membership. You can receive paper copies of your statement in the mail or opt for electronic statements. When your purchases total US$1,000 or more in a year, the next year's annual fee (US$35) is rebated to your card. With the CIBC Dividend Visa Infinite Card, the cash back rewards are endless – especially if you use your credit card mostly for gas and groceries. Card holders get an unlimited 2% back up to 3 categories of spending and 0.50% on everything else. I am new to Canada and I am s student. Earn airport experiences and travel benefits with a CIBC Aeroplan credit card. If you have a CIBC credit card, you can access your account, including any debit or investment accounts, through CIBC Online Banking. Typical interest rates sit between 19.99% and 27.99%. Get 3 BMO Rewards points per $1 spent on eligible travel, dining and entertainment purchases (up to $50,000 spend annually), and get 2 BMO Rewards points per $1 spent on all other eligible purchases (and once you reach the $50,000 annual spend). If you have a good credit score and are willing to pay the annual fee, you can most likely qualify for it regardless of your income, which is very rare among travel credit cards at this level. Get 3% cash back per $1 spent at Shells stations, 1.25% cash back on all other spend. Earn 2x the points on eligible purchases made directly with Air Canada and Air Canada vacations, 1.5x the points on eligible dining and food delivery purchases and 1x the points on everything else. Here's a lowdown on this card, and a few alternatives to consider. My CIBC credit card is about to expire.

best cibc credit card

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