CIBC
Enjoy up to 4% cash back on top categories, $0-$120 annual fees, and flexible redemption. CIBC offers credit limits to match most budgets. Earn rewards for daily spending!
CIBC offers a range of cash back credit cards tailored for Canadian consumers, including options for students and businesses. Interest rates generally start at 21.99% for purchases. Annual fees vary from $0 to $120 depending on the card, and credit limits are set upon approval based on eligibility. Some cards are specific to Costco members, offering extra rewards for using the card at Costco and its partners.
How to Apply for a CIBC Cash Back Card
- Decide which cash back card suits your lifestyle and spending needs.
- Gather your identification, income, and employment information before starting.
- Visit the CIBC website and select your chosen card.
- Complete the online application with accurate personal and financial details.
- Wait for a decision, which may be instant or take a few business days.
Key Advantages
One of the major pros of CIBC cash back cards is competitive earning rates, up to 4% on essentials like gas and groceries. Rewards never expire and can be redeemed flexibly through online or mobile banking once thresholds are met.
Many cards come with attractive perks such as insurance coverage, extended warranties, and even exclusive benefits for students, making them accessible across multiple demographics.
Considerations and Drawbacks
Annual fees are applicable on premium cards and may offset rewards if your spending is low. Interest rates are standard for Canadian banks, but carrying a balance can diminish the benefits.
Costco-branded cards require membership, which limits their appeal to those already shopping at Costco locations.
Our Verdict
CIBC’s cash back cards deliver solid rewards, flexible redemption, and extra perks. They’re best for cardholders who pay in full monthly and seek reliable, everyday rewards. It’s important to compare card features to ensure the best match for your personal or business use.
