CIBC Cash Back Cards
Flexible no-fee and premium options. Cash back on groceries, gas, dining, and everyday spend. Redeem rewards anytime once you reach $10. Annual fees may vary.
CIBC’s cash back credit card line-up caters to a variety of Canadian lifestyles, making everyday purchases more rewarding. Whether you prefer no-fee cards or want premium perks, there’s a CIBC option to suit your needs. Earn cash back on fuel, groceries, dining, and more, with easy redemption right when your balance reaches $10. Typical interest rates range from 19.99% to 21.99% for purchases, and a variety of cards means credit limits may vary depending on your eligibility and credit profile. For premium cards, some annual fees apply, but additional benefits like exclusive insurance and higher earn rates can offset the cost for regular spenders.
Application Steps
- Determine which CIBC cash back card fits your lifestyle and spending habits.
- Gather personal information and employment details for your application.
- Apply online directly via the CIBC website—the process is quick, typically finished in 10 minutes.
- Submit the application and await a prompt decision, often within minutes.
- Upon approval, expect your new card by mail and activate it to start earning rewards.
Advantages
CIBC cash back cards stand out for their flexible redemption. You don’t need to wait until the end of the year—redeem when you hit $10. Additionally, categories like groceries and gas offer higher cash back, maximizing value for typical Canadian households. Secondary benefits may include mobile device insurance or discounts at partner merchants.
Disadvantages
While premium cards offer higher rewards, the annual fee may not be justified unless you consistently spend in top categories. Some cards, like the Costco Mastercard, require a Costco membership, limiting appeal for non-members. Cash back rates on some categories may be lower compared to competitors.
Final Verdict
CIBC cash back credit cards are a solid choice for Canadians looking to earn rewards on their daily spending. With a mix of no-fee and premium cards, there’s an option for everyone. Frequent grocery or fuel buyers can particularly benefit, but review your spending patterns and calculate if the perks outweigh the costs before applying.
