Clients of CIBC choose from mortgage and unsecured loans, credit cards for different credit profiles, and other products. There are plenty of everyday cards such as CIBC Select Visa, Classic Visa, and Platinum Visa that feature no or low annual fees, authorized spending limits, and other added benefits. The bank offers platinum and standard cards with affordable rates on cash advances and purchases.

There are student cards with airmiles on dining, shopping, hotel stays, and gas purchases. Online tools are available for credit management and travel notifications. Businesses and individual customers are offered international and specialty services, investment tools, credit cards, and other products. Other tools that go with CIBC cards include management tools with personal spend categories, customized categories, custom budgets, and tracking. Customers who try to rebuild credit benefit from secured cards with travel privileges while clients with stellar credit enjoy exclusive benefits.  Customers who opt for travel cards enjoy benefits such as personal and travel concierge, affordable rates, and airline travel rewards.  Holders also earn extra rewards points at participating inns, hotels, spas, and restaurants and there are no hidden costs or fees.  The bank features travel benefits such as online booking tools to book an exotic trip or cruise.

CIBC partners with merchants and hotel chains that offer weekend gateways, tickets for exclusive performances, and travel. Retailers also offer wellness, health, personal care, and other products. Points can be redeemed for accessories and fashion, magazines, digital media, and other items. Items such as bamboo kitchen sets and carbon offsets require less than 10,000 aeroplan miles while items such as electric bikes, laptops, and push mowers require 50,000 to 100,000+ points. There are gift cards for long distance calls, entertainment, and coffee breaks. You can also support charities such as Veterinarians without Borders and Engineers without Borders. CIBC offers premium business cards with no restrictions or blackout dates and travel rewards. Some products combine the features of LOCs and credit cards and feature no annual fees. CIBC also offers investment and wealth management services, day-to-day banking solutions, and other products.

To learn even more about CIBC credit card offers click here.

{ Comments on this entry are closed }

Student Cards Criteria and Requirements

by admin on November 13, 2014

Many issuers offer cards to students who are enrolled full-time and are new to credit. Consumers use student cards to pay for meals, tickets, books, and textbooks.

The main benefit to holding a student card is better purchasing power. Some issuers offer cards with different fees, however, including transaction and processing fees. Some students opt for prepaid credit cards, but most issuers don’t report payments to the major bureaus. Some students also ask their parents to become cosigners. Financial institutions also offer cards that are specially designed for students and feature discounts and promos on school supplies. There are banks that feature student cards with cashback on department store and online purchases. Issuers offer cards to students with fair credit, but applicants with a score below 600 usually require a cosigner. The average credit score is around 670, and students who qualify are offered cashback on gas, restaurant, and other purchases. Students are also offered points that can be deposited in savings accounts. Together with participating retailers, issuers offer presale tickets, VIP packages, travel rewards, and other perks.


Student credit cards are usually offered to consumers who are enrolled in accredited institutions. Banks ask about income and outstanding balances to check the applicant’s debt-to-income ratio. Banks request financial information to assess whether students are able to handle credit responsibly. Financial institutions also inquire about serious delinquencies and bankruptcies. Some banks also require account and sort code number, permanent address during the past three years, and other details. To get approved, students are asked to present proof of residence and valid ID.

Registered, full-time students are offered different types of cards, including unsecured and secured. Those who study in the U.S. may want to apply for an U.S. dollar credit card which helps avoid transaction and other fees. U.S. dollar credit cards are ideal for making reservations and purchases in U.S. dollars. Student cards are often used to pay unexpected expenses, for example, family emergencies, computer breaks, trips to the ER, etc. Students use cards to pay insurance, parking tickets, and other costs.

{ Comments on this entry are closed }

Beneficial Features of Personal Credit Cards

November 6, 2014

Scotiabank offers convenient banking and borrowing tools such as currency and account services, credit cards, and lines of credit. Cards come in different versions, including student, low interest, cashback, and others. Scotiabank features cards by American Express and Visa and offers perks such as travel benefits, special promotions, extended interest-free periods, and many others. Clients […]

Read the full article →

Air Miles Criteria and Approval

November 1, 2014

Issuers such as MBNA, RBC, and other large banks offer air miles and travel credit cards. Travel cards are available to existing and new individual customers and businesses. Customers enjoy premium benefits such as low introductory APR, merchandise and travel rewards, no annual fee, bonus points toward charitable donations, and large spending limits. Specialty cards […]

Read the full article →

Solutions for Individual Borrowers

October 18, 2014

TD Bank offers the full suite of borrowing tools, investments, and banking products for institutional clients, small and large businesses, and individual customers. Individual and business clients are offered lines of credit, commercial mortgages, and small business financing. Toronto-Dominion offers consumer cards with airmiles and rewards, cash rebates, and free additional cards. Customers redeem their […]

Read the full article →

BMO Cards with Loyalty Programs and Tailored Benefits

October 11, 2014

BMO offers a wealth of financial products to existing and new customers, including travel and financial planning services, investment vehicles, loans, LOCs, and credit cards. Credit cards are of several types, standard, affinity, and rewards cards with points toward charitable donations, theatre and events tickets, products, and more. Loyalty Programs The Bank of Montreal features […]

Read the full article →

Options for Individual Customers

October 8, 2014

Financial institutions in Canada accept applications by residents and citizens of the age of majority. Banks are unlikely to approve your application if you have late payments. The interest rate offered depends on your credit rating. Some banks require a minimum annual income of $20,000 while others require a total income, including spousal and own […]

Read the full article →

Types of Debt Instruments

September 20, 2014

People who have gone through some major event such as loss of job, prolonged illness, or divorce usually apply for a secured credit card. To this, borrowers are advised to make sure the card issuer reports to all credit reporting agencies. If they do not report, the borrower has lost a key benefit. As a […]

Read the full article →

Financial Institutions Feature Prepaid Cards for Improved Spending Control and Flexibility

September 15, 2014

Issuers offer different prepaid options, including incentive cards, payroll cards, and general purpose cards. Customers use their cards at malls, fast food restaurants, stores, and other locations. Issuers offer both standard and specialty cards that can be funded automatically. They are offered by American Express, MasterCard, Discover, and Visa and can be used to book […]

Read the full article →

Requirements for Credit and Products Available

September 5, 2014

Capital One offers flexible and affordable financial products, including used and new vehicle loans, mortgages, small business and personal accounts, and credit cards. There are secured and unsecured cards for customers with different income levels and credit rating. Capital One Credit Cards The bank requires that customers provide their social insurance number to run a […]

Read the full article →