^◊◊ NO PURCHASE NECESSARY. Open January 1, 2018 to December 31, 2018 to legal residents of Canada who are sixteen (16) years of age or older and are current students of an accredited Canadian university, college or secondary school. Grand prize of $35,000 CAD. Odds of winning depend on number of eligible entries received. Math skill test required. Refer to Student Life Network for contest detailsOpens a new window in your browser. Read full contest rules (PDF, 340 KB) .

^‡ Offer available only at the time of application. You must apply and be approved between March 1, 2019 and June 30, 2019 to qualify for this offer.

If you qualify and are approved, you can receive 0% interest for up to 10 statement periods from the date of application on any balances transferred if: your account is in good standing at the time the balance transfer is processed AND the balance transfer amount is at least $1. Otherwise, the regular annual interest rate for cash advances will apply to the balance transfer amount. If the balance transfer amounts exceed your approved credit limit determined by CIBC at the point of credit application, it will not be processed. Once you take advantage of this offer, you will have a promotional rate balance on your account. As a result, you will lose your interest-free grace period on new purchases unless you pay your entire balance, including any promotional rate balances, in full each month. While you will enjoy the promotional rate on the balances that you add by using this offer, new purchases will be subject to interest.

If you do not pay your required payment by the payment due date in any month during the promotional period, you will lose the benefit of this promotional interest rate offer and, effective the first day of the next monthly statement period, the regular annual interest rate for cash advances will apply to any remaining balance transfer amounts.

Balance transfers are processed in Canadian dollars and cannot be converted to other currencies.

The promotional interest rate is charged on balance transfer amounts from the date they are posted to your account until the end of the offer period stated on your Summary of Rates and Fees. Your Summary of Rates and Fees and CIBC Cardholder Agreement will arrive in your welcome package. After the promotional period, any remaining balance transfer amounts will be charged interest at the regular annual interest rate for cash advances, until the amount is repaid in full. During the promotional period, the regular annual interest rate for purchases will apply to purchase transactions and the regular annual interest rate for cash advances will apply to balance transfer(s) that do not qualify for the promotional interest rate. For more information on how interest is calculated, please refer to your CIBC Cardholder Agreement.

A fee of 1% of the balance transfer amount will be charged to your account when the balance transfer amount is posted. If you do not pay off your balance in full by the due date, interest will be charged on the fee at the regular annual interest rate for purchases from the date the fee is posted to your account.

You will not be approved for a balance transfer amount that exceeds your assigned cash limit or is greater than 50% of your assigned credit limit.

If a balance transfer amount plus the balance transfer fee results in you exceeding your available credit or available cash limit, we may not approve the balance transfer, and may charge you a dishonoured balance transfer fee, or we may honour the balance transfer at the regular annual interest rate for cash advances and charge you an applicable overlimit fees. See your Summary of Rates and Fees. No partial balance transfer amount will be applied.

Payments will be applied to your account as set out in the "Application of Payments" section of your CIBC Cardholder Agreement and these terms and conditions. You cannot choose to apply your payments to your regular annual interest rate balances and leave your promotional interest rate balance transfer balances outstanding. For personal cardholders only: If you make a payment greater than your minimum payment, the excess amount is allocated to your regular annual interest rate balances and your promotional interest rate balance transfer balances in the proportion that each represents of the remaining balance. For example, if you have a regular annual interest rate purchase balance of $800 and a promotional interest rate balance transfer of $200, 80% of your payment will be allocated to your regular annual interest purchase balances and 20% will be allocated to your promotional interest rate balance transfer balances. If there are two or more promotional interest rate balance transfers with the same promotional interest rate, the excess amount allocated to your promotional interest rate balance transfers will be allocated to those balance transfer balances based on the expiry date of the promotional offer, starting with the promotional interest rate offer that will expire first. For example, if your account has promotional interest rate balance transfers with the same promotional interest rate that will expire in January, February and March in the same year, then that portion of your excess amount will first be allocated to the balance transfer that will expire in January, then to the balance transfer amount that will expire in February and, lastly, to the balance transfer that will expire in March.

Interest on the balance transfer amount may be charged on both your CIBC account and the non-CIBC account(s) from which you are transferring a balance until the transferred amount is credited to the non-CIBC account(s). You are responsible for any payments due on the non-CIBC account(s) from which you are transferring a balance. Balance transfer(s) do not result in the cancellation of your non-CIBC account(s). Balance transfers cannot be used to make a payment on any other CIBC credit card or loan product and do not qualify to earn loyalty points, rebates or cash back rewards. You cannot dispute balance transfer transactions.

Promotional interest rate offer is available on select credit card accounts and is not transferable.

We may make changes to these terms and conditions at any time with or without prior notice unless advance notice is required by law. CIBC may notify you of such changes by sending a notice in accordance to the terms of your CIBC Cardholder Agreement.

This offer may be withdrawn or changed without prior notice at any time. CIBC may, in its sole discretion, disqualify, limit or revoke this offer if you are believed to be abusing or manipulating it, or engaging in any suspicious or fraudulent activity.

¹ Cash back is earned on a tiered basis on card purchases less returns and not on cash advances, interest, fees, balance transfers, payments or CIBC Convenience Cheques. Cash back is calculated as follows: on the first $6,000 in net annual card purchases excluding grocery on your account, the cash back earned is 0.5%; on amounts greater than $6,000 in net annual purchases excluding grocery the cash back earned is 1%. Earn 2% cash back on purchases (less returns) at merchants classified by the credit card network as grocery stores. All other purchases earn cash back at the regular tiered rate. The 2% cash back offer is only available on the first $6,000 in net annual card purchases at grocery merchants on your account; after that, net card purchases at grocery merchants will earn cash back at 1%. The $6,000 limit will reset to zero after the day your December statement is printed. Terms, conditions and eligible merchant categories may change without notice. Deductions of cash back for returns are made at the earn rate applicable at the time the return occurs. Credits for returns made on your account may result in a deduction of cash back at a higher earn rate, even though the return may relate to a purchase that earned cash back at a lower rate.

² The rewards calculator tool is only for general illustration purposes; your actual results may differ. Aeroplan Miles, Aventura Points, cash back and Tim Cash are earned on card purchases less returns, and not on cash advances, interest, fees, balance transfers, payments, regular CIBC Convenience Cheques, Aeroplan Mile and Aventura Point redemptions (as applicable). For the Aerogold Visa Infinite Card, the Aventura Visa Infinite Card and the Aerogold Visa Card, 50% more Aeroplan Miles or Aventura Points on gas, grocery and drugstore card purchases is only available on the first $80,000 in net annual card purchases on your account (meaning all card purchases by all cardholders, at any type of merchant); after that net card purchases at grocery, drugstore and gas merchants will earn Aeroplan Miles or Aventura Points at the regular rate. For the Aerogold Visa Infinite Privilege Card, 50% more Aeroplan Miles on gas, grocery and drugstore card purchases is only available on the first $100,000 in net annual card purchases on your account (meaning all card purchases by all cardholders, at any type of merchant); after that net card purchases at grocery, drugstore and gas merchants will earn Aeroplan Miles or Aventura Points at the regular rate. For CIBC cash back credit cards, cash back is earned on a tiered basis and is dependent upon the net annual dollar amount spent on the card over the year to date. For details about earning and redeeming rewards, the Welcome Bonus and other card benefits, including terms and conditions, review the benefit guides found here.

³ Insurance coverage(s) included with CIBC credit cards are underwritten by Royal & Sun Alliance Insurance Company of Canada (RSA). Different cards will have different coverage(s). To learn about which coverage(s) are included with a specific card, and important information regarding coverage eligibility requirements, benefits, limitations and exclusions, see our Agreements and Insurance page and the insurance certificate(s) in your card package. Some insurance coverage(s) require purchase(s), auto rentals, common carrier fares, hotel/motel and other trip costs to be charged to the card to activate coverage. Other conditions may also apply. Certain RSA coverages are "excess insurance" (all other sources of insurance and recovery must be exhausted before coverage is available). For more information, call RSA toll-free at 1-866-363-3338 in Canada, continental U.S. and Hawaii or collect from elsewhere at 905-403-3338.

⁴ Interest rates will change from time to time on at least 30 days prior notice to the primary cardholder. "Purchase" means card purchases less returns and does not include: cash advances, interest, fees, balance transfers, payments and CIBC Convenience Cheques. "Cash" means cash advances, balance transfers and CIBC Convenience Cheques.

⁵ The cash back is accumulated each month, beginning with the January Visa statement, and awarded at the end of the year as a credit on the December statement. Credit card account must be open and in good standing at the time the cash back is awarded. Cash back will be credited to the primary cardholder's account.

⁶ CIBC Emergency Travel Medical Insurance is underwritten by Co-operators Life Insurance Company. This product is administered by Allianz Global Assistance, which is a registered business name of AZGA Service Canada Inc. and AZGA Insurance Agency Canada Ltd. For more information call CIBC Travel Insurance at 1-800-281-9109.

⁷ CIBC Payment Protector Insurance for Credit Cards is optional creditor’s group insurance underwritten by Canadian Premier Life Insurance Company (Canadian Premier Life) under a group policy issued to CIBC as group policyholder. The insurance is administered by Canadian Premier Life and CIBC. CIBC receives fees from Canadian Premier Life for providing services to Canadian Premier Life regarding this insurance. Also, the risk under the group insurance policy may be reinsured, in whole or in part, to a reinsurer affiliated with CIBC. The reinsurer affiliated with CIBC may earn reinsurance income under this arrangement. Representatives promoting this insurance on behalf of CIBC may receive compensation. This insurance is subject to eligibility conditions, limitations and exclusions (which are circumstances when benefits are limited or not paid), including pre-existing medical and health condition exclusions. These and other terms are described in the Certificate of Insurance for CIBC Payment Protector Insurance for Credit Cards (PDF, 190 KB)Opens a new tab in your browser  you receive upon enrollment. Products and their features may change at any time. The information in these pages is general only. In case of discrepancy between the information and examples provided on these pages and your Certificate of Insurance, your Certificate of Insurance prevails.

⁸ We may withdraw approval if we become aware of any unfavourable information regarding your financial position or account status, or if you are unable to provide any additional information reasonably requested by CIBC. The application response time may take longer than 60 seconds in the event of technology issues. If you supply your email address, an application status email will be sent as soon as the technology issues are resolved. Otherwise, you will receive a response to your credit card application within 7 to 10 business days.