CIBC Bank Review
On the merger of two banks namely "The Canadian Bank of Commerce" and "The Imperial Bank of Canada" The Canadian Imperial Bank of Commerce (CIBC) came into being in the year 1875. It is one of the leading Banks of Canada and it is headquartered in Toronto, Ontario. Its business line encompasses two segments: personal banking and business services.
The Personal Banking Services include Everyday Banking, Borrowing, Investing, Financial Advice, and Insurance. The Business Services include Commercial & Corporate Banking services, and CIBC Small Business Services
CIBC issues credit cards to help and meet the financial needs of the customers
CIBC Aventura Visa Infinite Card- The CIBC Bank charges an annual interest rate charged is 19.5% and the grace period provided to make the repayment of the balances is 21 days and no interest is charged in this period. The minimum credit limited allotted to a card member is $ 5000. The annual fee applicable for this Card is $ 120 and the annual fee for the supplementary card is $ 50 each per year and one can have up to 3 cards maximum. There is a great reward program linked with this card with which one will receive 15000 Bonus Aventura Points when one uses his card for the first time. One will collect 1 Aventura Point for every $ 1 spent on this card, also one will collect 1.5 Aventura Points for every dollar one spends at gas stations, grocery and drug stores.
CIBC Aero Classic Visa Credit Card- The CIBC Bank applies an annual interest rate of this CIBC travel reward credit card is 19.5 % and the grace period provided to a member so that he can make his balances of purchases interest free is 21 days. It charges an annual fee of $ 29 and one gets an additional card at no extra cost. One would get 5000 Aero plan miles as a welcome bonus on using this card for the first time. One would receive 1 aero plan mile for every 2 dollars charged to the card. One will receive up to double aero plan Miles when one uses one’s CIBC Card to dine, golf, or stay at any participating.
The other cards issued by the bank are
1)CIBC Select Visa Card
2)CIBC Platinum Visa Card
3)CIBC Dividend Visa Infinite Card
4)Dividend Platinum Card
6)CIBC Aerogold Visa Card
7)CIBC Aerogold Visa infinite Card
8)CIBC Gold Visa Card
9)CIBC Aventura Gold Visa Card
10)CIBC U.S. Dollar Visa Card
11)CIBC Aerogold Visa Card for Business
12)CIBC Bizline Visa Card