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Cibc dividend platinum car rental insurance

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1 YOUR WELCOME KIT Welcome to your CIBC Dividend Platinum Card

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2 YOUR BENEFITS GUIDE Benefits at a Glance Welcome to your CIBC Dividend Platinum Card 1 Earn Rewards Faster 1 Chip-enabled CIBC Credit Card 1 Visa paywave TM 1 estatements 2 Insurance and Travel Benefits 2 Purchase Security & Extended Warranty Insurance 2 Out-of-Province Emergency Travel Medical Insurance 2 Auto Rental Collision/Loss Damage Insurance 2 Common Carrier Accident Insurance 2 Car Rental Discounts 3 Commission-Free Regular American Express Travellers Cheques 3 CIBC CreditSmart Features 3 Financial Benefits 3 Access to Cash Advances 4 Additional Cards 4 Authorized User Spending Limits 4 Auto Pay Service 4 Free Personalized Convenience Cheques 4 Card Replacement and up to $5,000 4 in Emergency Cash Advances Dividend Dollars Program Terms 5

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3 Welcome to your CIBC Dividend Platinum Card. The CIBC Dividend Platinum Card is a cash back card that offers you up to 2% cash back on your card purchases. 1 The CIBC Dividend Platinum Card comes with comprehensive insurances including Purchase Security & Extended Warranty Insurance and Emergency Travel Medical Insurance. Please take a moment to read through this guide and learn more about everything your new card has to offer you. We think you ll be impressed and even more confident that you ve made the right choice. Earn Rewards Faster EARN UP TO 2% CASH BACK A smart way to invest in yourself. Earn up to 2% cash back on your card purchases, up to a maximum of $735 annually. At the end of every calendar year, we ll credit your CIBC Dividend Platinum Card Account with up to 2% in Dividend Dollars on the purchases you ve made with your CIBC Dividend Platinum Card over the year! CIBC BONUS REWARDS The more you use your CIBC Dividend Platinum Card the closer you ll get to the rewards you deserve. That s because in addition to what you regularly earn, you can receive an additional 1% in cash back when you use your CIBC Dividend Platinum Card at participating restaurants, hotels, golf courses, spas and retailers across Canada. 2 For more information and a complete listing of participating CIBC Bonus Rewards establishments visit The Chip-enabled CIBC Credit Card Chip Technology ADDED SECURITY TO YOUR EVERYDAY SPENDING CIBC is committed to providing you with a secure system against credit card fraud. To that end, CIBC Credit Cards use chip technology, which enhances the security of the magnetic stripe payment system. Each card uses an embedded microchip to encrypt information, making it more difficult for unauthorized users to copy or access card data. This technology is tested, proven and rapidly becoming the global standard for secure transactions. With this sophisticated technology, you can feel confident that your information is safe and secure with every transaction you make with your CIBC Credit Card. Convenient and easy to use. Over time, retail terminals across the country will become chip-enabled. Wherever chip technology is available, a PIN (Personal Identification Number) will be required to authorize a transaction, much like a debit transaction. CIBC Credit Cards will still have the familiar magnetic stripe on the back for use at merchants that are not yet chip-enabled. Visit for more information. Visa paywave TM YOUR CIBC CREDIT CARD INCLUDES VISA PAYWAVE This no-fee feature provides you with a fast and convenient alternative to paying with cash. Simply look for merchant terminals with the paywave TM symbol, wave your CIBC Visa TM Card in front of the reader and you re on your way. It requires no PIN and in most cases no signature. Visa paywave is the ideal way to speed through lines where you make everyday purchases like at fast food restaurants, gas stations, grocery stores and movie theatres. 3 For more information, including where to find Visa paywave accepting merchants, visit 1

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4 ESTATEMENTS OFFER EASE AND CONVENIENCE With your estatement you can view a FREE electronic copy of your current or previous available credit card and bank account statements online anytime, any day and download an electronic file version to your computer. Signing up for estatements allows you to be notified of account changes, saving paper and reducing clutter in the process. Simply sign on to CIBC Online Banking to get started. Insurance and Travel Benefits PURCHASE SECURITY & EXTENDED PROTECTION INSURANCE 4 Enjoy added security and protection on your purchases. Your CIBC Dividend Platinum Card comes with Purchase Security at no additional cost to you. This means that most new items of personal property you purchase with your card will be replaced, repaired, or you will be reimbursed if they are lost, stolen or damaged within 90 days of purchase. Plus, with Extended Protection Insurance, you can actually double the period of a manufacturer s original warranty up to two years on most purchases. That makes your CIBC Dividend Platinum Card ideal for new purchases like electronic equipment and appliances. This is excess insurance meaning all other sources of recovery, indemnity or insurance coverage must be exhausted before this insurance pays any benefits to you. For information, or to make a claim, please call (in Canada and Continental U.S.A., including Hawaii). From all other locations, including Mexico, call collect Please refer to the enclosed Insurance Certificate for more details, including policy limitations and exclusions. OUT-OF-PROVINCE EMERGENCY TRAVEL MEDICAL INSURANCE 4 You, your spouse and your dependent children are automatically insured for eligible emergency upfront hospital expenses for $5 million whenever you leave the country or your province for the first 15 days of a trip if the covered person is age 64 or under you don t even have to charge your trip to the card. If you are travelling for more than 15 days in length, you must purchase coverage separately for the balance of your trip. If you are age 65 or over, you must purchase coverage separately for the entirety of your trip. For emergency assistance, claims, or pre-trip information call the CIBC Travel Assistance Line at Outside North America, call collect at Please refer to the enclosed Insurance Certificate for more details, including policy limitations and exclusions. AUTO RENTAL COLLISION/LOSS DAMAGE INSURANCE 4 Smart savings opportunity. As a CIBC Dividend Platinum Cardholder, you can save up to $25 a day on car rental insurance. Simply charge the full cost of your car rental to your CIBC Dividend Platinum Card and decline the rental agency s Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW). You will be covered by Auto Rental Collision/Loss Damage Insurance up to the actual cash value of the rental vehicle. For information, please call (in Canada and Continental U.S.A., including Hawaii). From all other locations, including Mexico, call collect Please refer to the enclosed Insurance Certificate for more details, including policy limitations and exclusions. COMMON CARRIER ACCIDENT INSURANCE 4 Travel with your mind at ease. Flying or travelling by ferry, train or bus? Simply charge your fare to your CIBC Dividend Platinum Card and you, as the primary cardholder, and your spouse and dependent children are automatically covered with up to one million dollars ($1,000,000) Common Carrier Accident Insurance. For information, please call (in Canada and Continental U.S.A., including Hawaii). From all other locations, including Mexico, call collect Please refer to the enclosed Insurance Certificate for more details, including policy limitations and exclusions. 2

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5 CAR RENTAL DISCOUNTS Take advantage of additional savings. As a CIBC Credit Cardholder, you can receive valuable car rental discounts at participating locations worldwide when you pay with your CIBC Credit Card. For more information on car rental discounts, please visit COMMISSION-FREE REGULAR AMERICAN EXPRESS TRAVELLERS CHEQUES Simple savings when you travel. As a CIBC Dividend Platinum Cardholder, you save the normal 1% commission on regular travellers cheques, and pay a reduced commission rate of 0.75% on dual signature travellers cheques (Cheques for Two ). Simply show your Card when you purchase regular American Express Travellers Cheques at any CIBC branch in Canada. If you would like information on exchange rates, call CIBC at CIBC (2422). Benefits of the CIBC Dividend Platinum Card CIBC CreditSmart a suite of smart credit management features exclusively from CIBC. With CIBC CreditSmart, you can manage, track and organize your credit card activity plus help protect yourself from fraud. Here are just a few of the benefits CIBC CreditSmart offers with your CIBC Dividend Platinum Card. Online Spend Report: get a more detailed view of your credit card spending and create customized monthly budgets. Personal Spend Manager: create your own personal spend categories to track and manage what s important to you. Enhanced Monthly Statement: track and manage your monthly and year-to-date spending organized in 10 common spend categories on your printed statement. Credit Report Alerts: stay up-to-date on key changes to your personal credit report so you re aware of any unusual activity on your credit file. 5 Spend Alerts: set up alerts through CIBC Online Banking and choose to be notified by phone, or online message when you ve exceeded your customized budget or are nearing your credit limit. 6 Fraud Alerts: set up alerts and choose to be notified as soon as possible about potential unauthorized use of your credit card through alerts by or online message. Identity Theft Assistance: get quick access to guidance and clear instructions on what to do if you suspect you re a victim of identity theft by calling From ways to help manage spending to features that offer new levels of card security, your CIBC Credit Card is the card for the way you live life. On your terms. Financial Benefits ACCESS TO CASH ADVANCES Access to cash, wherever and whenever you need it. You have instant access to up to $1,000 daily with your CIBC Credit Card, subject to your available credit and your available cash, at any CIBC Instant Teller Machine or any of the nearly one million bank machines displaying the Visa, Interac or Plus System symbols. 7 All you need is your card and PIN. If you wish, you can even change your PIN at any CIBC Instant Teller Machine. 8 3

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6 ADDITIONAL CARDS Organize your household spending like never before. As a CIBC Dividend Platinum Cardholder, you can receive up to three additional pre-approved cards for only $30 each annually. Give them to your spouse, other family members, or anyone else you wish and maximize the opportunities to earn cash back. At the end of each statement period, all charges and cash back earned will appear on the primary cardholder s monthly statement. Even better, with CIBC CreditSmart features you ll be able to view all the card purchases organized into spend categories, set budgets and more. To inquire about requesting additional cards, call AUTHORIZED USER SPENDING LIMITS Your card comes with a unique Authorized User Spending Limit feature at no additional cost! You can manage authorized users spending by assigning 9 specific spending limits for purchases and cash 10 to any authorized users. This way your authorized users will have access to funds they need while you monitor their spending activity on your account! As the primary cardholder, you can contact us at any time to change any authorized user spending limits. With this option, authorized users are able to make purchases and cash transactions each month up to the spending limits assigned to them. There is comfort and peace of mind in knowing that authorized users can only spend up to an allotted amount. Call to add authorized users and assign spending limits or visit to get more information. AUTO PAY SERVICE Staying on top of your payments is now even easier. Sign up for CIBC Auto Pay Service an automatic service that debits your card payment from your chosen bank account and take paying your CIBC Credit Card bill off your list of things to do. Choose to pay either the minimum payment or the total new balance on the payment due date for each month. Whichever option you choose keep in mind that if your balance exceeds your credit limit on a statement date, the amount debited from your bank account on the payment due date will include the amount by which your balance exceeded your credit limit. To request an Auto Pay Service Authorization Form, call FREE PERSONALIZED CONVENIENCE CHEQUES Simplify your everyday spending. Want to transfer higher rate balances, consolidate bills, or make purchases in places that don t otherwise accept credit cards? It s simple, with CIBC Convenience Cheques. Write them like any other cheque to a person, business or to pay off a non-cibc credit card and the amount will appear on your CIBC Credit Card statement, without being charged a fee. 11 To order your free supply of personalized CIBC Convenience Cheques, simply call CARD REPLACEMENT AND UP TO $5,000 IN EMERGENCY CASH ADVANCES Simple services to ease your mind. The last thing you should worry about, whether you re travelling or at home, is your credit card. That s why, if your card is lost or stolen, or if you suspect someone is using your card or the card number, all you have to do is contact a CIBC branch, CIBC Telephone Banking or CIBC Credit Card Services as soon as possible. We ll then take the steps necessary to recover your card for you, including reporting your lost or stolen card to the appropriate authorities. A lost or stolen CIBC Credit Card should be reported immediately by calling Remember, you can also receive an emergency cash advance of up to $5,000, subject to your available credit and your available cash, if your card is lost or stolen. 7 KEEP YOUR BENEFITS GUIDE It s a good idea to keep Your Benefits Guide for future reference. You never know when you may need important information or phone numbers for your CIBC Dividend Platinum Card. 4

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7 CIBC Dividend Platinum Card Dividend Dollars Program Terms (These terms govern the CIBC Dividend Platinum Program) 1. Who Is Eligible To Participate In The Program? All CIBC Dividend Platinum cardholders ( Cardholders ) are eligible. 2. How To Earn Dividend Dollars Program Details: The Dividend Dollars Program is an annual program. This means that Dividend Dollars are accumulated each month, beginning with the January credit card Statement, and awarded at the end of the year as a credit on the December statement. One Dividend Dollars account (a Dividend Account ) will be set up for each CIBC Dividend Platinum credit card account (a Credit Card Account ). Dividend Dollars earned by the Primary Cardholder and authorized users of the same Credit Card Account will be credited to the same Dividend Dollar Account. Dividend Dollars are earned on CIBC Dividend Platinum Card ( Card ) purchases, less returns ( Net Purchases ). Cash advances, CIBC Convenience Cheques, balance transfers, interest, Credit Card Account payments, and fees do not earn Dividend Dollars. Each monthly statement will show Dividend Dollars activity during the period covered by that statement. Total Dividend Dollars earned over the year to date will also appear on each monthly statement. Dividend Dollars are calculated on a tiered basis (Refer to point 3 for details). The rate used for calculating Dividend Dollars is based on Net Purchases over the course of the year to date. Dividend Dollars are not earned on Net Purchases which exceed $50,000 each year (based on January through December statements). After Dividend Dollars are awarded on the December statement, the Dividend Account will be reset to $0.00 and the program will begin again with the January billing cycle (which starts immediately after the December statement is issued). 3. Rebate Rates: Dividend Dollars are earned on a tiered basis. The rate used to calculate Dividend Dollars depends on your year to date Net Purchases. For example: If your year to date Net Purchases total $1,000, and you make a purchase of $100, you will earn Dividend Dollars on that $100 purchase at a rate of 0.5%. Each tier range must be completed before Net Purchases earn Dividend Dollars at the next higher tier. TIER 1: 0.5% rebate on your first $3,000 in annual Net Purchases TIER 2: 1.0% rebate on your next $12,000 in annual Net Purchases (i.e. between $3,000 and $15,000) TIER 3: 1.5% rebate on your next $20,000 in annual Net Purchases (i.e. between $15,000 and $35,000) TIER 4: 2.0% rebate on your next $15,000 in annual Net Purchases (i.e. between $35,000 and $50,000) Sample Scenario: Year To Date Net Purchases: $0.00 First Purchase on Visa Account: $ $500 X 0.5% (TIER 1) = $2.50 Dividend Dollars Earned Year To Date Net Purchases: $ Subsequent Purchases on Visa Account: $35, $2,500 X 0.50% (TIER 1) = $12.50 Dividend Dollars Earned $12,000 X 1.0% (TIER 2) = $ Dividend Dollars Earned $20,000 X 1.5% (TIER 3) = $ Dividend Dollars Earned $1,000 X 2.0% (TIER 4) = $20.00 Dividend Dollars Earned Total Dividend Dollars Earned On Subsequent Purchase $ Year To Date Net Purchases: $36, All subsequent Net Purchases in the year (that do not exceed $50,000) earn Dividend Dollars at a rate of 2%. 5

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8 4. Further Details On Calculating Dividend Dollars: Dividend Dollars cannot be earned, and will not be credited, on Credit Card Accounts not in good standing when Card purchases are made or when a monthly statement is issued. Dividend Dollars will not be credited to a Credit Card Account not in good standing or not open when the December statement is issued. If a Credit Card Account is closed mid-year for any reason, all Dividend Dollars in the Dividend Account at that time will be cancelled. Dividend Dollars will be based on the Canadian dollar amount of Net Purchases, and will be calculated and credited in Canadian dollars. A fraction of a cent will be rounded up to the nearest cent. CIBC may choose not to credit Dividend Dollars on Net Purchases which are greater than the available credit, which means the remaining portion of the Credit Card Account credit limit, as originally established or later changed by CIBC. This means that if Credit Card Account payments are made which are greater than the outstanding balance on the Credit Card Account (whether or not this is done in order to increase the amount of credit available), no Dividend Dollars may be credited on Net Purchases in excess of available credit. 5. Discrepancies: Cardholders must advise CIBC Credit Card Services of any discrepancies in the Dividend Account no later than six months after the date of the purchase for which an adjustment is requested. Otherwise, the amount of Dividend Dollars (except for erroneous credits) will be deemed to be correct. 6. Miscellaneous: From time to time it may be necessary for CIBC to restrict, suspend or otherwise alter aspects of this program, with or without notice to Cardholders. Only Primary Cardholders may obtain information about the amount of Dividend Dollars earned or credited. Requests for early payment of Dividend Dollars will not be considered. Dividend Dollars cannot be transferred between Visa accounts or otherwise, with two exceptions: (i) If the Primary Cardholder chooses to cancel his/her Card and become a regular CIBC Dividend Card Cardholder, any Dividend Dollars accumulated up to the date the Card is cancelled will be transferred to the regular CIBC Dividend Card, and any purchases and returns made before but not posted until after the transfer will be calculated at the regular CIBC Dividend Card rebate rate (which is lower). After conversion to a Dividend Card, Net Purchases on the Dividend Card will earn Dividend Dollars beginning at the Tier 1 rate. (ii) If the Primary Cardholder chooses to cancel his/her Card and become a CIBC Dividend Visa Infinite Cardholder, any Dividend Dollars accumulated up to the date the Card is cancelled will be transferred to the CIBC Dividend Visa Infinite card, and any purchases and returns made before but not posted until after the transfer will be calculated at the CIBC Dividend Visa Infinite rebate rate (which is the same as for the CIBC Dividend Platinum card). After conversion to a Dividend Visa Infinite card, Net Purchases on the Dividend Visa Infinite card will earn Dividend Dollars beginning at the tier corresponding to the year to date Net Purchases on the Card. If a Cardholder transfers from another CIBC Visa card product to the Card, the full annual fee for the Card must be paid. Dividend Dollars have no cash value and cannot be attached, pledged or hypothecated in any way. Dividend Dollars cannot be transferred under a domestic contract or other legal process. If the Primary Cardholder dies, the Dividend Dollars earned on the Credit Card Account will be payable to his/her estate, unless the surviving spouse is an authorized user and he/she applies to become and qualifies under CIBC s standard credit criteria as the Primary Cardholder within two months after CIBC is advised of the Primary Cardholder s death. Any abuse of the program s privileges, failure to follow its terms or misrepresentation may result in CIBC ending a Cardholder s participation. CIBC may end this program at any time, in whole or in part, with or without notice. If this program is ended, Dividend Dollars based on Net Purchases posted to statements from and including January in the year of termination until the final statement period before termination will be credited to the Credit Card Account, as long as the Credit Card Account is in good standing at that time (if it is not, all Dividend Dollars will be cancelled). Cardholders are solely responsible for any tax liability and tax reporting obligations arising from earning Dividend Dollars. 6

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9 NOTES 1 Dividend Dollars are calculated as follows: on the first $3,000 in net annual card purchases on your CIBC Dividend Platinum Account your rebate is 0.5%; on your next $12,000 in net annual card purchases your rebate is 1.0%; on your next $20,000 in net annual card purchases your rebate is 1.5%; on your next $15,000 in net annual card purchases your rebate is 2%. See program terms for details. Rebate is earned on card purchases less returns, and not on cash advances, CIBC Convenience Cheques, balance transfers, fees, interest, payments or on net card purchases over $50,000 per year. Rebate is paid into the card account when the December account statement is issued, if the account is then in good standing otherwise, rebate is cancelled. 2 The number of Bonus Dividend Dollars you may earn is at the sole discretion of the participating CIBC Bonus Rewards partner and may only be earned when you use your card for payment. The CIBC Bonus Rewards Benefit cannot be combined with any other promotional offers. CIBC Bonus Rewards terms, conditions and participating merchants may change without notice. For full details and important information regarding the CIBC Bonus Rewards Benefit, please visit 3 Subject to merchant transaction limits. 4 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 included insurance coverage(s), and important information regarding coverage eligibility requirements, benefits, limitations and exclusions, see and the insurance certificate(s) in your card package. Some insurance coverage(s) require purchase(s), auto rentals, common carrier fares and other trip costs to be charged to the card to activate coverage. Other conditions may also apply. Auto Rental Collision/Loss Damage Insurance (CLDI) is available for automobile rentals of up to 48 days. The full cost of the rental must be charged to the card and the rental agency s Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) must be declined. CLDI provides coverage up to the actual cash value (ACV) of the rental vehicle as defined in your insurance certificate. Note that some rental agencies may assess their damages at an amount greater than the ACV of the rental vehicle and you may be liable to them for the difference. Before declining the rental agency s CDW or LDW, you should read carefully and compare the terms of the rental agreement, the CLDI insurance certificate in your card package and any other insurance you own to decide which coverage best meets your protection needs. Out-of-Province Emergency Travel Medical Insurance is for the first 15 days of a trip including the day of departure; primary cardholder must be age 64 or under; if they are, then their spouse also may be insured if age 64 or under, and dependent children; this insurance does not cover certain pre-existing health/medical conditions and may not cover medical procedures performed without pre-approval. 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 in Canada, continental U.S and Hawaii or collect from elsewhere at This service is provided by Equifax Canada, a leading credit bureau in Canada. 6 Transactions must first be posted to your account before they can trigger a CIBC CreditSmart spend alert. It may then take up to 24 hours after a triggering transaction is posted for an alert to be sent. 7 Cash advances do not earn Dividend Dollars. Cash advances bear interest from the date they are taken. 8 All Cardholders (primary and authorized users) on the account will receive a PIN. 9 The primary cardholder may assign and change the Authorized User Spending Limits on the credit card account for any authorized users by contacting CIBC. CIBC may make adjustments to the spending limits any time following a decrease in the credit limit or cash limit of the card. The spending limits for authorized users will be subject to the overall credit limit and cash limit on the credit card account, so the funds available to an authorized user may be less than the spending limit set. For full details visit 10 The cash spending limit is a limit for cash transactions which falls within the overall spending limit for an authorized user. Cash refers to cash advances, CIBC Convenience Cheques and balance transfers. 11 Personalized CIBC Convenience Cheques can be ordered by calling a CIBC Card Services Representative. CIBC Convenience Cheques are subject to your available credit and available cash and bear interest from the date they are posted to your credit card account. CIBC Convenience Cheques do not earn Dividend Points. Visa ȚM Visa PayWave TM and Plus TM are trademarks of Visa Int./CIBC lic. user. American Express Travellers Cheques and Cheques for Two are registered trademarks of American Express Company; used under license from American Express Company. Interac is a registered trademark of Interac Inc.; CIBC auth. user. All other trademarks are owned by CIBC or related entities. All information is valid at the time of printing and is subject to change without notice. 7

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10 Important Phone Numbers CIBC CREDIT CARD SERVICES For Current Hours of Business, please visit In Canada and the U.S Elsewhere Telecommunications Device for the Deaf (TDD) (in North America) CIBC LOST OR STOLEN CARD REPLACEMENT In Canada and the U.S Elsewhere Emergency Assistance In Canada and the U.S Elsewhere VISA LOST OR STOLEN CARD REPLACEMENT AND EMERGENCY ASSISTANCE (available outside of Canada) United States VISA-911 Elsewhere

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11 INSURANCE CONTACT INFORMATION CIBC Travel Assistance Line Out-of-Province Emergency Travel Medical Insurance In Canada and Continental U.S.A., (incl. Hawaii) call toll free From all other locations, including Mexico, call collect Auto Rental Collision/Loss Damage Insurance In Canada and Continental U.S.A., (incl. Hawaii) call toll free From all other locations, including Mexico, call collect Common Carrier Accident Insurance In Canada and Continental U.S.A., (incl. Hawaii) call toll free From all other locations, including Mexico, call collect Purchase Security & Extended Warranty Insurance In Canada and Continental U.S.A., (incl. Hawaii) call toll free From all other locations, including Mexico, call collect IMPORTANT WEBSITES CIBC CIBC CreditSmart CIBC Bonus Rewards CIBC Chip Technology Visa paywave Authorized User Spending Limits

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12 Make the most of your CIBC Dividend Platinum Card. Visit and register for CIBC Online Banking today. DPl-EN

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‡ You are eligible for this annual fee rebate offer only if you apply and are approved for your first CIBC credit card. If you are a current or former CIBC cardholder, we may approve your application but you will not be eligible for the offer.

This offer applies to the following eligible cards: CIBC Dividend® Visa Infinite* Card and CIBC Dividend Platinum® Visa Card (“Eligible Card”). If you apply and are approved for a new Eligible Card between November 1, 2016 and June 30, 2017, CIBC will rebate the annual fee for you (the primary cardholder) and up to three authorized users added at the time of the application. This offer does not apply to annual fees for authorized users that are added after you submit your application. This offer applies for the first year only. If your application for an Eligible Card is not approved, you may be considered for another card (as disclosed in your credit card application). If you are approved for that card, this rebate offer will still apply. If you qualify, the rebate will be awarded to you and will appear as a credit against the applicable annual fee(s) within two statements. Your new credit card account must be open and in good standing at time the rebate is awarded. This offer is not transferable and cannot be combined with any other offer. This offer does not apply to transfers from another credit card account. 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 Earn 4% cash back on purchases (excluding returns) at merchants classified by the credit card network as grocery stores or service stations or automated gas dispensers. Earn 2% cash back on purchases (excluding returns) at merchants identified as TELUS or Tim Hortons merchants by the merchant payment terminal. Some TELUS or Tim Hortons locations may be identified as other merchants by the merchant payment terminal. All other purchases earn 1% cash back. The 4% and 2% cash back offers are only available on the first $80,000 in net annual card purchases (meaning all card purchases by all cardholders, at any type of merchant) or $20,000 on gas, grocery, TELUS or Tim Hortons purchases on your account, whichever comes first; after that, net card purchases at all merchants, including grocery stores, service stations or automatic gas dispensers, TELUS or Tim Hortons will earn cash back at the regular rate of 1%. The $80,000 limit and the $20,000 limit will reset to zero after the day your December statement is printed. Terms, conditions and eligible merchant or merchant categories may change without notice. Cash back is earned on card purchases less returns and not on cash advances, interest, fees, balance transfers, payments and regular CIBC Convenience Cheques. 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 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.

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 or motel and other trip costs to be charged to the card to activate coverage. Other conditions may also apply. Auto Rental Collision or Loss Damage Insurance (CLDI) is available for automobile rentals of up to 48 days. The full cost of the rental must be charged to the card and the rental agency's Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) must be declined. CLDI provides coverage up to the actual cash value (ACV) of the rental vehicle as defined in your insurance certificate. Note that some rental agencies may assess their damages at an amount greater than the ACV of the rental vehicle and you may be liable to them for the difference. Before declining the rental agency's CDW or LDW, you should read carefully and compare the terms of the rental agreement, the CLDI insurance certificate in your card package and any other insurance you own to decide which coverage best meets your protection needs. 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, or CIBC Convenience Cheques. "Cash" means cash advances, balance transfers and CIBC Convenience Cheques.

5 Cash advances do not earn cash back. Cash advances bear interest from the date they are taken from your credit card account and are subject to available credit and available cash.

6 The rewards calculator tool is only for general illustration purposes; your actual results may differ. Aeroplan Miles, Aventura Points, cash back, Tim Cash and Petro-Points 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 drug store 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, drug store 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 drug store 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, drug store 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. All information is valid at the time of publication and is subject to change without notice.

7 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.

8 CIBC Payment Protector Insurance for Credit Cards is optional creditor’s group insurance underwritten by Canadian Premier Life Insurance Company under a group policy issued to CIBC as group policyholder.

9 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.

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“Obviously, there are some rules with how the insurance features work, but people don’t take advantage of it,” she says. “I think that’s because the average person doesn’t know this credit card feature exists, or maybe they’ve heard about it but think there’s a caveat.”

So what kinds of insurance do our credit cards provide?

Select cards automatically provide different kinds of insurance for purchases on your credit card, but it’s your job to make the claim.

Here’s a look at some of their insurance features:

• Rental vehicle insurance. Most credit cards that provide auto rental collision, loss or damage insurance are limited to cars with a Manufacturer’s Suggested Retail Price of up to $65,000. The total rental period must not exceed 48 days.

There are also differences in the type of rental vehicles insured. BMO World Elite MasterCard, for example, restricts coverage to four-wheel passenger vehicles, yet CIBC Aventura World MasterCard and RBC Rewards Visa Gold’s auto rental insurance includes mini-vans used for transportation of passengers and their luggage.

• Emergency medical insurance. Provincial health plans are hardly generous when it comes to emergency medical claims incurred outside of Canada. The Ontario Health Insurance Plan (OHIP), for example, limits daily out-of-province medical claims to $400. But hospital and surgical expenses in U.S. tourist destinations, such as Florida, can cost more than $10,000 per day.

Travelers should check their cardholder insurance documentation carefully to find out eligible medical expenses. Aspire World MasterCard, BMO World Elite MasterCard, ScotiaGold Passport Visa and TD First Class Travel Visa Infinite all cover diagnostic tests (including x-rays), emergency ambulance transportation, hospital room and board, physician services, prescription drugs, private duty nursing and return airfare to your home province.

Unlike most other cards, BMO World Elite’s out-of-province hospital coverage benefit pays for more expensive coronary and intensive care unit accommodation, and isn’t limited to semi-private charges.

Cardholders should also note differences in eligibility according to age. Under the Aspire World card, cardholders and spouses of any age are covered, yet BMO World elite excludes anyone 65 or over. Aspire World MasterCard and BMO World Elite MasterCard have the highest per-person lifetime maximum of two million dollars.

• Purchase protection and extended warranty. Some credit cards feature purchase protection and extended warranty on personal property or gifts for 90 days from the date that items were charged on a card.

Many extended warranty insurance features automatically provide cardholders with double the term of the manufacturer’s warranty, up to a maximum of one additional year, commencing after its expiry.

Take note of differences in maximums: While CIBC Aventura World and BMO World Elite covers a lifetime liability of $60,000 per cardholder, RBC Rewards Visa Gold’s maximum amount of coverage is $50,000 per year.

Is credit card insurance too good to be true?

Travel credit cards with insurance benefits come with a cost. Annual fees range from $110 for ScotiaGold Passport Visa; $120 for CIBC Aventura World MasterCard, TD First Class Travel Visa Infinite, and Aspire Travel World MasterCard; and $150 for the BMO World Elite MasterCard. RBC Rewards Visa Gold, however, doesn't require a yearly fee.

The fees could be worth it, though. For example, charge the full cost of a hired car to a card with vehicle rental insurance, and you could save $20 to $30 per day by declining the rental agency’s collision damage waiver insurance.

According to ScotiaBank, the premium for its ScotiaGold Passport free emergency medical insurance for two adults who go on a 31-day trip is about $152. Travellers who book a two-week vacation on the card save about $76, based on what would have otherwise been spent on private health insurance costs.

Many travel credit cards also feature other perqs, including rewards miles, flight-delay and baggage insurance, and trip-cancellation-and-interruption insurance.

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