numPayment with Points redemption towards credit cards balances will be reflected within 5 business days.
numOnly primary cardholders are permitted to perform a “Payment with Points” or “Financial Product with Points” redemption. Authorized Users are not eligible. Redemptions are non-refundable, non-exchangeable and non-transferable unless you are advised otherwise. Requested redemption amount must be equal to or less than the cardholder’s available points balance. Points to dollars conversion ratio is determined by CIBC and can be changed at any time without notice.
numPoints can only be used to prepay outstanding principal. The prepayment cannot exceed the amount of your annual prepayment privilege. You can find this amount in your mortgage documents, or in Mortgage Loan-Details in the My Accounts section of CIBC Online Banking. A prepayment can only be made on a regular mortgage payment date. You must submit this request at least 5 business days before the regular payment date on which you want the prepayment applied. The prepayment will be visible through online banking within 5 business days after the regular payment date on which it is applied.
numEligible registered savings accounts for contributions from Aventura / Gold points redemptions are: RRSP Daily Interest Savings Account (DISA); and TFSA Tax Advantage Savings Account (TASA). Cardholder is responsible for ensuring their contribution amount does not exceed their CRA issued contribution limit. Points redemption contributions must be from the cardholder’s existing Aventura / Gold product to their DISA or TASA. Posting of Aventura / Gold point redemption contributions to DISAs or TASAs can take up to 5 business days.
numThe following Investor’s Edge accounts are eligible for Financial Products with Points: Registered Accounts (RRSP, RRIF, TFSA, RESP) and Investment Accounts (Cash, Margin, Options). Financial product rewards transferred to a Registered Account will be applied as a cash contribution by the cardholder. The cardholder is responsible for ensuring the amount does not exceed any contribution limit applicable to the Registered Account. Cardholders can contact CIBC Investor’s Edge at 1-800-567-3343 in order to apply a Financial Product Reward into their existing CIBC Investor’s Edge account, or to open a CIBC Investor’s Edge account and then arrange for the financial product reward. Posting of cash credit to the Cardholder’s CIBC Investor’s Edge account can take upwards of 5 business days. Cash credit received in connection with a financial product reward can be used to purchase any available investment product (including stocks, mutual funds, GICs, precious metals, etc.)
numRedemptions can only be applied towards existing personal lending accounts. Eligible personal lending products must have a balance owing. Posting of Aventura / Gold point based payments to the cardholder’s respective personal lending account will be visible through online banking within 5 business days from the processing date.
numRequested redemption amount must be equal to or less than the cardholder’s available Aventura Points balance.
8This offer applies to purchases of travel related services such as airlines, car rental agencies, travel agencies/tour operators, hotels, cruise lines, tour buses/bus lines. Local/suburban commuter passenger transportation, ferries, local water transportation, railways, limousines/cabs and certain other transportation services, as classified in the credit card network and booked by the primary cardholder. The 35% fewer points offer is in comparison to a non-promotional Shopping with Point redemption. Shopping with Points redemptions are eligible only for authorized transactions that are not posted to the card account. The following do not qualify as purchases: cash advances, interest, fees, CIBC Global Money Transfers™, balance transfers, payments, convenience cheques or Aventura Point redemptions. Existing terms of the Aventura Reward program and credit card account continue to apply. This offer may be withdrawn or changed without notice at any time.