† This 10% cash back offer (applies an incremental 6% cash back to the 4% cash back already awarded) on eligible restaurant, bar and coffee shop purchases is available to new cardholders who apply and are approved for the Simplii Financial Cash Back Visa Card. The 6% incremental cash back applies on eligible restaurant, bar and coffee shop purchases made during your first 4 monthly statement periods beginning from your account open date or $500 in total restaurant, bar and coffee shop purchases (equal to $30 cash back), whichever comes first. This offer will not result in any changes to the 4% cash back already earned on restaurant, bar and coffee shop purchases, and those purchases will be included within the $5,000 annual spend limit that earns 4% cash back. This offer may be withdrawn or changed without prior notice at any time. Simplii Financial 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.
‡ This is an estimate only. Actual cash back may vary depending on spending habits.
1 Cash back is earned on net card purchases (purchases less returns) when your account is open and in good standing and not on cash advances, interest, fees, balance transfers, payments or Convenience Cheques. Cash back is calculated as follows: Earn 4% on the first $5,000 in net annual card purchases on restaurant, bar and coffee shop purchases, which currently include merchants classified as Eating Places and Restaurants; Drinking Places (Alcoholic Beverages) - Bars, Taverns, Nightclubs, Cocktail Lounges, and Discotheques; Fast Food Restaurants; or Caterers. Earn 1.5% on the first $15,000 in net annual card purchases on gas, grocery and drugstore purchases and pre-authorized payments. Gas, grocery and drugstore purchases currently include merchants classified as Service Stations (with or without Ancillary Services); Automated Fuel Dispensers; Grocery Stores and Supermarkets; Drugs, Drug Proprietaries, and Druggist's Sundries; or Drugstores and Pharmacies. Pre-authorized payments are payments made on a monthly or other regular basis, which are automatically billed by the merchant to your Account. Earn 0.5% on all other net annual card purchases, including those in the categories above when the $5,000 and $15,000 limits are exceeded. If a transaction could fit under more than one cash back category, you will be awarded the cash back of the higher category, subject to the $5,000 and $15,000 limits. Merchants are classified by the credit card network and the network may change the names of classifications or change the classification of merchants at any time. Simplii Financial is not responsible for merchant classification. The $5,000 and $15,000 limits will reset to zero after the day your December statement is issued. Changes to terms, conditions and eligible merchant categories may occur at any time without notice. We may cancel the cash back program on 60 days’ notice. Credit 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 Primary Cardholder may contact us to set, adjust or remove an Authorized User Spending Limit for each Authorized User. Refer to your Simplii Financial Credit Card Agreement for full details.
3 "Purchase" means any Transaction other than a Cash Advance, Balance Transfer or Convenience Cheque. "Cash" means a Cash Advance, Balance Transfer and Convenience Cheque. Interest rates may change from time to time.
4 Insurance coverage underwritten by Royal & Sun Alliance Insurance Company of Canada (RSA). To be eligible for this coverage, the item must be paid for in full using your Simplii Financial credit card. For more information regarding coverage eligibility requirements, benefits, limitations and exclusions, refer to the Certificate of Insurance (PDF, 100 KB) .
5 CIBC Payment Protector™ Insurance for Credit Cards is optional creditor’s group insurance underwritten by Canadian Premier Life Insurance Company (Canadian Premier) and administered by Canadian Premier and CIBC. CIBC receives fees from Canadian Premier for providing services to Canadian Premier 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 earns 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/health condition exclusions. These and other terms are described in the Certificate of Insurance (PDF, 170 KB)Opens a new window in your browser. / Certificate of Insurance (with spousal coverage) (PDF, 130 KB)Opens a new window in your browser. you receive upon enrollment.
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. This insurance is subject to eligibility conditions, limitations and exclusions (including pre-existing medical condition exclusions), which are contained in the Certificate of Insurance (PDF, 415 KB)Opens a new window in your browser. you receive following enrollment. For more information call CIBC Travel Insurance at 1-800-281-9109.
7 The cash back is accumulated each month, beginning with your January statement, and awarded at the end of the year as a credit on your December statement. Your Account must be open, in good standing, and within your credit limit at the time the cash back is awarded. Cash back will be credited to the Primary Cardholder’s account.
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“Simplii Financial” is a division of CIBC. Banking services are not available in Quebec.