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 at 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 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.
3 Only available in mutual funds.
4 Important information about CIBC Securities Inc. and CIBC Mutual Funds
CIBC Mutual Funds and the CIBC Index Portfolio Rebalancing Service are offered by CIBC Securities Inc., a wholly-owned subsidiary of CIBC. Simplii Invest is a division of CIBC Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service such as the CIBC Index Portfolio Rebalancing Service. Please read the CIBC Mutual Funds and CIBC Family of Portfolios Simplified Prospectus before investing. To obtain a copy, call 1-888-723-8881 and select the mutual fund option, or ask to speak to a CIBC Securities Inc. Mutual Fund Representative. Neither CIBC Mutual Funds nor the CIBC Index Portfolio Rebalancing Service are covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed by CIBC. There can be no assurance that money market funds will be able to maintain their net asset value per security at a constant amount or that the full amount of your investment will be returned to you. The values of many mutual funds, such as Income and Growth Funds, can change frequently. Past performance may not be repeated. The CIBC Index Portfolio Rebalancing Service is an asset allocation service available through CIBC Securities Inc. The portfolio manager is CIBC Asset Management Inc. The management fee discount for CIBC mutual funds is provided by the Canadian Imperial Bank of Commerce as the manager of the funds.
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