Latest features deliver benefits and
convenience including added cash back rewards
TORONTO, Nov. 16, 2018 /CNW/ - CIBC (TSX: CM) (NYSE:
CM) announced today new debit and credit card features to help
clients get the most out of their daily purchases.
Starting today, clients can get money back on top of any
existing card rewards they already receive, while also gaining
real-time access and detailed merchant information related to their
credit card transactions through CIBC's award-winning digital
channels.
The additional money back offer on debit or credit purchases is
made possible through a new arrangement with Paymi, a leading
Canadian card-linked shopper marketing program. To receive
additional cash back rewards, clients can register eligible CIBC
credit, debit and prepaid cards online or via the Paymi Mobile App
and then shop in-store and online at participating retailers to
collect money back on everyday purchases. There's no need to load
offers or use coupon codes with Paymi and cash back rewards can be
deposited anytime with Interac e-Transfer®. From now until
June 1, 2019, CIBC clients who
register with Paymi receive double the money back on purchases at
participating retailers.
"CIBC is offering an enhanced experience for clients, putting
money in their pockets with Paymi as well as introducing new
digital enhancements for how they view their credit card
transactions," says Jeff Smith,
Vice-President, Client Loyalty Solutions and Partnerships, Cards,
CIBC.
A digital banking first among Canada's big five
CIBC is also providing clients new, enriched information about
their credit card purchases when viewing transactions online or
in-app. A first for a major Canadian bank, CIBC clients can simply
tap or click on a credit card transaction to see additional data
including merchant name, category, contact information and
location, to better help recognize their purchase.
"From the time a client makes their purchase or a return, they
can easily view credit card transactions including detailed
merchant information, offering greater convenience and peace of
mind," adds Mr. Smith. "This is another key step in delivering
digital innovation that allows clients to bank how they want."
CIBC clients can look forward to enhanced transaction data on
their debit card in the coming year.
About CIBC
CIBC is a leading Canadian-based global
financial institution with 11 million personal banking, business,
public sector and institutional clients. Across Personal and Small
Business Banking, Commercial Banking and Wealth Management, and
Capital Markets businesses, CIBC offers a full range of advice,
solutions and services through its leading digital banking network,
and locations across Canada, in
the United States and around the
world. Ongoing news releases and more information about CIBC can be
found at www.cibc.com/en/about-cibc/media-centre.html.
SOURCE CIBC