Newest CIBC Promotions May 2020: Best Offers and Bonuses Worth Up To $1,000

Earn CIBC bonuses when you open a dual-country card or account.

If you spend a lot of time traveling between the U.S. and Canada, banking with CIBC will simplify your life thanks to its cross-border financial services that let you deposit, transfer and spend in both currencies with no exchange fees.

Like most banks, CIBC offers promotions and cash bonuses to help lure new customers. A GOBankingRates survey found that most respondents choose their bank according to conveniences such as local branch availability rather than promotions, which means they might be missing out on lucrative bonuses.

The latest CIBC promotions have a combined value of $2,220. Keep reading to learn how you can qualify for them:

Current CIBC Promotions

To earn the current CIBC promotions, you’ll need to follow certain rules. Fortunately, no CIBC coupons are required to redeem them. Here’s everything you need to know:

CIBC Smart Checking Account Promotion: $300 Cash Bonus Offer

Frequent cross-border travelers will appreciate the convenience and control of having a checking account that works for financial transactions in both countries. Earning a $300 sign-up bonus is simple. Here are the details:

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  • Cash value: $300
  • Minimum deposit to qualify: None
  • Expiration date: None
  • How to get it: Open a Smart checking account, set up a recurring direct deposit or arrange for two recurring bill payments per month and wait for your bonus.
  • When you’ll get it: Within seven months of opening your account
  • Terms and conditions: You must make the required transactions to qualify for the bonus
  • Monthly fees: $4.95 to $14.95, although the fee is waived for the first nine months
  • Promotion page: CIBC Smart Checking Account Promotion: $300 Cash Bonus Offer

CIBC Ventura Visa Infinite and Gold Visa Credit Card Promotion: Up To $920 Cash Bonus Offer

When you apply and get approved for a CIBC Infinite or CIBC Gold Visa card, you’ll get a 35,000-point bonus worth up to $800 towards a plane ticket. CIBC will also waive the first year’s $120 annual fee, for a bonus equivalent to $920. Here’s more:

CIBC Visa Infinite Privilege Credit Cards Promotion: Up To $1,000 Cash Bonus Offer

CIBC’s Privilege Visa credit cards are the bank’s top-tier cards. They’re for high-income clients who earn at least $200,000 per year and come with annual fees of $399 and $499. That might sound high, but customers who travel frequently will get more than the annual fee back in perks and rewards such as free access to airport lounges and four annual guest passes, free checked bags, premium travel insurance, a $200 annual travel credit and more. Here’s how to earn the 50,000 reward points, worth up to $1,000 in airfare:

  • Cash value: $1,000
  • Minimum deposit to qualify: N/A
  • Expiration date: July 5, 2020
  • How to get it: Apply and get approved for either card and make at least $3,000 in purchases within the first four months
  • When you’ll get it: Within eight weeks after completing the qualifying purchases
  • Terms and conditions: For new cardholders only
  • Monthly fees: $399 to $499 annual fee
  • Promotion page: CIBC Visa Infinite Privilege Visa Credit Cards Promotion: Up To $1,000 Cash Bonus Offer

Logging In: How To Find and Use Your CIBC Login

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CIBC Promotions at a Glance

CIBC’s most recent promotions are designed to attract new customers to open checking accounts or apply for dual-currency credit cards. Here’s a closer look at the current CIBC offers:

Best CIBC Promotions: May 2020 

AccountCash Value of BonusExpiration Date
CIBC Smart Checking Account Promotion$300None
CIBC Ventura Visa Infinite and Gold Visa Credit Card PromotionUp To $920July 5, 2020
CIBC Visa Infinite Privilege Credit Cards PromotionUp To $1,000July 5, 2020

More on Savings: Best Savings Accounts of 2020

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Opening a CIBC Bank Account

You can open a CIBC account online as long as you already have an existing Canadian CIBC account. The process takes just a few minutes. Here’s what you’ll need to begin:

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Everything You Need To Know: How To Open a Bank Account Online

Are the CIBC Promotions Worth Switching For?

CIBC bonuses are pretty enticing, but the bank’s unique cross-border banking services are an even bigger selling point. If you frequently travel between Canada and the U.S., it’s worth switching to CIBC because you can handle banking tasks in both currencies seamlessly and without having to worry about foreign transaction fees or currency exchanges.

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More Bank Promotions

This content is not provided by CIBC. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by CIBC.

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