Products and their features may change at any time. Those Air Miles can be used towards travel, shopping, entertainment, e-vouchers and events. You must comply with the CIBC Cardholder Banking Service Agreement including safeguarding your card, your card details and PIN. A debit card uses funds from your bank account while a credit card is linked to a credit line that can be paid back later, which gives you more time to pay for your purchases. Most notably, you’ll earn 1 Air Mile for every 30 you spend on your debit card. The administration fee will also apply to purchase refunds and credits.ģ The Interac Zero Liability Policy applies to Interac Debit, Chip and PIN transactions, ATM withdrawals and Contactless payments. Financial institutions, such as banks, usually give you a debit card when you sign up for an account.
You may have to pay a fee when you use your debit card depending on your financial institution. Product American Express® Prepaid Card Product Information Perfect for family, friends, employees or yourself From 3,125 to 125,000 points Save up to 25,000 points This reward will be sent to the address selected during checkout. The conversion rate applied to purchase refunds and other credits may be different from the conversion rate applied to the original purchase. A debit card is a card that you can use to pay for goods and services, or withdraw money, directly from your bank account. (Some banks have credit-card-like debit cards now too but they function on Interac in Canada, and using the credit card network when outside the country. With such a card on your side, you’ll be able to save 7 - 9 on all international purchases, thanks to low card network exchange rates. Getting started with Visa Reloadable Prepaid Card.
You should also make sure your card has no foreign transaction fees so you don’t pay extra. This is in addition to any transaction fees applicable to the debit purchase. Canadian debit cards are on the Interac network and do not work on the credit card network. If you’re going to use a credit card in Canada, Visa and Mastercard are your surest bets.
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You must comply with the CIBC Cardholder Banking Service Agreement including safeguarding your card, your card details and PIN.Ģ If you use your CIBC Advantage Debit Card to purchase goods and/or services outside of Canada, a converted Canadian dollar amount will be debited from your account, based on the same conversion rate CIBC is required to pay, plus an administration fee of 2.5% of the converted amount.
1 The Visa Zero Liability Policy does not apply to ATM transactions or to PIN transactions not processed through the Visa network.
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