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CIBC helps budget conscious holiday shoppers with tips to make the most of their money this December
CIBC offers budgeting tools, rewards, and advice this holiday season TORONTO, Dec. 1 /CNW/ - CIBC is helping Canadians make their money go further during the holiday shopping season with tools to help clients stick to their holiday budget, rewards to help realize the dream of travel sooner, and advice for budgeting their way into a financially prosperous New Year. "Canadians are looking for ways to make the most of their holiday spending this season, and CIBC can help with free tools, rewards, and advice," said Cheryl Longo, Senior Vice-President of Card Products, CIBC Retail Markets. "Services like CIBC CreditSmart, a free and unique suite of credit management tools, help consumers track their spending, and rewards such as Aeroplan Miles on everyday banking with CIBC help their dollars go further." CIBC offers consumers some helpful holiday tips on how to stay on top of their finances this holiday season:- Use free budgeting tools like email spend alerts to manage your spending: CIBC CreditSmart credit management tools help CIBC credit cardholders understand exactly where they're spending their money with Enhanced Monthly Statements that help cardholders track and manage spending by organizing purchases into 10 common categories. CIBC CreditSmart Spend Reports let cardholders create customized monthly budgets online, and Spend Alerts notify them automatically when they've exceeded their customized budget or are close to their credit limit. Cardholders can also help prevent fraud with CreditSmart Fraud Alerts and Credit Report Alerts that notify them about unusual activity or unauthorized use of their credit card through email alerts or online messages. - Get rewarded for your everyday banking: There's no better time than the holidays for clients to reward themselves with Aeroplan Miles on everyday banking. CIBC Aerogold Visa cardholders receive Aeroplan Miles for every card purchase they make, and CIBC Unlimited Chequing Account clients who enrol in the Aeroplan Miles feature are eligible to receive Monthly Bonus Aeroplan Miles on qualifying transactions in addition to unlimited transactions for a flat monthly fee. New CIBC credit cardholders can receive a Welcome Bonus of 15,000 Aeroplan Miles on select CIBC credit cards. Clients who open a new CIBC Unlimited Chequing Account before December 31, 2008 are eligible for a one-time bonus of 10,000 Aeroplan Miles as well as Monthly Bonus Aeroplan Miles for enrolling in the Aeroplan Miles reward feature and setting up a direct deposit or meeting other qualifying criteria. - Don't leave yourself off your wish list: With tools to help clients stick to their budget and get more for their holiday spending, they'll be well on their way to saving for the year ahead using the new CIBC Tax Free Savings Account. The TFSA is a registered savings plan that allows Canadians to earn investment income tax-free inside the plan. Contributions to the plan are not tax-deductible and withdrawals of contributions and earnings from the plan are not taxable. Contributions may be made into a TFSA beginning in January 2009."Start your New Year's savings plan out on the right foot by planning to set some money aside for yourself," advises Colette Delaney, Senior Vice-President of GICs, Deposits, and Payments, CIBC Retail Markets. "With careful budgeting, you'll be able to jumpstart your savings for 2009 by investing what you've saved in the new CIBC Tax Free Savings Account on January 2." (January 5 in Quebec) For more information and advice, visit www.cibc.com or your local CIBC branch, or call 1-800-465-CIBC (1-800-465-2422). CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.
For further information:
For further information: Doug Maybee, Director, External Communications and Media Relations, CIBC, Tel: (416) 980-7458, doug.maybee@cibc.com