New cards offer strong value and loyalty rewards for consumers including travel and cash back

TORONTO, Feb. 1 /CNW/ - Today, CIBC is launching three new CIBC MasterCard credit cards, broadening the choice for consumers within CIBC's industry leading credit card lineup and offering strong client value.

"CIBC is the largest Visa credit card issuer in Canada," said Cheryl Longo, Executive Vice-President, Card Products, CIBC. "Through the launch of our new MasterCard products today we can now offer consumers more rewards, more features and more choice in credit cards."

The new cards available today from CIBC include:

• CIBC Aventura World MasterCard, a premium card offering travel flexibility and strong rewards earning potential.
• CIBC Aventura MasterCard, which offers travel flexibility and travel protection for a low annual fee.
• CIBC Dividend Unlimited World MasterCard, a premium cash back card that earns up to 2% cash back with no limit on what can be earned in rewards.

The features of the new CIBC MasterCard credit cards launched today include:

CIBC Aventura World MasterCard

• 1 Aventura Point for every dollar spent on the card
• 1.5 Aventura Points for every dollar spent when shopping at gas, grocery and drug stores
• Flexible redemption options, including flights on hundreds of airlines worldwide, hotel stays, vacation packages, merchandise, and more
• Out-of-Province Emergency Travel Medical Insurance
• Trip Cancellation and Trip Interruption Insurance
• $120 annual fee

CIBC Aventura MasterCard

• 1 Aventura Point for every dollar spent on the card
• Flexible redemption options, including flights on hundreds of airlines worldwide, hotel stays, vacation packages, merchandise, and more
• Out-of-Province Emergency Travel Medical Insurance
• $39 annual fee

CIBC Dividend Unlimited World MasterCard

• Up to 2% cash back on purchases charged to the card
• No limit to the cash back that can be earned
• Earn even more cash back at participating restaurants, hotels, golf courses and spas with CIBC Bonus Rewards
• $79 annual fee

All three of CIBC's new cards come with CIBC MasterCard PayPass - a no fee, fast, safe and convenient alternative to paying with cash for purchases under $50 at participating stores. All clients have to do is "Tap & Go", saving time and making everyday purchases easier.

MasterCard is a globally recognized brand and the new cards are broadly accepted at more than 30 million merchants locally and internationally.

Canadian consumers can apply for these new CIBC cards online at cibc.com or at any CIBC branch effective today.

CIBC (CM: TSX, NYSE) 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.