If you are a CIBC Visa Infinite cardholder, it is important to review the cardholder agreement to fully understand your rights and responsibilities. This agreement outlines the terms and conditions of using the card, including fees, interest rates, rewards, and more.
One important aspect of the CIBC Visa Infinite cardholder agreement is the annual fee. This fee is charged to your account once a year and is non-refundable. However, if you cancel your card before the end of the year, you may be eligible for a pro-rated refund of the annual fee.
Another key detail of the agreement is the interest rates for purchases, cash advances, and balance transfers. These rates can vary depending on your creditworthiness and other factors, so it is important to understand what you will be charged if you carry a balance on your card.
The CIBC Visa Infinite card also offers rewards for using the card, such as cash back on purchases or points that can be redeemed for travel or merchandise. The cardholder agreement outlines the rules for earning and redeeming these rewards, so be sure to read this section carefully.
In addition to fees, interest rates, and rewards, the cardholder agreement also covers important details on fraud protection, liability for unauthorized transactions, and dispute resolution. It is important to understand these sections to ensure your peace of mind and protect yourself from potential losses or misunderstandings.
Overall, reviewing the CIBC Visa Infinite cardholder agreement is a crucial step in being a responsible and informed cardholder. Take the time to read through this document and ask any questions or clarifications from the bank if necessary. With a clear understanding of the terms and conditions, you can maximize the benefits of your card while avoiding any potential pitfalls.