In case Nominee or others are interested. The cashback for this card is Tiered.
2.0% cash back on your next $15,000 in net annual card purchases (between $35,000 and $50,000)
2.0% on regular purchases did sound too good to be true.
https://www.cibc.com/ca/credit-cards/ca ... rcard.html (for full details)
so its an UP TO 2%. OP could very well spend $35k+ per year then buy this at $100 and get his $2 "free" in cash back
or he may not realize his card is up to 2% not guaranteed 2%