[CIBC] CIBC Earn $300 and 12 Month Fee Rebate with a CIBC Smart Account - Page 34

Oct 26th, 2020 8:18 pm

#661

angel_wing0: Moderator; Mar 23, 2004; 42575 posts; 8583 upvotes; Markham

Oct 26th, 2020 8:18 pm

gundamwingZero wrote: ↑ just got mine today...

Still waiting for mine...

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Oct 28th, 2020 11:52 pm

#662

ejohan: Member; Oct 12, 2005; 394 posts; 331 upvotes; Lower Mainland BC

Oct 28th, 2020 11:52 pm

Got my bonus!
Account was opened May 25th.

Oct 29th, 2020 12:43 am

#663

angel_wing0: Moderator; Mar 23, 2004; 42575 posts; 8583 upvotes; Markham

Oct 29th, 2020 12:43 am

ejohan wrote: ↑ Got my bonus!
Account was opened May 25th.

Great to hear!

I opened mine around early May, so looks like CIBC will be hearing from me very soon then.

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Oct 29th, 2020 9:54 am

#664

angel_wing0: Moderator; Mar 23, 2004; 42575 posts; 8583 upvotes; Markham

Oct 29th, 2020 9:54 am

Got my $300 also!

Oct 29, 2020 Branch Transaction CREDIT MEMO IBB BACK OFFICE CENTRE MISSISSAUG Not applicable $300.00

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+4

Oct 29th, 2020 12:38 pm

#665

CalgaryBen: Sr. Member; Oct 11, 2005; 856 posts; 1634 upvotes; Airdrie, AB

Oct 29th, 2020 12:38 pm

angel_wing0 wrote: ↑ I opened mine around early May, so looks like CIBC will be hearing from me very soon then.

angel_wing0 wrote: ↑ Got my $300 also!

Guess they heard you! Right down to the wire...

When I opened (in March), the T&C said 7 months (but in reality it was 5 months to receive). Not sure if they updated T&C to 5 months by the time you applied in May, but I know it's been 5 months lately, and they've been true to their word for the most part.

I suspect CIBC's approach will yield more loyalty/"stickiness" in clients, compared to all the other banks. CIBC strikes a good balance, and of all the new bank accounts I've opened for welcome bonuses, it's the one I'd be most likely to keep after the 12-month commitment (however, since I already have a Simplii chequing account, the CIBC account is redundant). The only reason I currently have to keep the CIBC account would be to facilitate quick balance transfer offers from the CIBC Visa that I have (1 business day for funds to transfer over), but I'll test the transfer from CIBC Visa to my Simplii chequing account to see how that process goes, and then decide from there.

+1

Oct 30th, 2020 8:42 am

#666

kaijujager: Sr. Member; Mar 7, 2011; 564 posts; 414 upvotes; Brampton

Oct 30th, 2020 8:42 am

Got mine today as well! Got the Oct5 email...
2nd $300 too but accounts 1yr apart...

Oct 30th, 2020 1:26 pm

#667

qbarnes95: Sr. Member; Oct 5, 2014; 546 posts; 1117 upvotes; Ontario

Oct 30th, 2020 1:26 pm

I'm still waiting

Probably going to need to call in again on November 30th asking for the $300.

Oct 30th, 2020 11:05 pm

#668

zzricezz: Deal Addict; Feb 4, 2003; 2376 posts; 324 upvotes

Oct 30th, 2020 11:05 pm

I opened mine at the end of June and nothing so far.

Oct 30th, 2020 11:08 pm

#669

angel_wing0: Moderator; Mar 23, 2004; 42575 posts; 8583 upvotes; Markham

Oct 30th, 2020 11:08 pm

zzricezz wrote: ↑ I opened mine at the end of June and nothing so far.

Takes 5 months usually, so if everything goes smoothly you will get it in Nov.

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Nov 6th, 2020 5:48 am

#670

headleygrange: Deal Addict; Apr 13, 2017; 1579 posts; 702 upvotes; GTA

Nov 6th, 2020 5:48 am

angel_wing0 wrote: ↑ Takes 5 months usually, so if everything goes smoothly you will get it in Nov.

Opened early June. No email yet

Monthly fees continues to be rebated.

Nov 6th, 2020 5:07 pm

#671

towcheng2000: Member; Mar 13, 2004; 234 posts; 91 upvotes

Nov 6th, 2020 5:07 pm

Opened the account online the first day this offer became available and still no rewards. Called CIBC and the agent quoted the original T&C, "If an Eligible Client qualifies to receive the Cash Reward, such Cash Reward will be directly credited to the Account within seven (7) months following the end of the month in which the Account is opened and otherwise completing applicable requirements described in the Terms." In my case, since my PADs started in May, so I was told to expect the payout in Dec.

Nov 6th, 2020 5:07 pm

#672

LawrenceY445978: Newbie; Nov 24, 2016; 96 posts; 39 upvotes; Surrey

Nov 6th, 2020 5:07 pm

I just noticed I'm being charged the service fee, so I guess that means my PADs weren't eligible and now it's past 3 months. Any way I can still get the $300? Is it possible to convince Cibc to let me do a late qualifying action?

Nov 6th, 2020 5:17 pm

#673

ejohan: Member; Oct 12, 2005; 394 posts; 331 upvotes; Lower Mainland BC

Nov 6th, 2020 5:17 pm

LawrenceY445978 wrote: ↑ I just noticed I'm being charged the service fee, so I guess that means my PADs weren't eligible and now it's past 3 months. Any way I can still get the $300? Is it possible to convince Cibc to let me do a late qualifying action?

What PAD’s were you using?

Nov 6th, 2020 5:24 pm

#674

LawrenceY445978: Newbie; Nov 24, 2016; 96 posts; 39 upvotes; Surrey

Nov 6th, 2020 5:24 pm

Credit cards + Questrade/Tangerine/EQ

Nov 8th, 2020 6:23 pm

#675

User452441: Sr. Member; Oct 22, 2016; 608 posts; 512 upvotes; Comox Valley

Nov 8th, 2020 6:23 pm

Open account in March, all requirements were met, with no $300. Did online chat with them today, and they confirm I get the $300, but asked me to phone in.

Did phone in, they looked into it, said it may be a software error (whatever), they then said they will look into it, and get back to me, within 4 days.

Nov 8th, 2020 7:47 pm

#676

rogerchoi: Member; Nov 25, 2006; 390 posts; 203 upvotes

Nov 8th, 2020 7:47 pm

I got my $250 from Tangerine already. I changed my payroll deposit to the account early October. I'm impressed.
I am also doing the CIBC one soon. I hope it goes smoothly.

Nov 13th, 2020 7:47 pm

#677

adaniel: Member; Aug 13, 2015; 318 posts; 450 upvotes; Vancouver, BC

Nov 13th, 2020 7:47 pm

angel_wing0 wrote: ↑ Got my $300 also!

I received the "congratulations you qualify for $300" email on Oct 29, but I've not seen the $300 deposited as of today (Nov 13).
I called CIBC, and the agent basically said I should continue waiting, though he assured me that the money will be deposited.
Seems like the timeline is different for me than it was for you.

Nov 13th, 2020 8:07 pm

#678

angel_wing0: Moderator; Mar 23, 2004; 42575 posts; 8583 upvotes; Markham

Nov 13th, 2020 8:07 pm

adaniel wrote: ↑ I received the "congratulations you qualify for $300" email on Oct 29, but I've not seen the $300 deposited as of today (Nov 13).
I called CIBC, and the agent basically said I should continue waiting, though he assured me that the money will be deposited.
Seems like the timeline is different for me than it was for you.

Definitely, loads of ppl here got theirs before me and we receive the email around the same time. If it doesnt come by Nov 30th, then yeah i would turn up the rage scale.

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+1

Nov 23rd, 2020 5:13 pm

#679

minib26: Member; Jan 24, 2007; 428 posts; 90 upvotes; Toronto

Nov 23rd, 2020 5:13 pm

Just to add a datapoint,

Jun 17th - applied
Oct 29th - congrats you qualify email received
Nov 20th - received 300$

i moved a portion of my pay to CIBC to meet the requirements.

+2

Nov 24th, 2020 9:28 am

#680

scorown: Sr. Member; Mar 2, 2014; 574 posts; 273 upvotes

Nov 24th, 2020 9:28 am

After months of being told my account met the requirement but no bonus, finally found an agent on chat who sent the case to back office and received my $300 in a week.

+2