CIBC Rewards 10% off on Costco Gift Card

Is this only for Aventura range of cards?
I have a platinum dividend card and it does not have the concept of points, just cash back dollars.

Ordered this last week, it's on its way .....i think there are others too, like Metro, etc

This is a tough one, optimally you use these points for travel 12,600 points = $126 travel so its either this $100 Costco or $126 travel

Well, bye bye New York, hello 300$ costco shopping trip.

I redeemed 12,000 points for $100 from the Adventura to the CiBC line of credit. Super easy redeeming via the Cibc on line banking.

They said u needed a negative balance so I paid $100 to the cibc adventura then moments later redeemed the 12,000 points instantly a few minutes later to pay off the $100 line of credit.

Better deal than the 12,600 for gift cards.

StevenW038982 wrote: ↑I redeemed 12,000 points for $100 from the Adventura to the CiBC line of credit. Super easy redeeming via the Cibc on line banking.

They said u needed a negative balance so I paid $100 to the cibc adventura then moments later redeemed the 12,000 points instantly a few minutes later to pay off the $100 line of credit.

Better deal than the 12,600 for gift cards.

This is sweet

StevenW038982 wrote: ↑ I redeemed 12,000 points for $100 from the Adventura to the CiBC line of credit. Super easy redeeming via the Cibc on line banking.

They said u needed a negative balance so I paid $100 to the cibc adventura then moments later redeemed the 12,000 points instantly a few minutes later to pay off the $100 line of credit.

Better deal than the 12,600 for gift cards.

How does this work? Can you please elaborate? Thank you

If you have a TFSA you can also redeem 12000 points as a deposit of $100 to your account. I just deposited $400 to my TFSA by using 48000 points.

If your cibc online banking profile has your cibc line of credit and your cibc adventura credit card, there is a link to redeem your points in the cibc online banking profile. You cannot redeem through cibc rewards. The redemption link is on the cibc online banking profile. Super easy and instant.

The gift cards are not really worth it if you are not using for travel so I decided to play this game and redeem 12,000 points for $100. It happens in minutes. No need to wait for gift cards in the mail. And no point using the adventura points to redeem directly to the credit card as the points are with even less. So do the TFSA or pay your line of credit route.

Just cashed out my points few days ago.

Any way you can straight up purchase with the Visa and get 10% off? I'm due for a Costco trip

StevenW038982 wrote: ↑ The gift cards are not really worth it if you are not using for travel so I decided to play this game and redeem 12,000 points for $100. It happens in minutes. No need to wait for gift cards in the mail. And no point using the adventura points to redeem directly to the credit card as the points are with even less. So do the TFSA or pay your line of credit route.

Is the 12000 points the normal rate, or is this also a limited time offer?

sckor wrote: ↑ Is the 12000 points the normal rate, or is this also a limited time offer?

It’s always the regular rate. So why go for gift cards and use more points? I’d take cash anytime over a credit voucher to some store. I’d rather collect points on my credit card when I go to Costco or other places

I’m cancelling my card soon simply not worth to pay annual fee for the rewards, i’d rather keep the cash and use it wherever I want. I’m going to redeem points before renewal but i will wait 10% not w big difference and cibc stingy with promos
Thanks OP

I recommend you guys downgrade to the no-free Aventura instead of cancelling, and reapply at the next promotion. Keep doing this until you have enough points for your destination. Don't waste your points on these crappy rates.

Anyone get their Costco card yet?

Yep got mine today