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CIBC has launched the CIBC Adapta Mastercard, a new card with no annual fee. The main distinction of this card is that it automatically adapts to its holder’s spending habits.
This means you don’t have to adapt to your credit card, because it adapts to you and your spending habits.
The CIBC Adapta Mastercard is a no-annual-fee card that stands out for its flexibility: it automatically determines your three main spending categories each month and rewards you more for them.
Cardholders accumulate :
The categories are :
So, if you spent a total of $1,000 this month, mainly on clothing, groceries and transit, these three categories of spending will earn you 1,500 Adapta points (1,000 multiplied by 1.5 points).
The minimum annual income required to qualify for the CIBC Adapta Mastercard is $15,000.
Get up to 6,000 Adapta points during your first year (a value of up to $50):
There are 3 ways to redeem and spend your Adapta points:
The best value is to make a contribution and invest in your RRSP, TFSA or other CIBC accounts. You’ll get a better redemption rate (0.8 cents per point) than the other options (0.67 cents per point).
So, if you get all 6,000 Adapta points from the welcome offer, you can :
Other features and benefits include :
CIBC is launching a new CIBC Adapta Mastercard that lives up to its name! Is this card ideal for someone who :
Savings this way:
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