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Pay CIBC Credit Card with any credit card and earn up to 2% cash back with Neobanc, on top of your card's rewards. Setup takes 2 minutes.
Quick answer:
CIBC Credit Card bills average around $590/month for a typical household. CIBC says payments from a non-CIBC account can take up to 5 business days to update the card balance, schedule well before the due date.
Check the front of your CIBC card or your monthly statement. Enter it exactly as shown when adding the payee.
Yes, and it's the whole point. Most billers don't reward you for how you pay. Through Neobanc, your card earns its normal rewards and Neobanc adds 1% to 2% cash back on top. On a typical $590/month CIBC Credit Card bill, that's roughly $283 back per year between a 2% cash-back card and Neobanc, for the exact same bill.
Average $590/month: a 2% cash-back card returns about $11.80/month, and Neobanc adds $5.90 to $11.80 on top, roughly $283 per year for switching how you pay, not what you pay.
Change how you pay before what you pay. Paying by bank transfer or Pre-authorized payments earns nothing; the same bill through Neobanc with a cash-back card returns about $283 a year. CIBC warns missed payments can affect your credit score, raise your interest rate, and put holds on the account. A recurring Neobanc payment a few business days before the due date earns on every cycle and never runs late.
