{"id":401567,"date":"2020-12-17T06:03:22","date_gmt":"2020-12-17T11:03:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401567"},"modified":"2020-12-17T06:03:22","modified_gmt":"2020-12-17T11:03:22","slug":"cibc-clients-can-now-earn-rewards-when-sending-funds-to-loved-ones-abroad-this-holiday-season","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cibc-clients-can-now-earn-rewards-when-sending-funds-to-loved-ones-abroad-this-holiday-season\/","title":{"rendered":"CIBC clients can now earn rewards when sending funds to loved ones abroad this holiday season"},"content":{"rendered":"
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Canada NewsWire<\/p>\n<\/p><\/div>\n

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\n CIBC Global Money Transfer\u2122 can now be paid for using eligible credit cards,<\/i>
\n \u00a0giving clients greater flexibility, plus the ability to earn cash back or travel points<\/i>\n <\/p>\n

\n TORONTO<\/span>, Dec. 17, 2020<\/span> \/CNW\/ –\u00a0Today CIBC announced a new payment option for CIBC Global Money Transfers, enabling clients to pay using an eligible CIBC credit card, and to earn cash back or travel rewards during the holiday season. CIBC is the first major Canadian bank to offer this Global Money Transfer payment option, along with the ability to earn rewards.<\/p>\n

Clients with loved ones overseas or across borders can now send a CIBC Global Money Transfer (GMT) paid for with a CIBC credit card, with no upfront fee and no interest charged on the purchase if the balance is paid in full by each statement due date.1<\/sup>\u00a0Most CIBC personal credit cards are eligible for this service.2<\/sup>\u00a0For a limited time, from now until January 31, 2021<\/span>, credit card holders can earn rewards on every dollar they spend on a Global Money Transfer. Clients can also continue to send money through this innovative service using their chequing or savings accounts. <\/p>\n

“2020 has been an unprecedented year, and we want to support our clients who may be providing financial assistance or would like to send monetary gifts to their loved ones around the world” said Diane Ferri<\/span>, Senior Vice President, Cards, at CIBC. “This new Global Money Transfer service payment option offers our clients greater flexibility to send funds to friends or family abroad \u2013 plus, they’re rewarded with promotional cash back or travel points into the new year.”<\/p>\n

CIBC Global Money Transfer, first launched in 2015, is powered by the foreign exchange expertise and technology of CIBC Capital Markets, working in close collaboration with Personal and Business Banking teams to make it easier, faster and affordable for clients to send money overseas.<\/p>\n

Some of the features of CIBC’s Global Money Transfer service include:<\/p>\n