Summer is special for us Canadians. We know just how fleeting those four precious months can be, which is a big reason why we make every effort to soak up every last morsel of sun. One great way to take advantage of stellar summer weather? Grab your family or friends and venture out on a road trip.
While most of us love the idea of driving across the country with the wind in our hair, we also have to be realistic about rising gas prices. It’s no longer quite as affordable to hit the open road—but you shouldn’t let that deter you from taking advantage of prime road trip season.
If you’re strategic with your spending, there are all sorts of ways to save money at the pumps this summer, and one of the best ways is by taking advantage of credit card perks and benefits to help offset today’s high gas prices.
When it comes to earning cash back at the pumps, it doesn’t get any better than the CIBC Dividend® Visa Infinite* Card. Offering a whopping 4% cash back on eligible gas, you won’t find a higher percentage on gas at any of the other big five banks†. And it’s not just gas you’ll be earning on, either. The Dividend Visa Infinite also rewards you with 4% back on eligible groceries, plus up to 2% on everything else, so the food you’re purchasing for those summer road trips and backyard BBQs will be working to save you money as well. Best of all? There’s no limit on the total amount of cash back you can earn.
But the savings don’t stop there. By linking your CIBC Dividend Visa Infinite to a free Journie Rewards account, you can automatically save up to 10 cents per litre at participating Pioneer, Fas Gas, Ultramar and Chevro stations†. It’s all on top of the cash back you’re already earning by using your CIBC Dividend Visa Infinite to pay, allowing you to effectively “double dip” when it comes to gas rewards. (Double dipping at that backyard BBQ is still frowned upon, though.)
Here’s how it works: You’ll save 3¢ per litre every time you fill up at a participating Pioneer, Fas Gas, Ultramar and Chevron stations, plus an additional 7¢/L every time you reach 300 Journie points†. Ready to begin planning that road trip yet?
If you don’t have a car of your own, or just want to spare your ride from the extra wear and tear, the CIBC Dividend Visa premium cards offer another great perk to help you save on yet another common road trip expense: rental car insurance. Purchasing coverage from a car rental company can add anywhere from $20 to $40 a day in additional fees, but the CIBC Dividend Visa Infinite and CIBC Dividend Platinum® Visa* cards both provide car rental insurance for theft or damage. In case you have questions before renting a car with your CIBC Dividend Visa Card, you should contact the insurance company.
Whether you’re planning a summer road trip or just in the market for a new credit card, there’s never been a better time to apply for a CIBC Dividend Visa. Apply online today to receive a special welcome bonus that will go a long way towards helping you make the most of summer. Right now, new cardholders will earn 10% cash back on their first four statements on net purchases of up to $2,000 †. That’s up to $200 in bonus cash back, plus savings of up to 10¢ per litre with CIBC and Journie Rewards. That’s enough to cover gas for your next weekend getaway, and then some.
The open road is calling, and it’s your turn to answer.
Looking to save more at the pump year-round? Visit cibc.com to apply for the CIBC Dividend Visa, then be sure to link your card to Journie Rewards to maximize your savings.