CIBC has launched the innovative CIBC Adapta Mastercard, Canada’s first credit card that automatically adapts to your spending habits, delivering 50% more points where you shop most.
The new, no annual fee card revolutionizes how Canadians earn rewards by automatically identifying your top three spending categories each month and awarding 1.5 Adapta Points per dollar in those categories, with one point per dollar everywhere else.
A credit card that adapts to your spending habits
The Adapta Mastercard is a new contender in the world of the very best Canadian credit cards. Unlike other cards that earn enhanced rewards in set categories, the Adapta Mastercard automatically adapts to your spending habits.
Cardholders earn 1.5 Adapta points on their top three spending categories each month and one Adapta point on all other purchases. There’s none of the confusing categories or restrictions you’d expect: simply use the Adapta Mastercard to make purchases and CIBC automatically calculates your highest earning category, with no activation required.
Here’s the list of eligible bonus categories:
- Grocery and drug stores
- Dining and drinks
- Gas and EV charging
- Transit and parking
- Home improvement
- Electronics
- Clothing
- Entertainment
- E-games and subscriptions
- Pet stores
- Health and beauty
- Hotels and motels
Adapta points are redeemable for cash back as a statement credit to your Adapta Mastercard account balance, or as a deposit into an eligible CIBC financial product.
Adapta points welcome bonus: A nice head start
To celebrate the launch, CIBC is giving new Adapta™ Mastercard® accounts up to $100 in value thanks to a special, limited-time only welcome bonus:
- 3,000 Adapta points after your first purchase (worth up to $25)
- 3,000 additional Adapta points when you spend $1,000 in the first four monthly statement periods (worth up to $25)
- Complimentary DAA roadside assistance membership after your first purchase (a $50 value)
Read more: Best rewards credit cards in Canada
New Adapta Mastercard: A game-changer
"Our new CIBC Adapta Mastercard is a differentiator in the market as it delivers true flexibility to cardholders, putting control in their hands to help them realize their ambitions," Diane Ferri, Senior Vice-President, Day-to-Day Banking, CIBC, said in a statement. "Adapta is a unique no annual fee card, offering flexibility to earn points on all purchases. The first of its kind, it’s the only credit card where cardholders earn bonus points on their personal top three spend categories each month, whether it be pet stores, clothing or important everyday essentials like groceries and gas."
Notched design brings accessibility to credit cards
Another gamechanging feature of the Adapta Mastercard is the unique touch card design that includes a notch, which enables people who are blind or have low vision to distinguish their payment cards from one another using touch.
"We’re proud to partner with CIBC on the new CIBC Adapta Mastercard credit card, featuring Mastercard’s Touch Card design for enhanced accessibility to ensure all Canadians can navigate payments with ease and confidence," Diane Miquelon, Senior Vice President, Financial Institutions, Mastercard, Canada said in a statement. "Combining Adapta’s personalized experience with accessibility, this innovative offering empowers Canadians in every transaction."
Other unique features of the new CIBC Adapta Mastercard include:
- A cutting-edge design with vertical orientation, a vibrant red centre and made using recycled plastic
- Roadside assistance, offered by Dominion Automobile Association
- Purchase Security and Extended Warranty Insurance
- Get a 12-month Skip (Skip-the-Dishes) free trial when you link your CIBC Adapta credit card
- Save up to 10 cents per litre on gas every time you fill up at participating gas stations when you link your Adapta Mastercard with Journie Rewards
Read more: Best CIBC credit cards
About CIBC
CIBC is a leading North American financial institution serving 14 million clients across personal banking, business, public sector, and institutional segments. We recommend CIBC for its comprehensive financial solutions delivered through its digital banking network and locations across Canada, the United States, and globally.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
