CIBC credit cards
Two Toronto-based institutions, the Canadian Bank of Commerce and the Imperial Bank of Canada, merged in 1961 to create a new powerhouse: the Canadian Imperial Bank of Commerce (CIBC). Now, CIBC is the fifth largest Canadian bank by deposits.
Among the major Canadian banks, CIBC is known as an innovator and a risk taker, and it has a long history of being first to market with new technology and products. It was the first bank in Canada to introduce 24-hour ATMs; the first to computerize customer information; the first to operate an investment broker-dealer (now known as CIBC World Markets); and the first to facilitate telephone and internet banking. In a particularly bold move, CIBC partnered with retailing giant Loblaws to create President's Choice Financial, one of the first alliances of its kind in Canada. CIBC was even first to market with an iPhone app. Of the Big Five Canadian banks, CIBC also has one of the best credit card portfolios because it's deeply linked to Visa and MasterCard.