What fees are associated with a CIBC Mastercard?

CIBC Mastercard offers a variety of card options, each with its own set of fees and features. Common fees that cardholders may encounter include annual fees, foreign transaction fees, and cash advance fees. Annual fees may vary based on the specific card chosen. Some cards may offer a no-fee structure, while others may charge an annual fee that provides additional benefits or rewards. It is important for users to review the details of their specific card to understand the fee structure and associated benefits. Foreign transaction fees typically apply when making purchases in a currency different from Canadian dollars. CIBC Mastercard generally charges a percentage of the transaction amount for foreign transactions. This fee is often around two and a half percent, but it can vary. Cash advances are another area where fees may arise. When cardholders use their Mastercard for cash advances, they may incur a cash advance fee and higher interest rates than those for regular purchases. To obtain the most accurate and up-to-date information regarding fees, customers are encouraged to visit the CIBC website. This will ensure that they have access to the latest details relevant to their specific Mastercard.