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[PROMOTION] CIBC Petro-Points MasterCard

CIBC is offering a 30,000 sign up bonus Petro-Points promotion on its CIBC Petro-Points MasterCard, which is doubled the regular 15,000 sign up bonus points. Below are the highlights of the credit card.

  • No annual fee
  • Earn 30,000 sign up bonus points after the first purchase (if you sign up before August 31, 2015)
  • Earn 5,000 bonus points for every $1,000 spent per month
  • Earn 15 points for every $1 spent at Petro-Canada, grocery stores and drug stores
  • Earn 10 points for every $1 spent on all other purchases
  • Save 2 cents per litre of gas at Petro-Canada

If you fill up at Petro-Canada and enjoy earning Petro-Canada points, then I would definitely have this credit card in my wallet.

I value 1 point at 0.09 cents a piece, so 15 points per $1 spent comes out to 1.35% return. There are definitely better options out there to get better than 2% return on gas purchases, but just in case you do not have those options, the no annual fee makes this a no-brainer back up credit card.

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Pointshogger aims to provide analysis and updates on earning loyalty reward points and maximizing the value of your points. We hope to inspire our readers to experience the joy of travel and make the most out of what they've already got!

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