Do I need to sign up for the 1% cash back?
No, you don't need to sign up. The cashback offer on the card automatically applies to every card owner, though with specific terms and conditions. However, this promotion is time-limited.
Is there a minimum or maximum amount loadable to the card?
No, the card has no minimum loadable amount, but yes, it has a maximum loanable amount. The amount it can hold at a time doesn't exceed $20,000 CA, and it's equivalent in any currency of your choice. Also, within 24 hours, you cannot load more than $3,000 CA and its equivalent.
Do I get charged transaction fees?
No, you don't have to pay transaction fees if the currency you pay is loaded on your card. However, when you transact with no money loaded on your card, you must pay a foreign transaction fee of 2.5%.
What are the fees associated with CIBC Air Canada Prepaid Card?
Usually, the terms and conditions provide you with all related fees. The card has no monthly fee, cost per transaction, or foreign transaction fee. However, you are charged if you withdraw from non-CIBC ATMs more than once a month.