Understanding CIBC Pace It: Your Guide to Payment Installment Plans

In an age where financial service providers are exploring new ways to offer flexibility and convenience to customers, CIBC Pace It has emerged as an innovative payment installment plan for credit card purchases. Through online banking, mobile app or customer service, you can easily manage your plans. This comprehensive guide will take you through how this system works for each option.

Online Banking: Managing Your Pace It Plans Securely

Online banking service allows you to manage your Pace It installment plans with ease and security. From the comfort of your home or office, you can gain access to all the features of CIBC Pace It. The online platform allows you to check how much interest you’re saving, convert eligible transactions into payment installments, or cancel an existing plan if required.

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If you’re logged in to your CIBC account online, here’s a simple step-by-step guide:

• Find the credit card account you wish to convert transactions from.
• View the transactions on the account.
• Find the available transactions that are eligible for Pace It.
• Select your repayment term and review the details of your installment.
• Confirm your plan and start enjoying the flexibility of Pace It.

Mobile App: Accessibility at Your Fingertips

If you’re always on the go and prefer using a mobile app, managing Pace It Installment plans through CIBC Mobile Banking App is a breeze. The mobile app is designed intuitively and has similar functionalities as the online banking platform.

• Log in to your mobile banking app and tap on your credit card account.
• Tap on the 'Pace It' option to view eligible transactions.
• Select the transaction and the repayment term you want to convert it into.
• After reviewing the details, confirm to activate your Pace It installment plan.

Customer Service: A Personal Approach

If you prefer to talk to a human when dealing with your finances, CIBC’s customer service is available to help. You can call their Centre for personal assistance. They can offer you step-by-step guidance on how to activate your Pace It installment plan, and answer any queries you might have.

• Prepare your account details and the information about the transaction you want to convert.
• Call the customer service phone number, which is usually found at the back of your credit card.
• Follow the prompts or ask to speak directly to a customer representative.
• Provide them with the details and they will assist you in setting up your Pace It plan.

Conclusion

Regardless of the approach you prefer, CIBC has made it easier than ever to take control of your credit card repayments by introducing the Pace It installment plan option. By following the simple processes outlined in this guide via online banking, mobile app or customer service, you can better manage your financial obligations with flexibility and ease.