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How to Set Up Automatic Credit Card Payments with CIBC: Your Comprehensive Guide

Managing credit card payments can be a daunting task. Late payments, unfortunately, can lead to reduced credit scores, increased interest rates, and additional charges. One way to avoid these issues is to set up automatic credit card payments. This guide will walk you through the process of setting up automatic credit card payments with CIBC via online banking, mobile app, and customer service call.

Setting up via Online Banking

One way to make automatic credit card payments is through CIBC online banking. Here's how to set it up:

• First, you'll need to log in to your CIBC online banking account.
• Click on the “Payments” tab found in the main menu.
• Select “Set Up a Pre-Authorized Payment”
• Follow the prompts, enter your credit card information and the specifics for your automatic payments.
• Once you've finalized the details, confirm your settings.

Once you've done this, your automatic credit card payment is all set up. Make sure to monitor your account to ensure each payment goes through as expected.

Setting up via Mobile App

Another way to set up automatic payments for your CIBC credit card is through the use of the CIBC Mobile Banking App. Follow these steps:

• Launch the CIBC mobile banking app on your smartphone or tablet.
• Log in to your account using your CIBC Online Banking ID and password.
• Tap on the “Menu” icon located in the upper left-hand corner.
• Select the “Transfer and Payments” option.
• Choose “Set up automatic payments” and follow the prompts that appear.
• Make sure to confirm the details before exiting.

Remember, it's crucial to keep track of your payments to avoid overdraft or insufficient fund charges. CIBC may send you alerts for successful and unsuccessful automatic payments, depending on your notification settings.

Setting up via Customer Service Call

If you prefer speaking to a representative, you can also set up automatic credit card payments by calling CIBC's customer service. Here are the steps:

• Call CIBC customer service at 1-800-465-2422.
• When prompted, select the option to speak to a customer service representative.
• Ask the representative to set up automatic payments for your credit card.
• Provide the information requested, which will typically include your credit card number, banking information, and details about how much and when you'd like the system to pay automatically.

It's good practice to write down the representative's name or identification number in case any issues arise later. The representative will give you a confirmation reference, keep it safe as it will be useful in case any discrepancies arise.

Setting up automatic credit card payments with CIBC eliminates the chances of you forgetting to pay your monthly bills. Whether you choose to do it via online banking, mobile app, or a customer service call, ensure the setup process is complete and correct. This step ensures smooth transactions every time and secures your credit score.