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CIBC Student discount
last_updated: March 18, 2026
$325 discount
Triple Your Perks: Up to $325 in Value.
Unlock Your Student Discount by CIBC
The CIBC Best Student Life Bundle is a comprehensive financial package for students in Canada that offers up to $325 in total value by combining a chequing account, a savings account, and a student credit card into a single application.
This bundle is designed to simplify student banking while providing immediate cash incentives and long-term savings perks. A standout feature is the automatic upgrade to SPC+, which provides enhanced discounts of up to 30% off at over 450 brands (an average annual saving of $340 compared to the standard SPC membership).
How to Claim
Apply online for the CIBC Best Student Life Bundle (Chequing, Savings, and Credit Card). Complete 5 Visa Debit purchases within a single month (within 2 months of opening) to earn $125. Make your first credit card purchase to unlock up to $150 in cash back or point value. Maintain a $100 balance in both your chequing and savings accounts for two months to secure the $50 bonus.
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"Choose flat-pack to save money."
Top Deals from the CIBC
CREDIT CARD DISCOUNT
$125 OFF
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Other Ways to Save Money on CIBC
Leverage the "Refer a Friend" Program
One of the most repeatable ways to earn extra cash is through the CIBC Referral Program. For every friend or family member who opens a new eligible CIBC student account using your referral link, both you and your friend will receive $50. You can earn this bonus for up to 50 referrals per year, potentially adding up to $2,500 in annual tax-free income simply by helping your peers switch to a no-fee banking provider.
Enter the "Full Ride" $35,000 Contest
By opening an eligible student product in 2026, you are automatically entered into the CIBC Full Ride Contest hosted by the Student Life Network. This massive giveaway offers one lucky student $35,000 to "obliterate" their tuition or student debt. Even if you don't win the grand prize, the partnership frequently includes smaller monthly "Flash Prizes" such as $2,000 for groceries, Nintendo Switch bundles, and tech shopping sprees, making it a high-value passive way to secure extra funds.
