Common use of Loyalty Programs Clause in Contracts

Loyalty Programs. If your account allows you to earn loyalty rewards from a loyalty program operated by a loyalty program provider; you acknowledge the following: ● if you already have a loyalty program account with the loyalty program provider, it is your responsibility to provide us with the correct loyalty program account number, or if the number provided does not match any existing account, the loyalty program provider will open a loyalty program account in your name, (or if your account is joint, in the name of one of you selected by the loyalty program provider in its sole discretion); ● enrolment is not automatic if you have another CIBC product on which loyalty rewards may be earned; ● loyalty rewards will only be awarded to the loyalty program account designed by or opened for you; ● for joint accounts, loyalty rewards are credited only to one of you; ● the loyalty program provider is not: ● our agent and we are not responsible for the loyalty program or its administration, including the ability or inability to redeem loyalty rewards; and ● not responsible for your account or its administration. ● the arrangement we have with any third party loyalty program provider or the rules of the loyalty program may be changed or terminated without notice at any time; and ● the eligibility requirements to earn loyalty rewards on your account may be changed without notice at any time.