TELUS and CIBC team up to add value to Canadians' everyday purchases with new credit card

Customers can earn and redeem points for TELUS products and services with new CIBC TELUS Rewards Visa card

TORONTO, April 20, 2015 /CNW/ - Today, TELUS and CIBC announced the launch of CIBC TELUS Rewards® Visa* card, a new co-branded credit card that delivers reward options to TELUS and CIBC customers. Part of the new TELUS Rewards Program and an extension of CIBC's broad line-up of credit cards, the CIBC TELUS Rewards Visa card will offer TELUS loyalty rewards to clients on their everyday spending.

Customers can earn reward points on everyday card purchases which can be redeemed for a selection of TELUS products and services including the latest smartphones and tablets, charitable donations, travel passes and TELUS prepaid cards that can be used on a variety of products, including wireless accessories.

"As part our commitment to put customers first in everything we do, we are constantly looking for new ways to enhance our customers' experience while also making their lives easier," said Drazen Lalovic, Vice President, Emerging Markets and Capital Planning, TELUS. "Not only does this program bring customers more value for their everyday spending, it also gives them a new way to save on their next TELUS purchase, whether they're upgrading their device, activating a tablet, buying a new wireless accessory, donating to a charity or more."

"As a recognized leader in mobile innovation, we know how much Canadians love their smartphones and we're delighted to partner with TELUS to bring greater choice and deliver everyday value and rewards to our clients," says Jenny Fagg, Executive Vice President, Products and Payments, CIBC. "With our new co-branded card, clients are able to earn rewards that will allow them to upgrade to the newest smartphones, accessories and mobile services they want faster and at lower cost. Strategic partnerships like the one we have with TELUS enable CIBC to deliver banking that is easy, flexible and personalized to our clients."

Using the CIBC TELUS Rewards Visa card to earn TELUS Rewards points is easy and convenient. Customers can:

• Earn one point for every dollar spent using the rewards card
• Earn 1.5 points on all rewards card purchases at grocery and gas retailers
• Earn 1.5 points on TELUS purchases made on the rewards card - paying their monthly bill, purchasing accessories or mobile devices, etc.
• Earn additional points by signing up for pre-authorized payments and e-bill, or adding services to their account including Optik TV or adding additional subscribers
• Enjoy no annual fee

Customers can easily access their rewards account via the TELUS Rewards portal and view account information including point accumulation, points balance, activity on their rewards account and redemption options.

The CIBC TELUS Rewards Visa card is available now. For more information or to apply for the CIBC TELUS Rewards Visa card, visit www.telus.com/rewards, www.cibc.com, drop in to a CIBC branch or call CIBC credit card services at 1 800-465-4653. Customers will be able to apply for the card in store at TELUS locations across Canada later this year.

About TELUS
TELUS (TSX: T, NYSE: TU) is Canada's fastest-growing national telecommunications company, with $12 billion of annual revenue and 13.7 million customer connections, including 8.1 million wireless subscribers, 3.2 million wireline network access lines, 1.5 million Internet subscribers and 916,000 TELUS TV customers. TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video, and is Canada's largest healthcare IT provider.

In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $396 million to charitable and not-for-profit organizations and volunteered and more than 6 million hours of service to local communities since 2000. Created in 2005 by Executive Chairman Darren Entwistle, TELUS' 11 community boards across Canada have led the company's support of grassroots charities and will have contributed $47 million in support of 3,700 local charities organizations by the end of 2015, enriching the lives of more than two million Canadian children and youth. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition.

For more information about TELUS, please visit telus.com.

About CIBC
CIBC (TSX: CM) (NYSE: CM) is a leading Canadian-based global financial institution with 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Wholesale Banking - CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world. You can find other news releases and information about CIBC on our corporate website at cibc.com/ca/media-centre/.

CIBC launched the first mobile banking app in Canada in 2010, a first of its kind mobile payments app in 2012, and more recently was first among the Big 5 Canadian banks to allow clients to deposit cheques using their smartphone in 2013. In 2015, CIBC was recognized for innovation in mobile financial services and customer service by International Banker magazine and as the best in online banking among the Big 5 banks in Canada by Forrester Research. Forrester also recognized CIBC in 2014 as best in mobile banking among the Big 5 Canadian banks.

SOURCE CIBC

Image with caption: "CIBC TELUS Rewards® Visa* card (CNW Group/CIBC)". Image available at: http://photos.newswire.ca/images/download/20150420_C9154_PHOTO_EN_43425.jpg

Image with caption: "TELUS (CNW Group/CIBC)". Image available at: http://photos.newswire.ca/images/download/20150420_C9154_PHOTO_EN_43427.jpg