CIBC customers dinged when bank adds $5 fee to e-gift cards, calling them a 'cash advance'
CIBC customers who recently bought e-gift cards for Starbucks, Home Depot, Canadian Tire and a host of other stores were surprised to see a $5 fee added to the transaction on their credit card statements. CIBC initially said it considers the gift cards a “cash advance,” but has now decided to scrap the fee.
![CIBC customers dinged when bank adds $5 fee to e-gift cards, calling them a 'cash advance'](https://i.cbc.ca/1.7172599.1712954226!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/catharine-murphy.jpg)
![A white woman in a striped long-sleeved shirt sits are her kitchen table holding up a credit card statement with one line highlighted.](https://i.cbc.ca/1.7172599.1712954226!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/catharine-murphy.jpg)
CIBC customers who recently bought e-gift cards for Starbucks, Home Depot, Canadian Tire and a host of other stores were surprised to see a $5 fee added to the transaction on their credit card statements. CIBC initially said it considers the gift cards a “cash advance,” but has now decided to scrap the fee.