CIBC PLANS REWARDS CARD WITH TIM HORTONS

Canadian Imperial Bank of Commerce, the lender that sold half its most popular credit-card portfolio last year, will offer a new card that rewards users with loyalty points for doughnut chain Tim Hortons. The CIBC Tim Hortons Double Double Visa Card combines a rewards program for Canada’s largest restaurant chain with a no-annual-fee card for the Torontobased bank. Tim Hortons has 3,610 outlets in Canada and 870 in the U.S. The card will offer “first-of-its-kind technology” with lighted buttons that allow users to choose between the Visa credit card and the rewards program, the companies said Friday. CIBC will begin offering the card on Wednesday.