CIBC Aeroplan Visa Card

The CIBC Aeroplan Visa Card is a unique option among no-annual-fee credit cards, offering the ability to earn Aeroplan points without the typical annual fees associated with travel rewards cards. While the rewards ratio is slightly lower compared to other no-annual-fee cards, it still provides a valuable opportunity to accumulate Aeroplan points at no cost. Additionally, this card includes limited travel insurance, adding an extra layer of protection for your trips. If you’re looking to earn Aeroplan rewards without incurring annual fees, the CIBC Aeroplan Visa Card is an excellent choice.

Card Summary:

This credit card has no annual fee and no cost for additional cards. It allows you to earn Aeroplan rewards, making it a great option for those who want to accumulate points for travel and other benefits without any extra costs.

Rewards Summary:

This credit card offers a welcome bonus of 10,000 Aeroplan points when you make your first purchase. You earn 1 Aeroplan point for every dollar spent on gas, groceries, and Air Canada purchases, and 1 Aeroplan point for every $1.50 spent on all other purchases. Additionally, you can double your points when shopping at Aeroplan partners. The rewards ratio provides approximately 0.9% value back on the amount spent, making it a valuable choice for earning travel rewards.

Benefits Summary:

This credit card features a flexible program for redeeming points, allowing you to use your Aeroplan points in a way that best suits your needs. It also includes a Zero Liability Policy, protecting you from unauthorized transactions, and fraud alerts to keep your account secure.

Insurance Summary:

• Purchase Security
• Auto Rental Collision and Loss Damage Insurance
• Extended Protection Insurance
• Common Carrier Accident Insurance

Editor’s Review

CIBC Aeroplan Visa Card Review

The CIBC Aeroplan Visa Card is a standout option among no-annual-fee credit cards, offering the ability to earn Aeroplan points without the typical annual fees associated with travel rewards cards. While its rewards ratio may be slightly lower compared to other no-annual-fee cards, it provides a valuable opportunity to accumulate Aeroplan points at no cost. The card also includes limited travel insurance, adding an extra layer of protection for your trips. If you’re looking to earn Aeroplan rewards without incurring annual fees, the CIBC Aeroplan Visa Card is an excellent choice.

Card Summary:

• Annual Fee: None
• Supplementary Card Fee: None
• Interest Rates: Not specified
• Income Requirement: Not specified

Rewards Program:

• Welcome Bonus: 10,000 Aeroplan points with the first purchase (valued up to $200)
• 1 Aeroplan point per dollar: On gas, groceries, and Air Canada purchases
• 1 Aeroplan point per $1.50: On all other purchases
• Double Points: When shopping at Aeroplan partners
• Rewards Ratio: Approximately 0.9% value back on the amount spent

Benefits:

• Flexible Points Redemption: Use Aeroplan points in a way that suits your needs
• Zero Liability Policy: Protection against unauthorized transactions
• Fraud Alerts: Keep your account secure with real-time notifications

Insurance Coverage:

• Purchase Security: Protection against theft or damage for purchases
• Auto Rental Collision and Loss Damage Insurance: Coverage for rental cars
• Extended Protection Insurance: Extends the warranty period on eligible purchases
• Common Carrier Accident Insurance: Coverage for accidents while traveling on a common carrier

Pros and Cons

Pros:

• No annual fee
• Welcome bonus of 10,000 Aeroplan points
• Ability to earn Aeroplan points on everyday purchases
• Basic travel and purchase insurance included
• Flexible points redemption options

Cons:

• Lower rewards ratio compared to some other no-annual-fee cards
• Interest rates not specified (important for those who may carry a balance)
• Limited travel insurance coverage

Who is this card for?

This card is ideal for individuals who:

• Want to earn Aeroplan points without paying an annual fee
• Frequently spend on gas, groceries, and Air Canada purchases
• Value the flexibility of redeeming Aeroplan points for travel and other rewards
• Seek basic travel and purchase protection benefits

Comparison with Similar Cards

Final Verdict

The CIBC Aeroplan Visa Card is a valuable option for those looking to earn Aeroplan points without the burden of annual fees. With a welcome bonus, competitive earning rates on key spending categories, and flexible redemption options, it provides a solid opportunity to accumulate travel rewards. The included insurance benefits add an extra layer of security, making it an attractive choice for budget-conscious travelers and everyday spenders alike.

View other $0 annual fee credit cards.

View other CIBC credit cards.

Disclaimer: Refer to the credit card official web page for the latest up to date rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.