CIBC AEROPLAN VISA CARD
|
The CIBC Aeroplan® Visa* Card is a no-annual-fee credit card that lets you earn Aeroplan points on everyday purchases. It’s perfect for travelers who want to accumulate points to redeem for flights and other travel-related expenses, offering a cost-effective way to enhance your travel rewards.
Welcome Offer
Summary
Rewards
This credit card rewards you with 1 point per dollar spent on gas, groceries, and Air Canada purchases, helping you earn points quickly on essential spending. For all other purchases, you earn 1 point for every $1.50 spent. Additionally, you can earn points twice when shopping with Aeroplan partners and online retailers, maximizing your rewards potential and getting you closer to your travel goals faster.
Benefits
This credit card offers exceptional travel perks, including a free fourth night on hotel stays when booking with Aeroplan points, adding significant value to your trips. With Aeroplan Family Sharing, you can combine points within your household, making it easier to reach your travel goals. The card also includes Visa Zero Liability protection and fraud alerts, ensuring your transactions are secure. Additionally, you’ll have access to Aeroplan Elite™ Status benefits, enhancing your travel experience with exclusive privileges.
Insurance
- Purchase Security and Extended Protection Insurance.
- Auto Rental Collision and Loss Damage Insurance.
- Common Carrier Accident Insurance.
Editor’s Review
CIBC Aeroplan® Visa* Card Review
General Overview
The CIBC Aeroplan® Visa* Card is a no-annual-fee credit card designed for travelers who want to earn Aeroplan points on everyday purchases. It’s an excellent choice for accumulating points to redeem for flights and other travel-related expenses, offering a cost-effective way to enhance your travel rewards.
Interest Rates
- Purchase APR: 20.99%
- Cash Advance APR: 22.99%
Welcome Offer
- 10,000 Aeroplan Points: Earn with your first purchase, valued at up to $200 in travel.
Rewards Program
- 1 Aeroplan Point per $1: Spent on gas, groceries, and Air Canada purchases.
- 1 Aeroplan Point per $1.50: Spent on all other purchases.
- Double Points: When shopping with Aeroplan partners and online retailers.
Fees
- Annual Fee: $0
- Additional Cards: Up to three additional cards at no extra cost.
Benefits
- Free Fourth Night on Hotel Stays: When booking with Aeroplan points.
- Aeroplan Family Sharing: Combine points within your household.
- Aeroplan Elite™ Status Benefits: Access to exclusive travel privileges.
- Visa Zero Liability Protection: For secure transactions.
- Fraud Alerts: For enhanced security.
Insurance Coverage
- Purchase Security and Extended Protection Insurance: Protects eligible purchases.
- Auto Rental Collision and Loss Damage Insurance: Coverage available.
- Common Carrier Accident Insurance: Coverage available.
Security Features
- Standard Visa security measures, including fraud monitoring and zero liability protection.
Pros and Cons
Pros:
- No annual fee
- Generous welcome bonus
- Earn Aeroplan points on everyday purchases
- Exceptional travel perks, including free hotel nights and family points sharing
- Comprehensive insurance coverage
Cons:
- Higher interest rates on purchases and cash advances
- Lower rewards rate on non-travel and non-essential spending
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.
- Seek travel perks like free hotel nights and family points sharing.
- Value comprehensive insurance coverage for peace of mind.
Comparison with Similar Cards
| Feature | CIBC Aeroplan® Visa* Card | TD Aeroplan Visa Infinite* Card | American Express Aeroplan Card |
|---|---|---|---|
| Annual Fee | $0 | $139 | $120 |
| Purchase APR | 20.99% | 20.99% | 20.99% |
| Cash Advance APR | 22.99% | 22.99% | 21.99% |
| Rewards | 1x on gas, groceries, Air Canada, 1x per $1.50 on other purchases | 1.5x on gas, groceries, Air Canada, 1x on other purchases | 2x on Air Canada, 1.5x on gas, groceries, 1x on other purchases |
| Welcome Offer | 10,000 points | Up to 40,000 points | Up to 15,000 points |
| Travel Insurance | Basic | Comprehensive | Comprehensive |
Final Verdict
The CIBC Aeroplan® Visa* Card offers significant value for a no-annual-fee card, especially for those who want to earn Aeroplan points on everyday purchases. With a solid welcome bonus and beneficial travel perks, it’s an attractive option for budget-conscious travelers. While it has higher interest rates and a lower rewards rate on non-essential spending, the travel benefits and lack of annual fee make it a worthwhile consideration.
Overall Score: 8/10
Disclaimer: Refer to the official credit card web page for the latest 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.
There are no reviews yet.