The CIBC Aeroplan visa is a low-fee credit card that offers a generous sign-up bonus and enables you to accumulate Aeroplan Miles everywhere you purchase. It is the only free Aeroplan credit card available in Canada. And, despite having a lesser earn rate than premium Aeroplan cards, it enables customers to accrue points faster than with just an Aeroplan loyalty card. This article will examine the specifics of this no-fee Aeroplan credit card.

What’s the CIBC Aeroplan Visa Card?

The CIBC Aeroplan Visa Card is suited for those who appreciate easy travel and a simple lifestyle. Below, we’ll discuss this card’s features and understand how impressive it really is. Its features include no annual fee, interest rate equivalent to 20.99% on purchases, 22.99% on cash advances, and 21.99% for residents of Quebec and a minimum annual income criterion of $15,000, which is low.

Welcome bonus of CIBC Aeroplan Visa Card

Get 10,000 Aeroplan points after you sign up and make your first purchase. Earn from daily expenses. With this card, you can accrue 1 Aeroplan point for every $1 spent on gas, groceries, and purchases made with Air Canada and Air Canada Vacations. For each $1.50 you spend on everything else, you can get 1 Aeroplan point. You receive double the points when you make purchases from Aeroplan partners or merchants in the Aeroplan online eStore.

Coverage for Travel Insurance + Purchase Security

The CIBC Aeroplan Visa provides limited insurance protection. Given that many no-fee cards provide zero coverage, this offer is impressive. When traveling, make use of the insurance for common carriers and rental cars, which include: Collision/loss damage insurance for rented cars — of up to $65,000. Accident coverage for common carriers— of up to $100,000. You can shop confidently by using CIBC’s extended warranty insurance and purchase security.

Benefits of CIBC Aeroplan Visa

A few great benefits come with the CIBC Aeroplan Visa card. Although the amount and caliber of benefits rise with the annual subscription, they are still decent for a free card. Cardholders receive: No Annual fee. Its first remarkable perk is that you don’t have to pay a yearly fee to use this credit card. At participating Avis and Budget sites worldwide, automobile rentals can be discounted by up to 25%.

You purchase insurance of up to 90 days. Free additional cards. It’s free to add an additional user to your account. So you don’t have to worry about paying a fee every time you add a new person. That’s something to look out for! Low-income requirements: The minimum annual income criterion is $15,000, which is modest. If you’re sure of a steady annual income of that amount or more, you can apply for the card and get it!

At Chevron, Ultramar, or Pioneer gas stations, you can save 3 cents per litre. You have the option of buying rewards using points and cash. Combined points. Authorized users of the Aeroplan program can link their plan number to their credit card account. Pooling points with others will enable you to earn and use rewards more quickly. Up to one additional year of extended warranty.

Cons

Excessive interest rates: Interest on purchases is charged at 20.99%. Interest on cash advances is charged at 22.99% (21.99% in Quebec). Unimpressive travel benefits: This credit card doesn’t offer any additional travel perks than the fundamental travel insurance.

Eligibility requirements for CIBC Aeroplan visa credit card

The following prerequisites must be fulfilled to be suitable to apply for the CIBC Aeroplan Visa Card: You must be a Canadian resident. Be of legal age in your province or territory. Must have an annual household income of at least $15,000. It would help if you had a credit score within the range of Good to excellent.

Ensure that you have not filed for bankruptcy in the previous seven years. There are also required information and documentation: The following information will be requested of you during the application process: Provide your personal information, such as your full name, home address, and job title. Give your social insurance number (SIN).

FAQs

Is getting an Aeroplan credit card worth it? Anyone wishing to accumulate valuable travel reward points that can be used to book tickets without having to pay a hefty annual fee should consider the Aeroplan Credit Card. However, remember that to get approved for this card, you must have a good to excellent credit score.

Is the CIBC Aeroplan Visa card good for students? The CIBC Aeroplan Visa card doesn’t have a student-specific focus, but it has low minimum income criteria and can be an option depending on your circumstances. Can my Aeroplan expire? When an account is idle for 18 months straight, Aeroplan points become invalid. You can accumulate, use, transfer, donate, and convert points to keep your account active. Your Aeroplan points won’t expire so long as you maintain an active account.

Has CIBC Aeroplan Visa Infinite members access to lounges? When flying internationally, primary cardholders and authorized users of the CIBC Aeroplan Visa Infinite Privilege Card are each eligible for complimentary entry to any Air Canada Maple Leaf Lounge in Canada or the United States, including international Maple Leaf Lounges.

What is the welcome offer from Aeroplan? The welcome bonus for the CIBC Aeroplan Visa Card is 10,000 Aeroplan points. Once they make their first transaction, new cardholders can take advantage of the welcome incentive. Other banking institutions, including CIBC, offer several other Aeroplan credit cards. Also, the welcome offers vary depending on the type of credit card.

Conclusion

This card is a beautiful place to start if you want to accumulate Aeroplan points. The CIBC Aeroplan Visa undoubtedly offers its users a lot of benefits. It gives cardholders several outstanding advantages, a respectable earning rate, and travel accident and rental car insurance; This is an excellent package for a no-fee card.

Also, for the simple traveler and spender, this card is the best option! Benefits for these customers include no yearly fee, low-income requirements, and cost-free additional users. People who want more travel benefits can look into their credit card possibilities, as this card’s travel benefits are almost nonexistent.