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New CIBC Aeroplan Credit Card Offers for Spring 2021 Ricky February 1, 2021

New CIBC Aeroplan Credit Card Offers for Spring 2021

Following in TD’s footsteps, CIBC has now announced the latest round of offers on their Aeroplan co-branded credit cards:

After a disappointing set of offers as of the cards’ relaunch in November 2020, CIBC’s new signup bonuses are much more palatable this time around. Let’s take a closer look at these offers, which are valid beginning as of February 1 with an open-ended expiry date. 

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CIBC Aeroplan Visa Infinite: 20,000 Aeroplan Points + Air Canada Buddy Pass

After a measly bonus of 10,000 Aeroplan points last time around, the CIBC Aeroplan Visa Infinite now offers a more competitive welcome bonus that’s more befitting of the core product.

The card will offer 20,000 Aeroplan points and an Air Canada Buddy Pass, along with a first-year waiver of the $139 annual fee:

  • 10,000 Aeroplan points upon first purchase
  • 10,000 Aeroplan points and an Air Canada Buddy Pass upon spending $1,000 in the first four months

This puts the CIBC Aeroplan Visa Infinite’s signup offer in line with its TD counterpart. Even though we’ve seen higher offers than 20,000 Aeroplan points before, the Air Canada Buddy Pass adds meaningful value to the overall offer if you’re a traveller who can make good use of it.

Remember, the Air Canada Buddy Pass is a buy-one-get-one voucher on paid Air Canada flights in economy class within North America. The second passenger will pay a $0 base fare and only the taxes and fees. With a one-year validity period and the ability to book travel up to one year ahead, Buddy Pass holders have an effective two-year window to redeem for a trip.

As a reminder, the CIBC Aeroplan Visa Infinite’s offers the following earning rates on everyday spending:

  • Earn 1.5 Aeroplan points per dollar spent on groceries, on gas, and with Air Canada
  • Earn 1 Aeroplan point per dollar spent on all other purchases

Meanwhile, the card’s key benefits for cardholders include preferred pricing for Aeroplan redemptions on Air Canada, as well as a free first checked bag for you and your party on Air Canada flights.

Lastly, the CIBC Aeroplan Visa Infinite requires either $60,000 in annual personal income or $100,000 in annual household income to be eligible to apply.

CIBC Aeroplan Visa Infinite Privilege: Up to 75,000 Aeroplan Points

If you’re someone who would prefer to earn more Aeroplan points in lieu of the Buddy Pass, the CIBC Aeroplan Visa Infinite Privilege might serve you well.

CIBC’s premium Aeroplan credit card now rivals American Express with its new signup bonus of 75,000 Aeroplan points, distributed over the first year as follows:

  • 20,000 Aeroplan points upon first purchase
  • 25,000 Aeroplan points upon spending $3,000 in the first four months
  • 2,500 Aeroplan points for each of the first 12 months in which you spend $2,000, up to a total of 30,000 Aeroplan points

As you can see, a total of 45,000 Aeroplan points are on the table under the traditional three-month minimum spending window. In addition, there’s a further 30,000 Aeroplan points that you can earn during the first year, spread out evenly over 12 months of spending $2,000 in each monthly statement period.

The total of 75,000 Aeroplan points comes closer to justifying the card’s $599 annual fee than the previous lacklustre offer of 20,000 Aeroplan points and an Air Canada Buddy Pass. Indeed, it’s worth noting that there’s no Air Canada Buddy Pass on the CIBC Aeroplan Visa Infinite Privilege this time around.

The 12-month period for earning the full bonus makes this a “slower” card than, say, the American Express Aeroplan Reserve Card or the American Express Aeroplan Business Reserve Card, where the full 75,000 Aeroplan points can be earned in a shorter six-month period.

Moreover, $2,000 per month is not an insignificant sum – certainly, you’ll need to put much of your regular everyday spending on the card, but you could also potentially put that spending on another credit card and working towards the minimum spending requirement there. It’ll be up to you whether the monthly spending component of this offer is worthwhile based on your own spending patterns.

If you choose to only focus on the first two components, you’d be earning 45,000 Aeroplan points after spending $3,000. That’s not a bad return on paper, and it’s already pretty close to the highest offer we’ve ever seen on this card of 50,000 Aeroplan points.

Either way, it’s good to see CIBC bucking the trend compared to TD here and offering a juicier bonus in terms of Aeroplan points alone, giving a much-needed option to travellers who may not place great value on the Air Canada Buddy Pass and would prefer to earn more Aeroplan points instead.

The card’s earn rates are as follows:

  • Earn 2 Aeroplan points per dollar spent at Air Canada
  • Earn 1.5 Aeroplan points per dollar spent on groceries, gas, travel, and dining
  • Earn 1.25 Aeroplan points per dollar spent on other purchases

In addition to the travel benefits offered by the lower-tier cards, the Visa Infinite Privilege card also comes with a Priority Pass membership and six lounge passes per year, Maple Leaf Lounge access and priority airport services when flying with Air Canada, Elite Status benefits like rollover Status Qualifying Miles (SQM) and eUpgrades, and the ability to earn an Annual Worldwide Companion Pass upon spending $25,000 every year.

The Visa Infinite Privilege card requires $200,000 in annual household income to qualify.

CIBC Aeroplan Visa Business: 20,000 Aeroplan Points + Air Canada Buddy Pass

The CIBC Aeroplan Visa Business, geared towards small business owners, continues to mirror the personal core product.

You’ll earn 20,000 Aeroplan points and an Air Canada Buddy Pass, along with a first-year waiver of the $180 annual fee:

  • 10,000 Aeroplan points upon first purchase
  • 10,000 Aeroplan points and an Air Canada Buddy Pass upon spending $3,000 in the first four months

The only difference to the Visa Infinite version is that the minimum spending requirement is higher at $3,000 instead of $1,000 during the first four months.

Just like the personal card, 20,000 Aeroplan points falls short of previous high offers we’ve seen on the CIBC Aeroplan Visa Business, but the Air Canada Buddy Pass could significantly boost the value proposition for the right type of traveller.

The CIBC Aeroplan Visa Business offers earning rates that are geared towards common spending categories for small businesses:

  • Earn 2 Aeroplan points per dollar spent with Air Canada
  • Earn 1.5 Aeroplan points per dollar spent on shipping, internet, cable, phone, dining, and travel
  • Earn 1 Aeroplan point per dollar spent on all other purchases

Meanwhile, the card’s key benefits for cardholders also mirror those of the Visa Infinite: preferred pricing for Aeroplan redemptions on Air Canada, as well as a free first checked bag for you and your party on Air Canada flights.

Personally, I’ve had pretty smooth experiences getting approved for the CIBC Aeroplan Visa Business both online and in-branch, although I know others have complained that the application process for this card can be quite cumbersome.

I’d recommend familiarizing yourself with the best practices for applying for business cards in order to maximize your odds of success.

CIBC Aeroplan Visa Card: 10,000 Aeroplan Points

The CIBC Aeroplan Visa Card is the only no-annual-fee product among all Aeroplan co-branded credit cards. Just like the last round, this card will continue to offer 10,000 Aeroplan points as a signup bonus, and preferred pricing on Air Canada flights as its sole meaningful benefit.

During the last round of offers, all three of CIBC’s other products had stated an expiry date of January 31, but the CIBC Aeroplan Visa Card stated no such expiry date.

This leads me to believe that 10,000 Aeroplan points will be the standard ongoing offer on this card, while the other three products will undergo rotating signup bonuses on a regular basis. As a no-fee product, there isn’t much room for the bonuses to swing too wildly anyway.

While the CIBC Aeroplan Visa Card is pretty no-frills, it remains a good option for those of you who’d like to participate in the Aeroplan ecosystem (in the form of 10,000 points and preferred pricing) without paying an annual fee.

Conclusion

CIBC’s new Aeroplan offers have hit the market, and they do indeed reflect what we had suspected upon seeing the lacklustre offers of November 2020: TD and CIBC had very much held back on their best offers at the time of the launch, saving their bigger ammunition for early 2021 instead. 

The CIBC Aeroplan Visa Infinite and CIBC Aeroplan Visa Business are both now fairly well-rounded offers to consider, offering 20,000 Aeroplan points with first-year fee waivers. If you can maximize the Air Canada Buddy Pass, you’ll unlock significant value from either one of these cards.

Meanwhile, the CIBC Aeroplan Visa Infinite Privilege has given us the much-needed alternative to the Buddy Pass that many of us have been craving as solo travellers and dedicated maximizers of Aeroplan points. The card is offering a record-high total of 75,000 Aeroplan points, although we’ll be made to work for it with a monthly spending component that’s distributed over the first year of holding the card.

Finally, CIBC’s no-fee Visa Card keeps its offer flat to before, but continues to fulfill an important role in the market as the only no-fee product in the Aeroplan lineup.

While CIBC’s offers do not come with a stated expiry date this time around, I’d expect them to follow a similar timeline to TD’s offers and remain in place through the late spring and early summer. If you’re interested, I’d recommend applying sooner rather than later!

Top Offers

American Express Business Platinum Card

100,000 American Express Membership Rewards points
upon spending $10,000 in the first three months

  • 1.25x MR points on all purchases
  • Points transfer to Aeroplan and British Airways Avios at a 1:1 ratio
  • Unlimited Priority Pass access
  • Marriott Gold Elite status
Signup bonus
100,000 MR points
Annual fee
$499