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CIBC Aeroplan Visa Business

Last updated on: November 8, 2020
  • 10,000 Aeroplan points + Buddy Pass
  • $180 Annual fee, waived for the first year
Best offer is available publicly until January 31, 2021
Signup bonus:
10,000 Aeroplan points upon first purchase
Air Canada Buddy Pass upon spending meeting minimum spending
Minimum spending:
$3,000 in the first four months
Annual fee:
$0 for the first year, then $180
Earning rate:
2 Aeroplan points per dollar spent on Air Canada and Air Canada Vacations
1.5 Aeroplan points per dollar spent on shipping, internet, cable, phone, dining, and travel
1 Aeroplan point per dollar spent on all other purchases
Perks & benefits:
Free first checked bag on Air Canada flights
Preferred pricing on Air Canada flights
Insurance
Good

Bonuses & Fees

You can earn a total of 10,000 Aeroplan points by applying for the CIBC Aeroplan Visa Business. There’s no minimum spend as you’ll earn all the points after making a single purchase on the card. You’ll also earn an Air Canada Buddy Pass after spending $3,000 in the first four months.

The annual fee is $180, although the annual fee is waived for the first year, so that’s a pretty significant savings.

The signup bonus of 10,000 points is one of the lower offers we’ve seen on this card. If you’re primarily looking to earn Aeroplan points for high-value redemptions, then it might be a good idea to wait for a better offer before applying.

However, some travellers might place a higher value on the Air Canada Buddy Pass, which is essentially a buy-one-get-one voucher for paid Air Canada economy class flights within North America. If you’d be able to unlock value from the Buddy Pass because you’ve planned some upcoming travel as a couple or a family, then that makes this offer worth considering.

Supplementary cards may be added for an annual fee of $50 apiece, although the first three supplementary cards enjoy a first-year annual fee waiver under the current promotion.

Earning Rewards

In terms of the return on everyday spending, the CIBC Aeroplan Visa Business offers:

  • 2 Aeroplan points per dollar spent on Air Canada and Air Canada Vacations
  • 1.5 Aeroplan points per dollar spent on shipping, internet, cable, phone, dining, and travel
  • 1 Aeroplan point per dollar spent on everything else

The earn rates are identical to the TD Aeroplan Visa Business, and are on par with the CIBC Aeroplan Visa Infinite geared towards consumers. While the return on bonus categories is decent, there are also arguably better choices on the market, too.

Having said that, if you’re a small business owner who spends a lot on shipping, internet, cable, and phone purchases, then this card might be the right fit, since there aren’t many other products offering bonus earn rates on these categories.

Perks & Benefits

As with the personal variant, the CIBC Aeroplan Visa Business delivers a strong set of Air Canada travel benefits. As a cardholder, you’ll receive:

  • Free first checked bag on Air Canada flights, for the primary and supplementary cardholders
  • Preferred pricing when redeeming Aeroplan points for Air Canada flights
  • The ability to earn 1,000 Status Qualifying Miles (SQM) and 1 Status Qualifying Segment (SQS) for every $5,000 you spend on the card
  • Your Aeroplan points won’t expire for as long as you’re a cardholder

Alas, CIBC’s focus as a bank these days seems to be on their Aventura program rather than on Aeroplan (it’s been this way ever since they lost the big Aeroplan contract to TD back in 2014), so unlike the TD version of this card, there’s no NEXUS credit to add to the Air Canada travel benefits.

Insurance Coverage

The insurance benefits on the CIBC Aeroplan Visa Business are decent, with quite a comprehensive suite of important insurances, such as:

  • Flight and baggage delay insurance of up to $500 per person for delays of at least 4 hours and for baggage delays, there is a combined total of $1000

  • Car rental theft and damage insurance, which can replace the insurance fees that car rental companies are infamous for charging

  • $500,000 Common Carrier Accident insurance, which protects you in case of a travel-related accident

  • Trip cancellation insurance of $1,000 per person or $5,000 combined

  • Trip interruption insurance of $2,000 per person

However, the card notably lacks emergency travel medical insurance, which falls short of the standard set by TD’s version of this card.

It’s worth noting that as far as I’m aware, the CIBC Aeroplan credit cards are among the few cards that will extend their travel insurance benefits to tickets redeemed with Aeroplan points.

Many credit cards in the marketplace consider award travel to be ineligible for travel insurance – you have to put the full revenue ticket cost on the card in order for it to count. The CIBC Aeroplan cards, to my knowledge, only require you to charge the taxes and fees of your Aeroplan booking to the credit card in order for the travel insurance to kick in.

If you prefer to cover your bases using travel insurance, yet also frequently travel on points, that makes this card worthwhile to keep around.

Apply Now

The CIBC Aeroplan Visa Business requires a minimum personal annual income of $35,000 to apply. The card is geared towards small business owners; applying as a sole proprietorship is fine, too, but may require submitting business documentation to CIBC.

There are also footnotes in this card’s terms and conditions indicating that you won’t be eligible for a signup bonus if you’ve had the card before; however, my recent experience indicates that this isn’t enforced.

You can find more information on the card and apply online at the below link (not an affiliate link).

Ricky

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