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CIBC Aeroplan Visa Infinite

Last updated on: November 8, 2020
  • 10,000 Aeroplan points + Buddy pass
  • $139 Annual fee, waived for the first year
Best offer is available publicly until January 31, 2021
Signup bonus:
10,000 Aeroplan points
Air Canada Buddy Pass upon meeting minimum spending
Minimum spending:
$3,000 in the first four months
Annual fee:
$0 for the first year, then $139
Earning rate:
1.5 Aeroplan points per dollar spent on gas and grocery
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:
Strong

Bonuses & Fees

The CIBC Aeroplan Visa Infinite currently offers 10,000 Aeroplan points as a signup bonus upon first purchase, and an Air Canada Buddy Pass after spending $3,000 in the first four months.

The $139 annual fee is currently waived for the first year. Otherwise, if the first-year fee waiver were not available, then it can be waived if you have a CIBC Smart Plus Chequing Account.

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

The card’s earning structure is fairly standard, in that you’ll earn 1.5 Aeroplan points per dollar spent on gas and groceries and 1 Aeroplan point per dollar spent on all other purchases.

There are certainly better options for your everyday spending – for example, the American Express Business Platinum Card for general purchases or the Cobalt Card for food and drink.

If you’re shopping at places that don’t accept Amex, though, the CIBC Aeroplan Visa Infinite could be a solid choice to have in your wallet, since at the very least, Aeroplan points are pretty easy to redeem for a good value.

Perks & 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 $10,000 you spend on the card
  • Your Aeroplan points won’t expire for as long as you’re a cardholder

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).

That means that the extra perks you find on the CIBC Aventura Visa Infinite, such as the Priority Pass benefits and the NEXUS fee waiver, sadly aren’t available on this card.

Insurance Coverage

The CIBC Aeroplan Visa Infinite includes all the insurance benefits that you’d expect from a premium travel credit card, such as:

  • Emergency medical insurance of up to $5,000,000 on the first 15 days of an out-of-province trip (3 days for 65+)

  • Flight/trip delay insurance of $500 for delays of at least 4 hours, which comes in handy if you need to replace your incidentals due to a delay

  • Baggage delay insurance of $500 per person or a combined $1000
  • Car rental theft and damage insurance, which can replace the insurance fees that car rental agencies will try to upsell when renting a car

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

  • Trip cancellation/trip interruption insurance: trip cancellation of up to $1,500 per insured person for a combined $5,000 and Trip Interruption insurance of $2,000 per person

One thing that’s worth noting is that the CIBC Aeroplan credit cards (i.e., this card, plus the Infinite Privilege and the Visa for Business) 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. Meanwhile, the CIBC Aeroplan cards 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 Aeroplan points, that makes this card worthwhile to keep around.

Apply Now

This card requires a minimum personal annual income of $60,000 or a household income of $100,000 to apply. You can find more information on the card and apply online at the below link (not an affiliate link).

4 Comments
  1. Avatar
    Jim

    Is there an end date for this promotion?

    1. Ricky
      Ricky

      No published end date, but I would hazard a guess that the signup bonus is likely to change around Quarter 4 of 2020 when the new Aeroplan program is launched.

  2. Avatar
    Jason

    Does anyone know if they can apply for CIBC Aerogold Business and this card and double dip on welcome bonus? I figure that since this is a personal and the other is a business, you can get both reward bonus.

    1. Ricky
      Ricky

      Yes, you can.

Ricky

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