As CIBC’s top-tier Aeroplan co-branded credit card, the CIBC Aeroplan Visa Infinite Privilege currently offers up to 75,000 Aeroplan points as a signup bonus, divided into three parts:
If you plan on meeting the monthly spend requirement each month, this offer is by far the best we’ve seen on this card. However, the comparable American Express Aeroplan Reserve Card offers the same total bonus with lower monthly spend requirements, higher monthly payouts, and half the time until you receive the full bonus.
If you only plan on meeting the initial minimum spend requirement, you can earn 45,000 Aeroplan points, which is still a competitive bonus for a premium card. It’s close to the highest we’ve seen, although the annual fee has gone up since then.
As a Visa Infinite Privilege product, this card commands a high annual fee of $599. This can be reduced to $460 via a $139 rebate if you hold CIBC’s Smart Plus Account (which itself requires a minimum balance of $6,000 to waive the monthly maintenance fees of $29.95).
75,000 Aeroplan points in exchange for an annual fee of $599 is a great deal, and on par with other premium Aeroplan and transferable cards. 45,000 Aeroplan points for $599 is still good value if you need a quick top-up for an upcoming redemption.
In terms of the returns on everyday spending, the CIBC Aeroplan Visa Infinite Privilege offers cardholders:
For a premium credit card, the earning rates are quite ordinary. After all, the mid-range CIBC Aerogold Visa Infinite already offers 1.5x Aeroplan points on the same categories; it’s only the 1.25x earning rate on general purchases that’s higher on the CIBC Aeroplan Visa Infinite Privilege.
I wouldn’t go out of my way to get this card for a $599 annual fee solely for its earning rates, but if you do have the card, then the 1.25x return on all purchases is pretty competitive in the “everything else” category.
As Air Canada’s premium travel credit card, the CIBC Aeroplan Visa Infinite Privilege leans in heavily on the Air Canada travel benefits:
It’s worth noting that the CIBC Aeroplan Visa Infinite Privilege, unlike its TD-issued counterpart, allows cardholders to bring one guest for free on their Maple Leaf Lounge visits within North America as an introductory perk until November 7, 2021.
(Otherwise, the benefits package is virtually identical to the TD Aerogold Visa Infinite Privilege.)
In addition to the Air Canada benefits, the card also offers a strong set of benefits through its Visa Infinite Privilege designation:
Finally, the CIBC Aeroplan Visa Infinite Privilege also offers a $100 NEXUS credit, which is always useful for getting a NEXUS card to make your journey across the US border much smoother.
As a high-end product, the CIBC Aeroplan Visa Infinite Privilege excels in the insurance department. Some examples of its strong coverage include:
It’s important to note that these benefits would also apply on Aeroplan reward tickets, as long as you charge the taxes and fees of your booking to your CIBC Aerogold Visa Infinite Privilege.
Additionally, the card also offers Purchase Security and Extended Warranty Protection, covering most eligible items you’ve purchased with your card should they be stolen or damaged within 120 days of purchase, as well as a two additional years on top of the manufacturer’s warranty.
As a Visa Infinite Privilege product, the CIBC Aeroplan Visa Infinite Privilege Card requires a minimum household annual income of $200,000 to be eligible. You'll also need to be approved for a credit limit of at least $10,000.
Follow the below link to the CIBC website to learn more about this card and submit an application.