Pros & cons
Pros
- Up to 2 Aeroplan points per $1 spent.
- Includes free checked bags on Air Canada.
- Ability to earn up to 4 Maple Leaf lounge passes per year.
- Low interest rate of 12.99%.
Cons
- Relatively high annual fee of $180.
Your rewards
Getting your welcome bonus
Based on $2,000 in monthly spending, you can get up to 30,000 points which translates to an estimated $600.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With CIBC Aeroplan Visa Business Card, here's how you earn rewards:
- 2 points per $1 spent on Air Canada
- 1.5 points per $1 spent on shipping, internet, cable, phone services, travel , and dining
- 1 point per $1 spent on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For CIBC Aeroplan Visa Business Card in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Flights | $534 | |
| Air Canada Gift Cards | $267 | |
| Car rentals | $240 | |
| Vacation packages | $222 | |
| Hotels | $219 | |
| Merchandise | $198 | |
| Gift Cards | $190 |
| Redemption Option | Point Value | Total Value |
|---|---|---|
| Flights | 2 cents | $20 |
| Air Canada Gift Cards | 1 cent | $10 |
| Car rentals | 0.9 cents | $9 |
| Vacation packages | 0.83 cents | $8 |
| Hotels | 0.82 cents | $8 |
| Merchandise | 0.74 cents | $7 |
| Gift Cards | 0.71 cents | $7 |
Calculating your annual rewards
$24,000 annual spending x 2.23% return on spending = $534 annual rewards
$534 annual rewards − $180.00 annual fee = $354 net annual rewards
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Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- $35,000
- Household Income
- N/A
- Annual Fee
- $180.00
- First Year Free
- Yes
- Extra Card Fee
- $50
- Card type
- Credit
- Purchase
- 12.99% - 18.99%
- Cash Advance
- 14.50% - 21.50%
- Balance Transfer
- 14.50% - 21.50%
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Travel Accident
- $500,000
- Trip Cancellation
- $1,000
- Trip Interruption
- $2,000
- Flight Delay
- $500
- Baggage Delay
- $500
- Lost or Stolen Baggage
- $500
- Rental Car Theft & Damage
- Yes
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
CIBC Aeroplan Visa Business Card's 3.6 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
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User review
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They will waste your time with repeated requests for documentation. In my case, the offshored customer service reps simply could not comprehend that I have a full time job and run a business on the side. Don't waste your time and lower your credit score dealing with this crap from CIBC.
$100 GeniusCash + Earn up to 15,000 Welcome Bonus Membership Rewards® Points.*