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Card Details
Based on $2,000 spending
First Year Value
$1,116.27
$66.27 in years after
Annual Rewards
$665.27
Air Canada Aeroplan®
First Year Bonus
$1,050
Air Canada Aeroplan®
Annual Fee
$599
First Year Value
$1,116.27
$66.27 in years after
Interest Rates
Purchase: 20.99%
Cash Advance: 22.99%, for Quebec 21.99%
Balance Transfer: 22.99%
Annual Fee
$599
Annual Income
Personal: $150,000
Household: $200,000
Credit Score Estimate
300Poor
560Fair
660Good
725Very Good
760Excellent
Welcome Bonus
20,000 Aeroplan points when you make your first purchase, 30,000 Aeroplan points when you spend $7,000 or more during your first 4 monthly statement periods, and 10,000 Aeroplan points as an additional anniversary bonus when you have at least $15,000 in net eligible purchases posted on your account during the first 12 monthly statement periods
Our Rating
3.2/5
Institution
CIBC
Rewards
- 2 Aeroplan® points per $1 spent on Air Canada and Air Canada Vacations if they are in the first $100k transactions of the year
- 1.5 Aeroplan® points per $1 spent on gas, groceries, travel and dining if they are in the first $100k transactions of the year
- 1.25 Aeroplan® point per $1 spent on all other purchases
Insurance & Benefits
Insurance
Coverage
Travel Accident
$500,000
Emergency Out of province Medical
31 days
Emergency Medical Over 65
10 days
Flight Delay
$1,000
Baggage Delay
$1,000
Trip Cancellation
$2,500
Trip Interruption
$5,000
Lost or Stolen Baggage
$1,000
Hotel Burglary Insurance
$2,500
Purchase Protection
180 days
Extended Warranty
Up to 2 years
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Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,500
Benefits
Details
Airport Lounge - Maple Leaf and AirCanada Cafes
Access select Maple Leaf Lounges™ and Air Canada Cafés™, plus get 6 complimentary lounge visits per year per cardholder through Visa Airport Companion Program
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Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Visa Infinite Exclusive Benefits
Exclusive offers
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Status lift
Reach Aeroplan Elite™ Status sooner by earning Status Qualifying Miles and Status Qualifying Segments with purchases made on your account
Status lift
Complimentary upgrade to Avis® President's Club
Companion Voucher
Receive an Annual Worldwide Companion Pass from $99 to a max of $599 (plus taxes, fees, charges and surcharges) when you spend $25,000 on your card
Priority Travel
Priority Check-in, Priority Boarding and Priority Baggage Handling for you, your authorized users and up to 8 companions on the same flight
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Free first checked bag
Enjoy a free first checked bag for you, authorized users and up to 8 companions every time you fly with Air Canada
Pros & Cons
Pros
- Earn up to 2 points per $1 on Air Canada purchases, and 1.5 points per $1 on gas, groceries, dining, and travel.
- Air Canada perks: Includes free checked bags, priority check-in, boarding, and Maple Leaf lounge access.
- Unlimited lounge access: Enjoy unlimited Maple Leaf lounge visits when flying Air Canada.
- Comprehensive insurance: Offers extensive travel and purchase protection, including trip cancellation and mobile device insurance.
Cons
- High annual fee: The card has a steep $599 annual fee.
- Strict income requirements: Requires a personal income of $150,000 or household income of $200,000 to qualify.
- Limited reward value: Best value is achieved only when redeeming for Air Canada flights, making it less versatile for non-Air Canada redemptions.
