Travel Rewards
Business
CIBC Aeroplan Visa Business Card
CIBC
Current Welcome Offer
Up to 75,000 Aeroplan points + Annual Fee Rebate for the first 2 years.
Annual Fee
$180
Purchase APR
12.99%
Cash Adv. APR
14.50%
Welcome Bonus
~$1200
RateBuddy Verdict
The Good
- Industry-leading 2-year annual fee rebate for the primary and three authorized users provides massive upfront savings.
- Broad 1.5x earn rate covers essential business costs like shipping, internet, phone, and all travel/transit.
- Excellent Air Canada perks including a free first checked bag and 4 lounge guest passes per year.
The Trade-offs
- Requires a very high annual spend of $40,000 to unlock the full 75,000 point welcome bonus.
- Does not include out-of-province emergency travel medical insurance.
Rewards & Earnings
Groceries 1.00%
Dining & Takeout 1.50%
Gas & Transit 1.50%
Travel 2.00%
Base Rate 1.00%
Rewards Summary: Air Canada: 2 pts per $1; Shipping, Internet, Travel & Dining: 1.5 pts per $1; Base Earn: 1 pt per $1; Perks: Free first checked bag & 4 Maple Leaf Lounge guest passes.
- Air Canada directly: 2.0 pts/$1
- Travel, Transportation, Dining, Shipping, Internet & Phone: 1.5 pts/$1
- All Other Business Purchases: 1.0 pt/$1
Welcome Bonus Details
10,000 pts on first purchase; 25,000 pts after $7,500 spend in 3 months; 40,000 pts after $40,000 spend in 12 months. Fee rebate covers primary and 3 authorized users for 2 years.
Estimated Value: $1200.00
Features & Benefits
Airport Lounge Access
4 complimentary Maple Leaf Lounge One-Time Guest Passes per year
First-Year Fee Waived
Annual fee rebated for the first 2 years
Car Rental Collision/Loss Damage Waiver
Included
Trip Cancellation/Interruption Insurance
Included
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Flight Delay Insurance
Included
Baggage Delay/Loss Insurance
Included
Special Event Access (e.g., Front Of The Line)
Free first checked bag for up to 8 companions
Common Carrier Accident Insurance
Included
Additional Perks
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Insurance Coverage
Trip Cancellation/Interruption: Included; Flight Delay & Baggage: Included; Car Rental Collision: Included; Common Carrier: Included; Purchase Security & Extended Protection: Included.
Rates & Fees Details
| Purchase APR | 12.99% |
|---|---|
| Cash Advance APR | 14.50% |
| Annual Fee | $180 |
| Income Required |
Personal: $35,000 |