Travel Rewards
Business
Premium / High-End
CIBC Aeroplan Visa Business Plus Card
CIBC
Current Welcome Offer
Up to 75,000 Aeroplan points + Annual Fee Rebate for the first 2 years.
Annual Fee
$120
Purchase APR
19.99%
Cash Adv. APR
22.99%
Welcome Bonus
~$1200
RateBuddy Verdict
The Good
- Includes a generous 2-year annual fee rebate for the primary cardholder and up to three authorized users.
- Excellent for business logistics with a 1.5x earn rate on shipping, internet, and phone services.
- Provides significant travel value through free checked bags and 4 annual Maple Leaf Lounge guest passes.
The Trade-offs
- Requires a very high annual spend of $40,000 to unlock the full 75,000 Aeroplan point welcome bonus.
- Lacks out-of-province emergency travel medical insurance, which may be a concern for international business travelers.
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, Phone, Travel & Dining: 1.5 pts per $1; Base Earn: 1 pt per $1; Perks: Free first checked bag & Maple Leaf Lounge Guest Passes.
- Air Canada directly: 2.0 pts/$1
- Shipping, Internet, Cable, Phone, Travel & Dining: 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 for primary and 3 authorized users.
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 | 19.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $120 |
| Income Required | No specific requirement listed. |