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Mr. Loonie
CIBC Aeroplan® Visa Card

CIBC Aeroplan® Visa Card

Best for: People who want to start earning Aeroplan points with no annual fee

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Year one
$594
Every year after
$544

Ranked #64 of 176 for year one. See the list

See how we worked it out
Welcome offer you’d get
$50
The full offer. Up to 2,500 Aeroplan points.
Annual fee
None
Apply now on CIBC’s site (opens in a new tab)
Needs $15,000 household income
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from CIBC’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Welcome offer Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Is your household income $15,000 or more?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 1 point per $1 on groceries, gas and flights At our value for these points, that’s about 2% back.
  • Good: No annual fee It costs nothing to keep.
  • Good: Welcome offer up to 2,500 Aeroplan points About $50 at our value for these points.

Watch for

  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

Aeroplan points valued at 2¢ each.

  • Groceries $192
    1 point per $1 · 2% back $800 a month · 9,600 Aeroplan points a year
  • Restaurants $40
    0.67 point per $1 · 1.3% back $250 a month · 2,000 Aeroplan points a year
  • Gas $60
    1 point per $1 · 2% back $250 a month · 3,000 Aeroplan points a year
  • Recurring bills $40
    0.67 point per $1 · 1.3% back $250 a month · 2,000 Aeroplan points a year
  • Travel $24
    0.67 point per $1 · 1.3% back $150 a month · 1,200 Aeroplan points a year
  • Everything else $104
    0.67 point per $1 · 1.3% back $650 a month · 5,200 Aeroplan points a year
  • Foreign currency $24
    0.67 point per $1 · 1.3% back $150 a month · 1,200 Aeroplan points a year
For you Year one Later years
Points you earn24,201 Aeroplan points a year, at 2¢ each $484 $484
Welcome offer2,500 Aeroplan points you’d reach $50 $0
Annual fee $0 $0
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Total $594 $544

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Groceries
1 point per $1
Gas
1 point per $1 Including EV charging
Flights
1 point per $1 Bought directly from Air Canada, including Air Canada Vacations
Everything else (base rate)
0.67 point per $1 1 point per $1.50

Earn points twice at over 150 Aeroplan partners and 170+ online retailers through the Aeroplan eStore

How Aeroplan points work, and why 2¢

We count Aeroplan points at 2¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.7¢ to 6¢.

We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Welcome offer

Can your spending get the offer?

At $2,500 a month, here’s when you’d reach each step.

  1. 1

    2,500 Aeroplan points · about $50

    Spend $1,500 in your first 3 months.

    You’d reach it in month 1.

    • On purchases within the first 3 months
    • Earn 10,000 points on your first purchase
    • Get an extra 5000 points when you have $10,000 in net purchases on your account during the first 12 monthly statement periods

Offer end date not published.

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Household income $15,000 or more Issuer says
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

  • Money We Have (opens in a new tab) Nov 2023

    “For a no fee card, the welcome bonus is generous. You won’t be racking up the points with this card, but with the flexibility of Aeroplan, collecting points now is worth it since it’ll help you lower your travel costs later.”

  • Yore Oyster (opens in a new tab) Jan 2023

    “The CIBC Aeroplan Visa Card is worth it. This travel rewards credit card benefits beginners as it does not cost any annual fees but earns 1 Aeroplan point on gas, groceries, and Air Canada travel purchases. Although it does not offer exclusive rewards, you are still covered with 3 types of insurance coverage to keep purchases and trips safe and sound.”

  • Finder (opens in a new tab) Jan 2021

    “The CIBC Aeroplan Visa Card is an optimal choice for the simple traveller and spender. These consumers will benefit from no annual fee, minimal income requirements and free additional users. Those who want extra travel perks should continue researching credit card options.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Get 3 cents off per litre at participating gas stations with Journie™ Rewards
  • Identity theft assistance
  • Free 3 months Uber Pass membership
  • Mobile wallets Apple Pay, Google Pay, Samsung Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read CIBC’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage and mobile device.

Fees and interest

What it costs

Annual fee
None
Purchase interest
21.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
None
Cash advance fee
$5.00
Balance transfer fee
3%, Maximum
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%
Source
Issuer page

Province differences

Quebec
Balance transfer rate: 21.99%. Cash advance rate: 21.99%.

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $594 year one, $544 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the CIBC Aeroplan® Visa Card?

There is no annual fee.

How much is the CIBC Aeroplan® Visa Card welcome offer worth?

2,500 Aeroplan points after you spend $1,500 in the first 3 months, worth about $50.

What income do I need?

CIBC asks for $15,000 in household income.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

21.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty and purchase protection. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$594
year one for you
Apply now on CIBC’s site (opens in a new tab)
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