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Mr. Loonie
CIBC Aeroplan® Visa Business Plus Card

CIBC Aeroplan® Visa Business Plus Card

Best for: Business owners who fly Air Canada and want Aeroplan points on travel

Your spending a month
What’s in each?
Solo:
Office supplies $100, shipping $50, phone and internet $150, software $150, online ads $200, gas $250, restaurants $200, travel $250, everything else (base rate) $1,050, foreign currency $100
Small team:
Office supplies $250, shipping $200, phone and internet $300, software $400, online ads $600, gas $500, restaurants $400, travel $400, everything else (base rate) $2,650, foreign currency $300
Growing:
Office supplies $500, shipping $600, phone and internet $600, software $1,000, online ads $2,000, gas $1,000, restaurants $800, travel $1,200, everything else (base rate) $6,300, foreign currency $1,000
Year one
$2,097
Every year after
$1,577

Ranked #9 of 27 business cards for year one. See the list

See how we worked it out
Welcome offer you’d get
$400
The full offer. Up to 20,000 Aeroplan points.
Annual fee
$19 first year
Then $139 a year
Apply now on CIBC’s site (opens in a new tab)
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?

Do you spend $300 or more a month on flights?

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: 2 points per $1 on flights At our value for these points, that’s about 4% back.
  • Good: Welcome offer up to 20,000 Aeroplan points About $400 at our value for these points.

Watch for

  • Watch for: $139 a year from year two You need about $300 a month on flights to earn it back.
  • 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 small team spending of $6,000 a month.

Aeroplan points valued at 2¢ each.

  • Office supplies $60
    1 point per $1 · 2% back $250 a month · 3,000 Aeroplan points a year
  • Shipping $72
    1.5 points per $1 · 3% back $200 a month · 3,600 Aeroplan points a year
  • Phone and internet $108
    1.5 points per $1 · 3% back $300 a month · 5,400 Aeroplan points a year
  • Software $96
    1 point per $1 · 2% back $400 a month · 4,800 Aeroplan points a year
  • Online ads $144
    1 point per $1 · 2% back $600 a month · 7,200 Aeroplan points a year
  • Gas $120
    1 point per $1 · 2% back $500 a month · 6,000 Aeroplan points a year
  • Restaurants $144
    1.5 points per $1 · 3% back $400 a month · 7,200 Aeroplan points a year
  • Travel $144
    1.5 points per $1 · 3% back $400 a month · 7,200 Aeroplan points a year
  • Everything else $636
    1 point per $1 · 2% back $2,650 a month · 31,800 Aeroplan points a year
  • Foreign currency $72
    1 point per $1 · 2% back $300 a month · 3,600 Aeroplan points a year
For you Year one Later years
Points you earn79,800 Aeroplan points a year, at 2¢ each $1,596 $1,596
Welcome offer20,000 Aeroplan points you’d reach $400 $0
Annual fee −$19 −$139
Foreign currency fee2.5% on $3,600 a year −$90 −$90
Rental car damage cover2 rentals of 3 days at $35 a day $210 $210
Total $2,097 $1,577

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
Flights
2 points per $1 Bought directly from Air Canada, including Air Canada Vacations
Travel
1.5 points per $1
Transit
1.5 points per $1
Restaurants
1.5 points per $1
Recurring bills
1.5 points per $1 Shipping, internet, cable and phone
Everything else (base rate)
1 point per $1
Shipping
1.5 points per $1 shipping
Phone and internet
1.5 points per $1 internet, cable and phone
  • Earn 1.5 points per $1 spent on shipping, internet, cable, and phone services
  • Earn 2 points per $1 spent on Air Canada directly, including through Air Canada Vacations®
  • Earn points twice at over 150 Aeroplan partners and 170+ online retailers through the Aeroplan eStore
  • Earn 1,000 Status Qualifying Miles and 1 Status Qualifying Segment for every $5,000 you spend on eligible purchases
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 10, 2026. Source

Welcome offer

Can your spending get the offer?

At $6,000 a month, here’s when you’d reach each step.

  1. 1

    20,000 Aeroplan points · about $400

    Spend $4,000 in your first 4 months.

    You’d reach it in month 1.

    • On purchases during the first 4 monthly statement periods
    • Also, earn 10,000 points on your first purchase
    • Earn another 30,000 points when you spend $35,000 or more during the first year
    • Plus, get a first-year annual fee rebate

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
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

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

  • Finder (opens in a new tab) Apr 2021

    “The CIBC Aeroplan Visa Business Plus Card is a premium travel card for business owners. It comes with a generous welcome bonus and a wide array of travel perks. It also offers a solid return on Aeroplan Points for travel, dining and business purchases. Just be aware that this card comes with an annual fee of $120, though you may be eligible for a fee waiver in your first year of card ownership.”

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
  • Trip cancellation Included
  • Trip interruption Included
  • Flight delay Included
  • Baggage delay Included
  • Lost baggage Included
  • Travel accident Included
  • Enjoy a free first checked bag for you, your authorized users and up to 8 companions every time you fly with Air Canada
  • Earn up to 4 complimentary Maple Leaf Lounge™ One-Time Guest Passes per year
  • Trip Cancellation and Trip Interruption Insurance
  • Flight Delay and Baggage Insurance
  • Visa SavingsEdge
  • Free 6 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 and mobile device.

Fees and interest

What it costs

Annual fee
$19 first year Then $139 a year
Purchase interest
20.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$50
Fee waivers
First year: $120 off (First year rebated)
Cash advance fee
$5.00
Balance transfer fee
3%
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%
Source
Issuer page

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 small team spending. This card: $2,097 year one, $1,577 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 Business Plus Card?

$19 the first year, then $139 a year. Each extra card costs $50.

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

20,000 Aeroplan points after you spend $4,000 in the first 4 months, worth about $400.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

20.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty, purchase protection, trip cancellation and trip interruption insurance and flight delay and baggage insurance. 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

$2,097
year one for you
Apply now on CIBC’s site (opens in a new tab)
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