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Mr. Loonie
CIBC Aeroplan® Visa Card For Students

CIBC Aeroplan® Visa Card For Students

Best for: Students 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
Every year
$544

Ranked #72 of 176 for year one. See the list

See how we worked it out
Annual fee
None
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

What you’d earn Can I get it? Fees Similar cards
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.

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
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 $544 $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

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.

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

  • Finder (opens in a new tab) Feb 2021

    “The CIBC Aeroplan Visa for Students is a card designed for students who want to collect Aeroplan Points for no annual fee. It comes with a welcome bonus and lets you earn one point for every dollar you spend on everyday purchases such as gas or groceries. You can also take advantage of additional benefits such as car rental coverage, common carrier insurance, purchase protection and extended warranty coverage.”

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: $544 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 For Students?

There is no annual fee.

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

$544
a year for you
Apply now on CIBC’s site (opens in a new tab)
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