Finding a credit card that aligns with your travel goals can make a significant difference in how you plan and enjoy your vacations. The CIBC Aeroplan® Visa Infinite* Card is an excellent option for those seeking enhanced rewards, valuable travel perks, and flexible earning opportunities.
This card stands out by offering accelerated points accumulation for everyday purchases, exclusive benefits for frequent flyers, and comprehensive travel insurance. Whether you’re a frequent traveler or someone planning a special trip, this card brings exceptional value.
Key information about the credit card
How does the annual fee work?
The CIBC Aeroplan Visa Infinite Card charges an annual fee of $139 for the primary cardholder, with the option to add up to three additional cards for $50 each. However, if you hold a CIBC Smart Plus™ Account, you may be eligible for an annual fee rebate of up to $139. This essentially means you can enjoy all the premium benefits of the card without the added cost if you meet the rebate requirements.
How is the credit limit determined?
The credit limit for the CIBC Aeroplan Visa Infinite Card is established based on a detailed evaluation of your financial profile. This includes factors such as your annual income, credit score, and debt-to-income ratio. Applicants with a minimum individual income of $60,000 or a household income of $100,000 are eligible to apply, which ensures that the credit limit assigned matches your ability to manage credit responsibly.
Advantages of the credit card
- Accelerated Aeroplan points: Earn 1.5 points for every $1 spent on gas, groceries, electric vehicle charging, and Air Canada bookings, including Air Canada Vacations®.
- Double your points: Shop with over 150 Aeroplan partners or through the Aeroplan eStore to earn points twice on purchases.
- Free checked baggage: Save on baggage fees with one free checked bag for you and up to 8 companions when flying with Air Canada.
- Travel insurance coverage: Comprehensive coverage includes Out-of-Province Emergency Travel Medical Insurance, Flight Delay and Baggage Insurance, and Trip Cancellation and Interruption Insurance.
- Visa Infinite® benefits: Access unique dining experiences, luxury hotel benefits, and 24/7 concierge services.
- Discounted gas prices: Enjoy up to 10 cents off per litre on eligible gas purchases, adding value for frequent drivers.
- Redeem points flexibly: Use your Aeroplan points for flight rewards, hotel stays, and more without additional airline surcharges on Air Canada flights.
Standout advantage
One of the standout advantages of the CIBC Aeroplan Visa Infinite Card is its ability to accelerate your journey to Aeroplan Elite™ Status. By earning 1,000 Status Qualifying Miles and 1 Status Qualifying Segment for every $10,000 spent on eligible purchases, you can enjoy elevated privileges like priority boarding, upgrades, and access to exclusive lounges. This feature makes the card especially attractive to frequent travelers aiming to maximize their flying experience.
Disadvantages
- High annual fee: The $139 fee may not suit those who travel infrequently or don’t take advantage of the perks.
- Income requirements: The minimum income eligibility can exclude lower-income applicants.
- Limited earning categories: Some everyday purchases may not qualify for higher Aeroplan points, reducing earning potential for non-travel-related expenses.
- Foreign transaction fees: The card charges fees on international transactions, which can add up for frequent overseas travelers.
A standout disadvantage
The primary disadvantage of the CIBC Aeroplan Visa Infinite Card is its relatively high minimum income requirement of $60,000 for individuals or $100,000 for households. This makes the card less accessible to those with lower incomes, limiting its appeal to a broader audience. While the rewards and perks justify the exclusivity, this criterion might prevent some potential users from accessing the card’s benefits.
Who can apply for this card?
To qualify for the CIBC Aeroplan Visa Infinite Card, applicants must meet several criteria. You must be at least the age of majority in your province or territory, have a good credit score, and meet the minimum income requirement of $60,000 individually or $100,000 per household. The card is not available for those with a poor credit history or recent bankruptcies. Additionally, applicants need to provide proof of income and residency in Canada to complete the process.
The approval process also considers factors such as your existing debt obligations and financial stability. While the card is not marketed as a “low approval threshold” option, those who meet the criteria can benefit from a streamlined application and quick response times.
How to apply for the CIBC Aeroplan Visa Infinite Card
For the website
To apply online, visit the official CIBC website and navigate to the credit cards section. Select the Aeroplan Visa Infinite Card and click “Apply Now.” The online application form will prompt you to enter personal details, including your income, employment status, and contact information.
Ensure you have all the necessary documents ready, such as proof of income and identification, to complete the application smoothly. The digital process is efficient and typically takes about five minutes to complete. Once submitted, you may receive a decision within 60 seconds. If approved, your card will be mailed to your address within a few business days.
Through the app
For those who prefer mobile solutions, the CIBC mobile app offers an easy way to apply for the Aeroplan Visa Infinite Card. After downloading the app and signing in with your credentials, navigate to the credit card section and select the desired card.
The application process mirrors the website, requiring similar details and documentation. The app also allows you to track your application status and receive updates in real time. This method is particularly convenient for tech-savvy users who prefer managing their banking needs on the go.
At the branch
If you prefer a face-to-face experience, visit your nearest CIBC branch to apply for the Aeroplan Visa Infinite Card. A representative will guide you through the application process, answer any questions, and verify your documents in person. This option is ideal for those who want personalized assistance or have specific concerns about the card.
During your visit, the representative can also provide additional information about the card’s features and benefits, helping you make an informed decision. While this method may take longer than online or app-based applications, it offers a hands-on approach for those who value direct interaction.
