CIBC Aeroplan Visa Card
CIBC
Casual Aeroplan collectors who refuse to pay an annual fee.
VaultNerd estimate based on the card's tier and income requirements — not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
A serviceable no-fee gateway to Aeroplan with decent category earn rates, though heavy spenders will out-earn it quickly with the Visa Infinite version.
Reward rates
Gas & EV charging | 1x |
Groceries | 1x |
Air Canada (incl. Air Canada Vacations) | 1x |
Everything else 1 point per $1.50 spent | 0.67x |
VaultNerd values these points at ~2¢ each.
Welcome bonus
Up to 10,000 Aeroplan points (CIBC values at up to $200 in travel)
Requirement: 2,500 points on first purchase; 2,500 points after $1,500 spend in first 4 statement periods; 5,000 anniversary points with $10,000 in net purchases in first 12 statement periods
Pros
- No annual fee entry into the Aeroplan program
- Includes rental car insurance, rare on a no-fee card
Cons
- Weak 1-point-per-$1.50 base earn rate
- No Air Canada perks like free checked bags
Perks
- Earn Aeroplan points with no annual fee
- Preferred pricing on flight rewards and no Air Canada surcharges on flight rewards
- Aeroplan 4th hotel night free on points redemptions
- Points never expire while you hold the card
- Up to 10 cents off per litre with Journie Rewards
Insurance
- Purchase security and extended protection
- Common carrier accident
- Car rental collision and loss damage
Researching and writing about Canadian credit cards and rewards since 2026.
“CIBC Aeroplan Visa Card Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/cibc-aeroplan-visa, updated June 2026.
- CIBC cardholder agreement and rates & fees disclosure
- VaultNerd cards database