CIBC Aero Classic Visa

CIBC Aero Classic Visa

CIBC Aero Classic Visa
Summary: Simple rewards Visa for a low annual fee

Description: 

The Aero Classic Visa by CIBC is a simple rewards card with a low annual fee of $29.

Upon enrollment, receive a welcome bonus of 2500 Aeroplan miles when you use your card for the first time. Receive 1 Aeroplan Mile for every 2 dollars charged to the card. Also receive up to double Aeroplan Miles when you use your CIBC Aero Classic to dine, golf, or stay at any participating CIBC Bonus Rewards participant.

The card includes basic Travel Accident iInsurance. Receive optional benefits such as Balance Protection, Trip Cancellation/ Travel Medical Insurance for additional fees.

Overview

Version:
Standard
Credit required:
Good
Card Type:
Visa
Reward Program: 
Aeroplan
Issuer: 
CIBC
Minimum Income: 
$15,000
Minimum Credit Limit: 
$500
 

Annual Interest Rates

Interest Rate: 
19.99%
Cash Advance: 
21.5%
Balance Transfer: 
21.5%
Grace Period: 
21 days
Minimum Payment: 
$10 or 2.1% (whichever is greater)
 

Annual Fees

Annual Fee: 
$29
Supplemental Cards: 
$0
 

Balance Protection

Insurance Plan: 
Payment Protector
Age to Qualify: 
Under 65
Monthly Premium: 
$0.89 (per $100 of outstanding balance)
Maximum Benefit: 
$20000
 

Rewards

Earn 1 Aeroplan Mile for every dollar charged to the card (5000 bonus Aeroplan Miles on first use)
Travel / Vacation: 
Yes
Cash Back: 
No
Merchandise: 
Yes
Groceries: 
No
Vehicle Rebates: 
No
Charitable Donations: 
Yes
Health Care: 
No
Financial Products: 
No

Benefits

Car Rental Insurance: 
No
Extended Warranty: 
No
Travel Accident Insurance: 
Yes
Travel Medical Insurance: 
Yes*
Trip Cancellation Insurance: 
Yes*
Flight Delay Insurance: 
No
Baggage Insurance: 
No
Road Insurance: 
No
Balance Protection Insurance: 
Yes*
Indicates restrictions or additional fees may apply. Check the credit card's web site or fine print for more information.