CIBC Aerogold Visa

CIBC Aerogold Visa

CIBC Aerogold Visa
Summary: Rewards Visa with strong insurance benefits and a high annual fee

Description: 

The Aerogold Visa by CIBC is a popular travel rewards card part of the Aeroplan rewards program. The credit has a high rate of interest and annual fees but offers many benefits including a comprehensive rewards program and many included insurance options.

With this rewards card, earn 1.5 Aeroplan Miles for every dollar spent on gas, groceries or at drug stores. All other purchases earn one Mile for every dollar spent. After you make your first succesful purchase, recieve 15,000 bonus Miles. Aeroplan recently overhauled their rewards system which removes the restrictions on the number of seats reserved for rewards. Miles can also be redeemed for activities, merchandise, donations and carbon offset.

The CIBC Aerogold Visa also includes car rental insurance, flight delay and baggage insurance and travel accident insurance. Travel Medical Insurance, Trip Cancellation/ Trip Interruption Insurance and Balance Protection insurance can be added for a fee.

Overview

Credit required:
Good
Version:
Gold
Card Type:
Visa
Reward Program: 
Aeroplan
Issuer: 
CIBC
Minimum Income: 
$35,000
Minimum Income Note: 
$15,000 for 65 years or over
Minimum Credit Limit: 
$5,000
 

Annual Interest Rates

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

Annual Fees

Annual Fee: 
$120
Supplemental Cards: 
$50
 

Balance Protection

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

Rewards

Earn 1.5 Aeroplan Miles for every dollar spent at gas stations, grocery stores or drug stores. Earn 1 Aeroplan Mile for every other dollar spent. (15,000 bonus on first purchase)
Travel / Vacation: 
Yes
Cash Back: 
No
Merchandise: 
Yes
Groceries: 
No
Vehicle Rebates: 
No
Charitable Donations: 
No
Health Care: 
No
Financial Products: 
No

Benefits

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