CIBC Aerogold Visa for Business

CIBC Aerogold Visa for Business

CIBC Aerogold Visa for Business
Summary: Business rewards Visa with several insurance benefits and a high annual fee

Description: 

The Aerogold Visa card by CIBC is a rewards card designed for small businesses with several insurance benefits and a high annual fee.

Earn 1 Aerogold mile with each dollar spent (1.5 Aerogold Miles when purchasing travel). Earn a Welcome Bonus of 15,000 Aeroplan Miles when you use your new CIBC Aerogold Visa card for Business for the first time.

The interest rate of 10.9% is the best possible rate with this credit card and varies depending on credit quality. The card has a steep annual fee of $180 plus $50 per additional card (maximum of 9). Benefits include trip accident insurance and car rental insurance standard. More benefits can be added to the card for a fee.

Overview

Credit required:
Good
Version:
Gold
Card Type:
Visa
Reward Program: 
Aeroplan
Issuer: 
CIBC
Minimum Income: 
$35,000
Minimum Credit Limit: 
$5,000
 

Annual Interest Rates

Interest Rate: 
10.9%
Cash Advance: 
10.9%
Balance Transfer: 
10.9%
Grace Period: 
21 days
Note: 
Interest rates vary (best rate shown)
Minimum Payment: 
$10 or 2.1% (whichever is greater)
 

Annual Fees

Annual Fee: 
$180
Supplemental Cards: 
$50
 

Rewards

Earn 1 Aeroplan Mile for every dollar spent, 1.5 Aeroplan Miles when spent on travel (15,000 welcome bonus)
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: 
Yes
Extended Warranty: 
No
Travel Accident Insurance: 
Yes
Travel Medical Insurance: 
Yes*
Trip Cancellation Insurance: 
No
Flight Delay Insurance: 
Yes*
Baggage Insurance: 
Yes*
Road Insurance: 
No
Balance Protection Insurance: 
No
Indicates restrictions or additional fees may apply. Check the credit card's web site or fine print for more information.