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CIBC Aeroplan Visa Card review

3.6Rated by the CreditCardGuru Editorial Team

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.

At a glance

Annual fee
No annual fee
Welcome bonus
~$200
Foreign tx fee
2.5%
Network
VISA
Rewards
points
Purchase APR
21.99%

Rewards & earn rates

Gas & EV charging1x
Groceries1x
Air Canada (incl. Air Canada Vacations)1x
Everything else1 point per $1.50 spent0.67x

Welcome offer: Up to 10,000 Aeroplan points (CIBC values at up to $200 in travel) (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 & cons

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 & insurance

Key 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

Rates & fees

Annual fee
None
Purchase interest
21.99%
Cash advance
22.99%
Foreign transactions
2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team

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American Express Cobalt Card

4.8·Foodies and everyday spenders who want maximum points on dining and groceries
Annual fee
$156/yr
Welcome bonus
~$300
Top reward
5x eats & food delivery
  • Best-in-class earn rate on dining and groceries
  • Membership Rewards transfer to Aeroplan, Marriott & more
Apply nowView details