CIBC Aeroplan Visa Business Plus

The CIBC Aeroplan Visa Business Plus card is a credit card that earns Aeroplan points and is available to sole proprietors and small business owners in Canada. Cardholders are able to access a range of benefits available when flying via Air Canada.

Earning Rewards

The CIBC Aeroplan Visa Business Plus credit card earns Aeroplan points (AP) for all purchases made on the card:

  • 2 Aeroplan Points for every $1 spent on Air Canada and Air Canada Vacations purchases.
  • 1.5 Aeroplan Points for every $1 spent on shipping, internet, cable, phone services, travel, and dining purchases.
  • 1 Aeroplan Point for every $1 spent on all other purchases.

Redeeming Rewards

Aeroplan points can be redeemed for flights around the world on Air Canada and any of the Star Alliance partnership airlines. The award chart for Aeroplan flight reward redemptions can be found here.

Aeroplan points can also be redeemed for hotels, car rentals, and merchandise. The redemption value, or cent per point, is very poor for these types of redemptions and should be avoided.

Benefits

Upon spending $3k in the first 4 months, CIBC Aeroplan Visa Business Plus cardholders will receive an Air Canada buddy pass. This buddy pass can be used when booking an economy cash-fare ticket for the cardholder and their companion. When making this booking, the primary cardholder can apply the buddy pass to only pay the taxes/fees on the companion ticket. The Air Canada buddy pass covers the cost of the base fare.

When flying on a flight operated by Air Canada, cardholders are eligible to receive their first checked bag for free. If there are additional guests travelling on the cardholder’s Air Canada flight itinerary, they will also be eligible to receive their first checked bag free (for up to eight total guests).

Aeroplan Visa Business Plus cardholders are also eligible to enroll for 6 months free of Uber Eats Pass which entitles them to discounts and free delivery from certain restaurants. Cardholders must enroll by September 7th, 2022 to take advantage of this perk.

Cardholders will receive 1 Air Canada Maple Leaf Lounge guest pass for every $10k in spend on the card, up to four passes for $40k in spend within an anniversary year. For the average user, this is a benefit not worth pursuing due to the astronomically high spend requirement.

Insurance Coverage

The CIBC Aeroplan Visa Business Plus credit card offers seven types of insurance coverage: trip cancellation, trip interruption, car rental collision and loss damage, common carrier accident, baggage and flight delay, purchase security, and extended protection coverage.

Refer to the CIBC Aeroplan Visa Business Plus certificate of insurance for additional details, including terms and conditions for eligibility.

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