Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

CIBCNo-Fee Travel

CIBC Aeroplan Visa Card

Our take: strongest for groceries and gas — about 2% back in value (est.) with no annual fee, plus a welcome bonus we value at roughly $200.

#3 No annual fee

Welcome bonusEarn up to 10,000 Aeroplan points as a welcome bonus — no annual fee

Apply on CIBC’s site →

Goes straight to CIBC
Our review

The CIBC Aeroplan Visa Card is a no-annual-fee entry point into the Aeroplan ecosystem, letting cardholders earn points on everyday spending without a yearly cost, including for up to 3 supplementary cards. It offers a modest but achievable welcome bonus and solid earn rates on gas, groceries, EV charging, and direct Air Canada purchases, though its base rate on other spending is comparatively low and it lacks the travel insurance and premium perks found on CIBC’s fee-based Aeroplan Visa Infinite tiers. It’s best suited to occasional Air Canada flyers who want to build an Aeroplan balance without paying an annual fee.

4.2out of 5

MoneyMint rating

#3 of 34 no-fee rewards cards · How we rate

Rewards value

4/10

Insurance

6/10

Flexibility

9/10

Welcome bonus

3/10

Fee value

10/10

Perks

0/10

≈ $587

estimated first-year value after the annual fee, on a typical $2,050/month budget. Points are converted to dollars using MoneyMint’s own valuations — see our points value calculator for how each program is valued. See it for your spending →

At a Glance

Annual fee

$0including up to 3 supplementary cards

Rewards rate

1 pt/$1gas, groceries, EV charging, direct Air Canada

Welcome bonus

Up to 10,000 Aeroplan ptsup to $200 stated value

Rewards

~2%on groceries (est. value)

Minimum income

$15,000 household

Foreign transaction fee

2.5% (est.)

Purchase APR 21.99% · Cash advance APR 22.99%

Pros & Cons

Pros

$0 annual fee, including for up to 3 supplementary cards
1 Aeroplan point per $1 on gas, EV charging, groceries, and direct Air Canada purchases
Welcome bonus of up to 10,000 Aeroplan points with an achievable $1,500 spend threshold for the second tranche
Includes purchase security, extended warranty, and auto rental collision/loss damage insurance despite having no fee
Aeroplan points don’t expire as long as the account stays open, and Family Sharing lets you pool points with household members

Cons

Below-average base earn rate (1 point per $1.50, about 0.67 points per dollar) on general purchases outside bonus categories
No travel medical, trip cancellation/interruption, or baggage delay insurance — those are reserved for the fee-based Infinite tiers
No airport lounge access or NEXUS credit
Only a modest $15,000 minimum household income requirement, but an undisclosed minimum credit limit
Likely subject to a foreign transaction fee (around 2.5%) on non-CAD purchases, not explicitly stated on this product’s page

Rewards & Earn Rates

Gas, EV charging, groceries1 pt/$1

Air Canada (direct purchases)1 pt/$1

Aeroplan eStore / 150+ partners2x points

All other purchases1 pt/$1.50about 0.67 pts/$1

This is a genuinely no-fee card, distinct from CIBC’s fee-based Aeroplan Visa Infinite and Aeroplan Visa Infinite Privilege tiers — it does not include travel medical, trip cancellation, or baggage delay insurance, which are reserved for those higher tiers. If travel insurance matters to you, compare this card carefully against the Infinite tiers rather than assuming coverage is included here.

Who It’s For

Best for

Occasional Air Canada flyers who want to start earning Aeroplan points without paying an annual fee
Students or newcomers to Canada building a credit file who also want a rewards currency
Budget-conscious consumers who prefer a no-fee card and are comfortable with a lower base earn rate
Households that can pool points via Aeroplan Family Sharing to reach flight rewards faster

Not ideal for

Frequent travelers who want built-in travel medical, trip cancellation, or baggage delay insurance
Big spenders on non-bonus-category purchases, who would earn more with a stronger flat-rate rewards card
Travelers who value airport lounge access or premium travel perks
Anyone who frequently makes foreign currency purchases and wants to avoid FX fees

Not Sure? Three Cards People Compare It With

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Fee $175Rating 3.4 ★Bonus $1,005

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RBC Avion Visa Business Card

Pick this instead if you want a bigger welcome bonus (~$320 est.).

Fee $120Rating 3.4 ★Bonus $320

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American Express Gold Rewards Card

Pick this instead if you want a bigger welcome bonus (~$1,020 est.).

Fee $250Rating 4.2 ★Bonus $1,020

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4.2MoneyMint rating

CIBC Aeroplan Visa Card

Best for groceries and gas · No annual fee · ~$200 welcome bonus (est.)

Apply on CIBC’s site →Find a better fit

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against CIBC’s official card page on September 25, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by CIBC and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

What is the annual fee for the CIBC Aeroplan Visa Card?

The CIBC Aeroplan Visa Card has an annual fee of $0 (including up to 3 supplementary cards).

What is the rewards rate on the CIBC Aeroplan Visa Card?

The CIBC Aeroplan Visa Card offers: 1 Aeroplan point per $1 on gas, EV charging, groceries, and direct Air Canada purchases; 1 point per $1.50 (~0.67 pts/$1) elsewhere; 2x points at 150+ Aeroplan partners and the Aeroplan eStore

Does the CIBC Aeroplan Visa Card have a welcome bonus?

Up to 10,000 Aeroplan points (CIBC-stated value up to $200) 2,500 points on first purchase; +2,500 points after $1,500 net purchases within the first 4 statement periods; +5,000 anniversary bonus points after $10,000+ net purchases within the first 12 months.

What credit score do I need to qualify for the CIBC Aeroplan Visa Card?

Generally, you’ll want a good credit score to be considered for the CIBC Aeroplan Visa Card. Approval also depends on income and overall credit history, not credit score alone.

Does the CIBC Aeroplan Visa Card charge foreign transaction fees?

2.5% (estimated — consistent with CIBC’s standard Visa FX fee but not explicitly stated on this specific product’s official page)