What the Card Offers
CIBC markets the Aeroplan Visa Infinite Privilege as its top Air Canada card: up to 100,000 bonus points, Maple Leaf Lounge access, priority airport services, an annual Worldwide Companion Pass after $25,000 of spending, 6 global lounge visits and premium insurance.
- Lounges
Maple Leaf Lounge access1
Access to Maple Leaf Lounges and Air Canada Cafés in Canada and the U.S. when flying Air Canada or Star Alliance.
- 2x
Air Canada purchases2
2 Aeroplan points per dollar directly with Air Canada; 1.5 on other travel, dining, groceries and gas.
- Companion
Annual Worldwide Companion Pass3
A companion fare from $99 base after $25,000 of spending in a card year.
Show 3 more benefitsShow fewer
- 6
Global lounge visits a year4
6 complimentary Visa Airport Companion visits a year, shared with guests.
- 31 days
Travel emergency medical5
Up to $5,000,000 for the first 31 days of a trip (10 days if you're 65 or older).
- 100,000
Welcome bonus points6
Up to 100,000 Aeroplan points in the first year.
Benefits as advertised by the issuer. The conditions attached to them are in the Fine Print Report below.
Sources (6)
- CIBC Aeroplan Visa Infinite Privilege product page, footnote "aeroplan-privilege-maple-leaf-lounges" (retrieved 2026-10-18)
- CIBC Aeroplan Visa Infinite Privilege product page, footnote "aeroplan-privilege-points-earned" (retrieved 2026-10-18)
- CIBC Aeroplan Visa Infinite Privilege product page, footnote "aeroplan-privilege-companion-pass" (retrieved 2026-10-18)
- CIBC Aeroplan Visa Infinite Privilege product page, footnote "aeroplan-global-airport-lounge-access" (retrieved 2026-10-18)
- CIBC Aeroplan Visa Infinite Privilege Insurance Product Summary (Belair Insurance)
- CIBC Aeroplan Visa Infinite Privilege product page, footnote "aeroplan-visa-infinite-privilege-offer" (retrieved 2026-10-18)
Points & Redemption
Rates: TD Aeroplan Visa product pages (retrieved 2026-10-13), redemption section and welcome-offer value footnote; Aeroplan Terms and Conditions for TD Credit Cards 599192 (04/25), section 3.1; CIBC Aeroplan Visa Infinite product page, welcome offer and footnote "aeroplan-redeem" (retrieved 2026-10-18). The CardTruth estimate is our own valuation, not a rate stated in the terms. The program states no fixed cash value, so what a point is worth depends on how you redeem it. Ranges marked est. are CardTruth estimates, from a conservative redemption to a typical one.
The Fine Print Report
Moderate fine print. Premium perks with spending and timing conditions.
Fee rises to $699 on Jan 12, 2027Impact level: High
The annual fee rises from $599 to $699 on January 12, 2027
CIBC has announced that the primary cardholder's annual fee goes from $599 to $699, and each authorized user's from $149 to $159, the next time your fee is charged on or after January 12, 2027. New Air Canada benefits arrive at the same time, including a 15% discount on eligible flight rewards. You can cancel without cost until April 12, 2027.
Why it matters: The advertised $599 fee only applies until your first anniversary on or after January 12, 2027.
Medical: 31 days, only 10 at 65+Impact level: High
Travel medical covers only 10 days of a trip once you're 65
Emergency travel medical covers up to $5,000,000, but only for the first 31 days of a trip if you're 64 or under, and the first 10 days if you're 65 or older. Conditions that weren't stable in the 90 days before departure (180 days at 65 or older) aren't covered, and some treatment needs pre-approval.
Why it matters: Travellers 65 and older are covered for barely a week and a half. Anyone on a longer trip needs separate coverage.
Lounge guest access promised to Dec 31, 2026Impact level: Medium
Maple Leaf Lounge guest access is only promised through December 31, 2026
Primary cardholders and authorized users can each bring one guest into eligible Maple Leaf Lounges and Air Canada Cafés "through December 31, 2026". Access also requires a same-day Air Canada or Star Alliance departure, excludes Signature Suites and third-party lounges, and is subject to space.
Why it matters: Bringing a partner into the lounge may cost extra from 2027. Check the current terms before relying on it.
No bonus if you've had this Aeroplan tierImpact level: Medium
No welcome bonus if you've ever earned one on the same tier of Aeroplan card, from any bank
The bonus requires $5,000 in the first 4 statement periods and $25,000 in the first 12 for the full 100,000 points. Under the Aeroplan program terms, you may not receive any of it, even if CIBC approves you, if you've previously received a welcome, additional or anniversary bonus on an Aeroplan credit card of the same category from CIBC or any other issuer, such as TD or Amex.
Why it matters: If you've held a TD or Amex Aeroplan card of the same tier, check before you apply: you could get the card and its fee without the bonus.
Companion Pass: $25,000 spend, taxes extraImpact level: Medium
The Companion Pass needs $25,000 of spending in each card year, and taxes are extra
The pass is issued only after $25,000 in net purchases in a card year, arrives 8–10 weeks after that year ends, and is valid for 12 months on economy fares operated by Air Canada. The base fare is $99 to $599 depending on region, and the companion pays all taxes, fees and surcharges, which can exceed the base fare.
Why it matters: Below $25,000 a year, you don't get the pass at all.
Show 5 more findingsShow fewer
2.5% FX fee, also charged on refundsImpact level: Medium
Foreign currency purchases cost 2.5% extra, and refunds are converted at a new rate
Purchases in a foreign currency are converted to Canadian dollars at the rate CIBC pays, plus a fee of 2.5% of the converted amount. The fee applies to both debits and credits, and a refund is converted at the rate on the day it's applied, which may differ from the original purchase.
Why it matters: Every $1,000 spent in a foreign currency costs about $25 in fees, and a refunded foreign purchase can still leave you out of pocket.
2 missed payments: 25.99% for a yearImpact level: Medium
Two missed payments in 12 months raise your rates to 25.99% and 27.99% for at least a year
If CIBC doesn't receive your Required Payment on time twice in any 12-month period, your rates rise to 25.99% on purchases and 27.99% on cash advances, balance transfers and convenience cheques, for at least 12 months.
Why it matters: If you ever carry a balance, two late payments make it far more expensive. Automatic minimum payments avoid this.
Default: CIBC can debit your depositsImpact level: Medium
If your account isn't in good standing, CIBC can take the balance from your CIBC deposit accounts and term deposits
When the account isn't in Good Standing, CIBC can demand the full balance and collect it by debiting any deposit account you have with it, or by redeeming fixed-term deposits, whether or not they've matured. It can also suspend or cancel the account without notice, for that or any other reason.
Why it matters: If you bank at CIBC, a missed payment can lead to withdrawals you didn't schedule and to a GIC being cashed early.
Points lost if not in good standingImpact level: Low
Aeroplan points earned in a month are cancelled if the account isn't in good standing on the statement date
Aeroplan points are awarded only if your account is in Good Standing on each monthly statement date; otherwise, the points earned in that period are cancelled.
Why it matters: A missed payment can wipe out a month of points as well as costing interest.
Phone cover: 2%/month depreciation, 10% offImpact level: Low
Phone insurance pays the depreciated value, 2% less for every month you've owned the device, minus 10%
Mobile device insurance covers loss, theft or accidental damage up to $1,500, but the payout is capped at the device's depreciated value: the purchase price minus 2% for each completed month since you bought it, then minus a 10% deductible. CIBC's own example: a $900 phone lost after 10 months pays at most $648.
Why it matters: A two-year-old phone is covered for about half its price, less the deductible.
Who This Card Is For
Great fit if you...
- Fly Air Canada often
- Spend $25,000+ a year on one card
- Use Maple Leaf Lounges
- Want long-trip medical coverage
Consider alternatives if you...
- Already earned an Aeroplan Privilege bonus
- Rarely fly Air Canada
- Don't want a $699 fee from 2027
- Make foreign-currency purchases
Welcome Bonus History
CIBC Aeroplan Visa Infinite Privilege Welcome Bonus History
The Verdict
The CIBC Aeroplan Visa Infinite Privilege delivers real value for frequent Air Canada flyers: Maple Leaf Lounge access, priority services, a companion pass and some of the best insurance in Canada.
The fee rises to $699 in January 2027, the companion pass needs $25,000 of yearly spending, lounge guest access is only promised through 2026, and the bonus is once per tier across all Aeroplan issuers.
The Recommendation: Worth it if you fly Air Canada several times a year and spend $25,000+ on the card; otherwise the $699 fee is hard to justify.
Before you apply: This teardown is general information, not financial, legal or insurance advice, and reflects the issuer's documents as of October 2026. Terms, rates, fees and offers change, and the issuer's own agreement, disclosure statement, insurance certificates and program terms are what govern your card. Read them in full and confirm details with the issuer before you apply. Full disclaimer