CIBC Aerogold Visa Card for Business review March 2021 | Finder Canada

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CIBC Aerogold Visa Card for Business review

Get a generous welcome bonus and earn a high return on Aeroplan Miles when you spend money on your business.

Updated

Please note: All information about CIBC Aerogold Visa Card for Business has been collected independently by Finder and this card is not available through this site.

No longer offered in the market

The CIBC Aerogold Visa Card for Business is no longer available. However, we’ve kept the information online for those who are interested.

You can compare more CIBC credit cards here.

The CIBC Aerogold Visa Card for Business is a mid-level card designed for small business owners. It lets you earn 1.5 miles for every dollar you spend on gas, flights, hotels, car rentals and travel agencies You’ll also earn one mile for every dollar you spend on just about anything else. This card also comes with low interest and a generous welcome bonus.

30-second take

  • Think about this card if you own a business and collect Aeroplan Miles.
  • Choose something else if you want premium benefits or don’t want to pay an annual fee.
  • You’ll need to have a minimum annual income of $35,000 to apply for this card.

The basics

If you own a small business and want to start earning Aeroplan Miles on every purchase you make, you might be interested in the CIBC Aerogold Visa Card for Business.

  • High return. Earn between 1 and 1.5 miles for every dollar you spend on your card.
  • Earn 2x the rewards. Get double the rewards when you shop at Aeroplan partner organizations.
  • Welcome bonus. Earn 35,000 Aeroplan Miles when you sign up and get a $120 Air Canada eGift card.
  • Low interest. Pay interest rates as low as 12.99% on outstanding balances.
  • Travel benefits. Protect against losses with additional trip interruption and cancellation insurance as well as flight delay and baggage insurance.
  • Air Canada perks. Take advantage of priority boarding, free checked baggage and a complimentary annual pass to Air Canada’s Maple Leaf Lounge.
  • Purchase assurance. Rest easy with 90 days
    of purchase protection and extended warranty coverage on eligible products you buy with your card.

The perks

  • Business features. Track your business costs separately from your personal account and set spending limits on additional cards.
  • Common carrier insurance. Get covered for up to $500,000 when you travel on public or ticketed charters like flights, buses, trains and ferries.
  • Car rental insurance. Get free insurance on any car rental you use your credit card to pay for.
  • Security features. Relax knowing your account is protected with security features like fraud alerts, encrypted chip-enabled cards and Visa Checkout services.
  • Many additional cards. You can get up to nine additional cards on this account.

What to watch out for

  • Annual fee. It costs $180 per year to keep your card in good standing.
  • No cash back. You won’t be able to exchange your miles for cash in hand.
  • No travel medical. There’s no coverage for travel medical when you travel out of province.
  • Fee for additional cards. You’ll have to pay an extra $50 for every card you add to your account.

What should I know before I apply

How to apply

  1. Head to the CIBC website to begin your application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Bottom line

If you own a small business and you want to start earning additional Aeroplan Miles on every purchase you make, you might like to consider pairing your Aeroplan membership with a CIBC Aerogold Visa Card for Business. This card offers low interest along with a generous welcome bonus and a full suite of travel benefits.

Compare other business credit cards

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Welcome Offer
American Express Business Edge Card
19.99%
21.99%
$99
N/A
Earn up to 42,000 Membership Rewards points in your first year. Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases
American Express Aeroplan Business Reserve Card
16.99%
21.99%
$599
N/A
Earn up to 65,000 Welcome Bonus Aeroplan points and a $100 Statement Credit as a new cardmember.
BMO Rewards Business Mastercard
14.99%
22.99%
$0 annual fee for the first year ($120 thereafter)
N/A
Get up to $470 in value in your first year. Get 50,000 BMO Rewards points when you spend $5,000 in the first three months. Plus, the primary cardholder will get the first year $120 annual fee waived.
BMO Air Miles Business Mastercard
19.99%
22.99%
$120
N/A
Get up to 3,000 AIR MILES Bonus Miles ($310 towards your purchases with AIR MILES Cash).
BMO Cashback Business Mastercard
19.99%
22.99%
$0
N/A
Get 10% cash back on gas, office supplies, cell phone bills and internet bills for 3 months.
BMO Air Miles No-Fee Business Mastercard
19.99%
22.99%
$0
N/A
Get 1,000 AIR MILES Bonus Miles (over $100 towards your purchases with AIR MILES Cash).
American Express AIR MILES for Business Card
N/A
N/A
$180
N/A
Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $5,000 on eligible purchases within the first three months
Business Platinum Card from American Express
N/A
N/A
$499
N/A
Earn a Welcome Bonus of 50,000 Membership Rewards points when you charge $7,000 in purchases to your Card in your first three months of Cardmembership.
Marriott Bonvoy Business American Express Card
19.99%
21.99%
$150
N/A
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership. Terms apply
American Express Business Gold Rewards Card
N/A
N/A
$250
N/A
Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months
American Express AIR MILES Gold Business Card
19.99%
21.99%
$0
N/A
Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
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