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New Aeroplan credit cards from TD and CIBC

Learn more about the perks and benefits on offer with the new Aeroplan credit cards from TD and CIBC.

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If you’re a longtime Aeroplan member, then you probably know that the Aeroplan program has undergone a massive overhaul in the past year (after being bought out by Air Canada). Details of the new program have already been released, but changes to the old program won’t come into effect until November 2020.

At around the same time, Aeroplan’s current line of credit cards will also adopt a different set of fees, features and benefits to align with the new program. If you’re an existing cardholder, these changes will take effect on November 8. You’ll also be able to sign up for the new Aeroplan credit cards from TD and CIBC at this time.

Major changes to TD Aeroplan credit cards

TD Aeroplan cards are set to change over on November 8, 2020. Some of the major changes you can expect to see include fee hikes for some cards, changes to rewards, upgraded travel insurance, more supplementary insurance and additional perks.

Fees

The fees for the TD Aeroplan Visa Infinite and TD Aeroplan Visa Infinite Privilege credit cards have increased, while the TD Aeroplan Visa Platinum and TD Aeroplan Visa Business cards have stayed the same.

Old CardsNew CardsVisa PlatimunVisa InfiniteInfinite PrivilegeVisa Business
Fees are between $120 and $399 for premium cardsSome cards are subject to fee increases while others are notN/A$120 to $139$399 to $599N/A

Rewards

The rewards for most cards have stayed the same, other than that they are now called points instead of miles. That said, accelerated rewards for drugstore purchases have been removed for all cards. In addition, many cards now offer an accelerated rate of rewards for Air Canada purchases.

Aside from that, the TD Aeroplan Visa Infinite Privilege and the TD Aeroplan Visa Business card will undergo small changes to their reward structures.

  • Aeroplan Visa Infinite Privilege. You can expect to see an increase in points for Air Canada purchases and accelerated points for dining and travel purchases.
  • Aeroplan Visa Business. There will be an increase in points for Air Canada purchases and accelerated points for dining and business expenses. You’ll also see a decrease in points for gas.
Old CardsNew CardsVisa PlatimunVisa InfiniteInfinite PrivilegeVisa Business
Drugstore purchases are eligible for accelerated rewardsDrugstore purchases are no longer eligible for accelerated rewardsYesYesYesYes
Aircanada.com purchases are eligible for accelerated rewardsAll Air Canada purchases are eligible for accelerated rewardsYesYesYesYes

Travel insurance

The main change for travel insurance is that all cards now come with hotel/motel burglary insurance to cover your belongings if they’re stolen out of your room. Another difference is that many types of insurance are now available for up to three other cardholders to use instead of just the primary cardholder. You’ll also be required to book a smaller percentage of your trip on your card to be eligible for many types of insurance (75% down from 100%).

Travel medical coverage stays mostly the same for all cards, except for the TD Aeroplan Visa Infinite Privilege. For this card, travel medical will now be offered for up to 31 days (instead of 22 days). The TD Aeroplan Visa Business card also gets a boost to its trip cancellation and trip interruption insurance.

Old CardsNew CardsVisa PlatimunVisa InfiniteInfinite PrivilegeVisa Business
No motel/hotel burglary coverageHotel/motel burglary coverage up to $2,500 per occurrenceYesYesYesYes
Common carrier insurance paid to first surviving classCommon carrier insurance paid to the estateYesYesYesYes
Delayed/lost baggage insurance covers primary cardholder when 100% of the trip is booked on the cardDelayed/lost baggage insurance covers up to 3 additional cardholders when 75% of the trip is booked on the cardYesYesYesYes
Flight/trip delay insurance is available when 100% of the trip is charged to the cardFlight/trip delay insurance is available when 75% of the trip is charged to the cardYesYesYesYes
Trip cancellation/trip interruption insurance is available when 100% of the trip is charged to the cardTrip cancellation/trip interruption insurance is available when 75% of the trip is charged to the cardN/AYesYesYes
Travel insurance is provided on most cardsNo change except for the enhanced coverage for Visa Infinite Privilege cardholdersN/AYesYesYes

Other insurance

One of the biggest changes with other forms of insurance is that all cards now come with $1,000 worth of mobile device insurance. This will pay for the costs to replace your phone if it’s lost, broken or stolen within two years from the date you purchase it. Just be aware that this is usually only available for new phone purchases (not refurbished or used).

Another change is similar to travel – where you’ll still be eligible for purchase insurance and extended warranty coverage if only 75% of the item you purchased is paid for on your card (instead of 100%).

Old CardsNew CardsVisa PlatimunVisa InfiniteInfinite PrivilegeVisa Business
No mobile device insuranceMobile device coverage for up to $1,000 on eligible mobile devices (and $1,500 for the Visa Infinite Privilege)YesYesYesYes
Purchase insurance and extended warranty cover the primary cardholder when 100% of the item is paid for on the cardPurchase insurance and extended warranty covers up to 3 additional cardholders when 75% of the cost of the item is paid on the cardYesYesYesYes
Car rental insurance provided with all cardsNo changeYesYesYesYes

Additional perks

You’ll also get a number of additional perks with most TD Aeroplan cards when the cards roll over to match the new program. These include the following with most cards:

  • Nexus fee. You’ll get reimbursed for your nexus fee on some cards. This is a program designed to let travellers skip the lines when crossing the border between Canada and the US.
  • Emergency travel assistance. It will still be possible to call in to TD when you’re travelling overseas to get help with medical referrals, legal referrals, emergency cash transfers and assistance with replacement tickets and travel documents.
  • Preferred pricing. You’ll be able to qualify for preferred pricing on some flights, which means you’ll need to redeem fewer points than Aeroplan members that don’t have an Aeroplan credit card for some flights.
  • First bag checked free. You won’t have to pay a checked baggage fee when you or your travel companions fly on any Air Canada flight – even if you haven’t booked it with points.
  • Elite status boost. For most cards, you’ll get Status Qualify Miles (SQM) or Status Qualifying Segments (SQS) when you spend a certain amount on your card. This means you can get closer to Elite Status (which comes with a number of travel perks and benefits) every time that you spend money on your card.
Old CardsNew CardsVisa PlatimunVisa InfiniteInfinite PrivilegeVisa Business
NEXUS fee reimbursement not providedEach cardholder will get a rebate of up to $100 for a NEXUS application and/or renewal feeYesYesYesYes
Emergency Travel Assistance Services provided with all cardsNo changeYesYesYesYes
No preferred pricing when booking with milesPreferred pricing offered to TD Aeroplan cardholdersYesYesYesYes
First bag checked free for primary cardholder when flight booked with Aeroplan MilesFirst checked bag free on Air Canada for the primary or secondary cardholder and up to eight travel companionsYesYesYesYes
Elite status boost only offered when you spend money on flightsElite status boost offered for all purchases on your cardN/AYesYesYes

Major changes to CIBC Aeroplan credit cards

CIBC’s line of Aeroplan credit cards will also undergo a series of changes when the new Aeroplan program takes effect. At this time, all cards will go from being called CIBC Aero Platinum and Aerogold Visas to being labelled as CIBC Aeroplan Visas.

Fees

The fees for the CIBC Aeroplan Visa Infinite and CIBC Aeroplan Visa Infinite Privilege credit cards will increase, while the CIBC Aeroplan Visa will decrease and the CIBC Visa Business card will stay the same.

Old CardsNew CardsAeroplan VisaVisa InfiniteInfinite PrivilegeVisa Business
Fees are between $39 and $399 for old cardsSome cards are subject to fee increases while the fee on the Aeroplan Visa is decreased to $0$39 to $0$120 to $139$399 to $599N/A

Rewards

The rewards for most CIBC Aeroplan cards have stayed the same, though there are some minor changes. Much like TD Aeroplan cards, CIBC cards will no longer offer accelerated rewards for drugstore purchases. There will also be special points bonuses factored in for making Air Canada purchases.

You can also expect to see changes to the points you can earn with CIBC’s most premium cards. These include the CIBC Aeroplan Visa Infinite Privilege and the CIBC Aeroplan Visa Business card.

  • Aeroplan Visa Infinite Privilege. There will be an increase in points for Air Canada purchases and accelerated points for dining and travel purchases.
  • Aeroplan Visa Business card. Keep your eye out for an increase in points for Air Canada purchases, accelerated points for dining and business expenses and a decrease in points for gas.
Old CardsNew CardsAeroplan VisaVisa InfiniteInfinite PrivilegeVisa Business
Drugstore purchases are eligible for accelerated rewardsDrugstore purchases are no longer eligible for accelerated rewardsYesYesYesYes
Aircanada.com purchases are eligible for accelerated rewardsAll Air Canada purchases are eligible for accelerated rewardsYesYesYesYes

Travel insurance

One of the biggest changes to premium cards is that hotel/motel burglary insurance has been added to the benefits. This covers the cost of replacing belongings that are stolen out of your room (up to a certain limit). Another difference is that many types of insurance are now offered to all authorized users and can be used without the primary cardholder in attendance.

Old CardsNew CardsAeroplan VisaVisa InfiniteInfinite PrivilegeVisa Business
No motel/hotel burglary coverage except for the CIBC Aeroplan Visa Infinite Privilege cardHotel/motel burglary coverage up to $2,500 per occurrenceN/AYesYesYes
Many types of insurance aren’t available to anyone except the primary cardholderAuthorized users can enjoy eligible travel benefits even when travelling without the primary cardholderN/AYesYesYes
Trip cancellation for the CIBC Aeroplan Visa Infinite card is $1,000 per person, per tripTrip cancellation for the CIBC Aeroplan Visa Infinite card is extended to $1,500 per person, per tripN/AN/AYesN/A

Other insurance

One of the biggest changes to this category is the addition of mobile device insurance for the CIBC Aeroplan Visa Infinite and Visa Infinite Privilege cards. This insurance will give you $1,000 to help pay to replace your mobile phone if it’s lost, broken or stolen within two years from the date you purchase it.

Old CardsNew CardsAeroplan VisaVisa InfiniteInfinite PrivilegeVisa Business
No mobile device insuranceMobile device coverage up to $1,000 for eligible phones (and up to $1,500 for Visa Infinite Privilege)N/AYesYesN/A
Car rental insurance provided with all cardsNo changeYesYesYesYes

Additional perks

CIBC’s new line of Aeroplan cards is well-equipped with a number of exceptional perks. These include the following with certain cards:

  • Nexus fee. You’ll get reimbursed US$50 for your nexus fee once every 4 years. Nexus is a program designed to let travellers skip the lines when crossing the border between Canada and the US.
  • Preferred pricing. You may be eligible for preferred pricing on some flights if you’re a CIBC Aeroplan cardholder. This will allow you to book flights using fewer points than a normal Aeroplan member might have to use.
  • First bag checked free. You won’t have to pay a checked baggage fee when you or up to eight of your travel companions fly on any Air Canada flight. Authorized users will also qualify for this benefit, even if the primary cardholder isn’t in attendance.
  • Elite status boost. For most cards, you’ll get Status Qualify Miles (SQM) or Status Qualifying Segments (SQS) when you spend a certain amount on your card. This means you can get closer to Elite Status every time that you make purchases using your card.
  • Premium card benefits. You’ll get additional lounge access and other travel perks added onto premium cards like the CIBC Aeroplan Visa Infinite Privilege and the Visa Business Card.
Old CardsNew CardsAeroplan VisaVisa InfiniteInfinite PrivilegeVisa Business
NEXUS fee reimbursement not providedEach cardholder will get a rebate of up to US$50 for a NEXUS fee every 4 yearsN/AN/AYesN/A
No preferred pricing when booking with milesPreferred pricing offered to CIBC Aeroplan cardholdersYesYesYesYes
First bag checked free for primary cardholder when flight booked with Aeroplan MilesFirst checked bag free on Air Canada for the primary or secondary cardholder and up to eight travel companionsN/AYesYesYes
Elite status boost only offered when you spend money on flightsElite status boost offered for all purchases on your cardN/AYesYesYes
Visa Infinite Privilege offers limited lounge access and a half-price companion flight each yearVisa Infinite Privilege offers unlimited Air Canada lounge access and one $99 companion flight each yearN/AN/AYesN/A
Business Visa offers one guest pass for lounge access each yearBusiness Visa lets customers earn one lounge pass for every $10,000 spent (max 4 per year)N/AN/AN/AYes

Who’s the winner: TD vs CIBC?

Many of the new changes to TD Aeroplan and CIBC Aeroplan cards are similar and there’s no clear winner between the two providers for this reason. For example, accelerated rewards for drugstore purchases are being rolled back by both TD and CIBC, and fee increases are relatively the same across the board.

In addition, both lines of credit cards have added similar insurance products to each card. These include mobile device insurance and hotel/motel burglary insurance. That said, TD seems to come out on top for its most basic Aeroplan card. This is likely because the fee on the CIBC Aeroplan card has been rolled back to $0 while it costs $89 to get the TD Aeroplan Visa Platinum.

Bottom line

The new Aeroplan program will be launched in November 2020 and with it comes a new line of credit cards from CIBC and TD. Many of the improvements made to these credit cards are similar for both providers so your choice about which one to go with will likely be based on personal preference. Find out more about how the added benefits for both lines of cards compare and choose the card you’re most interested in today.

Frequently asked questions about the Air Canada Aeroplan program

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