CIBC Aerogold Visa Infinite Card
Mar 13, 2008, 5:03 am
#1
Original Poster
Join Date: Jul 2001
Location: Mississauga, ON Canada
Programs: AC, AA, Marriott Rewards, Tim Hortons
Posts: 244
CIBC Aerogold Visa Infinite Card
Full page ad in today's G&M:
Refers to additional purchasing power (transactions assessed individually to allow spending over credit limit, but excess must be paid down monthly); 50% more AP miles for gas, etc.; and access to AP ClassicPlus Flight Rewards.
Ad says personalized invitations will be mailed shortly -- anyone receive an invite? Assume CIBC is taking a run at Amex's market for no limit cards? Any guess what the annual fee will be?
Refers to additional purchasing power (transactions assessed individually to allow spending over credit limit, but excess must be paid down monthly); 50% more AP miles for gas, etc.; and access to AP ClassicPlus Flight Rewards.
Ad says personalized invitations will be mailed shortly -- anyone receive an invite? Assume CIBC is taking a run at Amex's market for no limit cards? Any guess what the annual fee will be?
Mar 13, 2008, 6:29 am
#3
Join Date: Jul 2006
Location: YTZ/LHR
Programs: VIPorter First, BA GGL, DL Plat, Golden Circle Elite
Posts: 830
And don't we get that too as regular aerogold holders? I was frankly a little surprised when I cancelled my Aerogold after historically spending 70-100k per year for 5+ years, and they made absolutely zero effort to retain me or win me back. Marketing mistakes in action!
Mar 13, 2008, 7:45 am
#4
Join Date: Aug 2004
Location: Toronto
Posts: 200
RBC's version of this card is here (not too much information):
http://www.rbcinvestments.com/visainfinite/index.html
http://www.rbcinvestments.com/visainfinite/index.html
Mar 13, 2008, 7:54 am
#5
Join Date: Jul 2004
Location: yyz
Programs: Aeroplan
Posts: 424
Full page ad in today's G&M:
Refers to additional purchasing power (transactions assessed individually to allow spending over credit limit, but excess must be paid down monthly); 50% more AP miles for gas, etc.; and access to AP ClassicPlus Flight Rewards.
Ad says personalized invitations will be mailed shortly -- anyone receive an invite? Assume CIBC is taking a run at Amex's market for no limit cards? Any guess what the annual fee will be?
Refers to additional purchasing power (transactions assessed individually to allow spending over credit limit, but excess must be paid down monthly); 50% more AP miles for gas, etc.; and access to AP ClassicPlus Flight Rewards.
Ad says personalized invitations will be mailed shortly -- anyone receive an invite? Assume CIBC is taking a run at Amex's market for no limit cards? Any guess what the annual fee will be?
Mar 13, 2008, 11:38 am
#6
Join Date: Mar 2008
Location: Toronto, Canada
Programs: Aeroplan, Bonvoy, Alaska, Avios
Posts: 1,290
I just transferred my gold visa to an aerogold visa. I really don't see the point (full page ads!?!) as I want a 1:2 AP visa (not amex) card!! The unlimited part might be usefull when the wife puts on 70k in business spending when her industry trade show comes to town. Otherwise she just pays the card down early to get the points.
Mar 13, 2008, 12:16 pm
#7
Join Date: Apr 2005
Location: Toronto
Programs: AC SE MM, Marriott Lifetime Titanium, Hyatt Globalist
Posts: 2,101
Visa will never be 1:2 or even a real 1:1.5 because the % they charge to merchants is lower than AMEX so they have no wiggle room, unless AP reduces the per mile fee, but I'm sure they're already paying 1c or less!
Mar 13, 2008, 12:43 pm
#8
Join Date: Feb 2007
Location: YVR
Programs: AC E50K
Posts: 994
I am canceling my CIBC Aerogold for the same reason. I am switching to AMEX as one gets double AP points on every purchase (not just gas, grocery) after spending $10K.
Mar 13, 2008, 12:45 pm
#9
Join Date: Oct 2005
Location: YTZ/YYZ
Programs: AE, AA
Posts: 245
It's a VISA thing
Just received a letter from TD telling me how they're going to make my life better by changing my Gold Travel VISA to an Infinite VISA, while reducing some benefits and adding ones I don't need.
Hooray!
Hooray!
Mar 13, 2008, 1:15 pm
#10
Join Date: Mar 2007
Programs: AEROPLAN
Posts: 820
Mar 13, 2008, 1:17 pm
#11
Join Date: Oct 2005
Location: YYC - soon to be 東京
Programs: AC Prestige, Marriott Silver, Hyatt Gold, Hertz #1 Gold, Radisson Gold Elite, HHonors
Posts: 1,830
Just a heads up.. they're going to also offer the Aventura Infinite Visa as well simulateously.
Should be seeing an invite land in my mailbox within a week or two!
Sanosuke!
Should be seeing an invite land in my mailbox within a week or two!
Sanosuke!
Mar 13, 2008, 1:28 pm
#12
Join Date: Mar 2008
Location: Toronto, Canada
Programs: Aeroplan, Bonvoy, Alaska, Avios
Posts: 1,290
now THAT'S an understatement!
I had a business airmiles amex for 2 months until my CIBC Aerogold arrived. Bell-no, freight company -no, customs brokerage -no, ups/purolator -no, etc etc. There's a few k's of points right there every month.
Mar 13, 2008, 1:31 pm
#13
Join Date: Mar 2007
Programs: AEROPLAN
Posts: 820
that because amex charges the most to companies, thats why amex can give the highest rewards too.
Mar 13, 2008, 2:39 pm
#14
Join Date: Mar 2005
Programs: fwp blood diamond, dykwia uranium
Posts: 7,252
And don't we get that too as regular aerogold holders? I was frankly a little surprised when I cancelled my Aerogold after historically spending 70-100k per year for 5+ years, and they made absolutely zero effort to retain me or win me back. Marketing mistakes in action!
What I also don't get is how consumers go for this garbage. I guess it's a Canadian thing. If it's in a Canadian TV ad, it's bigger, and therefore, better.