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Old Jun 27, 2013 | 1:35 pm
  #81  
jerry305
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Join Date: Sep 2010
Location: Canadia
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TD set to take over Aeroplan credit cards unless CIBC matches offer

Many users on this forum are Aeroplan members. Here's some news on proposed changes with Aeroplan.

News on this thread:
Flyertalk thread: TD set to take over Aeroplan credit cards unless CIBC matches offer


Globe & Mail article:
TD set to take over Aeroplan credit cards unless CIBC matches offer


Blog article:
Canadian Kilometers blog/



Toronto-Dominion Bank is set to take over as the new provider of Aeroplan credit cards once Canadian Imperial Bank of Commerce’s contract with the rewards program expires at the end of the year.
...
TD’s contract with Aimia would last 10 years and allows the bank to launch a number of co-branded credit cards with the Aeroplan program.
...
However, there is a wrinkle in the new contract. CIBC has what is known as a right of first refusal, which means the bank has the right to renew its contract, under revised terms, before Aimia signs a deal with any other bank.
...

Last edited by jerry305; Jun 27, 2013 at 1:46 pm
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