Originally Posted by antirealist
I intend to cancel. The 1.5 pts/$1 was the main reason for having this card. It's my understanding that the annual fee is prorated, and you'll get a refund if you cancel early.
FYI, there are rumours that CIBC will be announcing an AeroPlat card shortly.
Count me out. I got the same notice yesterday from AE Platinum. They increased the annual fee to $500 and buried it in fine print. I have pumped hundreds of thousands through AE only for the points. The companion ticket is a cruel joke. The AE card is hated by merchants and few stores seem to take AE. Reading the slick brochure that came in the mail then comparing it with the legal booklet enclosed makes you realize how deceptive these guys are. I also have a CIBC gold aeroplan card so I just put everything through it