CIBC Aerogold vs. CIBC Aerogold Infinite
Mar 23, 2015, 12:42 pm
#31
Join Date: Feb 2005
Posts: 7,156
Luckily, full fare is defined as 75% with Visa but 100% with Amex.
Don't forget, Amex does not cover you when you are travelling on an Aeroplan redemption ticket, only tickets obtained through Amex membership reward are covered.
Mar 23, 2015, 1:27 pm
#32
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Join Date: Dec 2010
Posts: 4,153
For both CIBC and TD, the only coverage that does not require you to charge the full fare to the Visa card is out-of-province medical.
Luckily, full fare is defined as 75% with Visa but 100% with Amex.
Don't forget, Amex does not cover you when you are travelling on an Aeroplan redemption ticket, only tickets obtained through Amex membership reward are covered.
Luckily, full fare is defined as 75% with Visa but 100% with Amex.
Don't forget, Amex does not cover you when you are travelling on an Aeroplan redemption ticket, only tickets obtained through Amex membership reward are covered.
Mar 24, 2015, 7:50 am
#34
Join Date: Feb 2005
Posts: 7,156
One more condition that everyone should be aware about the Amex Platinum insurance coverage, listed under "General Conditions" on page 11 of the Policy:
"1. Any of our policies are excess insurance and are the last payors. All other
sources of recovery, indemnity payments or insurance coverage must be
exhausted before any payments will be made under any of our policies."
"1. Any of our policies are excess insurance and are the last payors. All other
sources of recovery, indemnity payments or insurance coverage must be
exhausted before any payments will be made under any of our policies."
Mar 24, 2015, 7:57 am
#35
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Join Date: Jun 2009
Location: YYZ
Programs: AC E50K (*G) WS Gold | SPG/Fairmont Plat Hilton/Hyatt Diamond Marriott Silver | National Exec Elite
Posts: 19,284
One more condition that everyone should be aware about the Amex Platinum insurance coverage, listed under "General Conditions" on page 11 of the Policy:
"1. Any of our policies are excess insurance and are the last payors. All other
sources of recovery, indemnity payments or insurance coverage must be
exhausted before any payments will be made under any of our policies."
"1. Any of our policies are excess insurance and are the last payors. All other
sources of recovery, indemnity payments or insurance coverage must be
exhausted before any payments will be made under any of our policies."
Is this the case with CIBC? Thanks!
Mar 24, 2015, 8:44 am
#38
Join Date: Feb 2005
Posts: 7,156
One more condition that everyone should be aware about the Amex Platinum insurance coverage, listed under "General Conditions" on page 11 of the Policy:
"1. Any of our policies are excess insurance and are the last payors. All other
sources of recovery, indemnity payments or insurance coverage must be
exhausted before any payments will be made under any of our policies."
"1. Any of our policies are excess insurance and are the last payors. All other
sources of recovery, indemnity payments or insurance coverage must be
exhausted before any payments will be made under any of our policies."
It's pretty standard except CIBC covers you for 31 days if aged 64 or younger, 10 days if aged 65 or older. Amex Plat covers you for 15 days if aged 64 or younger.
I have not had a chance to compare other coverage between CIBC and Amex recently.
In the past, I have always been led to believe that Amex Auto CDW is "secondary" after your personal insurance if your own personal insurance also provides such coverage.
On balance, it's my personal opinion that the CIBC Visa Infinite Privilege insurance coverage is slightly superior than the Amex Plat.
Last edited by Clipper801; Mar 24, 2015 at 6:56 pm
Mar 24, 2015, 8:48 am
#39
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Join Date: Dec 2010
Posts: 4,153
Sorry, I was referring to the Out-of-Province Medical Coverage only. My apology for being unclear.
It's pretty standard except CIBC covers you for 31 days if aged 64 or younger, 10 days if aged 65 or older. Amex covers you for 15 days if aged 64 or younger.
I have not had a chance to compare other coverage between CIBC and Amex recently.
In the past, I have always been led to believe that Amex Auto CDW is "secondary" after your personal insurance if your own personal insurance also provides such coverage as stated on page 51 of the Amex policy (under Description of Coverage):
"10. The Cardmember and/or Eligible Person has not been indemnified for damages or expenses covered under the Policy by or through personal insurance."
However, there is no such clause in the CIBC policy. Additionally, if one redeems a car reward via Aeroplan, one is also covered.
On balance, it's my personal opinion that the CIBC Visa Infinite Privilege insurance coverage is slightly superior than the Amex Plat.
It's pretty standard except CIBC covers you for 31 days if aged 64 or younger, 10 days if aged 65 or older. Amex covers you for 15 days if aged 64 or younger.
I have not had a chance to compare other coverage between CIBC and Amex recently.
In the past, I have always been led to believe that Amex Auto CDW is "secondary" after your personal insurance if your own personal insurance also provides such coverage as stated on page 51 of the Amex policy (under Description of Coverage):
"10. The Cardmember and/or Eligible Person has not been indemnified for damages or expenses covered under the Policy by or through personal insurance."
However, there is no such clause in the CIBC policy. Additionally, if one redeems a car reward via Aeroplan, one is also covered.
On balance, it's my personal opinion that the CIBC Visa Infinite Privilege insurance coverage is slightly superior than the Amex Plat.
You maybe right about CIBC coverage. I have been pretty happy with Amex, although they made a mess of one or two claims I put through for delayed baggage. Either way, they deal with insurance teams, so neither CIBC nor Amex handle their own affairs.
I think the excess refers to OHIP or similar provincial insurance plans who should chip in first, then the travel insurance covers the difference.
Mar 24, 2015, 8:55 am
#40
Join Date: Feb 2005
Posts: 7,156
The Amex Plat only covers cardholders aged 64 or younger for 15 days.
The Centurion must have an enhanced policy coverage.
The major difference that one should consider is coverage (except medical) when travelling on an Aeroplan redemption ticket. Amex simply does not cover but CIBC/TD Aeroplan Visa Infinite does.
The Centurion must have an enhanced policy coverage.
The major difference that one should consider is coverage (except medical) when travelling on an Aeroplan redemption ticket. Amex simply does not cover but CIBC/TD Aeroplan Visa Infinite does.
Last edited by Clipper801; Mar 24, 2015 at 9:02 am
Mar 24, 2015, 9:44 am
#41
Join Date: Jul 2009
Location: YWG
Programs: Free Agent
Posts: 1,478
Mar 24, 2015, 11:28 am
#43
Join Date: Feb 2005
Posts: 7,156
I have read other posts here that Royal Sun Alliance had paid claims when travelling on Aeroplan redemption tickets.
If you read the Policy, it is specifically excluded.
If you were paid in the past, consider yourself as lucky and caught them sleeping on their watch. I shall not rely on it based on the exclusion wording in the Policy.
CIBC/TD policies specifically cover travel on a redemption ticket, including car rental and hotel using your Aeroplan points to pay.
If you read the Policy, it is specifically excluded.
If you were paid in the past, consider yourself as lucky and caught them sleeping on their watch. I shall not rely on it based on the exclusion wording in the Policy.
CIBC/TD policies specifically cover travel on a redemption ticket, including car rental and hotel using your Aeroplan points to pay.
Mar 24, 2015, 2:39 pm
#45
Join Date: Dec 2011
Location: Canada
Programs: *void
Posts: 2,408
You, and several others. But as Clipper has mentioned, technically you shouldn't have been. So, YMMV.
Plus, according to the T&Cs, for the coverage you need the AeroScams to be paid by either a CIBC or TD Aero (Infinite?). Furthermore, only if paying on a redemption with points from the Aero account that is attached to that Visa card. So, for example, you can't just use your card to pay for the AeroScams on your spouse's/buddy's points.
Plus, according to the T&Cs, for the coverage you need the AeroScams to be paid by either a CIBC or TD Aero (Infinite?). Furthermore, only if paying on a redemption with points from the Aero account that is attached to that Visa card. So, for example, you can't just use your card to pay for the AeroScams on your spouse's/buddy's points.