Jan 2, 2014, 12:03 am
Master thread TD Aeroplan credit card
Jan 4, 2014, 5:35 pm
#406
Join Date: Nov 2009
Location: YVR
Programs: I'm a nobody everywhere
Posts: 424
CIBC Aerogold is my longest-held CC.... but I don't like the idea of being sold to TD, and losing out on bonus points and FYF. How much does it damage my credit rating to cancel my longest-held card? And TD won't care that you just cancelled to avoid transfer, and they'll let you apply right away for the TD card? I assume you can't re-apply immediately for the new CIBC offer.
Jan 4, 2014, 8:07 pm
#407
Join Date: Jan 2004
Location: YUL
Posts: 969
CIBC Aerogold is my longest-held CC.... but I don't like the idea of being sold to TD, and losing out on bonus points and FYF. How much does it damage my credit rating to cancel my longest-held card? And TD won't care that you just cancelled to avoid transfer, and they'll let you apply right away for the TD card? I assume you can't re-apply immediately for the new CIBC offer.
CIBC told me that cancelling now would not avoid the transfer, which is already done, and TD is very well aware of that.
For one, when the unsollicited TD will arrive, I will just cancel. Anyway I am a RBC client.
Last edited by LearningToFly; Jan 4, 2014 at 8:14 pm Reason: grammar
Jan 4, 2014, 9:50 pm
#408
Join Date: Nov 2005
Location: YYT/YYZ
Programs: AC*SE, AC*MM, SPG Gold, FPC Plat, HHonors Diamond, PC Plat Elite, R&C Club 5C, Hyatt GP
Posts: 2,201
It was my understanding that it might take several months before an individual client gets switched to TD. Until then, the CIBC card will still be active. In that situation, at what point could I apply for a CIBC Aerogold Infinite card? Wouldn't I have to wait until I had been switched to TD?
Jan 4, 2014, 10:16 pm
#409
Join Date: Jan 2013
Programs: Aeroplan Diamond, SPG Plat, Hilton Gold, Marriott
Posts: 1,839
I applied at TD today in person for the Infinite to get the 15000. TD employee confirmed I would get first year free as a credit on the account.
Then she asked why I want it as she could see on my account I have a CIBC Aerogold Infinite that will be transferred to TD. Damn!
I said go ahead, I want the points. She proceeded but the system would not let her complete my application due to other issues. She has to contact head office.
TD has turned me down before for a CC even though I have pristine credit and all my business and personal accounts are with them including large investments.
Lets see if they want to keep my business.
Then she asked why I want it as she could see on my account I have a CIBC Aerogold Infinite that will be transferred to TD. Damn!
I said go ahead, I want the points. She proceeded but the system would not let her complete my application due to other issues. She has to contact head office.
TD has turned me down before for a CC even though I have pristine credit and all my business and personal accounts are with them including large investments.
Lets see if they want to keep my business.
Jan 4, 2014, 10:54 pm
#410
Join Date: Jan 2004
Location: YUL
Posts: 969
My situation is the same as yours - RBC client with a CIBC Aerogold Infinite Visa card, being switched to TD.
It was my understanding that it might take several months before an individual client gets switched to TD. Until then, the CIBC card will still be active. In that situation, at what point could I apply for a CIBC Aerogold Infinite card? Wouldn't I have to wait until I had been switched to TD?
It was my understanding that it might take several months before an individual client gets switched to TD. Until then, the CIBC card will still be active. In that situation, at what point could I apply for a CIBC Aerogold Infinite card? Wouldn't I have to wait until I had been switched to TD?
Jan 4, 2014, 11:13 pm
#411
Join Date: Apr 2007
Location: Toronto, Ont., Canada
Programs: Aeroplan; Marriott Platinum; IHG Platinum; Best Western Diamond
Posts: 2,165
I've been explained by all the reps I have talked to at CIBC that the switch is already made, which is kind of logic since the deal is now closed. Our Visa CIBC remains valid until we receive the TD one. they don't know when. So I did not cancel the old card and I applied for the "new" CIBC Aerogold Infinite on the phone yesterday, for which I've been approved after a short credit inquiry exactly as if I were a new customer. The credit agent said applying online would probably have been more complicated. One more thing: one rep said that cancelling now the old CIBC would not prevent the Visa TD from being sent to me. Same logic: deal closed,
Cancel your old cibc card if you're not getting transferred to TD. If you're sold to TD, can cancel the new TD card when they transfer you -- well, unless they also give you bonus points and FYF then wait a little while and cancel.
Jan 5, 2014, 9:12 am
#414
Join Date: Apr 2007
Location: Toronto, Ont., Canada
Programs: Aeroplan; Marriott Platinum; IHG Platinum; Best Western Diamond
Posts: 2,165
You can call cibc and ask. My wife called on Dec. 31 and spoke to a supervisor and was told her aerogold infinite card is flagged to transfer to TD. She also has a LOC with cibc. The supervisor further told her that she is technically no longer a cibc customer because her card is transferring to TD.
Jan 5, 2014, 9:16 am
#415
Join Date: Apr 2003
Location: YYZ
Programs: AC E75K, Amex Plat, NEXUS, Aman-user (not really a -junkie)
Posts: 1,721
You can call cibc and ask. My wife called on Dec. 31 and spoke to a supervisor and was told her aerogold infinite card is flagged to transfer to TD. She also has a LOC with cibc. The supervisor further told her that she is technically no longer a cibc customer because her card is transferring to TD.
Jan 5, 2014, 9:17 am
#416
Suspended
Join Date: Jan 2010
Location: Calgary, Alberta
Programs: Hyatt Diamond, Fairmont Platinum, Aeroplan Diamond, HHonors Gold, SPG Gold
Posts: 18,686
Anyone successful at reapplying with CIBC this year yet, having cancelled a same CIBC product recently, and receive the new stipulated welcome bonus?
Jan 5, 2014, 9:54 am
#417
Join Date: May 2013
Location: YYZ
Posts: 585
Anyone successful at reapplying with CIBC this year yet, having cancelled a same CIBC product recently, and receive the new stipulated welcome bonus?
I asked whether I should cancel the aerogold to be eligible for the offer and was advised that the choice to cancel was one but that it wouldn't affect my application. I decided to keep it.
Jan 5, 2014, 1:23 pm
#418
Join Date: Sep 2012
Location: YYZ (YUL/LHR)
Programs: AC - E50, CX - G, Accor Plat, SPG Gold
Posts: 903
I thought about reapplying though CIBC and I'm a bit concerned with the bank pulling my credit check and refusing to give me the welcome bonus having just cancelled my card 4 months ago. CIBC isn't Amex where churning and turnovers so close to cancellation is honoured.
Anyone successful at reapplying with CIBC this year yet, having cancelled a same CIBC product recently, and receive the new stipulated welcome bonus?
Anyone successful at reapplying with CIBC this year yet, having cancelled a same CIBC product recently, and receive the new stipulated welcome bonus?
Jan 5, 2014, 1:27 pm
#419
Suspended
Join Date: Jan 2010
Location: Calgary, Alberta
Programs: Hyatt Diamond, Fairmont Platinum, Aeroplan Diamond, HHonors Gold, SPG Gold
Posts: 18,686
I don't think it matters. I have an aerogold and I was just approved for an infinite.
I asked whether I should cancel the aerogold to be eligible for the offer and was advised that the choice to cancel was one but that it wouldn't affect my application. I decided to keep it.
I asked whether I should cancel the aerogold to be eligible for the offer and was advised that the choice to cancel was one but that it wouldn't affect my application. I decided to keep it.
Au contraire, CIBC has been a happy hunting ground for some churners, with people holding simultaneous identical cards in order to get double sign up bonuses. I personally only ever signed up twice as without the first year fee waiver, I never had an urgent need to jump on AP while paying an annual fee.
I'm still wondering about churning the same card after about 4 months. Will it work (will view receive FYF and 20k points)?
Jan 5, 2014, 1:53 pm
#420
Join Date: Jan 2013
Programs: Aeroplan Diamond, SPG Plat, Hilton Gold, Marriott
Posts: 1,839
I don't think it matters. I have an aerogold and I was just approved for an infinite.
I asked whether I should cancel the aerogold to be eligible for the offer and was advised that the choice to cancel was one but that it wouldn't affect my application. I decided to keep it.
I asked whether I should cancel the aerogold to be eligible for the offer and was advised that the choice to cancel was one but that it wouldn't affect my application. I decided to keep it.