JJonahJ

Could you have diverted that increase to apply for another TD Aero card, such as the Platinum (10K) or Business (20K)? These two are also $0 FYF, if you call in...some of the branches may not know about the Business card also being free for the first year, but I've called twice and confirmed. Unfortunately, you have to go through the process of applying for a TD Business membership first, so if you have that already, you're ready to go. Just call the Biz number on the page for the Biz card, as they are more knowledgeable than in-branch staff on the offering.

jerryhung

Applied TD Aeroplan Infinite over the EasyLine phone yesterday morning

and the CC (with #) already shows up under my TD EasyWeb, that's quick

Cana2013

You can just apply for a new CIBC Aeroplan card to keep the Advantex benefits, you will also get 20k welcome miles.

martyYYZ

I'm a CIBC cardholder and got the letter that I'll be transferred to TD.
I called the Infinite number and they said I was preapproved for $20K. I asked for the Infinite card with a $10K limit and they also let me apply for the Platinum with the remaining credit limit. Both cards were approved instantly and the fee was waived on both for the first year. I'm not sure if it helps but I have been with TD for many years.

allbrosca

I was being moved from CIBC to TD so I applied for a TD card over the phone and a few days later my number popped up on my TD profile where I have a small bank account. Already used the 2 for 1 reward even though I don't have the card yet. ^

Applied for the CIBC card on the same day at the suggestion of the person who answered their 1-800 number that I called to figure out why I was being transferred. Figured I would like to get the points and I have held the card for over 20 years. Couldn't understand why they were moving me since I have lots of other accounts at CIBC together with the bulk of my savings and investments, but apparently they are at other branches that don't count. Apparently your accounts have to be with CIBC directly. Here it is a couple of weeks later and I got a letter from CIBC saying that they need employment, address and income verification. Really?

I've been a customer for 25 years. How about that your mail isn't returned? Isn't that proof of address? I phoned in thinking there must be a mistake and was told "no exceptions - they need to check off every box".

Maybe I am getting too many cards, but I have not had to do that for any new AMEX cards or the TD one. Is CIBC being overly thorough or do they really want to get rid of me as a customer that bad?

Maybe this rant should have been in a CIBC thread?

JJonahJ

Way to GO! I have almost the same identical scenario as you, only difference is that I'm shooting for the Business instead of the Platinum with my leftover pre-approved limit. I've got an appointment to set up my TD business account later this week. If things don't work out, I'll fall back on getting the Platinum, as you did, though I'd much rather get the 20K Biz promo points

You're already going to get Distinction Silver with your two new TD points (15K + 10K)! Check out the Market Fare tab when you look for Aeroplan redemptions. You should get about 20% discount off the published miles required, and better flight options, and possibly cheaper scamcharges even though they include AC Metal.

Also, don't forget to apply for the new CIBC Aerogold 20K promo, to complete the plan!

Cana2013

Did TD confirm that they will give you welcome bonus miles for both cards?

Ancien Maestro

Quite a few credit hits. One of the reasons why I'm gun shy getting so many cards. At the end of the day it maybe worth staggering and switching cards from one year to the next between the banks for FYF and bonus mile benefits.

xLuther

People who are concerned about credit should pull a Equifax report. I do it once a year $ 14.95 for simple, $ 23.95 for full report.

https://www.econsumer.equifax.ca/

Interesting to see who has poked around on your file plus gives advice and tells you how and what actually effects your credit score, not WAG or speculation you get on message boards

martyYYZ

Yes, they did

JTS

FYI, for those who have the infinite card, the $120 annual fee that was charged was credited back to my account today ^

Applied on Jan 3rd

Ancien Maestro

Good call.. didn't know that I could that. I did peruse the credit check TD conducted, all perfect R1s with credit limit listed beside each item.

I received the Infinite Privilege card this morning. My rep checked the account, and looks like so far the fee has been waived. Will provide an update once I take a look for myself on account. Cant seem to access online with my debit card currently.

TRAVELSIG

Just a quick question for those of you being transferred as I am.

Do I need to do anything or will a new card simply arrive?

I don't care about points, bonuses, credit checks etc- I am simply traveling a lot in this period and need to make sure my card does not stop working.

FYI I don't know what constitutes a banking relationship with CIBC however I have 3 accounts plus an RRSP for more than 30 years and have been an Aerogold member since they started Aerogold and was transferred.

Clipper801

You just have to make sure that the address on file is correct. You don't need to do anything. The way that it is supposed to work is when you receive your new TD card, you have to call to activate it. As your new card is activated, the old card is concurrently cancelled. You will start using the new card.

It's a huge confusion as to what qualifies as a banking relationship. I have a friend with significant investment portfolio at Wood Gundy was also transferred to TD because apparently business relation at Wood Gundy, a subsidiary of CIBC is not considered a "banking relationship".

At the end, I surmise that there were not enough orphan accounts to be transferred to TD by CIBC. So some were just picked arbitrarily.

TRAVELSIG

Sure seems like a way to risk losing long-term customers.