asovse1

Thanks for the clarification on the ownership! And also the insight on the banks' partnership

The Lev

It is safe to cancel the earlier of the end of 2023 or when you no longer value your status.

TD market cap: $154 billion
CIBC market cap: $54 billion
TD is almost 3 times the size of CIBC. (I can remember when CIBC was Canada's second largest bank and TD was fifth.)

Adam Smith

Resource allocation like what I was referring to above is never done based on market cap, it's done based on a measure of operating performance, like revenue in the division in question. For FY2021, TD's revenue from Canadian personal and business banking (the segment that would include Aeroplan credit cards) was about $14 billion. CIBC's was about $8 billion. So TD is <2x the size of CIBC in that respect. For many years, TD was also quite weak in credit cards, which is a big part of why they went in so hard for Aeroplan all those years ago. If that were still true, whoever was managing the credit card segment of the Canadian retail business might be managing less than even less than 14/8 of CIBC's revenue in cards. But I don't really have much current information in that area, that may have changed.

Flyingbunny88

The 30k spend threshold, where can I see a YTD summary how i am doing towards the 30k goal by end of November?

InTheAirGuy

You need to add it up off your statements...

canadiancow

There is no 30k spend threshold. It's 30k points.

painintheuk

WIth CIBC at least, you can look at the spend report and choose YTD. Then just multiply each category spend by the relevant multiplier for your card.

james dean

Signed up for the CIBC Card, just starting to get back in the flying grove anyway, wouldn't have made SE by a long shot this year without the CC offer. Next year a different story, lots of trips on the agenda. As mentioned previous this offer doesn't produce new Status members just keeps current members at their status if they qualify with the conditions.

canadianidol

I am close to hitting the 30K in total points via my personal premium card. My question is once I hit the 30K and my status is extended for another year. What happens if I have returns on purchases made counted for the 30K in points in 2023? I know they will deduct the points accordingly. Will they take my extended status away? What happens if I obtain a biz version of the premium card? Can I make purchases on this biz card linked to the same aeroplane account # to offset the anticipated purchases made on the personal card?

james dean

I think if your do any returns you could loose your status. Just looking at the R&R from the offer. It's a good question, but as an example you qualify for your status with the 30,000 point offer but then sometime later (2023)you need a refund for whatever reason, it appears they could pull your status. This will be hard to police I'm sure but it seems they have made provision for this very aspect in the "terms & Conditions"


Cash Advances, Balance Transfers, Convenience Cheques, fees, interest and payments. Refunds, rebates, or credits on the account will cancel this Offer if the Eligible Earn are not met over the Offer Period.

Most likely if you did have a credit or refund over the 2023 period as long as you don't go below the 30,000 points qualifying threshold your status would be maintained.

InTheAirGuy

MrsITAG hit 32,000 points today with 1900 of that being bonus (gas, etc). It will be interesting to see how long it will take for them to extend her SE to 2023 under the offer.

james dean

Good question, I'm wondering the same...I think they have created a lot of work for themselves to try and sort this out. The Terms say it may take awhile in the new year before you get awarded. I'm thinking perhaps late Jan or Feb at the latest depending on how many have participated in the program.

Wings100

What happens if you earn 2023 status via the CC but then downgrade the Infinite card to a regular Aeroplan card?

james dean

I think as long as you maintain an Aeroplan CC you should meet the T&C's.

Your Aeroplan Co-Branded Credit Card account and Aeroplan account must be open and in good standing at the time the Offer is fulfilled for the Aeroplan Elite status extension to be processed. If you cancel your Aeroplan Co-Branded Credit Card following the Aeroplan Elite status extension, we reserve the right to reverse the Aeroplan Elite status extension.

All Aeroplan cobrand cardholders with Elite status are eligible for this Offer.

psiachp

Been checking daily, and just now my status shows another year of 75K (presumably from my chase card). I also recently hit the 50K spend but the status bump is not reflected (yet).