Consumer Payment Card News

AeroCorporate VISA

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Canadian business owners can have their cake and eat it too. CIBC and Aeroplan have teamed up to launch the new CIBC AeroCorporate VISA. Under the business card program cardholders will earn one Aeroplan mile for every two dollars spent for eligible travel and entertainment expenses. These miles can be redeemed for free travel on Air Canada and its airline partners. The annual fee for the CIBC AeroCorporate Card is $60. Companies may select a card without the air miles program for an annual fee of $30. Aeroplan is Canada’s leading frequent flyer program with more than 4 million members. The program offers free travel to destinations served by Air Canada, its regional airlines and its worldwide partner airlines via the Star Alliance. Star Alliance carriers include Air New Zealand, ANA All Nippon Airways, Ansett Australia, Lufthansa, SAS, THAI Airways, United Airlines and VARIG. Both CIBC corporate VISA cards offer $500,000 Travel Accident Insurance, Collision Loss and Damage Insurance, Flight Delay and Emergency Purchases Insurance, Avis car rental discounts, and 24-hour emergency services. For more information visit www.cibc.com.

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