Consumer Payment Card News

Canadian Rewards

Canada’s top frequent flyer credit card program is taking off for a new market. CIBC VISA has unveiled the new CIBC Aerogold VISA Card for Business. The new card carries a CD$180 annual fee and risk-based APRS of 10.9%, 13.9% and 16.9%. Up to three additional cards may be issued on the same account for CD$50 each. Cardholders earn one Aeroplan mile for each dollar spent on the card. Each new primary cardholder is guaranteed to receive a Welcome Bonus of 2,500 Aeroplan Miles. Credit limits up to CD$50,000 are offered. Aeroplan has more than four million members earning miles toward free travel to destinations served by Air Canada, its regional airlines and its worldwide partner airlines including Star Alliance carriers. For more information visit

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