Cibc Aeroplan Cardholder Agreement

As a professional, I understand the importance of creating content that not only informs readers but also ranks well in search engines. In this article, we will discuss the CIBC Aeroplan Cardholder Agreement and provide you with all the necessary information you need to know.

The CIBC Aeroplan Cardholder Agreement is a legal document that outlines the terms and conditions associated with using the CIBC Aeroplan credit card. It is important to read and understand this agreement before applying for the card, as it contains valuable information regarding interest rates, fees, and other important details.

The first thing to note about the CIBC Aeroplan Cardholder Agreement is the interest rate. The interest rate on this card is variable and is determined by the prime rate set by CIBC. The current interest rate is 19.99%, and this rate may change depending on market conditions. It is important to note that interest charges will accrue on any outstanding balances on the card, so it is essential to pay off your balance in full each month to avoid accruing interest charges.

Another important aspect of the CIBC Aeroplan Cardholder Agreement is the fees associated with the card. There is an annual fee of $120, which is waived for the first year for new cardholders. Additionally, there are fees associated with cash advances, balance transfers, and foreign transactions. It is important to review the agreement to understand these fees fully.

The CIBC Aeroplan Cardholder Agreement also outlines the rewards program associated with the card. This program allows cardholders to earn Aeroplan points for every dollar spent on eligible purchases. These points can be redeemed for flights, hotel stays, car rentals, and other travel-related expenses. The agreement outlines the terms and conditions associated with earning and redeeming these points, so it is important to review this information thoroughly.

In conclusion, the CIBC Aeroplan Cardholder Agreement is an essential document for anyone considering applying for this credit card. It provides important information regarding interest rates, fees, rewards, and other important details. It is crucial to read and understand this agreement thoroughly to ensure that you make informed decisions regarding your credit card usage.