News, Tips & Tricks
In today's Globe & Mail there are hints that CIBC may not renew their agreement with Aeroplan! Could the 20 year partnership come to an end soon? We'll have to see what this new card CIBC is planning will have in store. A lot of cards come with a lot of hype before they launch and then when they do they aren't earth shattering. A good example are the Scotiabank Amex cards, while very good in their own right I don't believe they live up to the hype doled out by Scotiabank. The article from today's Globe & Mail as graciously supplied by long time Rewards Canada reader Andrew S is below. Andrew's thoughts are that it would be a bad move for CIBC and I partially agree, although there is a trend for more and more Canadian who are not part of the frequent flyer minority to move away from airline cards and go to travel points or hybrid cards instead for much greater flexibilty and ease of redemption. I am really curious to see who Aeroplan would team up with if this does come to fruition as the partnership with American Express can't provide enough coverage across Canada. They will need to team up an issuer of Visa and/or MasterCard branded cards. Who knows, maybe we will see the return of the Diners Club Aeroplan card (nee enRoute)!
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Those rumours would seem to favour those of us that don't use Aeroplan. I like this as it would seem other credit cards might up the bonuses to get us away from CIBC and at the same time, CIBC will have to come out with something big as well! Not US big, but better maybe? Thanks for the update Patrick.
ReplyDeleteJay.