CIBC decided to waived its annual fee and raise the sign up bonus. Previously, CIBC had the 30,000 sign up bonus Aventura points promotion, but no annual fee waived. Now they reduced the sign up bonus to 20,000 points, but waived the first year annual fee, which I think is the better deal.
There is a 30,000 Aventura bonus points sign up for the CIBC Aventura Visa Infinite Card that ends on December 31, 2013. If you are still thinking about getting this credit card, this is your last chance. Check out our previously written analysis on this credit card to see if it works for you.
Even though CIBC is not completely losing Aeroplan, it will only be a matter of time probably before they are fully separated from Aeroplan. So CIBC is preparing for life without Aeroplan by ramping up its own program called Aventura. CIBC currently has a 30,000 sign up bonus points promotion that ends on December 31, 2013. The regular sign up bonus is 15,000.