has become the second major bank in Canada to issue both Visa and Mastercard cards
with the launch of their CIBC Aventura World Mastercard. Much like its
Aventura Visa equivalent, the Aventura World Mastercard looks to attract customers
who want the ability to redeem points for flights without blackout dates and have
the option to convert those points to Aeroplan Miles. Where this card differs
from its Visa equivalent is on the benefits side, the World Mastercard option
provides more in terms of the benefits included then the Visa Infinite branding
On the redemption side, the points earned with the CIBC Aventura World Mastercard can be redeemed for any flights via the CIBC Aventura Rewards Centre. The World Mastercard has a set reward chart for flights with a limited amount at the lowest level and more at the higher levels. If you are lucky enough to get a $400 short haul ticket at the 10,000 point level, congratulations you have received the maximum return on this card of 4%. The return diminishes as the tickets go up in price and availability becomes tighter, see the following:
- Canada and U.S. (Short Haul) 10,000 - 25,000 points (Max. $400 ticket value)
- Canada and U.S. (Long Haul) 20,000 - 40,000 points (Max. $650 ticket value)
- Mexico, Alaska, Hawaii, Central America, Caribbean 40,000 - 60,000 points (Max. $1,000 ticket value)
- Europe 50,000 - 70,000 points (Max. $1,200 ticket value)
- Rest of the World 75,000 - 125,000 points (Max. $2,000 ticket value)
Tickets at the lowest point redemption levels are limited and are not available for certain times, flights or destinations. The maximum ticket price is before taxes, fees and other surcharges. These must be paid by the cardholder at the time of booking with an Aventura card or with Aventura points at a rate of 100 points to $1. At the time of booking, you can also purchase up to 20% of the required points at $0.03 each to reach a specific redemption level is so desired.
The card also allows members to convert their Aventura points to Aeroplan Miles in 10,000 point increments at a ratio of 1 to 1.
What is good
about this card
is not so good about this card
This card will be included in our next Canada's
Top Travel Rewards Card feature which will be out this summer! Where will it end
up? You will just have to wait and see.