CIBC + TD = Aeroplan co-branded credit Cards!

Aeroplan deal!
Aeroplan deal!

Aeroplan announced today that:

We are delighted to confirm two exciting program developments: the addition of TD as our new credit card issuer, and the extension of our long-standing credit card partnership with CIBC.

This means that CIBC will continue to offer Aerogold credit cards. And starting in January 2014, both TD and CIBC will offer Aeroplan co-branded credit cards, providing members with more earning options and benefits than ever.

In December, following the closing of the arrangements between TD and CIBC, some cardholders will remain with their existing CIBC Aerogold credit cards and some will transition to TD*.

TD will become Aeroplan’s primary financial services partner and credit card issuer, under an amended version of the agreement announced previously, while CIBC will also continue to be an issuer of Aeroplan credit cards. Aimia also announced entering into a purchase agreement with TD and CIBC, under which TD will acquire approximately half of the current Aeroplan card portfolio and CIBC will retain the balance, comprised of Aeroplan cardholders who have broader banking relationships with CIBC.