New Info For Cardholders In The TD CIBC Aimia Deal Dec 31st

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New Info For Cardholders In The TD CIBC Aimia Deal
The clock is ticking down on CIBC’s current agreement with Aimia, and a last minute deal has been finalized for Aeroplan Visa cardholders. After months of being left in the dark, we can finally shed some light on what this blockbuster deal will mean for millions of cardholders, as details became available on Friday.
TD, the New Home of Aeroplan
TD has long been criticized for lagging in the credit card reward space. This will change in 2014 – that’s when TD will become the primary issuer for new Aeroplan Visa reward cards in a deal that will carry through the next decade. That’s fine and dandy for new cardholders, but what about the millions of existing CIBC cardholders affected by this deal? The lack of communication has been frustrating to say the least!
The Details On The Move
Let’s recap the situation. Aimia’s original plan was to move all CIBC Aeroplan Visa cardholders to TD Bank at the end of its current 10-year deal with CIBC. That didn’t sit well with CIBC, who didn’t the idea of giving up cardholders with CIBC accounts like chequing, lines of credit and mortgages…

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