Sell CIBC Aeroplan Points After Cancelling Your Card
Thinking about cancelling your CIBC Aeroplan Visa Infinite or Privilege card? Here's everything you need to know about your points—and how to convert them to cash before you close your account.
Quick Answer:
Good news: When you cancel your CIBC Aeroplan credit card, your Aeroplan points remain in your Aeroplan account—they don't disappear. However, you'll stop earning new points. If you don't travel or have no use for the points, you can sell them for $0.010-$0.015 CAD per point (100K = $1,000-$1,500 cash).
The CIBC Aeroplan Visa Infinite is one of Canada's most popular travel credit cards, offering competitive earning rates and valuable perks. But with annual fees of $139 (or $599 for the Privilege version), many cardholders eventually decide to cancel—especially if their travel habits have changed.
If you're sitting on a pile of Aeroplan points with no immediate travel plans, selling them for cash can be a smart move. Here's your complete guide to the process.
What Happens to Your Points When You Cancel CIBC Aeroplan?
Unlike American Express cards where points disappear immediately upon cancellation, CIBC Aeroplan cards work differently:
Your points stay in your Aeroplan account
Aeroplan points belong to your Aeroplan membership, not your credit card. Cancelling the CIBC card doesn't affect your existing balance.
You can still redeem points
After cancelling your CIBC card, you can still use your Aeroplan points for flights, upgrades, or other redemptions through your Aeroplan account.
Watch for inactivity expiration
Aeroplan points expire after 18 months of account inactivity. Without your CIBC card earning points, you'll need other activity to keep your account active.
Why Sell Your Points After Cancelling CIBC Aeroplan?
Many CIBC cardholders accumulate substantial points over years of spending. Here's why selling might make sense:
Reasons to Sell
- You don't plan to travel
- Points might expire from inactivity
- You prefer cash flexibility
- Award availability is poor
Reasons to Keep
- You have trips planned
- Premium cabin redemptions
- Still earning from other cards
- Family can use points
Current Rates for CIBC Aeroplan Points (2026)
Aeroplan points from CIBC cards sell at the same rates as any Aeroplan points:
What You'll Get
- Rate: $0.010 - $0.015 CAD per point
- Example: 85,000 points = $850 - $1,275 CAD
- Payment: Interac e-Transfer within 48 hours
- Minimum: 25,000 points
How to Sell Your CIBC Aeroplan Points: Step by Step
Request a Quote
Visit megamilesbroker.com/sell and enter your Aeroplan point balance. Select "Aeroplan" as your program. You'll receive a quote within 24 hours showing your exact cash value.
Accept the Offer
Review the quote—it shows rate per point, total CAD amount, and payment timeline. Accept by replying to the email. No upfront payment or fees required from you.
Transfer via Family Sharing
Log into your Aeroplan account at aeroplan.com. Use the Family Sharing feature to add the designated recipient (we provide the details). Transfer your points—it's free and instant.
Receive Your Payment
Once we confirm the points, you'll receive an Interac e-Transfer within 48 hours. Funds deposit instantly to any Canadian bank account.
Cancel Your CIBC Card (If Applicable)
You can sell points before or after cancelling your card. Since points stay in your Aeroplan account, the timing is flexible. Just ensure you complete the sale before your points expire from inactivity.
Important Timelines to Remember
Key Dates:
- • After cancelling CIBC card: Points remain in Aeroplan account indefinitely (subject to activity rules)
- • Inactivity expiration: 18 months with no earning or redemption activity
- • Selling timeline: 3-5 days from quote request to payment
Best practice: Sell your points before cancelling your CIBC card, or ensure you have another way to keep your Aeroplan account active (other Aeroplan card, Aeroplan eStore purchases, etc.).