CIBC Air Canada® AC conversion™

About card

The CIBC Air Canada® AC conversion™ Prepaid Card is a reloadable prepaid card that allows cardholders to convert their rewards points into a balance on the card. This card can be used to make purchases anywhere VISA is accepted. The conversion rate from rewards points to the prepaid card balance may vary. Cardholders can use the balance on the card to book flights, upgrades, and other travel-related purchases with Air Canada. The CIBC Air Canada® AC conversion™ Prepaid Card is a convenient way for CIBC credit cardholders to use their rewards points for travel.

Features

• Reloadable. Cardholders can add funds to the card as needed.
• Convert rewards points. Cardholders can convert their CIBC rewards points into a balance on the card.
• Universal acceptance. The card can be used anywhere Mastercard is accepted.
• Travel-related purchases. The card balance can be used to book flights, upgrades, and other travel-related purchases with Air Canada.
• Convenient and secure. The card provides a secure and convenient way for cardholders to access their rewards points for travel.
• Easy to manage. Cardholders can manage their card balance and transactions online or with a mobile app.
• Chip and PIN technology. The card is equipped with chip and PIN technology for added security.

How to apply for a CIBC Air Canada® AC conversion™?

1. Visit the CIBC website and find the Air Canada AC Conversion Prepaid Card under the "Credit Cards" section.
2. Review the terms and conditions of the card, including fees and conversion rates.
3. Click the "Apply Now" button to start the application process.
4. Fill out the online application form with your personal and financial information.
5. Submit the application and wait for a decision from CIBC.
6. If approved, you will receive your CIBC Air Canada AC Conversion Prepaid Card in the mail.
7. Activate your card and start using it for purchases or converting your CIBC rewards points.

Note: Before applying, make sure you are eligible for a CIBC credit card and that you have enough CIBC rewards points to convert to the prepaid card balance

Pros and Cons

Pros

• Convenient way to use rewards points. The card allows cardholders to convert their CIBC rewards points into a balance that can be used for travel-related purchases with Air Canada.
• Universal acceptance. The card can be used anywhere Mastercard is accepted, providing flexibility and convenience for cardholders.
• Secure. The card is equipped with chip and PIN technology, providing an added layer of security.
• Easy to manage. Cardholders can manage their card balance and transactions online or with a mobile app.
• Reloadable. The card can be reloaded as needed, allowing cardholders to add funds to the card balance.

Cons

• Fees. The card may come with various fees, including a monthly fee, load fee, foreign transaction fee, ATM withdrawal fee, and card replacement fee.
• Limited to travel-related purchases. The card balance can only be used for travel-related purchases with Air Canada.
• Conversion rate. The conversion rate from CIBC rewards points to the prepaid card balance may not be favorable, reducing the value of the cardholder's rewards.
• Requirements. To be eligible for the card, you must have a CIBC rewards-earning credit card and sufficient CIBC rewards points to convert to the prepaid card balance.

Before applying for the CIBC Air Canada AC Conversion Prepaid Card, it is important to consider both the pros and cons, and to understand all of the associated fees and charges. You can find this information on the CIBC website or by contacting CIBC customer service.

How to lock for missing or stolen cards?

To lock a missing or stolen CIBC Air Canada AC Conversion Prepaid Card, you can follow these steps:

1. Contact CIBC customer service immediately. You can call the number on the back of your card, or the CIBC customer service number found on the CIBC website.
2. Report the missing or stolen card. Provide the CIBC customer service representative with the necessary information, such as your name, card number, and the date you noticed the card was missing or stolen.
3. Request a replacement card. The CIBC customer service representative will assist you in ordering a replacement card.
4. Review your transactions. The CIBC customer service representative will also help you review your card transactions to ensure there have been no unauthorized purchases made.
5. Update your contact information. If your contact information has changed, be sure to update it with CIBC so you can receive your replacement card and future communications.

Note: If you suspect unauthorized transactions on your card, you may also be protected by Mastercard's Zero Liability policy, which provides protection against unauthorized transactions made with your card. It's important to review the terms and conditions of the CIBC Air Canada AC Conversion Prepaid Card for details on the protection offered.