30,000 Aventura (or Aeroplan) Miles with CIBC Aventura Card!

WHAT: This is a hot new deal from CIBC. All you need to do is apply, get the card, pay the $120 fee and make 3 transactions before the end of January 2014. You will then get 30,000 Aventura points, which can be converted to 30,000 Aeroplan points if you wish.

KNOW: The fee seems steep but really, would you pay $120 for a flight anywhere in the continental USA/Canada? $120 is a great deal for 30,000 points, which I value at $600+. The three purchases can be any amount.
LINK: https://www.cibc.com/ca/features/aventura-rewards-program.html?WT.mc_id=Int-SignOn-ROT-AventuraPointsOffer-E