TD is one of Aeroplan’s oldest credit card partners and it seems that relationship is set to continue since TD, along with CIBC and Air Canada, formalized an agreement to purchase Aeroplan. This gives a greater sense of stability to the Aeroplan program’s future, so cardholders can continue to earn Aeroplan points without anxiety about what will happen to the points’ value down the road.
The TD® Aeroplan® Visa Platinum* Card is TD’s entry-level Aeroplan card, and it may appeal to those who are excluded from upper-tier Aeroplan cards due to restrictive income requirements and prohibitively high annual fees.
At a glance
- $89 annual fee (First-year annual fee rebate† ; Additional cardholder† is $35)
- Earn up to $500 in value†, including up to 20,000 Aeroplan points† and no Annual Fee for the first year†. Conditions Apply. Account must be approved by January 6, 2024.
- Earn 1 point† for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®) made with your card
- Earn 1 point† for every $1.50 spent on all other eligible purchases† made with your Card
- Earn points twice. Pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 170+ online retailers via the Aeroplan eStore.
- Discounts at participating Avis Rent A Car and Budget Rent A Car†
- Delayed and Lost Baggage Insurance†, Flight/Trip Delay Insurance, Common Carrier Travel Accident Insurance†, Auto Rental Collision/Loss Damage Insurance†
Sign-up bonus
Earn up to $500 in value† including up to 20,000 Aeroplan points† and no annual fee for the first year. Conditions Apply. Account must be approved by January 6, 2025.
• Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card†
• Earn an additional 10,000 Aeroplan points when you spend $1,000 within 90 days of Account opening†
• Get an annual fee rebate for the first year†.
To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 6, 2025.
Earn rate
With the TD® Aeroplan® Visa Platinum* Card, you’ll earn 1 point† for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®) made with your card. With all other purchases, you'll earn 1x.
Admittedly, on the surface the earn rate may not jump out as being spectacular. But you can earn points twice at participating Aeroplan retailers and the Aeroplan eStore. To do this, all you need to do is present your Aeroplan Membership number and then pay for your purchase with your TD® Aeroplan® Visa Platinum* Card.
Interest rates
- Standard Purchase APR: 20.99%
- Cash Advance APR: 22.99%
How Aeroplan works
Aeroplan is one of the most popular travel rewards programs in Canada and is the official loyalty program of Air Canada. Since Air Canada is a member of Star Alliance, you can use your points on any of their partner airlines as long as you book your flights through the Aeroplan website or via their customer service line. Points are redeemed for flights based on demand and availability.
When you use your Aeroplan points to redeem a flight, many airlines still charge taxes, fees and surcharges which can add up to quite a bit.
Generally speaking, 1 Aeroplan point has an accepted value of $0.02 CAD per point. You can easily get that value when booking flights within North America and Asia. A one-way, short-haul flight will cost 7,500 Aeroplan points, so you could fly from Montreal to Newfoundland or Vancouver to Yukon. Alternatively, you could redeem 12,500 Aeroplan points for a one-way long-haul flight such as Toronto to Los Angeles, which has a value of about $300. Flying to Europe seems to be of low value when you consider how many points it requires and the additional fees you’ll need to pay.
How it compares
TD® Aeroplan® Visa Infinite* Card
4.2
up to 40K pts
Welcome offerExcellent
Suggested credit scoreEarn up to $1,300 in value† including up to 40,000 Aeroplan points† and no Annual Fee for the first year†. Conditions Apply. Account must be approved by January 6, 2025.
Expires
Jan 6, 2025
Pros
-
The card has a high earn rate for Aeroplan Points, generating 1.5 points† per $1 spent on eligible purchases.
-
Insurance offered includes coverage in the categories that travellers need, and is generally better than its Aeroplan peers at a similar annual fee level.
Cons
-
No airport lounge membership or free lounge access.
-
Aeroplan points can’t be redeemed for flights outside the Star Alliance network, nor can they be redeemed for cash credit. This makes them less flexible than some competing travel rewards programs.
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
1.5 points†
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)
1 point†
Earn 1 point for every $1 you spend on all other purchases
2x
Earn points twice with Aeroplan partner brands and on the Aeroplan eStore.
50%
Earn 50% more Aeroplan points at Starbucks when you link your card to your account. Conditions apply.
1
NEXUS application fee rebate every 48 months†
1st
checked bag free for you and up to 8 travel companions†
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)
1.5 points†
Earn 1 point for every $1 you spend on all other purchases
1 point†
Earn points twice with Aeroplan partner brands and on the Aeroplan eStore.
2x
Earn 50% more Aeroplan points at Starbucks when you link your card to your account. Conditions apply.
50%
NEXUS application fee rebate every 48 months†
1
checked bag free for you and up to 8 travel companions†
1st
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Additional cardholder is $75† ; Get an annual fee rebate for the first year†
2.5%
Foreign Transaction Fee Foreign transaction fee: 2.50%†
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.5%
Pros
-
The card has a high earn rate for Aeroplan Points, generating 1.5 points† per $1 spent on eligible purchases.
-
Insurance offered includes coverage in the categories that travellers need, and is generally better than its Aeroplan peers at a similar annual fee level.
Cons
-
No airport lounge membership or free lounge access.
-
Aeroplan points can’t be redeemed for flights outside the Star Alliance network, nor can they be redeemed for cash credit. This makes them less flexible than some competing travel rewards programs.
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
1.5 points†
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)
1 point†
Earn 1 point for every $1 you spend on all other purchases
2x
Earn points twice with Aeroplan partner brands and on the Aeroplan eStore.
50%
Earn 50% more Aeroplan points at Starbucks when you link your card to your account. Conditions apply.
1
NEXUS application fee rebate every 48 months†
1st
checked bag free for you and up to 8 travel companions†
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)
1.5 points†
Earn 1 point for every $1 you spend on all other purchases
1 point†
Earn points twice with Aeroplan partner brands and on the Aeroplan eStore.
2x
Earn 50% more Aeroplan points at Starbucks when you link your card to your account. Conditions apply.
50%
NEXUS application fee rebate every 48 months†
1
checked bag free for you and up to 8 travel companions†
1st
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Additional cardholder is $75† ; Get an annual fee rebate for the first year†
2.5%
Foreign Transaction Fee Foreign transaction fee: 2.50%†
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.5%
To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 6, 2025.
CIBC Aeroplan® Visa* Card
4.3
up to 10K pts
Welcome offerFair
Suggested credit scoreEarn up to 10,000 Aeroplan points (up to $200 in value). This offer is not available for residents of Quebec.
Pros
-
Earn one Aeroplan point per dollar spent on gas, electric vehicle charging, groceries, and with Air Canada directly, including Air Canada Vacations
-
Earn twice the points at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore
-
No annual fee
Cons
-
You only earn one point for every $1.50 spent on everything else
-
No travel insurance
-
No lounge access
Eligibility
Fair
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Household Income
$15,000
1 point
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
1 point
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
2x
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate 21.99% for Quebec residents
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee $0 for up to 3 additional cards
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Pros
-
Earn one Aeroplan point per dollar spent on gas, electric vehicle charging, groceries, and with Air Canada directly, including Air Canada Vacations
-
Earn twice the points at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore
-
No annual fee
Cons
-
You only earn one point for every $1.50 spent on everything else
-
No travel insurance
-
No lounge access
Eligibility
Fair
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Household Income
$15,000
1 point
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
1 point
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
2x
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate 21.99% for Quebec residents
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee $0 for up to 3 additional cards
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
The information for the CIBC Aeroplan® Visa* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
Drawbacks
The major drawback of this card is the travel insurance. Although you get some basic travel insurance included, it’s not very much and it doesn’t even include travel medical. This wouldn’t be a big deal for a card with no annual fee, but you’re paying $89 a year to hold this card.
Is it worth It?
Despite the drawbacks, the TD® Aeroplan® Visa Platinum* Card is still a good fit for people who want to collect Aeroplan points but don’t meet the minimum income requirement for some of the more lucrative cards. The sign-up bonus is worth more than the $89 annual fee, and the card is particularly valuable for those who frequently shop with Aeroplan partners.
This offer is not available for residents of Quebec. For Quebec residents, please click here.
The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.
†Terms and conditions apply.
Barry Choi is a Toronto-based personal finance and travel expert who makes frequent media appearances. When he's not educating people on how to be smarter with money, he's earning and burning miles and points for luxury travel.
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