TD Aeroplan Visa Infinite: In-Path Offer for 45,000 Points + $150 Statement Credit

There are now two alternative offers for the TD Aeroplan Visa Infinite Card available until January 3, 2023.

As part of these “in-path offers” via the Air Canada website, you’ll earn 40,000 or 45,000 Aeroplan points plus a $150 statement credit on Air Canada or Air Canada Vacations purchases. 

The in-path offers have fewer points than the best available public offer, but in some cases, you may stand to benefit from the $150 statement credit and a lower spending requirement to get the full welcome bonus.

New In-Path Offer: 45,000 Aeroplan Points + $150 Air Canada Statement Credit

TD® Aeroplan® Visa Infinite* Card

Welcome Bonus

Up to 50,000 Aeroplan points†

Annual Fee

$139

First-Year Value

$617

Apply Now Learn More

This new alternative offer for the TD Aeroplan Visa Infinite Card is known as an “in-path offer”: it shows up during the booking path of an Air Canada flight.

We’ve seen similar in-path offers on the American Express Aeroplan cards in the past, and it’s also a common practice among the major US credit cards. Indeed, in-path offers appear to be quite successful in generating conversions for the airlines and credit card issuers.

You can access the in-path offer simply by starting to make a new flight booking on the Air Canada website. You may also see this offer being advertised in-flight.

Otherwise, you can also click here to access the direct link to the application.

Clicking on the “Apply now” button, you’ll then be taken to TD’s secure page to complete the application:

The offer on the Air Canada website and the terms and conditions show a deadline of May 28, 2023, but the TD website shows January 3, 2023. In order to guarantee that you’ll be eligible for the offer, make sure to apply by January 3.

The breakdown of the welcome bonus is as follows:

• Earn 10,000 Aeroplan points when you make your first purchase
• Earn an additional 35,000 Aeroplan points when you spend $1,000 in the first 90 days

There are two key differences between the in-path offer and the main public offer:

• Instead of an extra 20,000 Aeroplan points upon spending $1,500 in the first 90 days and another 20,000 Aeroplan points after spending at least $7,500 in the first year, you’ll get an extra 35,000 Aeroplan points after spending $1,000 in the first 90 days instead. 
• Instead of a first-year annual fee waiver for the primary cardholder and up to three additional cardholders, you’ll get the $150 Air Canada statement credit upon instead.

Lower In-Path Offer: 40,000 Aeroplan Points + $150 Air Canada Statement Credit

There’s also a different in-path offer for 40,000 points and a $150 Air Canada statement credit.

Again, you are most likely to encounter this offer on the Air Canada website during the booking flow. 

The structure of this offer is exactly the same as the one for 45,000 Aeroplan points and a $150 Air Canada statement credit, except that you’ll get a total welcome bonus of 40,000 points instead of 45,000 points.

• Earn 10,000 Aeroplan points when you make your first purchase
• Earn an additional 30,000 Aeroplan points when you spend $1,000 in the first 90 days

Again, there are two key differences between the in-path offer and the public offer:

• Instead of an extra 20,000 Aeroplan points upon spending $1,500 in the first 90 days and another 20,000 Aeroplan points after spending at least $7,500 in the first year, you’ll get an extra 30,000 Aeroplan points after spending $1,000 in the first 90 days instead. 
• Instead of a first-year annual fee waiver for the primary cardholder and up to three additional cardholders, you’ll get the $150 Air Canada statement credit upon instead.

Note that this second in-path offer is strictly worse off than the first in-path offer detailed above, as you’ll only earn 30,000 rather than 35,000 points upon spending $1,000 in the first 90 days.

Is This Better Than 50,000 Points + First Year Free?

The public offer for the TD Aeroplan Visa Infinite Card is 10,000 Aeroplan points upon first purchase, 20,000 Aeroplan points after spending $1,000 in the first three months, and another 20,000 Aeroplan points after spending $7,500 in the first year. In addition, the first-year annual fee is waived as part of the main offer.

Compared to 45,000 Aeroplan points and a $150 Air Canada statement credit, which offer is better?

The $150 statement credit applies to Air Canada and Air Canada Vacations purchases. However, note that taxes and fees on Aeroplan redemptions also code as Air Canada purchases, so this statement credit could be equally useful to someone who primarily books on points, not on cash. 

We value 5,000 Aeroplan points at around $105 (CAD) based on our points valuations. On paper, this might suggest that the in-path offer of a $150 statement credit is more valuable, but that is offset by the requirement to pay the $139 annual fee.

If you don’t tend to be a high spender, the in-path offers give you a lower threshold to earn the full welcome bonus. There’s something to be said for earning the full 45,000 points after spending only $1,000 in the first three months.

With the above in mind, everyone will have to decide for themselves which bundle of welcome bonuses is more attractive: 50,000 points and no annual fee via the standard offer, or 45,000 points and a $150 statement credit (which can be used to offset Aeroplan taxes and fees) via the in-path offer.

Conclusion

TD and Aeroplan continue to mix things up with in-path credit card offers for 40,000 or 45,000 Aeroplan points + $150 Air Canada statement credit on the TD Aeroplan Visa Infinite Card.

Be sure to apply by January 3, 2023 if you’re interested in these alternate offers, which is the same end date as the main public offer for 50,000 Aeroplan points and First Year Free.

Think about whether the extra Aeroplan points or the $150 statement credit is more suitable to your travel style when you’re deciding between pursuing the standard public offer or the in-path offer.