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New TD Aeroplan Credit Card Offers for Spring 2021 Josh January 18, 2021

New TD Aeroplan Credit Card Offers for Spring 2021

TD has just announced their latest round of offers on their Aeroplan co-branded credit cards: the core TD Aeroplan Visa Infinite Card, the higher-end TD Aeroplan Visa Infinite Privilege, the entry-level TD Aeroplan Visa Platinum, and the TD Aeroplan Visa Business Card for business owners.

Never one to disappoint when it comes to creative structures for how to earn the signup bonus, TD has kept us on our toes once again. You can also now earn Aeroplan points when you open an eligible chequing account. Let’s take a closer look at the details of these offers, which are valid until May 30, 2021.

 

In This Post

TD Aeroplan Visa Infinite: Increased to 20,000 Aeroplan Points

Air Canada’s loyalty program saw a major overhaul last quarter, and with it some lacklustre credit card bonuses. I’m excited to say that this is the bigger splash we’ve been waiting for!

The TD Aeroplan Visa Infinite Card is offering a welcome bonus of 20,000 Aeroplan points, up from 10,000 points previously. The annual fee is waived for the first year.

To earn the full bonus, you’ll have to meet the following conditions:

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

Quebec residents can earn the second part of the bonus by keeping the account open and in good standing for 90 days, with no spending requirement.

While the total points bonus isn’t as high as we’ve seen in the past, it’s certainly a worthwhile upgrade from the previous offer. I’m glad to see that TD is keeping the first year annual fee waiver, an important move to stay competitive with other cards. If you’ve been looking to apply for this card, but held off in November awaiting a bigger welcome bonus, now is as good a time as any.

Meanwhile, for Visa Infinite cards and above, it looks like the Air Canada Buddy Pass is becoming a fixture on their Aeroplan credit cards. It’s a shame that it isn’t an annual recurring benefit, but it’s nice to see that Air Canada is sticking to their promise to look for new ways to bring value to members of their loyalty program.

As before, the Buddy Pass entitles you to a second economy ticket when you book a cash fare Air Canada flight in economy within North America. There’s no co-pay for the base fare, only the taxes and fees. Visa Infinite cardholders unlock the Buddy Pass upon spending $1,000 within 90 days of opening the credit card.

As a reminder, here are the Visa Infinite card’s earn rates on ongoing spending:

  • Earn 1.5 Aeroplan points per dollar spent on groceries, on gas, and at Air Canada
  • Earn 1 Aeroplan points per dollar spent on other purchases

And these are a few key benefits for cardholders:

  • Preferred pricing for Aeroplan award tickets on Air Canada flights
  • Free checked bag for you and your party on Air Canada flights
  • NEXUS rebate once every four years

The Visa Infinite card requires either $60,000 in annual personal income, or $100,000 in annual household income, to qualify.

If you don’t meet the income threshold, or if you’re not interested in the Buddy Pass, you may instead consider…

TD Aeroplan Visa Platinum: Increased to 20,000 Aeroplan Points

The TD Aeroplan Visa Platinum Card is also offering 20,000 Aeroplan points for new cardholders, up from the old offer of 10,000 points. Once again, the card is free for the first year.

The offer is structured exactly the same as the Visa Infinite card:

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

This offer is a notable increase from what we’re accustomed to seeing. Usually offers this strong are reserved for cards with a higher income requirement. If this card is a better fit for you, or if you’ve been ignoring it in favour of premium products, now is a fantastic time to apply.

While the welcome bonus shines, ongoing earn rates aren’t quite as strong as the Visa Infinite:

  • Earn 1 Aeroplan point per dollar spent on groceries, on gas, and at Air Canada
  • Earn 1 Aeroplan point per $1.50 spent on other purchases

The Visa Platinum card also provides preferred pricing and Aeroplan award ticket insurance, but it doesn’t offer free checked bags or a NEXUS rebate.

TD Aeroplan Visa Infinite Privilege: Holding Steady at 50,000 Aeroplan Points

The signup bonus on the TD Aeroplan Visa Infinite Privilege Card is unchanged, at 50,000 Aeroplan points.

To earn the full bonus, you’ll have to meet the following conditions:

  • Earn 20,000 Aeroplan points with your first purchase
  • Earn an additional 30,000 Aeroplan points when you spend $1,000 in the first 90 days

With an annual fee of $599, this represents buying the full welcome bonus at 1.2 cent per point. While not a cheap price, it’s easy to redeem Aeroplan points at a higher value. We currently value Aeroplan points at 2.1 cents per point.

Fortunately, the minimum spend requirement (which is again waived for Quebec residents) is very attainable. It also unlocks the Buddy Pass, as with the Visa Infinite card.

As always, the card’s earn rates are as follows:

  • Earn 2 Aeroplan points per dollar spent at Air Canada, including Air Canada Vacations
  • Earn 1.5 Aeroplan points per dollar spent on groceries, gas, travel, and dining
  • Earn 1.25 Aeroplan points per dollar spent on other purchases

In addition to the travel benefits offered by the lower-tier cards, the Visa Infinite Privilege card also comes with a Priority Pass membership and six lounge passes per year, as well as Maple Leaf Lounge access.

The Visa Infinite Privilege card requires $200,000 in annual household income to qualify.

TD Aeroplan Visa Business: Increased to 25,000 Aeroplan Points

The TD Aeroplan Visa Business Card has also received a significant improvement. It’s now offering a signup bonus of up to 25,000 Aeroplan points, with no annual fee for the first year.

Similar to the personal cards, the bonus is split into two parts:

  • Earn 10,000 Aeroplan points with your first purchase
  • Earn an additional 15,000 Aeroplan points when you spend $5,000 in the first 90 days

Overall, this is a solid offer in terms of total value, although the steep minimum spend requirement may be a deterrent.

The Visa Business card also offers the Buddy Pass, at the same terms as the personal cards. Luckily, you only have to spend $1,000 in the first 90 days to receive this benefit.

This card was due for a massive upgrade. We’ve recently seen a signup bonus as high as 45,000 Aeroplan miles with no annual fee for the first year. With the updates when the new Aeroplan program launched, however, the bonus tanked to 10,000 points. I’m happy to say those days are behind us, at least for now.

TD seems to be quite relaxed with business requirements, especially for existing personal clients. If you haven’t considered business credit cards yet, this offer would be a great way to pad your Aeroplan balance as 2021 takes off.

TD Chequing Accounts: Earn an Additional 10,000 Aeroplan Points

As the cherry on top, TD is offering a bonus of 10,000 Aeroplan points if you open an eligible bank account between now and May 30, 2021.

This offer is available to new and existing TD Aeroplan personal cardholders. Note that if you’ve received a TD chequing account offer since 2018, or if you currently have a TD chequing account, you’re not eligible for the bonus Aeroplan points.

To qualify, you must open either the TD Unlimited Chequing Account or the TD All-Inclusive Banking Plan, and keep the account in good standing for 90 days. The Unlimited account requires a minimum balance of $4,000 to waive the monthly fee of $16.95, and the All-Inclusive account requires $5,000 to waive the $29.95 monthly fee.

At our valuation of 2.1 cents per point, the chequing offer of 10,000 Aeroplan points represents a value of $210. If you choose to maintain a minimum balance for a year, this would be a rate of return on your principal of 5.25% for the Unlimited account, or 4.2% for the All-Inclusive account.

The All-Inclusive Banking Plan waives the annual credit card fee on the Visa Infinite or Visa Platinum cards. If you plan on keeping these cards after the first year, this would save you $139 or $89, respectively.

(As for the Unlimited Chequing Account, it only waives the fee for the first year – a benefit already provided by the current round of credit card offers.)

Conclusion

I’m relieved to see that TD has increased the amount of Aeroplan points on many of its credit card offers. This is great news for solo travellers who don’t have much use for the Buddy Pass, or long-haul travellers who prefer to maximize the value of their points on partner airlines. I’m interested to see if CIBC will follow suit when their offers expire on January 31. 

To speculate, I think that last quarter’s relatively disappointing bonuses, coinciding with the revamped Aeroplan’s soft launch, will become the new baseline offers moving forward.

Whereas the TD Aeroplan Visa Infinite Card used to have a baseline of 15,000 Aeroplan miles, I’d say that 10,000 Aeroplan points + Buddy Pass + First Year Free is comparable. Hopefully we can expect to continue to see elevated offers on a regular basis.

I’m eagerly awaiting Aeroplan’s release of the full-fledged online search engine, so that members can build complex itineraries themselves. I’m hoping that these increased offers will herald the arrival of other yet-to-be-announced features of the new Aeroplan program, with an influx of points to drum up excitement and inspire new redemptions.

Note that TD has recently added language to their terms & conditions, excluding new cardholders from receiving the welcome bonus if you’ve opened the same card within 12 months. Also, each Aeroplan member can only earn one Air Canada Buddy Pass for each card tier (core, premium, or business) at all banks, up to a maximum of three Buddy Passes.

Top Offers

TD Aeroplan Visa Infinite

20,000 Aeroplan points + Buddy Pass
10,000 Aeroplan points upon first purchase +
10,000 Aeroplan points upon spending $1,000 in the first three months
Air Canada Buddy Pass upon spending $1,000 in the first three months

  • Free companion voucher on Air Canada flights within North America
  • 1.5x Aeroplan points on groceries and gas
  • Free first checked bag on Air Canada flights
  • Travel insurance on Aeroplan reward tickets
Signup bonus
20,000 Aeroplan points + Buddy Pass
Annual fee
$0 for the first year, then $139
31 Comments
  1. Avatar
    LeLe

    Hello. Can one person have the TD Visa Infinite and the TD Visa Platinum opened at the same time? Wondering if I need to cancel my TD Visa Infinite before applying for the Platinum. Thanks!

    1. Josh
      Josh

      Yep, just opened both myself!

      1. Avatar
        Chris

        Hi Josh,
        I applied by phone today for the Platinum AP and the TD agent said that since I closed my VI card in May/20, I might NOT be eligible for the WB as it’s hasn’t been over a year.
        She said the WB is across all their credit cards, not based on type. I applied anyways so hope to get it.

        1. Josh
          Josh

          I’d say the agent might be misinformed 😉 I was never given such a warning, just let the system run its course and hope for the best!

  2. Avatar
    Sebastien C

    Good day, could you comment on the “family sharing” option with these new offers. In other words, if myself and my spouse both apply for new cards, we should each get a sign up bonus. However, if your aeroplan accounts are linked to the same family plan, both sign up bonuses should end up in the “family pool”, correct?

    Or is there some exclusion criteria for that?

  3. Avatar
    Sagar

    It seems like the open a new checking account and get 10k offer is gone. Maybe I am wrong, but I don’t see it anymore. Wbu guys?

  4. Avatar
    Robin

    I currently have the TD Platinum Travel Visa and I am thinking about making the switch to the AP Platinum card. Would it be worth the switch and to try to transfer my TD points?

    1. Avatar
      colonel

      I’am in the same situation; to switch to AP, will you be able to have the bonus Aeroplan point because it not a ‘new’ application from the AP ? Also, do you mean to transfer points for TD point to Aeroplan point, if so it possible to do that ?

      1. Avatar
        Robin

        I switched from the TD points to AP last night. I asked if they could convert my TD points that I have saved up into AP points. Sadly they said it is not possible to convert points so I just redeemed the points I had into cash credit. I just called the phone number behind the credit card and asked if I could have switch credit card products. No application needed. It did not affect my credit score and you will still get the welcome bonus if you didn’t open a card in 12 months.

        1. Avatar
          colonel

          Hi Robin
          Thank a lot for the information.
          But In my case, 8 month ago , I switch for TD Aeroplan to TD platinum (TD offer me to do that). So I don’t know what can happen if I ask to switch ‘back’ to the new TD aeroplan ?

    2. Ricky
      Ricky

      Worth giving it a go in my view.

  5. Avatar
    Eric

    Loving the content and the effort you are putting into this blog Josh.
    Question for you:
    you said in the comments below that Visa platinum and Visa infinite are considered different products so PSing to a visa platinum would give me up to 20,000 points and later (let’s say hypothetically 6 months later) I can PS that card into Visa infinite to get the Visa Infinite bonus ?
    Also In “All About PSing” article by Ricky, he mentions that there have been some DPs that reports receiving unused TD points at 1:4 ratio. Would we have to do this before the product switch? Or can we do it retroactively after PSing to the new card?

    Thanks

    1. Josh
      Josh

      Glad you’re enjoying my contributions so far! 😊

      I wouldn’t expect to get the welcome bonus if you switch between products that earn the same type of rewards. Instead, you’d be eligible for both bonuses on new applications.

      I haven’t done the 4:1 recently, but in the past I’ve been told that I could do it at the time of PS. I always recommend using your points before closing or changing a card – some banks let you keep them for 2-3 months after, but just invites a whole swath of avoidable headaches.

  6. Avatar
    Annie

    I do hope that CIBC will match with TD’s offers, so we have more cards to open (if you know you know 😉 ) The chance may be low though as TD is the main partner of Aeroplan, all we can do is wait and see.

  7. Avatar
    Ian

    Where did you find the promotion related to the bonus for opening a chequing account? I didn’t mange to find in on TD’s website

    1. Josh
      Josh

      Never underestimate the power of a simple Google search!

  8. Avatar
    Glen

    Any idea if canceling the card would cancel the buddy pass, or would that remain safe in your AC/aeroplan account?

    1. Josh
      Josh

      Great question. From the T&Cs:

      “Unused passes will automatically be cancelled on the date the credit card is closed, regardless of reason for closure, or if the credit card account is changed to a different product.”

  9. Avatar
    JMC

    Although the T&C states “excluding new cardholders from receiving the welcome bonus if you’ve opened the same card within 12 months”, does this apply on different cards in the AP program? For example, if I opened a TD AP Visa Infinite within the last 12 months, will I be qualify for WB if I applied for the TD AP Visa Platinum now? Thanks!

    1. Josh
      Josh

      Yes you’ll be eligible for both, as the Infinite and Platinum cards are different products.

      1. Avatar
        JMC

        Great to hear! Thanks Josh! 🙂

    2. Avatar
      Joy

      I’m also wondering the same thing!

  10. Avatar
    Trend

    Is it qualified to apply it through switching from other TD credit card?

    1. Josh
      Josh

      There’s no language in these offers that specifically says “new applicants only” but you should still consider if you’re eligible based on the last time you received a bonus. You can read more here.

  11. Avatar
    litokid

    >Also, each Aeroplan member can only earn one Air Canada Buddy Pass for each card tier (core, premium, or business) at all banks, up to a maximum of three Buddy Passes.

    Whoa that seems something fairly big mentioned at the end! Not that most people would qualify for 3 buddy passes, or have use for them. Josh, do you know if this limit on an annual basis or indefinite?

    1. Josh
      Josh

      It’s too early to say, as the Buddy Pass was only introduced two months ago. I think it will depend on how well the Buddy Pass is received, and if Air Canada determines that loyalty members will value it as a recurring feature going forward.

      If you want to stagger the expiry dates of your Buddy Passes, it might be wise to space out your new core, premium, and business cards, and tackle each tier all at once. For example, do Visa Infinite at TD + CIBC now, VIP at both + Amex Reserve a few months later, and Business cards at all three a few months after that.

      1. Avatar
        CR

        Why stagger it that way?

        1. Josh
          Josh

          The Buddy Pass is valid for a year from the date it’s issued. That way you’d space them out. Obviously depends on your travel plans within the next 12 months.

      2. Avatar
        litokid

        Good points – thanks!

Josh

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