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TD Aeroplan Credit Cards: Up to 20x Bonus Points on Air Canada

After a summer full of lucrative points-earning opportunities, TD and Air Canada have rolled out a new promotion to keep the bonus points flowing as we book travel throughout the fall and winter. 

From now until October 1, 2021, TD Aeroplan cardholders can earn 10–20x Aeroplan points on Air Canada and Air Canada Vacations purchases, up to $1,000 spent per card, for a total of up to 20,000 Aeroplan points on the premium and small business cards. 

Register for the Offer

All four TD Aeroplan co-branded cards are eligible for this promotion:

TD Aeroplan Credit Cards
Credit Card Best Offer Value
65,000 Aeroplan points + Buddy Pass $1,422 Apply Now
30,000 Aeroplan points + Buddy Pass
First Year Free
30,000 Aeroplan points + Buddy Pass $1,260 Apply Now
25,000 Aeroplan points + Buddy Pass
First Year Free
25,000 Aeroplan points + Buddy Pass $1,176 Apply Now
20,000 Aeroplan points $441 Apply Now

Registration is required at this link, and cardholders ought to have received emails letting them know to register.

Earn Up to 20,000 Aeroplan Points on Air Canada

After registering, upon spending $1,000 with Air Canada or Air Canada Vacations before October 1, cardholders will earn:

It’s important to note that unlike a similar promotion we saw last year across the Aeroplan co-branded cards from all three issuers, this round of bonus points on Air Canada purchases from TD is inclusive of the regular earning rate, rather than in addition to the regular earning rate. 

We can therefore also think of the offers as 9x, 13.5x, and 18x bonus points on top of the cards’ regular earning rates, respectively.

You’ll also notice that the promotion is advertised as a blanket “10x points”, which refers to the fact that the standard earning rates on each of the four cards are magnified by 10x during the promotion period (the Platinum’s 1x becomes 10x, the Infinite’s 1.5x becomes 15x, etc.)

These bonus amounts can take 6–8 weeks after the offer period to be deposited into your Aeroplan account. As with most promotions of this nature, the points you earn should count towards your Everyday Status Qualification, bringing you up to 20% of the way to Aeroplan 25K status if you don’t have it already.

What’s more, this offer can be combined with a previous offer for statement credits on Air Canada purchases, which required registration by June 30, 2021. If you had registered, you have until December 31, 2021 to book up to five flights and earn up to $125 or $250 in a statement credits on a TD Aeroplan Visa Infinite Card or TD Aeroplan Visa Infinite Privilege Card, respectively.

In addition to Air Canada flight bookings or vacations packages, taxes and fees on Aeroplan awards should also count towards this promotion, as they’re processed directly as Air Canada purchases as well.

Even if you’re booking some award flights rather than paid flights, it makes sense to put the taxes and fees to a TD Aeroplan credit card to earn 10–20x points during this promotion period.

Don’t Forget: Converting Air Canada Tickets to Aeroplan Points

Even if you don’t have any upcoming trips planned for which you’re looking to book paid flights with Air Canada, this 10–20x bonus miles promotion could represent an easy route towards buying Aeroplan points on the cheap.

That’s because until August 31, 2021, under Air Canada’s flexible booking policy, you can convert the value of your Air Canada ticket into Aeroplan points with a 65% bonus if you change your travel plans.

Let’s do some math here: if you purchased a $1,000 Air Canada ticket with a TD Aeroplan Visa Infinite Privilege or TD Aeroplan Visa Business Card (on any route and class of service; it doesn’t really matter since this will only be a dummy booking), you’d earn 20,000 Aeroplan points on your purchase from the credit card under the promotion’s terms.

Upon completing your purchase, you could then convert this ticket into Aeroplan miles with a 65% bonus on top of the standard rate of 3 cents per point (cpp).

If your Aeroplan account is registered under a valid foreign address, then you don’t pay any sales taxes on this conversion, so it’d be a flat rate of 1.8cpp. A $1,000 ticket would therefore convert into 55,550 Aeroplan points (since the conversion rounds down to the nearest 10 miles).

In total, you’d have earned 75,550 Aeroplan points for $1,000 in spend, which is an effective rate of 1.32cpp (CAD). That’s not a bad rate at which to buy Aeroplan points at all, especially if you’ve got your eye on one of Aeroplan’s best sweet spots in the future.

Of course, I never recommend that you speculatively purchase points without a high-value use in mind.

But if you did want to boost your Aeroplan account as quickly as possible with a target redemption in mind, then 1.32cpp (CAD) is as low of a purchase price as we’ve ever seen, so make sure to take action before the flexible booking policy’s current deadline of August 31. 

Also: 15% Off Base Fares with Air Canada

Concurrently, Air Canada is also offering a blanket 15% discount on base fares in economy class, premium economy, and business class within Canada, the US, and to Sun destinations. 

The promotion code can be found directly on the TD offer page, and you must book by September 6, 2021 for travel by June 30, 2022. While this sale is being advertised as part of the same TD offer, it doesn’t seem like you need to be a current TD Aeroplan cardholder, nor pay with your TD Aeroplan card, to take advantage of the discount code. 

The following blackout dates do apply, corresponding to the winter and Spring Break holidays:

  • December 16, 2021, to January 6, 2022
  • February 26 to March 20, 2022

If you have any upcoming intra-North America trips with Air Canada over the next nine months or so, now may be a good time to lock in a booking, taking advantage of both the 15% discount and the 10x bonus miles for paying with a TD co-branded credit card.

If you change your mind, you always have the option of converting into a flexible Air Canada Travel Voucher or converting the value of your ticket into Aeroplan miles at the very favourable effective rate, as discussed above.

Indeed, I myself will be giving some serious thought to booking some intra-North America trips over the coming months under this sale, as I’m considering making a play for Aeroplan Super Elite status in conjunction with the Spend $10,000 for Elite Status promotion, and I’ll need to rack up some Status Qualifying Dollars (SQD) as a result. 

Conclusion

Until October 1, 2021, you’ll earn 10–20x Aeroplan points on up to $1,000 in Air Canada purchases if you pay with a TD Aeroplan co-branded credit card. It’s the latest spend-based incentive that we’re seeing from Air Canada and its financial partners, and it’ll apply to Air Canada flight bookings, vacation packages, or Aeroplan taxes and fees. 

The best part? Even those who aren’t necessarily looking to book paid flights at the moment, but who’d rather rack up the Aeroplan points for future bookings, can take advantage of this promotion to unlock an effective purchase price of 1.32cpp (CAD) on Aeroplan points using a premium or small business TD Aeroplan card when paired with the ongoing flexible travel policy.

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