TD Business Aeroplan: 45,000 Aeroplan Miles for Free!

I have good news and bad news.

Bad news first: it seems that the CIBC Aerogold Visa Card for Business, which used to offer a whopping 35,000 bonus Aeroplan miles along with a first-year fee waiver when applying in-branch, has stopped offering that waiver as of February 28, 2019. 

Indeed, the full 35,000 Aeroplan miles is now available on online applications as well, although the full annual fee of $180 will be charged.

The good news, though, is that TD has taken up the mantle a few weeks ago with an even more compelling offer of up to 45,000 Aeroplan miles plus First Year Free. This offer is available until June 2, 2019, so you have plenty of time to try to take advantage of it. 

I’ve added a dedicated page for the TD Business Aeroplan over in the Credit Cards section of the website. I didn’t get a chance to write about this offer back when it came out, so I wanted to cover it now and go over some details, in particular about whether it’s possible to get this small business card as a sole proprietor. 

 
 


The Best Aeroplan Offer We’ve Ever Seen

You’ll earn 45,000 Aeroplan miles in total as part of the promotion, which are awarded as follows:

  • 20,000 Aeroplan miles upon first purchase

  • 20,000 Aeroplan miles upon spending $5,000 in the first three months

  • 5,000 Aeroplan miles for having “an existing qualifying personal TD Credit Card or qualifying TD Small Business Account”.

 
 

Despite the offer being advertised as 45,000 miles, in reality, once you’ve met the minimum spending of $5,000 in the first three months, you’ll have earned at least 50,000 Aeroplan miles for $0 out-of-pocket, which is an unbelievable deal. In fact, I don’t think we’ve ever seen as good of a deal on Aeroplan-branded credit cards before, purely in terms of the quantity of the bonus with a first year fee waiver.

50,000 Aeroplan miles is already enough for three short-haul round-trip flights on Air Canada, as well as a long-haul round-trip flight within North America (in business class) or two (in economy class).

Alternatively, you could use those miles towards a larger redemption like an epic Aeroplan Mini-RTW trip, which begins at 75,000 miles in economy class or 150,000 miles in business class.

Before you get too excited, the potential stumbling block with this card would be that it may not be the easiest to obtain if you don’t have a legitimate small business, as I’ll discuss below.

First, though, I should mention that the criterion for those final 5,000 Aeroplan miles seems a bit unclear to me, and the terms and conditions don’t really expand on what counts as a “qualifying personal TD Credit Card” either. I’d venture to guess that the TD Aeroplan Visa Infinite would probably count – I mean, if one of TD’s most popular and most heavily advertised products doesn’t count, then what would?

 
 

If you don’t currently hold the personal TD Aeroplan card, it might therefore be a good idea to apply for that one first (it also has an excellent offer of 30,000 Aeroplan miles + First Year Free until June 2, 2019) before heading in-branch to your appointment for the business card. 

And yes, you will have to make an in-branch appointment to get this card, because it’s not at all possible to apply online. The card’s page on the TD website simply provides you with all the information on the card, before inviting you to make a branch appointment and speak to a small business banking representative to apply. Which brings me to my next point…


Can You Apply as a Sole Proprietor?

TD helpfully provides a document on their website that outlines which documents you might be required to present in support of your application for this small business credit card. 

 
 

If you are a small business owner, you should have no trouble providing these documents if you’re asked for them. On the other hand, if you don’t have a small business in the traditional sense but would like to get approved for this card as a sole proprietor (a common practice with other issuers, like Amex and CIBC), then the documentation requirements might represent something of an obstacle for you.

The good news is that there’s at least one data point of someone sitting down with a TD branch representative and applying as a sole proprietor. Indeed, Prince of Travel reader Steven shared with me the below data point:

Went to my local branch today and said it’s a new business. Rep opened a Business Portfolio for me (as opposed to Personal in their systems) and found that I was eligible for the offer with a lower credit limit ($5k) but with no credit check, only catch was I had to open a Business account.

If I had gone through the normal application process, with credit check, I could have done it without a Business account but would have needed some documentation (didn’t find out what that would be). But by using the prequalified offer I didn’t need to present any documentation as it used my personal credit history.

So about an hour of time and some paperwork and a no fee Business account I’ll be receiving the card in 7-10 business days.
— Steven

Obviously the experience may vary from branch to branch, but it seems that saying you have a new business will allow you to bypass some of the documentation requirements (since it’s understandable that you wouldn’t have all of them on hand). 

Moreover, you might be asked to open a business account as part of the process, which shouldn’t be a problem since you can most likely get a no-fee business savings account, as the reader who provided the above data point did. 

Overall, it should certainly be possible to get this spectacular bonus of 45,000 Aeroplan miles on this card as a sole proprietor, but you might have to spend a fair bit of time at the branch, or even visit a few different branches – don’t expect to just stroll into your local TD and get everything done in a few minutes’ time. 

And remember, TD branch representatives want to approve you for a new credit card and gain your business, and the more convincing you are about the nature of your business, the easier the process will be for everyone involved. Time to channel your inner serial entrepreneur and think up a few ideas!


Conclusion

If you apply for the TD Aeroplan Visa Business Card and meet the spending requirement, you’ll end up with the incredible return of at least 50,000 Aeroplan miles for no money out-of-pocket, which is surely worth a little bit of legwork in the form of spending time at the branch to get your application sorted out. Feel free to share your experiences and data points with fellow Prince of Travel readers in the comments below.

TD’s recent Aeroplan offers, including the bonuses on this card and the personal version as well, have been very impressive in the wake of renewing their contract with the future Air Canada-led Aeroplan program. Here’s hoping that CIBC and American Express, fellow issuers of Aeroplan co-branded credit cards, will soon come back to the table with improved bonuses as well!