The TD Aeroplan Visa Business is a great option for business owners to earn Aeroplan points on all their business expenses, offering up a hefty thunk of Aeroplan points for no annual fee the first year.
Bonuses & Fees
The TD Aeroplan Visa Business has historically offered some very high signup bonuses. Right now, the offer is very strong as well if you can maximize it fully.
You’ll earn up to 60,000 Aeroplan points as a signup bonus:
- 10,000 Aeroplan points upon first purchase
- 20,000 Aeroplan points upon spending $5,000 in the first three months
- 30,000 Aeroplan points after spending $5,000 each month for the first 12 months, distributed as 2,500 points monthly
The annual fee of $149 is also waived for the first year.
The signup bonus of 30,000 Aeroplan points is typical of the offers we’ve seen on this card, but the monthly spend for extra points is quite onerous.
Supplementary cards can be added to your account, and the first two supplementary cards can benefit from the first-year annual fee waiver as well. After the first year, they’ll be subject to a fee of $49 per card.
In terms of the return on everyday spending, the TD Aeroplan Visa Business offers:
- 2 Aeroplan points per dollar spent on Air Canada and Air Canada Vacations
- 1.5 Aeroplan points per dollar spent on shipping, internet, cable, phone, dining, and travel
- 1 Aeroplan point per dollar spent on everything else
The earn rates are identical to the CIBC Aeroplan Visa Business, and are somewhat comparable to the TD Aeroplan Visa Infinite geared towards consumer cardholders. While the return on bonus categories is decent, there are also arguably better choices on the market, too.
Having said that, if you’re a small business owner who spends a lot on shipping, internet, cable, and phone purchases, then this card might be the right fit, since there aren’t many other products offering bonus earn rates on these categories.
Aeroplan remains the program of choice for the vast majority of Canadians aiming to redeem their points for high-value international business and First Class redemptions.
Redeeming Aeroplan points follows the Aeroplan Flight Reward Chart, and can cost as little as 55,000 points one-way from Vancouver to Tokyo in business class.
From the East Coast, 60,000 Aeroplan points (or often fewer, thanks to Air Canada’s preferred pricing if you hold Elite Status or a credit card) would unlock a transatlantic flight to most parts of Western Europe.
Closer to home: short-haul flights within North America that are under 500 miles only cost 6,000 Aeroplan points one-way.
With the 30,000 points earned from this card, you can travel one-way in business class across the continent on routes such as Toronto – Vancouver or Montreal – Los Angeles and still have about 5,000 points left over.
Perks & Benefits
As with the personal variant, the TD Aeroplan Visa Business prides itself upon a strong set of Air Canada travel benefits. As a cardholder, you’ll receive:
- Free first checked bag on Air Canada flights, for the primary and supplementary cardholders
- Preferred pricing when redeeming Aeroplan points for Air Canada flights
- The ability to earn 1,000 Status Qualifying Miles (SQM) and 1 Status Qualifying Segment (SQS) for every $5,000 you spend on the card
- Your Aeroplan points won’t expire for as long as you’re a cardholder
On top of that, a unique perk on this card comes in the form of a $100 NEXUS credit, which is not offered by either CIBC and American Express in this product category.
Insurance-wise, the TD Aeroplan Visa Business Card is relatively strong, and is mostly on par with the personal TD Aeroplan card with a few exceptions:
Emergency medical insurance of up to $2,000,000 on the first 15 days of a trip (4 days for cardholders aged 65 and up); this is a higher coverage amount but lower coverage duration compared to the personal card
Delayed and lost baggage insurance of up to $1,000 per person towards the purchase of essential items if your baggage is delayed by more than six hours or lost
- Trip cancellation / trip interruption: For Trip cancellation, up to $1500 per person or $5000 combined and trip interruption of $5000 per person or $25,000 combined
Flight delay insurance of up to $500 if your flight is delayed by more than four hours
$500,000 Common Carrier Accident insurance, which protects you in case of a travel-related accident
Auto rental damage & loss insurance, which can help you save on the insurance fees that car rental companies would otherwise charge
As with the personal card, the insurance ought to apply to Aeroplan award tickets when you charge the full taxes and fees of the redemption ticket on your TD Aeroplan Visa Business, which is a very valuable benefit since there aren’t many credit cards out there that provide insurance on award travel.