For those after benefits like preferred pricing on Air Canada^® Aeroplan redemptions, but don't want to pay a high annual fee, the TD^® Aeroplan^® Visa Platinum^* Card represents a solid option, with a decent welcome bonus to boot.

Bonuses & Fees

As TD's entry-level Aeroplan co-branded credit card, the TD^® Aeroplan^® Visa Platinum^* Card currently offers 20,000 Aeroplan points as a signup bonus, structured as follows:

• 10,000 Aeroplan points upon first purchase^†
• 10,000 Aeroplan points upon spending $1,000 within 90 days of opening the account^†

The annual fee of $89 is also rebated for the first year.^†

Note that in order to receive the first-year annual fee rebate, you must activate your card and make your first purchase on the account within the first three months after account opening, and you must add any additional cardholders by January 6, 2025.

That's on the higher end of historical offers we've seen on this card, so now is a great time to apply.

As a lower-end Visa Platinum^* product, this card's annual fee is relatively affordable at $89. For this offer, the annual fee is rebated for the first year; otherwise, holding TD's All-Inclusive Banking Plan can also waive the annual fee on this card on an ongoing basis.

If you choose to sign up for the card, take note that the annual fee for the first supplementary cardholder is also rebated for the first year, which is usually $35.^†

To be eligible for this offer, you must apply and be approved for the card by January 6, 2025.

Earning Rewards

In terms of the returns on everyday spending, the TD^® Aeroplan^® Visa Platinum^* Card offers cardholders the following:

• 1 Aeroplan point^† per dollar spent on eligible Air Canada^®, Air Canada Vacations^®, gas, and grocery purchases^†
• 1 Aeroplan point^† for every $1.5 spent on all other eligible purchases^†

The TD^® Aeroplan^® Visa Platinum^* Card is best-suited for those who are interested in collecting Aeroplan points while building up a relatively new credit file, or restricting themselves to lower annual fees and credit limits. I wouldn't recommend putting your daily spending on this card if you qualify for a card with a better earning rate; however, it's a decent option to get in the door with Aeroplan and TD.

Redeeming Rewards

Aeroplan remains the program of choice for the vast majority of Canadians aiming to redeem their points for high-value international business class 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, for example. From the East Coast, 60,000 Aeroplan points (or often fewer, thanks to Air Canada’s^® preferred pricing benefit if you hold Aeroplan Elite Status or a co-branded 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 as few as 6,000 Aeroplan points one-way. With a few months of organic spending on top of the 20,000 points earned on this card, you'll have the 25,000 points required to travel one-way in business class across the continent on routes such as Toronto – Vancouver or Montreal – Los Angeles.

Perks & Benefits

As an entry-level Aeroplan co-branded offering, the TD^® Aeroplan^® Visa Platinum^* Card offers a limited set of Air Canada^® travel benefits, including:

• Preferred pricing when redeeming Aeroplan points for Air Canada^® flights^†
• Your Aeroplan points won’t expire for as long as you’re a cardholder^†

Insurance Coverage

As a basic card, the TD^® Aeroplan^® Visa Platinum^* Card's insurance proposition is also relatively weak. Some of the provisions that it does cover include:

• Delayed and lost baggage insurance: $1000 overall coverage per insured person towards the purchase of essentials such as clothes and toiletries if your baggage is delayed more than 6 hours or lost.^†
• Flight/trip delay insurance: Up to $500 in coverage if your flight/trip is delayed more than 4 hours.^†
• Auto rental collision/loss damage insurance: Coverage for up to 48 consecutive days for cars with an MSRP of up to $65,000, which can help you save on the insurance fees that the car rental company would otherwise charge.^†

It's important to note that these benefits would also apply on Aeroplan reward tickets, as long as you charge the taxes and fees of your booking to your TD^® Aeroplan^® Visa Platinum^* Card. However, the card does not offer emergency medical insurance or trip cancellation & trip interruption insurance, which are two very significant benefits that you'll find on many of the higher-end products out there. Additionally, the card also offers Purchase Security and Extended Warranty Protection, covering most eligible items you’ve purchased with your card should they be stolen or damaged within 90 days of purchase, as well as a doubled warranty period compared to the manufacturer's warranty.