All About Product Switching [2021]

Originally published in 2018, this article has been refreshed to reflect the latest updates in the product-switching scene: RBC’s distinction between standard and limited-time offers, TD’s new 12-month rule on Aeroplan cards, CIBC’s rotating upgrade offers, and more.

In this article, we’ll look at the technique of “product switching”, which allows you to earn welcome bonuses on credit cards without incurring additional credit checks, and also helps to improve your credit score and keep it in good health.

In This Post

What Is Product Switching?

Most of the time, getting a new credit card involves submitting a brand-new application for the credit card, which typically results in a “hard inquiry” on your credit file. 

However, with certain financial institutions, if you already hold a credit card product, you’re allowed to “switch” to another product without getting another credit check done.

In general, product switches are useful for two primary reasons:

  1. If a credit card’s annual fee is coming up and you don’t feel justified in paying it, product-switching to a no-fee card (otherwise known as “downgrading” a card) allows you to extend your average age of accounts (AAoA) on your credit file and continue to post strong payment history and utilization, rather than cancelling the card and no longer benefiting from the positive credit impact from using your card responsibly.
  2. If you’d like to try to get a card’s welcome bonus again after having waited the required amount of time after you last got it, product-switching can help you earn the welcome bonuses without incurring new credit hits and adversely impacting the “new credit inquiries” criterion of your credit score.

Essentially, a product switch replaces one of your existing credit cards with another – but on your credit file, it’s as though nothing happened.

Your existing tradeline continues to build up history and contribute to the robustness of your overall credit file, and you get to avoid the (albeit very minor) credit impact of closing an account and opening up a new one, while in some cases earning a hefty signup bonus as well.

Let’s take a look at the major financial institutions that issue points-earning credit cards and their policies on product switches, to help you maximize your gains.

Keep in mind that this information is gathered from anecdotal evidence (“data points”) from my and others’ experiences. If your experiences vary from those detailed here, as always please do share in the comments.

1. RBC

RBC is probably the most friendly bank among the Big 5 banks of Canada when it comes to product switches, as they make it easy to switch your card online and they are known to award the signup bonuses on product switches as well.

You can freely switch between some decent cards, such as the RBC Avion Visa Infinite, the RBC British Airways Visa Infinite, the RBC WestJet World Elite MasterCard, and the RBC Cathay Pacific Visa Platinum, earning the publicly available signup bonus each time. In fact, I was even encouraged by an RBC banking representative to do exactly this.

You can initiate a product switch easily on your RBC account dashboard via the “Switch a Credit Card” link on the right-hand side.

 

Then, you simply select your existing card and then the card you’d like to switch to, and you’re on your way:

RBC welcome bonuses are most reliably earned when switching between cards that aren’t part of the same family. For example, if you were to product-switch among the RBC Avion family of cards (i.e., the Visa Infinite, Visa Platinum, and Visa Infinite Privilege), you likely wouldn’t be eligible for the welcome bonus. 

If you were to instead switch from one of the Avion cards to a co-branded RBC card – say, the WestJet RBC World Elite Mastercard, your odds of receiving the bonus would be higher.

However, keep in mind that the welcome bonus you earn when product-switching is usually the “standard” welcome bonus, rather than any limited-time elevated welcome bonuses that RBC is running.

For example, even though the trio of Avion cards have bumped up their welcome bonuses to 35,000 Avion points for much of 2021 and 2022, those higher bonuses are for new applications only.

Instead, switching to the Avion cards would only result in the historically standard welcome bonus of 15,000 Avion points – though it can still be a worthwhile move, if you’d rather conserve credit inquiries but would still like to earn some Avion points.

A similar principle applies to the WestJet RBC World Elite: the card often puts on promotions of 350 or 450 WestJet Dollars as a welcome bonus, but switching to the card typically only results in earning the historically standard 250 WestJet Dollars. 

Additionally, there have been some data points of RBC offering pro-rated annual fee refunds as well, which means that you’ll only pay a portion of the card’s annual fee depending on how long you’ve held it. This can be useful if you’re interested in minimizing your fee outlay as you maximize your credit card bonuses.

Major RBC Credit Cards
Credit Card Best Offer Value
55,000 RBC Rewards points
$120 annual fee
55,000 RBC Rewards points $1,080 Apply Now
55,000 RBC Rewards points
$120 annual fee
55,000 RBC Rewards points $1,080 Apply Now
50,000 Avios $899 Apply Now
55,000 RBC Rewards points $826 Apply Now
40,000 Asia Miles $632 Apply Now
450 WestJet Dollars $417 Apply Now

2. TD

TD is well known for allowing cardholders to earn welcome bonuses when switching between products. Product-switching requests must be initiated over the phone.

In fact, the terms and conditions on the TD Aeroplan Visa Infinite contain the following:

If you have opened an Account in the last 12 months, you will not be eligible for this offer.

Meanwhile, the terms and conditions on the TD First Class Travel Visa Infinite contain the following:

This offer is not available customers who have activated and/or closed a TD First Class Travel Visa Infinite Account in the last 6 months.

TD generally follows these rules to a tee, and awards the welcome bonus to eligible cardholders who switch between the Aeroplan, TD Rewards, and Cash Back families of credit cards.

Like in RBC’s case, switching cards within the same family (say, from the TD Aeroplan Visa Infinite to the TD Aeroplan Visa Infinite Privilege) is less likely to result in earning the full welcome bonus.

Furthermore, the TD All-Inclusive Banking Plan comes with a fee waiver on one premium credit card. If you have $5,000 to park in this account (thus waiving the monthly chequing fees), you can successfully flip-flop between the two products without paying any annual fees at all.

This is as close to free as it’s gonna get – no annual fees, no credit checks, just a reliable flow of Aeroplan and TD Rewards points on a regular basis.

If you find it too complicated to constantly switch cards between families, you also have the option of simply downgrading your Aeroplan or TD Rewards cards to a no-fee TD Visa card in a different family (such as the TD Rewards Visa Card or TD Cash Back Visa Card), and then upgrade back to the premium card sometime later once you’re eligible for the bonus again.

Major TD Credit Cards
Credit Card Best Offer Value
105,000 Aeroplan points $1,921 Apply Now
135,000 TD Rewards points $825 Apply Now
Up to 50,000 Aeroplan points $662 Apply Now
20,000 Aeroplan points $441 Apply Now
$290 cash back $290 Apply Now
50,000 TD Rewards points
First Year Free
50,000 TD Rewards points $258 Apply Now

3. CIBC

CIBC allows product switches, and also allows you to earn welcome bonuses on switching. However, the specific welcome bonuses that you earn are often different from the publicly available welcome bonus upon submitting a new application.

Indeed, CIBC seems to rotate through various “global migration offers” on a quarterly basis, which are non-public offers for upgrading cards within or between card families.

Only CIBC’s phone representatives can access these offers and help you process them when initiating a product switch.

For example, in February 2021, I elected to upgrade my CIBC Aeroplan Visa Infinite to a CIBC Aeroplan Visa Infinite Privilege. Upon calling in, I was informed that I could earn a welcome bonus of 45,000 Aeroplan points if I wanted to upgrade:

  • 25,000 Aeroplan points upon first purchase
  • 20,000 Aeroplan points upon spending $3,000 in the first four months

This upgrade offer was markedly different from the publicly available welcome bonus on the Visa Infinite Privilege card at the time. 45,000 Aeroplan points for no additional credit inquiry was a pretty awesome deal indeed!

Similar offers are usually available on the Aventura family of cards as well, so it always pays off to give CIBC a call and see whether there are any migration offers available if you’re trying to decide what to do with your CIBC cards.

As you might expect, you’ll mostly encounter these offers when considering whether to upgrade a card to a higher tier, and not when downgrading a card to a lower tier.

Still, downgrading your older CIBC cards can help to increase the age of your credit file and set yourself up for future upgrade opportunities.

Let’s say that you’ve applied for a CIBC Aventura Visa Card for Business and earned the signup bonus on that one. Six months in, you could downgrade it to something like the no-fee CIBC Dividend Visa, and keep it around.

You can later try your luck at upgrading the card to another points-earning card and getting a signup bonus there as well.

One more thing about CIBC: in my experience, they’re by far the most lenient bank when it comes to receiving annual fee waivers just by asking nicely.

On multiple occasions when I’ve called in to cancel a card, I’ve been offered my next year free just for keeping the account open – so it never hurts to ask!

Major CIBC Credit Cards
Credit Card Best Offer Value
45,000 Aeroplan points $920 Apply Now
90,000 Aeroplan points $676 Apply Now
45,000 CIBC Aventura points $563 Apply Now
Up to 80,000 CIBC Aventura points $373 Apply Now

4. MBNA

The issuing bank behind the Alaska Mileage Plan and Best Western Rewards MasterCards has a peculiar set of rules when it comes to product switching.

MBNA allows you to downgrade from a higher-tier credit card, such as the Alaska or Best Western cards, to one of their basic no-fee cards.

Note that you were allowed to freely downgrade cards in the past, but now, you need to be targeted for a downgrade offer, which only shows up from time to time, for this to work.

If you’re able to downgrade to a no-fee card, then you can combine this with MBNA’s unique policy of allowing you to “split off” existing credit limits to create a new tradeline when you’re originally declined for a credit card application for a winning formula.

You’d be able to downgrade your Alaska cards to no-fee MBNA cards like the MBNA Rewards Platinum Plus Mastercard, and then keep that credit limit handy in case you need to split your credit limits to get another Alaska Airlines Mastercard account approved in the future.

This is an unconventional use of the product-switching technique, but it does allow you to earn further MBNA Alaska welcome bonuses at an effective pace.

5. American Express

American Express doesn’t allow product switches in the meaningful sense. Each new card has to be accompanied by a new credit application.

The only situation in which American Express allows product switches is that they will occasionally tempt cardmembers with upgrade offers – say, from the American Express Gold Rewards Card to the American Express Platinum Card.

These offers are usually accompanied with some amount of Membership Rewards points as an upgrade bonus, although the offers generally pale in comparison to the full signup bonuses you’d receive by applying for the card directly.

And since American Express operates with a “once-in-a-lifetime” policy on welcome bonuses, it’s rarely a good idea to take on a suboptimal upgrade offer compared to going for the full welcome bonus on a new application.

It’s worth noting that while product-switching doesn’t play a major role with American Express in Canada, the possibility of maximizing upgrades and downgrades is more prominent with Amex US south of the border. 

And since Amex Canada has historically tended to follow in the footsteps of its American big brother, I wouldn’t be surprised to see American Express introducing some more meaningful upgrade and downgrade opportunities in Canada in the future. 

6. BMO / Scotiabank

Unfortunately, neither BMO nor Scotiabank allow cardholders to obtain welcome bonuses on product switches in the meaningful sense.

These issuers may allow you to downgrade existing cards to no-fee cards in order to preserve the credit history, but any welcome bonuses would need to be obtained through a new credit application.

However, BMO and Scotiabank tend to have the weakest bonuses out of the Big 5 banks anyway, so there’s not much value being lost here.

Conclusion

Once you’ve delved deep into the world of maximizing credit card signup bonuses, you begin to look for more shrewd ways to maximize your points earnings while minimizing your costs in the form of annual fees and credit inquiries.

In that respect, product switching is a key tool in the arsenal of anyone who’s looking to travel on points while keeping their credit file in tip-top shape.

In general, you’ll have the most success with RBC, TD, and CIBC, so pick up the phone (or log in to your RBC dashboard) and set those switcheroos in motion!

97 Comments
  1. JH

    Can I get welcome bonus when I switch the cards from Avion Visa Infinit to ION+ Visa+?

  2. Sara

    Does Amex Canada allow card downgrades? I can’t find this information anywhere!

  3. DC

    CIBC DP – Called in for a Business product switch but I was told not eligible for the sign-up bonus. chatted to an agent for a personal product switch told the same thing. Applicable to lateral switch as well as upgrade….:(

  4. beachball

    Hi Ricky, thanks for all your good work! I was wondering how many cards are too many? I currently have 11 cards and want to reduce that, but will obviously have to cancel some instead of downgrading.

  5. WT

    Amex doesn’t do a credit check when switching card to card with them….so it’s a great opportunity to utilize the best welcome bonuses in the industry!!!

  6. Daniel

    So would the ideal PS switch/churn strategy for TD involve holding 1 each of AP, Cashback, and FCT family cards and just alternate between the 3?

  7. Bileth

    RBC: PSed from WJ MC to RBC Avion on P1 and P2 and didn’t receive the WB on either card.

    1. jhou322 YVR

      Did you guys hold the Avion previously?

      1. Omar Battistella YYZ

        Wifey just switched from WestJet MC to Avion Platinum. Did not get the full offer. Only got 15000 pts. Was charged the annual fee, but received a rebate for the westjet card. FYI…never had an Avion card before.

        1. Bileth

          Just PSed from the WJ WE MC to the Avion Plat but haven’t received any points.

          1. Omar Battistella YYZ

            My wife got her 15000 points after the first statement.

  8. Jimmy

    i think the MBNA section needs to be updated. They won’t allow you to freely downgrade to any no-fee card, it has to be one where you have an “offer” on your account. this happened to both mine and P2’s account, wasn’t allowed to PS after calling it multiple times and talking to different reps. Both are Alaska cards

    Not sure what is required to get a downgrade offer, but it worked for both me and P2 once in late 2020 / early 2021 to downgrade. Then next time signing up for the Alaska cards again, wasn’t able to downgrade since there were no offers, even after 6 statements

    1. David

      I applied for Alaska world Elite MC card and met the spending requirement now, and if I can’t downgrade this card, can I keep it and apply the Alaska platinum plus to get 20k bonus?

    2. George

      Hi Jimmy, where do you check whether you have the downgrade offer?

    3. jhou322 YVR

      I’m guessing in this case if there wasn’t an offer to downgrade, cancelling is the better choice than waiting to keep the combo going?

    4. Ricky YVR

      Thanks Jimmy. I haven’t done this one myself for a while, but a few of our team members corroborated your data point, so I’ve gone ahead and updated the section.

  9. gboe

    I have the RBC Avion Platinum and want to do a product switch to the Infinite to receive the welcome bonus. I spoke to a rep on the phone that said I would not be eligible for any welcome bonuses as they were only for new signups. Is it likely that I would get the bonus if I did the PS online?

    1. Omar Battistella YYZ

      I dont think you will get the bonus because theyre both Avion cards. If you were to switch to Avios or WJ, you should see the initial bonus Either way, I dont think you will ever see the spend bonus on a product switch.

  10. Benjamin

    Hey, Ricky great content as always! Currently, I have the CIBC Aeroplan Platinum since Dec 2020, and my question can I make a product switch to the CIBC Aeroplan Visa Infinite while also gaining the new signup bonus?

    Secondly, say the product switch works and I earn the signup bonus for enrolling in the Visa Infinite Aeroplan. Would it be possible to downgrade the card to a no annual fee card and still keep the points in the account?

    Kindly advise

    1. Ricky YVR

      Yes!

      1. Benjamin

        is that a yes for both questions

    2. Benjamin

      as in to acquire the points and then downgrade or product switch agian before the annual fee comes up.

  11. Kevin

    Hi guys, I’ve had the CIBC Aeroplan Infinite since Feb 2020. Any idea how quickly I can switch back if I downgrade to the no fee? I would like to get that 20k sign up bonus and buddy pass conversion. Not sure when the promo ends.

    1. Grantie

      I have had NO LUCK with CIBC with product switches. I would suggest canceling CIBC AEROPLAN first. Not only did not give the bonus when switching to another card they also charged the $139 fee, even though the first year fee was suppose to be waved. I had to call them, speak to a manger, be on hold and then have her call me back two days later before she agreed to reverse the charges. BUT still no bonus. 🙁

  12. Dilan

    Hi everyone! Just wondering if anyone knows about product switching to a higher card if you don’t have the required minimum annual income, I’m a student with little income and I currently have the RBC Avion Visa Platinum and I’m wondering if I’d have any trouble switching to say the British Airways Visa Infinite? Thanks in advance!

    ,Dilan

    1. Daniel

      I tried this, to switch from the Visa Infinite to BA Visa Infinite. Called and was told that I would not be eligible for the sign up bonus. Can anyone confirm if it’s true?

      1. Jay*

        Rule #1… don’t call.

  13. ShawnPower VAN

    Hi gang, for CIBC it says “while others have reported being able to easily switch to a new card and receive the publicly available offer at the same time (including first-year fee waivers!) It seems very much dependent on the agent who’s helping you over the phone and how they process the product switch in their system.” I have an Infinite/want to switch to Platinum/get the 10,000 points offer and have talked to 4 regular agents who said it can’t be done (unless I do a new application) as well as 1 agent who processes cancellations, they said the same thing. Does anyone who’s done this have a special phone # they’ve used? Thanks!

    1. Josh YVR

      Not likely on a downgrade, but they might incentivize you to upgrade!

      1. ShawnPower VAN

        Okay, Thanks!

  14. Freddy

    Hey Ricky, just to give you some update on CIBC’s policy. I called to do a product transfer and said “is it true that I can get the sign up bonus? I read on the internet”. The agent said “it only works if you transfer from a lower level card to a higher level card. If you downgrade from Aeroplan infinite to the free Aeroplan card, there is no sign up bonus”

    1. Jay*

      As with everything in this game we play. YMMV.

  15. Francis

    Hey Ricky,

    I tried to get an answer through the Prince of Travel FB group and reading this but can’t seem to find the answer about the 6 month rule: If I signed up for a TD Aeroplan Infinite in Jan, product-switched in Aug to something no-fee/cashback, will I be eligible again for sign up bonuses back on the TD Aeroplan Infinite in Nov? By Nov, it would have been over 6 months since I last opened an account and received bonuses (as per T&C). But I’m hearing a lot that I have to not have held the TD Aeroplan Infinite for 6 months (ie. PS for 6 months) before reapplying, rather than 6 months past the last application/bonus.

    Love the updated site!

    1. Ricky YVR

      Francis, it should be 6 months since account opening. Since you switched out of the Aeroplan family of cards, you should be eligible for the bonus in November.

      1. Francis

        Ricky, would it be safer to switch to a no-fee/no-sign-up bonus type card for the short 3 months, or no would it make no difference if I switched to a premium cash back card (infinite cash back for example) and got a signup bonus with that?

        1. Ricky YVR

          I personally think it wouldn’t make a difference; others are welcome to chime in if their experiences indicate otherwise.

          1. Francis

            Thanks, Ricky! I’ll see if anyone in the group has any DPs

  16. susan

    Hi Ricky, Thank for a great article. I have had my RBC visa infinite for 19 years ! yep. Gonna product switch finally, as far as you know, if I switch to Westjet mastercard, do I keep my history, even though its a Visa to a mastercard ? The rep on phone was a little confused I think, lol.

    thanks for your help ! , Susan

  17. Andy

    兄弟,文章写的真好,清楚明白。一个问题是换卡的时候是不是要把之前的点数都用掉?Aeroplan肯定不需要,但是各个银行自己的点数在换产品的时候会清零吧。

    1. Ricky YVR

      Aeroplan, WestJet 等产品不需要用掉,但是各家银行的点数需要先转换到航空公司或者先申请另外一张同样的产品,再换。

  18. Tommy

    Very informative post Ricky. I was wondering if I switch from my RBC WJ to RBC BA, do I only get sign up bonus or do I also get the minimum spending requirement bonus?

    1. Khaled

      Same question here , will be very interesting DP to share. Thanks

  19. julien

    Hello!
    Just got off the phone with CIBC to product switch my Aerogold Visa Business into … well anything, really. I was told they can’t switch from a business card to any other kind of card (bus or personal – zilch), and that this rule is relatively new. Will try in-branch to see if anything can be done and report back.

  20. Kevin

    Hi Ricky or Andrew,

    I tried calling in RBC to do a product switch from my RBC Visa Platinum to Visa Infinite, and the CSR mentioned that I am not eligible to receive the sign-up bonus (as it’s only for new applicants). I’ve mentioned that I had the platinum since 2015, but they wouldn’t budge. Do you have any tips/ suggestions on what I should do? Should I just attempt the online product switch regardless?

  21. Johnny

    I was able to product switch my RBC Low Rate Visa to the Visa Infinite Avion over the phone. I had to call twice in order to get them to waive the first year annual fee.

    I was told both times that the fee waive was only applicable to new signups. I mentioned having a Visa Infinite from TD (complete lie) and that they were able to waive the fee for me upon signing up. First rep did not budge at all so I hung up and called in again. Spoke to the second rep and she gladly waived the fee. The only thing she couldn’t do is honour the bonus 5000 reward points after spending $1000 within 3 months. I did get the 15,000 points for switching though.

    All in all, very simple process and I recommend doing this over the phone prior to switching your card. If switching online, you may have less leverage in getting your annual fee waived since you’ve already committed to switching over.

  22. Carlo

    Hi Ricky, question on PS’ing with RBC. For example switching from the Avion VI, when I look at the points from their site they are called RBC Rewards points, and is called exactly the same as the points from my RBC Signature Rewards Visa. If I want to preserve the points from Avion, would switching to the Signature Rewards Visa card work?

  23. Steve

    I tried to product switch from a TD Aeroplan Visa Infinite to a TD First Class Travel Visa Infinite at the end of August. I was told over the phone that I would not receive the advertised sign-up bonus, but a reduced bonus. I had the Aeroplan card for at least two years, and had previously switched from the First Class Travel Visa Infinite at that time. New policies at TD?

  24. Francis

    I try to switch to RBC avion from RBC westjet to get the current offer annual fee waive and 15 000 points+5000 points. The representative said he was not even able to give the regular 15 000 point on product switch and that I needed to wait for an offer in the tap "offer for you" in my online banking account to even get the ongoing welcome bonus. I try to argue but no luck. I was expecting that they will a least offer the 15 000 welcome bonus point easily.

  25. wiffle

    How long should you wait before product switching back to a premium product? i.e. if I product switched down to the no-fee alternative in January, am I safe to try and go back up to a more premium product now?

    1. Ricky YVR

      Should be fine to give it a go. As a general rule of thumb, six months is a safe holding period before "making moves" of any kind.

  26. Mendy Igel

    If I will downgrade a TD Aeroplan infinite card to an Aeroplan platinum will I get the 15,000 bonus?

    1. Jacob

      Wondering the same thing!
      Did you end up getting it?

      1. Grantie

        I did not get it!

  27. Jeffrey Pedersen

    A few weeks ago, I product switched from a TD Aeroplan Infinite card, which I’ve had for many years, to the Infinite Privilege, assuming I’d get the 50K welcome bonus. Here in Quebec, that’s 25K on first use, the remaining 25K in 3 months (no minimum spend). Just checked my Aeroplan account, and the Welcome Bonus is only 10K, not 25K. I assume that I’m being hosed because going from Infinite to Privilege is not considered a new card?

  28. Pascale

    Ricky (or Andrew): You wrote: "Basically, if you hold an RBC Visa Infinite product and you ring them up and tell them you have another Visa Infinite from a competing bank, chances are they’ll be willing to waive your annual fee."

    I don’t understand what you mean. Let’s say I have a RBC Visa B.A. that I like to switch to Visa Infinite Platinum. I call RBC and tell them that I have a TD Visa Infinite card? Why would they waive the fee?

    1. Alex YWG

      Hi,

      I will add my 2 cents if you dont mind. I am usually able to get the fee waived on my RBC Avion Visa card ($120) 2/3 or 3/4 years. When I go on big trips it is usually around the time my visa fee is due and what I do is sign up for the VIP banking package for a month or 2 and that pays for my RBC avion card.

      The other times when I dont have that option but have a competing visa premium card I just call them up and ask for it. From experience this works only about 1 out of 3. I have not been able to get it more frequently than that or know of anyone that has.

      The last option that I use to get the fee waived is to downgrade or being prepared to cancel all together.

      The last time I paid my annual fee on RBC Avion Visa Infinite card was just under 4 years ago.

    2. Andrew

      Sure, I’d be happy to clarify that. Based on my experience and what I’ve read, this makes more sense for new applications or a first time upgrade not when doing a product switch from a card that had an annual fee.

      As an example, if I applied for the RBC Avion Visa Infinite card through the public offer and had to pay the annual fee, there’s a chance I could get the annual fee waived by calling in after receiving it and mentioning my competing premium card. (Obviously this isn’t a great example since RBC has been having the FYF promotion on the Avion through certain links).

      I personally used this when upgrading my basic RBC Visa to the Avion Visa Infinite and was asked to pay the annual fee. I mentioned I had other premium cards and the rep was willing to process a fee waiver for me.

      Hope that clarifies things for you!

  29. Terry

    I’ve had the TD Aeroplan Visa Infinite since Feb 2019, and interested in First Class Travel Visa Infinite.
    I will rule out product switching for now as $120 AF will likely not be waived.

    If I submit a new application for TD First Class Travel Visa Infinite, will I risk not receiving the signup bonus?

    1. Andrew

      Hi Terry,

      Good questions, let’s take a look at the offer fine print to see if you’d be eligible. Link to the Card Details: https://www.td.com/ca/en/personal-banking/products/credit-cards/travel-rewards/first-class-travel-visa-infinite-card/

      We see in footnote 1 in the second sentence that TD defines "Account" as the "TD First Class Travel Visa Account". Reading to the 4rd sentence it notes that "If you have opened an Account in the last 6 months, you will not be eligible for this offer". Combining the definition with the T&Cs, you should be able to determine your eligibility. Hopefully that helps!

      1. Alex YWG

        Hmm….so taking Terry’s situation (which is very similar to mine), having opened a TD Aeroplan Visa Infinite in Feb 2019 and doing a product switch or new application prior to June 2, 2019 to take advantage of the TD First Class Travel Visa Infinite card would mean that you would not be eligible for the sign up promotion.
        That is too bad

        1. Andrew

          Hi Alex,

          Product switching can be a different game since financial institutions normally have their own rules regarding switching.

          Beyond that, I’d reread the definition and rules I’ve posted above since it sounds like you’d be eligible for the offer.

  30. DMoon

    Hi Ricky, do you by any chance have any recent DP regarding TD product switch when you already had the card before? I had the FCT first, product switched to the Aeroplan Visa Infinite on March. I want to switch it to FCT when next round of promos come (need the Aeroplan card till my trip in August). Wondering if I’d still be eligible for the promo WB or if I’ll be shafted now due to changes in their policy with Product Switches.

    1. Andrew

      Hello DMoon,

      TD is a bit of a mixed bag based on what I’ve seen, but one key point is the wording in the offer. You’re not eligible for the welcome bonus if you received the bonus on that card within the last 6 months. If you got the TD First Class Travel card before February (assuming you switch in August and TD doesn’t change their wording) then there’s a chance you’ll get the bonus. When you call in to do the switch, I’d go by what the rep says.

  31. DenB® YTO

    Sorry, Ricky, your claim that RBC awards the publicly available Welcome Bonus is no longer accurate. I called in, before switching, and was told you’re right; I should expect the standard 15,000. Later when it wasn’t posted, I called in and was told that the earlier info was wrong. After a harangue, I was forced to endure the "special favour, just this once, but in future you won’t get it" lecture, followed by a "goodwill" post of 15,000 RBC points. Goodwill?

    1. yyzbarista

      You made a mistake calling in. Now you will never receive a bonus on a product switch. That’s how I manage to switch all 3 of my cards every 6 months (I cycle WJ/Avion/BA). I stay under the radar but your time is done unfortunately. Maybe try CIBC next?

      1. Khaled

        Hi, when you switch to RBC BA Infinite , do you receive the 25000 avios for spending $5k or just the initial 15k only? I have a 5000$ spending that can be only paid by visa or interac . I am willing to pay the Annual fee if I can get the spending bonus ! And I don’t want a new credit hit now.

    2. Ricky YVR

      I wouldn’t say your experience was the norm; as far as I’m aware, RBC remains pretty generous with product switches as of now and most of the bonuses are being awarded automatically.

  32. Travis Lo

    Just to clarify, I just signed up for the TD Aeroplan two weeks ago. Does this mean if I sign up for the TD First Class I won’t be eligible to get any of the TD Expedia points (separate application)?

    1. Ricky YVR

      You should be eligible – I believe the TD six-month restriction is talking about bonuses on the same product.

  33. Felix

    Is there any advantage to always hold a no-fee card of each credit issuer (AMEX, TD, etc) just for the purpose of having a presence / account at that issuer – or to build credit history?

  34. Felix

    BMO Product Switch?

  35. Claire

    For TD- do you every experience resistance from customer service agents? Surely they must think "why on earth would a customer who has held this card for 6 years with the all inclusive account (aka no annual fee) want to switch cards"?

    Also- any data points on holding two of the exact same TD cards? Would I be able to apply for a second TD Aeroplan Visa Infiniate while still holding my current one?

    1. Ricky YVR

      Rarely encountered any resistance. I’m sure you’ll have a compelling reason on hand on the off-chance you do, though.

      I was able to hold two TD Aeroplans at once, but this was a few years ago. As long as there’s six months in-between applications, you should be entitled to the bonuses.

  36. Philippe

    Hi Ricky,

    When you switch product with CIBC and have Aventura points left on the card, will the signup bonus add up with your current point balance, or will you lose your point balance?

    Thanks

  37. [object Object]

    Hi Ricky,

    Do you know how often you can try the RBC switch? I had the infinite Avion and switched it the the British Airways card about a month ago and it was easy to do plus they provided a prorated refund of my Avion fees. The purchases I already had on the Avion card switched over the the BA card and I received the BA points for those. I also have the RBC world elite and was wanting to switch that to the Avion platinum right away but I wonder if that’s too soon or if it would matter, as I hold two of their cards and I have t had the platinum before? I wish I knew about this before when the infinite Avion was free and 25k
    
    1. sleepyhead1965

      It matters very much. Always wait 6 months, now maybe wait 9-12 months. PS after 1 month will be an instant ban.

  38. Talis

    I’ve been trying for months to get MBNA to switch my Alaska MasterCard and so far I haven’t been able to get them to do it. Their last excuse was that whatever part of their computer system that facilitates switching cards was down/broken and had been for many weeks, and they had no ETA of when it was going to be back up. I’d love to hear if anyone has managed to do it recently.

  39. FeD

    Hey Ricky,

    If I get the TD First Class visa now, and a bonus offer for TD Aeroplan Visa comes out but in less than 6 months from now, will I be disqualified from the Aeroplan bonus signup because I received a signup offer for TD First Class < 6 months apart? Or does the rule only apply to same card types?

  40. Harley

    Hey Ricky thanks for the helpful info. I thought I would share my experience – I have the mbna Alaska card and I called to downgrade it to the no fee card but was told this was ‘not available right now’ which I found odd. I will try again later to talk to a different agent but I’d be interested to hear if anyone has had the same thing happen to them

    1. Harley

      for what it’s worth I thought I would provide an update into my situation. I talked to them again and they said that the account was too new (I opened it in the last 3 months) to be able to switch to a different product. So that would be a barrier to say switching the Alaska Airlines card to a no fee card and then re-applying for the Alaska Airlines card a few months later.

  41. Gwen

    When u say u cant ‘switch’ American Express cards I just switched my personal Gold to Platinum without a new application or hard check AND received the sign up bonus. They called it ‘an upgrade". I also had a US Delta Gold and did the same thing to a Delta Platinum and recieved the signup bonus. It’s switching different???

    1. Ricky YVR

      Good point, I overlooked the fact that Amex routinely allows you to "upgrade" cards, say from Gold to Platinum. I’ll add this info to the article now. However, I don’t believe they allow you to downgrade cards, or to switch to a card in a different family in order to preserve the account without paying the fee (say if you were to switch your Platinum to a SimplyCash card).

      Also, did you get the full 60,000 MR signup bonus on the Platinum? That’s a new data point, if true. In the past, I was always offered reduced bonuses of (say) 20,000 MR along with a Gold -> Platinum upgrade.

  42. Anna

    How about applying for a 2nd TD First Class Travel Visa Infinite and keeping the 1st card too (not product switching) … is this even possible? And if permitted, Ricky, I am guessing TD would not waive the annual fee for the 2nd card. It would be great to take advantage of the fee waiver + 50,000 sign up bonus prior to March 1st, and if cancelling the 2nd card after one year, transferring the points 1:1 🙂

    1. Ricky YVR

      As far as I know it’s possible to hold 2 concurrent cards of the same type with TD and receive the signup bonus on both, as long as it’s been 6 months since you received the first signup bonus. And if both times you apply with the First Year Free offer, you should get the fee waived on both.

  43. Anna

    I have both TD First Class Travel and TD Aeroplan and wanted to point out that it may be easier to cancel Aeroplan since points via Aeroplan … Not so easy if you are accumulating points via Expedia for TD. Unless Ricky, you have suggestions on ensuring you don’t lose your points, other than using before cancelling 🙂

    1. John

      Yes, I would like to know this as well.

      1. Petros

        Speaking from experience here (and I just got verbal confirmation over the phone):
        As long as you’re abiding by the 6 month rule (as stated above), your TD First Class Travel points can be transferred to Aeroplan points (1:1 conversion) if you cancel your TD First Class Travel credit card for the TD Aeroplan credit card.

        So if you end up signing up for the TD All-Inclusive Banking Account, switching between the two TD credit cards could be a way to get an insane amount of points at pretty much no cost (as long as you meet the TD All-Inclusive Banking Account requirements), theoretically speaking.

        Hope this helps!
        P

        1. Teddy

          I thought that the conversion from TD First Class Rewards to Aeroplan was a 4:1 ratio?

          1. Ricky YVR

            That’s my understanding as well.

  44. Mike

    Does the TD Aeroplan Visa Infinite no longer offer FYF?

    1. Ricky YVR

      Not as of now, but the promotion seems to be seasonal and may come back at any time.

  45. Alvin

    For TD, is credit switch only for the cards with credit limit minimum $5000? I currently hold the TD Cash Back Visa with credit limit only $1500 and it’s my oldest card, could I do a switch or probably have to take a hard hit to obtain one of their more premium cards?

    1. Ricky YVR

      Well the Visa Infinite cards all require a minimum credit limit of $5000. If you wanted to switch your existing card, that would involve asking for a credit limit increase, which would most likely incur a credit hit.

  46. Teddy

    Any DP on BMO?

    1. Ricky YVR

      I don’t pay much attention to their cards, so if anyone has a data point please feel free to share your experience!

  47. Matt

    This is so useful! Do you have any idea whether product switching for the Scotiabank Gold Amex is possible? I’ve read accounts of people being able to switch their Gold Amex to the Scene Visa, thus avoiding the annual fee and keeping up their average age of account. Some people have even reported getting the 4000 scene points! But others have said that looking at their credit report, it was a hard hit, meaning Scotia essentially closed the Gold and opened a new Scene Visa.

    1. Ricky YVR

      Yep I read those reports as well. Seems like Scotia is largely a hit or miss; however, if that happens to you it should be possible to contact the credit bureau and have them clean up the file on their end.

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