TD Aeroplan Visa Business Card
Best offer is available in-branch until June 2, 2019

  • Signup bonus:
    • 20,000 Aeroplan miles upon first purchase
    • 20,000 Aeroplan miles upon meeting minimum spending
    • 5,000 Aeroplan miles for having an existing qualifying personal TD Credit Card or qualifying TD Small Business Account
    • Total of 45,000 Aeroplan miles
  • Minimum spending: $5,000 in the first 90 days
  • Annual fee: $0 for the first year, then $149
  • Earning rate:
    • 1.5 Aeroplan miles per dollar spent on travel and gas purchases
    • 1 Aeroplan mile per dollar spent on all other purchases
  • Insurance: Good


The Bonuses

The TD Aeroplan Visa Business Card has historically offered a very competitive level of bonus miles, although this is the first time we’ve seen a first-year annual fee waiver from it.

Until June 2, 2019, you can earn a total of 45,000 Aeroplan miles with this card, and the annual fee of $145 is waived for the first year. 

The way in which the 45,000 miles are distributed is as follows:

  • 20,000 miles upon first purchase

  • 20,000 miles upon spending $5,000 in the first 90 days

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

For those last 5,000 miles, it’s not entirely clear what counts as a “qualifying” personal credit card, but I imagine another TD credit card such as the TD Aeroplan Visa Infinite will count. It might therefore be a good idea to make sure you have that card before applying for this one.

Click here to read the blog post covering the Spring 2019 offer on this card.


Aeroplan
Redeem on 28 Star Alliance partners
In-depth guide

Taking into account the $5,000 minimum spend, you’ll end up with at least 50,000 Aeroplan miles after you’re done applying for this card.

Looking at the Aeroplan Reward Chart, 50,000 Aeroplan miles gives you lots of travel possibilities. Here are a few redemptions that come to mind:

  • Three short-haul round-trip flights on Air Canada in economy class for 15,000 miles each

  • Two long-haul round-trip flights within North America in economy class for 25,000 miles each

  • A long-haul round-trip flight within North America in business class for 50,000 miles

  • A one-way flight to Europe or South America in economy class for 30,000 miles

  • A one-way flight to Asia in economy class for 37,500–45,000 miles

You can also use the 50,000 Aeroplan miles towards a larger redemption, such as an Aeroplan Mini-RTW starting at 75,000 miles in economy class or 150,000 miles in business class.

Supplementary cards can be added to your account and 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.


Rewards & Benefits

The TD Aeroplan Visa Infinite offers you 1.5 Aeroplan miles per dollar spent on travel and gas purchases. Meanwhile, you’ll earn 1 Aeroplan mile per dollar spent on all other purchases.

Similar to the TD Aeroplan Visa Infinite, the earning rates on this card aren’t much to write home about. The 1.5x bonus category for travel and gas purchases is outstripped by the American Express Gold Rewards Card, which offers 2 Amex MR points per dollar spent on the same purchases.

Since Amex MR points can be transferred to Aeroplan at a 1:1 ratio, the 1.5x multiplier on the TD Aeroplan Visa Business Card is pretty inferior and you’d be better off using the Gold Rewards Card instead.

Also similarly to the personal TD Aeroplan card, you get a few perks when travelling on Air Canada on an Aeroplan reward ticket only, which do not apply when you book a revenue ticket with Air Canada.

The benefits include a complimentary first checked bag, priority check-in, priority boarding, and a complimentary visit to an Air Canada Maple Leaf Lounge once per calendar year. 

Since these are only usable on Air Canada flights redeemed with Aeroplan, you’ll probably only find them useful when redeeming miles for travel within North America (as redeeming miles for long-haul Air Canada flights is usually terrible value thanks to the hefty fuel surcharges you incur).


Insurance Coverage

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

  • 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

Notably, the TD Business Aeroplan doesn’t offer insurance for trip cancellation and interruption, which is provided as a benefit on the personal version of the card.

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 Card, which is a very valuable benefit since not many credit cards out there provide insurance on award travel.


Apply Now

TD seems to require a little more documentation for their business credit card applications than other banks, so you can’t apply for this card online, but rather must go in-branch to meet with a small business representative.

They’ve provided a helpful list of the business documents that you might need to bring in order to apply. If you’re a small business owner, you should have no trouble getting set up with this card.

However, if you don’t have a small business in the traditional sense and are interested in applying for the card as a sole proprietor, then you may need to try your luck at different branches to see if there’s a representative who will open the account for you. There’s been at least one data point of someone being successful doing so.

You can find more information about this card at the below link, although you’ll have to visit a TD branch to apply.

td.com/ca/en/business-banking/small-business/credit-cards/aeroplan-visa-business-card/