As of November 8, 2020, this card will be rebranded and relaunched with all-new benefits to coincide with the new Aeroplan loyalty program.

Read more about the new Aeroplan credit cards by TD, CIBC, and American Express.

The Bonuses

As TD’s entry-level Aeroplan co-branded credit card, the TD Aeroplan Visa Platinum currently offers 10,000 Aeroplan miles as a signup bonus upon making your first purchase on the card, followed by another 10,000 Aeroplan miles upon spending $1,000 in the first three months, for a total of 20,000 Aeroplan miles.

The annual fee of $89 is also waived for the first year.

According to the Aeroplan Reward Chart, 20,000 Aeroplan miles would be enough for a one-way long-haul flight within North America in economy class, which would cost 15,000 miles. You could also use the miles towards a larger redemption, such as a round-trip long-haul flight within North America for 25,000 Aeroplan miles or an Aeroplan Mini-RTW in business class starting at 150,000 Aeroplan miles.

In the past, this card has offered higher signup bonuses as well (including up to 25,000 Aeroplan miles), and it’s widely regarded that the offers in November as of the new Aeroplan program‘s launch are likely to be very strong as well.

As a lower-end Visa Platinum product, this card’s annual fee is relatively affordable at $89. There’s a First Year Free promotion right now; otherwise, holding TD’s All-Inclusive Banking Plan can also waive the annual fee on this card.

If you do choose to sign up for the card, take note that the annual fee for the first supplementary cardholder is also waived for the first year. This fee would normally be $35 otherwise.

Earning Rewards

In terms of the returns on everyday spending, the TD Aeroplan Visa Platinum offers cardholders:

• 1 Aeroplan mile per dollar spent on groceries, gas, and drugstores
• 1 Aeroplan mile for every $1.5 spent on everything else

As you can probably tell, the earning rates aren’t very competitive at all, which is to be expected for an entry-level card like this. The fact that the earning rate on general purchases is lower than 1 mile per dollar spent tells you everything you need to know.

The TD Aeroplan Visa Platinum is best-suited for those who are interested in collecting Aeroplan miles 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, compared to the numerous stronger cards out there (such as the TD Aeroplan Visa Infinite, to name just one).

Insurance Coverage

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

• Delayed and lost baggage insurance: Up to $1,000 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, 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.

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.