This offer is not available for residents of Quebec.

TD is one of Aeroplan’s oldest credit card partners and it seems that relationship is set to continue since TD, along with CIBC and Air Canada, formalized an agreement to purchase Aeroplan. This gives a greater sense of stability to the Aeroplan program’s future, so cardholders can continue to earn Aeroplan points without anxiety about what will happen to the points’ value down the road.

The TD® Aeroplan® Visa Platinum* Card is TD’s entry-level Aeroplan card, and it may appeal to those who are excluded from upper-tier Aeroplan cards due to restrictive income requirements and prohibitively high annual fees.

At a glance

  • $89 annual fee (first year annual fee rebate)†
  • Up to 20,000 Aeroplan points bonus†, account must be approved by September 3, 2024 (Conditions Apply)
  • Earn 1 point per $1 spent on eligible grocery, gas and Air Canada® purchases (including Air Canada Vacations®) made with your card
  • Earn 1 point per $1.50 spent on all other purchases
  • Earn points twice. Pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 170+ online retailers via the Aeroplan eStore.
  • Discounts at participating Avis Rent A Car and Budget Rent A Car†
  • Delayed and Lost Baggage Insurance†, Flight/Trip Delay Insurance, Common Carrier Travel Accident Insurance†, Auto Rental Collision/Loss Damage Insurance†

Sign-up bonus

Earn up to $500 in value† including up to 20,000 Aeroplan points† and no annual fee for the first year. Conditions Apply. Account must be approved by September 3, 2024.

  • Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card†
  • Earn an additional 10,000 Aeroplan points when you spend $1,000 within 90 days of Account opening†
  • Plus, Get an annual fee rebate for the first year†.

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 your Additional Cardholders by September 4, 2024.

Earn rate

With the TD® Aeroplan® Visa Platinum* Card, you’ll earn 1 point per $1 spent on eligible grocery, gas and direct through Air Canada® purchases (including Air Canada Vacations®) made with your card. With all other purchases, you need to spend $1.50 to earn one point.

Admittedly, on the surface the earn rate may not jump out as being spectacular. But you can earn points twice at participating Aeroplan retailers and the Aeroplan eStore. To do this, all you need to do is present your Aeroplan Membership number and then pay for your purchase with your TD® Aeroplan® Visa Platinum* Card.

Interest rates

  • Standard Purchase APR: 20.99%
  • Balance Transfer APR: 22.99%
  • Cash Advance APR: 22.99%

How Aeroplan works

Aeroplan is one of the most popular travel rewards programs in Canada and is the official loyalty program of Air Canada. Since Air Canada is a member of Star Alliance, you can use your points on any of their partner airlines as long as you book your flights through the Aeroplan website or via their customer service line.  Points are redeemed for flights based on demand and availability.

When you use your Aeroplan points to redeem a flight, many airlines still charge taxes, fees and surcharges which can add up to quite a bit.

Generally speaking, 1 Aeroplan point has an accepted value of $0.02 CAD per point. You can easily get that value when booking flights within North America and Asia. A one-way, short-haul flight will cost 7,500 Aeroplan points, so you could fly from Montreal to Newfoundland or Vancouver to Yukon. Alternatively, you could redeem 12,500 Aeroplan points for a one-way long-haul flight such as Toronto to Los Angeles, which has a value of about $300. Flying to Europe seems to be of low value when you consider how many points it requires and the additional fees you’ll need to pay.


The major drawback of this card is the travel insurance. Although you get some basic travel insurance included, it’s not very much and it doesn’t even include travel medical. This wouldn’t be a big deal for a card with no annual fee, but you’re paying $89 a year to hold this card.

Is it worth It?

Despite the drawbacks, the TD® Aeroplan® Visa Platinum* Card is still a good fit for people who want to collect Aeroplan points but don’t meet the minimum income requirement for some of the more lucrative cards. The sign-up bonus is worth more than the $89 annual fee, and the card is particularly valuable for those who frequently shop with Aeroplan partners.

Apply for the TD® Aeroplan® Visa Platinum* card

†Terms and conditions apply.

Barry Choi Moneywise Contributor

Barry Choi is a Toronto-based personal finance and travel expert who makes frequent media appearances. When he's not educating people on how to be smarter with money, he's earning and burning miles and points for luxury travel.


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