TD® Aeroplan® Visa Platinum* Card Review

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First year value

$865

Get this card if you:

  • want to earn Aeroplan points on everyday purchases
  • have a low income
  • appreciate a good welcome offer

Scores by category

Travel 2.9

Rewards 2.9

Gas 2.3

Groceries 2.3

At a glance

The TD® Aeroplan® Visa Platinum* Card is an entry-level travel rewards credit card tailored for Canadians, offering the ability to earn Aeroplan points on everyday purchases. While it provides some travel insurance benefits and savings on car rentals, it lacks premium perks like airport lounge access and has a lower earn rate compared to higher-tier Aeroplan cards.

Highlights

$865

First year value

up to 20,000 pts†

Welcome bonus

$89

Annual fee

First-year annual fee rebate† ; Additional cardholder† is $35

Interest Rates

20.99%

Purchase APR

22.99%

Cash advance APR

Eligibility

Excellent

Recommended credit score

Quick overview of the TD® Aeroplan® Visa Platinum* Card

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.

Who can benefit from the Aeroplan Platinum Visa from TD?

As a more entry-level option than TD Aeroplan Visa Infinite Card, the TD® Aeroplan® Visa Platinum* Card is a great option for those just beginning their travel rewards journey. If you're taking 1 to 2 flights per year and want to start accumulating travel rewards without a high annual fee commitment, this card offers a practical entry point to the Aeroplan program.

Others who can get impressive value from the card include:

  • Budget-conscious Canadians: With its modest $89 annual fee, this card appeals to those who want travel rewards but are watching their wallet
  • Applicants with limited income: The lack of a personal income requirement makes this card accessible to many Canadians who don't qualify for premium travel cards
  • Credit-building travellers: If you have a good but not excellent credit score and want to build credit while earning travel rewards, this card offers a reasonable approval threshold while providing a pathway to qualify for premium travel cards in the future
  • Families looking for a supplemental credit card: This can be an excellent secondary household card when paired with a premium travel card. One partner can hold the premium TD Aeroplan Visa Infinite while the other carries this card, allowing the household to maximize point earning while minimizing annual fees

Pros and cons

Pros

Pros

  • Lower annual fee: The Platinum Visa Card's annual fee more affordable than more premium Aeroplan cards like the TD Aeroplan Visa Infinite while still providing access to the Aeroplan program

  • Basic travel insurance package: Includes travel medical insurance for trips, basic trip cancellation, and delayed/lost baggage coverage

  • No minimum redemption threshold: Ability to use Aeroplan points with no minimum point requirement for many redemptions

  • Star Alliance access: Aeroplan points can be used across 40+ airline partners, offering good flexibility for international travel

Cons

Cons

  • Foreign transaction fees: Charges the standard 2.5% fee on foreign currency transactions, making it less ideal for international purchases

  • No lounge access: Doesn't include airport lounge privileges that come with higher-tier travel cards

  • Modest everyday value: For cardholders who don't regularly fly Air Canada, the overall value proposition may be limited compared to a straightforward cash back card

TD® Aeroplan® Visa Platinum* Card welcome bonus

  • Earn up to $500 in value† including up to 20,000 Aeroplan points† and no annual fee for the first year. Conditions Apply.
  • Full welcome bonus details

    +

    Earn up to $500 in value including up to 20,000 Aeroplan points and no annual fee for the first year. Conditions Apply. Offer effective as of January 7, 2025.

    • 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 

    • 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 3 months after Account opening and you must add your Additional Cardholders while the offer is in effect.

How to earn Aeroplan points with the TD® Aeroplan® Visa Platinum

With the TD® Aeroplan® Visa Platinum* Card, you’ll earn 1 point† for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®) made with your card. With all other purchases, you'll earn 1x.

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.

How to redeem Aeroplan points

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.

Key benefits of the TD® Aeroplan® Visa Platinum

  • $89 annual fee (First-year annual fee rebate† ; Additional cardholder† is $35)
  • Earn up to $500 in value† including up to 20,000 Aeroplan points† and no annual fee for the first year. Conditions Apply.
  • 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†

TD Aeroplan Visa Platinum Card insurance coverage

Insurance Coverage
Extended warranty 1 year
Purchase protection 90 days
Travel accident insurance $500,000
Trip delay $500
Baggage delay $1,000
Lost baggage $1,000
Rental car coverage $65,000
Hotel burglary $2,500

How the TD® Aeroplan® Visa Platinum* Card compares

TD® Aeroplan® Visa Platinum* Card vs. TD® Aeroplan® Visa Infinite* Card

up to 40,000 pts†

Welcome Bonus

$1,870

First Year Value

$570

Annual Value

Welcome Bonus: Earn up to $1,300 in value† including up to 40,000 Aeroplan points† and no Annual Fee for the first year†. Conditions Apply.

Learn More Apply Now On TD's Secure Site

Disclosures:

  • To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders while this offer is in effect.
  • This offer is not available for residents of Quebec. For Quebec residents, please click here.  

    The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.

    †Terms and conditions apply.

TD® Aeroplan® Visa Platinum* Card vs. CIBC Aeroplan® Visa* Card

up to 10,000 points

Welcome Bonus

$565

First Year Value

$365

Annual Value

Welcome Bonus: Join and get up to $200 in value in your first year!† Earn 10,000 Aeroplan points!†

Learn More Apply Now On CIBC's Secure Site

Disclosures:

  • †Terms and Conditions Apply. This offer it not available to the residents of Quebec.
  • The information for the CIBC Aeroplan® Visa* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.

Interest rates

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

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.

Disclosures

  • This offer is not available for residents of Quebec. For Quebec residents, please click here.

    The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.

    †Terms and conditions apply.

Barry Choi 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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†Terms and Conditions apply.