TD Aeroplan Visa Rumours

There have been rumours going around about the new TD Aeroplan Visa co-branded credit cards on a certain forum which I’ve been banned from, so here are the details of the cards (which could be wrong). I’ve written about the change in credit card issuers previously in this post.
This is one of the possible credit card designs for the TD Aeroplan Visa:

Potential TD Aeroplan Visa Credit Card Art

Potential TD Aeroplan Visa Credit Card Art

Let’s talk about the rumours!

TD Aeroplan Visa Platinum

Enrolment Bonus: 10,000 miles
Miles Earned: 1 Aeroplan Mile/$1.50
Bonus #1: 1 mile/$1 on gas, grocery and drugstore purchases
Bonus #2: Aeroplan Card and TD Visa can be used together at Aeroplan partner locations
Insurance: Delayed/Lost Baggage, Flight Delay, Collision Loss and Damage Insurance, Common Carrier, Purchase Security & Extended Warranty, Emergency Travel Assistance
Annual Fee: $89 Primary User, $35 Authorized User
Income Requirement: None, Interest Rate: 19.99%, Minimum Credit Limit: $1,500
Exclusive Privileges: None, Air Canada Benefits: None

My thoughts: As the base level, this TD Aeroplan Visa is a really weak offering! A base spend of 0.66 miles per dollar with a $89 card is rediculous. Enough said.

TD Aeroplan Visa Infinite

Enrolment Bonus: 15,000 miles
Miles Earned: 1 Aeroplan Mile/$1.00
Bonus #1: 1.5 mile/$1 on gas, grocery and drugstore purchases
Bonus #2: Aeroplan Card and TD Visa can be used together at Aeroplan partner locations
Insurance: 15 Day Travel & Medical Insurance, Trip Cancel/Trip Interrupt, Delayed/Lost Baggage, Flight Delay, Collision Loss and Damage Insurance, Common Carrier (incl. Auto Rental), Purchase Security & Extended Warranty, Emergency Travel Assistance
Annual Fee: $120 Primary User, $50 Authorized User
Income Requirement: $60,000 or $100,000 household, Interest Rate: 19.99%, Minimum Credit Limit: $5,000
Exclusive Privileges: Concierge
Air Canada Benefits: When travelling on Reward flights: One annual one-time use Maple Leaf Lounge access pass, First checked bag free, Priority check-in, Priority boarding

My thoughts: This is not a bad card, as it has Auto Rental insurances, as well as most of the current benefits offered by the current CIBC Aeroplan Visa Infinite. I like that it includes more Air Canada benefits. It’s a very standard card though which is not great especially as TD really needs to capture market share.

TD Aeroplan Visa Infinite Privilege

Enrolment Bonus: 25,000 miles
Miles Earned: 1.25 Aeroplan Mile/$1.00
Bonus #1: 1.5 mile/$1 on gas, grocery and drugstore, and Air Canada purchases
Bonus #2: Aeroplan Card and TD Visa can be used together at Aeroplan partner locations
Insurance: 22 Day Travel & Medical Insurance, Trip Cancel/Trip Interrupt, Delayed/Lost Baggage, Flight Delay, Collision Loss and Damage Insurance, Common Carrier (incl. Auto Rental) – (expanded vs. Infinite coverage), Purchase Security & Extended Warranty (expanded vs. Infinite Coverage), Emergency Travel Assistance
Annual Fee: $399 Primary User, $99 Authorized User, Income Requirement: $200,000 household, Interest Rate: 19.99%, Minimum Credit Limit: $10,000
Exclusive Privileges: Privilege Concierge, Global Lounge Service, Security VIP Fast Lane (Selected Airports), Golf Program, Sports packages (Olympics; FIFA), Music, food and wine experiences
Air Canada Benefits: First checked bag free on Air Canada flights, Priority check-in on Air Canada flights, Priority boarding on Air Canada flights, Four annual one-time use Maple Leaf Lounge access passes (when travelling on Reward flights), 50% discount on companion tickets for eligible Executive Class fares on Air Canada Flights available once per calendar year

My thoughts: Honestly, I don’t know who they’re trying to compete with, because the benefits are so much weaker than the current Canadian AMEX Platinum. Even though that has a $699 fee, you essentially get $200 back through a travel credit. So it’s only $100 more than this card, yet offers so much more benefits such as SPG Gold, CX Gold, as well as most of the travel insurances, concierge, and travel privileges that this card has. Of course, the Plat also earns at 1.25 points per dollar, which are transferrable not only to Aeroplan but also to Avios and other programs as well. Honestly, this is a pitiful card! The only redeeming features are the Air Canada benefits, but the only incremental benefits that this offers over the Visa Infinite are the 50% on discount companion tickets which I think is meh, given that I never pay full price for premium class tickets, and the Maple Leaf Lounges also aren’t that great (although they’re better than a lot of US lounges).

I really hope these are rumours, because if this is true, the TD Aeroplan Visa cards really do suck in my opinion. This are just rumours though so I hope that they are wrong! But at least we finally have cards that almost emulate Air Canada elite status.

This is the current page for the TD Aeroplan Visa on the TD Bank website which reveals no details as the promotion of these cards cannot occur until January 1. This is the current FAQ by Aeroplan about the new TD Aeroplan Visa Cards.

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Comments

  1. well. I hope this is really a rumour, if it’s true good luck. They need to either waive 1st year fee or jack up with the welcome bonus. very weak offers in my opinion

  2. The TD Aeroplan Visa Infinite most resembles the AMEX Premier Rewards Card. The 1.5 points is short of what the PRG card offers in that category, but the extra benefits on only a reward flight is a downer. If that was offered on all Air Canada flights then better… The fee is tough to have this and the PRG card, so I think the PRG card is still the one to have for my wife and I due to no fee for authorized user and some flexibility with Avios points as transfer option.

  3. I currently have the CIBC Aeroplan Infinite Visa. The new TD equivalent appears to be slightly better – with the one lounge pass per year. I will get to keep my CIBC Visa (since I bank with them) but I may make the switch if they waive the first year fee. I am only holding on to my CIBC Visa for the insurances, as another big trip is coming up with reward redemption. After that, I am likely turfing it…

  4. Wow you guys are good! Your comments pretty reflect the majority of consumers out there… Sometimes I wonder what the product managers are thinking when designing a new card? When will they start to benchmark with the US cards with Qualifying Miles benefits, etc.
    And a $200K minimum requirements will limit the number of potential card holders which mostly are current Amex AeroplanPlus members (which requires only $40K min income lol).

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