Update: This promotion is now over. The TD Aeroplan Visa Infinite Card now gives you the chance to earn up to 20,000 Aeroplan Miles. For more information, please use the link above directing you to the official TD website.
Since TD Canada Trust gained the right to issue Aeroplan co-branded cards, they’ve really strove to increase their bank’s market share in credit cards. This means the credit card market in Canada has been heating up steadily over the past few years.
We now see new cards with great benefits like the Scotiabank Gold American Express which earns 4x points/$ on select categories of spend, as well as cards from other issuers increasing their offers and benefits. Where I used to see the standard 15,000 miles as a signup bonus, most premium credit cards currently offer 25,000 or 30,000 as a norm.
Both TD and CIBC have Aeroplan co-branded credit cards. TD offers three variants of Aeroplan co-branded cards:
- TD Aeroplan Visa Infinite Card
- TD Aeroplan Visa Platinum Card
- TD Aeroplan Visa Infinite Privilege Card
The Infinite Privilege comes with a steep $399 annual fee, not waived, so in nearly all scenarios I would not recommend getting it. The Visa Platinum and Visa Infinite cards are actually fairly similar, although the Infinite tends to have a better signup bonus, higher income requirement, and better benefits. This is as a result of being able to charge a higher interchange fee as a premium Visa credit card.
TD Aeroplan Visa Infinite Improved Offer
The TD Aeroplan Infinite Visa has hovered around 15,000 – 25,000 points as a signup bonus for the past few months. With the exception of a promotion in October, the annual fee has always applied. However, through Aug 31th, the TD Aeroplan Visa Infinite is now offering waived first year annual fees with a 25,000 Aeroplan mile signup bonus!
TD Aeroplan Visa Platinum Improved Offer
For those who don’t qualify for the Visa Infinite offer, the TD Aeroplan Visa Platinum Card similarly offers first year fee waived, as well as an increased signup bonus of 15,000 miles. This also is the best publicly available offer, available similarly until Aug 31th. If you are applying for this card, you have to scroll down and click through to see the offer as TD heavily favours customers applying for their Visa Infinite product.
To earn the full 15,000 miles, you need to spend $1000 in purchases within the first 90 days of card membership.
TD Aeroplan Visa Increased Signup Bonus
The signup bonus for the TD Aeroplan Visa Infinite card is 15,000 miles on first purchase, and 10,000 miles after $1000 spending within the first three months. The annual fee is rebated after two monthly statements. To my knowledge, this is the highest current welcome bonus for this card.
I value Aeroplan miles at a minimum of 1.7 cents, so this offer is worth a minimum of $425, and perhaps even more depending on your valuation. The best use for most families or those who don’t currently have a balance of Aeroplan miles is a continental North America trip with a free stopover. If you lived in Vancouver, you could head to Orlando with a stop in Ottawa. The ticket if you paid the cash price conservatively would be at least $600.
If you are considering getting other credit cards, see my post on applying for multiple credit cards in a day, known as “churning”. Generally, you’d be getting one card from each issuer, so another great card with the annual fee waived would be the American Express Gold Rewards Card, which offers 25,000 American Express Reward Points, transferrable to Aeroplan at a 1:1 ratio. You can see my review of the card here. That means if you got both cards, you’d be earning over 50,000 points from two credit card applications.
45,000 miles will get you a one-way business class trip to Europe. If you avoid fuel surcharges on Aeroplan by flying a carrier like Swiss or Turkish, taxes would be under $150. Purchasing a similar cash ticket would cost at the very minimum $1250. Earning rewards from credit cards, have allowed me to travel the world for next to nothing, and maximized my travel dollar.
TD Aeroplan Visa No Annual Fee First Year
The fine print of the offer has remained the same since the last time the card had an increased signup bonus and offered first year annual fee waived, which was in October. It’s worth noting that the public TD Bank website only displays an offer of 15,000 miles, which is inferior to the 25,000 Aeroplan miles offer available. You can see the entire details of the at the bottom of the application page.
In regards to having multiple accounts open:
If you have opened an Account in the last 6 months, you will not be eligible for this offer. TD Canada Trust reserves the right to limit the number of Accounts opened by, and the number of Welcome Bonus Miles awarded to, any one person.
To get the annual fee waived:
Annual Fee will be reversed within 2 monthly statements from the date of the charge. Annual Fee for any Authorized User Cards added to the Account continue to apply. You must apply for the Account by Aug 31, 2015. Existing TD Aeroplan Cardholders are not eligible for this offer.
This means to be eligible:
- You currently cannot hold any TD Aeroplan Visa credit card (although if you do have one, closing it and waiting a few days would clear this requirement)
- You cannot have gotten a TD Aeroplan credit card within the last six months
Let me know if there’s any questions or anything I can help with. Where will you be going with your Aeroplan miles?