The TD Aeroplan Visa Infinite is one of my favourite credit cards. TD is currently offering an increased signup bonus on their TD Aeroplan Visa Infinite and Visa Infinite Privilege cards. These limited time offers are valid until December 2, 2016, so this is the last week to apply for them with the increased bonus.
Here are the details of the offers:
- 15,000 Miles with your first purchase
- 10,000 Miles when you keep the account active for 90 days
- 5,000 Miles by adding an authorized user
- 25,000 Miles with your first purchase
- 25,000 Miles for Keeping the Card active for 90 days
- 5,000 Miles for Adding an Authorized User
- 10,000 Miles for as an Anniversary Bonus
This is the highest non-American Express credit card bonus I’ve seen in Canada, ever. I highly suspect that these generous offers will be lowered after the promotion ends, so if you’re considering these cards, it’s better to pick them up now rather than later.
Which TD Aeroplan Visa should I get?
Anyone who has a pulse and a good credit score Most people will find the TD Aeroplan Visa Infinite more suitable for their needs. This is a good card for both beginners, as the signup bonus is very lucrative. Since this is a co-branded card, it deposits miles directly into your Aeroplan account – saving you from having to figuring out how to transfer miles.
For more advanced miles/points travellers, this still is a great card. I value Aeroplan miles at 1.6 cents apiece, so the welcome bonus is worth $480 alone. The card is one of the few that gives you trip and baggage delay on Aeroplan award tickets redeemed from your account, which the American Express Platinum card does not have.
Strategy to Waive Fees
Even though there’s a fee rebate on the primary cardholder for the first year, the authorized user fee to get the extra 5,000 bonus points costs $50. However, the TD-All Inclusive account waives the annual fee for the TD Aeroplan Visa Infinite and one authorized user on the account.
Moreover, this bank account has no monthly fees if you keep a minimum balance of $5,000. That’s not bad at all, especially given how low interest rates on checking accounts are to start with, so the lost interest is negligible. Right off the bat, you’re saving quite a bit just from the credit card fee rebates.
Is the TD Aeroplan Visa Infinite Privilege worth it?
As well, the travel and purchase protections that this card offers is phenomenal, such as extended warranty tripling the manufacturer’s warranty to a maximum of two years. That’s great for electronics which have a tendency of breaking right after the product warranty expires.
The improved benefits translates into a more exclusive card, with a $200,000 household income requirement. However, if you do want to add this card to your collection, this is what my TD representative has told me:
Household income simply outlines the total income that all people in the household make. So if the husband makes 150k and wife makes 50k then they’re good to go. Never hurts to apply if they really want the card.
Keep in mind that you earn 55,000 miles just for having the TD Aeroplan Visa Infinite Privilege open for three months and adding an authorized user, which is enough for a one-way business class redemption to Europe. For an annual fee of $399, that’s a great value, especially since a business class ticket costs a minimum of $2000 from the west coast. If you have a VIP relationship with TD, they might be able to offset that fee even further.
TD’s policy on getting a card multiple times is that you will not receive the bonus if you’ve opened the same product within the last six months. The TD Aeroplan Visa Infinite Privilege and Aeroplan Visa Infinite are different products. That means if you’ve opened a TD Aeroplan Visa Infinite earlier this year, you won’t be eligible for the 30,000 mile bonus if you get it again – however, this does not preclude you from picking up the Visa Infinite Privilege.
The offer that I have here is exclusive to Canadian Kilometers, and is better than what is featured on the TD site. The public offer will not match this promotion. When applying, make sure that you see the website link have contains “Code=gZQM3” – that is the only way TD will be able to track your application. If you have any trouble receiving the posted benefits, please email me.