TD® Aeroplan® Visa Platinum* Card

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This card is no longer offered by the provider.
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First year rewards (up to)


Gift card
10,000 Aeroplan Miles Limited time offer - online only! Earn up to 25,000 Aeroplan Miles (equivalent to 1 long-haul roundtrip flight reward) and first year no Annual Fee for the Primary Cardholder. Conditions Apply. Must apply online by March 2, 2020. Spending
bonus
Monthly
bonus
Based on the amount of spending you do each month, our tool determines how much you'll spend on an annual basis and calculates the potential rewards you could earn for doing so. Spending
rewards
Annual fee
Annual fee
(1st yr waived)
The total net reward is the dollar amount all your rewards will add up to, minus any annual fee you may have to pay. For a detailed explanation on how we calculated this number, check out the Points Calculator tab.
Cash advance: 22.99%
%
Purchase interest rate
Cash advance: 22.99%
%
Balance transfer
% after months
Annual fee
(Waived)
Monthly
interest fee
after months
Required deposit
Rewards
Earn points on each dollar you spend

How much do you spend on gas or in gas stations each month? Remember that even if you buy food or other items at a gas station, it will come up as a gas purchase on your cash back credit card statement. Gas
How much do you spend on groceries or in grocery stores each month? Remember that even when you purchase household items at the grocery store, they will show up as a grocery store purchase on your cash back credit card statement. Groceries
How much do you spend in drug stores each month? Remember that it doesn't matter if you pay for prescriptions, cosmetics, toiletries, food or anything else; it'll all show up as drug store purchases on your cash back credit card statement. Pharmacy
point per dollar
Earn 1 mile3 for every $1 spent on eligible grocery, gas, and drugstore purchases made with the Card (capped annually on the first $80,000 across these categories)

How much do you spend on everything else that doesn't fit into one of the other categories? Bus passes, cab fares, online shopping purchases, etc. are just a few examples of things that would show up as "other" purchases on your cash back credit card statement. Other purchases
point per dollar
Earn 1 mile4 for every $1.50 spent on all other purchases made with the Card
Calculator
Monthly spending by category

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First year rewards (up to)
First year rewards (up to)
For a limited time, you will receive a promotional offer from Ratehub.ca if your application is approved. Terms and conditions apply. Click here for details. Gift card
Some credit cards come with a spending bonus, which is given to the card holder after they complete a condition, such as making their first card purchase. The spending bonus may be in the form of points, cash, free merchandise, etc. Spending bonus
To find out how we determined the value of this point, click on the "Redeeming Points" tab and view the PDF to see the exact calculations. Value per 1pt
This is the dollar amount all your rewards will add up to. Total value
Some credit cards come with an anniversary bonus, to provide more incentive for people to continue using the card for multiple years. The anniversary bonus may be in the form of points, cash, free merchandise, etc, and is given to the card holder every year on the anniversary. Anniversary bonus
Based on the amount of spending you do each month, our tool determines how much you'll spend on an annual basis and calculates the potential rewards you could earn for doing so. Spending reward
Bills
Entertainment
Gas
Groceries
Other purchases
Pharmacy
Restaurants
Travel
This is the total number of rewards points you could earn in one year, based on the credit card's sign-up bonus and the amount you could potentially spend on the card. Total points
To find out how we determined the value of this point, click on the "Redeeming Points" tab and view the PDF to see the exact calculations. Value per 1pt
This is the dollar amount all your rewards will add up to. Total value
This is the annual fee you have to pay, in order to use this credit card. The annual fee is charged once per year and is added to your credit card statement. Annual fee
Total net reward
Redeem

Value of an Aeroplan Mile


The average dollar value of an individual Aeroplan Reward Point is $0.0120. To see how we calculated this, click here.

How to Redeem your Aeroplan Reward Points


Step by Step Guide


  • If you DO NOT have an online Aeroplan account and don’t know your Aeroplan number, call CIBC, TD or American Express (your credit card provider), give them your credit card number and they will give you your 9-digit Aeroplan number.
  • Once you have your Aeroplan number, you can create an account at aeroplan.com and login to redeem your miles.
  • If you DO have an online Aeroplan account, you can skip the first step and login at aeroplan.com.
  • To book a flight, select your travel dates, departure airport and destination.
  • Available flights are displayed with the amount of miles required to book. These amounts do not include taxes, fees and surcharges, which can range from $150 (for domestic flights) to greater than $700 (for Europe or Australia).
  • To redeem miles for a flight, you need to have at least 50% of the required miles; the remaining miles can be purchased by credit card.
  • While less popular, miles can be also be redeemed for hotels, car rentals, merchandise and activities.
Insurance
Benefits

If you book a trip using your credit card, it may come with some amount of trip cancellation, trip interruption and/or emergency medical insurance, all of which can help you if you find yourself in some very tough situations. Here's what your credit card comes with. Travel
Flight delay

While you're travelling, there's always a chance that your bag may be lost or go missing for a period of time. In the event that happens to you, here's what you're covered for. Baggage
Baggage loss
Baggage delay

If you use your credit card to rent a car, you will likely have some amount of collision and damage insurance. Collision and damage insurance protects you, the cardholder, in the event that a rental car is damaged and/or in an accident, while it's in your possession. Read the fine print in your agreement, before you rent your next car. Rental
Car rental collision / loss damage waiver

Miscellaneous insurance items for purchases on your credit card. Miscellaneous
  • Zero liability
  • Extended warranty
  • Purchase assurance
Reviews
Ratehub's review
By Jordan Lavin November 13, 2019

TD Aeroplan Visa Platinum Card: Review


In a nutshell: The TD Aeroplan Visa Platinum is a more attainable version of its popular big brother, the TD Aeroplan Visa Infinite. It comes with a lower annual fee, no income requirements, and inevitably, some compromises.

The Pros

  • While most travel credit cards come with a $120 annual fee, the TD Aeroplan Visa Platinum’s fee is considerably lower at $89. Plus, it’s waived for the first year.
  • As a new cardholder, you’ll get 10,000 bonus Aeroplan miles just for making your first purchase on the card.
  • Earn Aeroplan miles on all your spending (1 mile per $1 spent on groceries, gas, and at drugstores, and 1 mile per $1.5 spent on everything else).
  • For a limited time, you’ll pocket 5X the miles on all your everyday purchases for the first three months.
  • You won’t need to meet a specific income requirement to get approved, which is a win considering many other premium rewards cards (including several Aeroplan Cards) require an income of at least $60,000.
  • The card comes with four types of travel insurance, including common carrier accident coverage, delayed/lost baggage insurance, flight delay insurance, and rental car insurance.
  • You can get up to 10% off on car rentals at eligible Avis and Budget locations.

The Cons

  • While the TD Aeroplan Visa Platinum has a lower annual fee, you’ll earn fewer miles per dollar and a smaller welcome bonus when compared to other Aeroplan Cards.
  • The card doesn’t come with travel emergency or trip interruption insurance, which would otherwise cover medical costs incurred while abroad.
  • When redeeming Aeroplan miles for travel, you can’t book flights on every airline and must use Air Canada or the other 26 eligible Star Alliance partner airlines.
Aeroplan gets lots of attention for being one of the largest frequent flyer programs in Canada. And, odds are, if you've set your sights on a co-branded Aeroplan credit card to help you earn miles on your everyday purchases, you're considering one from TD. The bank most synonymous with Aeroplan, TD offers three Aeroplan Visa Credit Cards.

The TD Aeroplan Visa Platinum is TD’s entry-level Aeroplan Card and stands out for two big reasons. First, it has an annual fee that’s below the usual $120. Second, it has no income requirement - making it an attractive option if you want to earn Aeroplan rewards but don’t meet the qualification criteria of other cards. Those benefits do come with trade-offs though.

Read on to learn more about the TD Aeroplan Visa Platinum and to find out if this card is right for you.

Sign-up bonus



Matching many other credit card offers, the TD Aeroplan Visa Platinum card offers a rebate on the annual fee in the first year saving you $89.

You can also earn up to 25,000 bonus Aeroplan Miles in the first year – enough for one long haul round-trip flight. The points bonus comes in two different tiers.

The easiest bonus to get is a 10,000-point reward just for making your first purchase on the card.

Secondally, new cardholders earn 5X the Aeroplan Miles on purchases in the first three months, up to 15,000 miles. That's a lucrative offer that'll earn you between 5 and 3.35 miles per dollar. Keep in mind though, the 5X miles offer only applies to the initial $1,000 in purchases you make per month.

Note these sign-up bonuses are currently advertised until March 2nd, 2020 – they may or may not change after that.

Earning and redeeming miles



The TD Aeroplan Visa Platinum Card offers one point per dollar on eligible grocery, gas, and pharmacy purchases. For all other categories, you’ll earn one point per every $1.50 you spend. You can also earn double miles when you shop from Aeroplan partner retailers and Aeroplan’s online store.

That’s far less generous than this card’s big brother, the TD Aeroplan Visa Infinite, which offers more miles per dollar and an additional bonus spending category (aircanada.com purchases). In fact, you can rack up to 50% more miles on your everyday purchases with the TD Aeroplan Visa Infinite versus the Platinum card. So, if you qualify for the TD Aeroplan Visa Infinite (which has a $60,000 minimum income requirement), it could really make more financial sense to choose the Infinite over the Privilege.

Miles Per $1 Spent
TD Aeroplan Platinum TD Aeroplan Infinite
Groceries 1 mile 1.5 miles
Gas 1 mile 1.5 miles
Pharmacy 1 mile 1.5 miles
Aircanada.com purchases 0.67 miles 1.5 miles
Everything Else 0.67 miles 1 mile


Value of Aeroplan miles



The value of Aeroplan miles aren’t fixed, and the value of 1 mile will vary depending on your flight destination. That said, Ratehub has calculated the value of an Aeroplan mile to be $0.012 on average, after accounting for taxes and fees. Generally, we’ve found that you can get better value from an Aeroplan mile when booking long-haul flights within North America, such as Toronto to Vancouver, or to South America or Australia. You’ll get worse value from Aeroplan miles with shorter trips and travel to Europe and Africa (for more on the value of Aeroplan miles, click here ).

Aeroplan miles are fairly easy to redeem, although they can only be applied to travel with Air Canada and Star Alliance airlines, and points have to be used at the time of purchase (you can’t retroactively apply points to travel you’ve bought). You can also redeem Aeroplan miles for merchandise, but your points will take you much further (literally and figuratively) if you use them for travel, where they carry a higher value.

Fees, interest rates and income requirements



Where the TD Aeroplan Visa Platinum card doesn’t shine when it comes to earning points, it is far more accessible than other travel rewards cards. With no minimum income requirement, this card might be a suitable alternative if you don’t meet the $60,000 annual income requirement for the TD Aeroplan Visa Infinite.

The annual fee of $89 is the lowest among TD’s Aeroplan credit cards, and among the lowest of any travel credit card with an annual fee. The fee is waived in your first year.
When it comes to interest rates, the TD Aeroplan Visa Platinum card charges 19.99% on purchases and 22.99% on cash advances - which is pretty much the standard as far as rewards cards go.

Travel insurance (and other perks)



While the TD Aeroplan Visa Platinum card offers some insurance coverage, its below-average when compared with many other travel credit cards with an annual fee.

Included are auto rental collision coverage, delayed and lost baggage coverage up to $1,000, travel delay insurance up to $500 that kicks in after delays of 4 hours or more, and common carrier travel accident insurance.

You will also get some perks when you book travel on Air Canada using your miles. These include complimentary first checked bag, priority boarding, and a one-time annual access to the Maple Leaf lounge.

Notably lacking though are trip cancellation/interruption and travel medical emergency. A significant medical emergency could cost you six figures when travelling internationally, so you will need to find this coverage elsewhere when booking travel with this card.
Insurance Coverage
Travel medical emergency None
Common carrier travel accident Up to $500,000
Flight delay $500 after (4 hours)
Trip cancellation / interruption None
Delayed and lost baggage Up to $1,000 (after 6 hours)
Car rental insurance Up 48 consecutive days
Also absent are other perks you tend to find with travel rewards credit cards. There are no hotel offers or Visa Infinite perks. The only other perks to speak of are a discount on Budget and Avis rental cars, purchase security and extended warranty protection.

Conclusion



The TD Aeroplan Visa Platinum card offers entry-level access to Aeroplan rewards, which can make for a great fit if you regularly fly on Air Canada, are set on earning Aeroplan miles, or you don’t meet the income requirement of other Aeroplan cards. But, if you have the income to qualify (at least $60,000), the TD Aeroplan Visa Infinite is arguably the best Aeroplan credit card in Canada and should really be your go-to since it offers more rewards, a stronger sign-up bonus, and better travel insurance coverage for only $30 more per year.

To find the right credit card for your particular income and spending habits, try out personalized credit card finder.


Legal

Card details


Network: VISA
Provider: TD
Card type: Rewards

Fees & interest


This is the annual fee you have to pay, in order to use this credit card. The annual fee is charged once per year and is added to your credit card statement. Annual fee: $89
This is the annual interest rate you will pay on purchases, if/when you can't pay off the entire balance by the payment due date outlined on your credit card statement. Purchase interest rate: 19.99%
This is the interest rate you will pay on cash advances. Unlike regular purchases, which come with a grace period, interest on cash advances starts to accrue the day you complete the transaction. Cash advance: 22.99%
This is the interest rate you will pay on balance transfers. Unlike regular purchases, which come with a grace period, interest on balance transfers starts to accrue the day you complete the transaction. Balance transfer: N/A

Eligibility


This is the annual income requirement to be eligible for this credit card. Income: Any amount
This is the total annual family income requirement to be eligible for this credit card. Only applicable if the applicant does not meet the annual income requirement themselves. Household income: Any amount
  • Be a permanent Canadian resident
  • Have reached the age of majority in the province in which you live (18 yrs in AB, MB, ON, PE, QC, SK. 19 yrs all others)