Comparing Aeroplan Credit Cards – TD, CIBC, American Express

Comparing Aeroplan Credit Cards - TD, CIBC, American Express - Which is Best?

Last updated on September 25, 2018 Views: 3725 Comments: 0

Aeroplan credit cards are a popular pick among Canadians, especially those who are frequent flyers. But which Aeroplan credit card offers the best value? Which is best suited to your specific needs? This GreedyRates Aeroplan credit card comparison guide will answer those questions and help you choose the best Aeroplan card for your lifestyle.

READ MORE on Travel Loyalty Programs: Compare Aeroplan vs Air Miles vs Avion

Aeroplan Credit Cards Canada 2018

So why choose an Aeroplan card? Aeroplan has multiple credit card partners making it easy to earn Aeroplan points. Then, when you are ready, you can use your Aeroplan points to book flights with Air Canada and Star Alliance members. Alternatively, you can use your points to redeem merchandise or gift cards. Learn more from the Aeroplan section in our Loyalty Bible.

Below is a quick comparison of the sign-up bonus, annual fee, point accumulation and travel insurance offered by some of the Aeroplan credit cards currently on the market. Although not officially Aeroplan credit cards, we have included a few American Express credit cards because they allow you to transfer your Amex Membership Rewards points to Aeroplan at a 1:1 ratio. This gives cardholders significant flexibility to book through Aeroplan or Amex at their own discretion.

Aeroplan Credit CardWelcome BonusAnnual FeeMin. IncomeVisit Site
American Express Gold Rewards Card25000 Points$150$0Learn More
American Express Platinum Rewards Card50000 Points$699$Learn More
Starwood Preferred Guest from American Express50000 Points$120$Learn More
TD Aeroplan Visa Infinite® Card15000 Miles$120$60000Learn More
CIBC Aerogold® Visa Infinite*15000 Miles$120$60000Learn More
CIBC Aero Platinum™ Visa* Card5000 Miles$39
$15,000Learn More

As you will notice in the above chart, American Express cards offer the best deal in terms of signup bonuses after you convert your points to Aeroplan points. For example, those 25,000 points are enough to get a roundtrip flight to anywhere in the continental US and Canada. As for the 50,000 points; those can get you a roundtrip flight to Hawaii, Central America, or Mexico.

That being said, it’s up to you to determine the best Aeroplan credit card for your needs and lifestyle. To help with your decision, here is a breakdown of the different card options and issuers for Aeroplan Canada. None of these Aeroplan cards offers the first year free, however the signup bonuses more than make up for it.

American Express Aeroplan

At this time, there are three American Express options that allow for the points to be transferred to Aeroplan. These credit cards offer some incredible signup bonuses and additional benefits that are perfect for travellers. Here is what you need to know about American Express Aeroplan credit cards.

American Express Gold Rewards CardAmerican Express Gold Rewards

Eligibility Criteria:
– Credit score required: 
fair_good
– Min personal income required: $0
– Annual fees: $150

The American Express Gold Rewards Card is a popular pick for Canadians and has a number of advantages.

To start with, the Aeroplan sign-up bonus for this credit card is 25000 points after you convert your Membership Rewards points. To qualify for the bonus, you must have a minimum spend of $1500 in the first 3 months of card membership. There is an annual fee of $150, but there is no minimum income threshold to apply.

The card gives you 2 points for every $1 spent on travel and travel-related purchases. This includes flights, hotels, cruises, car rentals, and more, making this a great card for both travel redemption as well as travel earning.

In terms of non-travel related expenses, the American Express Gold Rewards card offers 2 points per $1 spent on gas, grocery, or drugstore expenses and 1 point per $1 dollar spent on all other purchases.

Click here to apply for the American Express Gold Rewards card


American Express Platinum CardAmerican Express Platinum Card

Eligibility Criteria:
– Credit score required: 
good_excellent
– Min personal income required: $
– Annual fees: $699

The American Express Platinum Card is another great choice for travelling Canadians. The welcome bonus for this card is 50000 points after you charge $3,000 dollars within the first three months of card membership.

The annual fee for the Amex Platinum card is $699, which is quite hefty in comparison to the American Express Gold Rewards Card, however, it does come with some great perks that may be of interest if you’re a frequent traveller. Some of these incentives include hotel discounts, status upgrades in several hotel programs, a Priority Pass airport lounge membership with unlimited visits, 10 different types of travel insurance coverage, and an annual travel credit of $200. With all these perks, this might be the best Aeroplan bonus card on the market.

Finally, cardholders will get 1.25 points for every $1 spent. While this is lower than the rate given for some categories by American Express Gold Rewards Card, you earn a higher base rate on all purchases. You can also earn a 15,000-point bonus whenever Amex approves a friend that you referred to the card.

Click here to learn more on the American Express Platinum card


The Starwood Preferred Guest Credit Card from American ExpressStarwood Preferred Guest from American Express

Eligibility Criteria:
– Credit score required: 
good_excellent
– Min personal income required: $
– Annual fees: $120

A third option for American Express Aeroplan cards is the Starwood Preferred Guest card from American Express (SPG). This is a great choice for frequent travellers who are big fans of SPG and Marriott Rewards, since the programs have now formally merged.

Unlike the other American Express cards listed in this Aeroplan comparison guide, which transfer at 1:1, SPG points are transferred at 3:1. However, if you transfer 60,000 SPG points then you will receive a 5,000 bonus (25% extra) Aeroplan miles for free.

The card offers a 50000-point welcome bonus with a minimum spend of $1,500 in the first 3 months of being a cardholder and an annual fee of $120. However, there are a number of additional travel incentives that makes this card a great pick, including travel insurance and an annual free night award. Cardholders will also receive 5 points for every $1 spent on eligible purchases at participating SPG and Marriott Rewards properties and 2 points per $1 spent on all other purchases.

Click here to learn more on the Starwood Preferred Guest from American Express

Aeroplan Visa

There are three Aeroplan Visa options that we recommend. These Aeroplan credit cards don’t offer as many welcome miles as the American Express cards, however, the Aeroplan Visa cards do have some great travel benefits. Plus, Aeroplan Visa credit cards offer the possibility to ‘earn miles twice’ with Aeroplan partners making it easy to get more points fast. Here is what you need to know about the Aeroplan Visa cards.

TD Aeroplan Infinite VisaTD Aeroplan Visa Infinite® Card

Eligibility Criteria:
– Credit score required: 
good_excellent
– Min personal income required: $60000
– Annual fees: $120

New cardholders who sign up for this TD Aeroplan Visa will receive 15000 Aeroplan miles upon making their first purchase. There is an annual fee of $120, however, this Aeroplan credit card comes with some great travel incentives including travel insurance, discounts at AVIS and Budget car rental locations, access to exclusive food and wine events, and hotel benefits that are only available to Visa Infinite members.

The earning rate for the TD Aeroplan Visa Infinite® is 1.5 miles for every $1 spent on grocery, gas, drugstore and aircanada.com purchases. All other purchases will receive 1 mile per $1 spent.

Click here to apply for the TD Aeroplan Visa Infinite® card


CIBC Aerogold Visa Infinite CardCIBC Aerogold® Visa Infinite*

Eligibility Criteria:
– Credit score required: 
Fair_Good
– Min personal income required: $60,000
– Annual fees: $120

The CIBC Aerogold® Visa Infinite* offers the same perks as the TD Aeroplan Visa Infinite®: a welcome bonus of 15,000 miles upon the first purchase and an earning rate of 1.5 miles for every $1 spent on gas, grocery, drugstore, and aircanada.com purchases or 1 mile for every $1 spent on all other purchases. This CIBC Aeroplan card comes with a $120 annual fee, similar travel insurance compared to the TD card, and identical Visa Infinite® perks.

Remember, you don’t need to bank with CIBC to apply for their credit cards. By applying for multiple Aeroplan credit cards with different banks, you can earn a ton of points quickly from the signup bonuses.

Click here to apply for the CIBC Aerogold® Visa Infinite* Card


CIBC Aero Platinum Visa CardCIBC Aero Platinum Visa* Card

Eligibility Criteria:
– Credit score required: 
Fair_Good
– Min personal income required: $60,000
– Annual fees: $120

The second option for a CIBC Aeroplan credit card is the CIBC Aero Platinum Visa* Card. This Aeroplan visa card has a relatively low welcome bonus (5000 Aeroplan miles), however, it also comes with a lower annual fee of only $39 per year. The earning rate is also lower at 1 mile for every $1.50 spent. The minimum household requirement to apply for this credit card is only $15,000, making it a great pick for students or young people looking for their first credit card.

Click here to apply for the CIBC Aero Platinum Visa* Card

Aeroplan Mastercard

At this time, there is currently no Aeroplan Mastercard available on the market. Should this change, GreedyRates will update its users as to any available options.

The Future of the Aeroplan Cards

Aeroplan has been going through a number of changes since 2017.  Despite these changes Aeroplan cards still remain some of the best credit cards out there for Canadian frequent flyers and travel enthusiasts. At the time this article was written, Air Canada has placed a bid to purchase Aeroplan after leaving the program only a year ago. It is expected that everything will be ‘business as usual’ and GreedyRates will continue to update users as Air Canada’s new ownership of Aeroplan evolves.

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