TD® Aeroplan® Visa Platinum* Card Review

Annual Fee
Annual Fee Rebate
Sign Up Bonus Points
Conditions Apply, Up to
Purchase APR
Cash Advance Interest Rate
Min Personal Income Required
Recommended Credit Score
740 850 670 739 580 669 0 579
Earn up to 20,000 Aeroplan points plus, first year no Annual Fee. Conditions Apply. Must apply by September 5, 2022.

This offer is not available for residents of Quebec. For Quebec residents, please click here.

TD is one of Aeroplan’s oldest credit card partners and it seems that relationship is set to continue since TD, along with CIBC and Air Canada, formalized an agreement to purchase Aeroplan. This gives a greater sense of stability to the Aeroplan program’s future, so cardholders can continue to earn Aeroplan miles without anxiety about what will happen to the miles’ value down the road.

The TD® Aeroplan® Visa Platinum* Card is TD’s entry-level Aeroplan card, and it may appeal to those who are excluded from upper-tier Aeroplan cards due to restrictive income requirements and prohibitively high annual fees.

At a Glance

  • $89 annual fee (annual fee rebate)
  • Up to 20,000 Aeroplan points bonus, apply by September 5, 2022 (Conditions Apply)
  • Earn 1 Aeroplan mile per $1 spent on eligible grocery, gas and Air Canada® purchases (including Air Canada Vacations®) made with your card
  • Earn 1 Aeroplan mile per $1.50 spent on all other purchases
  • Earn miles twice at participating retailers and the Aeroplan eStore
  • Discounts at participating Avis Rent A Car and Budget Rent A Car
  • Delayed and Lost Baggage Insurance, Flight/Trip Delay Insurance, Common Carrier Travel Accident Insurance, Auto Rental Collision/Loss Damage Insurance

Sign-Up Bonus

Earn up to $500 in value including up to 20,000 Aeroplan points and no annual fee for the first year. Must apply by September 5, 2022.

  • Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card
  • Earn an additional 10,000 Aeroplan points when you spend $1,000 within 90 days of Account opening
  • Plus, get an annual fee rebate for the first year.

To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by September 6, 2022.

Earn Rate

With the TD® Aeroplan® Visa Platinum* Card, you’ll earn 1 Aeroplan mile per $1 spent on eligible grocery, gas and direct through Air Canada® purchases (including Air Canada Vacations®) made with your card. With all other purchases, you need to spend $1.50 to earn one Aeroplan mile.

Admittedly, on the surface the earn rate may not jump out as being spectacular. But you can earn miles twice at participating Aeroplan retailers and the Aeroplan eStore. To do this, all you need to do is present your Aeroplan Membership number and then pay for your purchase with your TD® Aeroplan® Visa Platinum* Card.

Interest Rates

– Standard Purchase APR: 19.99%
– Balance Transfer APR: 22.99%
– Cash Advance APR: 22.99%

How Aeroplan Works

Aeroplan is one of the most popular travel rewards programs in Canada and is the official loyalty program of Air Canada. Since Air Canada is a member of Star Alliance, you can use your points on any of their partner airlines as long as you book your flights through the Aeroplan website or via their customer service line.

When it comes to redeeming your miles, Aeroplan has two options. There’s the fixed mileage option, where it costs a fixed amount of miles to fly to certain zones. For example, it takes 25,000 miles for a round-trip, long-haul flight within Canada and the continental U.S.

The other option is market fare, in which the miles required to redeem a flight are based on supply and demand. Although some routes may cost fewer miles compared to the fixed mileage program, the majority of the time it will cost more miles if you opt for market fare. The only real advantage of market fares is that you get access to any seat that is available.

It’s also worth mentioning that when you use your Aeroplan miles to redeem a flight, many airlines still charge taxes, fees and surcharges which can add up to quite a bit.

Generally speaking, 1 Aeroplan mile has an accepted value of 1.4 CAD cents. You can easily get that value when booking flights within North America and Asia. A one-way, short-haul flight will cost 7,500 Aeroplan miles, so you could fly from Montreal to Newfoundland or Vancouver to Yukon. Alternatively, you could redeem 12,500 Aeroplan miles for a one-way long-haul flight such as Toronto to Los Angeles, which has a value of about $300. Flying to Europe seems to be of low value when you consider how many miles it requires and the additional fees you’ll need to pay.


The major drawback of this card is the travel insurance. Although you get some basic travel insurance included, it’s not very much and it doesn’t even include travel medical. This wouldn’t be a big deal for a card with no annual fee, but you’re paying $89 a year to hold this card.

Is It Worth It?

Despite the drawbacks, the TD® Aeroplan® Visa Platinum* Card is still a good fit for people who want to collect Aeroplan miles but don’t meet the minimum income requirement for some of the more lucrative cards. The sign-up bonus is worth more than the $89 annual fee, and the card is particularly valuable for those who frequently shop with Aeroplan partners.

Terms and conditions apply.

Author Bio

Barry Choi
Barry Choi is a personal finance and travel expert at He has been quoted by media in Canada and the United States, including The Financial Post, The Toronto Star, Business Insider, The Globe and Mail, and has appeared on HuffPost Live. You can follow him on Twitter: @barrychoi