TD Aeroplan Visa Platinum Card Review

The TD Aeroplan Visa Platinum Card is a mid-level card that comes with an annual fee of $89. Earn 1 Aeroplan Point for every $1 you spend on gas, groceries and Air Canada purchases as well as 1 point for every $1.50 you spend on everything else. This card comes with a welcome bonus and extended travel benefits such as baggage and flight delay, hotel burglary and car rental insurance.

30-second take

• Think about this card if you collect Aeroplan points and want basic travel benefits.

• Choose something else if you’d rather get cashback or don’t want to pay an annual fee.

• The TD Aeroplan Visa Platinum comes with no minimum annual income requirements.

The Basics

If you’re a frequent flyer and want to maximize your Aeroplan points, then the TD Aeroplan Visa Platinum Card could be just the ticket.

• Decent return on points. Earn 1 Aeroplan Point for every $1 you spend on gas, groceries and Air Canada purchases as well as 1 point for every $1.50 you spend on everything else.
• Earn 2x the Aeroplan points. Earn twice the points by showing your Aeroplan membership when you make purchases with Aeroplan partners.
• Welcome bonus. Earn up to 20,000 Aeroplan points. Plus, get the first year annual fee waived.
• Basic benefits. Take advantage of basic insurance such as purchase protection and extended warranty coverage when you buy consumer goods with your card.
• Travel insurance. Get travel insurance such as common carrier, baggage and flight delay, hotel burglary and car rental insurance.
• Mobile device insurance. Enjoy protection for your mobile phone in the event that it gets lost, stolen or damaged within the period of coverage (some conditions apply).

The perks

• Car rental discounts. Get discounts with Avis and Budget along with car rental insurance for up to 48 days.
• Common carrier insurance. $500,000 Common Carrier Travel Accident Insurance (such as a bus, ferry, plane or train).
• Emergency travel assistance services. Call TD’s toll-free access to help in the event of a personal emergency while travelling.
• Optional insurance. Pay a small fee to add optional benefits such as travel medical, balance protection or roadside assistance.
• Fraud proof. Get instant alerts for suspicious activity on your account and protect your online payments with Visa Secure.
• Easy to qualify. There are no minimum annual personal or household income requirements to apply for this card.

What to watch out for

• Mid-level fee. This card comes with an annual fee of $89.
• High interest. You’ll pay 21.99% interest for purchases and 22.99% for cash advances when you hold an outstanding balance.
• No cashback. You won’t be able to earn cashback and your points will be locked into Aeroplan’s reward program.
• No travel medical. This card doesn’t offer travel medical when you leave your province, which means you’ll need to take out third-party insurance.
• Limited travel perks. You won’t get special travel perks such as lounge access, priority airport service or free checked baggage when you sign up.
• Fee for additional cards. You’ll have to pay $35 for every extra card you add to your account.

TD Aeroplan Visa Platinum Card interest rates

What should I know before I apply?

Eligibility requirements

To apply for a TD Aeroplan Visa Platinum, you need to meet the following criteria:

• Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces)

You will also need to provide the following documents and information:

• Your name, residential status and contact information
• Your Social Insurance Number and date of birth
• Your email address and phone number

How to apply

1. Visit TD’s main page to access the TD Aeroplan Visa Platinum application.
2. Complete the application, which includes providing your name, email address, Social Insurance Number and birth date.
3. Review and submit your application.

Bottom line

The TD Aeroplan Visa Platinum Card is for frequent flyers and Aeroplan members. It allows you to collect double the Aeroplan points on eligible purchases and comes with a welcome offer, basic travel insurance and other perks like car rental coverage, common carrier insurance and purchase protection.

Frequently asked questions about the TD Aeroplan Visa Platinum

• Does the TD Aeroplan Visa Platinum Card come with a welcome offer?

  Earn up to 20,000 Aeroplan points. Plus, get the first year annual fee waived

• How many Aeroplan points could I earn in the first year?

  It depends on how much you spend. If you spend $2,000 per month on gas and groceries, you could earn up to 34,000 Aeroplan points in your first year, in addition to your welcome bonus.
  For $5,000 per month spent in the same categories, you could get up to 70,000 points.

• What can I redeem my points for?

  You can use your points for travel, merchandise, gift cards and more (but you can’t exchange them for cashback).

• Will my Aeroplan points expire?

  No. As long as you keep your credit card active, your Aeroplan points won’t expire. Your points will only expire if you haven’t earned, redeemed, donated or transferred any points in 18 consecutive months.

• Does this card come with travel insurance?

  Yes. You can take advantage of an array of TD Aeroplan Visa Platinum travel insurance products. These include common carrier, baggage and flight delay, hotel burglary, and car rental insurance.

• Can I take advantage of rental car insurance with this card?

  Definitely! You can take advantage of 48 consecutive days of Aeroplan Visa Platinum car rental insurance when you sign up for this card. You just need to make sure to turn down the insurance offered by the car rental company to qualify for the coverage on your card.

• Can I apply online?

  Yes, you can apply by visiting the TD bank website.

Picture : td.com/ca

Written by

Claire Horwood

Associate editor

Add to Preferred Sources

Claire Horwood was a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee. See full bio

Claire's expertise

Claire has written 239 Finder guides across topics including:

• Banking
• Personal Loans
• Car Loans
• Business Loans
• Credit Cards