TD Aeroplan™ Visa Signature® review I finder.com

TD Aeroplan™ Visa Signature® Credit Card review

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TD Aeroplan™ Visa Signature® Credit Card

Frequent Air Canada flyers can earn strong rewards.

30-second take

  • Get this card if you’re a frequent Air Canada flyer.
  • Pick something else if you fly occasionally.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameTD Aeroplan™ Visa Signature® Credit Card
Card TypeVisa
Annual Fee$0 annual fee for the first year ($95 thereafter)
APR (Annual Percentage Rate) for Purchases16.24%, 21.24% or 25.24% variable
Introductory Purchase APR

N/A

Balance Transfer APR16.24%, 21.24% or 25.24% variable
Introductory Balance Transfer APR

N/A

Balance Transfer Fee$5 or 3% of the transaction, whichever is greater
Cash Advance Rate27.49% variable
Foreign Transaction FeeNone
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $37
Returned Payment FeeUp to $37
Minimum Age18 years of age
Welcome Offer25,000 miles after spending $1,000 in the first 3 billing cycles
Rewards2x miles on Air Canada® purchases and 1x miles on other purchases
Base Rewards1x miles

The basics

The TD Aeroplan™ Visa Signature® Credit Card can be a good option for frequent Air Canada flyers. On average, Aeroplan miles are worth more than the industry standard. And the card offers an accelerated rewards rate on Air Canada purchases.

There’s an annual fee starting the second year, however. The only way to offset this fee is to use rewards miles since the card doesn’t offer other airline perks such as checked baggage or priority boarding.

If you’re an occasional flyer, you might want to consider a travel credit card with no annual fee.

The perks

  • Annual fee: Waived the first year.
    It reverts to $95 starting your second year.
  • Signup bonus: 25,000 Aeroplan miles.
    Spend $1,000 in eligible purchases within the first 3 billing cycles to earn this bonus. It’s worth up to $400 depending on what you redeem your miles for.
  • Rewards: 2x Aeroplan miles on Air Canada purchases.
    According to our January 2019 valuation, Aeroplan miles are worth an average of 1.6 cents — which means you’re getting a 3.2% rewards rate on Air Canada spending. Earn 1x miles on other eligible net purchases. Redeem miles for flights, hotel stays, car rentals, cruises, vacation packages, merchandise, gift cards, activites, charitable donations and more.

Compare TD Bank credit cards

What to watch out for

  • Annual fee: $95 starting the second year
    This is a common annual fee you’ll find with midtier airline and travel credit cards. You’ll need to earn 5,938 Aeroplan miles to break even on the annual fee.
  • Light on Aeroplan perks.
    You won’t find benefits such as priority boarding or checked baggage, which you’ll get with many competing mid-tier cards.
  • Surcharges on award flights.
    Aeroplan can charge hefty surcharges, especially for international flights. That said, your miles might be worth less than they seem.

Compare similar travel credit cards

Name Product Welcome Offer Rewards Annual Fee
50,000 points after spending $4,000 in the first 3 months
2x points on travel and dining. 1x points on all other purchases
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
30,000 miles after spending $1,000 in the first 3 months and a $50 statement credit after you make a Delta purchase in the first 3 months
2x miles on Delta purchases and 1x miles on all other purchases
$0 annual fee for the first year ($95 thereafter)
30,000 bonus miles after you use your new card to make $1,000 on purchases within the first 3 months. Rates & Fees
10,000 miles after spending $500 in the first 3 months
2x miles at US restaurants and on purchases made directly with Delta and 1x miles on all other purchases
$0
Earn 10,000 bonus miles after spending $500 in purchases on your new card in your first 3 months of card membership. Rates & Fees
$150 after you spend $1,000 on purchases in the first 3 months
2% back on airline tickets purchased from United® and 1.5% on all other purchases
$0
$150 in United TravelBank cash after you spend $1,000 on purchases in the first 3 months from account opening.
40,000 miles after spending $2,000 in the first 3 months, plus a $100 statement credit after your first purchase
2x miles on tickets purchased from United, 2x miles at restaurants, 2x miles on direct hotel purchases and 1x miles on all other purchases
$0 annual fee for the first year ($95 thereafter)
40,000 bonus miles after you spend $2,000 on purchases in the first 3 months from account opening. Plus a $100 statement credit after your first purchase.

Compare up to 4 providers

Bottom line

The TD Aeroplan™ Visa Signature® Credit Card is best for frequent Air Canada flyers. When you spend with the airline, you’ll earn a strong 3.2% rewards rate.

If you fly only occasionally, you might want to consider another travel credit card. On the other hand, you can check out cards with travel credits if you fly more frequently.

Frequently asked questions

Images: td.com

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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