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TD Aeroplan™ Visa Signature® Credit Card review

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Frequent Air Canada flyers can earn strong rewards.

  • 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.

25,000

Miles as welcome offer

Up to 2x

Miles

$0

Annual fee

for the first year ($95 thereafter)

15.99%, 20.99% or 24.99%

Purchase APR (variable)

Details

Annual fee$0 intro annual fee for the first year ($95 thereafter)
Welcome Offer25,000 miles after spending $6,000 in the first 6 billing cycles
Rewards2x miles on Air Canada and 1x miles on other purchases
Purchase APR15.99%, 20.99% or 24.99% variable
Balance transfer APR15.99%, 20.99% or 24.99% variable
Recommended minimum credit score670
IssuerVisa
Avatar

Review by


Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.

Expert review

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 $6,000 in eligible purchases within the first 6 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 Filter values
Chase Sapphire Preferred® Card
80,000 points after spending $4,000 in the first 3 months, a value of up to $1,000 through Chase Ultimate Rewards. Plus up to $50 statement credit towards groceries
5x points on Lyft, 2x points on up to $1,000 on groceries until April 30, 2021, 2x points on travel and dining and 1x points on all other purchases
$95
Earn a signup bonus worth $1,000 plus up to $50 statement credit towards groceries with this popular travel card.
Chase Sapphire Reserve®
60,000 points after spending $4,000 in the first 3 months, a value of up to $900 through Chase Ultimate Rewards.
10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
$550
Earn a huge signup bonus worth $900 toward travel when redeemed through Chase Ultimate Rewards with Chase’s premier card.
Delta SkyMiles® Gold American Express Card
Earn 40,000 bonus miles after you spend $1,000 in purchases on your new card in your first 3 months, plus up to $50 back in statement credits for eligible purchases at US restaurants in the same timeframe
2x miles on Delta purchases, restaurants and at US supermarkets and 1x miles on all other purchases
$0 intro annual fee for the first year ($99 thereafter)
With a welcome offer worth up to $560, up to 2x miles on select purchases, and assorted Delta perks, this is a strong choice for Delta fans. Terms apply, see rates & fees
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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

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