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TD Aeroplan™ Visa Signature® Credit Card review

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.
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Kevin Joey Chen
Last Updated

2x miles on Air Canada and 1x miles on other purchases

Rewards

$0 intro annual fee for the first year ($95 thereafter)

Annual fee

15.99%, 20.99% or 24.99% variable

Purchase APR

670

Minimum Credit Score

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
Minimum Credit Score670
IssuerVisa
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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.

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100,000 miles after you spend $10,000 in your first 6 months of account opening
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Delta SkyMiles® Blue American Express Card
Delta SkyMiles® Blue American Express Card
10,000 miles after spending $500 in the first 3 months
2x miles at restaurants and on direct Delta purchases and 1x miles on other eligible purchases
$0
Earn 2x miles on Delta purchases and dining with this simple, entry-level Delta card, and pay no annual fee. Terms apply, see rates & fees
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Delta SkyMiles® Gold American Express Card
Delta SkyMiles® Gold American Express Card
40,000 miles after spending $1,000 in your first 3 months.
Plus, earn up to $50 back in statement credits for eligible purchases at U.S. restaurants with your card within the first 3 months of membership.
2x miles on Delta purchases, restaurants and at US supermarkets and 1x miles on other eligible purchases
$0 intro annual fee for the first year ($99 thereafter)
Earn 40,000 bonus miles after you spend $1,000 in purchases on your new card in your first 3 months. 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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