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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

Product NameTD Aeroplan™ Visa Signature® Credit Card
Card typeVisa
Annual fee$0 intro annual fee for the first year ($95 thereafter)
Purchase APR15.99%, 20.99% or 24.99% variable
Balance transfer APR15.99%, 20.99% or 24.99% variable
Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate27.24% variable
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $37
Returned payment feeUp to $37

Expert review

Kevin Joey Chen

Review by


Kevin Joey Chen is a credit cards, banking and investments writer who has written nearly 500 Finder articles. He's passionate about helping you get your finances in order and expertly navigate the cutting-edge financial tools available -- 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.

Another travel rewards card

American Express® Green Card

  • Receive up to $100 in statement credits towards any eligible purchase made directly with Away in your first 3 months. Offer ends 1/15/2020.
  • Plus, earn 30,000 Membership Rewards® points after you spend $2,000 on purchases on your new card in your first 3 months.
  • Earn 3x Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours.
  • Earn 3x Membership Rewards® points at restaurants worldwide.
  • Receive up to $100 per year in statement credits when you use the American Express® Green Card to pay for your CLEAR® membership.
  • Receive up to $100 in statement credits per year on your LoungeBuddy purchases. Use the American Express® Green Card to purchase lounge access through LoungeBuddy to any of the lounges in the LoungeBuddy network — no memberships, elite statuses, or first class tickets required.
  • No foreign transaction fees.
  • $150 annual fee.
  • Terms apply.
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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
30,000 miles after spending $1,000 in the first 3 months, plus $50 when you make a Delta purchase in the same timeframe
2x miles on Delta purchases and 1x miles on all other purchases
$0 intro annual fee for the first year ($95 thereafter)
Earn 30,000 miles after spending $1,000 in the first 3 months, plus $50 when you make a direct Delta purchase in the same timeframe. Rates & fees
40,000 miles after spending $2,000 in the first 3 months plus 25,000 miles after spending $10,000 in the first 6 months
2x miles at restaurants, hotels and United and 1x miles on all other purchases
$0 intro 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 25,000 miles after spending $10,000 in the first 6 months.
40,000 points after spending $1,000 in the first 3 months
2x points on Southwest Airlines and 1x points on all other purchases
$99
Earn 40,000 bonus points after you spend $1,000 on purchases in the first 3 months.
40,000 miles after first purchase, plus 20,000 miles after spending $1,000 in the first 90 days with promo code SB4060 (Worth over $1,000)
3x miles on Avianca, 2x miles on gas and groceries, 1x miles on all other purchases and 15% Multiply Your Miles discount
$149
Get a signup bonus worth over $1,000. Earn 40,000 bonus LifeMiles after first purchase, plus 20,000 miles after spending $1,000 in the first 90 days with promo code SB4060
20,000 miles after first purchase, plus 20,000 miles after spending $1,000 in the first 90 days with promo code SB4060
2x miles on Avianca, 1x miles on all other purchases and 15% Multiply Your Miles discount
$59
Earn 20,000 bonus LifeMiles after first purchase, plus 20,000 miles after spending $1,000 in the first 90 days with promo code SB4060.

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

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