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Saturday, November 7, 2020

The new TD® Aeroplan® Visa Platinum* Card offer is 10,000 Bonus Aeroplan Points and first year annual fee rebate

  


Now onto our fifth post of the night covering the suite of Aeroplan cards and this one looks at the entry level version from TD, the TD® Aeroplan® Visa Platinum* Card

 Recommended reading:

And links to the other consumer card offers revealed today:

The Welcome Bonus

The TD® Aeroplan® Visa Platinum* Card comes with a modest 10,000 point welcome bonus coupled with a first annual fee rebate on the primary card and first additional card. This is 10,000 less then the offer we just saw on this card but this would be expected as you can't have this card's bonus points be more than the Infinite card.

Starbucks bonus - 1 Aeroplan point per $1 spent

There is also a new bonus for Starbucks purchases for ALL TD Aeroplan cards as of today. So if you already have one this one counts for you as well. For the next year Account Cardholders will earn 50% Bonus Aeroplan points for each $1.00 in Purchases charged to the Account at participating Starbucks® locations (the "Starbucks Bonus Aeroplan Point"). All reloads on the Starbucks mobile app and in-store purchases at corporate-owned stores are eligible. In-store purchases at licensed stores are excluded from this offer. This offer runs until November 7, 2021.

Basics of the new card

This card sees the least amount of changes within the portfolio of TD cards. The annual fee for the Primary Card will remain at $89 while additional cards go up slightly from $35 to $39. TD All-Inclusive Account holders will continue to receive a full rebate of the Annual Fee for this card.

The earn rates change ever so slightly on the card as of the November 8 date, the card will now earn 1 Aeroplan point per dollar spent for grocery and gas station purchases as well as Air Canada purchases. The latter is a new addition to the card. It does lose the 1 point per dollar for drug store purchases which will now categorize as all other purchases which all continue to earn 1 Aeroplan point per $1.50 spent on the card. 

Here are some of the new benefits for this card:

  • Preferred Pricing - Holders of these cards will receive discounts when redeeming miles for Aeroplan reward flights
  • Hotel/Motel Burglary Insurance coverage up to $2,500 per occurrence for each Cardholder on the Account and eligible family members travelling with the Cardholder. 
  • Mobile Device Insurance coverage up to $1,000 for eligible mobile devices in the event of loss, theft, accidental damage, or mechanical breakdown.

New 12 month wait period

You'll also notice a major change in the terms and conditions for TD's Aeroplan cards. You now have to wait 12 months to get a TD Aeroplan card after you cancel you previous. This rule used to be 6 months so the cards were some of the better ones to churn in our market. Now you have wait twice as long but at least the option is still there given the fact some other issuers have moved to a once per lifetime welcome bonus.

Final thoughts

This card of is one of two that can be used an entry to Aeroplan if you don't qualify for one of the higher end cards offered in the huge suite of options. The 10,000 points is a mid-level bonus for this type of card but when you couple it with no annual fee in the first year on the primary and additional cards it's not a bad option to get into the points and miles game.

Learn more about and apply for the new TD® Aeroplan® Visa Platinum* Card here




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