TD Aeroplan Visa Platinum Review 2025

• Earn up to $500 in value† including up to 20,000 Aeroplan points† and no annual fee for the first year. Conditions Apply. Offer effective as of January 7, 2025.
  • Earn a welcome bonus of 10,000 Aeroplan points when you make your first Purchase with your new Card†
  • Earn an additional 10,000 Aeroplan points when you spend $1,000 within 90 days of Account opening†.
  • Get an annual fee rebate for the first year†
• To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders while the offer is in effect.
• This offer is not available to residents of Quebec.
• ^† Terms and conditions apply.

The TD Aeroplan Visa Platinum is a mid-priced travel rewards card that’s ideal for someone who doesn’t want to pay a high annual fee (or doesn’t meet the steeper income requirements needed for a Visa Infinite card) but still wants to earn Aeroplan points and have access to some solid perks.

The card has an annual fee of $89 (which is rebated for the first year) and supplementary cards are $35 each. You’ll earn 1 Aeroplan point for every $1 you spend on gas, groceries and Air Canada purchases (including Air Canada Vacations). Unfortunately, you’ll only get 1 point for every $1.50 spent on everything else. You can earn additional points by shopping with Aeroplan partners, on the Aeroplan eStore and if you link your card with your Starbucks Rewards account.

Because it’s an Aeroplan card, you’ll be able to use your points for Air Canada flights and its partner airlines. You can also redeem your points for flights, hotels, gift cards, merchandise and more.

This is a good entry-level card if you want to earn travel rewards, don’t want to pay a higher annual fee and if you don’t qualify for a Visa Infinite card. However, if you can afford to pay a higher annual fee and make at least $60,000 a year, you’ll earn points more quickly with the TD Aeroplan Visa Infinite card and get additional travel benefits.

• $89 annual fee (rebated the first year)†
• Welcome bonus of up to $500 in value† including up to 20,000 Aeroplan points† and no annual fee for the first year. Conditions Apply. Offer effective as of January 7, 2025. This offer is not available to residents of Quebec.
• Earn 1 Aeroplan point for every $1 spent on groceries, gas and Air Canada purchases (including Air Canada Vacations)
• Earn 1 point for every $1.50 spent on everything else

Earning Rewards

The TD Aeroplan Visa Platinum card earns Aeroplan points pretty easily. Here’s a break down of how it earns points:

• Earn 1 point per dollar spent on groceries, gas and Air Canada purchases (including Air Canada Vacations)
• Earn 1 point per every $1.50 spent on everything else
• Earn 50% more Aeroplan points at Starbucks when you link your card with your Starbucks Rewards account
• Earn points twice when you pay with your card and provide your Aeroplan number at over 150 Aeroplan partner brands and at the Aeroplan eStore

You can also earn a significant amount of points the first year when you factor in the welcome bonus and rebates on annual fees for the primary and secondary cardholders.

Redeeming Rewards

To redeem your points, you have to sign in to your Aeroplan account on Air Canada’s website. This is the same for anyone with an Aeroplan credit card and very simple to do. You can redeem your points for the following:

• Flights with Air Canada or its partner airlines
• Upgrades to a higher cabin class
• Car rentals at more than 11,000 locations worldwide
• Hotel stays
• Vacation packages through Air Canada Vacations
• Merchandise
• Gift cards

Rewards Potential

The amount of points you can earn depends upon how often you use the card and whether it’s your main credit card. Receiving 1 Aeroplan point per $1 spent on gas and groceries is low compared to other Aeroplan cards. And it’s even lower on other purchases (1 point per $1.50 spent). You can get more points if you shop through the Aeroplan eStore, but it will take a while to accumulate points.

Based on our analysis of the average spending of Canadians, this card will earn you $360.80 in rewards value annually after the annual fee is factored in.

The TD Aeroplan Visa Platinum card has some major benefits, including:

Travel Insurance Coverage

• Common Carrier Travel Accident Insurance: Up to $500,000 of coverage.
• Flight/Trip Delay Insurance: Up to $500 in coverage per insured person.
• Delayed and Lost Baggage Insurance: Up to $1,000 of coverage per insured person.
• Hotel/Motel Burglary Insurance: Up to $2,500 of coverage per occurrence.
• Auto Rental Collision/Loss Damage Insurance: Coverage for up to 48 consecutive days.
• Emergency Travel Assistance Services: Toll-free services available in the event of an emergency when travelling.

Consumer Insurance Benefits

• Mobile Device Insurance: Get up to $1,000 in the event of loss, theft, damage or breakdown of your mobile device.
• Purchase Security: This will repair, replace or reimburse you if your item is lost, stolen or damaged within 90 days of purchase.
• Extended Warranty Protection: Double the manufacturer’s warranty up to 12 additional months.

Other Perks

• Discounts on Car Rentals: Save at least 10% off the lowest available base rates in Canada and the U.S. and a minimum of 5% off the lowest available base rates internationally at participating Avis and Budget locations.
• Starbucks Rewards: Earn 50% more TD Rewards points at Starbucks when you link your card to your Starbucks Rewards account.

Interest Rates

• Regular APR (Purchases): 20.99%
• Regular APR (Cash Advances): 22.99%

Fees

• Cash Advance: 1% on the amount with a minimum fee of $3.50 and a maximum fee of $10
• Foreign Transaction Fee: 2.5%
• Annual Fee: $89 (Get an annual fee rebate in the first year)†
• Any other fees: $35 for each additional cardholder.

TD® Aeroplan® Visa Platinum* Card vs. TD® Aeroplan® Visa Infinite* Card

When comparing the TD Aeroplan Visa Platinum to the Visa Infinite version, it’s pretty clear which one is the winner. The TD Aeroplan Visa Infinite card includes additional travel benefits such as travel medical insurance, trip cancellation/interruption insurance, an application fee rebate for NEXUS (a program that allows travellers between Canada and the U.S. to cross the border quicker), and free first checked bags with up to eight travel companions.

The Visa Infinite card tends to offer a higher welcome bonus and also offers a potential anniversary bonus. Most of all, you can earn points much more quickly. You get 1.5 points for every $1 spent on gas, groceries and Air Canada purchases with the Infinite Visa compared to 1 point for every $1 spent with the Platinum Visa. And you get 1 point per $1 spent on everything else with the Infinite Visa compared to 1 point per $1.50 spent with the Platinum Visa.

The only catch is that you need an annual income of $60,000 to qualify for the Infinite Visa and the annual fee is $50 higher (at $139) than the Platinum Visa.

TD® Aeroplan® Visa Platinum* Card vs. HSBC World Elite Mastercard

The HSBC World Elite Mastercard is a true travel rewards card. It has no foreign exchange fees and an annual travel enhancement credit of $100. You earn travel rewards points instead of Aeroplan rewards. You get 3% in travel rewards or 6 points per $1 spent for travel, 2% in travel rewards (or 4 points per $1 spent) on gas, groceries and drugstore purchases;,and 1% in travel rewards (or 2 points per $1 spent) on everything else.

Points can be redeemed online for travel, gift cards, merchandise or financial rewards. Although the HSBC rewards and Aeroplan programs are different, the earn rate in some categories are higher than the TD Aeroplan Visa Platinum. That said, the Aeroplan program is a well-known travel rewards program with lots of flexibility, so it depends on your preference in that regard.

TD® Aeroplan® Visa Platinum* Card vs. BMO eclipse Visa Infinite Card

The BMO eclipse Visa Infinite card is more of a lifestyle rewards card than a true travel rewards card. Instead of Aeroplan points, you get BMO Rewards points. You get 5 points for each $1 spent on groceries, takeout and food delivery, dining out, gas, transit and ride shares. On everything else, you earn 1 point per $1 spent.

Points can be redeemed online for travel, merchandise, gift cards or to pay down your bill. While BMO Rewards and Aeroplan are two different programs and not exactly comparable, you do get a better earn rate in some categories with the BMO card.

When determining a rating for individual credit cards, the Forbes Advisor Canada editorial team factors in an exhaustive list of data points. With rewards, the scoring model used takes into account factors such as, but not limited to, rewards rates and categories, fees, welcome bonus, and other benefits and features. Keep in mind what may be best for some people might not be right for you. Conduct informed research before deciding which cards will best help you achieve your financial goals.

This card is good if you’re looking to earn some Aeroplan points, you don’t expect to use them anytime soon, you don’t want to pay a high annual fee, you don’t qualify for a better card and you want some travel insurance coverage.

However, if you don’t plan on using your points for travel or you can qualify for a card that allows you to earn points faster (such as the TD Aeroplan Visa Infinite card), you may want to consider getting a different card.

Related: Best Credit Cards Available Right Now

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