TD Aeroplan Visa Signature Card Review [2024]: Air Canada Rewards, But Few Other Perks

CREDIT CARDS - TRAVEL CREDIT CARDS
Frequent travelers on Air Canada may find value in this airline credit card, but with little to no travel perks, it leaves a lot to be desired.
Updated May 7, 2024
Fact checked

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

This card is no longer offered. Instead, check out the TD First Class℠ Visa Signature® Credit Card.

Fans of Air Canada and TD Bank can earn valuable travel rewards through the TD Aeroplan Visa Signature Card. Beyond travel redemptions, though, this credit card’s benefits are underwhelming. It allows you to earn miles for Air Canada purchases and everyday spending but unlike many other airline-branded credit cards, it doesn’t offer travel perks.

Is adding the TD Aeroplan Visa Signature Card to your wallet a good idea? Read on to find out.

Great Rewards Card for Air Canada Fans

TD Aeroplan Visa Signature Credit Card
3.0

TD Aeroplan Visa Signature Credit Card

Current Offer

Earn 25,000 bonus miles when you spend $1,000 within the first 3 billing cycles

Annual Fee

$95 (waived first year)

Rewards Rate

Earn 2X Aeroplan miles on Air Canada purchases, and 1X on all other purchases

Benefits and Drawbacks
Card Details

Who should get this card?

The TD Aeroplan Visa Signature Card is for travelers who fly Air Canada and its partner airlines regularly. If that’s you, you can earn valuable miles with this card.

If you don’t fly Air Canada or only do so occasionally, you are better off looking elsewhere because there aren’t many perks with the TD Aeroplan Visa Signature Card. It doesn’t offer waived baggage fees, priority boarding, or additional travel perks that come with many other cards.

Plus, other credit cards earn better rewards and have more redemption options. Plenty of cashback cards, including other TD Bank credit cards, earn a higher rewards rate and offer redemptions like statement credits and direct deposits, along with gift cards, shopping, and entertainment.

Card basics

Card Type Travel
Card Issuer TD Bank
Annual fee $95 (waived first year)
Intro bonus Earn 25,000 bonus miles when you spend $1,000 within the first 3 billing cycles
Recommended credit score Excellent, Good
Foreign transaction fee None

Top card benefits

  • Generous welcome offer: You can earn 25,000 bonus miles when you spend $1,000 within the first 3 billing cycles.
  • No annual fee the first year: New TD Aeroplan cardholders don’t need to worry about paying an annual fee right off the bat. The annual fee for this card is $95 (waived first year).
  • No foreign transaction fees: TD Aeroplan Visa can be used almost anywhere in the world without adding fees to any purchases.
  • Visa Zero Liability: As a Visa cardholder, you’re protected against unauthorized charges if your card is lost or stolen.
  • Multiple redemption options: Your Aeroplan miles can be used to book travel, purchase gift cards and other merchandise, and even book various entertainment and activities.

Earning & Redeeming

Best ways to earn

You can earn points with the TD Aeroplan Visa in two ways. First, you’ll earn 2X miles on Air Canada purchases. Air Canada has flights to 210 airports on six continents. Eligible purchases include flights booked directly with Air Canada, as well as other purchases such as lounge access, seat upgrades, and in-flight purchases.

All other purchases on the TD Aeroplan Visa earn 1X miles per dollar spent.

Categories Rewards rate
Air Canada purchases 2X
All other purchases 1X

As a welcome bonus, new cardholders can earn 25,000 bonus miles when you spend $1,000 within the first 3 billing cycles.

Maximizing your redemptions

Travel is the best way to redeem your TD Aeroplan rewards. You can use your miles to travel to more than 1,300 locales around the world through Air Canada and its partner airlines. Miles can also be used to book hotels, rental cars, and vacation packages.

Beyond travel redemptions, there are a few other options for redeeming your Aeroplan miles. You can use them to purchase gift cards and other merchandise, or redeem them for entertainment and activities.

Common Questions

How many TD miles equal a dollar?

The value of Aeroplan miles varies depending on the redemption you choose. As with many other travel cards, you get the most value by redeeming your Aeroplan miles for travel, as opposed to gift cards or merchandise.

Does the TD Aeroplan Visa include travel insurance?

No, the TD Aeroplan Visa doesn’t come with travel insurance perks. Though you can get a quote and purchase travel insurance through Manulife directly on the Aeroplan Rewards website. They offer various types of travel insurance, including travel medical costs, baggage loss, trip cancellation, trip interruption, and travel accidents.

Does the TD Aeroplan Visa cover trip cancellation?

Trip cancellation is not covered under the TD Aeroplan Visa Signature Card. You can purchase trip cancellation insurance through Manulife on the Aeroplan Rewards website, along with other types of travel insurance.

What’s the best way to redeem your TD miles?

The best redemption for your TD Aeroplan miles is to book flights directly through the Aeroplan Rewards website.

Do TD Aeroplan miles expire?

Aeroplan miles never expire as long as your TD Aeroplan credit card is open and in good standing.

Other Cards to Consider

If the TD Aeroplan Visa isn’t the best airline credit card for you, the TD First Class Visa Signature Credit Card might be a better fit. Unlike the TD Aeroplan card, it offers introductory 0% APR on balance transfers for 12 billing cycles (then 18.49% (variable)). With this card, you can also earn 25,000 bonus miles for spending $3,000 within the first 6 billing cycles, worth $250 towards travel and dining purchases. It has no foreign transaction fees and an annual fee of $89 (waived first year). You can also earn 3x first class miles on travel and dining purchases, and 1x on all other purchases.

If you’re looking for an excellent rewards credit card, it's hard to find many that are better than the Capital One Venture Rewards Credit Card. With this card, you can earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening. Plus, cardmembers earn 2 miles per dollar on every purchase, every day, 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25. The Venture Rewards card has an annual fee of $95. Other travel perks include up to $100 credit on Global Entry or TSA Precheck application fees, Travel Assistance Services, MasterRental Insurance, Trip Cancellation/Interruption Coverage, and no foreign transaction fees. 1

Great Rewards Card for Air Canada Fans

TD Aeroplan Visa Signature Credit Card
3.0

TD Aeroplan Visa Signature Credit Card

Why We Like It

Earn 25,000 bonus miles when you spend $1,000 within the first 3 billing cycles

See how these cards compare:

TD First Class℠ Visa Signature® Credit Card
TD First Class℠ Visa Signature® Credit Card
  • Earn 25,000 bonus miles for spending $3,000 within the first 6 billing cycles
  • 3X miles on travel and dining purchases
  • 0% intro APR on balance transfers for first 12 billing cycles, then 18.49% (variable)
  • No foreign transaction fee
Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
  • Earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening
  • 2 miles per dollar on every purchase, every day
  • Up to $100 Global Entry or TSA PreCheck® credit
  • No foreign transaction fees
  • 19.99% - 29.99% (variable) purchase APR
  • Rates and fees

Author Details

Kevin Payne Kevin Payne is a freelance writer specializing in student loans, credit cards, personal finance, and travel. He is a regular contributor to Club Thrifty, Millennial Money, and Student Loan Planner. As the budget and family travel expert behind FamilyMoneyAdventure.com, Kevin recently turned his writing side hustle into his full-time career. He lives in Cleveland, Ohio, with his wife and four kids.

Want to learn how to make an extra $200?

Get proven ways to earn extra cash from your phone, computer, & more with Extra.

You will receive emails from FinanceBuzz.com. Unsubscribe at any time. Privacy Policy

  • Vetted side hustles
  • Exclusive offers to save money daily
  • Expert tips to help manage and escape debt