Toward the end of last year, TD acquired Aeroplan branded credit card line from CIBC. Since then, there have been several promotions to push this card to the public, with decently attractively offers. Having owned this card for almost a year, I would say it’s a good card, but whether or not it’s a keeper, that depends on your personal situation. Let’s have a look at what this card offers.
15,000 signup bonus25,000 signup bonus
- 1.5 Aeroplan miles for gas, grocery, drugstores, and AirCanada purchases, 1 mile everywhere else
- 2 for 1 Air Canada shorthaul reward flights
- Air Canada benefits and one lounge access pass on flights redeemed through Aeroplan
- $120 annual fee waived for first year
- Strong insurance package and purchase protection
The rebates for this card is fairly standard at 1 Aeroplan mile per dollar spent, with a 50% bonus for gas, grocery, drugstore and Air Canada purchases. 2 for 1 shorthaul reward flight is really nothing to get excited about either, I haven’t used mine yet, and likely will not be using it in the near future either. Creditwalk has a good article on this benefit (or sucker’s bet) here.
As usual, premium credit cards usually comes with extensive insurance coverage, this card is no exception. See table here for the insurance coverage compared to other popular cards.
In conclusion, while this card is a nice addition to my Aeroplan portfolio, it probably will not be a keeper for everyday transactions. Although the features are decent, it does not stand up to other top travel cards in terms of rebates.