I recently received an email from Aeroplan regarding the TD Aeroplan Visa Signature card. TD is “America’s most convenient bank,” but is a subsidiary of Canadian Toronto-Dominion Bank. This offer is not a targeted offer and so anyone can get this bonus.
Here are the terms of the offer:
- Earn 25,000 bonus miles when you spend $1,000 on net purchases in the first three billing cycles after account opening
- Earn 2X Aeroplan Miles per $1 spent on Air Canada net purchases
- Earn 1 Aeroplan Mile per $1 spent on all other net purchases
- Annual fee waived for first year, then $95 each year thereafter
- Your Aeroplan Miles will not expire as long as you are a TD Aeroplan Credit Cardholder
- Aeroplan Miles can be redeemed for a wide choice of travel, entertainment, merchandise and gift card reward options
- Enjoy exclusive Visa Signature benefits such as complimentary 24/7 concierge service, access to events, special shopping perks and more
- The only U.S. Aeroplan affiliated credit card that lets you earn Aeroplan Miles every time you use your card
My thoughts:
I am considering applying for this card with my next round of applications, mostly because it’s from a bank other than Chase, American Express, US Bank, Barclays etc. I already have enough cards from these banks, but none from TD Bank.
The first year fee is waived, and you could always cancel the card after the first year, which is probably what I will do. The minimum spend is very low at only $1000, so that should be pretty easy.
Although the bonus is not as high as what I have become accustomed to such 50,000 or 100,000 mile offers, it’s still 25,000 miles in a Star Alliance program. 25,000 Aeroplan miles can easily be redeemed for an economy flight from US to Canada, easily giving a redemption value greater than 2 cents per mile. Thus, this 25,000 mile bonus is easily worth greater than $500.
Don’t forget that Air Canada allows one-way redemptions for half the price of a round trip. So, you could use this for 2 one-ways between the US and Canada as well.
In addition, Air Canada also offers short-haul awards, 7.5K one-way and 15K round trip.
You can always use the miles to top off your Aeroplan account for another award you have been considering. Don’t forget Aeroplan is a Membership Rewards partner. Check out the Aeroplan award chart for full redemption options.