TD Aeroplan Visa Platinum Card
An entry-level on-ramp to Aeroplan, not a destination card. Most flyers should graduate to the Visa Infinite once the bag perk pays for itself.
- Annual fee
- $89 (Waived first year (current offer). Corrected from a prior 'TD Aeroplan Visa Card' entry: TD's actual no-frills entry tier is the Visa Platinum at $89/year, not a separate $39 no-name product.)
- Welcome bonus value (full offer)
- ≈ $380 Up to 20,000 Aeroplan points (10,000 on first purchase + 10,000 on $1,500/90 days), plus first-year fee rebate; up to $500 in value
- First-year net value
- ≈ $420
- Interest rates
- 21.99% purchases · 22.99% cash advances
Direct issuer link · details verified Oct 4, 2026
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Standard Score breakdown
SituationalSix weighted components, each rated 0–10. “Contributes” is the rating × weight: add all six and you get a raw 5.50/10, published as 5.5/10.
Evidence behind each input
The facts are structured; the rating remains an editorial judgment. Open any component to audit what was considered without mistaking the evidence for an automatic formula.
First-year value5.5/10
The anchor fixes the starting point; the 0.5-point reduction is within the published maximum and makes the reachability judgment visible.
- $420 first-year net value maps to a 6.0/10 baseline.
- Published first-year input: 5.5/10 (-0.5 versus baseline).
- The largest structured year-one offer threshold is $1,500 of spend.
Ongoing value4.5/10
This input judges recurring earn and cash-like credits after the annual fee; the welcome offer and non-cash perks are excluded.
- $89 annual fee.
- Fee condition: Waived first year (current offer). Corrected from a prior 'TD Aeroplan Visa Card' entry: TD's actual no-frills entry tier is the Visa Platinum at $89/year, not a separate $39 no-name product.
- Published earn: 1x: Gas, EV charging, groceries, Air Canada purchases (capped at $80,000/year); 1x per $1.50: Everything else.
- 1 earn row carries an explicit spend cap or threshold.
Flexibility6.0/10
This input judges how easily Aeroplan can become useful value without forcing one narrow redemption path.
- Reward currency: Aeroplan.
- Flexibility evidence: Preferred Aeroplan redemption pricing as a cardholder
Perk usability5.0/10
This input credits non-cash benefits at realistic use, separate from cash-like credits already counted in ongoing value.
- No airport lounge access.
- 1 published insurance benefit: Purchase protection.
Low friction7.5/10
This input combines network acceptance, caps, conditions, eligibility, and operational effort; a higher rating means less friction.
- Visa acceptance; 2.5% foreign-transaction fee.
- No published income minimum.
Strategic fit5.5/10
This input asks whether the card fills a distinct role in a small wallet rather than duplicating another card; redemption quality is not counted again here.
- Ranking roles: aeroplan.
- Fit case: Occasional Air Canada flyers who want to start earning Aeroplan directly before committing to the Visa Infinite's $139 fee.
- Main conflict: You check bags on Air Canada regularly; the TD Aeroplan Visa Infinite's bag perk alone clears its higher fee.
See how the Standard Score works or re-weight it to your priorities.
Earn rates
| Category | Rate |
|---|---|
| Gas, EV charging, groceries, Air Canada purchases (capped at $80,000/year) | 1x |
| Everything else | 1x per $1.50 |
Included insurance
Purchase protection
02 / The case
What it does well, and what it costs you
Both sides of the ledger. A card that suits one wallet can be the wrong call in another, so the drawbacks are named as plainly as the benefits.
Why it earns its score
- Cheapest entry point into direct Aeroplan earning, with the first-year fee waived
- Preferred Aeroplan redemption pricing as a cardholder
- Low bar to approval compared to the Visa Infinite tier
Where it loses points
- No checked-bag benefit; that's reserved for the Visa Infinite tier
- Base earn rate (1 pt per $1.50) is weak outside bonus categories
- $89 fee applies starting year two
Who it’s for
Occasional Air Canada flyers who want to start earning Aeroplan directly before committing to the Visa Infinite's $139 fee.
Who should skip it
You check bags on Air Canada regularly; the TD Aeroplan Visa Infinite's bag perk alone clears its higher fee.
The bottom line
Standard Score 5.5/10 · Situational. We estimate ≈ $420 in first-year net value after the $89 fee.
Direct issuer link · no commission shapes this review
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Renewal math
Should you keep this card?
The welcome offer only lands once, and the waived first-year fee bills for real at renewal, so the keep-or-cancel question is whether the $89 fee still pays for itself on earn alone. Enter your monthly spend to see the recurring math.
Count credits, certificates, bags or lounge visits only at what they replaced for you, not brochure value.
~$262/year in rewards at this spend − $89 fee + $0 personally used recurring benefits = $173/year ongoing
Recurring rewards and benefits clear the fee; keeping it is defensibleAt this spending mix, the card breaks even around $460/month on the card after your recurring benefit value. Below that, the fee stops earning its keep.
Estimates price your spend at the card’s published earn rates and our Points Standard Index valuations; structured category caps are applied. Benefits and retention offers enter the math only through your inputs above. Eligibility, downgrade paths, credit-score effects, tax consequences, and benefit-certificate restrictions are not assessed; confirm options with the issuer before changing the account.
Welcome-offer history
We’ve tracked this card’s welcome offer since Jul 11, 2026 and log every change, so you can judge whether today’s offer is genuinely strong or just loudly advertised.
| Offer | Est. value | Recorded | Status |
|---|---|---|---|
| Up to 20,000 Aeroplan points (10,000 on first purchase + 10,000 on $1,500/90 days), plus first-year fee rebate; up to $500 in value | ≈ $380 | Jul 12, 2026 | Current |
| Up to 20,000 Aeroplan points (10,000 on first purchase + 10,000 on $1,500/90 days), plus first-year fee rebate; up to $500 in value | ≈ $420 | Jul 11, 2026 – Jul 12, 2026 | Replaced |
Source: issuer card page · Last reviewed Oct 4, 2026. Details change often: confirm current terms with the issuer before applying.
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