How to Apply TD® Aeroplan® Visa Platinum

Aeroplan is a highly popular and appealing travel rewards program for Canadians, and it’s closely associated with Air Canada, which has its own loyalty program under the name Aeroplan. As a member of the Star Alliance, Air Canada’s points are transferable and usable according to partner guidelines when booking flights through the official Aeroplan website. These points are redeemable based on availability and demand.

As a TD Aeroplan Visa Platinum Card owner, you will gain TD rewards points. These points let you save money on vehicle rentals, hotel room bookings, and flight ticket purchases. Besides, TD Rewards points are used for buying gift certificates and items added to your wish list.

About Toronto-Dominion Bank

Toronto-Dominion Bank, one of the prominent American national banks, runs its businesses across Washington DC and East Coast. In terms of total assets, it ranks 11th in the USA. But, it holds 7th position in the USA in terms of deposits. Headquartered in New Jersey, the bank acquired the branches of South Financial Group.

In 2023, the total value of the asset is CDN$1.9. TD trades on the New York and Toronto stock exchanges. This chartered bank is under the provisions of the Canadian Bank Act, and it was set up with the amalgamation of The Dominion Banka and The Bank of Toronto.

Benefits TD® Aeroplan® Visa Platinum

• Insurance coverage– Aeroplan Visa Platinum Card provides various types of insurance coverage. It covers rental automobile damage, loss, or collision, the insurance will cover the amount and ensure financial protection. In the unfortunate event of serious injury or death resulting from a carrier accident, the insurance provides coverage of up to $500,000. It also offers coverage for lost baggage, up to $1,000, and hotel burglary, up to $2,500. Additionally, if you need to replace or repair stolen items, you’ll be insured up to this amount. Flight delay insurance is available when your flight is delayed by more than 4 hours. In the event of damage or loss of a newly purchased mobile phone, the insurance coverage is $1,000.
• Signup bonus – Accumulating 20,000 Aeroplan points translates to a total value of $500. In the first year, there’s no need to pay the standard annual fee, provided your credit account is approved by March 4, 2024. The welcome bonus package offers 10,000 points when you make your first transaction with the card. To earn an extra 10,000 points, make a transaction of $1,000 within 3 months of opening the account.

• Good earn rate – You can easily earn 1 point for every $1 spent at gas stations or grocery stores. Transactions with Air Canada also earn you points. Spending $1.50 on other purchases will earn you a point. While it may not seem like a high earn rate, your points double when dealing with the Aeroplan eStore and Aeroplan retailers. Utilize your Aeroplan Membership details to maximize these benefits.
• Purchase protection with the Visa Platinum Card –  Another advantage of using the credit card is that the insurance coverage ensures your purchase security. For instance, you might have bought some new items with your credit card. So, the insurance coverage provides protection against damage and theft for up to 3 months from the date of your deal. Besides, you will also benefit from the extended coverage. It means, while the manufacturers provide an original warranty period, you will get an additional 1-year warranty.
• Maximizing the card – To maximize your TD Visa Platinum Card, you should spend up to $1,000 within the first 3 months to be eligible for 20,000 Aeroplan bonus points. After activating the credit card, use it to make a purchase within the initial months. Additionally, consider adding another cardholder within a year to receive a discount on the annual fee. Other ways to secure discounts include using the card for vehicle rentals and various transactions.
• No limit to your rewards – One of the significant advantages is that the rewards you have accumulated with the card have no limit.

Prerequisites for TD® Aeroplan® Visa Platinum

TD Bank Group has not mentioned any strict criteria to be eligible for the credit. You should be a Canadian resident as an applicant. Your minimum age must be 18 or 19 years, depending on the province where you live.

Who is TD® Aeroplan® Visa Platinum* Credit Card for?

The Aeroplan Visa Platinum Card is suitable for those who 

• Want to earn Aeroplan points
• Do not like to use those points soon
• Are not ready to pay a very high annual charge
• Have not qualified for a more lucrative card
• Need basic coverage of travel insurance 

How to apply for TD® Aeroplan® Visa Platinum

It is easy to apply for the Aeroplan Visa Platinum Card. You have to visit the bank’s official site and access the dashboard if you are an existing customer. If you are a new customer, you can click on “Apply Online” button. The bank will ask you to provide the basic details like date of birth, legal name, mobile number, email ID, permanent address, annual earnings, employment information, and residential status.

TD® Aeroplan® Visa Platinum Credit Card –  Pros and Cons

Aeroplan Visa Platinum Card has drawn the attention of several customers due to its amazing features and benefits.

Pros:

• Save on car rentals – Those who regularly choose car rental services can choose this credit card. If you have used this Platinum card to make payment, you will get discounts on Budget and Avis Rent-A-Car.
• Travel insurance coverage – Whether you need insurance for flight delays, baggage delays, or carrier accidents, the card offers travel insurance.
• Smartphone insurance-Like other credit cards, Aeroplan Visa Platinum Card offers mobile insurance coverage of up to $1000.
• Extended warranty and purchase protection –  The credit card gives you automatic access to the protection scheme. When any new product bought with the credit card is damaged or lost within 3 months of your purchase, the warranty period will be doubled to 1 additional year.

Although the credit card is beneficial to a lot of consumers, it has a few drawbacks. 

Cons:

• If you include a cardholder, you need to pay an extra $35 with the basic annual charge of $89.
• With every dollar you spend, you will earn points.
• Moreover, the card is not for Canadians residing in Quebec.

How to unlock TD® Aeroplan® Visa Platinum

Unlocking the credit card is easy if you have met the criteria. Your personal earnings must not be less than $60,000 per year. The minimum annual income in your household should be $100,000 or higher. As TD Bank allows digital transactions, you should provide a valid email ID while applying for the card.

Annual charges of Aeroplan® Visa Platinum

Once you’ve activated and started using your credit card, the annual interest rate will apply, which is 20.99% for cash advances. However, this rate may increase if you do not make the minimum payment in full. The grace period for cash advances and balance transfers is 21 days.