This is the Aeroplan card I'd point someone to when they want to start collecting Aeroplan points but don't meet the income bar for the Visa Infinite cards. TD lists no minimum income on the page, the first year is free under the current offer, and the 20,000-point welcome bonus takes only $1,500 in spending.
The trade-off shows up after year one. At $89, you get 1 point per dollar on gas, groceries and Air Canada and 1 point per $1.50 on everything else, with no free checked bag and no travel medical coverage. If you qualify for the TD Aeroplan Visa Infinite at $139, I think the extra $50 a year buys more than it costs for anyone who flies Air Canada with a checked bag.
Welcome offer
TD is advertising up to 20,000 Aeroplan points, verified on the TD product page on October 13, 2026. You get 10,000 points after your first purchase and another 10,000 after $1,500 in net purchases within 90 days of opening the account. The offer also rebates the $89 annual fee for the first year, for you and up to 3 additional cardholders, as long as you activate the card and make a purchase within the first 3 months.
The offer has been in effect since March 2, 2026 and TD has not published an end date, so confirm the terms on TD's page before applying. It is not available if you opened any TD Aeroplan Visa account in the last 12 months.
The $1,500 target in 90 days is about $500 a month, which most households reach with groceries and gas alone. Make the first purchase in the first few weeks, since that one transaction unlocks both the first 10,000 points and the first-year fee rebate.
Fees & eligibility
The card costs $89 a year, and the current offer rebates it for the first year, along with the $35 fee for up to 3 additional cardholders added in the first 3 months. TD also offers an annual fee rebate every year to clients with a TD All-Inclusive Banking Plan.
The product page lists no income requirement, only Canadian residency and the age of majority, so the card is open to applicants below the Visa Infinite threshold of $60,000 personal or $100,000 household income. Purchases carry a 21.99% interest rate and cash advances 22.99%. There is no foreign transaction fee waiver listed, and the points only come out ahead if the balance is paid in full each month.
Earning rewards
Earning comes in two tiers. You get 1 Aeroplan point per dollar on gas, EV charging, groceries and purchases made directly with Air Canada, including Air Canada Vacations, and 1 point per $1.50 on everything else, which works out to about 0.67 points per dollar.
Those are modest rates, and they are the clearest gap between this card and the next one up: the TD Aeroplan Visa Infinite earns 1.5 points per dollar in the same categories and 1 point per dollar elsewhere. One extra helps a little: show your Aeroplan number and pay with the card at Aeroplan partner brands or through the Aeroplan eStore, and you earn points twice.
Redeeming rewards
Points go into your Aeroplan account, where every Air Canada seat that is for sale can be booked with points, with no blackout periods. Points can also cover hotels, car rentals, merchandise and gift cards, but flights are where they usually go furthest.
TD's own offer footnote values Aeroplan points at 2 cents per point (cpp) for flights, which is how it arrives at $400 for the 20,000-point bonus. Treat 2 cpp as a target rather than a promise, since Aeroplan prices flights dynamically. Aeroplan Family Sharing lets up to 8 members pool their points, which matters on a card that earns slowly.
Perks & benefits
The perks are thin, which is expected at this price. The useful ones are the first-year fee rebate, earning points twice at Aeroplan partners and the Aeroplan eStore, and car rental discounts of at least 10% off base rates at Avis and Budget in Canada and the U.S. (5% internationally). TD also lists a Starbucks linked-card offer and a 3-month Uber One trial.
What is missing matters more for travellers. There is no free checked bag, no lounge access and no priority airport service; the free first bag for you and up to 8 companions starts with the TD Aeroplan Visa Infinite. If you check a bag on Air Canada even once or twice a year, compare the two cards before applying.
Insurance
The insurance covers travel hiccups rather than emergencies. There is no travel medical and no trip cancellation or interruption, so buy separate coverage before leaving the province. What you do get is flight delay coverage of $500 after a 4-hour delay, $1,000 per person for delayed or lost baggage, common carrier accident insurance, hotel burglary, and primary rental car collision and loss damage for up to 48 days.
Delay and baggage coverage need at least 75% of the fare charged to the card and/or paid with Aeroplan points, and rental coverage needs the full rental on the card. Mobile devices are covered up to $1,000, and purchases are protected for 90 days with the manufacturer's warranty extended by up to 1 year.
My take
I'd get this card if you want to start earning Aeroplan points and don't qualify for a Visa Infinite card; if you do qualify, I'd skip it for the TD Aeroplan Visa Infinite.
As a first-year card it works: no fee, 20,000 points for $1,500, and a way into Aeroplan without an income test. It is also a sensible keeper for TD All-Inclusive Banking clients, who get the fee rebated every year.
For everyone else, I'd look hard at year two. Paying $89 for 1 point per dollar on a few categories, no checked bag and no medical coverage is a weak deal next to the Visa Infinite at $139, which earns 50% more in the same categories and covers bags for you and your companions on Air Canada. I'd treat the Platinum as a starter card and plan to upgrade or cancel before the second fee posts.
The good
- No income requirement listed
- First-year fee rebated, and 20,000 points for $1,500
- Primary rental car coverage for up to 48 days
The catch
- Low earn rates: 1x in bonus categories, 0.67x elsewhere
- No free checked bag or lounge access
- No travel medical or trip cancellation insurance