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The Aeroplan Credit Card is a great pick for anyone who loves to travel or just wants to earn rewards on their purchases.
You’ll rack up Aeroplan points on things like gas, groceries, and flights with Air Canada. It’s an easy way to start building points without doing anything extra.
If you’re curious about how it all works and if it’s the right fit for you, just keep reading—I’ve got all the details!
Aeroplan Credit Card
Enjoy competitive Access exclusiveHow does the Aeroplan Credit Card work?
Every time you use it, you earn Aeroplan points, which you can then redeem for travel rewards like flights, hotel stays, or even car rentals. It’s a simple way to earn points without doing anything extra.
When you use your card, you’ll get 1.5 points for every dollar you spend on things like gas, groceries, and Air Canada purchases. For other purchases, you’ll earn 1 point per dollar. The more you use the card, the more points you stack up.
The best part? These points go straight into your Aeroplan account, where you can easily track them. You can also pool points with family members to rack them up faster.
Main benefits for the Aeroplan Credit Card
Now, let’s talk about the perks. One of the biggest draws of the Aeroplan Credit Card is how quickly you can rack up points. You get 1.5 points for every dollar spent on eligible purchases like gas, groceries, and Air Canada flights, which is pretty solid. On other purchases, it’s 1 point per dollar. It all adds up over time.
New cardholders get a big welcome bonus, too. You can earn up to 40,000 points in the first year, thanks to a mix of first-purchase bonuses and extra points when you hit certain spending targets. That’s a nice chunk of points to start with.
On top of that, the card comes with some great travel perks. If you’re flying with Air Canada, you get free checked baggage for you and up to 8 people on the same reservation. You also get a NEXUS fee rebate every 48 months, which can make your trips smoother and faster.
If you’re someone who loves to travel or fly with Air Canada, these benefits can really come in handy.
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Cons for the Aeroplan Credit Card
Of course, no card is perfect, and the Aeroplan Credit Card is no exception. One of the biggest downsides is the annual fee. After your first year, you’ll be charged $139, which might be too much if you don’t use the card that often.
Another thing to keep in mind is the high interest rates. If you carry a balance, the APR is 20.99% on purchases and 22.99% on cash advances. That’s pretty high, so if you don’t pay off your balance every month, those interest charges can pile up quickly.
And while the card has a lot of travel benefits, they’re really most useful if you’re flying often with Air Canada. If you don’t travel much, some of those perks might not be worth it. Also, the spending requirements to earn the bonuses may be a stretch for some people, so it’s something to think about before applying.
APR and fees
When it comes to fees, the Aeroplan Credit Card isn’t exactly cheap. After the first year, there’s an annual fee of $139. So, if you’re not using the card often or earning enough points to make up for it, that fee could feel like a burden.
The card also comes with high interest rates. The APR on purchases is 20.99%, which is higher than some other cards out there. If you carry a balance, you could end up paying quite a bit in interest. And if you need to take out a cash advance, the APR jumps to 22.99%, which is pretty steep.
Another fee to keep in mind is the $75 charge for adding an extra cardholder. It’s not a huge amount, but it’s something to consider if you’re looking to share the card with a partner or family member.
How to Apply for the Aeroplan Credit Card
Applying for the Aeroplan Credit Card is pretty straightforward. You can do it all online by visiting the TD website. The application only takes a few minutes, and you’ll need to provide some basic information, like your name, address, and contact details.
One thing to keep in mind is that you’ll need to meet certain income requirements. To apply for the regular card, you’ll need to earn at least $60,000 a year individually or $100,000 as a household. If you don’t quite meet those numbers, you can look into the TD Aeroplan Visa Platinum Card, which might be a better fit.
Once your application is approved, you’ll get your card in the mail, and then it’s time to start earning points. Â
