Here is the gist of my post before coming across the RFD thread:
Essentially the interim TD Card will offer the same 1.5x Aeroplan Miles bonus multiplier as the current the CIBC Aerogold cards for Gas, Grocery and Drug Store purchases. As well it is limited to $80,000 per year for those categories. We had a meeting with Aeroplan a few weeks and believe this may not be the actual offering from the card once it is officially launched. Why is this? The cards that are being issued as of January 1st will have TD branding but will still be managed by CIBC (which means the statement will actually read CIBC even though the card will have a TD logo) and this will be the case until CIBC and TD determine which cardholders move to each respective bank.
The card will also offer special benefits from Air Canada including priority check-in, boarding and access to the Maple Leaf Lounge with Aeroplan flight rewards (these kick in on January 16 and appear that they will also available on the CIBC cards)
They will also have Enhanced insurance coverage with a full suite of comprehensive travel, purchase protection and auto rental insurances all of which will be detailed on January 1st.
Now back to the start of my post and the supposed details of the cards as pulled from the thread on RFD:
TD Aeroplan Visa Platinum
Enrolment Bonus: 10,000 miles
Miles Earned: 1 Aeroplan Mile/$1.50
Bonus #1: 1 mile/$1 on gas, grocery and drugstore purchases
Bonus #2: Aeroplan Card and TD Visa can be used together at Aeroplan partner locations
Insurance: Delayed/Lost Baggage, Flight Delay, Collision Loss and Damage Insurance, Common Carrier, Purchase Security & Extended Warranty, Emergency Travel Assistance
Annual Fee: $89 Primary User, $35 Authorized User
Income Requirement: None
Interest Rate: 19.99%
Minimum Credit Limit: $1,500
Exclusive Privileges: None
Air Canada Benefits: None
TD Aeroplan Visa Infinite
Enrolment Bonus: 15,000 miles
Miles Earned: 1 Aeroplan Mile/$1.00
Bonus #1: 1.5 mile/$1 on gas, grocery and drugstore purchases
Bonus #2: Aeroplan Card and TD Visa can be used together at Aeroplan partner locations
Insurance: 15 Day Travel & Medical Insurance, Trip Cancel/Trip Interrupt, Delayed/Lost Baggage, Flight Delay, Collision Loss and Damage Insurance, Common Carrier (incl. Auto Rental), Purchase Security & Extended Warranty, Emergency Travel Assistance
Annual Fee: $120 Primary User, $50 Authorized User
Income Requirement: $60,000 or $100,000 household
Interest Rate: 19.99%
Minimum Credit Limit: $5,000
Exclusive Privileges: Concierge
Air Canada Benefits: When travelling on Reward flights: One annual one-time use Maple Leaf Lounge access pass, First checked bag free, Priority check-in, Priority boarding
TD Aeroplan Visa Infinite Privilege
Enrolment Bonus: 25,000 miles
Miles Earned: 1.25 Aeroplan Mile/$1.00
Bonus #1: 1.5 mile/$1 on gas, grocery and drugstore, and Air Canada purchases
Bonus #2: Aeroplan Card and TD Visa can be used together at Aeroplan partner locations
Insurance: 22 Day Travel & Medical Insurance, Trip Cancel/Trip Interrupt, Delayed/Lost Baggage, Flight Delay, Collision Loss and Damage Insurance, Common Carrier (incl. Auto Rental) - (expanded vs. Infinite coverage), Purchase Security & Extended Warranty (expanded vs. Infinite Coverage), Emergency Travel Assistance
Annual Fee: $399 Primary User, $99 Authorized User
Income Requirement: $200,000 household
Interest Rate: 19.99%
Minimum Credit Limit: $10,000
Exclusive Privileges: Privilege Concierge, Global Lounge Service, Security VIP Fast Lane (Selected Airports), Golf Program, Sports packages (Olympics; FIFA), Music, food and wine experiences
Air Canada Benefits: First checked bag free on Air Canada flights, Priority check-in on Air Canada flights, Priority boarding on Air Canada flights, Four annual one-time use Maple Leaf Lounge
access passes (when travelling on Reward flights), 50% discount on companion tickets for eligible Executive Class fares on Air Canada Flights available once per calendar year
If these details are correct then the cards aren't living up to the hype that seems to have been surrounding the new TD cards. The Platinum version is a slightly better card than the current CIBC AeroClassic card with more insurance and higher mileage earning but also with a higher annual fee. The Infinite is essentially the same as the CIBC Aerogold Visa Infinite Card except for the Air Canada benefits when traveling on an Aeroplan award ticket (based on the Aeroplan wesbite wording the CIBC Aerogold Visa Infinite will also offer this but we'll have to confirm this) and then there is theTD Aeroplan Visa Infinite Privilege with more base mileage earning at 1.25 miles and a host of decent Air Canada benefits as seen above. However a minimum household income of $200,000 seems high and the annual fee is pretty high as well for the benefits. Honestly the American Express AeroplanPlus Platinum card is a better bet even with an even higher annual fee and you only need a household personal income of $40,000.
Of course until these details are either confirmed or refuted by Aeroplan and/or TD I can only stress that these details are strictly a rumour at this time! Please don't make any credit card decisions yet based on this post!
Finally I'd love to hear your thoughts on these "potential" cards from TD!
Mon 12:47pm MST UPDATE: Here is the response from my contact at Aeroplan neither confirming nor denying the details:
"We look forward to sharing details once the deal is officially closed, and, when the TD product is available as of January 1, 2014."
Come to think of it, perhaps this potential leak of information was done on purpose to see the reaction from people and it gives them time to further tweek the cards based on "once the deal is officially closed" statement from Aeroplan? That's just me thinking out loud.....
If this is the actual card, I won't be rushing out to apply.
ReplyDeleteThe benefits of this card are pretty weak and I see no reason to apply given that I already have an AMEX Aeroplan card.
ReplyDeletePretty disappointed.
ReplyDeleteThe Platinum and Infinite don’t stand out and are pretty
pricy compared to other options on the market.
The Infinite Privilege has potential for improvement, the
earn rate is okay but could be more aggressive. You need 200,000 income? What’s
with this you can only use the lounge and other airport benefits when you’re redeeming
rewards? What about when I just pay for the flight on the card? Definitely not
worth the 399 per year if I can't use these benefits. As mentioned below I’d go for the Amex Aeroplan Platinum to be able to use the lounge and benefits whenever and apply with minimum
40k income.
Thanks everyone for the commentary! Have to agree with everyone that if these are the actual offerings they are quite weak. Another possibility is they could be an interim offering while the cards are managed by CIBC then when TD takes full control they up the benefits? Another just thinking out loud moment!
ReplyDeleteI have Lounge Access from CIBC with the AeroGold card. It comes with priority check-in but not priority baggage, security or boarding. The AeroPlat Amex card adds priority security at YYZ to that but you still need some status with Air Canada to get priority baggage and boarding. I would be very surprised if the TD card added those features since they would be provided by Air Canada and not by Aeroplan.
ReplyDeleteBased on my recent meeting with Aeroplan there will definitely be Air Canada features on the TD card and those listed above (1st bag fee, Priority Check In, Priority Boarding) are the easiest to supply and control so I would think those parts of the 'rumoured' offering are correct
ReplyDeleteThis card is no way to compete against Amex Aeroplan Gold card which gives 30,000 bonus miles and first year free through referral link. Here is the link in case you need one:
ReplyDeletehttps://www.americanexpress.com/canada/en/mgm/mgmeeApplynow.cgi?mgmerCard=aeroPlanGoldCard&CPID=999999371&MGM_URN=AAAAEgATHhofCg%3D%3D