GREAT NEWS: According to an interview with Air Canada Aeroplan execs that Anshul at Points, Miles & Bling had over this past weekend the buddy pass conversion option is based on the date you apply not the date the buddy pass posts to your account. Then Aeroplan confirmed with Rewards Canada that there is no set end date for this buddy pass conversion. Ultimately it comes down to the TD end date of this offer on May 30. We feel that after that date the buddy pass will not be offered on the card (pure speculation on our part however!)
this means you can apply for this card by April 30 and be able to convert the buddy pass to Aeroplan points once it posts to your account.
Please note there are mentions on other sites the conversion
option is being extended. There is no confirmation of this just yet - we
have reached out to Air Canada and should know by April 23 if this will
be happening
MAJOR UPDATE: We have been notified The Buddy Pass can only be
converted by April 30th which means it is very unlikely any new
applicants for the TD card will be able to get the pass in time to
convert. This is likely to keep the card from having an influx of new
applicants just to convert the Buddy Pass over to points.
Earlier on the Rewards Canada blog we detailed how you can now convert the Buddy Pass portion of the welcome offer on half a dozen Aeroplan co-brand credits to 30,000 Aeroplan points. This is a huge deal! To be able to get an extra 30,000 points out of a welcome bonus is unprecedented. Yes - the buddy pass can have huge value in its own right but by converting it to points you do take out some uncertainty over shorter term travel (think less than 2 years). Plus the buddy pass is meant for North America travel including Hawaii and only in economy class. By taking the points you can use them to build up your balance for travel to anywhere in the world that you can redeem Aeroplan points for (and that's a lot of places) in any fare class you like including First Class.