Shortly after debuting its Summer 2023 Aeroplan credit card offers, TD has launched a new round of alternative offers for some of its credit cards. The most notable offer this time around is for the TD Aeroplan Visa Infinite Privilege Card, although there’s also an alternative offer for the TD Aeroplan Visa Infinite Card that’s worth considering.
The “in-path” offer is the best way to apply for the TD Aeroplan Visa Infinite Privilege Card, while the in-path offer for the TD Aeroplan Visa Infinite Card may make more sense in some, but not all, circumstances.
You have until September 5, 2023 to consider both offers, which leaves you with plenty of time to plan out your strategy.
TD Aeroplan Visa Infinite Privilege In-Path Offer: 115,000 Aeroplan Points + $300 Statement Credit
This alternative offer for the TD Aeroplan Visa Infinite Privilege Card is known as an “in-path offer”: it shows along the path of booking an Air Canada flight.
When you search for a flight on the Air Canada website, you may notice a banner for the TD Aeroplan Visa Infinite Privilege Card during the booking process.
After clicking the “Apply and book” button, you’re brought to a page that allows you to select any of the TD Aeroplan products:
Then, once again clicking the “Apply now and book” button takes you to the following TD landing page:
Alternatively, it’s also possible to access this in-path offer by following this direct link.
The breakdown of the welcome bonus on the TD Aeroplan Visa Infinite Privilege Card in-path offer is as follows:
- Earn 20,000 Aeroplan points when you make your first purchase
- Earn an additional 60,000 Aeroplan points when you spend $7,500 (CAD) in the first six months
- Earn an additional 35,000 Aeroplan points when you spend $12,000 (CAD) and the account is open and in good standing at 12 months
- Earn a $300 statement credit upon spending at least $300 (CAD) on an Air Canada purchase in the first six months
Factoring in the $300 (CAD) Air Canada statement credit, the card’s first-year annual fee effectively drops from $599 (CAD) to $299 (CAD).
The full terms and conditions of this offer can be found on the Air Canada website.
There is only one key difference between the in-path offer and the public offer: the Air Canada in-path offer has as $300 (CAD) statement credit, which goes a long way towards offsetting the $599 (CAD) annual fee.
TD Aeroplan Visa Infinite In-Path Offer: 55,000 Points + $150 Statement Credit
There’s also an in-path offer for the TD Aeroplan Visa Infinite Card, which offers up to 55,000 Aeroplan points and a $150 (CAD) statement credit. Similar to the public offer, there’s not an annual fee waiver, and you’ll have to pay the $139 annual fee in the first year.
It also shows up during the booking process on the Air Canada website, or you can access it via a direct link.
The full details of the in-path offer are as follows:
- Earn 10,000 Aeroplan points when you make your first purchase
- Earn an additional 45,000 Aeroplan points when you spend $5,000 (CAD) in the first six months
- Earn a $150 statement credit upon spending at least $150 (CAD) on an Air Canada purchase in the first 12 months
There are some key differences between the in-path offer and the public offer for this card, which we’ll cover in the below analysis.
Are the In-Path Offers Better than the Public Offers?
If you’ve had your eyes on the TD Aeroplan Visa Infinite Privilege Card, you may want to strongly consider applying through the in-path offer. Not only is this the highest welcome bonus we’ve yet to see on this card, but it’s also right up there with the best available offers across all Canadian Aeroplan co-branded credit cards.
With in-path offers, there’s typically some sort of trade-off between the welcome bonus and a statement credit. We might see a slightly lower signup offer in exchange for a statement credit, or perhaps a lower minimum spending threshold.
Fortunately, that’s not the case with the in-path offer for the TD Aeroplan Visa Infinite Privilege Card, as the welcome bonus is the exact same as the best-available public offer, and there’s a $300 (CAD) statement credit to boot.
Therefore, you’ll get the same number of points as if you applied through the regular channels, but you’ll also get a $300 (CAD) statement credit, which can be used to offset the $599 (CAD) annual fee.
This in-path offer is a compelling choice for anyone looking to pad their Aeroplan balance and enjoy a suite of perks with Air Canada, such as Maple Leaf Lounge access, preferred pricing on Aeroplan bookings, eUpgrade and SQM rollover, and more.
If you haven’t had this card before, now is as good of a time as any to take advantage of the best offer we’ve seen from TD.
On the other hand, the value proposition of the in-path offer for the TD Aeroplan Visa Infinite Card is less clear when compared against the public offer.
As a reminder, the public offer for the TD Aeroplan Visa Infinite Card is for up to 70,000 Aeroplan points, broken down as follows:
- Earn 10,000 Aeroplan points upon making your first purchase
- Earn 40,000 Aeroplan points upon spending $5,000 in the first 180 days
- Earn 20,000 Aeroplan points on renewal after spending $7,500 in the first year
The biggest difference here is that the in-path offer doesn’t have a renewal bonus, and instead offers a $150 statement credit. However, you’ll get an additional 5,000 Aeroplan points after meeting the $5,000 minimum spending requirement versus what you’d get on the public offer.
If you were to max out the public offer, you’d still come out ahead by 15,000 points, with the caveat being that you’d need to pay the annual fee for a second year to receive the third allotment of points.
In other words, you’d have to decide if the 15,000 extra points through the public offer is worth paying the annual fee for a second time. We value Aeroplan points at 2.1 cents per point, and using that metric, 15,000 points can be seen as worth $315 (CAD).
By a similar standard, the $150 statement credit essentially more than covers the first year’s annual fee of $139 with the in-path offer. If you don’t plan on renewing the card for a second year anyway, then you’d come out farther ahead with the in-path offer.
Again, depending on how much value you can squeeze out of 15,000 points, you may wind up coming out ahead, even if you have to pay the annual fee twice to receive them.
Conclusion
TD and Aeroplan continue to shake up the Canadian credit card landscape. The latest is a new in-path credit card offer for 115,000 Aeroplan points + $300 (CAD) statement credit on the TD Aeroplan Visa Infinite Privilege Card, and another in-path offer for the TD Aeroplan Visa Infinite Card for 55,000 Aeroplan points + $150 (CAD) statement credit.
Be sure to apply by September 5, 2023 by following the dedicated link on the Air Canada website if you’re interested.
Considering the in-path welcome bonus is identical to the public offer on the TD Aeroplan Visa Infinite Privilege Card, the $300 (CAD) credit puts it ahead by a solid margin, and is the optimal way to sign up.
