This is TD's second business rewards credit card. This card carries an annual fee of $149 for the primary cardholder and $49 for each additional cardholder. The annual interest rate is 14.99% on purchases and 22.99% on cash advances.
Like its personal counterpart, cardholders earn Aeroplan miles that they can redeem for Air Canada flights. Cardholders earn 1.5 miles for every $1 spent on travel and fuel purchases and 1 mile per $1 spent on all other eligible purchases. Aeroplan miles do not expire, and cardholders can redeem them for any seat on any Air Canada flight; there's no need to worry about blackout dates or seat restrictions.
Additional benefits include one complimentary checked bag; priority check-in and boarding; one annual guest pass to an Air Canada Maple Leaf Lounge; travel insurance; rental car discounts; and access to the TD Card Management Tool.
There is no income requirement to apply for this card. Cardholders simply must be Canadian residents who have reached the age of majority in their province or territory.
The bottom line: The TD Aeroplan Visa is the perfect card for businesses seeking specifically to earn travel rewards. Although cardholders earn fewer Aeroplan miles per $1 spent than they would earn TD Rewards Points per dollar with the TD Business Travel Visa, Aeroplan miles are nevertheless flexible and valuable. The additional baggage, check-in, and airport lounge benefits of this card are an added bonus that any frequent business traveler will appreciate.