TD Canada TrustTravel / Aeroplan

TD Aeroplan Visa Business Card

Our take: the best-balanced business travel card in Canada right now — a genuinely low 14.99% purchase APR, a full insurance package, and Aeroplan earning, for a $149 fee that is rebated in year one.

Welcome bonusUp to 60,000 Aeroplan points across three spending milestones, plus the $149 annual fee rebated in your first year.

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Our review

The TD Aeroplan Visa Business Card is unusual among Canadian rewards cards: it charges 14.99% on purchases, roughly five points below the 19.99% to 20.99% that most business rewards cards charge. For a business that occasionally carries a balance, that difference can be worth more than the rewards. It also carries a full travel and purchase insurance package and earns Aeroplan points, the most valuable mainstream loyalty currency in Canada by our valuations. The catch is the welcome offer: the full 60,000 points requires $25,000 of spending over a year.

4.8out of 5

MoneyMint rating

#1 of 15 business cards · How we rate

Rewards value

6/10

Insurance

10/10

Flexibility

8/10

Welcome bonus

10/10

Fee value

10/10

Perks

8/10

≈ $1,597

estimated first-year value after the annual fee, on a typical $2,050/month budget. Compare all 15 business cards →

At a Glance

Annual fee

$149

rebated in the first year

Additional cards

$49 each

first year rebated for up to 2

Top earn rate

2 points/$1

Air Canada and participating Hyatt

Welcome offer

Up to 60,000 pts

worth about $1,200 at our valuation

Purchase APR

14.99%

unusually low for a rewards card

Bonus category cap

$80,000

annual spending

Rates, fees and insurance confirmed on TD’s product page on September 25, 2026.

Pros and Cons

What works

A 14.99% purchase APR, roughly 5 points below most competing business rewards cards.
A full insurance package: travel medical to $2 million, trip cancellation and interruption, flight delay, lost baggage, common carrier accident, rental car collision, hotel burglary, purchase security and extended warranty, and mobile device coverage to $1,000.
Earns Aeroplan points, which we value at 2.0 cents each — the highest of the mainstream Canadian programmes.
The annual fee and up to 2 additional card fees are rebated in the first year.

What to watch

The full 60,000-point welcome offer needs $25,000 of spending across a year; the first tranche alone is only 10,000 points.
Bonus-category earning stops at $80,000 of annual spending.
Travel medical covers only the first 15 days of a trip, dropping to 4 days from age 65.
TD does not state the foreign transaction fee on the product page, so confirm it before spending abroad.

What You Earn

2 points per $1Purchases made directly with Air Canada and with participating Hyatt hotels

1.5 points per $1Travel and transit, dining, EV charging, shipping, and internet, cable and phone services

1 point per $1Everything else, and all bonus-category spending above the $80,000 annual cap

Fee rebate$149 annual fee plus up to 2 additional card fees rebated in year one

At our 2.0 cents per Aeroplan point valuation, the 1.5x categories work out to about 3% back and the base rate to about 2% — strong for a card that also charges only 14.99% on a carried balance.

Who It’s For

A good fit if

Your business sometimes carries a balance and the 14.99% rate would save you more than a richer rewards card would earn.
You or your staff fly Air Canada and can use Aeroplan points.
You want real travel insurance attached to the card your business books travel on.

Look elsewhere if

You cannot reach $25,000 of annual spending — much of the welcome offer will go unclaimed.
You prefer straightforward cash back to a loyalty programme.
You spend more than $80,000 a year in the bonus categories, where earning stops.

Not Sure? Three Cards People Compare It With

TD Business Travel Visa Card

Pick this instead if you would rather earn on travel booked through a portal than commit to Aeroplan.

Fee $1499 points per $1 through Expedia For TD

Read review

American Express Aeroplan Business Reserve

Pick this instead if you fly Air Canada often enough to use lounge access and can justify a $599 fee.

Fee $5993x Aeroplan on Air Canada, lounge access

Read review

RBC Avion Visa Infinite Business

Pick this instead if you want points that transfer to several airline programmes rather than Aeroplan alone.

Fee $175Transferable Avion points, strong insurance

Read review

4.8

TD Aeroplan Visa Business Card

Fees and rates confirmed September 25, 2026

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Jen, founder of MoneyMint

Reviewed by Jen. We verify every rate, fee and offer term against the issuer’s own published material before we publish it, and we re-check on a set schedule.

Fees, rates and offer terms in this review were confirmed on the issuer’s own site on September 25, 2026. MoneyMint does not currently have an affiliate relationship with this issuer. Credit card terms change without notice — confirm the current terms on the issuer’s application page before you apply. This is general information, not financial advice.

Frequently Asked Questions

Why is the purchase APR so much lower than other rewards cards?

TD prices this card at 14.99% on purchases, against the 19.99% to 20.99% typical of Canadian business rewards cards. On a $10,000 balance carried for a year, that gap is roughly $500 in interest — more than most welcome offers are worth. It is the card’s single most distinctive feature.

How much do I have to spend to earn the full welcome bonus?

All three tiers require $25,000 in total: 10,000 points come on your first purchase, 30,000 more after $15,000 of spending within 180 days, and the final 20,000 after $25,000 within 365 days. If your business spends less than that, you will earn only part of the offer.

What is 60,000 Aeroplan points actually worth?

At MoneyMint’s valuation of 2.0 cents per Aeroplan point, 60,000 points is worth roughly $1,200 when redeemed well — typically on Air Canada or Star Alliance flights. Redeemed for merchandise or gift cards, the same points return considerably less.

What insurance comes with the card?

TD lists travel medical up to $2 million for the first 15 days (4 days from age 65), trip cancellation and interruption, flight and trip delay, delayed and lost baggage, common carrier travel accident, auto rental collision, hotel and motel burglary, purchase security and extended warranty, and mobile device coverage up to $1,000.

Is the annual fee really free in the first year?

TD rebates the $149 annual fee in the first year, and also rebates the $49 fee for up to 2 additional cards. From year two the fees apply normally, so treat the first year as a trial rather than a permanent saving.