TD Bank and Air Canada Rolling Out a New Loyalty... - Products News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Products » TD Bank and Air Canada Rolling Out a New Loyalty Program

TD Bank and Air Canada Rolling Out a New Loyalty Program

TD Bank and Air Canada Rolling Out a New Loyalty Program
Tags: , ...
January
21
The content is accurate at the time of publication and is subject to change.

Air Canada is finishing up its purchase of Aimia Canada Inc., which operates the Aeroplan loyalty program. In conjunction with this news, TD Bank has signed a deal with the carrier to become the primary credit card issuer for Air Canada’s new loyalty program.

The new program is slated to launch next year and the partnership is set to continue until 2030. When the sale is complete TD Aeroplan cardholders will be moved into Air Canada’s new program, and their miles will be deposited into their new accounts.

At that time their Aeroplan Miles will be transferred at a one-to-one rate. That said until the new program is launched it will be business as usual when it comes to earning Aeroplan Miles and then redeeming them for flights.

“This agreement is a key milestone, providing our customers with confidence and continuity while securing the long-term stability of a great travel program with our Canadian national carrier,” said Katy Boshart, Senior Vice President, Canadian Credit Cards.

“Customers can look forward to a refreshed and exciting program and we’re thrilled to continue offering our customers value and a wide range of cardholder benefits in 2020,” she added.

Excitement on high

The finalization of this deal was originally announced in November of 2018. For TD Bank this partnership is seen as a way to solidify their position in the credit card market, as well as give customers more value. “We’re excited about this agreement, which will bring long-term stability, continuity, and value for our TD Aeroplan customers,” said Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group.

“We’re pleased to have taken this important step in becoming the primary credit card issuer for Air Canada’s new loyalty program, which reinforces our strength in the Canadian Credit Cards business and positions us well for future growth,” he added.

Air Canada and Aeroplan have history

This is not a new partnership for Air Canada and Aeroplan. Back in 2005 Air Canada actually spun off the rewards program when they went through a restructuring phase.
Aeroplan brings five million members into the fold giving Air Canada more reach when it comes to customers and more leverage when competing against other loyalty programs.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Air Canada and American Express Partner is Still a Go
Air Canada and American Express Partner is Still a Go

Posted: March 06, 2019

Air Canada and American Express have inked a deal renewing their partnership. But that is not all it also paves the way for the launch of new co-branded credit cards and for American Express to partner with them on the Air Canada’s new… Continue reading

Chase and Visa Making It Easier for Cardholders to Commute in NYC
Chase and Visa Making It Easier for Cardholders to Commute in NYC

Posted: June 06, 2019

Chase cardholders will soon be able to get around NYC easier because the City and Chase have partnered up so that cardholders will be able to get into the subway or on the bus with just a tap using their Visa contactless card. With this… Continue reading

Get a $20 Statement on American Express at Coachella
Get a $20 Statement on American Express at Coachella

Posted: April 08, 2019

American Express is sponsoring the Coachella Valley Music & Arts Festival one of the most well-known music festival in the world. This year they have sweetened the pot for cardholders when it comes to benefits for this event. What is it?… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
The Citi Rewards+ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap
For Excellent, Good Credit
Earn unlimited 1.5% cash rewards on all purchases.
For Good, Excellent Credit
See Rates & Fees
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!