Have a travel related question? Post it here, and I’ll do my best to answer it as quickly as possible.
While anyone can comment on regular blog post, registration is required in order to post a question in this space. Creating your account is free, and you'll be able to see when your question is answered, as well as like comments from other users. And of course, you'll earn status points for offering helpful answers!
This space is intended to be more of a community as well, so please jump in and share tips!
Huge TD Bank charge tied to Air Canada’s Aeroplan
Take a look at TD bank’s Q4/19 results that were released this morning . There is a pre tax charge related to Air Canada’s Loyalty program of $607M CN.
TD is the main Aeroplan point purchaser. That is shocking news and a big change is likely going to occur in the near future.
No doubt AC’s new loyalty program (2020) will hurt members miles accumulations via credit card purchases. Point cost will definitely increase for TD and so will annual credit card fees-for the consumer. Accumulating miles will get harder.
Bottom line. AC will reward loyal frequent flyers (Status Focus/ spend) rather than credit card miles accumulators.Thats the future in Canada .
Cheers!
Your feedback is important in helping us keep our community safe.