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TD takes front seat in three-way Aeroplan partnership Add to ...

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The three-way deal for Aeroplan credit cards is marketed as an equal billing for Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, but a closer look reveals the agreement is structured to make TD the winner in the long run.

The two banks are splitting the Aeroplan accounts – CIBC keeps clients with whom they have a banking relationship, TD takes the rest – and both banks will be Aeroplan card providers for the next 10 years. But the deal is structured in such a way that will help TD build its Aeroplan profile much faster than that of CIBC.

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