The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Aeroplan cards over the year
Aeroplan cards over the year

TD takes front seat in three-way Aeroplan partnership

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.