Hi Tony, I believe the new TD terms state that you must wait 12 months before receiving another sign-up bonus, so would this strategy require waiting a whole year before doing the product switch? If so, would you get charged the annual fee if you were to wait for that long?
I hate the fact that you get no interest on the 5k just to waive the annual fee. The benefits of the account makes sense to have at least one of these accounts at one of the big banks.
The best way but I am not sure if it will work for everyone is to have all inclusive bank account if you can maintain 5k balance everyday of the month (you wont pay 29.95$ monthly fees) plus most of the premium credit cards are free of cost as long as u hold all inclusive bank account. Note: if you can’t maintain 5k balance, this wont work cause you will end up paying $29.95 each month which cost more than just paying 120-130$ fees of the credit card)
@@NBA2KLTT17 if u can maintain 5K everyday of the month, then go for all inclusive account which will give u rebate on monthly fees which is 29.95 and free infinite (premium) card with no yearly fees…it depends on your credit score though as infinite cards require yearly income of more than 60k or household of more than 100K
I just used my TD auto club today. Battery died, the guy showed up, boosted and said that'd be $79 bucks CAD. I said TD and he walked away. Im sold. Just switching all my credit card buying to TD for that simple fact.
@@tonywang7778 I was looking at CAA just in case. I would have bought it not knowing I already had it with TD, but CAA only had cars and RV's. I have a truck. I think what CAA is saying, If you dont have a teeny car, we charge you for an RV. So I marked the TD auto club in my contacts "just in case" an then about a week later my battery dies? Funny that so many trucks on the road, but CAA leaps from Cars to RV's.
Hey, it depends. From a signup bonus point of view, If it's been 6 months+ and you can find a good way to cash out your TD points then maybe go for a product switch. When I did my switch a month ago they told me I won't get the bonus if I switch from a travel card to travel card so in your situation I wouldn't switch directly to the Aeroplan since they are both travel cards and you wouldn't get a bonus for it. An alternative is switch to cashback and then back to travel (Aeroplan or first-class) after 6+ months if assuming a good offer. From a benefits point of view out of the 2 travel cards I'd say the new Aeroplan has a bit more benefits but it also depends on your travel goals.
Would you recommend product switching back to the same aeroplan card you held before (i.e. td aeroplan visa infinite) or a new card you haven't applied to before (i.e. td aeroplan platinum)?
I believe you're referring to switching from Aeroplan to Cashback right? If that's the case then yes, you could keep the Aeroplan points as they are held on your Aeroplan account not with TD
You can repeat it, as long as you switch the type of the cards. (travel to cashback or cashback to travel) If you done a switch I would wait at least 6 months before doing another switch
@@xdanielxx13 Good question, TD requires at least a 6 months cooldown before handing out another bonus. You can always try it yourself as some rules are not always enforced.
Hi Tony, I live in the states are those cards for Canada only, because i have the cash card and the business card I've never seen these cards on their website.
Nice video. Just a question though. I noticed you mentioned that we can no longer product switch between Aeroplan & First Class travel as it falls under the same category as travel & visa "infinite" tier. What if I have an Aeroplan "platinum" card & I want to upgrade to the First Class Travel card? Can I do that as I don't already have an infinite card?
Hi Kevin! You should be able to get the full bonus if that's the case. I'd confirm it with the credit card department over the phone before making the switch :)
Thank you for stopping by jack and good point! I believe there's a fine line. Between spreading already decently well known things verses talking about a secretive trick only a few in a select group knows!
@@tonywang7778 unfortunately in RBC's terms for the avion card it says existing product switches are inelgibile.... too many people figuring this trick out i guess
@@tonywang7778 I got an approval for RBC Avión Platinum. They only gave me $500 Limit with the $120 Fee. After one month I switched to a free card. Still got the Bonus points and bought a $250 Walmart Gift Card with them! Your correct on the value of points being secretive. The regular reps. Don’t know and refer you to the redemption area. Those reps are very difficult to deal with!
![Worst Credit Cards in America [2023 Guide]](/img/n.gif)
A good strategy, I couldn't be bothered I'm just going to see if I can get a retention offer great video as always
fair enough, product switching with td is a very streamlined process nowadays
Hi Tony, I believe the new TD terms state that you must wait 12 months before receiving another sign-up bonus, so would this strategy require waiting a whole year before doing the product switch? If so, would you get charged the annual fee if you were to wait for that long?
Just read through the t&c, I believe that's a fairly recent change... we'll have to wait and see more data on this as time passes.
You still won't get charged annual fee if you got all inclusive banking
apply just before the year is up It works, on my third time right nowl.
I hate the fact that you get no interest on the 5k just to waive the annual fee. The benefits of the account makes sense to have at least one of these accounts at one of the big banks.
The best way but I am not sure if it will work for everyone is to have all inclusive bank account if you can maintain 5k balance everyday of the month (you wont pay 29.95$ monthly fees) plus most of the premium credit cards are free of cost as long as u hold all inclusive bank account.
Note: if you can’t maintain 5k balance, this wont work cause you will end up paying $29.95 each month which cost more than just paying 120-130$ fees of the credit card)
If we can maintain 5K balance, what would you recommend
@@NBA2KLTT17 if u can maintain 5K everyday of the month, then go for all inclusive account which will give u rebate on monthly fees which is 29.95 and free infinite (premium) card with no yearly fees…it depends on your credit score though as infinite cards require yearly income of more than 60k or household of more than 100K
I just used my TD auto club today. Battery died, the guy showed up, boosted and said that'd be $79 bucks CAD. I said TD and he walked away. Im sold. Just switching all my credit card buying to TD for that simple fact.
That's amazing! Never know when you'll need it, and it's such a underrated perk!
@@tonywang7778 I was looking at CAA just in case. I would have bought it not knowing I already had it with TD, but CAA only had cars and RV's. I have a truck.
I think what CAA is saying, If you dont have a teeny car, we charge you for an RV.
So I marked the TD auto club in my contacts "just in case" an then about a week later my battery dies?
Funny that so many trucks on the road, but CAA leaps from Cars to RV's.
hmm Interesting. Yeah, good thing you had it in the contacts! Never know when you'll need it
Great video. Does this trick still work in 2024?
Tony you da man! 👌
Hi Tony.. thanks for the valuable information. Im currently using the first class credit card. Do you think the Aeroplane credit card is better?
Hey, it depends. From a signup bonus point of view, If it's been 6 months+ and you can find a good way to cash out your TD points then maybe go for a product switch. When I did my switch a month ago they told me I won't get the bonus if I switch from a travel card to travel card so in your situation I wouldn't switch directly to the Aeroplan since they are both travel cards and you wouldn't get a bonus for it. An alternative is switch to cashback and then back to travel (Aeroplan or first-class) after 6+ months if assuming a good offer.
From a benefits point of view out of the 2 travel cards I'd say the new Aeroplan has a bit more benefits but it also depends on your travel goals.
Awesome thanks Tony
Would you recommend product switching back to the same aeroplan card you held before (i.e. td aeroplan visa infinite) or a new card you haven't applied to before (i.e. td aeroplan platinum)?
You can switch back as long as it's been 12 months since you had an aeroplan card with TD as per the new terms and conditions
can you keep the 24 k miles when you switch to cashback? or do you need to have them spent before the switch or they go away?
I believe you're referring to switching from Aeroplan to Cashback right? If that's the case then yes, you could keep the Aeroplan points as they are held on your Aeroplan account not with TD
Prince of travel!!!
Are you saying that you can repeat welcome bonuses using this strategy or just get all three bonuses without individually applying for each card?
You can repeat it, as long as you switch the type of the cards. (travel to cashback or cashback to travel) If you done a switch I would wait at least 6 months before doing another switch
@@tonywang7778 I am wondering why you have to wait ATLEAST 6 months? Why not short like 2-3 months? To really maximize your rewards during the year?
@@xdanielxx13 Good question, TD requires at least a 6 months cooldown before handing out another bonus. You can always try it yourself as some rules are not always enforced.
@@tonywang7778 Right on that makes sense! Thanks for the great content
Hi Tony,
I live in the states are those cards for Canada only, because i have the cash card and the business card I've never seen these cards on their website.
Nice video. Just a question though. I noticed you mentioned that we can no longer product switch between Aeroplan & First Class travel as it falls under the same category as travel & visa "infinite" tier. What if I have an Aeroplan "platinum" card & I want to upgrade to the First Class Travel card? Can I do that as I don't already have an infinite card?
Hi Kevin! You should be able to get the full bonus if that's the case. I'd confirm it with the credit card department over the phone before making the switch :)
Found it Tony!
Great stuff 🔥
I can’t decide if this is a good tip or if you’re ruining it for everyone. Eventually banks catch up and make everything more restrictive.
Thank you for stopping by jack and good point! I believe there's a fine line. Between spreading already decently well known things verses talking about a secretive trick only a few in a select group knows!
What's your experience with the annual fee waiver without a td chequing account? Would you be eligible for the first year free waiver?
Yup! Most TD cards offer firs t year fee waivers as part of the signup offer!
Does switching between TD has credit check
no credit check needed when I switched mine :)
Do you know any other bank that we can do the same? Perhaps CIBC?
CIBC is a little bit mixed, but I believe RBC is also quite open to product switching
@@tonywang7778 unfortunately in RBC's terms for the avion card it says existing product switches are inelgibile.... too many people figuring this trick out i guess
Thanks to *Scottwanye5* on Telegram I got my credit card from him valid and trustworthy vendor ever💯
@@tonywang7778 I got an approval for RBC Avión Platinum. They only gave me $500 Limit with the $120 Fee. After one month I switched to a free card. Still got the Bonus points and bought a $250 Walmart Gift Card with them!
Your correct on the value of points being secretive. The regular reps. Don’t know and refer you to the redemption area. Those reps are very difficult to deal with!
@@michaelreid8857 Yeah, from my experience most reps don't know the value of the points themselves so it's up to us doing our research.
You do realize that each time you do this it will show on your account so it'll look like you had 20 different cards. They will catch on.
I don't think it will. Its just the card that changes, everything else remains the same, even the card number.