Great posts!

My analysis of TD's offer

The reward is: 25,000 Aeroplan miles
The cost is: $0, but about $40 opportunity cost for tying up some funds for a while. I don't see any additional fees for overdraft protection.

Net value: about $210 worth of Aeroplan miles


What to do:
Get a TD Unlimited Chequing Account. Keep it open for a while, say 6 months. (I do not see any specific length of time the account must remain open. Closing the account earlier than that might cause them to flag you.) Complete 2 of these 3 things: Direct deposit, Pre-Authorized debit, Online Bill Payment.

Fee strategy:
This account requires either a minimum deposit at all times to avoid the monthly fee. Strategy: Go find $3,500 and deposit it in the account. No fees otherwise. I estimate the total opportunity cost of keeping that money in the account at $40.

My math:
You will not be earning (much) interest on the $3,500 that you are committing for, say, 6 or 7 months time. Since the interest would have been taxable, your lost value is about 2% x $3,500 x 1/2 year.

Where to apply:
Apply on-line instead of in-branch, as durberville says.

Deadline:
March 31 to get the account. May 19 to make the required transactions.

Credit score:
If you are prone to limit your credit applications, then consider applying for just the bank account, and skip the overdraft protection.


http://www.tdcanadatrust.com/product...roplan-odp.jsp