Reminder: TD's Aeroplan chequing account offer ends tomorrow: Monday, March 31.

The reward is: 20,000 or 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 at least 2 of these 3 transactions: Direct deposit, Pre-Authorized debit, Online Bill Payment. Get 20,000 Aeroplan miles. Or, accept the overdraft limit protection as well, and get 5,000 more Aeroplan miles.

Fee strategy:
This account requires a minimum deposit at all times to avoid the monthly fee ($14.95/month or higher). Strategy: If you can, 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. (The 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 said in an earlier post.

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

Credit score:
If you are prone to want to limit your credit applications, then consider applying for just the bank account, for 20,000 miles, and skip the overdraft protection, which would bring you up to 25,000 miles.


http://www.tdcanadatrust.com/product...roplan-odp.jsp
Link fixed. And it's for new TD bank account customers only. Thanks, jerryhung