Compare TD Aeroplan vs. KOHO Mastercard side by side. Fees, rewards, interest rates, pros and cons for Canadian consumers in 2026.
Both TD Aeroplan and KOHO Mastercard are solid options for Canadians, but they serve different needs. Below we break down every difference that matters so you can pick the right one for your wallet.
| Feature | TD Aeroplan | KOHO Mastercard |
|---|---|---|
| Annual Fee | $139 | $0 |
| Rewards | 1.5x Aeroplan on everything | Up to 5% cashback categories |
| Welcome Bonus | Up to 50,000 Aeroplan points | Sign-up bonus with code |
| Network | Visa | Mastercard |
| Interest Rate | 20.99% | N/A (prepaid) |
| Insurance | Comprehensive travel insurance | None |
TD Aeroplan stands out in the Canadian market for several reasons. For consumers who prioritize value and everyday banking features, TD Aeroplan delivers a strong package. Whether you are looking for cashback rewards, low fees, or premium perks, this option has clear advantages in specific spending categories.
One of the standout features is the flexibility to earn rewards without complicated redemption structures. For Canadians who want straightforward value from their banking relationship, TD Aeroplan is worth serious consideration.
KOHO Mastercard takes a different approach that appeals to a distinct set of Canadian consumers. Where this option really shines is in its fee structure and the overall value proposition for Canadians who use it as intended.
The rewards program may be structured differently, but for the right spending pattern, KOHO Mastercard can outperform competitors on total annual value returned to the cardholder.
Choose TD Aeroplan if: You prefer higher earning potential in specific categories and do not mind a more targeted rewards structure.
Choose KOHO Mastercard if: You value simplicity, broader earning across all purchases, and a no-fuss banking experience.
While both options above have merit, KOHO offers a compelling alternative for Canadians who want simplicity combined with high-value rewards. With a $20 signup bonus, $100 per referral, and zero monthly fees, KOHO is worth considering alongside traditional options.
Use referral code 45ET55JSYA to get a bonus when you sign up for KOHO.
It depends on your priorities. TD Aeroplan tends to be better for Canadians who value specific category rewards, while KOHO Mastercard may be more suitable for those who prefer simplicity and broader earning. Compare the fee structures and rewards to see which aligns with your spending.
Yes. Many Canadians hold multiple financial products to maximize value. There is no rule against having accounts or cards from different institutions, and strategically using each for its strengths can increase your overall returns.
Both products may offer welcome bonuses that change periodically. Check their current promotions. For additional value, consider KOHO with referral code 45ET55JSYA for a signup bonus.
Fee structures differ between the two products. Review the annual fees, transaction fees, and any hidden charges carefully. In many cases, digital-first and fintech options like KOHO offer the lowest overall cost.
You can always switch back or try another option. Most Canadian financial products have no long-term commitments. Just be aware of any annual fee refund policies and ensure you meet minimum requirements for any signup bonuses before closing accounts.