TD® Aeroplan® Visa Infinite* Card Review 2024

• Earn up to $1,200 in value†, including up to 50,000 Aeroplan points† (enough for a round trip to New York City†) and additional travel benefits. Account must be approved by June 3, 2024.
• Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card†.
• Earn 20,000 Aeroplan points when you spend $6,000 within 180 days of Account opening†.
• Plus, earn a one-time anniversary bonus of 20,000 Aeroplan points when you spend $10,000 within 12 months of Account opening†.
• Enroll for NEXUS and once every 48 months get an application fee rebate†.
• Plus, share free first checked bags with up to 8 travel companions†.
• This offer is not available to residents of Quebec.
• † Terms and conditions apply.

The TD Aeroplan Visa Infinite Card is a travel card aimed at Canadians who are Aeroplan members or who fly frequently with Air Canada.The credit card allows you to earn Aeroplan points on all purchases that can then be redeemed via the Air Canada website or app for travel, or via the Aeroplan eStore for other rewards.

Perks and benefits include a suite of travel insurance, however, other travel related perks such as lounge passes are lacking. Additionally, the earn rates are quite low compared to other rewards credit cards on the Canadian market.

• Earn Aeroplan points that can be shared among up to eight family members.
• Includes comprehensive travel insurance coverage.
• Earn 1.5 points for every dollar spent on eligible gas, grocery and direct Air Canada purchases.
• Earn 1 point for every dollar spent elsewhere.
• Cardholders and companions (up to eight) can benefit from getting their first checked bag free if flights are booked on the same reservation and originate on an Air Canada flight.

Earning Rewards

Earning rewards with the TD Aeroplan Infinite Visa Card is easy, as you will earn at least 1 Aeroplan point for every 1 dollar spent. If you use your credit card for purchases at eligible gas and grocery stores, you will earn 1.5 points for every dollar spent. If you book travel directly through Air Canada, you will also earn the accelerated rate of 1.5 points per dollar spent.

While it’s nice to see accelerated earn rates on day-to-day spending categories such as gas and groceries, 1.5 points isn’t a big boost. Many rewards cards offer higher rates. Also, keep in mind that there is a maximum earning cap on the accelerated rate categories; up to a maximum spend of $80,000 per year combined.

Redeeming Rewards

Redeeming rewards is easy and you have a number of options. As is typical with travel credit cards, the best value for your Aeroplan rewards is for travel. Specifically, travel with Air Canada or other Star Alliance partners. You can redeem your Aeroplan points for these options either via the Air Canada website or via the Air Canada app.

If you prefer, you can also use your Aeroplan points for merchandise, gift cards and more. This can be done online via the Aeroplan eStore.

Rewards Potential

Aeroplan is a pretty good rewards program, especially for Canadians who fly a lot with Air Canada. However, the earning potential is lacking. As mentioned above, 1.5 points for an accelerated rate is quite low so saving up for any flights is going to take a while if you are only depending on the credit card. You should also be an Aeroplan member and shop with Aeroplan partners to boost your earning potential.

Based on average Canadian spending, Forbes Advisor estimates this card could earn $635.70 in rewards value per year, with the annual fee factored in.

• Comprehensive travel insurance package including travel medical insurance, trip cancellation/interruption insurance, flight delay/trip delay insurance, lost and delayed baggage insurance, common carrier travel accident insurance and auto rental collision/loss damage insurance.
• Air Canada benefits including free checked luggage (first bag only) with Air Canada flights.
• Discounts on car rentals with Budget and Avis Rent-A-Car companies.
• The Visa Infinite Wine Country Program gives you discounts on wine, complementary tastings and free wine tours at over 95 vineyards in B.C., Ontario and Sonoma Valley when you present your TD Aeroplan Infinite Visa Card on-site.
• The Visa Infinite Luxury Hotel Collection gives you seven exclusive benefits at 900 luxury hotels around the world just for having a Visa Infinite Card like the TD Aeroplan Infinite Visa Card. These include best available rate guarantee, automatic room upgrade upon arrival, when available, complimentary in-room Wi-Fi, when available, a complimentary breakfast for two, a $25 USD food or beverage credit, VIP Guest status and late check-out upon request, when available.
• The Visa Infinite Entertainment Access Program gives you exclusive access to curated ticketed events in Canada throughout the year, as well as exclusive access to and benefits from the Toronto International Film Festival.
• The Visa Infinite Dining Series gives you access to exclusive culinary events hosted by notable chefs and featuring acclaimed wines.

Interest Rates

• Regular APR: 20.99%
• Cash Advance: 22.99%

Fees

• Foreign Transaction Fee: 2.5%
• Annual Fee: $139.00
• Any other fees: Additional cardholder $75.00

TD® Aeroplan® Visa Infinite* Card vs. TD® Aeroplan® Visa Platinum* Card

The TD® Aeroplan® Visa Platinum* Card is like the younger sibling of the TD Aeroplan Visa Infinite Card. With an annual fee of $89 (first year of annual fee rebated), you can still earn Aeroplan points on every purchase but there are no accelerated categories. There are some benefits like some types of travel insurance and discounts with car rentals but the Visa Infinite option offers much more. If you are travelling regularly, it’s probably worth the upgrade for the extra perks and more comprehensive insurance.

TD® Aeroplan® Visa Infinite* vs. TD® Aeroplan® Visa Infinite Privilege* Card

The TD® Aeroplan® Visa Infinite Privilege* credit card is a step up. The rewards program is the same but it comes packed with travel perks and benefits including Global Airport Lounge Access, priority airport services for Air Canada flights, an annual worldwide companion pass, and more on top of the benefits included with the TD Aeroplan Infinite Visa. While the extras are great, they do come with a hefty annual fee of $599. The earn rate is a little higher as well but for the price tag, this card is best for those who travel frequently and can benefit from the additional perks.

TD® Aeroplan® Visa Infinite* vs. CIBC Aeroplan Visa Infinite

The CIBC Aeroplan Visa Infinite card is very comparable to the TD Aeroplan Visa Infinite card. Both cards have the same annual fee, earn rates and perks and benefits. The big difference being one is a TD product and one is a CIBC product. When comparing between the two your best bet is to see who has the better welcome bonus at the time you are looking to apply.

When determining a rating for individual credit cards, the Forbes Advisor Canada editorial team factors in an exhaustive list of data points. With this card, the scoring model used takes into account factors such as, but not limited to, rewards rates and categories, fees, welcome bonus, and other benefits and features. Keep in mind what may be best for some people might not be right for you. Conduct informed research before deciding which cards will best help you achieve your financial goals.

The TD® Aeroplan® Visa Infinite* Card is a decent rewards card but perhaps not for everyone. If you are looking for a reward card to redeem points for categories other than travel, there are more lucrative rewards cards on the market with higher earning potential. At the same time, if you are a frequent traveller, then it might be worth upgrading to a high-end card that has more travel-related perks and benefits.

Related: Check Best Canadian Credit Cards

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