TD® Aeroplan® Visa Infinite* Credit Card Review
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At a Glance
- $120 annual fee, rebated for the first year of card membership
- 30000 Aeroplan miles bonus (15,000 miles after a first purchase and an additional 5 points per $1 spent for the first three months; up to an extra 5,000 miles per month. 30,000 potential bonus points total.
- Earn 1.5 Aeroplan miles per $1 spent on eligible grocery, gas, drugstore and aircanada.com purchases
- Earn 1 Aeroplan mile per $1 spent on all other purchases
- One annual pass to an Air Canada Maple Leaf Lounge when travelling on an Aeroplan redemption
- Earn miles twice at participating retailers and the Aeroplan eStore
- Discounts at participating Avis Rent A Car and Budget Rent A Car locations
- Comprehensive travel insurance package included
- Purchase Security and Extended Warranty Protection
- $60000 individual income requirement
The travel insurance package includes travel medical insurance up to $1 million and covers up to 21 consecutive days per trip for those under the age of 65. The value of the travel insurance is worth more than the card’s $120 annual fee (rebated for the first year), but if you have an All-Inclusive Banking Plan with TD you can get the annual fee waived.
The TD Aeroplan Visa Infinite card currently offers up to 30,000 Aeroplan Miles as a sign-up bonus when you apply for the card by March 2, 2020. New cardholders get 15,000 miles after a first purchase and an additional 5 points per $1 spent for the first three months; up to an extra 5,000 miles per month. 30,000 potential bonus points total. When you analyze the Aeroplan redemption chart, you’ll realize that you can get a lot of value out of those miles. For example, you could fly from Toronto to Atlanta, round trip, which would normally cost $500 – $600 if you were to pay in cash.
The TD® Aeroplan® Visa Infinite* card has a high earn rate for Aeroplan miles, generating 1.5 miles per $1 spent on eligible grocery, gas and drugstore purchases and aircanada.com purchases. All other purchases generate 1 Aeroplan mile per dollar spent.
In addition to the high earn rate, you can turbocharge the number of miles you earn when shopping at participating Aeroplan retailers and the Aeroplan eStore. Show your loyalty number and pay with your TD® Aeroplan® Visa Infinite* card to double dip the rewards.
|Spending Category||Rewards Points||Dollar Value|
TD® Aeroplan® Visa Infinite* Insurance Coverage
Insurance offered by the TD Aeroplan Visa Infinite includes worthwhile coverage in the categories required most by travellers, and is generally better than its Aeroplan peers at a similar annual fee level (e.g. the Amex AeroplanPlus Gold card), which frequently skimp on baggage coverage and may not even include emergency medical insurance.
|Lost or Stolen Baggage||$1,000|
|Rental Car Theft & Damage||Yes|
|Extended Warranty||1 year|
|Purchase Protection||90 days|
|Emergency Medical Term||21 days|
|Emergency Medical over 65||4 days|
However, travellers who put a premium on length of coverage might opt to pay a slightly higher annual fee for other cards offering travel insurance coverage. Some of these offer consecutive days of coverage over and under the age of 65, and boost coverage to $5 million.
How Aeroplan Works
When it comes to redeeming your Aeroplan miles, there are two options that you need to be familiar with.
Fixed mileage – The fixed mileage program is the most common way to redeem your miles since destinations are organized by zones. All you need to do is look at the chart to get a sense of how far your miles will take you. Although you may have enough accumulated miles to make a redemption, keep in mind that with fixed mileage fares there are only a set amount of seats allocated to Aeroplan, so you may need to be flexible.
Market fare – With market fare you get access to every available seat, but it’ll likely cost you many more miles (sometimes double) to make a redemption. There are some cases where you’ll end up spending fewer miles compared to the fixed mile program, but that’s rare.
Regardless of which program you use to redeem your miles, many airlines still charge taxes, fees and surcharges, which can add up to quite a bit. On a positive note, if you’ve made an Aeroplan redemption, you get your first bag checked free, priority check-in and boarding, and access to the Air Canada Maple Leaf Lounge (once per year) as a TD® Aeroplan® Visa Infinite* cardholder.
Before you start spending those miles, note that you should value 1 Aeroplan mile at about 1.4 CAD cents. It’s easy to get that value when you’re flying within North America and Asia, but you can get even more value out of your points when redeeming a business class flight.
What the TD® Aeroplan® Visa Infinite* lacks is true lounge access. You only get access to the Air Canada Maple Leaf Lounge once per year when you’re flying on an Aeroplan redemption flight, whereas a card like the Scotiabank Passport Infinite provides six annual airport lounge passes (applicable with any flight regardless of who you’re flying with and how you booked the ticket).
Is It Worth It?
The TD® Aeroplan® Visa Infinite* card is a well-rounded travel rewards credit card that will allow you to earn Aeroplan miles quickly. Its sign-up bonus and first-year annual fee rebate give the card immediate value, while its earn rate and included travel insurance maintain the card’s value when its $120 annual fee kicks in after the first year.
READ MORE on Travel Loyalty Programs: Compare Aeroplan vs Air Miles vs Avion
*This post was not sponsored. The views and opinions expressed in this review are purely my own.