There are many different Aeroplan credit cards on the market, but TD is the official partner of Aeroplan. Truth be told, it doesn’t matter who’s the official partner since consumers should only care about how specific cards benefit them.
TD has three different Aeroplan cards, but the most popular one is the TD Aeroplan Visa Infinite since it’s comparable to some of the best travel credit cards in Canada and has a reasonable annual fee (normally waived for the first year). Keep reading my TD Aeroplan Visa Infinite review to find out if the card is any good and how it compares to other Aeroplan credit cards.
TD Aeroplan Visa Infinite Benefits
- $120 Annual fee – first year free (Until May 31, 2020)
- 15,000 Aeroplan miles sign up bonus after your first purchase
- 5,000 Aeroplan Miles in each of the first 3 months when you spend a minimum of $1000 per month, up to a total of 15,000 Aeroplan Miles
- Earn 1.5 Aeroplan miles per $1 spent on 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 reward flight
- Comprehensive travel insurance package included
- Purchase security
- Extended warranty
- Discounts at participating Avis and Budget car rental locations
The TD Aeroplan Visa Infinite comes packed with benefits and typically it has a generous sign up bonus. The regular sign up bonus is 15,000 Aeroplan miles, but there often promotions where you can earn an additional 15,000 Aeroplan miles based on spending requirements. Right now, you’ll get 5,000 Aeroplan in each of the first three months as long as you spend a minimum of $1,000 each month. That works out to be 30,000 Aeroplan Miles as a sign up bonus which is why this card is one of the best Aeroplan credit cards in Canada.
The earn rate of 1.5 Aeroplan miles per $1 spent on grocery, gas and drugstore purchases is not bad, but people who make frequent purchases on aircanada.com will love this card since you’ll also earn 1.5 Aeroplan points per $1 spent. All other purchases earn you 1 Aeroplan mile per $1 spent.
One thing that really annoys me about this card is how the Air Canada benefits only apply if you’ve booked an Aeroplan reward flight. That means you won’t get your first bag checked free or access to the Air Canada Maple Leaf Lounge when you pay for an Air Canada ticket with cash. That to me seems rather silly and a missed opportunity on TD / Air Canada / Aeroplan’s part. That said, it’s still free access to the Maple Leaf Lounge once a year which is why the TD Aeroplan Visa Infinite is one of the best credits cards with lounge access.
On a positive note, when making Aeroplan redemptions, you also get priority check in, your first checked bag free and priority boarding. Those are some great bonuses considering you’re claiming a “free” flight.
If you didn’t know, purchase security protects you from loss, theft and damage for 90 days. The extended warranty automatically doubles your manufacturers’ warranty up to one additional.
The annual fee of $120 is reasonable considering the benefits but it’s usually waived for the first year. In addition, if you have an all-inclusive banking plan with TD, you can get the annual fee waived every year.
Keep in mind that to qualify for this card, you must have a minimum personal income of $60,000 or a household income of $100,000.
How Aeroplan Works
Aeroplan is pretty straightforward, the Aeroplan miles you earn can be used to redeem flights. That being said, the process of redeeming flights can be difficult and annoying at times. To claim your “free” flight, you have two options: fixed mileage and market fare.
Fixed mileage tickets are the most common way to redeem your Aeroplan points since everything is based on a redemption chart. For example, it’ll take 25,000 points for a roundtrip ticket to anywhere within Canada and the continental U.S. With fixed mileage redemptions, there are only a limited amount of seats available so you might need to be flexible with your travel plans.
There’s also the market fare program which gives you access to any seat available. Aeroplan promotes this as a positive since the number of points required to make a redemption may be less than the fixed mileage option since it’s based on supply and demand. While this is true at times, the majority of the time you’ll end up paying many more miles compared to the fixed mileage program.
If you used the fixed mileage program, your sign up bonus of 15,000 points would be enough for a round-trip, short-haul flight within Canada or the continental U.S. One of the best routes at this rate is Toronto to Atlanta since it would normally cost you about $500 if you were to pay cash. Alternatively, a one-way ticket from Toronto to Los Angeles would cost you about $300, but it would only require 12,500 Aeroplan miles so there is still some good value.
Don’t forget, some airlines may charge taxes, fees and surcharges which can eat into the value of your Aeroplan redemptions.
TD Aeroplan Visa Infinite travel insurance
- Travel medical – $1,00,000 for 21 days / 4 days if you’re 65 or older
- Trip cancellation – up to $1,500 per person / $5,000 total
- Trip interruption – up to $5,000 per person / $25,000 total
- Flight/trip delay – up to $500 / 4 hours
- Delayed and lost baggage – up to $1,000 / 6 hours
- Common carrier travel accident – $500,000
- Auto rental collision / loss damage – 48 consecutive days / $65,000
As you can see the TD Aeroplan Visa Infinite travel insurance is pretty impressive. Your travel medical covers you for a respectable 21 days, but if you’re 65 or older, you only get 4 days. Regardless of your age, you have the option to extend your coverage which is handy.
Trip cancellation and trip interruption are both included and give you compensation up to $1,500 per person but there’s a group limit of $5,000. With flight delays, you’re entitled to compensation after 4 hours, but you need to wait at least 6 hours before you can make any claims for delayed luggage.
$65,000 for auto rental collision / loss damage is standard, but it’s a lower than American Express who will cover vehicles with an MSRP of up to $85,000. You may have also noticed that the TD Aeroplan Visa Infinite Card doesn’t come with any hotel/motel burglary insurance. This isn’t a dealbreaker, but it’s something you should be aware of.
How the TD Aeroplan Visa Infinite compares to other cards
The TD Aeroplan Visa Infinite’s stiffest competition is likely the American Express Gold Rewards card. Although the Amex Gold Rewards card has an annual fee of $150, you get a signup bonus of 25,000 American Express Membership Rewards when you charge $1,500 in purchases in the first three months. Those Amex points can be transferred to Aeroplan at a 1:1 ratio so you’re effectively getting 25,000 Aeroplan miles as a welcome bonus.
The Amex card even has a higher earn rate since you’ll get 2 points per $1 spent on grocery, gas, pharmacy, and travel purchases. The only drawback is that American Express isn’t accepted at all retailers.
Alternatively, there’s the American Express Platinum card that has an annual fee of $699, but you get a sign up bonus of 60,000 American Express Membership Rewards points and an annual travel credit of $200. That’s double the points you get compared to the TD Aeroplan Visa Infinite card.
I also want to point out how the WestJet RBC World Elite Mastercard gives you your first checked bag and additional WestJet benefits regardless if you paid cash or you used your WestJet dollars to book your flight.
My TD Aeroplan Visa Infinite is positive. This might surprise you considering how a few things annoy me with the card, but I need to look at the big picture. People applying for this card are likely looking for simplicity and may not want to deal with converting points or American Express. There’s also a good chance that they’re existing TD customers who may want a credit card from their bank. This is a Visa card that will earn you Aeroplan points with little effort.