TD Aeroplan Visa Infinite Card: Review

Bassel Abdel-Qader
by Bassel Abdel-Qader June 21, 2019 / No Comments

Click here to quickly view the card’s pros and cons (+)

TD Aeroplan Visa Infinite – Quick Review

The Pros

  • The card’s $120 annual fee is waived for the first year.
  • You’ll get 25,000 bonus miles after making your first purcase on the card. That’s enough miles to book a round-trip, short-haul flight to destinations like New York, Quebec, or Washington DC. from Toronto
  • The card lets you rack up between 1 and 1.5 Aeroplan miles per dollar on all your everyday spending (which equals to an approximate average return of about 1.2% to 1.8% in travel rewards per dollar). Plus, as an Aeroplan member and TD Aeroplan Visa Infinite cardholder, you can earn bonus miles and exclusive discounts when shopping from select partner retailers and on the online Aeroplan e-store.
  • The TD Aeroplan Visa Infinite Card includes a full suite of travel insurance benefits, including up to $1,000,000 in travel medical emergency coverage, as well as rental car insurance, lost baggage coverage, and more.
  • For flights booked with Aeroplan miles, this card lets you access a variety of perks including free priority check-in, priority boarding, and one-time access to Air Canada Maple Leaf Lounges at airports (renewed annually).

The Cons

  • The miles you earn on the TD Aeroplan Visa Infinite Card can’t be redeemed on any airline, and are only eligible for flights on Air Canada and Star Alliance member airlines. You’re also forced to use Aeroplan’s website or App when redeeming miles.
  • Aeroplan miles don’t have a consistent value, which means determining the dollar value of your redemptions and how to best maximize your miles isn’t simple and can require some considerable effort.
  • The card’s Air Canada benefits (i.e. priority check-in and Air Canada Maple Leaf Lounge access) are only accessible on flights that have been booked using Aeroplan miles and not on those you bought outright with your card.

The TD Aeroplan Visa Infinite is considered by many to be the best airline credit card out there and also one of the better overall travel credit cards. What makes this card so popular – aside from the obvious fact it’s associated with Aeroplan, Canada’s largest frequent flyer program – is its robust set of perks. Be it the sign-up bonus or the insurance benefits, it has something for everyone.

The TD Aeroplan Visa Infinite also offers one of the most efficient ways to rack up Aeroplan miles on your everyday spending, which you can go onto redeem for flights to almost anywhere in the world.

For everything you need to know about the TD Aeroplan Visa Infinite Card, read our full review below.

TD Aeroplan Visa Infinite Card – Overview

  • Annual fee: $120 (waived for first year)
  • Earn 1.5 miles per dollar spent on gas, groceries, pharmacies and Air Canada purchases
  • Get 1 mile per dollar spent on all other purchases
  • Welcome offer: Get up to 25,000 Aeroplan Miles
  • Income required: $60,000

Note: Changes are coming to TD Aeroplan Visa Infinite. See details here.

Sign-up bonus

The TD Aeroplan Visa Infinite’s sign-up bonus, which is broken up into three parts, is arguably among the card’s best features.

First, the card’s $120 annual fee will be completely waived for the first year. In terms of bonus miles, you’ll start out with 15,000 Aeroplan miles just for making your first purchase on the card. That’s enough to book one roundtrip short-haul flight to popular nearby destinations like Ontario to New York or British Columbia to Alberta (or vice versa). You’ll also get another 10,000 bonus miles when you spend at least $1,500 on the card within the first three months.

Earning and redeeming miles

With the TD Aeroplan Visa Infinite, you’ll pocket 1.5 Aeroplan miles for every $1 you spend on gas, groceries, and at pharmacies, as well as eligible purchases made on Air Canada’s website. You’ll get 1 mile for every dollar you charge to the card everywhere else.

You can also earn miles twice if, when you use your TD Aeroplan Visa Infinite at partner brands, you also present your Aeroplan membership card. Plus, you can take advantage of bonus offers and special discounts when shopping from Aeroplan’s e-store.

In our opinion, the ability to quickly earn bonus miles on your everyday spending is a key reason why the TD Aeroplan Visa Infinite is one of Canada’s best Aeroplan credit cards.

Value of Aeroplan miles

When trying to break down the value of Aeroplan miles into pure dollar terms, it’s important to note miles don’t have a constant value. The number of miles required to redeem a flight depends on a variety of factors, including your desired destination and travel class. So, it makes it a little harder to judge the value of Aeroplan miles because context is everything. That said, we’ve calculated the overall average value of 1 mile to be $0.0120 when redeemed for travel (the equivalent of 1.2%). However, depending on where you fly, the value of a mile can jump to well over $0.02 (or 2%).

As far as redemptions go, you can use miles for flights on Air Canada or any of the over two-dozen Star Alliance partner airlines via the Aeroplan app or website.

Considering all of the above, it’s clear Aeroplan isn’t the simplest loyalty program out there. But, if you’re a frequent flyer who’s willing to invest a bit of time researching how to maximize your miles or if your airline of choice is Air Canada, then it can make for a lucrative match.

Fees, interest rate and income requirements

To be eligible for the TD Aeroplan Visa Infinite, you’ll need to earn a minimum annual income of $60,000, or $100,000 as a household. You’ll also need a good credit score (660 or above is generally recommended).

The card has an annual fee of $120, however, as highlighted earlier, TD will waive it for your first year. You can also have the annual fee waived after the first year if you bank with TD and have an All-Inclusive Account. That said, you’ll need to maintain a $5,000 chequing account balance at all times to make it worth your while.

In terms of interest rates, this card has a purchase APR of 19.99% in Ontario and 20.99% in Quebec – which is the standard for most rewards cards and will only come into effect if you carry a balance. The APR on balance transfers and cash advances is a notch higher at 22.9%.

Travel Insurance (and other perks)

When you’re away on a trip, you can rest easy knowing that the card’s extensive suite of travel insurance benefits has you covered, and you won’t have to pay out of pocket for out of province coverage. The card’s coverage includes:

Insurance Coverage amount
Travel medical emergency $1,000,000 for up to 21 days
Travel accident Up to $500,000
Trip cancellation $1,500 per person (maximum of $5,000)
Trip interruption $5,000 per person (maximum of $25,000)
Flight delay $500 per person (after 4 hours)
Delayed and lost baggage Maximum of $1,000 per trip (after 6 hours)
Car rental insurance Up 48 consecutive days

In order for the insurance to kick in, you’ll need to charge the full cost of the travel expense on your TD Aeroplan Visa Infinite Card. You can read the fine print on the card’s insurance benefits here, or contact TD over the phone at 1-866-374-1129 to get more details about your coverage eligibility.

Other travel benefits include complimentary Visa Infinite Concierge service, which is available 24/7 and offers advice and insights on everything from travel bookings to restaurant recommendations. You can also save up to 10% off the lowest available rates on qualifying car rentals from Avis and Budget when you charge the rental to your card.

Air Canada benefits

This card allows you to take advantage of a selection of travel benefits when you redeem your Aeroplan Miles for flights operated by Air Canada. These include:

  • Complimentary first checked bag
  • Priority check-in
  • Priority boarding
  • One annual one-time guest access benefit to an Air Canada Maple Leaf Lounge

These Air Canada perks are great and can make for a far smoother and comfortable travel experience. It’s worth reiterating, however, these benefits only apply on flights you booked using miles and not those you bought outright on your card.

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