Is the TD Aeroplan Visa Infinite Credit Card truly one of the best rewards credit cards in Canada?
|TD Aeroplan Visa Infinite Credit Card: At a Glance|
|Sign-up bonus points: 15,000 Aeroplan Miles||Qualifying annual income: $60,000, or $100,000 annual household income|
|Annual fee: $120||Recommended credit score: Good to excellent|
|Purchase interest rate: 19.99%||Rewards: Earn 1 Aeroplan Mile for every $1 in purchases charged to the credit card. Earn $1.5 Aeroplan miles per $1 spent on eligible gas, grocery, drugstore and AirCanada.com Purchases.|
One of many travel rewards cards linked to the Aeroplan Miles loyalty program, the TD Aeroplan Visa Infinite credit card provides members with opportunities to earn Miles while taking advantage of Visa Infinite benefits. But is it really as good as it looks on paper? We look at whether it’s truly one of the best rewards credit cards in Canada.
The Aeroplan Miles Rewards Program: How It Works
The Aeroplan Miles program is a rewards system with a focus on travel with Air Canada, a leading Canadian airline. Aeroplan Miles can be redeemed for travel rewards including flights on Air Canada and their partner airlines, hotel stays, car rentals, and vacation packages. Additionally, there are experiential rewards like events tickets, plus merchandise available through the Aeroplan program. You can also donate your Miles to select charities, or transfer them to another member.
Air Canada and its partner airlines operate in over 190 countries worldwide. With Aeroplan Miles, you can travel in different classes—economy to first-class—or with Market Fare Flight rewards you have unrestricted access to any available seat. Round-trip flights start at 15,000 Miles and cost up to 280,000 Miles; one-way trips cost half of that. With the “Around the World” flight option, you have a maximum of five stopovers and one crossing for both the Atlantic and Pacific oceans.
One important caveat to note: the Aeroplan program is being completely overhauled and relaunched in 2020. Right now, we don't know how that will affect the rewards system, so it's food for thought if you're looking to apply for a credit card that's geared at racking up Aeroplan Miles.
TD Aeroplan Visa Infinite Credit Card Review: The Rewards
With the TD Aeroplan Visa Infinite Credit Card, you get:
- 15,000 Miles on first purchase with no minimum spend
- 5:$1 spent on gas, grocery, drugstore, and purchases on AirCanada.com
- 1:$1 spent on all other purchases
- Twice the Miles earned when you use your card at over 150 Aeroplan partners and more than 120 online retailers
The redemption process for the Aeroplan program can be a little confusing, depending on what you are trying to achieve. For merchandise or events tickets, you can simply go to the online Aeroplan store, log in, and purchase. While there is a broad catalogue to choose from, the store itself feels a little dated. There aren’t the deep descriptions, images, and reviews that are standard now on most eCommerce sites, and the result is a lack of confidence in the product offerings.
If you’re trying to get a flight, however, you’ll have to navigate the program options first. Miles can go towards Fixed Mileage Fight Rewards or Market Fare Flight Rewards, each with its own matrix. The number of Miles required will be further dependent on season and other options, but the good news is that your Miles apply to all costs—including the taxes, fees, and surcharges. You can redeem online, or call a representative for help.
In addition to the opportunity to earn Aeroplan Miles, cardholders receive:
- Travel emergency medical insurance for you, your spouse, and dependent children for up to 21, without even having to charge the trip to your card
- Other travel coverage including trip cancellation or interruption, delayed or lost baggage, flight/trip delay, travel accident, and car rental insurance
- One complimentary checked bag on Air Canada flights
- Priority check-in and boarding on Air Canada flights
- One free guest pass to the Air Canada Maple Leaf lounge annually
- Preferred rates at Avis Rent-A-Car and Budget Rent-A-Car
The Visa Infinite program offers its members benefits including:
- 24-hour Visa Infinite Concierge to arrange reservations and help with your to-do list
- Visa Infinite Luxury hotel experiences
- Visa Infinite Food and Wine experiences
Pros and Cons of the TD Aeroplan Visa Infinite Credit Card
Like other Aeroplan cards, the TD Aeroplan Visa Infinite offers some decent travel benefits, like the complimentary checked bag, priority check-in and boarding, and a visit to the Maple Leaf lounge. TD’s travel insurance package is good—and it applies even if you didn’t charge the trip to your card. Cardholders also get the benefits of Visa Infinite perks.
The welcome bonus of 15,000 is average at best, and the Miles to dollars ratio is exactly the same as other cards in the Aeroplan program—which, itself, is somewhat limited. Redemption could be easier, and with the program slated to change in 2020, it’s unclear whether it’s worth it.
The Verdict: Is the TD Aeroplan Visa Infinite Credit Card Worth It?
We’re loving some of the perks of this credit card: one complimentary checked bag on Air Canada flights, priority check-in and boarding on Air Canada flights, and the free lounge pass are all enticing. Also, the comprehensive travel insurance that doesn’t require you to charge the trip onto the credit card is a big bonus.
However, we’ve got a few concerns about the TD Aeroplan Visa Infinite Credit Card. The benefits and earning opportunities aren’t strong enough to warrant a $120 annual fee, and the impending overhaul of the Aeroplan program in 2020 leaves many questions unanswered about how it will impact reward value. Our advice? Check out these other best travel rewards credit cards in Canada, and then decide if the TD Aeroplan Visa Infinite Credit Card is for you.