Credit Card Profile: TD Aeroplan Visa Infinite

Review of the TD Aeroplan Visa Infinite

As part of the Aeroplan program, TD® Aeroplan ®Visa Infinite cardholders can earn up to 1.5 Miles per dollar spent on eligible gas, grocery, drug store, and AirCanada.com purchases on the first $80,000 spent annually in these categories. Points can be redeemed for any seat, at any time, for all Air Canada flights, at fixed mileage levels. Cardholders get instant VIP treatment when flying with Air Canada, such as priority boarding and check in, a free checked bag, and access to Maple Leaf Lounges. Cardholders can also call a 24-hour personal concierge for help with everything from travel booking to finding local attractions.

The card carries the standard interest rate of 19.99 percent along with a 22.99 percent rate on all balance transfers and cash advances. It also features a $120 annual fee and a charge of $50 for each additional cardholder.

Let’s see if this card can get you to your dream vacation.

Card Vitals

Annual Purchase Rate: 19.99

Annual Fee: $120 ($50 for each additional card under the same cardholder)

Cash Advance and Balance Transfer: 22.99

Sign-up Bonus

The travel rewards space has been heating up lately, with lenders offering massive point bonuses and instant vacations for new signups – and this card is no exception. Newcomer clients will receive 15,000 welcome bonus Miles on their first purchase, as well as two times the Aeroplan Miles on eligible purchases made in the first three months (up to a total of 20,000 Miles). Earn 5,000 bonus Aeroplan Miles when you add an authorized user to your account by the first of December. Keep in mind the annual fees for authorized users still apply.

This offer is not available for residents of Quebec. For Quebec residents please click here.

Earning Potential

It’s also a heavy hitter when earning daily rewards:

  • Gas, grocery and Air Canada: Earn 1.5 Aeroplan Miles per dollar on eligible gas, grocery, drugstore, and AirCanada.com purchases, excluding Air Canada Vacation packages, to a maximum spend of $80,000 annually.
  • Other: Earn one Mile on all other purchases and double the Miles when used at Aeroplan participating retailers.

Benefits

The card also offers a very comprehensive range of insurance coverage, including:

  • $1 million in travel medical for the cardholder, spouse and kids for up to 21 days (4 days if the cardholder is over 65).
  • Trip cancellation (due to emergency, illness or death of the cardholder or family member) of up to $5,000, for travel that was booked on the card.
  • $500 for expenses due to flights delayed more than four hours, such as restaurant meals and hotel accommodations.
  • A 24-hour emergency hotline.

Is This The Card For You?

Great perks: TD’s first Aeroplan card is indeed a plush option and could prove to be of great value for the family that enjoys regular vacations. The ability to earn Aeroplan Miles quickly with daily purchases like gas and groceries is ideal, and the priority boarding, baggage, lounge and check in perks will take some of the stress out travel for families on the go.

Airline restrictions: However, travellers should note that Aeroplan miles can only be redeemed with Air Canada – the option to compare airline fares to get the best deal on sites like Expedia or Hotwire is out the window here. Aeroplan has also been the subject of criticism in the past for offering only limited seat selection for rewards flyers. In comparison, other travel rewards programs now offer the flexibility to book any seat on any airline, as long as said card is used for the transaction.

Pricey fee: This card also packs a hefty annual fee of $120, meaning your rewards earnings will be offset to a certain extent. With cash advance and balance transfer features at a steep 22.99 per cent, this isn’t an ideal card for someone requiring support with debt repayment, or prone to carrying a balance.

To sum up – if your card use outweighs the fee, don’t carry a balance, fly frequently and don’t mind the airline restrictions, this card is sure to pay off with many a vacation.

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