TD Aeroplan Visa Infinite Privilege Review 2024: Is It Worth It?
Jun 19, 2024Anyone seeking a credit card that earns Aeroplan points and offers luxurious travel perks will want to consider the TD Aeroplan Visa Infinite Privilege Card.
The TD® Aeroplan® Visa Infinite Privilege* Credit Card earns Aeroplan points with accelerated rates on dollars spent with Air Canada. The metal card carries a hefty annual fee but may be worthwhile for travel lovers seeking airport lounge access and comprehensive insurance coverage.
View details
TD® Aeroplan® Visa Infinite Privilege* Credit Card full review
The TD® Aeroplan® Visa Infinite Privilege* Credit Card is a travel rewards credit card that earns Aeroplan points. Points can be redeemed for flights, hotel stays, car rentals, merchandise, gift cards and more.
Benefits of the TD® Aeroplan® Visa Infinite Privilege* Credit Card
The TD® Aeroplan® Visa Infinite Privilege* Credit Card’s travel perks are its crown jewel. The card comes with unlimited Maple Leaf Lounge access across Canada and the U.S., priority boarding and baggage handling, discounted flight passes for travel companions, NEXUS rebates and more.
» MORE: Best credit cards with airport lounge access
Drawbacks of the TD® Aeroplan® Visa Infinite Privilege* Credit Card
The $599 annual fee may be a dealbreaker for those considering the TD® Aeroplan® Visa Infinite Privilege* Credit Card. Another limiting factor? The steep annual income criteria. Applicants must have a personal annual income of at least $150,000 or an annual household income of at least $200,000 to qualify.
Who should get the TD® Aeroplan® Visa Infinite Privilege* Credit Card?
Travellers and jet-setters who frequently fly with Air Canada stand to benefit most from the TD® Aeroplan® Visa Infinite Privilege* Credit Card. The card offers its highest earn rate on money spent on eligible Air Canada purchases, and some of its travel perks, like priority boarding and baggage handling, are only available on Air Canada flights.
Is the TD® Aeroplan® Visa Infinite Privilege* Credit Card worth it?
The card carries a very hefty $599 annual fee that won’t make it a good fit for many consumers, as well as high annual income requirements. However, the TD® Aeroplan® Visa Infinite Privilege* Credit Card may be worthwhile for those who frequently travel and fly Air Canada, as they will be best positioned to take advantage of this card’s numerous perks.
TD Bank customer ratings
Below average customer satisfaction: TD Canada Trust ranks 10th out of 13 credit card issuers in J.D. Power’s 2024 Canada Credit Card Satisfaction Study.
Low Trustpilot rating: 1.3 out of 5 possible stars based on over 2,200 customer reviews, as of this writing.
Poor Better Business Bureau rating: 1.24 out of 5 possible stars based on more than 60 customer reviews, as of this writing.
TD® Aeroplan® Visa Infinite Privilege* Credit Card eligibility
Who qualifies for the TD® Aeroplan® Visa Infinite Privilege* Credit Card?
To qualify for the TD® Aeroplan® Visa Infinite Privilege* Credit Card, you must:
Be a Canadian resident.
Be at least the age of majority for your province or territory.
Have a personal annual income of at least $150,000 or an annual household income of at least $200,000.
Approximate credit score needed for approval
Canadian credit card issuers rarely disclose required credit scores, which makes it hard to know your chances of approval when comparing credit cards. However, higher scores generally mean better chances of approval, and that’s true regardless of the type of credit you’re applying for.Want to learn more? Visit our “What Credit Score is Needed for a Credit Card?” page.
TD® Aeroplan® Visa Infinite Privilege* Credit Card rewards
Earn up to 80,000 Aeroplan points if you’re approved for the card by January 6, 2025.
Get 20,000 points when you make your first purchase with your new card.
Get an additional 30,000 points when you spend at least $12,000 within your first six months of card membership.
Get a 30,000-point anniversary bonus when you spend at least $24,000 within the first year of card membership.
Earn Aeroplan points at the following rates:
2 Aeroplan points per $1 spent on eligible Air Canada purchases.
1.5 Aeroplan points per $1 spent on groceries, gas, travel and restaurant purchases.
1.25 Aeroplan points per $1 spent on all other purchases.
Points can be redeemed for flights, hotel stays, car rentals, merchandise, gift cards and more.
According to NerdWallet analysis, the average value of 1 Aeroplan point is 2.23 cents. That means that the TD® Aeroplan® Visa Infinite Privilege* Credit Card’s welcome offer of 80,000 Aeroplan points is worth about $1,784, depending on how you redeem your points. But this card’s true value resides in its travel perks.
The TD® Aeroplan® Visa Infinite Privilege* Credit Card offers a slew of luxurious benefits. Cardholders get unlimited Maple Leaf Lounge access across Canada and the United States — a membership that would cost at least $375 annually to purchase outright, and at the time of this writing, is not actually available. And the airport lounge access doesn’t end there. Cardholders receive an additional six airport lounge passes annually via the Visa Airport Companion Program for access to over 1,200 airport lounges worldwide.
The TD® Aeroplan® Visa Infinite Privilege* Credit Card also offers access to NEXUS fee rebates of up to $100 every four years.
The card comes with robust travel insurance, as well, including up to $5 million of travel medical coverage per insured person per trip. The extensive insurance could prove valuable if it ever needs to be put to use.
Point value breakdown
Based on our analysis, the average value of 1 Aeroplan point is worth 2.23 cents.
More specifically, you can expect to get around:
1.69 cents in value per Aeroplan point for economy class awards on Air Canada flights.2.81 cents in value per Aeroplan point for business class awards on Air Canada flights.
How to apply for the TD® Aeroplan® Visa Infinite Privilege* Credit Card
The application process for the TD® Aeroplan® Visa Infinite Privilege* Credit Card can be completed online by visiting TD Bank’s website:
Navigate to the TD® Aeroplan® Visa Infinite Privilege* Credit Card’s page and select Apply online.
Review the card’s terms and conditions and select I Agree to continue.
Enter your full name, date of birth, phone number, email address and residential address.
Tell TD Bank more about your employment status and finances, including your annual income and residential status.
Review your information and submit your application.
TD® Aeroplan® Visa Infinite Privilege* Credit Card vs American Express® Aeroplan®* Reserve Card
If you want a metal credit card that earns Aeroplan points, the TD® Aeroplan® Visa Infinite Privilege* Credit Card is far from your only option. For instance, the American Express® Aeroplan®* Reserve Card charges the same annual fee ($599) and comes with comparable benefits, but it earns Aeroplan points at a higher rate.
Rewards breakdown
Rewards breakdown
NerdWallet's take
NerdWallet's take
Card details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card detailsReasons you might want a different card
The TD® Aeroplan® Visa Infinite Privilege* Credit Card may not be a practical fit if:
You don’t fly Air Canada often.
You want to earn a different type of reward, like cash back or Air Miles.
You want a credit card with no annual fee, or a lower annual fee.
You don’t meet the high income requirements.
You don’t plan to spend $25,000 per year on the card, which is required to earn the annual companion pass.
TD® Aeroplan® Visa Infinite Privilege* Credit Card facts
TD® Aeroplan® Visa Infinite Privilege* Credit Card | |
|---|---|
Card type | |
Fees and interest rates | |
Annual fee | $599 |
Regular/purchase APR | 20.99%. |
Penalty APR | 25.99% for purchases and 27.99% for cash advances if you miss two payments within 12 months as of June 2024. This penalty APR will stay in place until you’ve made 12 consecutive payments on time. |
Cash advance APR | 22.99%. |
Cash advance fee | $3.50 to $10 per transaction. |
Balance transfer APR | 22.99%. |
Balance transfer fee | 3% of the transaction amount. |
Foreign transaction fee | 2.5% of the transaction amount. |
Rewards and benefits | |
Intro offer | Earn up to 80,000 Aeroplan points: Earn a welcome bonus of 20,000 Aeroplan points when you make your first purchase with your new card†. Earn an additional 30,000 Aeroplan points when you spend $12,000 within 180 days of Account opening†. Plus, earn a one-time anniversary bonus of 30,000 Aeroplan points when you spend $24,000 within 12 months of Account opening†. Account must be approved by January 6, 2025. |
Reward earn rates |
|
Other perks |
|
Insurance coverage | |
Travel accident | Up to $500,000. |
Travel medical | Up to $5 million per insured person per trip for up to 31 days, or if you’re aged 65 or older, for up to 4 days. |
Flight delay | Up to $1,000 for necessary accommodations, restaurant expenses and sundries. |
Baggage delay | Up to $1,000 for essential clothing and sundry items. |
Lost or stolen baggage | Up to $2,500 of coverage per insured person. |
Hotel burglary | Up to $2,500 of coverage for personal items. |
Rental car theft/damage | Collision/loss damage coverage for up to 48 days. |
Extended warranty | Up to two additional years. |
Purchase protection | 120 days. |
Mobile device protection | Up to $1,500 of mobile device protection in case of loss, theft, accidental damage or mechanical issues. Conditions apply. |
Methodology
BACK TO TOPNerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation methodology include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.
DIVE EVEN DEEPER
Shannon Terrell
Shannon Terrell