Summary of the TD Aeroplan Visa Infinite Card
Understanding the features and requirements of the TD Aeroplan Visa Infinite Card is essential for prospective cardholders. This guide provides a comprehensive overview of the reward structure, eligibility criteria, and the necessary steps to complete an application for this financial product.
| Bank Issuer | TD Canada Trust (The Toronto-Dominion Bank) |
| Type of Reward | Aeroplan points |
| Cashback Rate | 1.5 points on grocery, gas, and Air Canada; 1 point on other purchases |
| Annual Fee | $139 (first-year rebate available under certain conditions) |
| Interest Rate (CAT) | 21.99% (purchases); 22.99% (cash advances) |
| Minimum Income | $60,000 personal or $100,000 household |
| Network Tier | Visa Infinite |
Rewards and Accumulation Structure
The TD Aeroplan Visa Infinite Card is designed for individuals who frequently travel or utilize Air Canada services. The primary reward currency is Aeroplan points, which are earned on every eligible purchase made with the card. The accumulation rates are tiered based on the spending category.
Cardholders earn 1.5 Aeroplan points for every $1 spent on eligible gas, electric vehicle charging, and grocery purchases. This higher rate also applies to purchases made directly through Air Canada, including Air Canada Vacations. This accelerated earning rate is applicable on up to $80,000 of annual spending across these categories. Once this limit is reached, or for all other types of purchases, the earning rate is 1 Aeroplan point per $1 spent.
Fees and Interest Rates
The annual fee for the TD Aeroplan Visa Infinite Card is $139. However, TD Canada Trust often provides an annual fee rebate for the first year, provided the applicant meets specific account opening conditions. It is important to note that interest rates for this card are set at 21.99% for standard purchases and 22.99% for cash advances. These rates are consistent with many premium travel reward cards in the Canadian market.
Eligibility and Application Requirements
To be eligible for the TD Aeroplan Visa Infinite Card, applicants must meet specific financial and residency criteria. The card is positioned as a premium product, and the minimum income requirements reflect this status. Applicants must have a minimum gross annual personal income of $60,000 or a minimum gross annual household income of $100,000.
General eligibility requirements include:
- Residency in Canada.
- The age of majority in the applicant’s specific province or territory.
- Meeting the minimum income threshold mentioned above.
During the online application process, several pieces of documentation and personal information will be required. These include the applicant’s full legal name, date of birth, home address, and contact details such as a phone number and email address. Furthermore, the bank requires information regarding employment status, residential status, and gross annual income to assess creditworthiness.
Additional Benefits and Travel Perks
Beyond the accumulation of Aeroplan points, the TD Aeroplan Visa Infinite Card offers a suite of travel-related advantages and insurance coverages. These perks are designed to provide convenience and financial protection during travel and for everyday purchases.
Key additional features include:
- Air Canada Travel Benefits: A free first checked bag for the primary cardholder, additional cardholders, and up to eight companions travelling on the same reservation.
- NEXUS Rebate: An application fee rebate of up to $100 every 48 months to assist with faster border crossings.
- Travel Insurance: Comprehensive coverage including travel medical insurance, trip cancellation/interruption, flight delay, and baggage insurance.
- Visa Infinite Services: Access to the Visa Infinite Concierge, the Luxury Hotel Collection, and exclusive Dining Series events.
- Automotive Perks: Auto rental collision/loss damage insurance and eligibility for Avis Preferred Plus enrolment.
- Purchase Protection: Mobile device insurance, purchase security, and extended warranty protection for eligible items bought with the card.
Considerations for Applicants
While the card offers significant rewards for travellers, potential applicants should consider the income requirements and the annual fee. Those who do not meet the $60,000 personal income threshold may need to explore other Aeroplan-affiliated cards with lower requirements. Additionally, the value of the rewards is most effectively realized by those who frequently fly with Air Canada or its partner airlines within the Aeroplan network.