As of November 8, 2020, this card will be rebranded and relaunched with all-new benefits to coincide with the new Aeroplan loyalty program.

Read more about the new Aeroplan credit cards by TD, CIBC, and American Express.

The Bonuses

As TD’s top-tier Aeroplan co-branded credit card, the TD Aeroplan Visa Infinite Privilege currently offers 25,000 Aeroplan miles upon making your first purchase on the card, followed by 25,000 Aeroplan miles upon spending $1,500 in the first three months, for a total of 50,000 Aeroplan miles.

According to the Aeroplan Reward Chart, 50,000 Aeroplan miles would be enough for two round-trip flights within North America in economy class or a round-trip flight within North America in business class. You could also use the miles towards a larger redemption, such as an Aeroplan Mini-RTW in business class starting at 150,000 Aeroplan miles.

50,000 Aeroplan miles is one of the highest offers we’ve ever seen on this card, making it a good time to apply for the card now. However, it’s widely regarded that the offers in November as of the new Aeroplan program‘s launch are likely to be very strong as well.

As a Visa Infinite Privilege product, this card also commands a relatively high annual fee of $399. Although TD runs a promotion with its All-Inclusive Banking Plan that reduces the annual fee of select credit cards by $120, the TD Aeroplan Visa Infinite Privilege is excluded from the list of eligible cards.

Therefore, there are numerous other offers on the market that represent better value for earning Aeroplan miles at the moment, so I’d only consider the TD Aeroplan VIP if you’ve already exhausted the many better offers out there.

Rewards & Benefits

In terms of the returns on everyday spending, the TD Aeroplan Visa Infinite Privilege offers cardholders:

• 1.5 Aeroplan miles per dollar spent on groceries, gas, drugstores, and Air Canada purchases
• 1.25 Aeroplan miles per dollar spent on everything else

For a premium credit card, the earning rates are quite ordinary. After all, the mid-range TD Aeroplan Visa Infinite already offers 1.5x Aeroplan miles on the same categories; it’s only the 1.25x earning rate on general purchases that’s higher on the TD Aeroplan VIP.

I wouldn’t go out of my way to get this card for a $399 annual fee solely for its earning rate, but if you do have the card, then the 1.25x return on all purchases is pretty competitive in the “everything else” category.

The TD Aeroplan VIP also offers a few extra benefits to talk about. As a cardholder, you’ll enjoy priority boarding, priority check-in, and a free first checked bag on all Air Canada flights; meanwhile, you’ll also get up to four annual complimentary visits to a Maple Leaf Lounge, but only when you redeem Aeroplan miles for an Air Canada flight.

The card also offers a second form of lounge access: a complimentary Priority Pass membership with six annual complimentary visits per year. Both the Maple Leaf Lounge and Priority Pass benefits can be shared to any number of guests (for example, the six Priority Pass visits can be used for six separate visits for one passenger, three lounge visits as a couple, one visit as a six-person group, etc.), so between the two benefits, the TD Aeroplan VIP should cover a fair chunk of your annual lounge-hopping needs.

Finally, the card offers a 50% off companion voucher for a full-fare Air Canada business class ticket. While the savings from that companion voucher can be significant for a high-rolling couple, I don’t imagine that many readers will be in the position to shell out for full-fare business class tickets in the first place.

(It’s worth noting that this card’s earning rate and benefits packages are virtually identical to its CIBC-issued counterpart, the CIBC Aerogold Visa Infinite Privilege.)

Insurance Coverage

As a high-end product, the TD Aeroplan Visa Infinite Privilege excels in the insurance department. Some examples of its strong coverage include:

• Emergency medical insurance: Up to $5 million of coverage for the first 31 days of your out-of-province trip (10 days if you or your spouse is aged 65 or older).
• Delayed and lost baggage insurance: For delayed baggage, up to $1,000 of coverage per insured person if delayed more than 4 hours. For lost baggage, up to $2,500 of coverage per insured person.
• Flight delay insurance: Up to $1,000 in coverage if your flight/trip is delayed more than 4 hours
• Trip cancellation / trip interruption insurance: For Trip Cancellation, up to $2,500 of coverage per insured person, with a maximum of $5,000 for all insured persons, and for Trip Interruption, up to $5,000 of coverage per insured person, with a maximum of $25,000 for all insured persons on the same covered trip.
• Auto rental collision/loss damage insurance: Comprehensive coverage for up to 48 consecutive days, which can help you save on the insurance fees that the car rental company would otherwise charge.

It’s important to note that these benefits would also apply on Aeroplan reward tickets, as long as you charge the taxes and fees of your booking to your TD Aeroplan Visa Infinite Privilege.

Additionally, the card also offers Purchase Security and Extended Warranty Protection, covering most eligible items you’ve purchased with your card should they be stolen or damaged within 120 days of purchase, as well as a doubled warranty period compared to the manufacturer’s warranty.