Aeroplan points @ 1.8¢/pt

TD Aeroplan Visa Infinite Privilege

Annual fee $599 · 2.5% FX · Insurance 10/10 · Lounge 7/10

Net value @ your spend

+$692

rewards $1,391 · credits $25 · fee −$599 · fx −$125

Per-category math

rate × spend × ¢/pt = $ earned

Category	Rate	Spend	¢/pt	= Earned
Groceries	1.5×	$12,000	1.8¢	$324
Dining	1.5×	$8,000	1.8¢	$216
Travel	1.5×	$10,000	1.8¢	$270
Gas	1.5×	$4,000	1.8¢	$108
Recurring	1.25×	$6,000	1.8¢	$135
All Other	1.25×	$15,000	1.8¢	$338
Subtotal				$1,391

One card per situation

✓ Use when

Recurring bills and 'all other' uncategorized spend — 1.25x base × 1.8¢ Aeroplan = 2.25¢/$, the best uncapped catch-all rate.
Air Canada flight purchases — 2x Aeroplan + Maple Leaf Lounge access + waived first checked bags for up to 8 companions makes it dominant for Air Canada flyers.
ANY flight you take, even on competing airlines — top-tier $5M medical (4 days if 65+), trip cancel/interrupt, $1,500 mobile device, and best-in-class insurance score (10/10) override pure earn-rate math.
Hotel bookings where you want the strong travel insurance and trip protection.
Foreign spend — least-bad option here: 1.25x × 1.8¢ = 2.25¢ partially offsets the 2.5% FX (net loss ~0.25¢/$ vs. ~1.5¢/$ on TD/BMO cards).

✗ Avoid when

If you don't fly Air Canada at least 2–3x per year, the $599 fee is hard to justify — net value is only $692 in this profile vs. $1,146 for TD First Class.
Groceries, dining, gas, travel-via-Expedia — beaten by Eclipse or First Class.

No category caps on this card

Every bonus category on this card is uncapped — you earn the headline rate on every dollar of qualifying spend.

Direct from the issuer

Notable perks

First free checked bags for up to 8 travel companions.
Annual worldwide companion pass from $99 after $25,000 annual spend.
Priority Check-In, Boarding, and Baggage Handling for the cardholder and up to 8 companions.
Priority Airport Standby & Upgrades.
Complimentary upgrade to Avis President’s Club status.
Earn 50% more Aeroplan points and bonus Starbucks Stars at Starbucks.
Complimentary 6-month Uber One membership.

Insurance

Travel Medical Insurance: Up to $5 million for 31 days (4 days if age 65+).
Trip Cancellation up to $2,500 per person and Trip Interruption up to $5,000 per person.
Flight/Trip Delay Insurance: Up to $1,000 for delays over 4 hours.
Delayed Baggage Insurance up to $1,000 and Lost Baggage Insurance up to $2,500.
Common Carrier Travel Accident Insurance up to $500,000.
Auto Rental Collision/Loss Damage Insurance for up to 48 days.
Hotel/Motel Burglary Insurance up to $2,500.
Mobile Device Insurance up to $1,500.
Purchase Security and Extended Warranty Protection (up to 24 additional months).

Other cards