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Aeroplan points @ 1.8¢/pt
TD Aeroplan Visa Infinite Privilege — Net Value & Math
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
C1
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 | $1,391 | |||
C2
When to swipe it
One card per situation
✓ Use when
- Recurring bills and 'all other' uncategorized spend — 1.25x base × 1.8¢ Aeroplan = 2.25¢/$, 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.
C3
Cap Pools
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.
C4
Perks & insurance
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).