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TD® Aeroplan® Visa Infinite* Card review

Luxury travel card for high-income individuals

Welcome Offer Ends Jan 6, 2025

Earn up to $1,300 in value† including up to 40,000 Aeroplan points† and no Annual Fee for the first year†. Conditions Apply. Account must be approved by January 6, 2025.

• Rates & Fees
• Eligibility

1.5 points† for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)

1 point† Earn 1 point for every $1 you spend on all other purchases

2x Earn points twice with Aeroplan partner brands and on the Aeroplan eStore.

50% Earn 50% more Aeroplan points at Starbucks when you link your card to your account. Conditions apply.

1 NEXUS application fee rebate every 48 months†

1st checked bag free for you and up to 8 travel companions†

20.99% Purchase APR APR for purchases 20.99%†

22.99% Balance Transfer Rate APR for balance transfers 22.99%†

22.99% Cash Advance APR APR for cash advances 22.99%†

$139 Annual Fee Additional cardholder is $75† ; Get an annual fee rebate for the first year†

2.50% Foreign Transaction Fee Foreign transaction fee: 2.50%†

Excellent Recommended Credit Score

$60,000 Required Annual Personal Income

$100,000 Required Annual Household Income

By Barry Choi & Tyler Wade

Updated: September 04, 2024

• Best credit cards in Canada
• Best Travel credit cards
• Best rewards credit cards
• Best credit card offers
• Best credit cards for rental car insurance
• Best Aeroplan credit cards
• TD Aeroplan Visa Infinite Privilege
• American Express Aeroplan card
• CIBC Aeroplan Visa Infinite Privilege
• CIBC Aeroplan Visa Infinite

Quick overview of the TD® Aeroplan® Visa Infinite* Card

The TD® Aeroplan® Visa Infinite* Card is a versatile credit card with various benefits and features. It offers perks and rewards, making it a great choice for maximizing credit card benefits. The Visa Infinite* version of the TD® Aeroplan® Card provides Aeroplan points on every purchase, exclusive travel benefits like priority boarding, and comprehensive travel insurance coverage.

Who is the TD Aeroplan® Visa Infinite* Card for?

With its competitive earn rates and comprehensive travel insurance package, this card is perfect for individuals who enjoy collecting Aeroplan Points or frequently travel. If you fall into either of these categories, we highly recommend learning more about this card and seeing if it aligns with your needs and preferences. 

TD® Aeroplan® Visa Infinite* Card: Pros and cons

The card has a high earn rate for Aeroplan Points, generating 1.5 points† per $1 spent on eligible purchases.

Insurance offered includes coverage in the categories that travellers need, and is generally better than its Aeroplan peers at a similar annual fee level.

No airport lounge membership or free lounge access.

Aeroplan points can’t be redeemed for flights outside the Star Alliance network, nor can they be redeemed for cash credit. This makes them less flexible than some competing travel rewards programs.

Welcome bonus of the TD® Aeroplan® Visa Infinite* Card

While the $139 annual fee might raise eyebrows, the Aeroplan® Visa Infinite* from TD Bank more than recoups that cost with its impressive welcome bonus.  Earn up to $1,300 in value† including up to 40,000 Aeroplan points† and no Annual Fee for the first year†. Conditions Apply. Account must be approved by January 6, 2025.

Here is how the welcome offer breakdown:

• Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card †
• Earn 15,000 Aeroplan points when you spend $7,500 within 180 days of Account opening †
• Plus , earn a one-time anniversary bonus of 15,000 Aeroplan points when you spend $12,000 within 12 months of Account opening †

To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 6, 2025.

How to earn Aeroplan reward points with the Aeroplan® Visa Infinite* Card

With the TD® Aeroplan® Visa Infinite* Card, you’ll earn Aeroplan points on everyday purchases you make with your card:

• Earn 1.5 points † for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)
• Earn 1 point † for every $1 spent on all other purchases.

Beyond the basic earning categories with the card you can expect a few other nice surprises, including:

Earn double points: Pay with your Card and present your Aeroplan Membership Card at participating retailers and the Aeroplan eStore  to earn double the Aeroplan points†.

Earn big rewards on the little things: Earn 50% more Aeroplan Points and 50% more Stars at participating Starbucks® stores. Link your TD Aeroplan Visa Infinite Card to your Starbucks® Rewards account. Conditions apply. Learn more here.

How to redeem Aeroplan points

Aeroplan points never expire as long as your account is open and in good standing. Redeeming points through Aeroplan is easy. You can do so directly through the aircanada.ca website or the AirCanada app. The whole process has been transformed offering you more transparency and simplicity when redeeming your Aeroplan points.

Key Benefits of the TD Aeroplan Visa Infinite Card

The TD® Aeroplan® Visa Infinite* Card packs a hefty punch for its $139 annual fee. The card earns an enhanced 1.5 Aeroplan pointer per dollar spent on eligible gas, grocery, and Air Canada purchases, including Air Canada Vacations. Those categories are robust and should provide cardholders with plenty of opportunities to quickly attain elite Aeroplan program tiers.

But there is so much more. The card packs many travel and other insurance and protection benefits, including travel interruption and cancellation insurance, baggage protection, cell phone coverage, and more. Those are in addition to the other benefits, namely the free 1st checked bag for up to 8 guests on the same itinerary and NEXUS security fast pass credits.

TD Aeroplan Visa Infinite Card insurance coverage

The TD® Aeroplan® Visa Infinite* card provides many insurance benefits as a Visa Infinite product. This card offers a comprehensive travel insurance package, including some things not typically covered by other credit card insurance programs. Here are some things this card’s insurance covers:

Cardholders have access to a toll-free number for any issues or emergencies when it comes to your travels.

Extra Benefits of the Aeroplan Visa Infinite Card from TD

Here are the other excellent travel and lifestyle benefits for frequent flyers that come with the TD® Aeroplan® Visa Infinite* Card:

• Free checked bag: This card’s perks extend even further to checking your bags when you get to your flight. You get your first checked bag free as well as up to 8 other travelers on the same reservation when your flight originates on an Air Canada flight.†
• NEXUS credits: Enroll for NEXUS, and once every 48 months, get an application fee. NEXUS provides pre-screened travelers with expedited processing at the U.S./Canadian border.
• Additional rental car savings: With your TD credit card, you can save 10% off at Avis and Budget locations in North America and at least 5% on locations elsewhere. The TD Aeroplan Visa car rental insurance coverage protects the car and other people's property from damage. Pay the full amount with your card and you can decline the additional insurance coverage at the counter. The car's retail price must be less than $65,000 new, and your rental period cannot exceed 48 consecutive days.
• Visa Infinite concierge access: 24/7 access to Visa Infinite Concierge can help with any Cardholder request, no matter what the size.
• Luxury Hotel Collection access: Exclusive access to bookings at more than over 900 of the finest properties in the world.
• Visa Infinite services: Enjoy access to wine experiences, exclusive golfing events, hard-to-get dinner reservations, and more through Visa Infinite.
• Mobile wallet compatibility: Use Apple Pay, Google Pay or Samsung Pay wherever contactless payments are accepted.
• Chip and pin technology for an added layer of security.

Rates and fees of the TD Aeroplan Visa Infinite Card

Interest rates.

The TD® Aeroplan® Visa Infinite* Card comes with some standard interest rates. You’ll pay 20.99% on standard purchases, 22.99% on balance transfers, as well as 22.99% on cash advances.

• Annual fee: $139
• Additional cardholder† annual fees: $75
• Cash advance transaction: 1% of the amount of the transaction (minimum fee of $3.50 up to a maximum fee of $10.00) (in Canada) or $5.00 (outside Canada), plus $3.00 at a PLUS* network ATM. (Fee does not apply to a Balance Transfer or TD Visa Cheque).
• Foreign transaction fee: 2.5%
• Dishonoured payment fees: $48
• Rush card fee (per rush delivery request): $25
• Overlimit fee: $29
• Balance transfer / cheque fee: 3% of the amount of each Balance Transfer or TD Visa Cheque

How the TD® Aeroplan® Visa Infinite* compares

Aeroplan - td aeroplan visa infinite card vs. american express gold card.

†To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 6, 2025.

†Terms and conditions apply.

As an Amex, the  American Express Gold Rewards Card  has more limited merchant acceptance rates than a Visa or Mastercard, which is definitely a drawback.

But the American Express® Gold Rewards Card does have a hidden feature worth pointing out : its  Amex Membership Rewards points  can be transferred 1:1 to Aeroplan. And if you instead opt to keep the points you earn as Amex points they will still be more flexible than Aeroplan points, as you can redeem Amex points directly against a charge to your credit card.

Comparing Aeroplan Visa Infinite cards

The information for the CIBC Aeroplan® Visa Infinite* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.  This offer is not available for residents of Quebec.  

With virtually the same benefits, complete insurance coverage, and earn rates, it's hard to lose with either card—they're both winners. 

TD Aeroplan Infinite Visa vs. TD Visa Infinite Rewards

The TD First Class Travel® Visa Infinite* Card unlocks any airline, but the best value is when you book with Expedia. Neither Aeroplan nor TD Rewards points expire.  With the same insurance, annual fee, and similar perks, and both highly rated loyalty programs, the question becomes which points have more value. 

The net annual rewards (deducting the annual fee) of the TD Aeroplan Visa Infinite Card is just under $400 and the TD First Class Travel® Visa Infinite* Card (also deducting the annual fee) is around $230 (if you're spending about $2,000 a month). 

The welcome bonus with TD Aeroplan Visa Infinite Card is worth up to $1,300 in value† whereas the TD First Class Travel® Visa Infinite* Card is worth up to $1,000 in value†. 

So TD Aeroplan Visa Infinite Card wins, right? Well, are you more loyal to the Aeroplan where you can switch to Amex, CIBC, Scotia with ease or are you loyal to TD and its reward program? 

Is TD Visa Infinite worth it?

In my opinion, the card’s best features are the travel insurance program and high earn rate. Rewards are valued higher when redeemed for Air Canada flights and lounges but if you can make your travel plans align, it can be worth it.

This card is a great option for eligible, frequent travellers who can take advantage of the high earn categories and practical travel perks. Its sign up bonus gives the card immediate value, while the earn rates and included travel insurance maintain the card’s value even as you pay an annual fee.

TD® Aeroplan® Visa Infinite* credit card eligibility requirements

In order to be eligible for this card you have to be a Canadian resident at the age of majority of their province or territory. You’ll also have to have a minimum personal income of $60,000 or household income of $100,000 and a credit score in the good to excellent range.

This offer is not available for residents of Quebec. For Quebec residents, please click  here .  

The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.

TD Aeroplan Visa Infinite FAQs

How to claim the td aeroplan visa infinite nexus rebate.

To claim the NEXUS rebate with the TD Aeroplan Visa Infinite Card, pay the NEXUS application fee using the card. The rebate will be credited to your account automatically, usually within one to two billing cycles after the fee is charged. Ensure your account is in good standing to receive the rebate​

Does TD Visa Infinite cover car rental insurance?

The TD Aeroplan Visa Infinite Card offers Auto Rental Collision/Loss Damage Insurance. This covers damage or theft of a rental car up to $65,000 value, for rentals up to 48 consecutive days. You must decline the rental company's insurance and pay in full with the card​

Does TD Aeroplan Visa Infinite have lounge access?

No, for Maple Leaf Lounge access, you'll need the TD Aeroplan Visa Infinite Privilege and for guest passes (max 4 per year) you'll need the TD Aeroplan Visa Business card.

Does my TD Visa Infinite cover trip cancellation?

The TD Aeroplan Visa Infinite Card offers Trip Cancellation and Trip Interruption Insurance, covering up to $1,500 per person and $5,000 for all insured persons per trip, subject to conditions and exclusions

Barry Choi is a Toronto-based personal finance and travel expert who makes frequent media appearances. When he's not educating people on how to be smarter with money, he's earning and burning miles and points for luxury travel.

Tyler Wade has worked in personal finance for over 5 years writing for brands like Ratehub, Forbes, KOHO, and now Money.ca.

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TD® Aeroplan® Visa Infinite* Card

Updated on: September 4, 2024

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10,000 Aeroplan points upon first purchase† 15,000 Aeroplan points upon spending $7,500 in the first 180 days† 15,000 Aeroplan points as a one-time anniversary bonus upon spending $12,000 within 12 months of account opening† Total of up to 40,000 Aeroplan points†

Interest rates:

20.99% purchase 22.99% cash advance (20.99% in Quebec) 22.99% balance transfer (20.99% in Quebec)

Earning rate:

1.5 Aeroplan points† per dollar spent on eligible groceries, gas, and direct through Air Canada® purchases, including Air Canada Vacations® 1 Aeroplan point† per dollar spent on all other eligible purchases†

Perks & benefits:

Free first checked bag on Air Canada® flights† Preferred pricing on Air Canada® flights† $100 NEXUS credit†

The TD ® Aeroplan ® Visa Infinite * Card is an excellent option for all Aeroplan collectors to pick up a hefty chunk of points with a relatively low minimum spending requirement.

Bonuses & Fees

As TD's mid-tier Aeroplan card, the TD ® Aeroplan ® Visa Infinite * Card is offering a welcome bonus of up to 40,000 Aeroplan points , distributed as follows:

• 10,000 Aeroplan points upon first purchase †
• 15,000 Aeroplan points upon spending $7,500 in the first 180 days of account opening †
• 15,000 Aeroplan points as a one-time anniversary bonus upon spending $12,000 within 12 months of account opening †

The annual fee of $139 is rebated in the first year under the current promotion. By having TD's All-Inclusive Banking Plan , you'll be able the waive the annual fee on this card going forward.†

Supplementary cards can be added to your account at an annual cost of $75 per card . †

To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first three months after Account opening and you must add your additional cardholders by January 6, 2025. †

Earning Rewards

The TD ® Aeroplan ® Visa Infinite * Card offers 1.5 Aeroplan points † per dollar spent  on eligible gas, grocery, and Air Canada ® purchases, including Air Canada Vacations ® . Meanwhile, you’ll earn 1 Aeroplan point † per dollar spent  on all other purchases.

Redeeming Rewards

Aeroplan remains the program of choice for the vast majority of Canadians aiming to redeem their points for high-value international business class and First Class redemptions. Redeeming Aeroplan points follows the Aeroplan Flight Reward Chart , and can cost as little as 55,000 points one-way from Vancouver to Tokyo in business class, for example. From the East Coast, 60,000 Aeroplan points (or often fewer, thanks to Air Canada’s ® preferred pricing benefit if you hold Aeroplan Elite Status or a co-branded credit card ) would unlock a transatlantic flight to most parts of Western Europe. Closer to home, short-haul flights within North America that are under 500 miles only cost as few as 6,000 Aeroplan points one-way.

Perks & Benefits

The TD ® Aeroplan ® Visa Infinite * Card prides itself upon a strong set of Air Canada ® travel benefits. As a cardholder, you'll receive:

• Free first checked bag on Air Canada ® flights, for the primary and supplementary cardholders †
• Preferred pricing when redeeming Aeroplan points for Air Canada flights †
• The ability to earn 1,000 Status Qualifying Miles (SQM) and 1 Status Qualifying Segment (SQS) for every $10,000 you spend on the card †
• Your Aeroplan points won't expire for as long as you're a cardholder †

Insurance Coverage

As a premium travel credit card, the TD® Aeroplan® Visa Infinite * Card comes with an impressive suite of insurance benefits, including:

Travel medical insurance of up to $2,000,000 on the first 21 days of a trip (4 days for cardholders aged 65 and up). †

Trip cancellation/trip interruption:  For trip cancellation, up to $1,500 per person and $5,000 total, which protects against unforeseen factors affecting your trip and for Trip Interruption, up to $5,000 per person and $25,000 total. †

Delayed and lost baggage insurance of up to $1,000 per person towards the purchase of essential items if your baggage is delayed by more than six hours or lost. †

Flight delay insurance of up to $500 if your flight is delayed by more than four hours. †

$500,000 Common Carrier Accident insurance, which protects you in case of a travel-related accident. †

Auto rental collision & loss damage insurance, which can help you save on the insurance fees that car rental companies would otherwise charge for vehicles up to $65,000 MSRP. †

One outstanding feature of the card is that the insurance applies to Aeroplan award tickets when you charge the full taxes and fees of the redemption ticket on your TD ® Aeroplan ® Visa Infinite * Card.

This perk alone means that the TD ® Aeroplan ® Visa Infinite * Card is an excellent card to keep around after you obtain its signup bonus, because the insurance coverage will come in very handy if you travel frequently on Aeroplan awards.

† Terms and conditions apply.

† The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button.

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TD Aeroplan Visa Infinite Privilege Review 2024: Is It Worth It?

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Best for: Travel enthusiasts who frequently fly Air Canada.

Anyone seeking a credit card that earns Aeroplan points and comes with luxurious travel perks will want to consider the TD® Aeroplan® Visa Infinite Privilege* Credit Card. Learn more about how we evaluate cards .

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.  

TD® Aeroplan® Visa Infinite Privilege* Credit Card

• Annual Fee $599
• Interest Rates 20.99% / 22.99% 20.99% on purchases, 22.99% on cash advances.
• Rewards Rate 1.25x-2x Points Earn 2 points† for every $1 spent on eligible purchases made direct through Air Canada® purchases (including Air Canada Vacations®). Earn 1.5 points† for every $1 spent on eligible gas, grocery, travel and dining purchases. Earn 1.25 points† for every $1 spent on all other purchases made with your Card.
• Intro Offer Up to 80,000 Points 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.
• Earn up to $2,900 in value† including up to 80,000 Aeroplan points†. Conditions Apply. Account must be approved by January 6, 2025.
• 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†.
• Earn 2 points† for every $1 spent on eligible purchases made direct through Air Canada® purchases (including Air Canada Vacations®).
• Earn 1.5 points† for every $1 spent on eligible gas, grocery, travel and dining purchases.
• Earn 1.25 points† for every $1 spent on all other purchases made with your Card.
• Earn points twice when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 170+ online retailers via the Aeroplan eStore.
• Enroll for NEXUS and once every 48 months get an application fee rebate†.
• Share first free checked bags with up to 8 travel companions†, and get unlimited access to Maple Leaf Lounges† including complementary access for one guest.
• Plus, primary cardholders get 6 complimentary worldwide select airport lounge visits annually through the Visa Airport Companion Program†.
• Get an annual round-trip companion pass from $99 (plus taxes, fees, charges and surcharges)†.
• Get access to Priority Airport Services† like Priority Boarding, Priority Baggage Handling, and Priority Airport Standby & Priority Airport Upgrades†.
• Travel Medical Insurance†: Up to $5 million of coverage for the first 31 days. If you or your spouse is aged 65 or older, you are covered for the first 4 days of your trip. Additional top-up coverage is available.
• To be eligible, $150,000 annual personal income or $200,000 household annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
• †Terms and conditions apply.
• This offer is not available for residents of Quebec.
• The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button.
• Full review
• Customer ratings
• Eligibility
• How to apply

TD® Aeroplan® Visa Infinite Privilege* Credit Card vs American Express® Aeroplan®* Reserve Card

• Rating methodology

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 in J.D. Power’s 2023 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

NerdWallet searched more than 75 flights in 2021 and 2022 to determine the average value for Air Canada flights. 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.

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.

Having trouble deciding? Check out our review of the American Express® Aeroplan®* Reserve Card .

Reasons 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

Rating methodology.

NerdWallet 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.

About the Author

Shannon Terrell is a lead writer and spokesperson for NerdWallet, where she writes about credit cards and personal finance. Previously, she was a writer, editor and video host for financial…

DIVE EVEN DEEPER

Compare Canada’s Best Credit Cards for September 2024

NerdWallet Canada’s picks for the best credit cards include top contenders across numerous card categories. Compare these options to find the ideal card for you.

Interest charges don’t need to be a mystery. Use our credit card interest calculator to see how much interest you’d owe if you carry a credit card balance.

Aeroplan vs. Air Miles: Differences and Alternatives

Aeroplan is usually an ideal choice for those who want to use points for Air Canada flights, while Air Miles is a better choice for those who want flexible point redemption options.

13 Best Aeroplan Credit Cards in Canada for 2024

The best Aeroplan credit cards in Canada earn points for Air Canada’s loyalty program on every purchase. Aeroplan points have an average value of 2.23 cents per point.

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• Capital One Smart Rewards Mastercard Review

The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. This comes from two main sources.

First , we provide paid placements to advertisers to present their offers. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market.

Second , we also include links to advertisers’ offers in some of our articles. These “affiliate links” may generate income for our site when you click on them. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor.

While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Capital One Smart Rewards Mastercard Review 2024

Updated: Sep 17, 2024, 10:20am

Unlike typical credit cards that reward spending, the Capital One Smart Rewards Mastercard rewards you for making payments instead. While it has some limits on maximizing rewards, it’s a great entry-level card for anyone who wants to build or improve their credit and wants an extra incentive to keep their balance at zero.

• No annual fee
• Points don’t expire
• Decent insurance for a no-fee rewards card
• Higher interest rate
• No rewards on purchases
• Limited redemption options

Table of Contents

Introduction, quick facts, capital one smart rewards mastercard rewards, capital one smart rewards mastercard benefits, how the capital one smart rewards mastercard stacks up, methodology, is the capital one smart rewards mastercard right for you.

• Earn 5 points per dollar paid toward your balance
• Redeem points for gift cards or account credits with no minimum redemption amount
• $0 for an additional cardholder
• Car rental insurance for collision/loss damage
• $250,000 travel accident insurance
• Baggage delay insurance up to $100 per day (three days total)
• Purchase assurance for theft, loss or damage (120 days from the purchase date)
• Extended warranty automatically doubles the original manufacturer’s warranty on eligible purchases for up to two years
• Price protection service refunds the price difference on items discounted within 60 days of purchase (capped at $100 per item and $500 per calendar year)
• Zero liability for unauthorized purchases

Featured Partner Offers

TD® Aeroplan® Visa Infinite Privilege* Card

On TD’s Secure Website

Welcome Bonus

Up to $2,900 in value† including up to 80,000 Aeroplan points†

Regular APR (Purchases) / Regular APR (Cash Advances)

20.99% / 22.99%

American Express Cobalt® Card

On American Express’s Secure Website

Up to 15,000 Membership Rewards points

$155.88 ($12.99 per month)

Regular APR

MBNA True Line® Mastercard®

On MBNA’s Website

12.99% / 24.99%

The Capital One Smart Rewards Mastercard stands out in the crowded credit card market with its unique rewards structure. This card incentivizes paying down your balance rather than ramping up your spending. This approach promotes healthy financial habits and helps cardholders maintain a low balance and improve their credit score. Aside from that, you’ll find a surprisingly well-rounded card with no annual fee.

• Earn 5 points per dollar paid towards your credit card balance and points never expire
• Includes coverage for purchases, rental cars and travel insurance

Earning Rewards

Earning rewards with the Capital One Smart Rewards Mastercard is straightforward. For every dollar you pay towards your credit card balance, you will earn 5 points. Compared to other no-fee cards , the earning potential is modest but consistent.

Redeeming Rewards

Redemptions are somewhat limited with this card. Points can be redeemed for gift cards or account credits. The redemption process is simple enough, so long as your account is in good standing. Any delinquent accounts could lose unredeemed points.

Rewards Potential

The rewards potential of the Capital One Smart Rewards Mastercard is decent for a no-fee credit card. At 5 points per dollar, you can earn around $348.31 in annual rewards based on average Canadian spending. However, you can only spend your extra cash on gift cards and statement credits. Other no-fee cards let you redeem points for travel or shopping, like the TD Rewards Visa Card .

• Purchase Assurance: Eligible card purchases are insured against theft, loss or damage for 120 days after the purchase date.
• Price Protection: If an item you purchased goes on sale within 60 days of purchase, you may be eligible to receive the cost difference up to $100 per item and $500 per calendar year.
• Car Rental Insurance: Save on collision damage waiver insurance when using your Capital One Smart Rewards Mastercard to rent a car for less than 31 days.
• Travel Insurance: Receive $250,000 in common carrier travel accident insurance and up to $100 per day for three days if your checked baggage is delayed for more than four hours while travelling.

Interest Rates

• Regular APR Min: 21.90%
• Cash Advance APR: 21.90%
• Balance Transfer APR: 21.90%
• Foreign Transaction Fee: 2.5%
• Annual Fee: $0
• Any Other Fees: Late payment, cash advance and balance transfer fees

Capital One Smart Rewards Mastercard vs. Capital One Aspire Travel Platinum Mastercard

The Capital One Aspire Travel Platinum Mastercard earns 1 reward mile per dollar on every purchase, which you can redeem for travel, account credits or gift cards. This offers more flexibility but less rewards value, earning around $278.51 annually compared to $348.31 with the Capital One Smart Rewards Mastercard.

Choosing between these Capital One credit cards depends on how you want to use your points. You might be better off sacrificing redemption options for a better return on account credits that can still help lower your travel costs.

Capital One Smart Rewards Mastercard vs. Rogers Red World Elite® Mastercard®

If you’re already paying for a service from Rogers, Shaw or Fido, consider the Rogers Red World Elite Mastercard for cash-back rewards. Customers can earn 2% unlimited cash back on all purchases and 3% on items in U.S. dollars. Plus, you’ll get extra travel benefits and insurance for trips with no annual fee.

Your annual income must be at least $80,000 to qualify for this card. There are no income requirements for the Capital One Smart Rewards Mastercard, and you’ll get comparable value for rewards points.

Capital One Smart Rewards Mastercard vs. CIBC Aeroplan Visa

The CIBC Aeroplan Visa is ideal for frequent flyers with Air Canada. This no-fee card comes with travel perks and earns 1 Aeroplan point per dollar on gas, EV charging, groceries and Air Canada purchases, and 1 point per $1.50 on everything else. Depending on your spending, your annual rewards could be worth between $444.02 and $461.24.

If you don’t want to put all your points toward travel, then it might make more sense to use the Capital One Smart Rewards Mastercard for statement credits.

When determining a rating for individual credit cards, the Forbes Advisor Canada editorial team factors in an exhaustive list of data points. With this card, the scoring model used takes into account factors such as, but not limited to, rewards rates and categories, fees, welcome bonus, and other benefits and features. Keep in mind what may be best for some people might not be right for you. Conduct informed research before deciding which cards will best help you achieve your financial goals.

The Capital One Smart Rewards Mastercard is a solid choice for building credit or anyone who appreciates some motivation for making monthly payments. If you’re looking for more rewards and redemption options, there are plenty of other no-fee credit cards that fit the bill.

Frequently Asked Questions (FAQs)

What are the benefits of capital one smart rewards.

Capital One Smart Rewards Mastercard benefits include travel accident, baggage delay, car rental collision/loss damage waiver and consumer insurance. Plus, there’s no annual fee, and every dollar paid toward your balance earns 5 points.

Does the Capital One Smart Rewards Mastercard have an annual fee?

There is no annual fee for the Capital One Smart Rewards Mastercard.

What is the minimum credit score for Capital One Smart Rewards Mastercard?

While credit score models and eligibility requirements can vary, generally, a minimum credit score of around 700 is recommended for applicants looking to qualify for this card.

Who is the Capital One Smart Rewards Mastercard for?

The Capital One Smart Rewards Mastercard is right for anyone who needs an extra push to make monthly payments. Cardholders will earn 5 points for every dollar paid towards their credit card balance.

Candice Reeves is a financial writer based out of Nova Scotia. She specializes in personal finance, investing, and cryptocurrency. Her work is featured in leading publications across various industries, including Wealth Rocket, CryptoVantage, and StackCompare.

Courtney Reilly-Larke is the deputy editor of Forbes Advisor Canada. Previously, she was the associate editor of personal finance at MoneySense. She was also managing editor of Best Health Magazine and has contributed to publications such as Cottage Life and Blog TO. She currently lives in Toronto.

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Home  /  New to Canada  / Small Business

New to Canada

We’re here to help your Business Banking needs

TD has flexible banking solutions and personalized banking advice for newcomers looking to start a business in Canada. A TD Business Banking Specialist is ready for you.

We speak many languages

Td can help with your business banking needs.

From starting up a new business to growing and managing it well into the future, TD has banking advice for every stage of your business, along with tailored banking solutions for your small business.

TD can help entrepreneurs like you

Specialized support.

TD Business Banking Specialists are dedicated specifically to helping you start your business banking journey wherever you do business.

Convenient banking

With TD, you can choose how to bank: online, over the phone, with the TD app, or in person at a branch.

Industry Expertise 

Each industry has unique banking needs, and our Account Manager Small Business (AMSB) can help.

Advice in a variety of languages 

Get support in a variety of languages to help with your business banking needs.

Convenient banking solutions to help you get started

Choosing the right banking solution is one of the ways to help get your business off to a good start.

TD Business Accounts

Here are three of our most popular Small Business Bank Accounts

TD Unlimited Business Plan

Special offer

Our most flexible banking plan for your business; more features available

• $125 monthly fee ( $0 with fee rebate when you hold a minimum daily balance of $65,000)
• Unlimited deposit items
• Annual fee rebate for the TD® Aeroplan® Visa* Business Card or TD Business Travel Visa Card
• Unlimited transactions
• Free Interac e-Transfer® transactions

TD Everyday Business Plan A

A budget-friendly plan for everyday business banking

• $19.00 monthly fee ( $0 with fee rebate when you hold a minimum daily balance of $20,000)
• 50 deposit items
• 20 transactions

TD Basic Business Plan

Designed for businesses with just a few monthly transactions

• $5.00 monthly fee
• 5 deposit items
• 5 transactions

Other TD products and services

• Business Credit Cards

Manage your business expenses and help build your business credit with our Cash Back, Travel Rewards or Low Interest Rate credit cards.  

Business Overdraft Protection

TD Business Overdraft Protection helps cover shortfalls in your Business Chequing Account up to your approved limit.

Receiving & Making payments

Manage your cash flow with options to send and collect payments quickly, plus pay bills and invoices efficiently.

• TD Merchant Solutions

Explore our flexible, online or in-person payment solutions that can adapt to your business needs as it grows.

Here are potential ideas for starting your business

Starting a business can be rewarding as well as challenging. As a newcomer to Canada who is looking to start a business, here are some things you may want to keep in mind.

1. Bring your business idea to life

Before acting on your business idea, consider spending some time researching to make your idea as strong as it can be. Be honest with yourself and answer important questions such as:

• Is there a market for your idea?
• Who are your competitors and what they are doing?
• Do you have a business plan?
• What are the strengths, weaknesses, opportunities, and threats to your idea?
• Have you considered affordability and how will you manage cash flow?

2. Think about your business checklist

It’s important to ensure you’re meeting all requirements as a newcomer, including understanding your ability to legally own and operate a business.

The Government of Canada has a lot of useful resources to help  start your business, as a newcomer to Canada. 

3. Write a business plan

Having a written business plan is recommended.

Having a document that outlines your idea, explains your goals and how to accomplish them, not only helps you manage your business, but could come in handy when you’re looking for money.

Consider downloading our business plan template which addresses product and service information, competitive analyses, the financial feasibility of starting up, and more. 

4. Finance your business

Finding the money and managing cashflow is something to consider when starting any kind of business.

To help you get started, here are some common questions for you to consider:

• How much will I need to get started? Download our Start-up Costs template .
• How much will I need to keep the business running until I reach break-even? Use our  Cash Flow Calculator .
• What will my monthly loan payments be? Use our  Loan Calculator .

For more help with your financing needs, explore our  borrowing options .

5. Working with an Account Manager Small Business

A TD Account Manager Small Business (AMSB) specializes in banking solutions for entrepreneurs. Working with an AMSB means having someone who will take the time to understand you, your business challenges, and your unique needs as a newcomer to help provide banking advice and make informed recommendations. 

Tips and advice for newcomers entrepreneurs

Six sources of small business funding

Small business tools and resources

Improve your customer experience journey

Frequently asked questions, what are the benefits of opening a business account.

When operating a business, opening a business bank account has many benefits. By separating your personal and business banking, you can manage your finances more easily by tracking your income, expenses, and cash flow. You can also save time with tax filing, as it’s quicker to gather the financial information and transactions you need to file your business taxes.

What type of business account is right for me?

We have several TD Small Business Bank Accounts available to meet the unique needs of your business. When choosing one, consider the frequency of your transactions and the balance you expect to maintain.

You can view our accounts , or use our Account Selector Tool for account recommendations.

How much money do I need to open a business bank account?

There's no initial minimum deposit needed to open a TD Small Business Bank Account.

What documents do I need to open a business bank account?

Depending on the way you’ve structured your business, the documents you’ll need will vary. For details, you can refer to our  account opening checklist .

What are the benefits of opening a business credit card?

A business credit card offers many benefits for managing your business operations. It helps you separate business and personal expenses, facilitates easy tracking and management of day-to-day expenses using our TD Card Management Tool , and supports your business's cash flow. Additionally, you can earn points, cash back or benefit from a low interest rate.

Most common next steps as a newcomer

Start investing.

Buying a home in Canada

Buying your first car

Sending money internationally

We're ready to help you

Open an account.

Open an account over the phone with a Business Banking Specialist

Contact an Account Manager

Talk to a TD Account Manager Small Business (AMSB) to discuss your business banking needs.

Got questions?

Call the TD Small Business Advice Centre

See you in a bit

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1  TD Cash Back Visa* Card Offer Terms & Conditions : Limited Time Offer. This Offer starts on June 4, 2024 and ends September 26, 2024 (the "Offer Period") and is only available to those enrolled in New to Canada Banking Package during the Offer Period, and those New to Canada Primary Cardholders of a new TD Cash Back Visa* Card ("Account"). Account must be opened by September 26, 2024. Offer consists of two parts that New to Canada customers may qualify for separately: a Mobile Purchase Bonus and a Cash Back Bonus

1. Mobile Purchase Bonus: Earn $10 in Cash Back Dollars when you add your new TD Cash Back Visa* Card (opened during the Offer Period) to your mobile wallet and make a mobile Purchase within the first 5 months. Eligible Purchases for the Mobile Purchase Bonus: Purchases must be charged to the Account at any merchant that accepts Apple Pay, Google Pay, or Samsung Pay during the Offer Period. Purchases made using any other method of payment will not qualify.

2. Cash Back Bonus: Earn $25 in Cash Back Dollars for every statement cycle when you spend $500 or more on your TD Cash Back Visa* Card for the first 5 months, up to a maximum of $125 in Cash Back Dollars. The total earned bonus will be a one-time payout.

Purchases made during a statement cycle but posted after the end of that statement cycle will not count towards eligible Purchases for that month and count towards eligible Purchases for the next statement cycle. For example, if your monthly statement cycle is from August 15 to September 14, a Purchase made on September 14 (transaction date) and posts on September 15 (posting date) will not count for eligible Purchase for that month and will count towards spend in the next month's statement cycle. If the August 15 to September 14 period was your 5th monthly statement cycle, then the Purchase that was made on September 14 and posted on September 15 would not count towards this Offer.

To earn up to $135 in Cash Back Dollars to the TD Cash Back Visa* Card, you must keep your Account open, active and in good standing during the Offer Period and at the time the Cash Back Dollars are applied to your Account. Offer may be changed, withdrawn (excluding Quebec) or extended at any time and cannot be combined with any other offer unless otherwise indicated. Please allow 8 weeks after the conditions for each offer are fulfilled for the Cash Back Dollars to be credited to your TD Cash Back Visa* Card Account. This offer is not available to customers who have activated and/or closed a TD Cash Back Visa* Card Account in the last 12 months or transferred their existing TD Credit Card into a TD Cash Back Visa* Card Account, or closed a TD Credit Card within the last 12 months. We reserve the right to limit the number of Accounts opened by and the number of Cash Back Dollars awarded to any one person. Closing your Account or transferring to another TD Credit Card may result in forfeiture of any Cash Back Dollars not yet awarded.

New to Canada Offer Eligibility will be allocated to those who apply for the TD Cash Back Visa* Card as part of the New to Canada Banking Package. The up to $135 Cash Back Dollar offer is available to New to Canada customers, who:

1. Are at the age of majority at time of account opening in your province or territory of residence; and

2. Must be a Permanent Resident or Temporary Resident of Canada for 5 years or less; and

3. Does not have an existing TD Credit Card Account

See your Disclosure Statement and Cardholder Agreement for more details on annual interest rates, including how we charge interest and apply payments to Purchases.

Annual interest rates, fees and features are current as of June 4, 2024 unless otherwise indicated and subject to change.

Quebec Only

Primary Cardholder remains liable for all charges to the Account, including those made by any Additional Cardholder. Maximum of 3 Additional Cardholders on the Account.

      i.        Annual Fees: To be charged on the first statement after your first use of the Card, and annually thereafter in the same month.

     ii.        Billing Cycle/ Statement period: Can start on any calendar day of the month and can vary in length, although it lasts approximately one month.

     iii.        Grace Period: You will benefit from an interest-free grace period of at least 21 days on Purchases if we receive payment in full on the Balance on your current statement by the Payment Due Date. There is no interest-free grace period on Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa Cheques).

    iv.        Minimum Payment: Your minimum payment is the greater of 5% of your New Balance or $10, plus all past due amounts and any amount that exceeds your credit limit. If the New Balance is less than $10, then the minimum payment is equal to the New Balance.

     v.        Example of Interest Charges

^  Account must be open and in Good Standing to earn and redeem Cash Back Dollars. Redemptions of Cash Back Dollars at any time on request must be for a minimum amount of $25. Where Cash Back Dollars are redeemed on an annual basis, the annual earnings period will start from when the Card is used to make Purchases until the Account’s January billing cycle of the following year, after which time the annual earnings period will continue each year from the Account’s January billing cycle to the January billing cycle of the following year. Cash Back Dollars will continue to accrue until redemption instructions are provided. There is no maximum annual amount of Cash Back Dollars that can be earned. For complete details on how to redeem Cash Back Dollars, please see the “TD Cash Back Program Terms and Conditions” section of the TD Cash Back Visa Cardholder Agreement available at  www.td.com/agreements

2  Earn 1% in Cash Back Dollars  ("Gas Rebate")  for each $1.00 in Purchases of gas or gas station services or products  ("Gas Purchases")  charged to your TD Cash Back Credit Card Account  ("Account")  and earn 1% in Cash Back Dollars  ("Grocery Rebate")  for each $1.00 in Purchases of groceries or grocery items  ("Grocery Purchases")  charged to your Account. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Gas Purchase or Grocery Purchase, as applicable.  $5,000 Cap : Each of the Gas Rebate and the Grocery Rebate is only available to a $5,000 maximum net annual spend  ("$5,000 Cap") . Once the $5,000 Cap has been reached for either Gas Purchases or Grocery Purchases, then any further Gas Purchases and Grocery Purchases made on the Account will earn Cash Back Dollars at the standard rebate of 0.5% that applies to all other Purchases on the Account as set out in your Cardholder Agreement  ("Standard Rebate"). Applicability of Gas Rebate and Grocery Rebate:  Each of the Gas Rebate and the Grocery Rebate is in place of, and not in addition to, the Standard Rebate.  Merchant Category Codes : To earn the Gas Rebate and/or Grocery Rebate, the Gas Purchases and/or Grocery Purchases must be made at merchants classified through the Visa network with a Merchant Category Code  ("MCC")  that identifies them in the "gas" or "grocery" category. Some merchants may sell gas or gas station services or products, or groceries or grocery items, or have separate merchants located on their premises that also sell gas or gas station services or products, or groceries or grocery items, but may not be classified with a gas or grocery MCC and such Purchases will not earn the Gas Rebate or Grocery Rebate, as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at  1-800-983-8472 .  Other Conditions : Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

3  Earn 1% in Cash Back Dollars (" PAP Rebate ") on each $1.00 in payments made on a monthly or other regularly recurring basis for merchant bills, including insurance premiums, magazine/newspaper/online streaming subscriptions, membership fees and telecommunication fees, that are set up by the merchant with your consent to be automatically charged to your TD Cash Back Credit Card Account (" Account ") and that are classified through the Visa network as "recurring payments" (" Pre-Authorized Payments "). You must confirm with your merchant if they can accept Pre-Authorized Payments. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Pre-Authorized Payment.  $5,000 Cap:  The PAP Rebate is only available to a $5,000 maximum net annual spend ("$5,000 Cap"). Once the $5,000 Cap has been reached, then any further Pre-Authorized Payments made on the Account will only earn Cash Back Dollars at the standard rebate of 0.5% that applies to all other Purchases on the Account as set out your Cardholder Agreement  ("Standard Rebate"). Applicability of PAP Rebate: The PAP Rebate is in place of, and not in addition to, the Standard Rebate.  Other Conditions:  Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

4  Earn 0.5% in Cash Back Dollars (" Standard Rebate ") on each $1.00 for all other Purchases (" Other Purchases ") charged to your TD Cash Back Credit Card Account (" Account "). Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Purchase.  Other Conditions:  Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

5  Account must be approved by January 6, 2025. Welcome Bonus of 15,152 TD Rewards Points ("Welcome Bonus") will be awarded to the TD Rewards Visa ("Account") only after you make $500 in Purchases on your Account, including your first eligible Purchase, within 90 days of Account opening. Offer may be changed, withdrawn (excluding Quebec), or extended at any time and cannot be combined with any other offer unless otherwise indicated. This offer is not available to customers who have activated and/or closed a TD Rewards Visa* Account in the last 12 months. We reserve the right to limit the number of Accounts opened by and the number of TD Rewards Points awarded to any one person. Your Account must be in Good Standing at the time the Welcome Bonus points are awarded. Please allow 8 weeks after the conditions for each offer are fulfilled for the Welcome Bonus TD Rewards Points to be credited to your TD Rewards Account. Closing your Account or transferring to another TD Credit Card may result in forfeiture of any bonus points not yet awarded.

6  1 TD Rewards Point is worth $0.0033 towards purchases at Amazon.ca that are eligible for the Shop with Points program. 3 TD Rewards Points minimum redemption.

These are highlights of the Amazon.ca Shop with Points program for TD Rewards points (“SWP for TD”). SWP for TD is provided by Amazon.ca. To use your TD Rewards points to pay for an order at Amazon.ca, your eligible TD credit card must be linked to your Amazon.ca account. For more information, including how to enroll in SWP for TD and terms, conditions and restrictions, visit https://www.amazon.ca/tdrewards . Amazon.ca is operated by Amazon Services International, Inc. The Toronto-Dominion Bank and its affiliates are not liable or responsible for SWP for TD or any of the services and products offered/provided by Amazon.ca. SWP for TD may be amended or cancelled at any time without notice.

7   TD® Aeroplan® Visa Platinum* Credit Card Welcome Offer : Account must be approved by September 3, 2024. Welcome Bonus of 10,000 Aeroplan points (" Welcome Bonus ") will be awarded to the Aeroplan Member account associated with the TD® Aeroplan® Visa Platinum* Card Account (“ Account ”) only after the first eligible Purchase is made on the Account. To receive the additional bonus 10,000 Aeroplan points (" Additional Bonus "), you must make $1,000 in net Purchases (including your first purchase, less any returns and credits) on your Account within 90 days of Account opening. Rebate of the Annual Fee is for the first year for the Primary Cardholder and up to 3 Additional Cardholders added to the Account. To receive the first-year annual fee rebate for the Primary Cardholder (" Primary Cardholder Annual Fee Rebate "), you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening. To receive the Additional Cardholder Annual Fee Rebates for Additional Cardholders (" Additional Cardholder Annual Fee Rebate "), you must add your Additional Cardholders by September 4, 2024. The applicable Annual Fee Rebate will be applied within 2 monthly statements from the date of the statement with the first Annual Fee charge. The Primary Cardholder is responsible for all charges to the Account, including those made by any Additional Cardholder. If you have opened an Account in the last 12 months, you will not be eligible for this offer. We reserve the right to limit the number of Accounts opened by one person, and the number of Welcome Bonus Aeroplan points and additional bonus Aeroplan points awarded to any one person. Offers may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise specified. Your Account must be in good standing at the time the Welcome Bonus Aeroplan points and additional bonus Aeroplan points are awarded. Please allow up to 8 weeks after the conditions for each element of the offer are fulfilled for the Welcome Bonus Aeroplan points and additional bonus Aeroplan points to be credited to your Aeroplan Member account.

Interest rates, fees and features are effective as of June 4, 2024 unless otherwise indicated and are subject to change.

^Offer ends September 3, 2024. The value up to $524 could be earned in the first year of Account opening and is based on the combined total value of:

• $124: Annual Fee Rebate for the Primary ($89), and one Additional Cardholder ($35) for the first year;
•  $400: 20,000 Aeroplan points earned based on the following requirements:
• Welcome Bonus of 10,000 Aeroplan Points earned when you make your first Purchase with your card
• Additional Bonus of 10,000 Aeroplan Points earned when you spend $1,000 within 90 days of Account opening

Value is based on over 70% of current Aeroplan cardholders receive a value of $0.02/points or more when redeeming for a flight as of Feb 1, 2023. Redemption calculation is based on actual flight redemptions made by cardholders between the period of Nov 8, 2020 – Feb 1, 2023.

Aeroplan points have no cash value but are redeemable under the Aeroplan program for flights and other rewards. The retail value of rewards obtained using Aeroplan points will vary depending on a range of factors including the type of reward issued, details of which may be found at  https://www.aircanada.com/ca/en/aco/home/aeroplan.html . Aeroplan points may be redeemed only in accordance with the General Terms & Conditions of the Aeroplan program. Full terms and conditions of the Aeroplan Program are available online at  https://www.aircanada.com/ca/en/aco/home/aeroplan/legal/terms-and-conditions.html . All offers are contingent on satisfying the criteria outlined in the offer terms and conditions.

8   Purchase of Gas or Grocery or Air Canada Products  means a Purchase of gas or gas station services or products or a Purchase of grocery or grocery items, including those at grocery locations, or a Purchase directly with Air Canada for Air Canada products and services completed online at aircanada.com, in-person at Air Canada customer service counter at the airport or aboard an Air Canada flight and Air Canada Vacations packages, each from a merchant classified through the Visa network with a merchant category code ( MCC ) that identifies the merchant in the “gas” or “grocery” or "Air Canada" category.  Aeroplan points are earned on eligible Purchases charged to the Account as follows :

• 1 Aeroplan point (Bonus Rate) earned for each $1 in Purchases of Gas, Grocery or direct through Air Canada Products (earned only on a maximum annual amount of $80,000 of Purchases of Gas, Grocery or Air Canada Products); or
• 1 Aeroplan point earned for each $1.50 on all other Purchases.

Please contact TD if you wish to confirm the MCC that applies to a particular merchant, or if the Purchase qualifies as a Purchase of Gas, Grocery or Air Canada Products. If you have earned Aeroplan points on the maximum annual amount of Purchases of Gas, Grocery or Air Canada Products charged to your Account (from January 1 to December 31) or if your Purchase does not qualify as a Purchase of Gas, Grocery or Air Canada Products, you will instead earn the standard rate of Aeroplan points that applies to all other Purchases charged to the Account as described above. The Bonus Rate is in place of and not in addition to the standard rate of Aeroplan points earned on all other Purchases charged to the Account.

® The TD logo and other trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.

* Trademark of Visa International Service Association; Used under license.

® Aeroplan is a registered trademark of Aeroplan Inc., used under license

• Earn $10 Cash Back Dollars by adding your new TD Cash Back Visa Card to your mobile wallet and making a mobile purchase within the first 5 months.
• Earn up to $125 in Cash Back Dollars in the first 5 months when you spend at least $500 in each of those statement cycles (earn $25 per statement cycle).