TD Aeroplan® Visa Infinite* Card vs BMO CashBack® World Elite® Mastercard®: Which one is better?

TD Aeroplan® Visa Infinite* Card
3.2

BMO CashBack® World Elite® Mastercard®
4.1
Welcome Bonus
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.
Welcome Bonus*
Get up to $335 in additional cash back including 10% cash back in your first 3 months.** Plus, BMO will waive the $120 annual fee in the first year.**
Our Cash Offer
N/A
Our Cash Offer
$75 Cash Rebate offer from FinlyWealth
Rewards Breakdown
Annual Rewards
$541.37
Air Canada Aeroplan®
First Year Bonus Value
+
$840
Air Canada Aeroplan®
Annual Fee
-
$139
$0
First Year Waived
First Year Value
$1,381.37
$402.37 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$500.78
First Year Bonus Value
+
$184
Annual Fee
-
$120
$0
First Year Waived
Finly Rebate
+
$75Exclusive Offer
First Year Value
$759.78
$380.78 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
How to Earn Rewards
- 1.5x Aeroplan points per $1 spent on gas, groceries, Air Canada and Air Canada vacations (maximum 120,000 points annually)
- 1x Aeroplan point per $1 spent on all other eligible purchases
How to Earn Rewards*
- 5% cash back on groceries (capped at $500 spending per statement, maximum of $25 in cashback per statement cycle)
- 4% cash back on daily transit (capped at $300 spending per statement, maximum of $12 in cashback per statement cycle)
- 3% cash back on gas (capped at $300 spending per statement, maximum of $9 in cashback per statement cycle)
- 2% cash back on recurring payments (capped at $500 spending per statement, maximum of $10 in cashback per statement cycle)
- 1% cash back on all other eligible purchases.
Insurance Included
Lost or Stolen Baggage
$1,000Baggage Delay
$1,000Car Rental Damage & Theft
yesTravel Accident
$500,000Extended Warranty
1 yearPurchase Protection
90 daysHotel Burglary Insurance
$2500Emergency Out of province Medical
21 daysFlight Delay
$500Mobile Device Insurance
$1,000Emergency Medical Over 65
4 daysTrip Cancellation
$1,500Trip Interruption
$5,000
Insurance Included*
Lost or Stolen Baggage
$500/person, $1,000 maximumBaggage Delay
$500/person, $1,000 maximum After 6 hoursCar Rental Damage & Theft
$65K MSRP up to 48 daysTravel Accident
$500,000Extended Warranty
1 yearPurchase Protection
90 daysHotel Burglary Insurance
$1,000Emergency Out of province Medical
$5M up to 8 days per covered personFlight Delay
$500 After 4 hours delay
Extra Benefits
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A CarVisa Infinite Exclusive Benefits
Trip and legal Assistance
Concierge Services
Status lift
Reach Aeroplan Elite™ Status sooner by earning 1,000 Status Qualifying Miles and one (1) Status Qualifying Segment for every $10,000 of net purchasesFree first checked bag
First checked bag is free for primary cardholder on Aircanada flights and up to 8 guestsExtra points
Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks storesExtra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStoreNexus Program Rebate
$100 every 4 yearsGolf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Extra Benefits*
Car Rental Discount
Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking toolAirport Lounge - Dragon Pass
Complimentary membership in Mastercard Travel Pass provided by DragonPass. As a member enjoy lounge access for a fee of just US$32 per person, per visit.Gas Discount
Get up to 7 cents off per litre on Shell® fuel, only for BMO cardholders.Roadside Assistance
Including battery boosts, flat-tire change, lockout service and towing – a $69/year value.Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.Global Data Roaming plan
With FlexiRoam, stay connected around the world without a SIM card and get up to 15% off a Global Data Roaming plan plus up to 3GB of data, without any additional charges, if apply.
Interest Rates
Purchase:
20.99%
Cash Advance:
22.99%
Interest Rates*
Purchase:
21.99%
Cash Advance:
23.99%
Balance Transfer:
23.99%
Annual Fee
$139
$0
First Year Waived
Annual Fee*
$120
$0
First Year Waived
Income Required
Min Personal Income:
$60,000
Min Household Income:
$100,000
Income Required*
Min Personal Income:
$80,000
Min Household Income:
$150,000
Loyalty Program
Loyalty Program*
N/A
Point Redemption Options
Most Optimal
Aeroplan® Flights
2.1¢ / pointCar Rentals
0.9¢ / pointTravel
0.825¢ / pointMerchandise
0.75¢ / pointGift Cards
0.72¢ / point
Point Redemption Options*
Not Applicable
Is this card worth it?
The TD® Aeroplan® Visa Infinite Card* is an excellent choice for frequent Air Canada travelers looking to maximize their rewards with Aeroplan points. With perks like free checked bags, Preferred Pricing, and a first-year fee waiver, it’s ideal for users who value Air Canada-specific benefits. However, the card’s high income requirement and limited non-Air Canada redemption options may not appeal to everyone.
Is this card worth it?
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Pros
- Earn up to 40,000 Aeroplan points (welcome bonus offer ends January 6, 2025).
- 1.5 points per $1 on gas, groceries, and Air Canada purchases.
- Free checked bags and Preferred Pricing on Air Canada rewards flights.
- Extensive insurance coverage with 12 types of insurance.
Pros
- Offers one of the highest cashbacks on groceries and gas, two of the most frequently spent categories, compared to other credit cards in Canada.
- Includes roadside assistance, a rare but valuable benefit for people on the road.
- Provides a comprehensive list of insurance coverage and benefits.
- High first-year value.
Cons
- The rewards rate on this card is not that high. There are non-Aeroplan cards with much better reward programs, and their points can later be transferred to this card, making them better options if you are looking to gather Aeroplan points.
- You lose the flexibility to use other airlines if you want to take advantage of the benefits of this card.
Cons
- Does not include restaurant purchases as a reward category, which is one of the most important spending categories.
- Monthly limits on cash back could be higher


vs TD Rewards Visa* Card


vs TD® Aeroplan® Visa Platinum* Credit Card


vs TD Platinum Travel Visa* Card


vs TD® Aeroplan® Visa Infinite Privilege*


vs TD Low Rate Visa* Card


vs TD Cash Back Visa Infinite* Card


vs TD Cash Back Visa* Card


vs American Express Platinum Card®

vs American Express® Aeroplan®* Card


vs CIBC Aeroplan® Visa Infinite* Card


vs TD First Class Travel® Visa Infinite* Card


vs American Express Gold Rewards Card®


vs Rogers World Elite® Mastercard®


vs Scotiabank Passport® Visa Infinite* Card


vs Scotiabank Gold American Express® Card


vs Rogers Red Mastercard®


vs American Express Cobalt® Card


vs BMO AIR MILES® Mastercard®*


vs BMO AIR MILES® Mastercard®* for Students


vs BMO VIPorter Mastercard®∗


vs BMO AIR MILES® World Elite®* Mastercard®*


vs BMO CashBack® Mastercard®


vs BMO CashBack® Mastercard® for Students


vs BMO Ascend™ World Elite®* Mastercard®*


vs BMO eclipse rise Visa* Card


vs BMO eclipse Visa Infinite* Card


vs BMO VIPorter World Elite Mastercard®∗


vs BMO Preferred Rate Mastercard®


vs BMO eclipse Visa Infinite Privilege* Card


vs Neo World Elite® Mastercard®


vs SimplyCash® Card from American Express


vs CIBC Costco Mastercard


vs Tangerine Money-Back Credit Card


vs SimplyCash™ Preferred Card from American Express


vs Scotia Momentum® Visa Infinite* Card


vs MBNA Rewards World Elite® Mastercard®


vs PC World Elite Mastercard


vs American Express® Green Card


vs Simplii Financial™ Cash Back Visa* Card


vs American Express Gold Rewards Card®


vs Rogers World Elite® Mastercard®


vs Scotiabank Passport® Visa Infinite* Card


vs Scotiabank Gold American Express® Card


vs Rogers Red Mastercard®


vs American Express Cobalt® Card
Legal