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

TD Aeroplan® Visa Infinite* Card

3.5

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RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

BMO CashBack® World Elite® Mastercard®

4.2

More Details

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Rewards Breakdown

Annual Rewards

$533.24

Air Canada Aeroplan

Welcome Bonus

$735

Air Canada Aeroplan

Annual Fee

$139

First Year Value

$1,129.24

$394.24 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$490.46

Welcome Bonus

$190

Annual Fee

$120

First Year Value

$680.46

$370.46 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included

Emergency Out of province Medical

21 days

Flight Delay

$500

Baggage Delay

$1,000

Lost or Stolen Baggage

$1,000

Travel Accident

$500,000

Car Rental Damage & Theft

yes

Hotel Burglary Insurance

$2500

Purchase Protection

90 days

Extended Warranty

1 year

Emergency Medical Over 65

4 days

Trip Cancellation

$1,500

Trip Interruption

$5,000

Mobile Device Insurance

$1,000

Insurance Included

Emergency Out of province Medical

21 days

Flight Delay

$500

Baggage Delay

$1,000

Lost or Stolen Baggage

$1,000

Travel Accident

$500,000

Car Rental Damage & Theft

yes

Hotel Burglary Insurance

$2500

Purchase Protection

90 days

Extended Warranty

1 year

Extra Benefits

Car Rental Discount

10% off base rate of Avis Rent A Car and Budget Rent A Car

Free first checked bag

First checked bag is free for primary cardholder on WestJet flight and up to 8 guests

Nexus Application

$100 every 4 years

Visa Infinite Exclusive Benefits

Concierge Services

Golf 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 points

Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores

Extra points

Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore

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 purchases

Trip and legal Assistance

Extra Benefits

Car Rental Discount

10% off base rate of Avis Rent A Car and Budget Rent A Car

Airport Lounge - Dragon Pass

Pass only, complimentary visits not included

Roadside Assistance

Includes free battery boosts, flat-tire change, lockout service and towing

Gas Discount

Get up to seven cents off per litre on Shell® fuel

Hotel Booking Discount

Save up to 7% on your Booking.com prepaid hotel or property rental bookings

Boingo Wi-Fi hotspot

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99%

Interest Rates

Purchase:

20.99%

Cash Advance:

23.99%

Annual Fee

$139

Annual Fee

$120

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

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 10% cash back in your first 3 months with an incremental cashback value of $200

Rewards Rate

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

Rewards Rate

5% cashback on groceries (maximum $25 per statement)
4% cashback on daily transit (maximum $12 per statement)
3% cashback on gas (maximum $9 per statement)
2% cashback on recurring payments (maximum $10 per statement)
1% cashback on all other credit card purchases.

Loyalty Program

Air Canada Aeroplan

Loyalty Program

N/A

Point Redemption Options

Transfer to Airline Partners

2.1¢ / point

Most Optimal

Travel

0.825¢ / point

Gift Cards

0.74¢ / 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