TD Aeroplan® Visa Infinite* Card

BMO CashBack® World Elite®* Mastercard®*

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TD Aeroplan® Visa Infinite* Card vs BMO CashBack® World Elite®* Mastercard®*

Which one is better? Both cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.

4.5

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Finly rebate

$120

4.1

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Welcome bonus

Each offer as the issuer words it. The numbers below show whether your spending reaches it.

The offer

Up to $1,550 in value^†including up to 50,000 Aeroplan points^† could be yours. Plus, receive an Annual Fee rebate for the first year^† and additional travel benefits. Conditions Apply.

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 $3,000 within 90 days of Account opening^†.
Plus, earn a one-time anniversary bonus of 25,000 Aeroplan points when you spend $12,000 within 12 months of Account opening^†.
Apply for the NEXUS program and once every 48 months get an application fee rebate (up to $100 CAD per eligible cardholder).^†
Share free first checked bags for you and up to 8 travel companions†
Get an Annual Fee rebate for the first year^†.

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. To receive the first Additional Cardholder first-year Annual Fee rebate, you must add your first Additional Cardholder while this offer is in effect.

Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise indicated.

Get up to $650 in value and the annual fees waived in the first year. Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*

$650 in value is made up of:

Up to $480 Welcome Offer Cash Back: Receive $40 Bonus Cash Back when you spend a minimum of $2,000 on net card purchases per billing cycle in the first twelve (12) billing cycles after the account open date.*
$139: Annual Fee Waiver: The primary cardholder annual fee of $139 will be rebated in the first year and will appear as a fee and a credit on the primary cardholder’s first statement.*
$75 market value: Roadside Assistance: You will receive a complimentary membership in the Dominion Automobile Association (DAA) and the benefits of their BMO Roadside Assistance Program (Basic Coverage). Membership terms and plan features are described here: bmo.com/roadsideassistancebasic.*

What each card is worth

Rewards, the welcome bonus and any Finly rebate in, the annual fee and FX fees out, all on your spending.

Worked out on a typical $2,000 a month of spending. Enter yours to see your own numbers.

$1,444

First-year value

$1,125

$355

Every year after

$386

TD Aeroplan Visa Infinite is worth $319 more to you in year one.

From year two, BMO CashBack World Elite pulls ahead by $31 a year.

How the first year adds up

Annual rewards

$494.3

26,016 points a year

Welcome bonus

+ $950

first year only

Annual fee

$139− $0

$139 from year two

First-year value

$1,444.3

1.9¢ a pointAeroplan, redeemed for Flights

Annual rewards

$525.28

cash back a year

Welcome bonus

+ $480

first year only

Annual fee

$139− $0

$139 from year two

Finly rebate

+ $120

paid by FinlyWealth

First-year value

$1,125.28

Where each card earns

A year of your spending at each card's own reward rates, most first.

1.5xGroceries, Gas and Air Canada

8,172 pts

$155.27

1xAll other purchases

17,844 pts

$339.04

5%Groceries

$212.85

3%Gas

$64.8

2%Recurring Transactions

$48

4%Rental Car & Taxi, Public Transportation

$38.4

1%All other purchases

$142.23

Fees, rates and eligibility

What each card costs to hold and to use abroad, and who it's for.

$139

$0 the first year

Annual fee

$139

$0 the first year

$75

Additional cards

$50

Interest rates

Purchase:

21.99%

Cash Advance:

22.99%

Purchase:

21.99%

Cash Advance:

23.99%

Balance Transfer:

23.99%

Recommended credit score

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Income required

Min Personal Income:

$60,000

Min Household Income:

$100,000

Min Personal Income:

$80,000

Min Household Income:

$150,000

How each card earns

The earn rates and caps, as each issuer sets them.

Earn 1.5 points^†for every $1 spent on eligible gas, electric vehicle charging, grocery and direct through Air Canada^®purchases (including Air Canada Vacations^®) made with your Card.
Earn 1 point^†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 200+ online retailers via the Aeroplan eStore (www.aeroplan.com/estore).
Your Aeroplan Points do not expire as long as you are a TD^® Aeroplan^® Visa Infinite* Cardholder in good standing.
Earn more at Starbucks: Link your eligible Card to earn more Starbucks Stars at participating Starbucks stores. Conditions apply.

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*

Points and how we value them

Points become dollars at each card's best redemption. Here's the value we used, and every other way to spend them.

Loyalty program

Aeroplan

We count each point at 1.9¢ a point, what it's worth redeemed for Flights, its best value. Every dollar figure above uses that value.

Cash back: every dollar it earns counts as a dollar, so there's nothing to convert.

Point redemption options

Most Optimal

Flights

1.9¢ / point

Car Rentals

0.9¢ / point

Travel

0.825¢ / point

Merchandise

0.75¢ / point

Gift Cards

0.72¢ / point

Nothing to redeem: it pays cash back.

Insurance and perks

What both cards include comes first in each list.

Insurance

Lost or Stolen Baggage^†

$1,000

Baggage Delay^†

$1,000

Car Rental Damage & Theft^†

yes

Common Carrier Travel Accident Insurance^†

$500,000

Extended Warranty^†

1 year

Purchase Protection^†

90 days

Hotel Burglary Insurance^†

$2,500

Travel Medical Insurance (64 & under)^†

21 days

Flight Delay^†

$500

Mobile Device Insurance^†

$1,000

Travel Medical Insurance (65 to 75)^†

4 days

Trip Cancellation^†

$1,500

Trip Interruption^†

$5,000

Lost or Stolen Baggage

$500/person, $1,000 maximum*

Baggage Delay

$500/person, $1,000 maximum After 6 hours*

Car Rental Damage & Theft

$65K MSRP up to 48 days*

Common Carrier Travel Accident Insurance

$500,000

Extended Warranty

1 year

Purchase Protection

90 days

Hotel Burglary Insurance

$1,000

Travel Medical Insurance (64 & under)

$5M up to 8 days per covered person*

Flight Delay

$500 After 4 hours delay*

Perks

Car Rental Discount^†

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

Visa 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 purchases

Free first checked bag^†

First checked bag is free for primary cardholder on Aircanada flights and up to 8 guests

Extra points^†

Link your eligible Card to earn more Starbucks Stars at participating Starbucks stores. Conditions apply.  

Extra points^†

Earn points twice at over 150 Aeroplan partner brands and over 200 online retailers through the Aeroplan eStore

Nexus Program Rebate^†

$100 every 4 years

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

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 tool.*

Airport 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.*

Roadside Assistance

Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing – a $75/year value.*

Discount

Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*

Our take

Why we like 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 rebate, 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.

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

Decent rewards
First-year fee rebate
Comprehensive insurance
Impressive travel perks

Impressive cashback rates
Rare roadside assistance
Comprehensive insurance and benefits
High first-year value

Cons

Relatively lower reward rates
Limited airline loyalty
Annual fee
Income requirements

Lacks restaurant optimization
Low monthly cashback caps

More comparisons

Other cards we've put each of these up against.

Legal

^†Terms and conditions apply.

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*Terms and conditions apply

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