As Milesopedia’s credit card and rewards specialist, I’ve used Aeroplan, Marriott Bonvoy, and Amex Membership Rewards points to travel across all 7 continents, and in my experience, chasing one perfect number for your points is the wrong goal: what matters is whether a redemption gets you somewhere you couldn’t otherwise justify paying for.
Calculating points value is very easy; we detailed all the steps you should go through with your thought process in this article. However, the question of whether to redeem your points or pay with cash may linger on.
Ultimately, how can you know the accurate point valuation for your situation?
In this article, I chose Aeroplan to demonstrate the thought process you should go through, but it can apply to all airline and hotel loyalty programs.
What Are Aeroplan Points Worth?
Let’s look at possible points valuations for Aeroplan, Air Canada’s loyalty program. You can redeem your points in many ways: purchase airline tickets, merchandise, gift cards, etc.
As this program is intended for air travellers, the best use will be for purchasing airline tickets, which is a large factor in how we get our valuation of 2¢ per point. Here’s how we narrowed it down to that number:
As you can see, the 2¢ per point is an average value we gave because, as per experience, it is very common and easy for anyone to achieve that target.
How to calculate points value
To assess the value of your points, you need to identify the flights you want to purchase using Aeroplan points. Then, consult Google Flights or the airline’s website to compare the prices in points versus money by searching for the value of the same itinerary but using cash.
For example, we checked a round-trip flight to San Diego, a beautiful family destination, for October 17-24, 2026, in economy class.
($600 – $244) ÷ 57,400 × 100 = 0.62¢ value per point
Interestingly, when looking at economy class versus business class redemptions, the number of points needed for the premium cabin is usually twice the cost of the former.
On the other hand, when you are paying in cash, the price isn’t 2X higher but more likely to be 3X, 4X or 5X higher.
Indeed, you can see in the screenshot below that the cost of the business class award fare in points is not even 2X the fare of economy class:
Therefore, it is easier to achieve a higher point valuation when flying in business class since the number of points you need doesn’t specifically go up as the cash price does. With a bit of good luck, you can therefore find business class cash fares that are less than twice the cost of economy!
Points Value – Opportunity Cost
What if the place you wish to visit doesn’t hit the 2¢ per point target for your travel dates? Remember, award fares on Air Canada and all cash fares are dynamically priced, so these costs will depend on your desired days to travel.
For example, we often see value under the 2¢ per point mark when searching for award fares to Europe. This is because the competition is fierce and cheap cash fares can easily be found, so your point valuation might end up below that mark, as we found when we checked a round-trip flight to Portugal for October 17-24, 2026, in economy class:
($861 – $144) ÷ 100,900 × 100 = 0.71¢ value per point
Suppose your usual objective is to earn Aeroplan points to travel to Europe in economy class. In that case, you will likely always linger around that 1.5¢ per point mark and only occasionally go above the 2¢ per point value.
However, should you still redeem your points or you should you instead pay with cash?
In these situations, you must consider opportunity cost and not just points valuations. This means asking yourself these questions:
Do I have other plans for these points where I can employ them at a 2¢ per point value or higher?
Do I have the means to pay $5,000 for the airplane tickets?
Do I have other more profitable use for that amount of money?
If you travel often, you will have a better chance of having other opportunities to redeem your points for something of higher value.
For example, you could save those 285,000 Aeroplan points and pay the $5,000 for your family trip to Portugal, if you were also planning a romantic getaway to Europe without the kids in business class not too long after. This couples trip will either cost 280,000 Aeroplan points or $12,000 for the two of you.
Additionally, you must also remember that points are there to help us reduce our costs. For some, $5,000 can be a lot of money, and points can make the difference between being able to travel or not going at all.
For many, instead of spending $5,000, it might be better to use your points rather than leaving them sitting and doing nothing in your account, especially if you don’t have any better use for them in the short term. By doing this, your points can pay for your airfare, and the money you didn’t spend on the flights can cover your accommodation, excursions, and restaurant bills instead.
Additionally, even if you can afford to pay for the flights in cash, redeeming points instead means you can utilize that $5,000 for other purposes. You can easily find another way to spend or save that amount.
Did you max out your kids’ RESP (Registered Education Savings Plans)? By investing $2,500 per kid in their RESP, you can obtain a 30% government grant. That money will grow with compound interest while your points won’t. So, is it preferable to put that $5,000 towards Portugal or max out your children’s RESP for the year?
No kids? How about maxing out your Registered Retirement Savings Plan (RRSP) for an income tax refund?
Importantly, points are not an investable asset — cash is.
Therefore, if you are waiting for a potential high-value redemption that may or not come around, you might be better off redeeming your points when you have a chance, especially if you have concrete projects you can use your cash for. That said, only you will know what is most appropriate for your situation.
Points Value – Earn and Burn
When earning points, it is advisable to use (burn) them before they get devalued. Indeed, loyalty programs are always at the mercy of chart revamping, more commonly known as devaluation. While 285,000 Aeroplan points may be enough for your family trip to Portugal today, it may be a different story next year.
Points devaluation is similar to what inflation does to cash; the difference is that money can be invested to counter the effects of inflation.
While we encourage saving your points for high-value redemptions, these goals shouldn’t be set too far out in the future. Specifically, you should plan to use your points every two years or so. After that span of time, while a devaluation might not be guaranteed, chances are that prices will have gone up, and you’ll still need more points for the same objective.
Points Value – Easiness to Earn
Points may be easier to earn than cash. Indeed, with all the generous sign-up bonuses out there, one or two credit card memberships might be enough for you to reach your points goal. For example, if two parents sign up for the TD® Aeroplan® Visa Infinite* Card, they could earn more than enough points for a family getaway in North America or further abroad, depending on the award fares available.
Just take ten minutes to sign up for your accounts, then use your credit cards to pay your usual bills and voilà! You will have a boatload of points. Comparably, earning an equivalent amount of cash to match this points valuations might take a lot longer depending on your job and salary.
Now, if you never seem to reach the target valuation everyone talks about, you may want to ask yourself whether or not you’ve chosen the right program for your situation.
Indeed, if you love all-inclusive resorts but opted for Aeroplan points, you will likely be stuck with a 1¢ per point valuation for all your holidays, as this is what Aeroplan points are worth when redeemed for that kind of trip.
But hey, if you got those points for free from a sign-up bonus and have no other plans for them, why not use them instead of burning cash? Just adjust your strategy for the next one!
Bottom Line
Calculating points valuations is super easy – it’s simple math. However, interpreting the results may be more difficult as there are many personal things to consider.
There is no right or wrong value if points help you achieve something you wouldn’t have been able to do without them. That is the basis of « travel hacking »: use points to save money.
Finally, don’t let your points get devalued while waiting and hoping for a better redemption that may or may not come!
Points truly only have value once they are redeemed, and how you employ them will dictate your personal point valuation target.
$2,000ⓘMilesopedia first-year estimateFirst-year valueWelcome bonus$2,000Total$2,000Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Milesopedia first-year estimateⓘFirst-year valueWelcome bonus$2,000Total$2,000Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Limited Time Offer! Apply by December 1, 2019 to earn up to 60,000 Aeroplan Miles (equivalent to 2 business class short-haul roundtrip flight rewards)¹ as follows:
Welcome Bonus of 25,000 Aeroplan Miles when you make your first Purchase with your card¹.
+ Earn 2x miles on your purchases4,5 made using your Card for a total of up to 30,000 Aeroplan Miles, for first 3 months¹.
+ Earn 5,000 Aeroplan Miles when you add an Authorized User to your Account by December 1, 2019. Annual Fees for Authorized Users continue to apply¹.
Earn Aeroplan Miles with every purchase made on your Card and arrive at your dream destination sooner
Enjoy Air Canada®³ and Visa Infinite Privilege benefits4
Priority Check-in on Air Canada®³ flights
Priority Boarding on Air Canada®³ flights
First checked bag free on Air Canada®³ flights
Four annual One-Time Guest Passes to the Maple Leaf Lounge (when travelling on flight rewards)
50% discount on companion tickets for eligible Executive Class or Executive First fare (booking classes J & C) on tickets entirely operated by Air Canada®³ & Air Canada Express
Global Airport Lounge Access4
Visa Infinite Privilege* Airport Benefits4 at Vancouver, Ottawa and Montreal-Trudeau International airports
An extensive suite of travel insurance
Earn 1.5 miles5for every $1 spent on eligible grocery, gas, drugstore and Air Canada Purchases (excluding Air Canada Vacation packages) made with the Card (capped annually on the first $100,000 across these categories)
Earn 1.25 miles6 for every $1 spent on all other purchases made with the Card
Earn miles twice7 when you pay with your Card and present your Aeroplan Membership Number at participating partner brands and online retailers via the Aeroplan eStore
Your Aeroplan Miles don’t expire as long as you’re a TD Aeroplan Credit Cardholder
Sponsored advertising. 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 this TD credit card, please click the Apply Now button.
Fees / Rates / Eligibility
Type
Details
Personal annual income
-
Household annual income
$200,000
Purchase APR
19.99%
Cash Advance APR
22.99%
Interest Grace Period
21 days on all new purchases
Balance Transfer Rate
22.99%
Foreign Transaction Rate
Annual Fee
$399
Authorized User Cards
$99
Balance Transfer Fee
Promotional Balance Transfer/ Cheque Fee: 3% of the amount of each Balance Transfer or TD Visa Cheque that we may offer to you at a promotional interest rate which is an interest rate that is lower than the regular annual interest rate that applies to Cash Advances on your Account. The Bank may waive or lower this 3% fee at the time the promotional interest rate offer is made to you. You will be advised of the exact fee that applies at the time the offer is made.
Cash Advance Fee
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 Currency Conversion Fee
2.50%
Over Credit Limit Fee
N/A
Disclaimer
Annual interest rates, fees and features are current as of June 19, 2017 unless otherwise indicated and subject to change.The Aeroplan Program is a coalition loyalty marketing program owned and operated by Aeroplan Inc. Visit aeroplan.com for complete terms and conditions of the Aeroplan Program. The Toronto-Dominion Bank and its affiliates are not responsible for the Aeroplan Program.1 Must apply by December 1, 2019. Welcome Bonus of 25,000 Aeroplan Miles will be awarded to the Aeroplan Member account associated with the TD Aeroplan Visa Infinite Privilege* Card Account (“Account”) only after the first Purchase is made on the Account. Welcome Earn Bonus of 2x in Aeroplan Miles ("Welcome Earn Bonus") applies to new Account in the first 3 months of Account opening ("First 3 Months") to a maximum total collective miles of 30,000 ("Welcome Earn Bonus Cap") on all purchases charged to your ("Account"). During the Welcome Earn Bonus promotional period, 3 Aeroplan Miles are earned for each $1.00 in Purchases of eligible gas, groceries, drugstore, and aircanada.com products and services (excluding Air Canada Vacations packages, car rentals, hotel bookings, and other third party partner products and services that can be purchased through aircanada.com) charged to your Account and 2.5 Aeroplan Miles are earned for each $1.00 for all other Purchases charged to your Account. Any returned items, refunds, rebates or other similar credits on any Purchases made during the First 3 Months will reduce or cancel the Aeroplan Miles earned at the Welcome Earn Bonus on the original Purchase, as applicable. Welcome Earn Bonus Cap: Once the Welcome Earn Bonus Cap is reached, any further Purchases made in the First 3 Months will earn Aeroplan Miles at the regular 1.5 Bonus Aeroplan Miles that applies to each $1.00 in Purchases of eligible gas, groceries, drugstore, and aircanada.com products and services (excluding Air Canada Vacations packages, car rentals, hotel bookings, and other third party partner products and services that can be purchased through aircanada.com) and 1.25 Aeroplan Mile to each $1.00 to all other eligible Purchases. To receive the additional 5,000 Aeroplan Miles for adding an Authorized User to your Account ("Authorized User Bonus"), you must: (a) apply for an Account and add an Authorized User between September 4, 2019, and December 1, 2019; and (b) Authorized User must call and activate their Card by January 31, 2020. You can have a maximum of three (3) Authorized Users on your Account but you will only receive 1 (one) 5,000 Authorized User Bonus Aeroplan Miles offer. Annual Fee for each Authorized User Card added to the Account will apply. The Primary Cardholder is responsible for all charges to the Account, including those made by any Authorized User. Other conditions apply. Offers may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise specified. Welcome Bonus and 2x miles earned through Welcome Earn Bonus are not eligible for Aeroplan status. Your Account must be in good standing at the time bonus miles are awarded. Please allow 8 weeks after the conditions for each offer are fulfilled for the miles to be credited to your Aeroplan Member account.The number of Aeroplan Miles required for the destination is accurate as of September 4, 2019 and is subject to change at any time by Aeroplan Inc. According to Aeroplan's current reward chart, destinations reflect two short-haul Fixed Mileage Flight Reward® in Business Class departing from within Canada or the continental US (plus applicable fees and taxes). Fixed Mileage Flight Reward availability is capacity controlled and is subject to availability at time of booking as well as seasonality of demand. Aeroplan Flight Rewards are subject to taxes, landing and departure fees, and other charges and surcharges may apply. Aeroplan Partners, rules and regulations are subject to change without notice. For full details on Aeroplan's current reward chart, please visit aeroplan.com.2 Primary Cardholder remains liable for all charges to the Account, including those made by an Authorized User.3 All Air Canada benefits are fulfilled in whole or in part by Air Canada or its designated affiliates or other third parties, and are subject to change at any time. The Toronto-Dominion Bank and its affiliates are not responsible for fulfilling these benefits. For more details about these benefits, please contact Air Canada directly. Air Canada Benefit Eligibility – Priority Travel Services : With the TD Aeroplan Visa Infinite Privilege Card, Air Canada benefits (the complimentary first checked bag, priority check in and priority boarding) apply whenever the Primary Cardholder travels on a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. Flights operated by other airlines are not eligible. To access priority check-in and priority boarding, the Primary Cardholder must include their Aeroplan Number on their reservation at time of booking, or redeem their Aeroplan flight reward (defined as Fixed Mileage Flight Rewards® or Market Fare Flight Rewards®) using miles from their Aeroplan account. To access these benefits, the Primary Cardholder must also ensure that the name on the Air Canada flight booking is identical to the name on the Aeroplan account profile of the traveler. Where zonal boarding is available, the priority boarding status will be recognized by a Zone 2 descriptor for the Primary Cardholder and companions travelling on the same reservation checking-in at the same time, which will be displayed on the Air Canada issued boarding pass. Priority check-in may also be extended to companions travelling on the same reservation checking-in at the same time as the Primary Cardholder. To access priority check-in and priority boarding, the Primary Cardholder may be required to show their TD Aeroplan Visa Infinite Privilege* Card to the Air Canada agent. Please allow two (2) weeks from receiving your Card for these Air Canada benefits to be activated. The complimentary first checked bag , up to 23kg (50lb), applies whenever the Primary Cardholder travels on a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. Flights operated by other airlines are not eligible. To access this benefit, the Primary Cardholder must include their Aeroplan Number on their reservation at time of booking, or redeem their Aeroplan flight reward (defined as Fixed Mileage Flight Rewards or Market Fare Flight Rewards) using miles from their Aeroplan account. To access this benefit, the Primary Cardholder must also ensure that the name on the Air Canada flight booking is identical to the name on the Aeroplan account profile of the traveler. The complimentary first checked bag applies solely to the Primary Cardholder, and service charges for additional/oversized/overweight baggage may apply. Applicable on flights that do not already offer a complimentary first checked bag. To access this benefit, the Primary Cardholder may be required to show their TD Aeroplan Visa Infinite Privilege * Card to the Air Canada agent. Please allow two (2) weeks from receiving your Card for these Air Canada benefits to be activated.The complimentary first checked bag, up to 23kg (50lb), applies whenever the Primary Cardholder travels on a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. Flights operated by other airlines are not eligible. To access this benefit, the Primary Cardholder must include their Aeroplan Number on their reservation at time of booking, or redeem their Aeroplan flight reward (defined as Fixed Mileage Flight Rewards or Market Fare Flight Rewards) using miles from their Aeroplan account. To access this benefit, the Primary Cardholder must also ensure that the name on the Air Canada flight booking is identical to the name on the Aeroplan account profile of the traveler. The complimentary first checked bag applies solely to the Primary Cardholder, and service charges for additional/oversized/overweight baggage may apply. Applicable on flights that do not already offer a complimentary first checked bag. To access this benefit, the Primary Cardholder may be required to show their TD Aeroplan Visa Infinite Privilege Card to the Air Canada agent. Please allow two (2) weeks from receiving your Card for these Air Canada benefits to be activated.Air Canada Benefit Eligibility – Air Canada Maple Leaf Lounge One-Time Guest Access Benefit : With the TD Aeroplan Visa Infinite Privilege Card, the Primary Cardholder will receive four Air Canada Maple Leaf Lounge™ One-Time Guest Access Benefits once every calendar year (January 1 - December 31). The Primary Cardholder may access an Air Canada Maple Leaf Lounge™, where available, upon presentation of an active TD Aeroplan Visa Infinite Privilege Card with a valid, same-day boarding pass for travel using an Aeroplan Flight Reward, only, on flights operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. To access this benefit, the Primary Cardholder must redeem their Aeroplan Flight Reward (defined as Fixed Mileage Flight Rewards® or Market Fare Flight Rewards®) with miles from their Aeroplan account. Each Air Canada Maple Leaf Lounge One-Time Guest Access Benefit applies for a single entry during the calendar year for which it was provided by the Primary Cardholder only and cannot be carried forward to the next calendar year. As of November 2, 2015, Air Canada Maple Leaf Lounge One-Time Guest Access Benefits associated with the TD Aeroplan Visa Infinite Privilege Card may be used by a traveling companion, pending space availability, provided that the companion is booked on the same reservation as the eligible Primary Cardholder. Only applicable if the companion ticket is also redeemed using miles from the eligible Primary Cardholder’s Aeroplan account. Companion must be accompanied by the eligible Primary Cardholder who is using a One-Time Guest Access Benefit to access the same Air Canada Maple Leaf Lounge. The One-Time Guest Access Benefit may be extended to more than one companion at any given time, pending space availability, provided that the conditions above are met and that this does not exceed the maximum annual allotment of One-Time Guest Access Benefits. Additional conditions may apply and are outlined on aircanada.com/tdbenefits. Air Canada Maple Leaf Lounge access is subject to availability and all other terms and conditions located here that are subject to change at Air Canada’s sole discretion from time to time. Please allow two (2) weeks from receiving your Card for these Air Canada benefits to be in effect.Air Canada® Benefit Eligibility – 50% Discount on Companion Ticket : Upon the purchase from Air Canada of two (2) eligible Business Class (Flexible) fares for the Primary Cardholder and a companion (booking classes J, C, and D only) on tickets entirely operated by Air Canada or under the Air Canada Express banner, the Primary Cardholder will be eligible for a 50% discount on the companion ticket. Flights operated by other airlines, including Air Canada-marketed codeshare flights are not eligible. The 50% discount only applies on the published fare, and will not apply to any additional taxes, fees, charges or surcharges. This offer is available once every calendar year (January 1 – December 31) to each Primary Cardholder. The Primary Cardholder can only access the 50% discount each year when booking online at aircanada.com using that year’s promotional code. All travel must be completed by December 31 of the following year. Offer also applies to select Premium rouge bookings, where booking classes J, C, or D are available, on flights operated by Air Canada rouge to select destinations in Canada, the United States, or the Caribbean. Should you require assistance completing your 50% discount during your online booking, please contact Air Canada at 1-888-247-2262. Offer is non-transferable, and the companion Business Class ticket must be booked on the same reservation as the eligible Business Class (Flexible) booking by the Primary Cardholder. Please note that promotional codes apply to undiscounted published fares. Some of our previously discounted fares, while not eligible for the promotion, may be lower than the final price of the undiscounted fare to which the promotion applies.4 You must be an eligible Visa Infinite Privilege cardholder with a valid Visa Infinite Privilege Card to take advantage of the Visa Infinite Privilege benefits and services. Certain benefits and services require enrolment. Offers and benefits are non-transferable and discounts cannot be combined with any other offer or discount. Neither Visa nor the Issuer of the card is responsible for any claims or damages arising from use of any benefits or services provided by a third party. Visa reserves the right to modify or cancel offers or benefits at any time and without notice. All offers, benefits and services made available through Visa are subject to complete terms and conditions, including third party suppliers’ terms and conditions (available at www.visainfinite.ca/privilege/terms.jsp). The Visa Infinite Privilege privacy policy (available at www.visainfinite.ca/privilege/privacy.jsp) applies to all benefits and services that require enrolment through, or are otherwise provided by, the Visa Infinite Privilege Concierge or the Visa Infinite Privilege website. The collection, use and disclosure of cardholders’ personal information by third party suppliers of services and benefits to Visa Infinite Privilege cardholders are subject to such third parties’ own privacy policies.5 1.5 Bonus Aeroplan Miles (“Bonus Rate”) are earned on each $1.00 in Purchases of gas, groceries or drugstore products/services charged to your TD Aeroplan Visa Infinite Privilege Card Account (“Account”). This Bonus Rate is also earned on each $1.00 in Purchases from Air Canada charged to your Account for products and services completed online at aircanada.com, in-person at an Air Canada customer service counter at the airport or aboard an Air Canada flight. Excluded from the Bonus Rate are Air Canada Vacations packages, car rentals, hotel bookings, and other third party partner products and services that can be purchased through aircanada.com. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Aeroplan Miles earned on the original Purchase. To earn this Bonus Rate, Purchases of gas, groceries, drugstore products/services and Air Canada Purchases must be made at merchants classified through the Visa* network with a Merchant Category Code (“MCC”) that identifies them in the “gas”, “grocery”, “drugstore” or “Air Canada” category. Some merchants may sell gas, groceries or drugstore products/services or Air Canada products/services, or have separate merchants located on their premises that also sell gas, groceries or drugstore products/services or Air Canada products/services, but may not be classified with a gas, grocery, drugstore or Air Canada MCC and such Purchases will not earn this Bonus Rate. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Bonus Rate is only available on the first $100,000 in net annual Purchases of gas, groceries, drugstore products/services and Air Canada Purchases made from January 1 to December 31 each year on your Account. Once the maximum net annual amount has been reached, Purchases of gas, groceries, drugstore products/services or Air Canada Purchases on the Account will not earn the Bonus Rate but will only earn Aeroplan Miles at the standard rate that applies to all other Purchases on the Account. This Bonus Rate offer is in place of, and not in addition to, the standard rate earned on all other Purchases made on your Account. Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.6 1.25 Aeroplan Miles are earned on each $1.00 in Purchases charged to your TD Aeroplan Credit Card Account (“Account”). Credit for returned items, refunds, rebates or other similar credits will reduce or cancel the Aeroplan Miles earned by the amount originally charged to your Account. Fees, Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa Cheques), interest charges, optional services, refunds, rebates or other similar credits do not earn Aeroplan Miles. Please see the Aeroplan Terms for Your TD Credit Card section of the Cardholder Agreement for complete details on Aeroplan Miles earned on Purchases (a copy of your Cardholder Agreement is available at http://www.tdcanadatrust.com/tdvisa/agreements ).7 The Toronto-Dominion Bank is not responsible for any Aeroplan Miles under this “earn miles twice” feature of the Aeroplan Program when the Aeroplan Membership Card is presented. See your Aeroplan Program for full details. Feature may be changed, withdrawn or extended at any time and cannot be combined with any other offer.For full details on hotel accommodation and car rental booked with Aeroplan Travel Services, please visit aeroplan.com.All trade-marks are the property of their respective owners.* Trademark of Visa Int., used under license.TM Air Canada Maple Leaf Lounge is a trademark of Air Canada, used under license.® Air Canada, Air Canada Express, Air Canada Rouge and the Air Canada Maple Leaf logo are registered trademarks of Air Canada, used under license.® Air Canada is a registered trademark of Air Canada, used under license.® Fixed Mileage Flight Rewards and Market Fare Flight Rewards are registered trademarks of Aimia Canada Inc.Aeroplan® and the Aeroplan logo are registered trademarks of Aeroplan Inc.The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.
Legal
†Terms and conditions apply.
With the TD® Aeroplan® Visa* Infinite Privilege* Card, you can earn up to 100,000 Aeroplan points† with a tiered welcome offer.
This card also offers premium travel benefits, including:
A partial rebate on NEXUS program application fees (up to $100 CAD per eligible cardholder) every 48 months†
Unlimited access to Air Canada Maple Leaf Lounges†, with complimentary access for one guest
6 complimentary visits per year to select international airport lounges through the Visa Airport Companion Program† presented by DragonPass International Ltd.
First checked bag free for you and up to 8 travel companions on the same reservation when travel begins with an Air Canada flight†
With the TD® Aeroplan® Visa* Infinite Privilege* Card, you earn:
Earn 2 points† for every $1 spent on eligible purchases made direct through Air Canada® purchases (including Air Canada Vacations®)
1.5 points† per dollar on eligible purchases of gas, electric vehicle charging, groceries, travel, public transit and dining
1.25 points† per dollar on all other eligible purchases
Annual fee
Primary card$599
Additional card$199
Annual income required
Individual$150,000
Household$200,000
Conversion fees
2.5%
Earning rate
2xAir Canada flights
1.5xRestaurants
1.5xGroceries
1.5xTravel
1.5xTransit
1.5xGas & EV
1.25xAll spending
Value
1st Year Value$2,334
2nd Year Value$461
Card benefits
Concierge service24/7
Airport lounge access$400
Travel insurance
Travel medical (under 55)Up to $5,000,000 / 31 days
Travel medical (55-64)Up to $5,000,000 / 31 days
Travel medical (65+)Up to $5,000,000 / 4 days
Trip CancellationUp to $2,500
Trip InterruptionUp to $5,000
Delayed BaggageUp to $1,000
Lost BaggageUp to $2,500
Flight DelayUp to $1,000
Hotel BurglaryUp to $2,500
Travel AccidentUp to $500,000
Purchase protection
Purchase ProtectionIncluded
Extended Warranty+2 years
Mobile DeviceUp to $1,500 / 2 years
Auto Rental CollisionUp to $65,000 / 48 days
Frequently Asked Questions
What is considered a good value per point for Aeroplan?
On average, redeeming Aeroplan points for flights lands around 2 cents per point when you fly economy on a long-haul route. Business and first class often push the value higher, sometimes above 6 cents per point, while gift cards and merchandise rarely go past 1 cent per point.
Is there one correct point valuation target for every loyalty program?
No. Each program has its own average redemption values, but your actual valuation depends on the flights, dates, and cabin you choose. A number that works for Aeroplan won’t automatically apply to Amex Membership Rewards or another program.
Should I redeem my points or pay cash for a trip?
It depends on opportunity cost, not just cents per point. If you have another, higher-value use for your points, or if paying cash frees up money for a priority like an RESP contribution, cash might be the smarter choice even when the point valuation looks good.
How long should I wait before redeeming my points?
We recommend using your points within about two years. Loyalty programs regularly devalue their redemption charts, so points that cover a trip today may not stretch as far next year.
Is it easier to earn points or cash?
Points are often easier to accumulate quickly, especially through generous credit card welcome bonuses. Earning the equivalent amount in cash usually takes longer and depends on your income.
Why do point values change depending on the destination?
Award flight prices and cash fares are both dynamically priced. Highly competitive routes, like flights to Europe, often have cheap cash fares available, which lowers the value you get per point compared to less competitive routes.
What if I never reach the average point valuation target?
If your redemptions consistently fall short of a program’s average valuation, it may be worth reconsidering whether you picked the loyalty program that best matches how you actually travel.
Aline, an experienced traveler and avid photographer, is an Avgeek, a foodie at heart and a mother to two children. An expert in credit cards & rewards programs, including Aeroplan, Marriott Bonvoy, American Express Membership Rewards, CIBC Aventura, and RBC Avion, she uses points to travel affordably and save in daily life. Having explored all 7 continents and 83 countries, Aline shares her travel passion and insights to help others make the most of loyalty programs.
Our reviews and rankings are based on an objective assessment. Advertisers do not influence our content. We may receive compensation through some links; our analysis and opinions remain independent.
