Head to Head: TD First Class Travel Visa Infinite vs TD Aeroplan Visa Infinite
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Here are two Visa Infinite credit cards from the same bank that earn two very different currencies:
This TD First Class Travel vs TD Aeroplan comparison pits TD Rewards points, which have a fixed value and work on almost any trip, against Aeroplan points, which have a variable value and are tied to Air Canada and its partners. The annual fee, the income requirement and even the insurance package are identical. What should tip the scale is how you travel and how much time you want to spend on your points. To see how both cards stack up against the rest of the market, check our ranking of the best credit cards in Canada.
Our analysis focuses on the main differences between these two credit cards:
- The currency: fixed-value TD Rewards points versus variable-value Aeroplan points
- Earn rates: big multipliers on the First Class Travel card, 1.5 points per dollar on the essentials with TD Aeroplan
- The welcome offer: up to 160,000 TD Rewards points versus up to 50,000 Aeroplan points
- Travel perks: lounge visits and a travel credit on one side, a free checked bag and a NEXUS rebate on the other
The comparison table
Here are both cards side by side, based on our card data as of October 20, 2026. We break down each line below.
| Feature | TD First Class Travel Visa Infinite Card | TD Aeroplan Visa Infinite Card |
|---|---|---|
| Annual fee | $139, rebated in year 1 | $139, rebated in year 1 |
| Additional card | $50 (first cardholder) | $75 |
| Income requirement | $60,000 personal or $100,000 household | $60,000 personal or $100,000 household |
| Currency | TD Rewards points | Aeroplan points |
| Earn rates | 8 pts/$ Expedia For TD; 6 pts/$ groceries, dining, transit; 4 pts/$ bills and streaming; 2 pts/$ elsewhere | 1.5 pts/$ groceries, gas and EV charging, Air Canada purchases; 1 pt/$ elsewhere |
| Welcome offer | Up to 160,000 TD Rewards points | Up to 50,000 Aeroplan points |
| Estimated offer value | About $800 | About $1,000 |
| Emergency medical | $2,000,000, 21 days (4 days at 65+) | $2,000,000, 21 days (4 days at 65+) |
| Airport lounges | 4 visits per year (Visa Airport Companion) | No access |
| Free checked bag | No | Yes, cardholder and up to 8 companions |
| Annual perk | $100 TD Travel Credit | NEXUS rebate up to $100 every 48 months |
| Milesopedia valuation | 0.5¢ per point | 2.0¢ per point |
Welcome offer
Both offers share one feature: TD rebates the first-year annual fee on each card. Beyond that, the amounts and the spending thresholds are nothing alike.
The TD First Class Travel® Visa Infinite* Card currently offers up to 160,000 TD Rewards points:
- 20,000 points on your first purchase;
- 140,000 points when you spend $7,500 within 180 days of account opening.
The TD® Aeroplan® Visa Infinite* Card offers up to 50,000 Aeroplan points:
- 10,000 points on your first purchase;
- 15,000 points when you spend $3,000 within 90 days of account opening;
- 25,000 points as a one-time anniversary bonus when you spend $12,000 within 12 months of account opening.
The 160,000-point figure looks big, but it needs converting. At Milesopedia's valuations, the First Class Travel offer is worth about $800, compared with about $1,000 for the TD Aeroplan offer. The Aeroplan offer asks for more patience, though: 12 months of spending instead of 6. If your budget falls short, the 25,000-point anniversary tranche slips away.
Earning points
This is where the two cards split. The First Class Travel card posts big multipliers on a point that is worth little. The TD Aeroplan card posts small multipliers on a point we value four times higher.
Earn rates
The TD First Class Travel® Visa Infinite* Card earns:
- 8 TD Rewards points per dollar on travel booked through Expedia® For TD;
- 6 points per dollar on groceries, dining and public transit;
- 4 points per dollar on recurring bill payments, streaming services, and digital games and media;
- 2 points per dollar on everything else.
The TD® Aeroplan® Visa Infinite* Card earns 1.5 Aeroplan points per dollar on:
- Groceries: eligible grocery purchases
- Gas and charging: gas and electric vehicle charging
- Air Canada: purchases made directly with Air Canada, including Air Canada Vacations
All other purchases earn 1 Aeroplan point per dollar. In addition, until July 15, 2029, TD awards 1.5 points per dollar at participating Hyatt hotels and resorts, plus 1 World of Hyatt point per dollar, according to its published terms.
Caps to watch
The bonus categories on the First Class Travel card are capped at $25,000 in spending per year, per category. Above that, the rate drops to 2 points per dollar. In practice, that cap works out to roughly $2,080 a month in groceries, which few households exceed.
On the TD Aeroplan card, the Hyatt bonus rate applies up to $80,000 in spending per year. TD also states that other annual earning caps may apply to the card. If you plan to put very large amounts on it, read TD's terms before you commit.
Real return per dollar
An earn rate means nothing without the value of the point. Here is the return in cents per dollar, at Milesopedia's valuations: 0.5¢ per TD Rewards point and 2.0¢ per Aeroplan point.
| Spending category | TD First Class Travel Visa Infinite Card | TD Aeroplan Visa Infinite Card |
|---|---|---|
| Groceries | 6 pts/$, or 3.0¢/$ | 1.5 pts/$, or 3.0¢/$ |
| Dining | 6 pts/$, or 3.0¢/$ | 1 pt/$, or 2.0¢/$ |
| Public transit | 6 pts/$, or 3.0¢/$ | 1 pt/$, or 2.0¢/$ |
| Gas and EV charging | 2 pts/$, or 1.0¢/$ | 1.5 pts/$, or 3.0¢/$ |
| Recurring bills and streaming | 4 pts/$, or 2.0¢/$ | 1 pt/$, or 2.0¢/$ |
| Direct Air Canada purchases | 2 pts/$, or 1.0¢/$ | 1.5 pts/$, or 3.0¢/$ |
| Travel booked on Expedia For TD | 8 pts/$, or 4.0¢/$ | 1 pt/$, or 2.0¢/$ |
| All other purchases | 2 pts/$, or 1.0¢/$ | 1 pt/$, or 2.0¢/$ |
Reading the table, the First Class Travel card wins on dining, public transit and trips booked through Expedia For TD. The TD Aeroplan card wins on gas, Air Canada purchases and every non-bonus purchase. On groceries, both cards tie at 3.0¢ per dollar.
A sample annual budget
Take a household that puts $30,000 a year on its card, split as follows:
- Groceries: $9,600
- Dining: $3,600
- Gas: $2,400
- Recurring bills and subscriptions: $1,800
- Other purchases: $12,600
With the First Class Travel card, that budget earns 116,400 TD Rewards points, worth about $582 on Expedia For TD. With the TD Aeroplan card, it earns 36,000 Aeroplan points, worth about $720 at 2.0¢ per point.
The value of each currency
Milesopedia values TD Rewards points at 0.5¢ and Aeroplan points at 2.0¢. These two numbers do not read the same way: the first is a ceiling, the second is an average.
TD Rewards: a fixed value
On the Expedia For TD portal, 200 TD Rewards points take $1 off your booking, which is 0.5¢ per point. You can book any flight, hotel or package listed on the platform, with no blackout dates and no seat restrictions. Elsewhere, the value drops:
- Travel credit on a booking made elsewhere: 0.4¢ per point
- Shop with Points on Amazon.ca: 0.33¢ per point
- Statement credit, gift cards and merchandise: about 0.25¢ per point
In other words, the best case is also the normal case. You have nothing to learn to get 0.5¢, but you will never do better. Our TD Rewards program page covers each redemption option.
Aeroplan: a variable value
The price of an Aeroplan flight depends on the date, the cabin and availability. Our 2.0¢ valuation is an average that hides wide gaps:
- Economy flights: about 1.5¢ per point
- Business class flights: about 2.2¢ per point
- First class flights: about 2.8¢ per point
- Hotel nights: about 1.0¢ per point
- Merchandise: about 0.5¢ per point
A realistic range, for a traveller who mostly books flights, sits between 1.5¢ and 2.2¢ per point. First class at 2.8¢ is possible, but it takes flexible dates and research. Our Aeroplan program page and our page on the value of points and miles in Canada explain these numbers.
Annual fee
Both cards cost $139 a year, and TD rebates that fee in the first year if you activate the card and make a first purchase within 3 months of account opening.
The difference is in additional cards. The First Class Travel card charges $50 for the first additional cardholder and, according to TD, $0 for the next ones. The TD Aeroplan card charges $75 per additional cardholder. Both cards charge a 2.5% foreign transaction fee and a 21.99% purchase interest rate.
Income requirement
Both cards ask for exactly the same income: $60,000 personal or $100,000 household. Both belong to TD's Visa Infinite lineup, with the same concierge service.
Insurance
On this point, the match is close to perfect: our card data shows the same coverage, with the same amounts, on both cards.
- Emergency medical: $2,000,000 for 21 days, or 4 days from age 65
- Trip cancellation: $1,500
- Trip interruption: $5,000
- Flight delay: $500
- Delayed or lost baggage: $1,000 each
- Travel accident: $500,000
- Rental car: up to $65,000, for 48 days
- Hotel burglary: $2,500
- Mobile devices: $1,000
- Purchase protection and extended warranty: 90 days and 1 year
Insurance does not separate these two cards. Still, read each card's certificate of insurance before you travel, since the exclusions matter as much as the amounts.
Annual perks
This is the second big split, after the currency itself.
The TD First Class Travel® Visa Infinite* Card offers:
- an annual $100 TD Travel Credit per calendar year, on an eligible booking made through Expedia For TD;
- 4 complimentary lounge visits per year through the Visa Airport Companion Program;
- a Birthday Bonus of up to 10,000 TD Rewards points.
Our guide explains how to use the $100 TD Travel Credit before it expires.
The TD® Aeroplan® Visa Infinite* Card offers instead:
- a free first checked bag for the cardholder and up to 8 companions on the same booking, when the trip starts on an Air Canada flight;
- a NEXUS rebate of up to $100 per eligible cardholder, once every 48 months;
- 1,000 Status Qualifying Credits toward Aeroplan Elite Status for every $20,000 in purchases, according to TD's terms;
- access to Aeroplan Family Sharing, which lets a household pool its points.
The $100 credit alone covers a good part of the First Class Travel card's annual fee, as long as you book through Expedia For TD at least once a year. The free bag, on the other hand, pays off more the more you fly Air Canada as a family.
Verdict by profile
No single answer fits everyone. Here are three distinct profiles.
The Air Canada traveller
You fly Air Canada by default, often with others. In that case, the TD® Aeroplan® Visa Infinite* Card is the clear pick. Your points are worth more, your bag flies free, your Air Canada purchases earn 1.5 points per dollar and your welcome offer is worth about $1,000 at our valuation.
The multi-airline traveller
You book the cheapest flight, whatever the carrier, often with a hotel or a car in the same transaction. In that case, the TD First Class Travel® Visa Infinite* Card serves you better. Expedia For TD gives you every airline listed on the platform, with no award availability to hunt for, and you earn 8 points per dollar on those same bookings.
The reader who wants zero learning curve
You want a clear value, with no award chart to study. The First Class Travel card wins again: 200 points equal $1, every time. With Aeroplan, you can do better, but only if you learn to search for availability and avoid low-value redemptions.
Conclusion
So which card wins this head to head? On paper, the TD® Aeroplan® Visa Infinite* Card has the higher ceiling: its welcome offer is worth more and its points return more on non-bonus spending. That ceiling depends, however, on your ability to get 1.5¢ to 2.2¢ out of each point.
The TD First Class Travel® Visa Infinite* Card fits two profiles out of three. It returns more on dining and transit, it includes 4 lounge visits and a $100 credit, and its value does not depend on any research. With identical insurance, fees and income requirements, the choice comes down to one question: do you mostly fly Air Canada?
To compare with other options, see the best TD credit cards, the best Aeroplan credit cards, or our head-to-heads TD First Class Travel vs National Bank World Elite and RBC Avion vs TD Aeroplan. Each card's terms are on TD's official pages: TD First Class Travel Visa Infinite Card and TD Aeroplan Visa Infinite Card.
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| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $0 | |||
| $0 |
Frequently asked questions: TD First Class Travel vs TD Aeroplan
Which card has the better welcome offer?
The TD First Class Travel® Visa Infinite* Card offers up to 160,000 TD Rewards points, worth about $800 on Expedia For TD. The TD Aeroplan card offers up to 50,000 Aeroplan points, worth about $1,000 at our 2.0¢ valuation. Both rebate the first-year annual fee. The Aeroplan offer, however, requires $12,000 in spending over 12 months to collect in full.
How much is a TD Rewards point worth compared with an Aeroplan point?
Milesopedia values TD Rewards points at 0.5¢ and Aeroplan points at 2.0¢. A TD Rewards point reaches that value on Expedia For TD, where 200 points equal $1. An Aeroplan point varies by redemption: about 1.5¢ in economy and 2.2¢ in business class. Our page on the value of points and miles explains the method.
Which card earns more on groceries?
They tie at our valuations. The First Class Travel card earns 6 TD Rewards points per dollar, or 3.0¢. The TD Aeroplan card earns 1.5 Aeroplan points per dollar, also 3.0¢ at 2.0¢ per point. If you mostly redeem for economy flights, the First Class Travel card pulls slightly ahead. Our page on the best credit cards for groceries lists other options.
Is the insurance different?
No. According to our card data, both cards offer the same coverage: $2,000,000 in emergency medical for 21 days (4 days from age 65), $1,500 for trip cancellation, $5,000 for trip interruption, $1,000 for delayed and lost baggage, and up to $65,000 for a rental car. Insurance should not drive your choice.
Which one includes airport lounge access?
Only the TD First Class Travel® Visa Infinite* Card includes 4 complimentary lounge visits per year through the Visa Airport Companion Program. The TD Aeroplan card has no lounge access. In exchange, it offers a free first checked bag for the cardholder and up to 8 companions on the same Air Canada booking.
Do I have to book through Expedia For TD to get value from TD Rewards points?
It is strongly recommended. On Expedia For TD, 200 points are worth $1, or 0.5¢ per point, and the First Class Travel card earns 8 points per dollar there. If you apply your points to a trip paid elsewhere, the value drops to 0.4¢. As a statement credit or gift cards, it falls to about 0.25¢.
Can I hold both TD cards at the same time?
Yes, and they complement each other: the TD Aeroplan card for gas and Air Canada purchases, the First Class Travel card for groceries, dining and Expedia For TD bookings. Check the welcome offer eligibility terms when you apply, though, since TD can change them without notice.
