This is the card I'd point a frequent Air Canada flyer toward when the cheaper Aeroplan cards stop covering how they travel. At $599 a year, the case is not the earn rate. It is Maple Leaf Lounge access, free first bags and priority handling for you and up to 8 companions, and a companion pass once you spend $25,000 on the card.
What I notice most on paper is the insurance. TD's certificate covers travel medical up to $5 million for 31 days, trip cancellation, flight and baggage delay at 4 hours, primary rental car coverage for 48 days and mobile devices up to $1,500, which is about as complete as a Canadian card gets. CIBC sells a card with much the same Air Canada benefits at the same fee, so the deciding points between the two are the welcome ladder and the smaller details.
Welcome offer
TD is advertising up to 100,000 Aeroplan points, verified on the TD product page on October 13, 2026. The first 20,000 points arrive after your first purchase, another 30,000 after $12,000 in net purchases within 180 days of opening the account, and a one-time 50,000-point anniversary bonus after $24,000 in net purchases within the first 365 days, once the account has been open for 12 months.
TD wraps the points into a larger "up to $3,300 in value" headline, which adds its own estimates for lounge visits, checked bags and the NEXUS credit; the points alone are what the offer pays out. The offer has been in effect since September 1, 2026 with no published end date, so confirm the current terms on TD's page before applying. It is not available if you opened any TD Aeroplan Visa account in the last 12 months.
Plan around the $24,000 anniversary tier before applying, because half the offer sits behind it. That is about $2,000 a month for a year, and the $12,000 target in the first 180 days runs at the same pace. If your spending is closer to half that, read the offer as 20,000 points plus whatever the card earns, against a $599 fee.
Fees & eligibility
The card costs $599 a year with no first-year waiver, and each additional card is $199. TD offers a partial annual fee rebate every year if you hold a TD All-Inclusive Banking Plan, which takes some of the sting out for existing TD clients. For comparison, CIBC charges $149 per additional card on its version of this card, so a household adding two or three authorized users pays noticeably more at TD.
Eligibility is the Visa Infinite Privilege bar: $150,000 in personal income or $200,000 in household income. Purchases carry a 21.99% interest rate and cash advances 22.99%. TD does not publish a foreign transaction fee waiver for this card, and as with any premium rewards card, the math only works if you pay the balance in full every month.
Earning rewards
The best rate goes to the airline: 2 Aeroplan points per dollar on purchases made directly with Air Canada, including Air Canada Vacations, and 2 points per dollar at participating Hyatt hotels and resorts (a promotion that runs to July 15, 2029, with 2 World of Hyatt Bonus Points per dollar on top once the accounts are linked).
A wide everyday band earns 1.5 points per dollar: gas, EV charging, groceries, travel and transit, and dining. Everything else earns 1.25 points per dollar. That is a step up from the TD Aeroplan Visa Infinite, which earns 1.5x on gas, groceries and Air Canada and 1x on everything else, but it is still a modest return for a $599 card, so the earning should be treated as a bonus rather than the reason to apply.
Redeeming rewards
Points go into your Aeroplan account, and Aeroplan is a real airline program rather than a fixed-value bank currency. Every Air Canada seat that is for sale can be booked with points, with no blackout periods, and points also cover hotels, car rentals, merchandise and gift cards, though flights are where they stretch furthest.
TD's own offer footnote values Aeroplan points at 2 cents per point (cpp) for flight redemptions, based on what most of its cardholders get. Treat 2 cpp as a reasonable target for flights rather than a guarantee, because dynamic pricing means the same route can cost more points in busy periods. Aeroplan Family Sharing lets up to 8 members pool points, which helps a household reach a big redemption sooner.
Perks & benefits
The headline perk is Maple Leaf Lounge access: primary and additional cardholders can each use Maple Leaf Lounges and Air Canada Cafés in Canada and the U.S. with a same-day Air Canada or Star Alliance departure, and each can bring one guest free through December 31, 2026. On top of that, every cardholder gets 6 complimentary visits a year at 1,200+ lounges worldwide through the Visa Airport Companion Program, with extra visits at $32 USD.
On every Air Canada trip, you and up to 8 companions on the same reservation get a free first checked bag, priority check-in, Zone 2 boarding, priority baggage handling and priority on standby and upgrade lists. Spend $25,000 in the year before your renewal and the primary cardholder receives an Annual Worldwide Companion Pass, with a companion base fare of $99 within Canada and the continental U.S. up to $599 for Asia and Australia, plus taxes and fees. The card also earns 1,000 Status Qualifying Credits per $5,000 spent (up to 25,000 a year), and adds a NEXUS credit of up to $100 per cardholder every 48 months, Avis President's Club and Hertz President's Circle upgrades, and World of Hyatt Discoverist status. What it does not include is a foreign transaction fee waiver.
Insurance
This is one of the most complete insurance packages on a Canadian card, and the travel medical coverage does not require the trip to be charged to the card. Travel medical pays up to $5 million for the first 31 days of a trip (the first 4 days if you are 65 or older), and covers your spouse, dependent children and additional cardholders.
Trip cancellation, trip interruption, flight delay and baggage coverage apply when at least 75% of the trip is paid with the card and/or Aeroplan points, so award bookings count. Rental cars get primary collision and loss damage coverage for up to 48 days on vehicles up to $85,000 MSRP when the full rental is on the card. Pre-existing conditions must be stable for 90 days before the trip (180 days at 65 and older).
My take
I'd get this card if you fly Air Canada several times a year, often with family, and can put $24,000 on it in year one; I'd skip it if lounge access and free bags are not things you would use.
The $599 fee buys an airport experience, and that is where I'd judge it. Lounge access for every cardholder, free bags for a party of up to nine, and a companion pass at $25,000 add up quickly for a household that flies Air Canada a few times a year. The insurance is a quiet second reason: $5 million in medical for 31 days and primary rental coverage mean you can skip buying separate policies for most trips.
What holds it back for me is the welcome ladder. TD's 30,000-point middle tier needs $12,000 in 180 days, while CIBC's version of this card pays 50,000 points for $5,000 in four months, with the same $599 fee and the same Air Canada perks. If you can comfortably clear $24,000 in the first year, TD's 100,000 points and its insurance make it a strong pick; if not, I'd compare the two offers before applying.
The good
- Maple Leaf Lounge access plus 6 Visa Airport Companion visits per cardholder
- Free first bag and priority service for up to 8 companions
- Top-tier insurance: $5 million medical for 31 days, primary rental CDW
The catch
- $599 with no first-year waiver, and $199 per additional card
- Half the welcome bonus needs $24,000 in the first year
- No foreign transaction fee waiver