In the ever-evolving world of travel rewards, Aeroplan remains a top contender for Canadians seeking to maximize their travel benefits. As we navigate through August 2023, a myriad of credit card options beckon with promises of lucrative rewards, sign-up bonuses, and travel perks. But which ones truly stand out?
This article dives deep into the current offerings, presenting a comprehensive comparison of the best Aeroplan credit cards available in Canada this month. Whether you’re a frequent flyer or an occasional traveler, stay tuned to discover the card that aligns best with your travel aspirations and spending habits.
What is the best Aeroplan credit card?
The best Aeroplan credit card is the TD Aeroplan Visa Infinite Card because it consistently offers superior value for frequent travelers in Canada. With an impressive earn rate on everyday purchases, comprehensive travel insurance coverage, and a suite of exclusive Aeroplan benefits, it stands out as a top contender in the market. Moreover, its partnership with TD, one of Canada’s leading banks, ensures cardholders receive excellent customer service and a seamless banking experience. Whether you’re looking to earn points for your next vacation or simply maximize rewards on daily expenses, the TD Aeroplan Visa Infinite Card is a prime choice for Canadians.
The TD Aeroplan Visa Infinite Card is a popular choice among Canadians for its rewarding point system. When you use this card for gas, grocery, and drugstore purchases, you earn 1.5x Aeroplan points, and for all other types of purchases, you earn 1x point. This card is especially beneficial for those who travel, as it comes with a comprehensive set of travel insurance benefits. If you’re flying with Air Canada, you can enjoy the perk of having your first bag checked for free. Additionally, this card grants you access to Visa Infinite benefits. This means you can avail yourself of concierge services and gain access to exclusive offers. For those who have amassed a significant number of points and are looking for flexibility, the ability to transfer these points to Aeroplan partner airlines is a noteworthy feature.
If you’re a higher spender, you might also consider the Infinite Privilege version of this card, which has a higher annual fee, but also much higher earn rates on your spend.
However, it’s important to weigh the benefits against the downsides. The card comes with an annual fee of $139. If you aren’t a frequent Aeroplan flyer, the value proposition of this card might diminish for you. Unlike some other cards, it doesn’t offer credits for annual airline or specific travel category expenses. Another consideration is that Visa cards aren’t as universally accepted as Mastercard, so there might be instances where you find your card isn’t accepted. Lastly, there’s a higher income threshold to be eligible for this card. You’d need a minimum personal income of $60,000 or a household income of $100,000 to qualify.
Best Aeroplan Visa
The best Aeroplan Visa is the CIBC Aeroplan Visa Infinite because it offers an unparalleled combination of rewards, perks, and customer service for Canadian cardholders. This card not only provides generous Aeroplan mile earnings on everyday purchases but also boasts additional benefits such as comprehensive travel insurance, priority airport services, and exclusive Air Canada benefits. For those who frequently fly or seek to maximize their Aeroplan miles, the CIBC Aeroplan Visa Infinite stands out as the top choice in Canada, ensuring cardholders get the most value out of every dollar spent.
The CIBC Aeroplan Visa Infinite Card is tailored for those who prioritize earning Aeroplan points on their expenditures. One of its notable features is the ability to earn 1.5 Aeroplan points for every dollar spent on eligible gas, groceries, and Air Canada purchases. For all other purchases, cardholders will receive 1 Aeroplan point for each dollar spent. This card is especially beneficial for frequent travelers; it offers comprehensive travel insurance that encompasses out-of-province emergency medical coverage. Additionally, while you remain a cardholder, your accumulated Aeroplan points will never expire. New cardholders can also relish an annual fee waiver for the primary cardholder during the first year. If you often travel via Air Canada, this card sweetens the deal by providing a free first checked bag. Furthermore, being a Visa Infinite card, it extends dining and hotel privileges to its users.
However, there are certain aspects of this card that potential users should consider. After the initial year, there’s an annual fee of $139. The interest rates are on the higher side, standing at 20.99% for purchases and an even steeper 22.99% for cash advances. This card may not be the best fit for individuals with less-than-stellar credit scores. Additionally, while the Aeroplan points offer great potential rewards, there might be occasional restrictions or limited availability when you attempt to redeem them for flights. Lastly, international travelers should be wary of the 2.5% foreign transaction fee.
Best Aeroplan AMEX
The best Aeroplan AMEX is the American Express Aeroplan because it offers unparalleled rewards and benefits tailored for Canadians who frequently travel or make international transactions. This card goes beyond just earning Aeroplan points; it provides cardholders with exclusive travel perks, comprehensive insurance coverage, and special access to events and experiences across Canada. The integration of Aeroplan’s expansive loyalty program with American Express’s renowned customer service makes this card a standout choice for Canadians seeking to maximize their travel rewards and benefits.
When it comes to reaping travel rewards, the American Express Aeroplan credit card has positioned itself as a strong contender in Canada. This card offers a compelling rewards structure that frequent travelers will find appealing. For every dollar you spend on Air Canada® purchases, you earn a noteworthy 2 Aeroplan points. If dining out or ordering food delivery is more your style, the card rewards you with 1.5 points per dollar spent. And for all other purchases, you’ll collect 1 point per dollar, ensuring that no matter where you shop, you’re continuously building up those Aeroplan points.
Spend more than the average Canadian each month? You might want to consider the AMEX Aeroplan Reserve, which has a higher annual fee, but gives you much better earn rates. If your monthly spend is high enough, you could be better with the Reserve version of this card.
Beyond the point system, there are several other advantages to consider. One of the standout features is the comprehensive travel insurance coverage, providing cardholders with peace of mind when they’re on the move. For those who appreciate a bit of luxury during their travels, the complimentary lounge access that comes with a Priority Pass membership is a welcome bonus. And if you’re thinking about getting a supplementary card for a family member or friend, this card offers secondary cardholder benefits with an affordable fee. Last but not least, being an American Express cardholder comes with its own set of extensive benefits and services that many find valuable.
However, it’s important to note some of the downsides to balance out the decision-making process. The $139 annual fee can be a deterrent for some, especially since there isn’t a promotion to reduce or waive the fee for the first year. Additionally, while American Express is a reputable card network, its acceptance rate can be lower at certain merchants compared to other card networks, which might limit where you can use the card. Transferring your rewards points can also be a bit restrictive, as there are limited options available. Moreover, cardholders should be diligent about paying off their balance every month since the card carries a high interest rate of 19.99% for purchases. Lastly, there’s a tier system in place that places some restrictions on how bonus points are earned.
Best Aeroplan Business Credit Card
The best Aeroplan Business Credit Card is the CIBC Aeroplan Visa Business Card because it seamlessly integrates the benefits of Aeroplan with the unique needs of Canadian business owners. Tailored specifically for the Canadian market, this card offers up to 1.5 points per dollar spent on certain business-related expenses, travel insurance coverages, and exclusive Aeroplan perks. Additionally, the CIBC Aeroplan Visa Business Card stands out with its competitive interest rates, dedicated business tools, and robust customer support, ensuring that Canadian entrepreneurs not only earn rewarding Aeroplan miles but also receive a comprehensive financial solution for their businesses.
The CIBC Aeroplan Visa Business Card is designed with the needs of businesses in mind, offering a rewarding points structure for cardholders. For select business purchases, users earn 1.5 Aeroplan points for every dollar spent, and for all other purchases, they earn 1 point per dollar. This card is especially enticing for new users as it comes with an attractive sign-up bonus. Moreover, it enhances the travel experience by providing travel and mobile device insurance coverage. If you’re an Air Canada aficionado, this card has added perks just for you: exclusive benefits such as preferred boarding and lounge access passes. Businesses can further boost their points accumulation by linking employee cards at no extra charge.
Already have a Visa and would prefer an American Express business card? Consider the AMEX Aeroplan Reserve card, which combines competitive perks, with a decent earn rate and flexible redemption options.
However, it’s worth noting that this card carries an annual fee of $180. It’s also crucial for cardholders to be members of the Aeroplan loyalty program to reap its benefits. While it offers numerous advantages for frequent flyers of Air Canada and its partner airlines, it might not be the optimal choice for those who don’t often fly with these carriers. Another limitation is the restricted number of transfer partners for Aeroplan points. Lastly, there’s always a risk with any loyalty program: if Air Canada decides to make changes to the Aeroplan program, it might lead to a potential devaluation of rewards.
Best No-Fee Aeroplan Credit Card
The best No-Fee Aeroplan Credit Card is the CIBC Aeroplan Visa because it offers Canadian cardholders an unparalleled mix of benefits without the burden of an annual fee. Designed for those who wish to earn Aeroplan points on their everyday purchases, this card stands out with its generous 10,000 points welcome bonus, up to 1 point per dollar spent earn rate, and seamless integration with the Aeroplan loyalty program.
The CIBC Aeroplan Visa is an attractive option for those looking to accumulate Aeroplan points. With this card, you can earn points on eligible purchases, making it easier to rack up rewards over time. If you’re a new cardholder, there’s also a welcome bonus points offer that can give you a head start on your points collection. One of the standout features is the comprehensive travel insurance benefits, ensuring you’re covered during your trips. When flying with Air Canada, you can enjoy discounts on in-flight services, adding to the overall experience. Additionally, certain variants of this card come with no foreign currency transaction fees, a valuable perk for international travelers. Plus, the card provides access to Aeroplan’s Family Sharing feature, allowing you to pool points with family members.
This CIBC card also has a student version, which is easy to qualify for. Or, if you spend a lot each month you might consider the CIBC Aeroplan Visa Infinite Privilege, which has higher earn rates and some nice perks!
However, there are a few considerations to keep in mind. Most of the card options come with an annual fee, which might not be ideal for everyone. The card’s benefits are more tailored to those who fly frequently with Air Canada, so if you’re not a regular with this airline, you might find the offerings limited. There’s also a high credit score requirement for some variants of the card, potentially excluding some applicants. While Aeroplan has partnerships with airlines, its network is smaller compared to other rewards programs. Lastly, the card offers a lower earn rate on everyday purchases, so you’ll accumulate points faster when spending on travel-related expenses.
How did we rank these Aeroplan cards?
We collected an enormous amount of data for every credit card in our system, with 100+ pieces of data for each card.
Using this data, and what we believe is an average breakdown of monthly spending habits, we’re able to predict the rewards that you would earn using each credit card. We then consider other reviews, our personal experience and the commission that we earn on referrals to decide how to rank them.
Factors in our data include:
- annual fees
- welcome bonuses
- interest rates
Our goal is to be as impartial as possible and as a business the referral fees we earn do play a small role in our rankings, or whether a card is included on the site at all.