TD Aeroplan Visa Infinite vs AMEX Cobalt

TD > Visa > American Express

Annual Fee$139$156
Annual Rewards$564$1,272
Intro Offer55,000 points30,000 points
Why it’s Good
  • Earn 1.5x Aeroplan points for gas, grocery, and drugstore purchases, and 1x point for all other purchases
  • Comprehensive travel insurance benefits
  • Complimentary first checked bag on Air Canada flights
  • Access to Visa Infinite benefits, such as concierge service and exclusive offers
  • Ability to transfer points to Aeroplan partner airlines
  • Generous rewards: Earn 5 points per dollar spent on dining, groceries, and eligible entertainment.
  • Points flexibility: Option to transfer points to various airline and hotel partners.
  • Travel insurance: Comprehensive coverage including out-of-province medical and trip delay/cancellation insurance.
  • Monthly fee: A manageable $12.99/month instead of an annual fee.
  • Welcome bonus: Earn up to 30,000 Membership Rewards points within the first year.

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we’re the most trusted source for credit card reviews.

Reward rates

To compare the TD Aeroplan Visa Infinite Card vs the American Express Cobalt, let’s look at the rates at which you earn rewards for different spending categories per dollar you spend:

Bills1 points1 point
Pharmacy1 points1 point
Gas1.50 points2 points
Groceries1.50 points5 points
Restaurants1 points5 points
Specific Stores1 points3 points
Travel1 points2 points
Other Spend1 points1 point

Comparing annual rewards

We estimate that spending $2,000 per month with the TD Aeroplan Visa Infinite Card would earn $564 in rewards over the year and with the American Express Cobalt you would earn $1,272 in rewards.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

Our study investigating the value of the rewards found that the value of the rewards is worth up to $0.02 per point for TD Aeroplan Visa Infinite Card and up to $0.02 per point for American Express Cobalt, depending on how you redeem.

With these values, we can compare the TD Aeroplan Visa Infinite Card vs American Express Cobalt based on the amount earned by spend category:

Gas$72$96
Groceries$180$600
Restaurants$0$240
Specific Stores$0$72
Travel$0$48
Other Spend$312$216

The TD Aeroplan Visa Infinite Card earns $564 in rewards over the year compared to the American Express Cobalt which earns $1,272 in rewards.

With the American Express Cobalt you earn $708 more rewards each year than you would with the TD Aeroplan Visa Infinite Card.

For comparison, the average credit card in our database earns $337 in rewards for the same spend that the American Express Cobalt earns $1272 in rewards value.

If rewards are the most important factor for you, then the American Express Cobalt is likely to be the better choice for you.

The more that you spend on your credit card each month, the larger the difference in the rewards value earned between these two cards. So, for higher spenders the American Express Cobalt has an advantage.

We can also compare these cards by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that’s a 10% earn rate on gas.

Bills2.00%2.00%
Pharmacy2.00%2.00%
Gas3.00%4.00%
Groceries3.00%10.00%
Restaurants2.00%10.00%
Specific Stores2.00%6.00%
Travel2.00%4.00%
Other Spend2.00%2.00%

The TD Aeroplan Visa Infinite Card earns 2.00% for every dollar spent on bills, compared to the American Express Cobalt which earns 2.00%.

For spend at your pharmacy the American Express Cobalt earns 2.00% while the TD Aeroplan Visa Infinite Card earns 2.00%.

On gas, you’ll earn 3.00% with the TD Aeroplan Visa Infinite Card and 4.00% with the American Express Cobalt.

For an annual spend of $24,000, we estimated annual rewards value at up to $564 for the TD Aeroplan Visa Infinite Card and $1,272 for the American Express Cobalt.

Fees: American Express Cobalt vs TD Aeroplan Visa Infinite Card

Annual Fee$139$156
Net Rewards$425$1,116

The TD Aeroplan Visa Infinite Card has a $139 annual fee, whereas the American Express Cobalt has a $156 annual fee.

For comparison, the average card charges $85.

After deducting the annual fees, we predicted net annual rewards of $425 for the TD Aeroplan Visa Infinite Card and net annual rewards of $1,116 for the American Express Cobalt.

Perks

We manually reviewed the perks of the TD Aeroplan Visa Infinite Card vs the American Express Cobalt to determine how they compare.

The TD Aeroplan Visa Infinite Card scored a 3.0 out of 5 for perks, in comparison the American Express Cobalt scored a 2.1 out of 5 for perks.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Purchase20.99%20.99%
Cash Advance22.99%21.99%
Balance Transfer22.99%N/A%

The average credit card has a purchase interest rate of 18.29%, whereas the TD Aeroplan Visa Infinite Card charges 20.99% and the American Express Cobalt charges 20.99%.

Comparing these purchase interest rates, we can see that there is no difference in the purchase interest rates between the two cards. Therefore, the interest rates on purchases you make shouldn’t be a deciding factor for you when picking between these cards..

For cash advances it costs 22.99% and 21.99%, respectively.

Insurance coverage

Extended Warranty1 year1 year
Purchase Protection90 days90 days
Travel Accident$500,000$250,000
Emergency Medical Term21 days15 days
Emergency Medical over 654 days
Trip Cancellation$1,500
Trip Interruption$5,000
Flight Delay$500$500
Baggage Delay$1,000$500
Lost or Stolen Baggage$1,000$500
Rental Car Theft & DamageYesYes
Hotel Burglary$2,500$500
Mobile Phone Insurance$1,000$1,000

We scored the TD Aeroplan Visa Infinite Card a 4.3 out of 5 for insurance, compared to the American Express Cobalt which scored a 4.5 out of 5.

The TD Aeroplan Visa Infinite Card offers 13 types of insurance, whereas the American Express Cobalt has 10.

Approval and qualifying

Estimated Credit Score760 – 900660 – 724
Personal Income$60,000$0
Household Income$100,000$0

We scored the TD Aeroplan Visa Infinite Card a 2.5 out of 5 for approval and the American Express Cobalt a 3.0.

We predict that you will require a credit score of at least 760 to qualify for the TD Aeroplan Visa Infinite Card, while the American Express Cobalt requires 660 to qualify.

Annual Fee$139$156
Extra Card Fee$139$156
Card typeVisaAMEX

Interested in other credit cards? If the American Express Cobalt credit card isn’t perfect for you, you might want to consider the American Express Aeroplan Reserve Card. Plus, many Canadian’s that like the American Express Cobalt like the American Express Green Card, and the American Express Platinum Card.

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