Aeroplan — Air Canada's loyalty program — is the most popular travel rewards program in Canada. With multiple co-branded credit cards from TD, CIBC, and American Express, plus the ability to earn through partner spending and transfers, Aeroplan points can unlock substantial travel value. This review compares the best Aeroplan credit cards available to Canadians in 2026.
Annual fee: $139 (first year free) | Welcome bonus: Up to 20,000 Aeroplan points
The TD Aeroplan Visa Infinite is the go-to everyday Aeroplan earner. You earn 1.5 Aeroplan points per dollar on everyday purchases, 3 points per dollar on Air Canada purchases, and accelerated points at Aeroplan partner grocery and gas merchants. Travel perks include a free first checked bag on Air Canada flights (for you and up to 8 travel companions), priority boarding, and comprehensive travel insurance. For regular Air Canada travellers, this card's perks can easily offset the annual fee on a single trip.
Annual fee: $599 | Welcome bonus: Up to 40,000 Aeroplan points
The premium tier. Earns 2 Aeroplan points per dollar on all purchases, plus accelerated rates on Air Canada and at partner merchants. Perks include complimentary Air Canada Maple Leaf Lounge passes, a partner lounge membership, elite status qualifying miles boost, and priority Air Canada check-in. Worth the higher fee for frequent Air Canada business travellers.
Annual fee: $139 (first year free) | Welcome bonus: Up to 20,000 Aeroplan points
Nearly identical to the TD version in terms of earn rates and perks — 1.5 points per dollar everywhere, 3 points on Air Canada, free checked bag, priority boarding, and travel insurance. Choose based on your primary banking relationship. Both cards are solid Aeroplan earners; the difference typically comes down to which bank you prefer and any fee waivers they offer.
Annual fee: $155.88/year | Key feature: Transfer Amex MR to Aeroplan at 1:1 ratio
Though not an Aeroplan co-branded card, the Amex Cobalt is arguably the best Aeroplan earning card in Canada for food-heavy households. Earning 5x MR points on restaurants and food delivery, then transferring to Aeroplan at 1:1, effectively earns 5 Aeroplan points per dollar at restaurants. That's the highest Aeroplan earn rate available at that spending category.
| Card | Earn Rate (base) | Annual Fee | Checked Bag |
|---|---|---|---|
| TD Aeroplan Visa Infinite | 1.5 pts/$ | $139 | Yes (first bag free) |
| TD Aeroplan Visa Infinite Privilege | 2 pts/$ | $599 | Yes + lounge access |
| CIBC Aeroplan Visa Infinite | 1.5 pts/$ | $139 | Yes (first bag free) |
| Amex Cobalt (via transfer) | 5 pts/$ (food) | $155.88 | No |
Aeroplan points are variable-rate. Economy redemptions to common Canadian and US destinations typically yield about 1.5 to 2 cents per point. Business class international redemptions can yield 3 to 6 cents per point or more, making them significantly more valuable when redeemed wisely. The standard cash value reference is roughly 1 cent per point for simple travel bookings.
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