The TD® Aeroplan® Visa Infinite Card is a powerhouse for travel enthusiasts and everyday spenders alike. With its multitude of benefits, this card can enhance your travel experience while offering impressive rewards for your regular purchases.
Here, we delve into the details of what makes this card a top choice, the application requirements, necessary documents, and how best to use it.
What are the requirements to apply?
Applying for the TD® Aeroplan® Visa Infinite* Card is straightforward, but there are specific eligibility criteria you need to meet. Here's a breakdown:
- Age: You must be at least the age of majority in your province or territory of residence.
- Residence: Applicants need to be Canadian residents.
- Employment: While there is no strict requirement for employment, having a stable income source is crucial as it demonstrates your ability to manage credit.
- Minimum Income: You need to have a personal annual income of at least $60,000 or a household income of $100,000. This requirement ensures that applicants can manage the financial responsibility that comes with a credit card.
- Credit Score: A good credit score is recommended. While TD doesn't specify an exact number, a score of 700 or higher is generally considered good.
Meeting these requirements can significantly enhance your chances of approval, ensuring you can take full advantage of this card's benefits.
What documents are needed?
When you're ready to apply for the TD® Aeroplan® Visa Infinite* Card, having the right documents at hand will streamline the process. Here's what you'll need:
- Proof of Identity: A government-issued photo ID, such as a driver's licence or passport, is essential to verify your identity.
- Proof of Address: Documents like utility bills, bank statements, or rental agreements can serve as proof of your current address.
- Income Verification: Recent pay stubs, tax returns, or a letter of employment can provide proof of your income. If you are self-employed, business financial statements or a Notice of Assessment from the CRA may be required.
- Social Insurance Number (SIN): While not always mandatory, providing your SIN can help expedite the credit check process.
Having these documents prepared in advance can help ensure a smooth and quick application process.
What are the main uses of this credit card?
The TD® Aeroplan® Visa Infinite* Card is versatile, offering numerous benefits that cater to various spending needs. Here are the main uses of this credit card:
Travel Rewards
This card is designed with travel in mind. You earn Aeroplan points on every purchase, which can be redeemed for flights, hotel stays, and car rentals. Additionally, cardholders enjoy benefits such as travel insurance, priority boarding, and access to Maple Leaf Lounges.
Everyday Purchases
Beyond travel, the card offers rewards for everyday purchases. You earn points for grocery shopping, dining, and gas, making it a great choice for your daily spending. This means you can accumulate points quickly even when you're not travelling.
Special Perks
Cardholders enjoy special perks, including access to exclusive events, promotions, and discounts with select partners. These perks enhance your lifestyle and offer value beyond standard credit card rewards.
Financial Flexibility
The card provides financial flexibility with features like emergency cash advances, the ability to pay bills, and convenient payment options. It also comes with fraud protection and 24/7 customer service, ensuring you have support when you need it.
Our advice for applicants
Applying for the TD® Aeroplan® Visa Infinite* Card can be a wise decision, but here are some tips to make the process smoother and increase your chances of approval:
- Check Your Credit Score: Before applying, check your credit score. A good score not only boosts your chances of approval but can also help you secure better interest rates and terms.
- Organize Your Documents: Gather all necessary documents beforehand. This includes your proof of identity, address, and income verification. Having these ready can expedite the application process.
- Understand the Fees: Familiarize yourself with the card's annual fee and any other charges that may apply. While the benefits often outweigh the costs, it's important to understand what you're committing to.
- Plan Your Spending: To maximize your rewards, plan how you'll use the card. Focus on spending categories that earn the most points and ensure you pay off your balance in full each month to avoid interest charges.
- Take Advantage of Promotions: Keep an eye out for promotional offers, such as welcome bonuses or special earning rates. These can significantly boost your rewards, especially in the initial months of card ownership.
Weigh the pros and cons. Is it worth it?
The TD® Aeroplan® Visa Infinite* Card comes with a host of benefits, but like any financial product, it has its pros and cons. Here’s a balanced view to help you decide if it’s worth it for you:
Pros:
- Generous Rewards Program: Earn Aeroplan points on all purchases, with accelerated rates on travel-related expenses.
- Travel Perks: Enjoy travel insurance, priority boarding, and Maple Leaf Lounge access.
- Everyday Value: Earn points on groceries, dining, and gas, making it useful for daily expenses.
- Special Offers: Access exclusive events and promotions.
- Comprehensive Insurance: Benefit from extensive travel and purchase protection insurance.
Cons:
- Annual Fee: The card comes with a significant annual fee, which may be a deterrent for some.
- Income Requirement: The minimum income requirement might be restrictive for potential applicants.
- Interest Rates: As with most credit cards, carrying a balance can lead to high interest charges.
Is it worth it? Absolutely, for those who travel frequently or spend significantly on groceries, dining, and gas. The rewards and perks can easily outweigh the annual fee if you maximize the card’s benefits. However, if you seldom travel or prefer a card with no annual fee, you might want to consider other options.
Apply once and for all for TD® Aeroplan® Visa Infinite* Card on the official website!
Ready to elevate your travel and everyday spending experience? Apply for the TD® Aeroplan® Visa Infinite* Card today and start enjoying a world of rewards and benefits. Click the button below to apply on the official website and take the first step towards a more rewarding future!