The Ultimate Air Canada Credit Card Portfolio


Last Updated on January 16, 2023




No FX Fee

 

In this feature of Rewards Canada' Ultimate Credit Card Portfolios we look at the ultimate one for travelling on Air Canada. This one differs somewhat from our Ultimate Aeroplan Portfolio as it is not as focused on simply earning and redeeming Aeroplan Points but rather the maximizing of the benefits you get for travelling on Air Canada while still taking into account the Aeroplan earn and burn aspect.

We have always recommended that you should carry a Visa, a Mastercard and an American Express card in your wallet. The reason why is that there are benefits, promotions and earning potential unique to each brand of credit card. Here we outline one card from each brand that will help you make you travel on Air Canada better, easier and more enjoyable all the while earning Aeroplan Points or other points with your purchases. Ultimately there are various options that could be utilized for an Air Canada portfolio but we look at one card from each issuing family that will benefit you when you travel on Air Canada. If you are only out for earning Aeroplan Points you should check out our Ultimate Aeroplan Portfolio.

What is Rewards Canada's Ultimate Air Canada Credit Card portfolio? It's the following three cards:

 

Visa: TD® Aeroplan® Visa Infinite Privilege* Card

American Express: American Express Cobalt® Card

Mastercard: HSBC World Elite® Mastercard®


The TD® Aeroplan® Visa Infinite Privilege* Card is the obvious choice since it provides many Air Canada benefits while the Cobalt Card is the best card in Canada for earning lots of Aeroplan points and the HSBC World Elite makes the most sense as a Mastercard for the portfolio. There are no Mastercards that actually provide Air Canada benefits and we'll explain this choice in this article. You could also go for the CIBC version of the Aeroplan Visa Infinite Privilege Card but seeing that TD is the primary issuer for Aeroplan we use that card in this portfolio.

Five Key Benefits of this portfolio

  • Priority services when flying with Air Canada including Priority Check-In, Priority Boarding and Priority Baggage Handling
  • Maple Leaf Lounge access and global lounge access membership with annual passes
  • Annual Worldwide Companion Pass
  • Really good Aeroplan points earn rates
  • Strong insurance coverage

Why you want to get each of these cards

The Benefits
TD Aeroplan Visa Infinite Privilege Card

The first card in the portfolio is the TD® Aeroplan® Visa Infinite Privilege* Card. This card would be set as the main card in this portfolio for your travels with Air Canada. The main reason is that the card provides a wealth of elite like benefits when you fly on Air Canada.

Having this card in your wallet is almost like having elite status with Air Canada. It provides Priority Check-In, Priority Boarding (Zone 2) and Priority Baggage Handling. Speaking of baggage handling, the card provides your first checked bag free for you and up to eight people on the same Air Canada reservation.

Then you have lounge access, with this card you and a guest can enter Air Canada Maple Leaf Lounges in North America when flying a same-day ticket on a flight marketed or operated by Air Canada, Air Canada Rouge, Air Canada Express, or any Star Alliance member airline. On top of this the card also provides membership in the Visa Airport Companion by DragonPass which is a global lounge access program. The Visa Airport Companion program allows the member to access lounges all around the world at a discounted rate but the good news is the card provides six free access passes annually so you won't pay any fees until you use those up.

Recommended reading: Rewards Canada's Guide to Business Class Lounge Access

The benefits with this card don't end there. As with all Aeroplan co-brand cards, by having the TD® Aeroplan® Visa Infinite Privilege* Card you'll receive preferred pricing when redeeming Aeroplan points for Air Canada flights. That is, you'll receive a discount on the number points required when you make an award flight redemption for travel on Air Canada. You also get a NEXUS, rollover status qualifying miles, rollover status eUpgrade credits and more. You can also receive an annual worldwide companion pass when you spend at least $25,000 on the card each year.

Recommended reading: TD® Aeroplan® Visa Infinite Privilege* Card Review

The Points Earning

American Express Cobalt CardThe second card in the portfolio is the American Express Cobalt® Card which just happens to be th best overall credit card in Canada and in most case, the best card for earning the most Aeroplan points possible. It is the points earning as to why the card is in the portfolio over the American Express® Aeroplan®* Reserve Card. The Reserve card is an amazing card however it and the TD Visa Infinite Privilege provide almost the exact same benefits so by having the TD Infinite Privilege you'd be better off having the Cobalt Card to boost your Aeroplan earning.

Recommended reading: Which credit card earns the most Aeroplan Points?

The American Express Cobalt Card earns 5 points per dollar spent on eats and drinks. That's dining, dining delivery, groceries, bars, coffee shops and more. Next it offers 3 points per dollar on select streaming services and 2x points on travel, gas, transit, taxis and ride sharing. All those earn rates are the top earn rates for Aeroplan points. Now, the card doesn't earn Aeroplan points directly, it earns Membership Rewards points which can be transferred on a 1:1 basis to Aeroplan. Those transfers are almost always instant when you initiate them so the Cobalt Card is pretty much like having an Aeroplan card.

Recommended reading: American Express Cobalt™ Card Review

No Foreign Transaction Fees & the Costco Connection

HSBC World Elite MastercardAfter the discontinuation of the MBNA Best Western Mastercard the Canadian market was left without a Mastercard that is connected to Air Canada or Aeroplan. So we have to look at Mastercard that would suit the portfolio well and seeing as this portfolio is definitely a consideration for international travellers the right card to round it out is the HSBC World Elite® Mastercard®.

The primary reason this card is in the portfolio is for its No Foreign Transaction fees. This means they don't charge you the 2.5% fee when making purchases not in Canadian Dollars like the other two cards in the portfolio and most other cards in Canada. If you do travel outside of Canada a fair amount and/or shop online from the U.S. or other countries this card can provide some substantial savings for you. On top of not charging the FX fee you'll still earn points, HSBC Rewards points that is, on all purchases made with this card. Those points can be redeemed for any travel at anytime like car rentals, trains, hotels, and flights (including Air Canada) or you can convert them to programs like British Airways Executive Club and Singapore Airlines KrisFlyer.

If you shop at Costco this card also fulfills the payment role for the warehouse giant. Costco locations in Canada only accept Mastercard so you can utilize the HSBC Mastercard for your purchases here.

Related: HSBC World Elite Mastercard review

Spending with this portfolio

Here's how you should split up your spending with this credit card portfolio:

  • Air Canada purchases: TD® Aeroplan Visa Infinite Privilege Card (2 points per dollar)
  • All other non-Air Canada travel purchases: American Express Cobalt Card (2 points per dollar)
  • Dining, Drinks, Grocery, Food Delivery: American Express Cobalt Card (5 points per dollar)
  • Gas, Transit, Ride Sharing: American Express Cobalt Card (2 points per dollar)
  • Streaming Services: American Express Cobalt Card (3 points per dollar)
  • Costco Purchases: HSBC World Elite Mastercard (2 points per dollar*)
  • All other purchases in Canada: TD Aeroplan Visa Infinite Privilege Card ( 1.25 points per dollar)
  • Dining, Drinks, Grocery, Food Delivery outside of Canada: American Express Cobalt Card (5 points per dollar)
  • All other purchases outside of Canada: HSBC World Elite Mastercard (Save the 2.5% foreign transaction fees + earn 2 points per dollar*)
    * We are posting the HSBC earn rates that come into effect in February 2023

Of note the American Express Cobalt Card has $30,000 annual cap on the 5x points eats and drinks category. Should you reach that cap start using the TD card for those purchases as you'll earn 1.5 Aeroplan points on most of those purchases.

 

Here are the details on these three cards



TD® Aeroplan® Visa Infinite Privilege* Card


Special Offer
Earn up to 115,000 Aeroplan points†. Conditions Apply. Must apply online by May 28, 2023.

Annual Fee $599
Additional Cards: $199 †
Annual interest rate 20.99% on purchases and 22.99% on funds advances
$150,000 annual personal income or $200,000 annual household income

Limited Time Offer

Earn up to $3,100 in value† including up to 115,000 Aeroplan points and additional travel benefits. Must apply by May 28, 2023.

  • Earn a welcome bonus of 20,000 Aeroplan points when you make your first purchase with your new card†
  • Earn an additional 60,000 Aeroplan points when you spend $7,500 within 180 days of Account opening†
  • Plus, earn an anniversary bonus of 35,000 Aeroplan points when you spend $12,000 within 12 months of Account opening†
  • Enroll for NEXUS and once every 48 months get an application fee rebate†
  • Share first free checked bags with up to 8 travel companions†and get unlimited access to Maple Leaf Lounges† including complementary access for one guest.

  • Earn Aeroplan Points on your everyday purchases
  • Take advantage of an extensive suite of travel insurance.
  • Get access to Priority Airport Services† like Priority Boarding, Priority Baggage Handling, and Priority Airport Standby & Priority Airport Upgrades†.
  • Earn 2 points† for every $1 spent on eligible purchases made direct through Air Canada® purchases (including Air Canada Vacations®)
  • Earn 1.5 points† for every $1 spent on eligible gas, grocery, travel and dining purchases
  • Earn 1.25 points† for every $1 spent on all other purchases made with your Card
  • Earn points twice when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 170+ online retailers via the Aeroplan eStore (www.aeroplan.com/estore)

  • Get an annual round-trip companion pass from $99 (plus taxes, fees, charges and surcharges)†.
  • Global Airport Lounge Access†: Receive a complimentary membership to the Visa Airport Companion† Program hosted by Dragonpass International Ltd. and take advantage of six lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide. Enroll through the Visa Airport Companion App or through visaairportcompanion.ca
  • Complimentary Visa Infinite Concierge† : On-call 24 hours a day, seven days a week, the Visa Infinite Concierge can help with any Cardholder request — big or small, to help you get the most out of life whenever you travel, shop and use your Card.
  • Visa Infinite Luxury Hotel Collection†: Receive seven exclusive benefits when you book your stay through the Visa Infinite Luxury Hotel Collection featuring over 900 of the world’s most intriguing properties. Enjoy an additional 8th benefit at over 200 properties, exclusively for Visa Infinite Privilege cardholders.

Apply Now

This offer is not available for residents of Quebec. For Quebec residents, please click here .

† Terms and Conditions apply.

Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button




American Express Cobalt Card Top Overall Travel Rewards Credit Card Top Hybrid Travel Credit

American Express Cobalt® Card

2023 Overall Top Travel Rewards Card
2023 Top Hybrid Travel Rewards Card

This is the best overall credit card in Canada!

Monthly Fee $12.99/month of Cardmembership ($155.88 annually) Additional Cards: $0
Annual interest rate 20.99% on purchases and 21.99% on funds advances

• In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. This could add up to 30,000 points in a year. That’s up to $300 towards a weekend getaway or concert tickets

• Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery
• Earn 3x the points on eligible streaming subscriptions in Canada
• Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That's 2X the points on purchases that get you from point A to B 
• Earn 1 point for every $1 in Card purchases everywhere else. We won't tell you where to spend, we'll just reward you on your Card purchases

• Transfer points 1:1 to several frequent flyer and other loyalty programs
• Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events
• Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

Apply Now




HSBC World Elite® Mastercard®

Top No Foreign Transaction Fee Credit Card for 2023

Earn up to 80,000 Points* PLUS a full annual fee rebate for the Primary Cardholder for the first year*

Primary Cardholder Annual Fee: $149 (1st year annual fee rebate*)
Authorized User Annual Fee: $0 Per Card
Annual interest rate: 20.99% on purchases and 22.99% on cash advances and balance transfers.
$80,000 personal or $150,000 household annual income

Special offer: Earn up to 80,000 points* ($400 travel value) PLUS a full annual fee rebate for the primary cardholder for the first year* ($149 value) and receive a $100 annual travel enhancement credit*. Must apply by February 28, 2023. Conditions apply.

• Welcome bonus of 20,000 points* ($100 travel value)
• Earn 40,000 points* when you spend $6,000 within 6 months of account opening ($200 travel value)
• Earn 20,000 points* as an anniversary bonus ($100 travel value)
• First year annual fee rebate for the primary cardholder* ($149)
• Receive a $100 annual travel enhancement credit*

• With the HSBC World Elite Mastercard you earn 6 points for $1 in Net Purchases which are Travel Purchases, 4 Points for $1 in Net Purchases that are Gas, Grocery and Drugstore Purchases and 2 Points for $1 in Net Purchases, other than Travel, Gas, Grocery and Drugstore Purchases.
• Save on all your foreign currency purchases (even online) with no additional foreign currency conversion charges.
• Enjoy maximum flexibility and redeem your Points on your terms for:

• Travel
• Gift cards and valuable merchandise
• Financial rewards
• Rewards for miles

Apply Now

*Terms and Conditions apply
®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to licence

This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer)








There you have it! The Ultimate Air Canada Credit Card portfolio. With these three cards you will receive amazing benefits when you travel with Air Canada all the while ensuring you still earning a lot of Aeroplan points on your everyday spending.

Other card options you could consider:

You could consider the American Express® Aeroplan®* Reserve Card for the Amex option as it earns the most points on Air Canada purchases at 3 points per dollar. However, there is lots of overlap between it the TD® Aeroplan® Visa Infinite Privilege* Card and may not be worth having two cards with $599 annual fees. The Cobalt's 5x points would, for most people easily make up that difference of only earning 2 points per dollar on Air Canada flights instead of 3.

On the Visa site you could consider the CIBC Aeroplan Visa Infinite Privilege Card, it is pretty much a carbon copy of the TD card so if your preference may be to bank with CIBC and keep a credit card with them you could go this route. You could also go with the lower Visa Infinite Cards however you'd lose a lot of the Air Canada benefits which really are the premise of this portfolio.

For the Mastercard, really any card would do to fill the spot if you don't want the HSBC card. You would really only be getting it to fulfill a need for purchases at Costco. If that is the case a card like the no fee Rogers World Elite Mastercard would be a perfect fit.

This article was first posted on November 9, 2016 and is continually updated

 

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