TD Aeroplan or Scotiabank Passport : Choose your Visa Infinite card

Are you a Canadian consumer looking for the perfect travel credit card? With so many options on the market, it can be overwhelming to choose the right one. But don't worry, we're here to help! In this article, we'll compare two popular travel cards from TD Bank and Scotiabank – the Aeroplan Visa Infinite and Passport Visa Infinite – and also introduce you to Wise, an alternative option that could potentially save you money on foreign exchange fees.

In this guide:
Key features of the TD Aeroplan Visa And Scotiabank Passport Visa Infinite cards TD Aeroplan Visa Infinite Card¹ Scotiabank Passport Visa Infinite Card² What are the fees for the TD Aeroplan and Scotiabank Passport Visa Infinite cards? Tired of losing money to currency conversions and high fees? Try Wise

Key features of the TD Aeroplan Visa And Scotiabank Passport Visa Infinite cards

TD Aeroplan Visa Infinite Card¹

Frequent travellers who want to earn rewards on their travels will find the TD Aeroplan Visa Infinite card a great option. It is one of four TD Aeroplan Visa Credit Cards available to Canadian customers and is in between the two non-business cards in terms of fees and benefits.

• Earn up to 1,200 CAD in value with special offer

• Save on baggage fees during Air Canada flights

• You can redeem points for hotel reservations, car rentals and more

• Access to Visa Infinite benefits, like concierge, hotel collection, dining series, wine country program, entertainment access, and Troon golf

• Access to travel insurance, including

• Travel Medical

• Trip Cancellation/Trip Interruption

• Flight/Trip Delay

• Delayed and Lost Baggage

• Common Carrier Travel Accident

• Auto Rental Collision/Loss Damage

• Hotel/Motel Burglary Insurance

• Access to NEXUS and Emergency Travel Assistance Services

• Interest from 20.99-22.99%

Eligibility Criteria:

• 60,000 CAD annual personal or 100,000 CAD annual household income
• Canadian resident
• Age of majority in province/territory

Scotiabank Passport Visa Infinite Card²

Frequent travellers will find a range of benefits with the Scotiabank Passport Visa Infinite Card, a premium travel card. It is part of their Visa credit card collection and their only Visa card that focuses on travel rewards.

• Earn up to 1,300 CAD or more in value with special offer
• Complimentary lounge visits
• Concierge service
• Dining and Wine program
• Scotia SelectPay installment plans for eligible purchases of $100 or more
• Earn Scene+ points at grocery stores, co-ops, dining, entertainment venues, and daily transit options
• Redeem Scene+ points on groceries
• Interest-free grace period on purchases
• No foreign transaction fees
• Access to Scene+ Travel for bookings
• Car rental savings

Eligibility Criteria:

• CA$ 60,000 annual income, CA$ 100,000 annual household income, or CA$ 250,000 in assets

What are the fees for the TD Aeroplan and Scotiabank Passport Visa Infinite cards?

	TD Aeroplan Visa Infinite¹	Scotiabank Passport Visa Infinite²
Annual Fees	139 CAD	150 CAD
Interest On Purchases	20.99%	20.99%
Interest On Cash Advance	22.99%	22.99%
Additional Cards	75 CAD	50 CAD/year
Currency Conversion	Mid-Market Rate + 2.5%	Scotiabank exchange Rate

Tired of losing money to currency conversions and high fees? Try Wise

As you can see, TD Bank and Scotiabank are not light on fees. But what if we told you there's a smarter, more affordable way to spend money abroad? Meet Wise: the international alternative that offers real exchange rates and low fees for your foreign transactions. With over 10 million customers worldwide, Wise is revolutionizing how people transfer and spend money internationally.

Wise allows you to hold and convert your money into over 40 currencies, including

• Canadian dollars (CAD)
• Thai baht (THB)
• Philippine pesos (PHP)
• Indian rupees (INR)

and many more. This means you can avoid the hassle of constantly converting your money when travelling to different countries.

With Wise, you get a multi-currency debit card that lets you spend like a local in over 200 countries and territories. Say goodbye to paying high foreign transaction fees or being surprised by unfavourable exchange rates – with Wise, you'll always know exactly how much you're spending.

Wise offers the real mid-market exchange rate – the one you usually see on Google, with no markup or hidden fees. It is considered to be the most accurate and fair exchange rate.

By using the mid-market exchange rate, Wise helps you save money on foreign transactions compared to banks that often add a markup of up to 5% on top of the real exchange rate.

One of the best features of Wise is that it automatically uses any available funds in the local currency to make your payment. This means you don't have to worry about manually converting your money or paying additional fees for currency conversions.

Wise also offers minimal cross-currency fees, starting at just 0.35% when you convert or spend in a different currency. This is significantly lower than the 2.5-3% fees charged by traditional banks for foreign transactions.

With the Wise debit card, you can spend abroad like a local and enjoy the ease and convenience of contactless payments. Plus, there are no hidden fees or surprises – what you see is what you get with Wise.

Get your Wise account and card in a few clicks

Please see the Terms and Conditions for your region and visit our pricing page for the most up-to-date pricing and fee information on Wise products.

To sum it up

So which card is the winner? Well, it depends on your personal travel habits and preferences. Here’s a quick look at the highlights:

TD Aeroplan Visa Infinite

• Best for frequent Air Canada travellers
• Earn Aeroplan points on all purchases
• Discounts on baggage fees

Scotiabank Passport Visa Infinite

• Great for various travel expenses (not just flights)
• Earn Scotia Rewards points on all purchases
• No foreign transaction fees

Before making your final decision, consider Wise. With our international money transfer service and multi-currency account, you could save significantly on foreign exchange fees compared to banks. Plus, with no minimum balance requirements, you can use your money as you please.

It's important to do your research and compare different options before making a decision. If you have any questions or need assistance with foreign exchange transactions, feel free to check out the rest of our website for easy-to-read, informative articles. We're here to make international travel easier and more affordable for Canadians like you! Happy travels!

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Sources:

1. TD Canada Trust
2. Scotiabank Canada

Sources verified on 20 June 2024