Nope, at least not for me. I came across some reports. Tried to get it waived or reduced, but no dice despite my extensive banking relationship with TD (pretty much all of my banking products). Kind of stupid, they'll waive the $120 on the Infinite if you have the all-inclusive chequing account, but won't reduce the $399 AF by at least $120 if you upgrade the card.

Oh well, it's 0.8c per point, which is fine by me. At the usual 25k sign-up bonus there is no appeal to this card.