Overview of the TD Rewards Visa* Card

TD Rewards Visa* Card

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Earn rewards

3 points/$1

On when you book travel online through ExpediaForTD.com

2 points/$1

On bills, groceries, restaurants (including fast food & drinks)

1 point/$1

On other purchases

TD Rewards Visa* Card details

Annual fee: $0
Reward: Earn 3x points on when you book travel online through ExpediaForTD.com, 2x points on bills, groceries, restaurants (including fast food & drinks), 1x points on other purchases
Average point value: $0.005
Purchase interest rate: 19.99%
Cash advance interest rate: 22.99%
Balance transfer interest rate: 22.99%
Minimum income: Any amount
Household income: Any amount
Recommended credit score: 660+
Network: VISA
Provider: TD
Card type: Travel

Detailed card summary

Benefits & features

This offer is not available for residents of Quebec. For Quebec residents, please click here.
Limited Time Offer
Apply by September 6, 2021 to get a 9.99% promotional interest rate on purchases for the first 6 months with no annual fee^. Plus, earn 15,152 TD Rewards Points (a value of $50 on Amazon.ca with Shop with Points⁶) by keeping your Account open, active and in good standing for the first 90 days⁺.
No Annual Fee.
Earn 2 TD Rewards Points for every $1 in grocery, restaurant and fast food purchases², and regularly recurring bill payments³.
Earn 3 TD Rewards Points for every $1 when you book travel online through ExpediaForTD.com⁴
Earn 1 TD Rewards Point for every $1 you spend on all other purchases⁵
Redeem your TD Rewards Points towards making purchases at Amazon.ca with Amazon Shop with Points. Conditions apply. See more details
You can redeem the TD Rewards Points you’ve earned towards everyday perks like cash back, gift cards and more.
Your TD Rewards Points will never expire as long as your account is open and in good standing.
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 visit the TD site.

How to redeem

How to get approved

Ratehub review

Mikael Castaldo

Are you new to credit cards? Want a flexible and easy-to-understand rewards program? Prefer to stick with the trusted and familiar name of a big bank?

The TD Rewards Visa ticks all those boxes.

TD Bank‘s entry-level travel rewards credit card, the TD Rewards Visa has no annual fee, no specific income requirements, and is part of the TD Rewards ecosystem, which is about as simple as points programs get. But is it the best option out there for you? Read our full TD Rewards Visa review for a deep dive into the card’s pros and cons.

The Pros

New cardholders who apply by September 6, 2021 can receive just over 15,000 bonus points.
The card earns between double and triple the points across four popular spending categories including: dining, groceries, recurring bills, and travel purchases from the ExpediaforTD website.
The TD Rewards program is flexible and easy-to-understand. 1 point is worth a consistent 0.5 cents when booking travel online from ExpediaforTD.com. There are no elaborate rewards charts or maps involved, plus TD points never expire.
With TD and Expedia’s partnership, you’ll have access to one of the world’s largest travel search engines and can use points at virtually any airline or hotel provider.
With no annual fee, the card is effectively free to carry (as long as you pay off your balance in full, of course); making it ideal for credit card beginners, low-volume spenders, or those who don’t care for premium perks.
The TD Rewards Visa has no specific income requirements, so it’s within reach of most applicants including students.
Since the TD Rewards Visa is issued by a big bank, it’s an ideal option if you want to stick with using a single financial provider across all your everyday bank accounts (e.g. chequing, savings, credit cards etc.).
Cardholders are eligible for discounts (up to 10%) when booking rental cars from participating Avis and Budget locations.

The Cons

When considering net returns (1 TD point = 0.5 cents in travel rewards), this card earns between 0.5% up to 1.5% on your everyday spending. There are higher-earning no fee alternatives including the MBNA Rewards Platinum Plus and the Tangerine Money-Back Card.
The card lacks perks like travel insurance, which all things considered, is expected for a no fee credit card.

Everyday earn rates

The TD Rewards Visa earns TD points on all your everyday spending. The number of points you’ll earn will depend on what you purchase:

3 TD points per $1 when booking travel online from ExpediaforTD.com
2 TD points per $1 on groceries
2 TD points per $1 on dining (including fast food purchase)
2 TD points per $1 on recurring bills
1 TD points per $1 on everything else

So, what does that all work out to in real dollar terms?

Well, like most rewards programs, you’ll reap the maximum value out of your points when redeeming for travel rewards. In the case of TD Rewards, 1 point is worth 0.5 cents when redeemed online for any travel purchase from the ExpediaforTD website. That means 3 points is worth the equivalent of 1.5 cents or a 1.5% return in travel rewards, 2 points are worth 1 cent or 1% in travel rewards, and so on.

Here’s a breakdown of how much you can earn with the TD Rewards Visa assuming you spend $1,550 every month in the following categories:

Groceries	$240
Gas	$180
Restaurants	$250
Bills	$200
Travel	$100
Entertainment	$60
Pharmacies	$20
Everything else	$500
Total travel rewards after 1 year	$146

Here’s how much you would earn under the same spending scenario with no-fee travel card alternatives:

Card	Annual travel returns
MBNA Rewards Platinum Plus	$266
Scotiabank American Express	$186
TD Rewards Visa	$146
BMO Rewards Mastercard	$132
CIBC Aventura Visa	$145
RBC Rewards Plus	$119

When comparing the TD Rewards Rewards Visa to other no fee travel cards, we’d say its earn rate comes in around “middle of the pack”.

Rewards caps on bonus categories

Digging into the card’s terms and conditions reveals the TD Rewards Visa has a $5,000 annual spending cap on most of its bonus categories (nothing new for a no fee card).

What does that mean, exactly? Let’s look at groceries as an example.

The card earns 2 TD points per dollar on groceries with a $5,000 annual cap. That means you’ll get:

2 points per $1 on the first $5,000 you spend on groceries within a year
1 point per $1 on grocery purchases beyond $5,000
This cap resets with the start of every new year

Like groceries, the same cap applies to dining and recurring bill payments. Your earn rates will drop from 2 points to 1 point per dollar on any amount you spend over $5,000 in either category.

The silver lining: these caps are quite high at $5,000 per year (or an average of $416 per month, per category), which means you’ll likely be racking up bonus points on most or all of your spending. It’s also worth noting that spending on travel doesn’t have caps, so you’ll always earn 3 points per dollar on all your ExpediaforTD.com card purchases no matter what.

If you suspect you’ll regularly spend over $5,000 per year ($416 per month) on bonus categories, you might earn higher returns with a premium rewards card like TD First Class Visa Infinite or TD Cash Back Visa Infinite which have no caps on bonus categories whatsoever.

About TD Rewards

TD Rewards is the official branded rewards program of TD Bank and it operates in partnership with Expedia – one of the world’s largest travel search engines.

TD points never expire and will always be available so long as your account remains open and in good standing (aka you’re not missing minimum payments).

Getting maximum value with Expedia

You can redeem TD Points online for anything listed on the ExpediaforTD website in flat increments of 200 points for $1 (or 0.5 cents per point). There are no elaborate rewards charts or maps, and points values are always consistent no matter where or when you’re travelling, making it super easy to know what your points are worth.

The ExpediaforTD website lists all the same travel options as the main Expedia website, and points can be redeemed for:

Flights on virtually any airline with no blackout dates
Hotel stays at hundreds of resorts
Car rentals
Tours
Vacation packages
And more

Other redemption options

While you’ll earn the maximum value from your points when redeeming for travel rewards using the ExpediaforTD website, you do have the option to use TD points for other rewards. The caveat: you’ll be subject to different redemption rules that’ll often lower your points values.

For instance, you can ditch ExpediaforTD altogether and use the “Book Any Way Travel” option to redeem points for a flight ticket you purchased directly from an airline (you’ll receive a credit on your monthly statement to offset the cost of the travel booking). TD points can also be used to get free stuff from Amazon.ca, merchandise from the TD catalogue, gift cards, or even cash credits.

Here’s how points values break down:

Redemption Option	Value per 1 point
ExpediaforTD	0.5 cents always
Book Anyway Travel	0.4 cents on the first $1,200 of the travel expense 0.5 cents on any amount that is over $1,200
Amazon.ca purchases	0.33 cents
Cash credits	0.25 cents
Gift cards	0.25 cents
Merchandise	Varies Typically less than 0.25 cents

In short: it’s best to use TD points for travel, either via ExpediaforTD or comparing flights directly offered from an airline. If you want to earn rewards that’ll help you save on all your everyday purchases, it’s best to stick with a cash back credit card over a travel points card.

Welcome offer

For a limited time, new cardholders can earn 15,152 TD bonus points, which is an unconventional number until you realize that’s worth the equivalent of $50 when redeemed online for any purchase from Amazon.ca (1 TD points = 0.33 cent off Amazon purchases).

In order to qualify for the points bonus, all you’ll need to do is keep your account active and open for at least 90 days. A $50 bonus on a no-fee card with no minimum spending quotas is a big win in our eyes.

New cardholders will also benefit from a temporarily reduced interest rate of 9.99% on new purchases for the first six months, which can mean owing less interest if you can’t quite pay off your balance in full. While a nice-to-have, if you’re in a cash crunch or quite pay off your monthly credit card balance in full, we’d suggest sticking with a low APR credit card that always has a below-average interest rate as standard – like the MBNA True Line Mastercard.

Fees, income requirements, and more

As you would expect from an entry-level credit card, the TD Rewards Visa Card has a low barrier to entry.

It has no annual fee, no specific income requirements (even students can be eligible to apply), and it’s available with credit limits of as low as $500.

As standard for a rewards credit card, it does have a steep double-digit interest rate of 19.99%. But like all cards, you won’t owe any interest so long as you use the card responsibly and pay off the balance in full each and every month.

There are some bare minimum application requirements worth nothing, though. You must of course be at least the age of majority (legal adult), which is either 18 or 19 years old depending on your province. You also must not have reported bankruptcy or have had major credit problems in the past (e.g. defaulting on loans or a history of missed payments on loans or credit cards in the past).

Side perks

I know we’re starting to sound repetitive, but again, the TD Rewards Visa is an entry-level card. And that means it offers few frills and side perks.

As with any credit card, you’ll get the basics like purchase protection (aka purchase security), extended warranties that doubles the manufacturer’s warranty for up to one additional year, and Visa Zero Liability that’ll protect you in case an unauthorized purchase was made using your card.

As an added bonus, cardholders can also get between 5% to 10% off rental cars from participating Avis and Budget locations.

Bottom line

With no annual fees, no income requirements, and an easy-to-use points program, the TD Rewards Visa is one of the most accessible and rewarding travel points cards for credit card beginners and low-volume spenders.

Legal

Annual interest rates, fees and features are current as of January 18, 2021 unless otherwise indicated and subject to change.

⁺Must apply by September 6, 2021. To receive 15,152 Bonus TD Rewards Points awarded to the TD Rewards Account associated with the TD Rewards Visa* (“Account”), you must keep your Account open, active and in good standing for 90 days after Account opening. Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise indicated. Your Account must be in good standing at the time the Welcome Bonus TD Rewards Points are awarded. Please allow 8 weeks after the conditions for each offer are fulfilled for the Welcome Bonus TD Rewards Points to be credited to your TD Rewards Account. This offer is not available customers who have activated and/or closed a TD Rewards Visa* Account in the last 6 months. We reserve the right to limit the number of Accounts opened by and the number of TD Rewards Points awarded to any one person.

^ INFORMATION YOU MUST READ TO HELP YOU UNDERSTAND YOUR PROMOTIONAL RATE OFFER:

The Promotional Interest Rate offer (“Promotional Rate”) applies to new TD Rewards Visa* Card Accounts (“Account”). This offer is not available to customers who have activated and/or closed a TD Rewards Visa* Account in the last 6 months. After your Account is opened, the Promotional Rate of 9.99% applies to Purchases for the first 6 statement periods following the Account opening (“Promotional Rate Period”). The Promotional Rate does not apply to any Cash Advances.
For Residents outside of Quebec: At the end of the Promotional Rate Period, the Annual Interest Rate for Purchases will increase, and the remaining balance of the Purchase transactions will become subject to the Annual Interest Rate of 19.99% for the Account as stated in your Disclosure Statement on the first day of the first statement period that occurs after the expiry of the Promotional Rate Period. For Quebec Residents only: At the end of the Promotional Rate Period, the Annual Interest Rate for Purchases will increase, and the remaining balance of the Purchase transactions will become subject to the Annual Interest Rate of 20.99% for the Account as stated in your Disclosure Statement on the first day of the first statement period that occurs after the expiry of the Promotional Rate Period. For all Accounts: You will lose the Promotional Rate if we do not receive the Minimum Payment before or on the Payment Due Date and before the date on which we prepare your next monthly statement twice within any 12 consecutive statement periods and your Annual Interest Rate for Purchases will increase to 24.99%. If you close your Account prior to the end of the Promotional Rate Period, you will lose the Promotional Rate and the Annual Interest Rate as stated in your Disclosure Statement will apply to any unpaid balances until your balance is paid in full. If you transfer your Account to a different TD Credit Card during the Promotional Rate Period, the Promotional Rate will no longer apply to the TD Credit Card to which you are transferring. Other conditions apply, see your Cardholder Agreement and Disclosure Statement for information about Promotional Offers. Offer may be changed, extended or withdrawn at any time, without notice.

See your Disclosure Statement and Cardholder Agreement for more details on annual interest rates, including how we charge interest and apply payments to Purchases.

¹ Primary Cardholder remains liable for all charges to the Account, including those made by any Additional Cardholder. Maximum of 3 Additional Cardholders on the Account.

² Earn 2 TD Rewards Points (“Grocery Rebate”) for every $1 in Purchases of groceries or grocery items (“Grocery Purchases”) charged to your TD Rewards Visa Card Account (“Account”) and earn 2 TD Rewards Points (“Restaurant Rebate”) for every $1 in Purchases at restaurants including fast food restaurants (“Restaurant Purchases”) charged to your Account. Any returned items, refunds, rebates or other similar credits will reduce or cancel the TD Rewards Points earned on the original Grocery Purchase or Restaurant Purchase, as applicable. Fees, Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa Cheques), interest charges, optional service, refunds, rebates or other similar credits do not earn TD Rewards Points. $5,000 Cap: Each of the Grocery Rebate and the Restaurant Rebate is only available to a $5,000 maximum net annual spend (“$5,000 Cap”). Once the $5,000 Cap has been reached for either Grocery Purchases or Restaurant Purchases, then any further Grocery Purchases and Restaurant Purchases made on the Account will earn TD Rewards Points at the standard rebate rate of 1 TD Rewards Point that applies to all other Purchases on the Account as set out in your Cardholder Agreement (“Standard Rebate”). Applicability of Grocery Rebate and Restaurant Rebate: Each of the Grocery Rebate and the Restaurant Rebate is in place of, and not in addition to, the Standard Rebate. Merchant Category Codes: To earn the Grocery Rebate and/or the Restaurant Rebate, the Grocery Purchases and /or Restaurant Purchases must be made at merchants classified through the Visa network with a Merchant Category Code (“MCC”) that identifies them in the “grocery”, “restaurant” or “fast food” category. Some merchants may (i) sell groceries or grocery items; (ii) provide restaurant service or sell fast food; or (iii) have separate merchants located on their premises that also sell groceries or grocery items, or provide restaurant service or sell fast food; but may not be classified with a grocery, restaurant or fast food MCC and such Purchases will not earn the Grocery Rebate or Restaurant Rebate, as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

³ Earn 2 TD Rewards Points (“PAP Rebate”) on each $1 in payments made on a monthly or other regularly recurring basis for merchant bills, including insurance premiums, magazine/newspaper/online streaming subscriptions, membership fees and telecommunication fees, that are set up by the merchant with your consent to be automatically charged to your TD Rewards Visa Card Account (“Account”) and that are classified through the Visa network as “recurring payments” (“Pre-Authorized Payments”). You must confirm with your merchant if they can accept Pre-Authorized Payments. Any returned items, refunds, rebates or other similar credits will reduce or cancel the TD Rewards Points earned on the original Pre-Authorized Payment. Fees, Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa Cheques), interest charges, optional service, refunds, rebates or other similar credits do not earn TD Rewards Points. $5,000 Cap: The PAP Rebate is only available to a $5,000 maximum net annual spend (“$5,000 Cap”). Once the $5,000 Cap has been reached, then any further Pre-Authorized Payments made on the Account will only earn TD Rewards Points at the standard rebate rate of 1 TD Rewards Point that applies to all other Purchases on the Account as set out in your Cardholder Agreement (“Standard Rebate”). Applicability of PAP Rebate: The PAP Rebate is in place of, and not in addition to, the Standard Rebate. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

⁴ Earn 3 TD Rewards Points for every $1 in Purchases of travel made online through Expedia For TD (“Online Travel Purchases”) and charged to your TD Rewards Visa Card Account (“Account”). Any returned items, refunds, rebates or other similar credits will reduce or cancel the TD Rewards Points earned on the original Online Travel Purchase. Fees, Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa Cheques), interest charges, optional service, refunds, rebates or other similar credits do not earn TD Rewards Points. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer. Earn 2 TD Rewards Points for every $1 in Purchases of travel made by phone through Expedia For TD (“Phone Travel Purchases”) and charged to your TD Rewards Visa Card Account (“Account”). Any returned items, refunds, rebates or other similar credits will reduce or cancel the TD Rewards Points earned on the original Phone Travel Purchase. Fees, Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa Cheques), interest charges, optional service, refunds, rebates or other similar credits do not earn TD Rewards Points. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

⁵ Earn 1 TD Rewards Point (“Standard Rebate”) on every $1 on all other Purchases (“Other Purchases”) charged to your TD Rewards Visa Card Account (“Account”). Any returned items, refunds, rebates or other similar credits will reduce or cancel the TD Rewards Points earned on the original Purchase. Fees, Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa Cheques), interest charges, optional service, refunds, rebates or other similar credits do not earn TD Rewards Points. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

⁶ TD Rewards Point is worth $0.0033 towards purchases at Amazon.ca that are eligible for the Shop With Points program. 3 TD Rewards Points minimum redemption.

These are highlights of the Amazon.ca Shop with Points program for TD points (“SWP for TD”). SWP for TD is provided by Amazon.ca. To use your TD points to pay for an order at Amazon.ca, your eligible TD credit card must be linked to your Amazon.ca account. For more information, including how to enroll in SWP for TD and terms, conditions and restrictions, visit https://www.amazon.ca/tdrewards. Amazon.ca is operated by Amazon Services International, Inc. The Toronto-Dominion Bank and its affiliates are not liable or responsible for SWP for TD or any of the services and products offered/provided by Amazon.ca. SWP for TD may be amended or cancelled at any time without notice.

All trade-marks are the property of their respective owners.

* Trademark of Visa International Service Association and used under license.

® The TD logo and other trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.
Amazon, the Amazon.ca logo and the smile logo are trademarks of Amazon Services International, Inc. or its affiliates

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