Best TD Credit Cards in Canada
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As Canada’s second largest financial institution, TD Bank offers a long list of personal and business credit cards to its customers.
If you have trouble paying off your balance each month, the TD Emerald Visa Card is a low interest rate credit card with an annual fee of just $25.
If you’d prefer a no fee credit card, TD Bank has 3 options for you: the TD Gold Select Visa Card, the TD Drivers Reward Visa Card, which earns you TD Driver Rewards Points towards your dream vehicle or automatic parts/services, or the TD Cash Back MasterCard Card, which earns you 0.75% cash back on all purchases. For $99/year, you could upgrade to the TD Gold Elite Visa Card and earn 1.00% cash back on all purchases.
TD Bank’s credit card specialty, though, is its travel rewards credit cards: all 6 of them. TD Bank offers 3 Aeroplan Visa Cards, which come with varying sign-up bonuses and help you earn Aeroplan miles, and 3 TD Visa Cards that let you earn TD Points, which can be redeemed for travel-related expenses.
If you need a business credit card, TD Bank has 4 more cards for you to choose from: 2 basic credit cards and 2 for travel.
While most of the other big banks have partnerships with a number of different loyalty programs and/or retailers, TD only has one – with Aeroplan. With annual fees ranging from $89-399, TD Bank beats out CIBC’s Aeroplan credit card offerings with its larger sign-up bonuses. For example, the TD Aeroplan Visa Platinum Card comes with a welcome bonus of 10,000 Aeroplan Miles vs. CIBC’s, which only comes with 5,000. With that card, you earn just 1 Aeroplan Mile per $1 spent on gas, groceries and drug store purchases, and 1 Aeroplan Mile per $1.50 spent on everything else. With the other 3 Aeroplan credit cards TD offers, you earn 1.5 Aeroplan Miles per $1 spent, and the cards come with better insurance policies – especially the 2 Visa Infinite cards.
The Toronto-Dominion Bank is the second largest bank in Canada as measured by assets and market capitalization, and is the sixth largest bank in North America. In 1955, two banks (Bank of Toronto and Dominion Bank) merged to become Toronto-Dominion Bank – more commonly known today as TD Bank. TD Bank employs approximately 78,000 employees who serve over 22 million clients worldwide. In Canada, TD Bank serves 11 million customers at over 1,150 branches.