The Value of a TD Reward Point

TD Rewards is the official branded rewards program of TD Bank, and is arguably one of the most flexible and easy-to-understand credit card points programs in Canada.

Quick facts about TD Rewards points

• About: Since 2011, TD Bank and Expedia have been in a unique partnership. TD points are worth the most when redeemed online for travel rewards from the ExpediaforTD website (which offers access to the same travel options as Expedia.ca including flights from virtually any airline, hotel stays, vacation packages, car rentals, and tours)
• Points values: TD Rewards are redeemable at a rate of 200 points for $1 (or 0.5 cents per point / 0.5% in travel rewards) for anything listed on the ExpediaforTD website. Points can be used to cover taxes and fees too
• Ease of use: There are no complicated rewards charts and maps, and points values never change regardless of where or when you’re travelling. Simply log in to the ExpediaforTD website and start redeeming in 200 point increments
• How to earn TD Rewards: Points can be earned on either the premium TD First Class Visa Infinite, mid-level TD Platinum Travel Visa, or the entry-level no fee TD Rewards Visa Card. You can also earn up to triple the points on any travel purchase you make when using a TD Rewards credit card on the ExpediaforTD website
• Other redemptions options: You can opt to redeem TD points for other rewards outside of the ExpediaforTD ecosystem, but you’ll reap a lower return from your points - roughly between a quarter or half the value

TD points values - by redemption type

Redemption	Value of 1 point
ExpediaforTD	0.5 cents (0.5%)
BookAnyWay Travel	0.4 cents (0.4%) on the first $1,300 of the travel expense 0.5 cents (0.5%) on $1,301 and beyond
Education credit	0.4 cents (0.4%)
Amazon.ca	0.33 cents (0.33%)
Gift cards	0.25 cents (0.25%)
Statement (cash) credit	0.25 cents (0.25%)
Merchandise	0.23 -0.3 cents (0.23-0.3%) on average Values vary

How to redeem TD points

Using your TD Rewards points is extremely straightforward - regardless of what you redeem for. We’ve provided quick explainers for each redemption option below.

ExpediaforTD

In order to leverage the partnership between TD and Expedia and reap the maximum value out of your TD points, simply visit ExpediaforTDdotcom, use the search filters to create the ideal travel itinerary, and input the number of points you’d like to redeem in 200 point increments at the online checkout when you’re ready to book.

You can use any combination of points and credit as you like, so you won’t need to build up a giant stockpile of rewards points before you can start putting them to good use. Just note: you must visit ExpediaforTDdotcom, not expedia.ca. While both website share the same travel options, only ExpediaforTDdotcom allows for direct redemption of TD points.

Merchandise rewards and statement credits

Redeeming for merchandise is simple too and can be done by visiting the TD Rewards website homepage.

You may need to cover the cost of the reward entirely in points depending on what you redeem for. For example, if a hairdryer requires 20,000 points, you must redeem all 20,000 points and can’t use a combination of points and credit or cash. The same goes for gift cards.

In the case of statement credits, you’ll need a rewards balance of at least 10,000 points, with additional redemptions made in 400 point increments. Credits will be applied on statement and serve to reduce your balance (similar to cash back).

When using points for Amazon.ca purchases, you must first enrol your TD account with Amazon.ca (can be done via TDrewardsdotcom) where 10,000 points is worth $33.

Book Any Way

Book Any Way is slightly more involved but extremely fleixble, allowing you to purchase virtually any travel booking directly from an airline or travel provider of your choice using your TD rewards credit card and redeem your TD points after the fact. Your points will be applied to your card bill as a statement credit to offset the cost of the travel purchase. Here’s how it works:

• Make a travel purchase on your TD Rewards Visa Card and wait for it to appear on your credit card statement (usually takes at least 3 business days)
• Visit the TD Rewards website (or contact TD Rewards over the phone) to apply TD points against your travel purchase (must be done no later than 90 days from the date you purchased the travel booking)
• Redemption values may differ slightly depending on the price of your travel booking. On the first $1,300 of the travel expense, you’re able to redeem in flat increments of 250 points for $1 (0.4 cents per point). On anything $1,301 or beyond, you can redeem in increments of 200 points for $1 (0.5 cents per point)
• A range of expenses are eligible for redemptions under Book Any Way option, including everything from the conventional like air travel and hotel stays, to airport parking, bed & breakfasts, and theme park tickets; making it a great option if you’re looking to redeem TD points for a travel reward not available on the ExpediaforTD website
• In some cases, you may even be able to use points to offset gas and restaurant bills you paid for while travelling (however, point redemption requests may be reviewed on a case-by-case basis for less conventional travel redemption requests)

Redeem for education

Are you (or a loved one) a student enrolled in a post-secondary institution? As a TD Rewards points collector, you can redeem points for education credits that’ll go towards reducing the cost of tuition and student loans.

Points can be redeemed for education credits at over 100 universities, colleges, and higher-education institutions including OSAP, Canada Student Loans, University of Toronto, Queen’s University, University of British Columbia, and so many more.

You’ll need to redeem a minimum of 62,500 TD points for the equivalent of $250 in education credits. The whole process is pretty straightforward: visit the TD Rewards website, select “Redeem for Education”, and link your TD account to the HigherEDPoint.com website - an institution that partners with loyalty rewards programs and universities. Once you’ve redeemed your points, you’ll transfer the credits from HigherEDPoint.com to your university or student loan provider. One important note: once you transfer your TD points to HigherEDPoint.com, you must use your credits within two years otherwise they’ll expire.