TD Rewards Visa Review

**This post may contain affiliate links. I may be compensated if you use them.

TD credit cards are incredibly popular but with so many choices, it can be difficult to figure out which one is the best for you. First, you need to decide if you’re looking for the best travel credit cards in Canada or the best cash back credit cards in Canada. If you decided, you want to go with travel, then you need to pick a co-branded credit card such as the TD Aeroplan Visa Infinite card or something that gives you more flexibility like the TD First Class Travel Visa Infinite Card

The problem with the cards I’ve mentioned is that they have a high minimum income requirement and annual fees over $100. What if you don’t meet the minimum income threshold and you prefer something that doesn’t have an annual fee> That’s where the TD Rewards Visa Card comes into play, think of it as TD’s entry-level travel credit card. Read my TD Rewards Visa Review now and find out if the card is any good

TD Rewards Visa Card benefits

  • No annual fee (when applying by May 31, 2020)
  • Earn 2,500 TD Rewards points when you make your first purchase 
  • Earn 2,500 TD Rewards Points in each of the first 3 months when you spend a minimum of $250 per month, up to a total of 7,500 TD Rewards Points
  • Earn 3 TD points per $1 spent when you book on Expedia for TD
  • Earn 2 TD points per $1 spent on grocery, restaurant, fast food, and recurring bill payments
  • Earn 1 TD Point per $1 spent on all other purchases
  • Purchase security and extended warranty
  • Discount on Priority Pass membership
  • Discounts at Avis and Budget Rent-A-Car

TD has been changing around their sign up bonus lately with the current promotion being 2,500 points after your first purchase and then another 2,500 points for the first three months when you spend a minimum of $250 each month. This promotion is a bit better than the old one since it requires less spending, but it’s still more complicated than it needs to be.

The regular earn rate is 3 TD points per $1 spent on Expedia for TD; 2 points per $1 spent on grocery, restaurant, fast food, and recurring bill payments; and 1 point for everything else. Considering this is a no-fee card, that’s a respectable rate of return, but hardly the best.

You do get purchase security which protects your purchases from loss, theft and damage for 90 days, as well as extended warranty protection which doubles your manufacturer’s warranty up to one additional year.

Getting a discount on a Priority Pass membership is nice if you travel, but if lounge access is important to you, you’re better off getting a credit card with lounge access. Finally, you get a small discount of 10% at Avis and Budget Rent-A-Car in Canada and the U.S.; and 5% off international locations. 

How the TD Rewards Visa Card compares to others

Generally speaking, I consider all no-fee, entry-level travel credit cards to be similar as they all have pretty much the same benefits and earn rate. That said, the TD Rewards Visa Card does earn you extra points when you book through Expedia for TD which can be valuable. Each TD point has a value of 5 cents when booking through Expedia for TD, so that means you’re getting 1.5 cents in points for every dollar spent on Expedia for TD.

TD Rewards itself is a decent loyalty program. It doesn’t offer anything fancy, but it’s easy to understand which is why people love it. As mentioned, Expedia for TD gives you the best value for your points, but you can still use your points for any type of travel but it’ll cost you 250 TD Rewards points to claim $1 in travel which works out to 0.4 cents per point.

Once you start earning a higher personal or household income, you should consider upgrading to the TD First Class Travel Visa Infinite Card or one of the best travel credit cards in Canada.

Final thoughts

My TD Rewards Visa review is positive. It’s nowhere close to being a great travel credit card, but for what it is, it’s decent. If you’re looking for a no-fee travel credit card that doesn’t have a high income requirement, then this card might be a good fit for you.

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter:@barrychoi


  1. Tom Rosicki on December 14, 2020 at 3:21 PM

    The Card is good but the TD rewards site is completely useless. Please DO NOT order anything from the TD rewards mall or gifts. Nothing happens. When you order something to redeem your points, you receive a notification that your order was received and thats it. Nothing else happens, one month later nothing, status is “order received”. Completely useless for a company the Size of TD and VISA honestly? This is an embarrassment to both brands. Oh wait, there is a toll free number. As I write this I am waiting on hold for support at TD-rewards and the time is now 55 minutes and still listening to the on-hold music… Awesome!! great job everyone.

  2. Victor Blake on December 18, 2020 at 1:15 PM

    I have waited a month with nothing happening with what I have ordered as well. Lately cannot get through on the phone either. Spent 4 hrs waiting with no one responding. After 55 minutes it would send me to voicemail. I left a message and no one has called me back. TD is usually great but this is absurd.

  3. Victor Blake on December 18, 2020 at 2:33 PM

    Finally got a call back. Interesting timing. It would appear that the item is back ordered.

  4. Dave Jenkins on September 29, 2022 at 4:50 PM

    DO NOT get this card. If it is stolen and fraudulently used, you may find yourself out of luck. And getting through to anyone who can help is frustrating beyond description. Good luck finding any information regarding appeals process either. I had several credit and debit cards stolen from my vehicle last July. TD Bank debit card blocked attempted fraudulent use of that card and for two other credit cards (one USAA bank card and one Home Depot store card) I was reimbursed fraudulent charges. TD Bank Card services, however, is still trying to make me responsible for the fraudulent charges (totaling over $1100) despite me having provided them with police case number and other information related to the theft. They are basically accusing me of fraud by saying the card was in my possession when used.

  5. Sean on November 16, 2022 at 2:44 PM

    Have had multiple issues with the travel reward site. 1st problem is that all the prices are more expensive than if you book through the regular expedia site. 2nd getting any kind of support, even automated support, may be possible but not likely very helpful and certainly not prompt.

    Claims of rewards are grossly overstated in my opinion.

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