TD Rewards 2026: Points Value, Best Cards & Redemptions
What is TD Rewards?
TD Rewards is the points program on TD’s travel credit cards, and it’s built for simplicity rather than maximum value: no blackout dates, no expiry while your card is open, and a best-case value of 0.5 cents per point. The best way to use it is to book travel on Expedia for TD.
The quick facts:
- Points value: 0.5¢ on Expedia for TD (200 points = $1), which is the best redemption. Everything else pays 0.44¢ or less.
- Best cards: the TD First Class Travel Visa Infinite ($139, first year rebated) for most people, the Platinum Travel Visa ($89) for a lower fee, and the no-fee TD Rewards Visa to start.
- Top earn rate: 8 points per $1 on Expedia for TD with the First Class card, a 4% return at 0.5 cents each.
- Expiry: points don’t expire while your account is open, active and in good standing.
- Skip it if: you want a fixed-rate flight chart or airline transfer partners. TD Rewards has neither.
Here’s what TD points are worth, how to earn them faster, and where they go furthest.
How much are TD Rewards points worth?
TD Rewards points are worth 0.5 cents each at best, and only on Expedia for TD. Nothing else pays more than 0.44 cents, so book there whenever you can.
| How you redeem | Value per point | Rate |
|---|---|---|
| Expedia for TD | 0.50¢ | 200 points = $1, in 200-point steps |
| Pay Off Purchases (travel purchases) | 0.44¢ | 225 points = $1, past 3 statements, app or EasyWeb only |
| Book Any Way Travel (phone only) | 0.40¢ | 250 points = $1 |
| Amazon.ca Shop with Points | About 0.33¢ | Roughly 300 points = $1 |
| Pay Off Purchases (everything else) and statement credit | 0.25¢ | 400 points = $1 |
| Gift cards and merchandise | 0.25¢ or less | Skip it |
The rule: book on Expedia for TD first, and treat every other option as a backup. If a redemption pays less than 0.4 cents, keep your points.
How do you earn TD Rewards points?
You earn TD Rewards points on everyday spending with a TD travel credit card, and you earn far more when you book through Expedia for TD. Points per $1 spent:
| Category | First Class Travel Visa Infinite | Platinum Travel Visa | Rewards Visa |
|---|---|---|---|
| Expedia for TD | 8 | 6 | 4 |
| Groceries, dining, public transit | 6 | 4.5 | 3 |
| Recurring bills, streaming | 4 | 3 | 2 |
| Everything else | 2 | 1.5 | 1 |
| Annual cap on bonus categories | None | $15,000 per category | $5,000 per category |
At 0.5 cents per point, the First Class card returns 4% on Expedia for TD, 3% on groceries, dining and transit, 2% on bills and streaming, and 1% on everything else. Once you hit a cap, that category drops to the base rate.
Welcome bonuses add the most. The First Class card offers up to 160,000 points right now, which is worth about $800 on Expedia for TD. Compare all three offers below.
How to redeem TD Rewards points for the best value
The best TD Rewards redemption is Expedia for TD at 0.5 cents per point. Treat everything else as a backup.
1. Expedia for TD
Book flights, hotels, car rentals, vacation packages, cruises, vacation rentals, rail trips and attractions. There are no blackout dates or seat restrictions, and points cover taxes and fees. Redemptions start at 200 points, and the site suggests how many points to use at checkout. Later in 2026, Expedia for TD will only be reachable through EasyWeb and the TD app. Watch your TD Rewards emails for promo offers, too.
2. Travel booked somewhere else
Book on any site, then use Pay Off Purchases in the TD app or EasyWeb to cover travel-coded charges from your last three statements. Credits post within two business days. That’s Airbnb, RV rentals and anything else Expedia for TD doesn’t sell.
The older Book Any Way Travel option is being phased out. Online redemptions are ending later in 2026, so phone-only redemptions at 1-800-983-8472 are all that will remain. Pay Off Purchases is the better rate anyway.
3. Shopping and coffee
Amazon.ca Shop with Points applies points instantly at checkout. Starbucks converts points to Stars, with a 700-point minimum. Amazon.ca beats a gift card, but neither is a great value.
What to avoid
Statement credits, gift cards, merchandise and cash all pay 0.25 cents or less, half of what Expedia for TD pays.
Best TD Rewards credit cards right now
The TD First Class Travel Visa Infinite is the best pick for most people because of its earn rates and huge welcome bonus. The Platinum Travel Visa is the cheaper alternative, and the Rewards Visa is the no-fee starter.
| Card | Annual fee | Welcome offer (September 2026) | Perks |
|---|---|---|---|
| TD First Class Travel Visa Infinite | $139, first year rebated | Up to 160,000 points: 20,000 on first purchase, 140,000 more after $7,500 in 180 days | $100 Expedia for TD travel credit on a $500+ booking, 4 lounge visits a year, birthday bonus of up to 10,000 points |
| TD Platinum Travel Visa | $89, first year rebated | Up to 50,000 points: 15,000 on first purchase, 35,000 more after $3,000 in 180 days | Trip delay, lost baggage, travel accident and mobile device insurance |
| TD Rewards Visa | $0 | 15,152 points after $500 in 90 days, worth $50 on Amazon.ca | Mobile device insurance, purchase security, extended warranty |
The First Class card requires $60,000 in personal income or $100,000 in household income. The Platinum lists no minimum income. The First Class annual fee can be waived through some TD banking plans, such as the All-Inclusive Banking Plan.
The TD Business Travel Visa also earns TD Rewards points. TD’s Aeroplan cards earn Aeroplan points instead, so they’re a separate program.
Offers change often. Check TD’s site before you apply.
5 tips to get more from TD Rewards
- Book on Expedia for TD, but compare prices. You earn up to 8 points per $1 and redeem at the best rate. Check the price against other travel sites first, and opt in to TD Rewards emails for promo offers.
- Claim the $100 travel credit. First Class cardholders get $100 back on a qualifying Expedia for TD booking of $500 or more. It renews each January 1 and doesn’t roll over.
- Put groceries, dining and transit on the card. Six points per $1 at 0.5 cents each is a 3% return, which is strong for a bank card.
- Use Pay Off Purchases for travel you book elsewhere. At 225 points per $1, it beats a statement credit by almost double.
- Redeem before you close or switch cards. Points don’t expire while your account is open and in good standing, but closing it forfeits them.
How does TD Rewards compare to other Canadian programs?
TD Rewards tops out at 0.5 cents per point, so it can’t match programs with fixed-rate flight charts, like RBC Avion, or airline transfers, like American Express Membership Rewards, on redemption value. Its strengths are simplicity, no blackout dates and no expiry while your account is open. Its weaknesses are few redemption options and a steep drop in value away from Expedia for TD.
If value matters more than simplicity, look at Amex Membership Rewards or Aeroplan. TD issues Aeroplan cards too, which earn Aeroplan points rather than TD Rewards points. You can also compare TD Rewards against Scene+ and RBC Avion Rewards based on how you spend.
TD Rewards FAQ
How much are TD Rewards points worth?
Half a cent each on Expedia for TD (200 points = $1). Other redemptions pay 0.44 cents or less.
What’s the best way to use TD Rewards points?
Book travel on Expedia for TD. For travel you book elsewhere, use Pay Off Purchases at 225 points per $1.
Do TD Rewards points expire?
Not while your TD credit card account is open, active and in good standing. Close it and unredeemed points are forfeited.
Does TD Rewards have airline transfer partners?
No. Points redeem at fixed rates for travel, purchases, Amazon.ca and Starbucks.
Is Book Any Way Travel going away?
Online redemptions are ending later in 2026. Phone redemptions at 1-800-983-8472 remain at 250 points per $1, but Pay Off Purchases pays more.
How do I access Expedia for TD?
Through EasyWeb or the TD app. Later in 2026, direct logins on the Expedia for TD site are being retired.
What is the best TD Rewards credit card?
The TD First Class Travel Visa Infinite ($139, first year rebated) for most people. The Platinum Travel Visa ($89) and no-fee Rewards Visa are cheaper options.
Can I redeem TD Rewards points on Amazon.ca or at Starbucks?
Yes. Amazon.ca Shop with Points applies points at checkout, and Starbucks converts points to Stars with a 700-point minimum.
We redeemed ours for Home Depot gift cards and got $175 off a Weber BBQ and now husband just got the card and we will book our interisland Hawaii flights with the bonus points. Straightforward program and easy to use.
GYM,
Gift cards are such a low value, I’m surprised you guys used your points for that.
Great review Barry. However, I consider the combination of the Scotia Passport Visa Infinite and Scotia’s rewards program far superior because of the absence of foreign transaction fees. I think that’s paramount when selecting a travel rewards card (and its associated rewards program) because you are obviously interested in travel and presumably some portion of your travel is outside of Canada. If you’re retired like we are and spend a good portion of your year outside the country, those 2.5% (or higher) fees add up quickly and can dwarf the $100-$200 in annual card fees. The bottom line is everyone should run the numbers based on their own spending patterns to determine which card and rewards program will deliver the best value. In our case, it wasn’t even close.
Hey Mike,
In my ranking of all the programs, I have TD at #6 and Scotia at #3 so I agree with your assessment. Although TD doesn’t have a card with no forex fees, there are many cards without an annual fee and with no froex fees so I don’t consider that a major deal-breaker.
Hi Barry,
I agree that it shouldn’t be a must-have “deal-breaker.” But I do believe forex fees is something people should definitely be taking into account when estimating total return value and comparing travel cards and travel rewards programs. For some who only spend two weeks outside Canada every year, it won’t make a big difference, but they shouldn’t ignore it.
I really love your articles.
Like Mike said, there are programs out there that are better than this for a lot of people. Really read the small print before choosing. I completely agree on that foreign exchange thing. It’s got me really looking at the Amazon credit card for Canada right now because TD is really biting me on that.
I’d love to see you write a piece comparing the travel dollar values of these ‘point collection programs’ (for example: td versus scotia versus pc).
Although maybe you have and I just haven’t found that article yet.
K 🙂
Hey Kim,
Although I haven’t compared any programs head to head, I do have reviews for almost every individual program. I also have a general article ranking all of the programs.
https://www.moneywehave.com/canadas-bank-travel-rewards-programs-ranked/
[…] TD Rewards is a good program and I recommend it to anyone who wants an easy program to understand. However, TD Rewards still ranks low compared to others for a few reasons. Although you can redeem 200 points for $1 off ExpediaForTD, you need 250 points for $1 when using the Book Any Way feature which decreases the value of your points. […]