CIBC Aventura® Visa* Card for Business vs TD Business Travel Visa* Card

Both business cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.

CIBC Aventura® Visa* Card for Business

2.7

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Our review Rewards calculator

TD Business Travel Visa* Card

3.5

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Our review Rewards calculator

Worked out on a typical small business spending $4,000 a month. Enter yours to see your own numbers.

$1,050

First-year value

$1,392

$230

Every year after

$492

TD Business Travel Visa* Card is worth $343 more to your business in year one.

It stays ahead after that, by $263 a year.

How the first year adds up

Rewards and the welcome bonus in, the annual fee, FX fees and employee cards out, at your spending.

$529.68

in CIBC Aventura points a year

Annual rewards

$821.4

in TD Rewards points a year

+ $700

first year only

Welcome bonus

+ $900

first year only

$120− $0

$120 from year two

Annual fee

− $149

− $180

2.5% on $600/mo

FX fees

− $180

2.5% on $600/mo

$1,049.68

First-year value

$1,392.4

Where each card earns

A year of your spending on each card, category by category, biggest spend first.

CIBC Aventura® Visa* Card for Business earns more on 6 of your 17 categories, TD Business Travel Visa* Card on 5.

$126

at 1x

All Other Business Expenses

$12,600 a year

$126

at 2x

$61.44

at 1x

US Dollar Purchases

$6,150 a year

$184.5

at 6x

$48

at 1x

Recurring Bills & Subscriptions

$4,800 a year

$144

at 6x

$54

at 1.5x

Gas & EV Charging

$3,600 a year

$36

at 2x

$36

at 1x

Dining & Restaurants

$3,600 a year

$108

at 6x

$30

at 1x

Office Supplies

$3,000 a year

$30

at 2x

$24

at 1x

Phone, Internet & Cable

$2,400 a year

$24

at 2x

$27

at 1.5x

Hotels

$1,800 a year

$18

at 2x

$18

at 1x

Shipping & Courier

$1,800 a year

$18

at 2x

$18

at 1x

Accounting & Bookkeeping

$1,800 a year

$18

at 2x

$12.24

at 1x

Other Foreign Currencies (EUR, GBP, etc.)

$1,230 a year

$36.9

at 6x

$12

at 1x

Electronics & Software

$1,200 a year

$12

at 2x

$18

at 1.5x

Air Canada

$1,200 a year

$12

at 2x

$18

at 1.5x

Transportation

$1,200 a year

$36

at 6x

at 1.5x

Other Airlines

$600 a year

at 2x

at 1.5x

Car Rental

$600 a year

at 2x

at 1.5x

Other Travel

$600 a year

at 2x

$529.68

Rewards in a year

$821.4

Welcome bonus

Each offer as the issuer words it, then which milestones your spending reaches.

CIBC Aventura® Visa* Card for Business

Earn a total of up to 70,000 Aventura Points (up to $1,600 in travel value^†):

A welcome bonus of 20,000 Aventura Points when you make your first purchase at any time.
Additional bonus of 10,000 Aventura Points when the first purchase is made within the first 4 monthly statement periods^†
40,000 Aventura Points when $35,000 or more is spent in the first 12 monthly statement periods^†

Plus, get a one-time annual fee rebate for the Primary Cardholder (up to $180) and three Authorized Users (at $50 each): up to $330 value^†

TD Business Travel Visa* Card

Earn up to $1,300 in value^μ, which includes up to 200,000 TD Rewards Points^Π, and an Annual Fee Rebate for the first year for the Primary Business Cardholder and first four Additional Cardholders^Π. Conditions Apply. Account must be approved, open and in Good Standing. Offer effective as of March 2, 2026.

Earn a Welcome Bonus of 30,000 TD Rewards Points when the Primary Business Cardholder¹ makes their first Purchase with their new Card^Π.
Earn 120,000 TD Rewards Points when the Primary Business Cardholder¹ spends $15,000 within 180 days of Account opening.^Π
Earn 30,000 TD Rewards Points when the Primary Business Cardholder¹ spends $25,000 within 365 days of Account opening.^Π
Earn a 15 Month Bonus of 20,000 TD Rewards Points, one Purchase of any amount must be charged and posted to your Account on the last day of the 15-month billing period after Account opening. ^Π
Get an Annual Fee rebate for the first year for the Primary Business Cardholder and four Additional Cardholders^Π, ¹. Account must be approved, open and in Good Standing. Additional Cardholders must be added by while the offer is in effect. Offer effective as of March 2, 2026.

Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise indicated.

CIBC Aventura® Visa* Card for Business

Worth $700 at your spending

20,000 points after first purchase at any time

20,000 pts

10,000 points after first purchase if within the first 4 months

10,000 pts

40,000 points when you spend $35,000 in the first 12 months

40,000 pts

TD Business Travel Visa* Card

Worth $900 at your spending

30,000 points after first purchase by Primary Business Cardholder

30,000 pts

120,000 points after $15,000 in spending within the first 180 days by Primary Business Cardholder

120,000 pts

30,000 points after $25,000 in spending within the first 365 days by Primary Business Cardholder

30,000 pts

20,000 points after one purchase posted on your account by the last day of the 15-month billing period (card year 2)

20,000 pts

Fees, rates and eligibility

What each card costs to hold and to use abroad, and who it's for.

$120

$0 the first year

Annual fee

$149

$50 (up to 9)

Employee cards

$49

2.5%

Foreign transaction fee

2.5%

CIBC Aventura

Rewards

TD Rewards

Visa

Network

Visa

CIBC Aventura® Visa* Card for Business

Interest rates

Purchase:

19.99%(1)

Cash Advance:

21.99%(1)

Recommended credit score

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Income required

Min Personal Income:

$35,000

Min Household Income:

N/A

TD Business Travel Visa* Card

Interest rates

Purchase:

19.99%

Cash Advance:

22.99%

Recommended credit score

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Income required

Min Personal Income:

N/A

Min Household Income:

N/A

How each card earns

The earn rates and caps, as each issuer sets them.

CIBC Aventura® Visa* Card for Business

2 points for every $1 spent on eligible travel purchased through the CIBC Rewards Centre.²(CIBC by Expedia³)
1.5 Points for every $1 spent on eligible gas and electric vehicle charging⁴. Accelerate your savings with up to 10 cents off per litre on eligible gas.
1.5 points for every $1 spent on travel such as airlines, hotels, car rental agencies, cruise lines, travel agencies or tour operators, tour buses or bus lines⁴
1.5 points for every $1 spent on transportation such as local and suburban commuter passenger transportation, ferries, local water transportation, railways, limousines or cabs⁴
1.5 points for every $1 spent on eligible transportation services such as parking, tolls and truck rentals⁴
1 point for every $1 spent on all other purchases⁵

TD Business Travel Visa* Card

Earn 9 TD Rewards Points²when you book travel online through ExpediaForTD.com⁷ using your Card
Earn 6 TD Rewards Points for every $1 you spend on Dining⁴, Electric Vehicle Charging²⁵, Public Transit²⁶
Earn 6 TD Rewards Points for every $1 you spend on Streaming, Digital Gaming & Media Purchases and recurring bill payments⁵
Earn 6 TD Rewards Points for every $1 you spend on Foreign Currency Purchases³
Earn 2 TD Rewards Points for every $1 you spend on business purchases made using your Card⁶

Insurance and perks

What both cards include comes first in each list.

CIBC Aventura® Visa* Card for Business

Insurance

Lost or Stolen Baggage

$500

Baggage Delay

$500

Car Rental Damage & Theft

Up to 48 days (Max car MSRP of $85K)

Common Carrier Travel Accident Insurance

$500,000

Extended Warranty

1 year

Purchase Protection

90 days

Trip Cancellation

$1,000

Trip Interruption

$2,000

Flight Delay

$500

Perks

No extra perks.

TD Business Travel Visa* Card

Insurance

Lost or Stolen Baggage

$1,000

Baggage Delay

$1,000

Car Rental Damage & Theft

Included

Common Carrier Travel Accident Insurance

Up to $500,000

Extended Warranty

1 year

Purchase Protection

90 days

Trip Cancellation

$1,500

Trip Interruption

$5,000

Flight Delay

$500

Travel Medical Insurance (64 & under)

Up to 15 days, for up to $2M

Perks

Car Rental Discount

Save with Avis Rent A Car and Budget Rent A Car. Use your TD Credit Card to save a minimum of 10% of the lowest available base rates(8,9) in Canada and the U.S., and a minimum of 5% of the lowest available base rates(8,9) internationally, on qualifying car rentals at participating Avis and Budget locations.

Extra points

Link your eligible Card to earn 50% more Stars at participating Starbucks stores. Conditions apply.

Our take

CIBC Aventura® Visa* Card for Business

If your business flies Air Canada regularly, this card pays for itself quickly. You get 2x Aeroplan points across a broad set of categories — travel, dining, shipping, telecom — plus tangible perks like free checked bags and Maple Leaf Lounge guest passes. The welcome offer of up to 75,000 points is generous, and the first-year fee is rebated. The catch: bonus earning is capped at $80,000 in annual purchases across the entire account, and the card’s value drops sharply if you don’t redeem through Aeroplan. Not the right pick for businesses that want cashback simplicity or fly with multiple airlines.

First-year annual fee rebate
Welcome offer up to 75,000 Aeroplan points
Free first checked bag for the cardholder + companions
Up to 4 Maple Leaf Lounge one-time guest passes per year (earned via spend)

$180 annual fee
Best value is for Air Canada / Aeroplan loyalists
Bonus earning capped at $80,000 annual spend
Welcome bonus requires significant spend to maximize ($40,000 in year one)
Not a simple “cash back” style card for businesses that want easy redemption

TD Business Travel Visa* Card

The highest earn rates in the TD business lineup — up to 9x on Expedia for TD bookings, 6x on dining, and 4x on recurring bills and foreign currency purchases. The welcome bonus of up to 200,000 TD Rewards Points plus a first-year fee rebate makes it especially compelling in year one. The key question is how you redeem: points are worth the most through Expedia for TD travel bookings, but significantly less for other redemptions. If your business books travel regularly and you’re comfortable using the TD portal, this card delivers strong value. Otherwise, the $149 annual fee and modest base earn rate make it harder to justify.

Generous welcome bonus
High earn rates
Strong travel insurance package
Points don’t expire as long as the account is in good standing

Best redemption value limited to Expedia for TD bookings
$149 annual fee
Additional cards cost $49

More business card comparisons

Each card against every other business card we review.

CIBC Aventura® Visa* Card for Business

TD Business Travel Visa* Card

Legal

CIBC Aventura® Visa* Card for Business

^‡The CIBC and Skip+ Program consists of a: (i) 12-month free trial of a Skip+ membership, (ii) Skip welcome voucher, and (iii) discounted Skip+ subscription fee after the trial period ends (collectively, the “Offer”). To participate in the CIBC and Skip+ Program and receive the Offer, an eligible CIBC cardholder must: (i) actively opt-in to the Program by linking their eligible CIBC card with their Skip account through the Skip app or Skip website, and (ii) pay using their eligible CIBC card at checkout on eligible Skip+ orders (excluding payments made using a CIBC card through third party digital wallets). Following the end of the 12-month Skip+ free trial period, your Skip+ subscription will automatically renew at $6.99 plus tax per month (while available and subject to change) unless you cancel your subscription earlier or the Program or Offer ends.

Existing terms of your CIBC rewards program, credit card account and debit card continue to apply. Program and Offer subject to Skip+ membership terms and condition. Program may end at any time without notice. Offer may be withdrawn or changed without notice at any time, including without limitation, changes to the discounted monthly Skip+ subscription fee, the welcome voucher, and the length of time the discounted monthly Skip+ subscription fee is available. Conditions apply. For full terms and conditions, CIBC and Skip+ partnership page.

^♢As part of the Skip+ program, subscribers are entitled to at least the following loyalty Benefits:

$0 delivery fee on orders placed at participating Partners, subject to a minimum spend of at least $15 (before associated taxes) in order to benefit from the Free Delivery Promotion. Such minimum order value may vary depending on the Partner selected, but will always be shown to you before placing your order on the platform. Participating partners may change at any time.

Discounted service fees: A saving of at least 40% off the regular Services Fees charged. Participating partners only. Participating partners will be identifiable when placing an order through the use of the Skip+ logo. You can check the Service Fee charged by each participating partner in the partner menu. Service Fees in general may vary between partners and locations.

Skip+ Members will be entitled to exclusive and/or priority access to promotions offered by Skip and its partners from time to time, provided you have not opted out of receiving marketing communications from Skip.

Additional promotional benefits, offers and rewards may additionally be made available from time to time, subject to any additional terms published alongside those offers or rewards.

Read the full program terms and conditions.

^†To qualify for this offer, applications for a new CIBC Aventura® Visa* Card for Business must be submitted and approved beginning October 29, 2025.

In order to be eligible for this offer, client must abide by the terms and conditions set out in this footnote.

If an application for a new CIBC Aventura® Visa* Card for Business is submitted and approved, the Primary Cardholder can receive:

a) A welcome bonus of 20,000 Aventura Points after the first purchase is made at any time on the Credit Card Account.

b) Additional bonus of 10,000 Aventura Points after the first purchase is made within first 4 monthly statement periods.

c) An additional bonus of 40,000 Aventura Points if you have at least $35,000 in net purchases posted to the Credit Card Account during the first 12 monthly statement periods.

d) A one-time annual fee rebate for the Credit Card Account, including the Primary Cardholder and all Authorized Users set up at the time of the application.

Offer applies to newly approved Credit Card Accounts; transfers from another CIBC credit card to any CIBC Aventura® Visa* Card for Business (regardless of the annual fee) are excluded.

Credit Card Account must be open and in Good Standing at the time the Aventura Points are awarded. Aventura Points are awarded to the Primary Cardholder within 8 weeks after all qualifying net Purchase(s) are posted to the credit card account. The following do not qualify as Purchases: Cash Advances, Balance Transfers, CIBC Convenience Cheques, interest, fees, payments, and Aventura Points redemptions. It may take up to several business days for purchases to be posted to the Credit Card Account. This offer is non-transferable. This offer may be withdrawn or changed without prior notice at any time. CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Aventura card within the last 12 months. This offer may be revoked if the Business or any Cardholder appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion.

This offer does not apply to annual fees for additional Cards that are added after the application is submitted. This offer applies for the first year only. If the Business qualifies for the rebate, it will be awarded to the Credit Card Account and will appear as a credit against the applicable annual fee(s) within 2 statements after the eligible Credit Card Account is opened. The new Credit Card Account must be open and in Good Standing at the time the rebate is awarded.

If the application for an eligible card is not approved, you may be considered for another card (as disclosed in the credit card application). If the application is approved for that card, this annual fee rebate offer will apply in the amount of the annual fee, if any, of the alternate card or Credit Card Account, as applicable.

The over $1,800 value is based on the combined total value of: the maximum redemption value of $1,600 for 70,000 Aventura Points on two long-haul airfares ($800 travel value each), based on the Aventura Airline Rewards Chart, before taxes and other charges, as of March 1, 2023; and an annual fee rebate for the first year (up to $180) for the Primary Cardholder and three additional cards ($150).

For full details, review the maximum ticket prices and Aventura Flight Rewards Chart at the CIBC Rewards Centre. Some airlines may impose fees, restrictions or other conditions on air travel.

To obtain an Airline Travel Reward using the Aventura Airline Rewards Chart, you must redeem at least 80% of the total number of Aventura Points required to purchase it. If you don’t have enough Aventura Points to purchase an Airline Travel Reward in full (but have at least 80% of the required number of Aventura Points), you may have the Centre charge an amount to your Card to cover the Points Deficit, excluding Taxes and Other Charges. For a business class flight, you may have the Centre charge an amount to your Card to cover the Points Deficit for an economy class ticket in the same flight segment as the business class ticket you want, excluding Taxes and Other Charges. If you have the Centre charge an amount to your Card to cover the Points Deficit for an Airline Travel Reward and you are advised that the Aventura Travel Reward is refundable, then, in the event of a refund, the amount previously charged to your Card will not be refunded to your Credit Card Account and instead you will receive Aventura Points equal to the Points Deficit.

Capitalized terms used and not defined herein have the meanings given to them in the CIBC Business Cardholder Agreement (Personal Liability).

¹Interest rates may change from time to time. "Purchase" means card purchases less returns and does not include: Cash Advances, Balance Transfers and CIBC Convenience Cheques. "Cash" means Cash Advances, Balance Transfers and CIBC Convenience Cheques.

For CIBC Aventura Visa Card for Business with an annual fee of $180: the annual interest rates are 12.99%, 15.99% or 18.99% for Purchases and 14.5%, 17.5% or 21.5% for Cash Advances, Balance Transfers and CIBC Convenience Cheques. The annual interest rates assigned to the Account will be based on your personal credit bureau and other information at the time the request is processed.

For CIBC Aventura Visa Card for Business with an annual fee of $120: the annual interest rates are 19.99% for Purchases and 21.99% for Cash Advances, Balance Transfers and CIBC Convenience Cheques.

²Bonus (double) Aventura Points are earned on each dollar charged to the card on CIBC Rewards Centre travel purchases other than taxes, insurance, service charges or similar items. Aventura Points are not earned on travel obtained by redeeming Aventura Points.

³CIBC is not a travel supplier or a travel agency. Independent third party service providers and suppliers may provide supplies and services for CIBC by Expedia, including the Website. CIBCByExpedia.com website is operated by Expedia, Inc. All travel services are provided by Expedia, Inc., Tour East Holidays (Canada) Inc. (as air ticket fulfilment service provider for Expedia, Inc.). Additional Expedia terms and conditions apply.

⁴Earn 1.5 Aventura Points on each $1.00 in purchases (net of and/or less returns) at merchants classified in the credit card network as service stations/automated gas dispensers, electric vehicle charging with a merchant category code of MCC 5552, airlines, hotels, car rental agencies, cruise lines, travel agencies/tour operators, tour buses/bus lines, local/suburban commuter passenger transportation, ferries, local water transportation, railways, limousines/cabs and certain other transportation services (such as parking, tolls and truck rentals).

The 1.5 bonus Aventura Points offer is only available on the first $80,000 in net annual card purchases on the account (meaning all card purchases by all cardholders, at any type of merchant); after which, Aventura Points are earned at the regular rate on net card purchases. The $80,000 annual limit will reset to zero on the day after the December statement is printed.

Terms, conditions and eligible merchant categories may change at any time without notice.

⁵Aventura Points are earned on card purchases less returns, and not on Cash Advances, Balance Transfers, CIBC Convenience Cheques, interest, fees, payments or Aventura Points redemptions.

Aventura Points may not be credited if the CIBC Aventura Visa Card for Business account is not in Good Standing during a monthly statement period (otherwise Aventura Points earned in the monthly period are cancelled). Aventura Program is subject to change; refer to rewards.cibcrewards.com.

⁶Aventura Points will be cancelled if they remain unredeemed for 60 days after you voluntarily close your Aventura credit card account or within 12 months of the primary cardholder’s death.

⁷Aventura Points can be redeemed when purchased through the CIBC Rewards Centre. For complete details, visit CIBC Rewards Centre at cibcrewards.com

⁸Only the Primary Cardholder is permitted to perform a “Payment with Points” or “Financial Product with Points” redemption. Other Cardholders are not eligible. Redemptions are non-refundable, non-exchangeable and non-transferable unless you are advised otherwise. Requested redemption amount must be equal to or less than the available points balance. Points to dollars conversion ratio is determined by CIBC and can be changed at any time without notice. Payment with Points redemption towards credit card balances will be reflected within five business days. Information on using Points towards outstanding principal and CIBC financial products, including registered savings accounts and Investor’s Edge accounts, can be found on the CIBC Payment with Points page.

All Aventura Program rewards displayed above are subject to availability.

⁹CIBC Rewards Program clients may “transfer,” which means move, the Aventura points earned from eligible Aventura credit card accounts, where they are the primary cardholder or Rewards Officer. Transferring Points can be done between Aventura credit cards through the CIBC Rewards Centre or by calling 1-888-232-5656. Authorized Users cannot perform points transfer transactions, but will be able to view any points transfer activity on the Primary’s account in their account history. Points entered must be positive and within the minimum of 1 and the maximum of total points available in the account, at the time of performing points transfers. The Credit Card Accounts that you wish to transfer points between must be in good standing.

¹⁰Aventura Points can be redeemed for up to 100% of the cost of airfare as well as (if you have sufficient points) for taxes and other charges on airfare purchased through the CIBC Rewards Centre. You must book all flights through the CIBC Rewards Centre. Some taxes and other charges may be collected locally or when you are travelling, and cannot be prepaid. Ask an Aventura Travel Assistant for details.

¹¹Insurance coverage(s) included with CIBC credit cards are underwritten by Belair Insurance Company Inc. You may contact the insurer at 1-866-363-3338 in Canada and the U.S. or collect from elsewhere at 905-403-3338 or visit cibc.client.insure. Different cards will have different coverage(s). To learn about which coverage(s) are included with a specific card, and important information regarding coverage eligibility requirements, benefits, limitations and exclusions, review the Certificate(s) of Insurance in your card package and CIBC Agreements and Insurance. Some insurance coverage(s) require purchase(s), car rentals, common carrier fares, accommodations and other trip costs to be charged to the card, or be for business purposes, to activate coverage. Other conditions may also apply. Car Rental Collision/Loss Damage Insurance (CLDI) is available for a rental period of up to 48 days for rental vehicles with a MSRP of up to $85,000 CAD and not otherwise excluded from coverage. The full cost of the rental must be charged to the card and the rental agency’s Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) must be declined. CLDI provides coverage up to the actual cash value (ACV) of the rental vehicle as defined in your Certificate of Insurance. Note that some rental agencies may assess their damages at an amount greater than the ACV of the rental vehicle and you may be liable to them for the difference. Before declining the rental agency's CDW or LDW, you should read carefully and compare the terms of the rental agreement, the CLDI Certificate of Insurance in your card package and any other insurance you own to decide which coverage best meets your protection needs. Trip Cancellation and Trip Interruption Insurance may not cover certain health/medical conditions that are not stable before your trip. Certain coverages are “excess insurance” (all other sources of insurance and recovery must be exhausted before coverage is available).

¹²CIBC Travel Insurance is underwritten by member companies of The Co-operators, and is administered by TIC Travel Insurance Coordinators Ltd. No insurance is payable for any pre-existing condition unless you have applied and qualified for pre-existing condition coverage and received a Guarantee of Coverage from the insurer. A detailed summary of the terms, conditions, limitations, exclusions and other provisions are contained in the Certificate of Insurance, which you receive upon purchase.

All information is valid at the time of publication and is subject to change without notice.

Trademarks

TD Business Travel Visa* Card

^μ Effective as of January 13, 2026. The value of up to $1,247 could be earned in the first year of Account approval and is based on the combined value of:

$247: Annual Fee Rebate for the Cardholder ($149) who is the Individual Borrower and up to two Annual Fee Rebates for two Additional Cardholders ($49 each) for the first year; Additional Cardholders must be added to the Account by while this Offer is in effect.

$1,000: 200,000 TD Rewards Points earned based on the following requirements:

Welcome Bonus of 30,000 TD Rewards Points earned when a Cardholder who is the Individual Borrower makes their first Purchase with the Card (travel value at Expedia For TD of $150);
Monthly Bonus of 10,000 TD Rewards Points per month ("Monthly Bonus") (up to a total maximum of 120,000 TD Rewards Points) earned when a Cardholder who is the Individual Borrower spends at least $2,500 in net Purchases each month during the first 12 months after Account approval. To qualify for the Monthly Bonus, must have at least $2,500 in net Purchases posted to your Account each month by the last day of each monthly billing period. (travel value at Expedia For TD of $600);
PAP Bonus up to 30,000 TD Rewards Points earned when you set up new regularly recurring bill payments (travel value at Expedia For TD of $150);
15 Month Bonus of 20,000 TD Rewards Points ("15 Month Bonus") earned when a Cardholder who is the Individual Borrower charges one purchase of any amount to the Card by the last day of the 15 month billing cycle. To qualify for the 15 Month Bonus, the purchase must be posted to your Account by the last day of the 15 month billing cycle. (travel value at Expedia For TD of $100);

^Π Effective as of January 13, 2026. Promotional Offer includes a Welcome Bonus, Monthly Bonus, PAP Bonus, 15 Month Bonus and Annual Fee Rebate Offer (described below and collectively the "Offer"): is only available to a new TD Business Travel Visa* Card Account with an Annual Fee of $149 ("Account") and is only provided to the Cardholder who is the individual who requested the Account as indicated in our records (the "Individual Borrower"). The new TD Business Travel Visa* Card Account must be approved, open and in Good Standing while the Offer is in effect.

Welcome Bonus of 30,000 TD Rewards Points ("Welcome Bonus") will be awarded to the Cardholder who is the Individual Borrower of the Account only after the first Purchase is made on the Account. The “Cardholder” means the Individual Borrower of the Account who is issued the TD Business Travel Visa* Card account with an Annual Fee of $149.

To qualify for a monthly bonus of 10,000 TD Rewards Points ("Monthly Bonus"), the Cardholder who is the Individual Borrower must have at least $2,500 in net Purchases posted to their Account each month by the last day of each monthly billing period in the first 12 months after Account approval, up to a total maximum of 120,000 Monthly Bonus Points. Once you have earned 120,000 Monthly Bonus Points in the first 12 months following Account approval, you will no longer be eligible for additional Monthly Bonus Points. Purchases made during a billing period but posted after the end of that billing period will not count toward eligible Purchases for that month but will count toward eligible Purchases for the next billing period. For example, if your monthly billing period is from December 5 to January 5, a Purchase that is made on January 4 (transaction date) and posts on January 5 (posting date) will not count as an eligible Purchase for that month but will count towards spend in the next month's billing period. If the December 5 to January 4 period was your 12th monthly billing period, then the Purchase that was made on January 4 and posted on January 5 would not count toward this Offer.

The PAP Bonus of 30,000 TD Rewards Points Recurring Bill Payment Promotional Offer ("PAP Bonus"), only applies to TD Business Travel Visa* Card accounts (the “Account”) that are open, active, in good standing while this Offer is in effect and have set up Eligible Recurring Bill Payments set up on the Account within 6 months of Account approval. The Individual Borrower Cardholder can earn up to 30,000 TD Rewards points depending on the number of Eligible Recurring Bill Payments set up on the Account within 6 months of Account approval. The Recurring Bonus is calculated as follows: (i) 15,000 bonus TD Rewards points for 1 new Eligible Recurring Bill Payment, or (ii) 30,000 bonus TD Rewards points for two new Eligible Recurring Bill Payments. "Eligible Recurring Bill Payments” consist of a maximum of two new bill payments that are classified as recurring by the merchant through the Visa network and set up on the Individual Borrower Business Cardholder's Account that are registered and charged to the Account within 6 months of Account approval. Eligible Recurring Bill Payments already set up on the Account prior to January 13, 2026, are not eligible for the PAP Bonus Offer. Please allow eight - twelve weeks after the 6 month Offer Period and for the Eligible Recurring Bill Payment to be registered and charged to the Account for the Recurring Bonus to be applied to your Account.

The Annual Fee rebate portion of this Offer ("Annual Fee Rebate Offer") is available only for the first year after Account approval, for the (i) Cardholder who is the Individual Borrower, and (ii) the first two Additional Cards issued for the same Business Borrower if any. Effective as of January 13, 2026. Account must be approved, open and in Good Standing while this Offer is in effect. To receive the first-year annual fee rebates for the first two Additional Cardholders ("Additional Cardholder Annual Fee Rebate"), you must add your Additional Cardholders to your Account while the Offer is in effect. The Annual Fee for any subsequent years and the Additional Card Annual Fee for more than two Additional Cards issued to the same Business Borrower will continue to apply. The Annual Fee will be rebated within two monthly statements from the date of the charge, provided that the TD Business Travel Visa* Card is open and in good standing at that time. Closing the TD Business Travel Visa* Card Account or transferring to another TD Credit Card may result in forfeiture of the Annual Fee rebate. The full Annual Fee will be charged for the Account and the Additional Cardholders (if applicable), after the first year.

To qualify for the 15 Month Bonus of 20,000 TD Rewards Points, one Purchase of any amount must be charged and posted to your Account by the last day of the 15-month billing period after Account approval. For example, if your Account was approved on January 13, 2026, your first billing cycle could be February 5, 2026 to March 5, 2026. Your 15-month cycle could be from April 5, 2027 to May 5, 2027.

The Offer may be changed, withdrawn, or extended at any time and cannot be combined with any other offer unless otherwise indicated. This Offer is not transferable. If you have opened an Account in the last 12 months, you will not be eligible for this Offer. We reserve the right to limit the number of $149 Accounts opened by one person, and the number of Welcome Bonus points, the Monthly Bonus points, the PAP Bonus and the 15 Month Bonus awarded to any one business. We reserve the right to amend the Offer on your Account to reflect the current Offer available at the time of your TD Credit Card activation if your Card has not been approved and while this Offer is in effect. Your Account must be open, active and in Good Standing at the time the Welcome Bonus points, Monthly Bonus points, the PAP Bonus and the 15 Month Bonus are awarded. Please allow 8-12 weeks after the conditions for each element of the Offer are fulfilled for the Welcome Bonus points, the Monthly Bonus points, the PAP Bonus and the 15 Month Bonus to be credited to the TD Business Travel Visa* Card Account associated with the Primary Business Cardholder, as designated by the Business. Closing your Account or transferring to another TD Credit Card may result in forfeiture of any bonus points not yet awarded and forfeiture of the Annual Fee rebate.

² Earn 9 TD Rewards Points for every $1 in Purchases of travel made online through Expedia For TD ("Online Travel Purchases") and charged to your TD Business Travel Visa Card Account ("Account").

Earn 6 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 Business Travel 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.

³ Earn 6 TD Rewards Points ("Foreign Currency Rebate") for every $1 in Purchases in a Foreign Currency ("Foreign Currency Purchases") charged to your TD Business Travel 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 Foreign Currency 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. $80,000 Cap: The Foreign Currency Rebate is only available to a $80,000 maximum net annual spend ("$80,000 Cap"). Once the $80,000 Cap has been reached for Foreign Currency Purchases, then any further Foreign Currency Purchases made on the Account will earn TD Rewards Points at the standard rebate rate of 2 TD Rewards Point that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rebate"). Applicability of Foreign Currency Rebate: The Foreign Currency 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 6 TD Rewards Points ("Dining Bonus Rate") on each $1 in Purchases at Eating Placing and Restaurants, Drinking Places, and Fast Food Restaurants ("Dining Purchases") charged to your TD Business Travel 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 Dining 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. $80,000 Cap: The Dining Bonus Rate is only available to a $80,000 maximum net annual spend ("$80,000 Cap"). Once the $80,000 Cap has been reached for Dining Purchases, then any further Dining Purchases made on the Account will earn TD Rewards Points at the standard rate of 2 TD Rewards Point that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rate"). Applicability of Dining Bonus Rate: The Dining Bonus Rate is in place of, and not in addition to, the Standard Rate. Merchant Category Codes: To earn the Dining Bonus Rate, the Dining Purchases must be made at merchants classified through the Visa network with a Merchant Category Code ("MCC") that identifies them as Eating Places and Restaurants, Drinking Places, and Fast Food Restaurants. Some merchants may not be classified with a Dining Purchase MCC and such Purchases will not earn the Dining Bonus Rate as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472.

⁵Earn 6 TD Rewards Points ("PAP and Streaming, Digital Gaming & Media Bonus Rate") 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 Business Travel Visa Card Account ("Account") and that are classified through the Visa network as "Recurring Bill Payments", and on "Streaming, Digital Gaming & Media Purchases". You must confirm with your merchant if they can accept Recurring Bill 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. To earn the PAP and Streaming, Digital Gaming & Media Bonus Rate when Purchase is not a Pre-Authorized Payment, the Streaming, Digital Gaming & Media Purchases must be made at merchants classified through the Visa network with a Merchant Category Code ("MCC") that identifies them as Digital Goods Media – Books, Movies, Music, Digital Goods – Games, Digital Goods – Applications, Digital Goods – Large Digital Goods Merchants, Cable, Satellite and Other Pay Television/Radio/Streaming Services. Some merchants may not be classified with a Streaming, Digital Gaming & Media MCC and such Purchases will not earn the PAP and Streaming, Digital Gaming & Media Bonus Rate as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472.

$80,000 Cap: The PAP and Streaming, Digital Gaming & Media Bonus Rate is only available to a $80,000 maximum net annual spend ("$80,000 Cap"). Once the $80,000 Cap has been reached, then any further Recurring Bill Payments or Streaming, Digital Gaming & Media Purchases made on the Account will only earn TD Rewards Points at the Standard Rate of 2 TD Rewards Points that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rate"). Applicability of PAP and Streaming, Digital Gaming, & Media Bonus Rate: The PAP and Streaming, Digital Gaming, & Media Bonus Rate is in place of, and not in addition to, the Standard Rate. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

⁶ Earn 2 TD Rewards Points ("Standard Rebate") on every $1 on all other Purchases ("Other Purchases") charged to your TD Business Travel 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.

⁷ Expedia For TD is operated by Expedia, Inc. at ExpediaForTD.com and 1-877-222-6492. The Toronto-Dominion Bank and its affiliates are not responsible for any of the services and products offered/provided by Expedia, Inc.

²⁵Earn 6 TD Rewards Points ("Electric Vehicle Charging Bonus Rate") on each $1 in Purchases in "Electric Vehicle Charging Purchases" charged to your TD Business Travel 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 Electric Vehicle Charging 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. $80,000 Cap: The Electric Vehicle Charging Bonus Rate is only available up to a $80,000 maximum net annual spend ("$80,000 Cap"). Once the $80,000 Cap has been reached for Electric Vehicle Charging Purchases, then any further Electric Vehicle Charging Purchases made on the Account will earn TD Rewards Points at the Standard Rate of 2 TD Rewards Points that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rate"). Applicability of Electric Vehicle Charging Rate: The Electric Vehicle Charging Bonus Rate is in place of, and not in addition to, the Standard Rate. Merchant Category Codes: To earn the Electric Vehicle Charging Bonus Rate, the Electric Vehicle Charging Purchases must be made at merchants classified through the Visa network with a Merchant Category Code ("MCC") that identifies them as Electric Vehicle Charging. Some merchants may not be classified with an Electric Vehicle Charging Purchase MCC and such Purchases will not earn the Electric Vehicle Charging Bonus Rate as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472.

²⁶ Earn 6 TD Rewards Points ("Public Transit Bonus Rate") on each $1 in Purchases in "Public Transit Purchases" charged to your TD Business Travel 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 Public Transit 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. $80,000 Cap: The Public Transit Bonus Rate is only available up to an $80,000 maximum net annual spend ("$80,000 Cap"). Once the $80,000 Cap has been reached for Public Transit Purchases, then any further Public Transit Purchases made on the Account will earn TD Rewards Points at the Standard Bonus Rate of 2 TD Rewards Points that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rate"). Applicability of Public Transit Bonus Rate: The Public Transit Bonus Rate is in place of, and not in addition to, the Standard Rate. Merchant Category Codes: To earn the Public Transit Bonus Rate, the Public Transit Purchases must be made at merchants classified through the Visa network with a Merchant Category Code ("MCC") that identifies them as Local and Suburban Commuter Passenger Transportation, including Ferries. Some merchants may not be classified with a Public Transit Purchase MCC and such Purchases will not earn the Public Transit Bonus Rate as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472.