Scotia Momentum® for business Visa* Card

TD Business Travel Visa* Card

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Scotia Momentum Business Visa vs TD Business Travel Visa* Card

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

Scotia Momentum® for business Visa* Card

4.6

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TD Business Travel Visa* Card

3.5

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

$819

First-year value

$1,392

$559

Every year after

$492

TD Business Travel Visa* Card is worth $574 more to your business in year one.

From year two, Scotia Momentum Business Visa pulls ahead by $66 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.

$817.8

cash back a year

Annual rewards

$821.4

in TD Rewards points a year

+ $260

first year only

Welcome bonus

+ $900

first year only

− $79

Annual fee

− $149

− $180

2.5% on $600/mo

FX fees

− $180

2.5% on $600/mo

$818.8

First-year value

$1,392.4

Where each card earns

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

Scotia Momentum Business Visa earns more on 4 of your 17 categories, TD Business Travel Visa* Card on 3.

$126

at 1%

All Other Business Expenses

$12,600 a year

$126

at 2x

$61.5

at 1%

US Dollar Purchases

$6,150 a year

$184.5

at 6x

$144

at 3%

Recurring Bills & Subscriptions

$4,800 a year

$144

at 6x

$108

at 3%

Gas & EV Charging

$3,600 a year

$36

at 2x

$108

at 3%

Dining & Restaurants

$3,600 a year

$108

at 6x

$90

at 3%

Office Supplies

$3,000 a year

$30

at 2x

$24

at 1%

Phone, Internet & Cable

$2,400 a year

$24

at 2x

$18

at 1%

Hotels

$1,800 a year

$18

at 2x

$36

at 2%

Shipping & Courier

$1,800 a year

$18

at 2x

$36

at 2%

Accounting & Bookkeeping

$1,800 a year

$18

at 2x

$12.3

at 1%

Other Foreign Currencies (EUR, GBP, etc.)

$1,230 a year

$36.9

at 6x

$12

at 1%

Electronics & Software

$1,200 a year

$12

at 2x

$12

at 1%

Air Canada

$1,200 a year

$12

at 2x

$12

at 1%

Transportation

$1,200 a year

$36

at 6x

at 1%

Other Airlines

$600 a year

at 2x

at 1%

Car Rental

$600 a year

at 2x

at 1%

Other Travel

$600 a year

at 2x

$817.8

Rewards in a year

$821.4

Welcome bonus

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

Scotia Momentum Business Visa

Earn 5% cash back on up to $6,500 in purchases in the first 3 months.¹ Plus, pay 2.99% on balance transfers for the first 6 months.¹

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.

Scotia Momentum Business Visa

Worth $260 at your spending

5% cash back on up to $6,500 in 3 months

$260

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.

$79

Annual fee

$149

$29

Employee cards

$49

2.5%

Foreign transaction fee

2.5%

Cash back

Rewards

TD Rewards

Visa

Network

Visa

Scotia Momentum Business Visa

Interest rates

Purchase:

19.99%

Cash Advance:

22.99%

Balance Transfer:

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

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.

Scotia Momentum Business Visa

3% cash back on eligible gas station, restaurant and office supply store purchases, and on eligible recurring bill payments²
2% Cash Back on Shipping and Accounting and Bookkeeping Services²
1% cash back on all other everyday purchases for your business²
25-day interest-free grace period on new purchases³

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.

Scotia Momentum Business Visa

Insurance

Car Rental Damage & Theft

Yes

Extended Warranty

1 year

Purchase Protection

90 days

Travel Medical Insurance (64 & under)

Up to 8 days

Travel Medical Insurance (65 to 75)

Up to 3 days

Perks

No extra perks.

TD Business Travel Visa* Card

Insurance

Car Rental Damage & Theft

Included

Extended Warranty

1 year

Purchase Protection

90 days

Travel Medical Insurance (64 & under)

Up to 15 days, for up to $2M

Lost or Stolen Baggage

$1,000

Baggage Delay

$1,000

Common Carrier Travel Accident Insurance

Up to $500,000

Trip Cancellation

$1,500

Trip Interruption

$5,000

Flight Delay

$500

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

Scotia Momentum Business Visa

One of the strongest cashback cards for businesses that spend heavily on gas, dining, office supplies, and recurring payments — 3% back in those categories with a generous $50,000 annual cap. At just $79/year, it doesn’t take much spending to come out well ahead. The 1% base rate on everything else is decent too. It comes with a very strong cash back welcome bonus, and the promotional 2.99% balance transfer rate can be useful if you’re consolidating business debt. Skip this if you want travel perks or lounge access — it’s purely a cashback play, and a good one.

Strong cashback
High annual spending cap
Reasonable annual fee
Promotional balance transfer rate
Interest-free grace period
Low-fee employee cards
Visa SavingsEdge discounts
Extensive travel medical insurance

Foreign transaction fees
Limited travel perks
Annual redemption
Basic insurance

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.

Scotia Momentum Business Visa

TD Business Travel Visa* Card

Legal

Scotia Momentum Business Visa

¹Offer Description and Conditions: The 5% Cash Back and Introductory 2.99% Balance Transfer Rate Offer (the “Offer”) applies only to new Scotia Momentum® for business Visa* Card accounts (“Accounts”) that are opened, and any additional cards on the Account issued, between May 1, 2026 and October 31, 2026 (regardless of the date you apply for the Account) subject to the conditions below. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

Offer Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank business credit card in the past 2 years, including those that switch from an existing Scotiabank business credit card, are not eligible for the Offer. Subject to the above exclusions, Scotiabank personal credit cardholders are also eligible for the Offer. By accepting this Offer you confirm you meet all Offer eligibility requirements. We reserve the right to revoke this Offer at any time if we determine you do not meet the Offer eligibility requirements, including after you have accepted the Offer or been approved for the Account.

5% Cash Back Offer Description and Conditions: You will earn 5% cash back on the first $6,500 in eligible purchases you spend on your new Account within the first 3 months of the Account open date (the “Promotional Period”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers and cash-like transactions), interest, fees or other charges. After the Promotional Period, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Cash Back Program Rate”) described in the Scotia Momentum® for business VISA* Cash Back Program Terms and Conditions (the “Program Terms”). The 5% Cash Back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program Terms); and (ii) a “Cash Back Bonus Rate”. Cash back earned under this Offer will be credited to your Account in 2 installments so long as your Account is open and in good standing at time of payout of each: Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be credited to your Account within approximately 7 months from the Account open date; and

Regular Cash Back: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the redemption terms as set out under the Program Terms.

The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.

EXAMPLE: If the Regular Cash Back Program Rate for shipping/accounting services category is 2% then the Cash Back Bonus Rate will be 3% for that category so that you will earn a total of 5% on the amount of all eligible everyday purchases in that category during the Promotional Period.

If you make $2,000 in eligible everyday purchases in the 2% Cash Back category, your cash back earnings will be credited to your Account as follows:

the Cash Back Bonus earnings of $60 (3% x $2,000) will be applied to your Account within approximately 7 months from the Account open date if you have met the Cash Back Bonus conditions and then available for redemption (min $25) as per the Program terms applicable to your Account, and
the Regular Cash Back earnings of $40 (2% x $2,000), will be applied to your Account and available for redemption (min $25) as per the Program terms applicable to your Account.

All other terms and conditions of the Program Terms continue to apply during the Promotional Period.

Introductory 2.99% Balance Transfer Rate Offer Description and Conditions: The Introductory 2.99% Balance Transfer Rate Offer (the “BT Rate Offer”) applies only to eligible balance transfers, subject to the conditions below. This introductory rate applies for 6 months from date of Account opening (the “Promo Rate Period”). After the Promo Rate Period, the introductory 2.99% interest rate on any balance transfers made during the Promo Rate Period will increase to the preferred interest rate on cash advances (currently 22.99%). There is no balance transfer fee applicable to balance transfers made during the Promo Rate Period. This BT Rate Offer is subject to the approved credit limit on your Account as of the date of this BT Rate Offer. This means if a balance transfer amount(s) requested exceeds your approved credit limit as of the date this BT Rate Offer was provided to you, it may not be processed. This BT Rate Offer cannot be used for any Scotiabank account including to transfer a balance from another Scotiabank account, or to make a payment or deposit to another Scotiabank account. All other terms and conditions of the Program Terms continue to apply during the Promo Rate Period.

Losing your promotional rate: If we don’t receive the minimum payment on your Account by the payment due date on your statement, two consecutive times, you will lose the benefit of this promotional BT Rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 25.99% on purchases and 27.99% on Cash Advances).

How we apply payments: Your payment cannot be applied to the balance(s) of your choice: In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. See your credit card agreement for more information about how we apply payments to your Account.

Rates and Fees: The current annual fee is $79 for the primary card and $29 for each additional card (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on Cash Advances.

All rates, fees, features, and benefits are outlined in the Welcome Kit you will receive if approved and are subject to change.

²3% CASH BACK EARN RATE: You will earn 3% Cash Back on eligible purchases on your account at gas stations, electrical vehicle (EV) charging, restaurants, office supply stores, and on recurring bill payments. 3% Cash Back applies at merchants that are classified in the payment network associated with your account as: service stations (with or without ancillary services) and automated fuel dispensers; restaurants, fast food restaurants and bars; stationery and office supply stores; and recurring payments (Merchant Classification Codes (“MCC”): 5541, 5552 & 5542; 5812, 5813 & 5814; and 5111 & 5943). Recurring payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your account. Recurring payments typically include telecommunication, insurance, memberships, and subscription-based purchases. Not all merchants offer recurring payments. Please contact your merchant to confirm whether they offer recurring credit card payments. 2% CASH BACK EARN RATE: You will earn 2% Cash Back on eligible purchases on your account for shipping and accounting or bookkeeping services. 2% Cash Back applies at merchants which are classified in the payment network as shipping (MCC: 4214 and 4215) and accounting or bookkeeping services (MCC 8931). ANNUAL SPEND LIMIT ON 3% AND 2% EARN RATE CATEGORIES (the “Accelerated Earn Rates”): The combined Cash Back that can be earned on eligible purchases under the 3% and 2% earn rate categories (the Accelerated Earn Rates) will be capped at $40,000 in purchases annually. See “ANNUAL SPEND LIMITS” for more information. 1% CASH BACK EARN RATE (the “Regular Earn Rate”): You will earn 1% Cash Back on eligible Purchases made on your Account after you have reached the combined annual spend limit of $40,000 on the 3% and 2% earn categories (the “Overflow”) and on all other eligible Purchases made with the Account. ANNUAL SPEND LIMITS: There are annual limits on the Cash Back you can earn at Accelerated Earn Rates, as outlined in these Cash Back Program Terms (scotiabank.com/ terms/momentumbusiness). These limits are based on purchases posted to your account annually, calculated from the first day of the statement period of the month your account was opened (“Account opening date”). The annual spend limit resets every 12 months from the statement period of the month of your Account opening date. Once you reach the annual spend limit for any Accelerated Earn Rate(s), you will continue to earn Cash Back at the Regular Earn Rate.

³Account must be open and in good standing to earn and redeem Cash Back. You must have earned a minimum of $25 Cash Back to be able to redeem. Only primary cardholders can redeem. Supplementary cardholders are not eligible to redeem Cash Back. Cash Back will be credited to the primary cardholder’s account within 3- 5 days from the day the redemption request is made. Cash Back will be displayed and available for redemption (after monthly calculation) and posted in the next statement cycle after such calculation has been completed by us. Cash Back will continue to accrue until redemption is made. There is no limit to Cash Back that can be earned. For complete details on how to redeem Cash Back, please see the “Cash Back Program Terms and Conditions” at Scotiabank.com/ terms/momentumbusiness.

⁵Visa SavingsEdge is an automated discount program offered by Visa Canada Corporation ('Visa Canada') to eligible businesses and their authorized cardholders that hold an eligible Visa Business card and whose enrolment in the program is accepted by Visa. Under the program, cardholders can receive discounts from participating merchants each time the cardholder uses an enroled Visa Business card to make qualifying purchases of goods or services pursuant to an active discount offered by the merchant and that transaction is processed or submitted through the Visa payment system. Discounts provided will appear as credits on future credit card statements 8-10 weeks after purchase date. Visa Canada, not Scotiabank, is responsible for the Program. For details, visit www.visasavingsedge.ca. The following Scotiabank VISA Business cards are eligible for this program: Scotia Momentum for business Visa* card, Scotia Gold Passport for business Visa* card, ScotiaLine for business Visa* Card and Scotiabank Visa* Business Card.

See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

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.