scotia momentum visa no fee for business

Scotia Momentum® for business No Fee Visa* Card

TD Business Travel Visa* Card

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Scotia Momentum® for business No Fee Visa* Card 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 No Fee Visa* Card

4.4

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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.

$437

First-year value

$1,392

$302

Every year after

$492

TD Business Travel Visa* Card is worth $956 more to your business in year one.

It stays ahead after that, by $191 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.

$481.8

cash back a year

Annual rewards

$821.4

in TD Rewards points a year

+ $135

first year only

Welcome bonus

+ $900

first year only

− $0

no annual fee

Annual fee

− $149

− $180

2.5% on $600/mo

FX fees

− $180

2.5% on $600/mo

$436.8

First-year value

$1,392.4

Where each card earns

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

TD Business Travel Visa* Card earns more on 5 of your 17 categories.

$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

$48

at 1%

Recurring Bills & Subscriptions

$4,800 a year

$144

at 6x

$36

at 1%

Gas & EV Charging

$3,600 a year

$36

at 2x

$36

at 1%

Dining & Restaurants

$3,600 a year

$108

at 6x

$30

at 1%

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

$18

at 1%

Shipping & Courier

$1,800 a year

$18

at 2x

$18

at 1%

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

$481.8

Rewards in a year

$821.4

Welcome bonus

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

Scotia Momentum® for business No Fee Visa* Card

Earn 10% cash back on up to $1,500 in purchases for the first 3 months¹

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® for business No Fee Visa* Card

Worth $135 at your spending

10% cash back on the first $1,500 in 3 months

$135

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.

Annual fee

$149

Employee cards

$49

2.5%

Foreign transaction fee

2.5%

Cash back

Rewards

TD Rewards

Visa

Network

Visa

Scotia Momentum® for business No Fee Visa* Card

Interest rates

Purchase:

21.99%

Cash Advance:

23.99%

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® for business No Fee Visa* Card

1% cash back on everyday purchases for your business⁴

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® for business No Fee Visa* Card

Insurance

Extended Warranty^*

Up to a year

Purchase Protection^*

90 days

Mobile Device Insurance^*

Up to 1,000

Visa Zero Liability⁵

Liability for unauthorized transactions is $0. Restrictions and exclusions apply.

Scotia Business Loan Protection ⁶

Up to $2,000,000

Perks

Car Rental Discount⁸

Save up to 25% off base rates at participating AVIS and Budget locations

Gas Discount⁷

Get up to 6¢/L in value at Shell

Discount¹⁰

Unlock coupons for savings and rewards at participating retailers with Visa SavingsEdge

Scotia SelectPay⁹

Set up monthly installment payments for purchases over $100

Expense Management Tools¹¹

Enrol in Visa Spend Clarity to access a suite of Visa tools to manage expenses and savings

TD Business Travel Visa* Card

Insurance

Extended Warranty

1 year

Purchase Protection

90 days

Lost or Stolen Baggage

$1,000

Baggage Delay

$1,000

Car Rental Damage & Theft

Included

Common Carrier Travel Accident Insurance

Up to $500,000

Travel Medical Insurance (64 & under)

Up to 15 days, for up to $2M

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® for business No Fee Visa* Card

The Scotia Momentum for business No Fee Visa Card is a solid and affordable business credit card with straightforward cash back, everyday and business-oriented benefits, plus decent coverage. If you don't need a travel or premium-tier business credit card, this is a top option.

No annual fee
Welcome bonus
Business-oriented benefits
Business Loan Protection

Limited rewards
No premium travel perks
Foreign transaction fees

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® for business No Fee Visa* Card

TD Business Travel Visa* Card

Legal

Scotia Momentum® for business No Fee Visa* Card

¹Offer Description and Conditions: The 10% Cash Back Offer (the “Offer”) applies only to new Scotia Momentum® for business No Fee Visa* Card accounts (“Accounts”) that are opened, and any additional cards on the Account issued, between August 17, 2026 and February 28, 2027 (regardless of the date you apply for the Account) subject to the conditions below.

You will earn 10% cash back on the first $1,500 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 cash advances (including balance transfers and cash-like transactions), interest, fees or other charges or payments.

After the Promotional Period, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Regular Cash Back Program Rate”) as described in the Scotia Momentum No fee Visa* Cash Back Program Terms and Conditions (the “Program Terms”). The 10% cash back rate for any category is made up of the sum of: (i) the Regular Cash Back Program Rate (variable by category as set out under the Program Terms); and (ii) a bonus rate that will vary depending on the Cash Back Program Rate (the “Cash Back Top Up 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 Top Up 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 as described in 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 gas purchases is 1% then the Cash Back Top Up Rate will be 9% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category during the Promotional Period up to a total of $1,500 in purchases.

If you make $1,500 in eligible everyday purchases in your first 3 months in the 1% Cash Back category, your cash back earnings will be credited to your Account as follows:

the Cash Back Top Up Rate earnings of $135 (9% x $1,500) 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
the regular Cash Back Program Rate earnings of $15 (1% x $1,500), will be applied to your Account in accordance with the Program Terms.

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

Rates and Fees: There is no annual fee on this card (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 21.99% on purchases and 23.99% on Cash Advances.

⁴1% CASH BACK EARN RATE: You will earn 1% Cash Back on your Business Purchases made on your Scotia Momentum® for business No Fee Visa* Card Account.

Only Purchases earn Cash Back. Cash Advances including balance transfers and cash-like transactions fees, interest, returns, refunds or other similar credits do not qualify for Cash Back.

ANNUAL SPEND LIMITS: There are no annual limits on the Cash Back you can earn as outlined in these Cash Back Program Terms. See full terms and conditions of the “Cash Back Program Terms and Conditions” at Scotiabank.com/terms/momentum-no-fee-business.

⁵Visa's Zero Liability Policy covers Canada-issued cards and does not apply to anonymous Visa Prepaid*, Visa Purchasing, Visa Corporate, Visa Commercial, or any transactions not processed by Visa. Visa Cardholders must notify their financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please refer to your issuer cardholder documentation.

⁶Scotia Business Loan Protection is underwritten by The Canada Life Assurance Company: Tel: 1-800-387-2671, www.canadalife.com under a Group Policy issued to the Bank of Nova Scotia. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment.

⁷Cardholders with a Scene+ membership who link their Scotia Momentum® for business No Fee Visa* Card and their Scene+ account to a Shell Go+ Account can get up to 6 cents per litre in instant fuel discounts, Cash Back, and Scene+ Points Value when they purchase eligible fuel with their linked credit card:

Instant 3 cents per Litre Discount on Fuel Purchases (All Grades): Receive an instant 3 cents per litre discount on purchases of fuel (all grades) (“Fuel Purchases (All Grades)”) at participating Shell locations in Canada when you use any eligible Scotiabank debit card or credit card linked to a Shell Go+ Account, up to a maximum of 1,000 litres per month per Scotiabank debit card and per Scotiabank credit card account. This total limit resets at the start of each new month per payment card account. This discount is subject to the Scotiabank Fuel Benefit Terms and Conditions.
Earn 1 cent per Litre in Cash Back: When you use your Scotia Momentum for business Visa card on Fuel Purchases (All Grades) you will earn 1% Cash Back on eligible Net Purchases at Gas Stations (Merchant Category Codes (“MCC”: 5541, 5542). Assumes an average fuel price of at least $1.00/L. “Net Purchases” means eligible new purchases charged and posted on the Account during a statement period less, returns (including credit vouchers), refunds or other credits. Balance Transfers, Cash Advances, Cash-Like Transactions, interest charges, fees, and insurance premiums posted to your Credit Card Account are not eligible to earn Cash Back. This benefit is subject to the Scotia Momentum for business No Fee Visa Card Cash Back Program Terms and Conditions.
Scene+ Members earn up to 2 cents per Litre in Scene+ Points Value: Scene+ Members earn 1 Scene+ point for each litre in Fuel Purchases (All Grades) when they present or make available their Scene+ account number or Scene+ membership card at the time of purchase. Plus, Scene+ Members who link their Scene+ account to the Shell Go+ app will automatically earn 1 Scene+ point for each litre of V-Power^®^* gasoline or V-Power^®^* diesel purchased (“Premium Fuel Purchases”). Scene+ Points Value is based on an average redemption value of $10 for every 1000 Scene+ points redeemed on fuel purchases. Actual value may be lower depending on how you choose to redeem your Scene+ points. Earn and redemption limits may apply. See the Scene+ Program Terms and Conditions available at sceneplus.ca/terms-and-conditions for full details including redemption options and additional terms.

Note: Highest value of 6 cents per litre assumes a Premium Fuel Purchase (minimum price of $1.00 per litre) made with your Scotia Momentum for business No Fee Visa card linked to a Shell Go+ Account and with your Scene+ account also linked to the Shell Go+ account. Actual value will vary depending on whether or not the credit card is linked, fuel grade purchased, cost of fuel at time of purchase, whether or not you are a Scene+ member, and how you choose to redeem your Scene+ points.

⁸The savings of up to 25% applies to Avis base rates and is applicable only to the time and mileage charges of the rental. All taxes, fees (including but not limited Air Conditioning Excise Recovery Fee, Concession Recovery Fee, Vehicle License Recovery Fee, Energy Recovery Fee, Tire Management Fee, and Frequent Traveler Fee) and surcharges (including but not limited to Customer Facility Charge and Environmental Fee Recovery Charge) are extra. Avis Preferred Plus membership and services are provided by a third party. The Bank of Nova Scotia and its affiliates are not responsible for Avis Preferred Plus membership and services.

⁹Scotia SelectPay Conditions apply. Review Terms and Conditions for full details or visit scotiabank.com/selectpayforbusiness to learn more.

¹⁰Visa 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 enrolled 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.

¹¹The Visa Spend Clarity for Business service is provided by Visa Canada. The Bank of Nova Scotia and its affiliates are not responsible for the Visa Spend Clarity for Business service.

* Under all insurance coverages or services, certain limitations, restrictions and exclusions apply. Please see the Certificates of Insurance for full coverage details. Coverages are underwritten by First North American Insurance Company (FNAIC), a wholly owned subsidiary of The Manufacturers Life Insurance Company (Manulife). The Bank of Nova Scotia is not an insurer. If there is a conflict between the above descriptions and the Certificates of Insurance, the certificate shall prevail. Insurance inquiries or claims must be forwarded to the insurance provider.

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.