TD Low Rate Visa* Card vs TD Rewards Visa* Card: Which one is better?


TD Low Rate Visa* Card

TD Low Rate Visa* Card

3.3


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

TD Rewards Visa* Card

TD Rewards Visa* Card

2


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

N/A

Rewards Breakdown

Annual Rewards

$43.51

TD Rewards


First Year Bonus Value

$98.48

TD Rewards


Annual Fee

$0


First Year Value

$142

$43.51 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included

  • extended warranty

    Extended Warranty

    Doubled Up to 1 year
  • purchase protection

    Purchase Protection

    90 days

Insurance Included

  • extended warranty

    Extended Warranty

    Up to 1 year
  • purchase protection

    Purchase Protection

    90 days

  • mobile device insurance

    Mobile Device Insurance

    $1,000

Extra Benefits

  • car rental

    Car Rental Discount

    5% to 10% off base rate of Avis Rent A Car and Budget Rent A Car
  • reward cup

    Extra points

    Earn 50% more Stars at participating Starbucks stores

Extra Benefits

  • car rental

    Car Rental Discount

    10% off base rate of Avis Rent A Car and Budget Rent A Car
  • reward cup

    Extra points

    Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores

Interest Rates

Purchase:

12.90%1

Cash Advance:

12.90%1

Balance Transfer:

12.90%1

Interest Rates

Purchase:

19.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Annual Fee

$25

Annual Fee

$0

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus

N/A

Welcome Bonus

Earn 15,152 TD Rewards Points (a value of $50 on Amazon.ca) when you spend $500 within 90 days of Account opening. Conditions apply. Account must be approved by January 6, 2025.

Rewards Rate

  • No rewards
  • No welcome bonus or promotional interest rate
  • Interest changes with prime so you can't setup a fixed amount payment plan

Rewards Rate

  • 4x points per $1 spent on travel booked online through Expedia for TD
  • 3x points per $1 spent on eligible grocery and restaurant purchases
  • 2x points per $1 spent on eligible recurring bill payments
  • 1x points per $1 spent on all other eligible purchases

Loyalty Program

N/A

Loyalty Program

Point Redemption Options

Not Applicable

Point Redemption Options

  • Most Optimal

    expedia

    Travel via Expedia

    0.5¢ / point
  • travel - plane

    Travel

    0.4¢ / point
  • education

    Education

    0.4¢ / point
  • amazon logo

    Amazon.ca

    0.33¢ / point
  • cash coins

    Statement Credits (Cash)

    0.25¢ / point
  • gift card

    Gift Cards

    0.25¢ / point
  • online shop

    Merchandise

    0.225¢ / point

Is this card worth it?

A low-interest credit card in case you want to carry a balance every month. For people who don't have a balance right now but will in the future, the promotional interest rate is a nice benefit of this card.

Is this card worth it?

The TD Rewards Visa Card* is a great choice for individuals looking for a no-fee card with moderate rewards. It offers solid perks like mobile device insurance and flexible rewards redeemable for travel, gift cards, and more. However, the lower point value and limited earning potential on everyday purchases may not appeal to frequent spenders looking for maximum rewards.

Pros

  • Lower annual interest rate compared to most cards

Pros

  • No annual fee, making it easy to maintain.
  • Strong welcome bonus of 15,152 points, worth approximately $75.
  • Earn 4 points per $1 on travel booked through Expedia For TD, 3 points per $1 on groceries and restaurants, and 2 points per $1 on recurring bill payments.
  • Mobile device insurance included, a rare feature for no-fee cards.

Cons

  • No rewards
  • Small annual fee

Cons

  • TD Rewards points are only worth 0.5 cents each, meaning the value per point is lower compared to other rewards programs.
  • Low return rate on everyday purchases, with 1 point per $1 spent, equating to just 0.5% return.
  • Limited insurance coverage compared to premium cards.

Legal


1 Standard Rate of 24.99% on Purchases or 27.99% on Cash Advances applies if Minimum Payment is not received before or on the payment due date and before we prepare your next monthly statement twice within any 12 consecutive statement periods.

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