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TD Rewards Visa* Card Review
The TD Rewards Visa Card is a decent contender for budget-conscious travellers. That said, despite what the name may imply, the the reward rates are rather low compared to other similar contenders on the Canadian market.
Nov 18, 2025 12:16 AM
Written By
Lead Writer
Edited By
Credit Card Expert
Reviewed By
Credit Card Expert
The Bottom Line
The TD Rewards Visa Card is an adequate option for budget-friendly travel optimization. However, there are other no-fee contenders that offer better travel coverage, point values, and perks.
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Welcome Bonus
Earn 15,152 TD Rewards Points† (a value of $50 on Amazon.ca†)
Annual Fee
$0
Interest Rates
21.99% / 22.99%□
Rewards
- Earn 4 TD Rewards Points for every $1 you spend when you book travel through Expedia® For TD†
- Earn 3 TD Rewards Points for every $1 you spend on Groceries and Restaurants†.
- Earn 2 TD Rewards Points for every $1 you spend on regularly recurring bill payments set up on your Account†
- Earn 1 TD Rewards Points For every $1 you spend on other Purchases made using your Card†
Insurance
Coverage
Purchase Protection†
90 days
Extended Warranty†
Up to 1 year
Mobile Device Insurance†
$1,000
Benefits
Details
Extra points†
Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores
Car Rental Discount†
10% off base rate of Avis Rent A Car and Budget Rent A Car
Eligibility
Credit Score
GoodAnnual Income
N/A
*†Terms and conditions apply.
Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on this TD credit card, please click the Apply Now button. Check here for full details and current product information.
Welcome Bonus Details
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. Offer effective as of January 7, 2025.
Card Details
Interest Rates
Purchase APR
21.99%
Cash Advance APR
22.99%□
□ Cash advance rate for Quebec residents is 21.99%
Fees
Annual Fee
$0
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Pros & Cons
Pros
- No annual fee, making it easy to maintain.
- 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
- TD Rewards points are only worth 0.5 cents each, meaning the value per point is lower compared to other rewards programs.
- Limited insurance coverage compared to premium cards.
Our Detailed Review
How to Earn Rewards with the TD Rewards Visa Card
With the TD Rewards Visa Card, you'll collect the following:
- 4 TD Rewards Points per $1 spent on travel booked through Expedia for TD
- 3 TD Rewards Points per $1 spent on grocery and restaurant purchases
- 2 TD Rewards Points per $1 spent on recurring bill payments set up on your account
- 1 TD Reward Point per $1 spent on other purchases made using your card
As you can see, the best way to earn TD Rewards Points using this card is to book travel through Expedia for TD, making it a promising contender for travellers. That said, spenders can also optimize everyday purchases like groceries, dining, and recurring bills.
Overall though, the TD Rewards Visa Card isn't exactly impressive when it comes to point accumulation. If you want to collect points fast, you're better off picking another no-fee credit card.
How to Redeem Rewards with the TD Rewards Visa Card
TD Rewards points can be redeemed towards the following redemption categories (ranked from most valuable to least valuable):
- Expedia for TD: Choose from a catalogue of over a million flights, hotels, vacation packages and more through the Expedia for TD website.
- Book Any Way Travel: Book travel outside of Expedia for TD with almost any other travel agency or platform – applicable to all kinds of travel arrangements.
- Education: Use your TD Rewards points to cover the cost of tuition at over 100 eligible institutions.
- Amazon.ca: Redeem TD Rewards points for products sold on Amazon.ca.
- Statement Credits (Cash): Apply TD Rewards to your credit card balance to pay off any lingering expenses.
- Gift Cards: Turn points into presents by purchasing an eligible gift card with your TD Rewards points.
- Merchandise: Use your TD Rewards points to pay for eligible products from partner brands.
- Starbucks Rewards: Convert TD Rewards points into Stars to fund your favourite coffee or pastry purchase at participating Starbucks stores.
As shown above, the best way to redeem your TD Rewards Points is towards Expedia for TD travel or Book Any Way travel, another reason why travellers may be enticed by this contender.
Compare to Similar Cards
| TD Rewards Visa* Card | Rogers Red World Elite® Mastercard® | American Express® Green Card | MBNA Rewards Platinum Plus Mastercard® | Scotiabank American Express® Card | CIBC Aeroplan® Visa* Card | |
|---|---|---|---|---|---|---|
Welcome Bonus | Earn 15,152 TD Rewards Points† (a value of $50 on Amazon.ca†) | Get $60 in cash back value(1) | Up to 10,000 Membership Rewards® points | Up to 10,000 bonus points†† + 4x points on restaurant, grocery, digital media, membership and household utility purchases†† | Up to 5,000 bonus Scene+ points ($50 value towards travel) | Up to 10,000 Aeroplan® points |
Earn Rates |
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Insurance Included | 3 types
| 7 types
| 2 types
| 3 types
| 3 types
| 4 types
|
Benefits | 2 benefits
| 2 benefits
| 2 benefits
| 2 benefits
| 2 benefits
| 2 benefits
|
Annual Fee | $0 | $0 | $0 | $0 | $0 | $0 |
Income Requirements | N/A | $80,000 personal or $150,000 household | N/A | N/A | $12,000 personal | $15,000 household |
Apply Now | APPLY NOW | Learn More | APPLY NOW | APPLY NOW | APPLY NOW | APPLY NOW |
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Comparison to other No-Fee Travel-Friendly Credit Cards
One of the biggest perks of the TD Rewards Visa Card is that it's an affordable option for travellers. With this in mind, we've compared it to other no-fee travel-friendly credit cards on the Canadian market, featuring contenders with better point potential, superior point value, and notable travel coverage.
For the full list of top travel contenders, check out our Best Travel Credit Cards in Canada post.
TD Rewards Visa Card vs Rogers Red World Elite Mastercard
Whether you prefer cashback over points, or you want the best no-fee contender with travel coverage, consider the Rogers Red World Elite Mastercard, one of the best no annual fee credit cards in Canada. This card provides trip interruption and trip cancellation insurance, travel medical insurance, and car rental damage and theft insurance. On top of this, you'll earn competitive cashback on USD and non-USD purchases, especially when you have a qualifying Rogers, Fido, Comwave or Shaw service. You can even tack on extra cashback when you redeem your rewards towards eligible service purchases. There are also a couple of travel-oriented benefits, specifically an airport lounge Dragon Pass membership and no cost roaming. Just look out for the high annual income requirements!
TD Rewards Visa Card vs Amex Green Card
The American Express Green Card is a simpler alternative that offers a flat rate of American Express Membership Rewards points on all purchases. While you don't earn as many points as you do on categorical purchases with the TD Rewards Visa Card, Amex Membership Rewards points are more valuable when redeemed towards travel. Cardholders also receive extra points on Amex Travel Online purchases and Amex Experiences. That said, this contender offers less insurance coverage.
TD Rewards Visa Card vs MBNA Rewards Platinum Plus Mastercard
The MBNA Rewards Platinum Plus Mastercard doesn't explicitly earn you points on travel purchases, but any points you collect on common everyday purchases like dining, groceries, and digital media can be put towards travel at a high cent-per-point value. Like the TD Rewards Visa Card, this contender also includes mobile device insurance and a car rental discount, plus a unique annual birthday bonus of extra MBNA Rewards Points.
TD Rewards Visa Card vs Scotiabank Amex Card
To earn valuable Scene+ points on similar everyday purchases, including gas, transit, and entertainment, applicants can opt for the Scotiabank Amex Card. This card also grants generous points on trips booked through Scene+ Travel, powered by Expedia. The competitor includes mobile device insurance and car rental discount insurance, plus Amex Experiences.
TD Rewards Visa Card vs CIBC Aeroplan Visa Card
If you happen to fly frequently with Air Canada and want a no-fee credit card, then apply for the CIBC Aeroplan Visa Card. This card earns you decent Aeroplan points on eligible gas, groceries, and Air Canada Vacations. These points can later be redeemed towards Aeroplan travel at a higher cent-per-point value. The card also includes car rental damage and theft insurance and travel accident insurance, not to mention extra points on partner brands and specified online retailers, plus discounts on flights. Note, however, that there is a small annual income requirement to qualify.
Benefits and Perks
5 Benefits of the TD Rewards Visa Card
Below, we've listed the top benefits of the TD Rewards Visa Card, including:
For starters, the TD Rewards Visa Card avoids annual fees, making the card an extremely affordable option for casual travellers and everyday spenders.
Similarly, the TD Rewards Visa Card has no annual income requirements, adding to its accessibility.
Many no-fee credit cards come with typical extended warranty and purchase protection insurance, but the TD Rewards Visa Card also include mobile device insurance, protecting your digital sidekick during unexpected mishaps.
On top of categorical optimization, the TD Rewards Visa Card allows cardholders to earn bonus TD Rewards Points and Starbucks Stars at participating Starbucks locations. Simply link your card to your Starbucks account and tap for each purchase.
With the TD Rewards Visa Card, travellers will also receive a discount off the lowest available base rates on rental cars at participating Avis and Budget locations. Discount rates are slightly higher when renting within Canada or the U.S.
Drawbacks and Considerations
3 Downsides to the TD Rewards Visa Card
There are a couple of drawbacks when it comes to the TD Rewards Visa Card, including:
Even though the TD Rewards Visa Card offers the most TD Rewards points on travel purchases, there are other no-fee rewards credit cards that provide even more points on this spending category (like the Scotiabank Amex Card). In fact, some cards' points are also more valuable when redeemed towards travel, giving their rewards a better overall return.
As mentioned, TD Rewards Points are worth relatively less compared to other loyalty programs like Scene+ or American Express. For more details, check out our credit card points value calculator.
While it's nice that the TD Rewards Visa Card includes mobile device insurance, it lacks other valuable coverage categories, specifically travel coverage.
Frequently Asked Questions
Yes. The TD Rewards Visa Card is a good contender for fee-conscious users since it has no annual fee and still offers decent rewards on groceries, recurring bills, and travel. If you want to collect travel points without paying a yearly cost, this card is a solid entry-level option. However, there are competing cards that may offer better value. To find them, check out this post's comparison section.
TD Rewards Points are most valuable when put towards travel, but, overall, TD Rewards Points are less valuable compared to other loyalty programs like Scene+ and American Express.
In all honesty, this card offers limited insurance and excludes travel-specific coverage. That said, it includes mobile device insurance, which is rare for a no-fee credit card.
About the author
Sara Skodak
Lead Writer
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
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Kevin Shahnazari
Credit Card Expert
Kevin started FinlyWealth and juggles a bit of everything—digging into data, running our marketing, and keeping the finances on track. Before this, he spent years as a data scientist at tech companies...
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Abid Salahi
Credit Card Expert
Abid leads the design and engineering of the FinlyWealth website, making sure everything runs smoothly and looks great. He’s a seasoned software engineer who follows best practices and designs interfa...
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