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.
Oct 19, 2026 11:00 AM
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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on TD's website
Welcome Bonus
Earn a value of $50† in TD Rewards Points† to use on eligible Amazon.ca purchases.
Annual Fee
$0
Interest Rates
21.99% / 22.99%□
RECOMMENDED CREDIT SCORE
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†
- Link your eligible Card to earn 50% more TD Rewards Points plus more Starbucks Stars. Redeem points for even more Stars. Conditions apply.
Insurance
Coverage
Purchase Protection†
90 days
Extended Warranty†
Up to 1 year
Mobile Device Insurance†
$1,000
Benefits
Details
Extra points†
Link your eligible Card to earn 50% more TD Rewards Points plus more Starbucks Stars. Redeem points for even more Stars. Conditions apply.
Car Rental Discount†
10% off base rate of Avis Rent A Car and Budget Rent A Car
Eligibility
Credit Score
GoodAnnual Income
N/A
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- Offer may be changed, withdrawn, or extended at any time and cannot be combined with any other offer unless otherwise indicated.
Card Details
Interest Rates
Purchase APR
21.99%
Cash Advance APR
22.99%□
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
- Strong rewards
- Mobile device insurance
- Car rental discounts
Cons
- Low point value
- Limited insurance
Our Detailed Review
How to Earn Rewards with the TD Rewards Visa Card
With the TD Rewards Visa Card, one of the top TD credit cards in Canada, you'll collect the following:
- 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†
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.
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.
Compare to Similar Cards
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.
Rogers Bank
4.5
American Express
2.8
Scotiabank
3.3
Annual Fee
$0
$0
$0
$0
$0
Interest Rates
Purchase
21.99%
Cash advance
22.99%
21.99%
Purchase
21.99% - 25.99%*
Cash advance
22.99% - 27.99%*
Balance transfer
22.99% - 27.99%*
Rate details
Purchase
21.99%*
Cash advance
21.99%*
Rate details
Purchase
21.99
Cash advance
22.99%
Balance transfer
22.99%
Purchase
20.99%
Cash advance
22.99%
21.99%
Balance transfer
22.99%
Welcome Bonus
Earn a value of $50† in TD Rewards Points† to use on eligible Amazon.ca purchases.
Welcome Bonus varies
Up to 10,000 Membership Rewards® points
Earn up to 10,000 bonus Scene+ points within your first 3 months (that’s up to $100 towards travel).
Up to 10,000 Aeroplan® points
Rewards
$211.33
First year rewards
$360
First year rewards
$610.66
First year rewards
$424.08
First year rewards
$517.41
First year rewards
on TD's website
on Rogers Bank's website
on American Express' website
Apply with Confidence — won't impact your credit score
on Scotiabank's website
Welcome Bonus Details
Earn Rates
Insurance Coverage
Extra Benefits
Requirements
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. 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 and annual spending cap!
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 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.
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.
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Sara Skodak
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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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TD Rewards Visa* Card Points Calculator
on TD's website