How much is the value of 20,000 TD Rewards points?
Tired of guessing what the value of 20,000 TD Rewards points is? FinlyWealth's point calculator tool can estimate the value of your points when redeemed through various options in Canada.
Loyalty Program
Number of Points
Points
Redemption Options
★BEST VALUE
Expedia® For TD
20,000 TD Rewards points are worth $100 on average using the most optimal redemption
$100
0.5¢/point
Travel
20,000 TD Rewards points are worth $88 on average if redeemed for Travel
$88
0.44¢/point
Education
20,000 TD Rewards points are worth $80 on average if redeemed for Education
$80
0.4¢/point
Amazon.ca
20,000 TD Rewards points are worth $66 on average if redeemed for Amazon.ca
$66
0.33¢/point
Statement Credits (Cash)
20,000 TD Rewards points are worth $50 on average if redeemed for Statement Credits (Cash)
$50
0.25¢/point
Gift Cards
20,000 TD Rewards points are worth $50 on average if redeemed for Gift Cards
$50
0.25¢/point
Merchandise
20,000 TD Rewards points are worth $45 on average if redeemed for Merchandise
Although they’re particularly valuable when redeemed towards travel (especially Expedia For TD bookings), TD Rewards are actually quite flexible overall.
On top of every trip, earners can use their points to fund everything from shopping sprees to bill payments to their morning cup of coffee.
For a better understanding of this versatile loyalty program, keep scrolling.
How Do You Earn TD Rewards Points? 🏆
For starters, you might be wondering where these points come from.
The best (and only) way to collect TD Rewards points is to apply for one of the top TD Rewards credit cards.
Unfamiliar with your options? Not to worry!
Below, we’ve put together a brief rundown of each credit card worth considering:
Earn up to $1,400 in value†, including up to 165,000 TD Rewards Points† and receive an annual fee rebate for the first year†. Conditions Apply.
Earn up to $370 in value†, including up to 50,000 TD Rewards Points† and receive an annual fee rebate for the first year†. Conditions apply.
Earn 15,152 TD Rewards Points† (a value of $50 on Amazon.ca†)
Earn Rates
Earn 8 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†
Earn 6 TD Rewards Points† for every $1 you spend on Groceries, Dining, and Public Transit†
Earn 4 TD Rewards Points† for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media†
Earn 2 TD Rewards Points For every $1 you spend on other Purchases made using your Card† plus earn an annual Birthday Bonus† of up to 10,000 TD Rewards Points
Earn 6 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†.
Earn 4.5 TD Rewards Points for every $1 you spend on Groceries and Restaurants†.
Earn 3 TD Rewards Points for every $1 you spend on regularly recurring bill payments set up on your Account†.
Earn 1.5 TD Rewards Points For every $1 you spend on other Purchases made using your Card†.
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 Included
13 types
Travel Medical Insurance†
21 days
Travel Medical Insurance (65+)†
4 days
Trip Cancellation†
$1,500
Trip Interruption†
$5,000
Flight Delay†
$500
Baggage Delay†
$1,000
Lost or Stolen Baggage†
$1,000
Common Carrier Travel Accident Insurance†
$500,000
Car Rental Damage & Theft†
yes
Hotel Burglary Insurance†
$2,500
Purchase Protection†
90 days
Extended Warranty†
Up to 1 year
Mobile Device Insurance†
$1,000
9 types
Flight Delay†
$500
Baggage Delay†
$1,000
Lost or Stolen Baggage†
$1,000
Common Carrier Travel Accident Insurance†
$500,000
Car Rental Damage & Theft†
yes
Hotel Burglary Insurance†
$2,500
Purchase Protection†
90 days
Extended Warranty†
Up to 1 year
Mobile Device Insurance†
$1,000
3 types
Purchase Protection†
90 days
Extended Warranty†
Up to 1 year
Mobile Device Insurance†
$1,000
Benefits
8 benefits
Visa Infinite Exclusive Benefits†
Concierge Services†
Golf Benefit†
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Extra points†
Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores
Annual Birthday Bonus†
Earn a Birthday Bonus of up to 10,000 TD Rewards Points
Car Rental Discount†
10% off base rate of Avis Rent A Car and Budget Rent A Car
Travel Credit†
Get an annual TD Travel Credit of $100 when you book at Expedia For TD
Airport Lounge - Dragon Pass†
Enjoy your time at the airport with global airport lounge access and 4 complimentary lounge visits with Visa Airport Companion Program
2 benefits
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
2 benefits
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
The TD First Class Travel Visa Infinite Card is an excellent option for frequent travelers who book through Expedia For TD and want to maximize rewards on travel purchases. The high welcome bonus and extensive insurance coverage make this card stand out. However, the high income requirements and limited value of TD points may not make it the best fit for everyone.
Pros
High rewards
First-year fee rebate
Extensive insurance
Annual travel credit
Cons
High income requirements
Low point value
Potentially week booking portal
Rewards
Earn 8 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†
Earn 6 TD Rewards Points† for every $1 you spend on Groceries, Dining, and Public Transit†
Earn 4 TD Rewards Points† for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media†
Earn 2 TD Rewards Points For every $1 you spend on other Purchases made using your Card† plus earn an annual Birthday Bonus† of up to 10,000 TD Rewards Points
Insurance
Coverage
Travel Medical Insurance†
21 days
Travel Medical Insurance (65+)†
4 days
Trip Cancellation†
$1,500
Trip Interruption†
$5,000
Flight Delay†
$500
Baggage Delay†
$1,000
Lost or Stolen Baggage†
$1,000
Common Carrier Travel Accident Insurance†
$500,000
Car Rental Damage & Theft†
yes
Hotel Burglary Insurance†
$2,500
Purchase Protection†
90 days
Extended Warranty†
Up to 1 year
Mobile Device Insurance†
$1,000
Benefits
Details
Visa Infinite Exclusive Benefits†
Concierge Services†
Golf Benefit†
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Extra points†
Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores
Annual Birthday Bonus†
Earn a Birthday Bonus of up to 10,000 TD Rewards Points
Car Rental Discount†
10% off base rate of Avis Rent A Car and Budget Rent A Car
Travel Credit†
Get an annual TD Travel Credit of $100 when you book at Expedia For TD
Airport Lounge - Dragon Pass†
Enjoy your time at the airport with global airport lounge access and 4 complimentary lounge visits with Visa Airport Companion Program
Eligibility
Credit Score
Good
Annual Income
$60,000 personal or $100,000 household
*†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.
If you’re willing to pay top-dollar for the best TD Rewards credit card on offer, check out the TD First Class Travel Visa Infinite Card.
Sure, the annual fee is the steepest out of the three we’ll mention, but this cost accounts for plenty of point-potential, extensive insurance coverage, and valuable added benefits – plus this fee is completely waived for the first year of membership!
Starting with the point-potential, cardholders will be pleased to earn tons of TD Rewards points on travel booked online through Expedia for TD, followed by solid points per dollar spent on eligible restaurant and grocery purchases, decent points per dollar spent on eligible recurring bill payments, and an above-average base-rate on all other eligible purchases.
With 13 insurance categories, the TD First Class Travel Visa Infinite Card makes it easy to travel with, well, ease. Take advantage of important protections like trip interruption and trip cancellation insurance, hotel burglary insurance, plus emergency medical coverages.
As far as benefits go, this card is equipped with perks like concierge services, Troon Rewards Golf benefits, extra Stars and Aeroplan points at participating Starbucks stores, car rental discounts at Avis and Budget locations, an annual birthday bonus of additional points, and an annual TD Travel Credit when you book through Expedia for TD.
On top of the annual fee, you’ll also need to meet some annual income requirements to qualify for the card, so keep that in mind when filling out your application.
Overall, the TD First Class Travel Card should be your first choice if you’re looking to invest in the best and most lucrative TD Rewards credit card on the Canadian market – complete with competitive point-potential, a long list of insurance categories, and amazing perks.
The TD Platinum Travel Visa* Card is a solid choice for individuals looking for travel rewards and flexibility without a high annual fee. Its first-year fee waiver, valuable welcome bonus, and comprehensive insurance package make it a strong contender in the travel card category. However, the lower point value and lack of trip cancellation insurance may be a drawback for frequent travelers.
Pros
High travel rewards
First-year fee rebate
No income requirements
Comprehensive insurance
Cons
Low point value
Low non-travel return
Missing key insurance categories
Rewards
Earn 6 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†.
Earn 4.5 TD Rewards Points for every $1 you spend on Groceries and Restaurants†.
Earn 3 TD Rewards Points for every $1 you spend on regularly recurring bill payments set up on your Account†.
Earn 1.5 TD Rewards Points For every $1 you spend on other Purchases made using your Card†.
Insurance
Coverage
Flight Delay†
$500
Baggage Delay†
$1,000
Lost or Stolen Baggage†
$1,000
Common Carrier Travel Accident Insurance†
$500,000
Car Rental Damage & Theft†
yes
Hotel Burglary Insurance†
$2,500
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
Good
Annual 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.
Looking to spend a little less annually? Or perhaps you were hoping to avoid annual income requirements altogether. Either way, you can swap the TD First Class Travel Card for the TD Platinum Travel Visa Card instead.
This alternative option offers the same specialized earn categories (travel booked through Expedia for TD, groceries, dining, and recurring bill payments), the only difference is that the reward rates per earn category are slightly lower overall – even the base rate on all other eligible purchases.
The coverage on this card is also less extensive as it misses out on trip interruption and trip cancellation insurance, not to mention emergency medical coverages.
While both contenders offer car rental discounts at Avis and Budget locations, plus extra Stars and Aeroplan points at participating Starbucks stores, the TD Platinum Travel Visa Card lacks valuable perks like that annual birthday bonus and Expedia for TD travel credit.
Ultimately, the TD Platinum Travel Visa Card is a good option for those who want to save on annual fees and avoid annual income requirements, as long as they’re content with compromising on point-potential, coverage, and perks.
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
No annual fee
Strong rewards
Mobile device insurance
Car rental discounts
Cons
Low point value
Limited insurance
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
Good
Annual 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.
Let’s say you want to avoid annual income requirements and annual fees. In that case, take a look at the TD Rewards Visa Card.
As to be expected, this option will earn you the least amount of TD Rewards on shared specialized categories (travel booked through Expedia for TD, groceries, dining, and recurring bill payments).
Like the TD Platinum Travel Visa Card, the TD Rewards Visa Card includes car rental discounts at Avis and Budget Rent A Car locations, plus extra Stars and Aeroplan points at participating Starbucks stores.
All in all, this contender is fit for budget-conscious cardholders who are still looking to get their hands on some TD Rewards points – without many added perks.
How Do You Redeem Your TD Rewards Points? 🤑
Now that you’re up to speed on how to collect TD Rewards points, let’s go over how you can redeem them.
In the following table, we’ve organized each redemption category based on value, starting with the most optimal option and concluding with the least valuable option.
Redemption Category
Redemption Description
Estimated Average Point Value
Expedia for TD
Choose from a catalogue of over a million flights, hotels, vacation packages and more through the Expedia for TD website
0.5 cpp
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
First $1,200 = 0.4 cpp
Beyond $1,200 = 0.5 cpp
Education
Use your TD Rewards points to cover the cost of tuition at over 100 eligible institutions
0.4 cpp
Amazon.ca
Redeem TD Rewards points for products sold on Amazon.ca
0.33 cpp
Statement Credits (Cash)
Apply TD Rewards to your credit card balance to pay off any lingering expenses
0.25 cpp
Gift Cards
Turn points into presents by purchasing an eligible gift card with your TD Rewards points
0.25 cpp
Merchandise
Use your TD Rewards points to pay for eligible products from partner brands
0.225 cpp
Starbucks Rewards
Convert TD Rewards points into Stars to fund your favourite coffee or pastry purchase at participating Starbucks stores
N/A
**Point-to-Star system**
0.1 spp (star-per-point)
If you’re still interested in learning more about these redemption options (even after carefully reviewing the table), stick around.
Here’s each redemption category in more depth:
For the best value for your points, redeem your TD Rewards with your TD Rewards credit card online through Expedia for TD. You can choose whether you’d like to use your points to cover the total cost of your travel arrangements, or whether you’d like to split the cost between points and cash.
Let’s say you didn't find what you were looking for through Expedia for TD. In that case, you can still extract some value from your TD Rewards points by paying for nearly any travel expense with points – anything from transportation to accommodations to activities.
This travel category allows you to book arrangements through multiple travel agencies or websites.
When doing so, 250 points will be equal to $1 in travel savings for the first $1,200 of any “Book Any Way” travel redemption rewards. Any expenses beyond $1,200 will be subject to a rate of 200 points = $1 in travel savings, optimizing this category even further.
To request to redeem points for eligible bookings, simply wait until your travel transaction is posted to your account and either call customer service or make the request through your TD Rewards account within 90 days. To make the request online, select the “Redeem” tab followed by “Book Any Way Travel” to input the necessary information about the transaction, then hit submit. Once your request is approved, you’ll receive a statement credit for the cost of the eligible travel expense(s).
Still studying? Luckily, you can redeem your TD Rewards points towards tuition costs or student loans for higher education at more than 100 participating institutions.
To make this type of redemption, login to your TD Rewards account and select the HigherEdPoints option.
We’ve all probably turned to Amazon at some point for a last-minute, obscure, or miscellaneous purchase.
Since Amazon is such a popular shopping platform, it’s convenient that cardholders can also use their TD Rewards points to pay for the products they purchase on Amazon.ca.
The process is pretty simple. You can apply TD Rewards instantly at checkout and use as many points as you desire to cover the total or partial cost of your cart.
303 TD Rewards points is the equivalent to $1 through Amazon.ca, effectively providing a 0.33 cpp value on this redemption type.
Need help paying off your credit card balance? TD Rewards can remedy this issue as well.
Simply log into your TD Rewards account and select the “Pay With Rewards” option to request a redemption towards an eligible transaction made on your TD Rewards credit card. Afterwards, you'll need to wait about 5-7 business days for the request to be processed. Once processed, you’ll receive a statement credit to your account to cover the eligible cost.
If you’re looking to gift your points in gift cards, the TD catalogue has tons of options to choose from.
Browse brands like:
Amazon
Best Buy
Cineplex
Domino’s Pizza
Esso and Mobil
Golf Town
Indigo
Sobeys
Sephora
The Home Depot and more
The amount of points you’ll need to put towards the redemption will all depend on the value of the gift card itself. On average, each redemption rate holds the same cent-per-point value of 0.25.
To sift through your options, visit the TD Rewards website and select “Gift Cards” from the drop-down menu. Once you find a card you like, login to add it to your cart.
Typically, the exact cent-per-point value of your purchase will depend on the product you're looking to redeem points towards.
To calculate your cent-per-point value on a specific product, simply divide the value of the product by the amount of points required for the redemption, then multiply that result by 100.
There’s one redemption category with a unique redemption rate. Instead of using the basic cent-per-point system, when you redeem your TD Rewards towards Starbucks purchases, you’re using a Star-per-point system.
Ultimately, cardholders will receive 0.1 Star per TD Reward point in this transaction.
Based on Starbucks’ Rewards system:
25 Stars (so 250 TD Rewards points) can get you a customized drink
100 Stars (or 1000 transferred TD Rewards points) can easily become an iced coffee, bag of chips, or flaky croissant
200 Stars (2000 TD Rewards points) can turn into a handcrafted drink, breakfast sandwich, snackbox or oatmeal
300 Stars (or 3000 TD Rewards points) gets you a lunch sandwich or take-home coffee bag
Finally, 400 Stars (or 4000 TD Rewards points) can transform into merchandise, like signature reusable cups and tumblers, at a value of up to $20
To convert your TD Rewards Points into Stars, link your TD Rewards credit card to your Starbucks Rewards account.
What’s the Best Way to Optimize Your TD Rewards Points?
As you can probably conclude based on the TD Rewards Redemption table, the most optimal redemption option for your TD Rewards is to apply them towards travel booked through Expedia for TD.
Likewise, you can get valuable cent-per-point return on travel bookings made outside of Expedia for TD, especially on bookings that exceed $1,200 (turning the remaining redemption from a 0.4 cpp value to a 0.5 cpp value).
Are TD Rewards Points Worth it?
Expanding upon the previous section, TD Rewards points are especially worth it for frequent travellers – specifically those who book through Expedia for TD or those who plan on making redemptions on other bookings over $1,200.
While the other categories in education, retail, and cash aren’t quite as lucrative as the travel options, they still offer cardholders some flexibility in between trips or when they want to change things up.
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