Ultimate TD Rewards guide Canada
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Top TD Rewards credit cards
Program at a glance:
Feature
Defined
Point value
Around $0.005 per point
Point expiration
N/A
Redemption options
Travel, Expedia, gift cards, merchandise, statement credits, education
TD Rewards offers booking flexibility thanks to its partnership with Expedia
If you’re thinking about getting a bank-affiliated travel rewards credit card, TD Rewards is one program worth taking a closer look at. The travel rewards are structured around Expedia, one of the largest online travel companies in the world. Not only will you be able to redeem your points for just about any type of travel you can think of, but you can also use points for gift cards, merchandise, and more.
Since TD Rewards is partnered with Expedia, many people say it’s the easiest program to use. Just about everyone has used Expedia before, so navigating the website is incredibly simple and intuitive. Best of all, TD has a few different credit cards that earn you TD Rewards, so you can start earning points regardless of your income level. Keep reading for more details about how TD Rewards work and how you can maximize your points.
How to earn TD Rewards points
The only way you can earn TD Rewards points is with a TD credit card. TD Canada Trust currently offers four credit cards that earn TD Rewards points:
| Credit card | Welcome bonus | Earn rate | Annual fee |
|---|---|---|---|
| TD First Class Travel Visa Infinite Card | Earn up to $1,000 in value†, including up to 85,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply. |
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† |
$139 |
| TD Platinum Travel Visa Card | Earn up to $370 in value†, including up to 50,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply. |
Earn 6 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†.
Earn 4.5 TD Rewards Points $1 you spend on Groceries, Dining, and Public Transit†. Earn 3 TD Rewards Points for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media†. Earn 1.5 TD Rewards Points For every $1 you spend on other Purchases made using your Card†. |
$89 |
| TD Rewards Visa Card | Earn a value of $50† in TD Rewards Points† to use on eligible Amazon.ca purchases. Conditions Apply. Offer effective as of January 7, 2025. |
Earn 4 TD Rewards Points for every $1 you spend on travel through ExpediaForTD.com†
Earn 3 TD Rewards Points for every $1 you spend on Groceries, Dining, and Public Transit†. Earn 2 TD Rewards Points for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media† Earn 1 TD Rewards Point for every $1 you spend on all other purchases† |
$0 |
| TD Business Travel Visa Card | Earn a value of up to $1,122† in TD Rewards Points including first annual fee rebates†. |
Earn 9 TD Rewards Points for every $1 you spend using ExpediaForTD.com
Earn 6 TD Rewards points for every $1 in foreign currency purchases and at restaurants and on recurring bills Earn 2 TD Rewards Points for every $1 spent on all other purchases. |
$149 |
up to 50,000 pts†
Welcome Bonus
$291
First Year Value
$0
Annual Value
Welcome Bonus: Earn up to $370 in value†, including up to 50,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply.
Get this card if you...
- are a frequent traveler and prefer Expedia for bookings
- want to avoid blackout dates when redeeming points
- value a generous welcome offer
Annual Fee & Annual Interest Rates
$89
Annual Fee
21.99%
Purchase
22.99%
Cash Advance
Our Take
The TD Platinum Travel Visa* Card is a travel rewards credit card offering elevated TD Rewards Points on purchases made through Expedia® For TD†, as well as on dining and grocery purchases. Cardholders benefit from a generous welcome bonus, no travel restrictions or blackout periods, and the flexibility to redeem points for various travel-related expenses.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
- Generous welcome bonus: Get up to 50,000 TD Rewards Points† when you make your first card purchase and spend $1,000 within 90 days of opening your account.
- High earn rate: Earn up to 6 TD Rewards Points for every $1 spent on Expedia® for TD†, 4.5 points on groceries, dining, and public transit†, and 3 points on recurring bill payments and streaming, digital gaming & media†.
- No travel restrictions: No blackouts, seat restrictions, and your points never expire as long as your account is in good standing.
- First year fee rebate: Get an Annual Fee Rebate for the first year†.
Cons
- Limited travel perks: Unlike some premium cards, it doesn't offer perks like airport lounge access.
- Not ideal for non-Expedia users: The highest rewards rate is tied to Expedia bookings.
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
Fees
$89
Annual Fee
2.50%
Foreign Transaction
Rewards TD Rewards
6
TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†.
4.5
TD Rewards Points for every $1 you spend on Groceries, Dining, and Public Transit†.
3
TD Rewards Points for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media†.
1.5
TD Rewards Points For every $1 you spend on other Purchases made using your Card†.
Insurance Benefits
$1,000
Mobile device insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $370 in value†, including up to 50,000 TD Rewards Points† and no annual fee for the first year†. Conditions apply. Offer effective as of January 7, 2025.
Welcome Bonus of 15,000 TD Rewards Points when you make your first Purchase with your Card†.
35,000 TD Rewards Points when you spend $1,000 within 90 days of Account opening†.
Get an annual fee Rebate for the first year†.
To receive the first-year annual fee rebate for the Primary Cardholder, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening. To receive the Additional Cardholder(s) first-year annual fee rebate, you must add your Additional Cardholder(s) while the offer is in effect.
†Terms and conditions apply.
This offer is not available for residents of Quebec.
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 any TD product, please click the Apply Now button. Sponsored Content.
Our Take
The TD Platinum Travel Visa* Card is a travel rewards credit card offering elevated TD Rewards Points on purchases made through Expedia® For TD†, as well as on dining and grocery purchases. Cardholders benefit from a generous welcome bonus, no travel restrictions or blackout periods, and the flexibility to redeem points for various travel-related expenses.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
- Generous welcome bonus: Get up to 50,000 TD Rewards Points† when you make your first card purchase and spend $1,000 within 90 days of opening your account.
- High earn rate: Earn up to 6 TD Rewards Points for every $1 spent on Expedia® for TD†, 4.5 points on groceries, dining, and public transit†, and 3 points on recurring bill payments and streaming, digital gaming & media†.
- No travel restrictions: No blackouts, seat restrictions, and your points never expire as long as your account is in good standing.
- First year fee rebate: Get an Annual Fee Rebate for the first year†.
Cons
- Limited travel perks: Unlike some premium cards, it doesn't offer perks like airport lounge access.
- Not ideal for non-Expedia users: The highest rewards rate is tied to Expedia bookings.
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
Fees
$89
Annual Fee
2.50%
Foreign Transaction
Rewards TD Rewards
6
TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†.
4.5
TD Rewards Points for every $1 you spend on Groceries, Dining, and Public Transit†.
3
TD Rewards Points for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media†.
1.5
TD Rewards Points For every $1 you spend on other Purchases made using your Card†.
Insurance Benefits
$1,000
Mobile device insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $370 in value†, including up to 50,000 TD Rewards Points† and no annual fee for the first year†. Conditions apply. Offer effective as of January 7, 2025.
Welcome Bonus of 15,000 TD Rewards Points when you make your first Purchase with your Card†.
35,000 TD Rewards Points when you spend $1,000 within 90 days of Account opening†.
Get an annual fee Rebate for the first year†.
To receive the first-year annual fee rebate for the Primary Cardholder, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening. To receive the Additional Cardholder(s) first-year annual fee rebate, you must add your Additional Cardholder(s) while the offer is in effect.
†Terms and conditions apply.
This offer is not available for residents of Quebec.
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 any TD product, please click the Apply Now button. Sponsored Content.
This mid-tier option offers:
- Enhanced earn rates on travel
- No blackout dates when redeeming
- Strong welcome bonus with first-year fee waiver
up to 85,000 pts†
Welcome Bonus
$218
First Year Value
$0
Annual Value
Welcome Bonus: Earn up to $1,000 in value†, including up to 85,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply.
Get this card if you...
- are a frequent traveler and prefer Expedia for bookings
- want comprehensive travel insurance to ensure peace of mind
- value a great welcome offer
Annual Fee & Annual Interest Rates
$139
Annual Fee
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The TD First Class Travel® Visa Infinite* Card is a travel rewards credit card offering elevated TD Rewards Points on purchases made through Expedia® For TD†, as well as on groceries and dining. Cardholders benefit from a substantial welcome bonus, an annual $100 TD Travel Credit†, and access to Visa Infinite privileges, including concierge services and exclusive experiences.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
- Major combined value for the welcome bonus (up to $1,000 in value)†
- Good base earn rate on all purchases
- Huge earn rate when you book travel through Expedia® For TD†
- Very flexible redemption options
- $100 TD Travel Credit†
- Visa Infinite Benefits
- Great savings on annual fees for accountholders of TD’s All-Inclusive Banking Plan
Cons
- Charges foreign transaction fees
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$139
Annual Fee
2.50%
Foreign Transaction
Rewards TD Rewards
8 Points
Earn 8 TD Rewards Points† for every $1 you spend through Expedia® For TD†.
6 Points
Earn 6 TD Rewards Points† for every $1 you spend on Groceries, Dining, and Public Transit†.
4 Points
Earn 4 TD Rewards Points† for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media†.
2 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
10k Bonus Points
Earn a Birthday Bonus of up to 10,000 TD Rewards points†.
$100
An annual TD Travel Credit† of $100 when you book at Expedia® For TD†.
4
Enjoy your 4 complimentary visits by enrolling now for the Visa Airport Companion Program†.
Insurance Benefits
$1,000
Mobile device insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,000 in value†, including up to 85,000 TD Rewards Points, no Annual Fee for the first year† and additional travel benefits. Conditions Apply. Offer effective as of June 4, 2025.
Earn a welcome Bonus of 20,000 TD Rewards Points when you make your first Purchase with your Card†.
Earn 65,000 TD Rewards Points when you spend $5,000 within 180 days of Account opening†.
Earn a Birthday Bonus of up to 10,000 TD Rewards points†.
Get an annual TD Travel Credit† of $100 when you book at Expedia® For TD.
Get an Annual Fee Rebate for the first year†.
Enjoy your time at the airport with global airport lounge access and 4 complimentary lounge visits with Visa Airport Companion Program (a value of up to $285)†.
To receive the first-year annual fee rebate for the Primary Cardholder, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening. To receive the Additional Cardholder(s) first-year annual fee rebate, you must add your Additional Cardholder(s) while the offer is in effect.
†Terms and conditions apply.
This offer is not available for residents of Quebec.
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 any TD product, please click the Apply Now button. Sponsored Content.
Our Take
The TD First Class Travel® Visa Infinite* Card is a travel rewards credit card offering elevated TD Rewards Points on purchases made through Expedia® For TD†, as well as on groceries and dining. Cardholders benefit from a substantial welcome bonus, an annual $100 TD Travel Credit†, and access to Visa Infinite privileges, including concierge services and exclusive experiences.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
- Major combined value for the welcome bonus (up to $1,000 in value)†
- Good base earn rate on all purchases
- Huge earn rate when you book travel through Expedia® For TD†
- Very flexible redemption options
- $100 TD Travel Credit†
- Visa Infinite Benefits
- Great savings on annual fees for accountholders of TD’s All-Inclusive Banking Plan
Cons
- Charges foreign transaction fees
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$139
Annual Fee
2.50%
Foreign Transaction
Rewards TD Rewards
8 Points
Earn 8 TD Rewards Points† for every $1 you spend through Expedia® For TD†.
6 Points
Earn 6 TD Rewards Points† for every $1 you spend on Groceries, Dining, and Public Transit†.
4 Points
Earn 4 TD Rewards Points† for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media†.
2 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
10k Bonus Points
Earn a Birthday Bonus of up to 10,000 TD Rewards points†.
$100
An annual TD Travel Credit† of $100 when you book at Expedia® For TD†.
4
Enjoy your 4 complimentary visits by enrolling now for the Visa Airport Companion Program†.
Insurance Benefits
$1,000
Mobile device insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,000 in value†, including up to 85,000 TD Rewards Points, no Annual Fee for the first year† and additional travel benefits. Conditions Apply. Offer effective as of June 4, 2025.
Earn a welcome Bonus of 20,000 TD Rewards Points when you make your first Purchase with your Card†.
Earn 65,000 TD Rewards Points when you spend $5,000 within 180 days of Account opening†.
Earn a Birthday Bonus of up to 10,000 TD Rewards points†.
Get an annual TD Travel Credit† of $100 when you book at Expedia® For TD.
Get an Annual Fee Rebate for the first year†.
Enjoy your time at the airport with global airport lounge access and 4 complimentary lounge visits with Visa Airport Companion Program (a value of up to $285)†.
To receive the first-year annual fee rebate for the Primary Cardholder, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening. To receive the Additional Cardholder(s) first-year annual fee rebate, you must add your Additional Cardholder(s) while the offer is in effect.
†Terms and conditions apply.
This offer is not available for residents of Quebec.
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 any TD product, please click the Apply Now button. Sponsored Content.
This premium option is TD's flagship travel rewards card offering:
- Exceptional point earning potential
- Comprehensive travel insurance package
- Annual TD Travel Credit of $100 when booking through Expedia® for TD
- Birthday Bonus of up to 10,000 TD Rewards Points annually
15,152 points†
Welcome Bonus
$253
First Year Value
$203
Annual Value
Welcome Bonus: Earn a value of $50† in TD Rewards Points† to use on eligible Amazon.ca purchases. Conditions Apply. Offer effective as of January 7, 2025.
Get this card if you...
- want to earn TD Rewards on everyday purchases
- want a flexible rewards program
- value a good welcome offer
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The TD Rewards Visa* Card is a no-annual-fee credit card offering TD Rewards Points on everyday purchases, with elevated rates for travel booked through Expedia® For TD, as well as on groceries, dining, and recurring bill payments. Cardholders benefit from flexible redemption options, including travel, merchandise, and statement credits.
Eligibility
Excellent (740+)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
- Wide range of point redemption options, including travel†, Amazon.ca†, online retailers†, card statement credits†, etc.
- Good rate of return on spending and redeeming via the travel platform Expedia® For TD†
- Decent value for those that have a high volume of recurring bills
Cons
- Point redemption values are moderate to poor
- Low spending limits for earning extra points on groceries and restaurants
- High credit score requirement
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
Rewards TD Rewards
4 Points
Earn 4 TD Rewards Points for every $1 you spend on travel through ExpediaForTD.com†
3 Points
Earn 3 TD Rewards Points for every $1 you spend on Groceries, Dining, and Public Transit†
2 Points
Earn 2 TD Rewards Points for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media†
1 Points
Earn 1 TD Rewards Point for every $1 you spend on all other purchases†
50%
Earn 50% more TD Rewards Points and 50% more Stars at Starbucks†
Insurance Benefits
$1,000
Mobile device insurance amount
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.
†Terms and conditions apply.
This offer is not available for residents of Quebec.
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 any TD product, please click the Apply Now button. Sponsored Content.
Our Take
The TD Rewards Visa* Card is a no-annual-fee credit card offering TD Rewards Points on everyday purchases, with elevated rates for travel booked through Expedia® For TD, as well as on groceries, dining, and recurring bill payments. Cardholders benefit from flexible redemption options, including travel, merchandise, and statement credits.
Eligibility
Excellent (740+)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
- Wide range of point redemption options, including travel†, Amazon.ca†, online retailers†, card statement credits†, etc.
- Good rate of return on spending and redeeming via the travel platform Expedia® For TD†
- Decent value for those that have a high volume of recurring bills
Cons
- Point redemption values are moderate to poor
- Low spending limits for earning extra points on groceries and restaurants
- High credit score requirement
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
Rewards TD Rewards
4 Points
Earn 4 TD Rewards Points for every $1 you spend on travel through ExpediaForTD.com†
3 Points
Earn 3 TD Rewards Points for every $1 you spend on Groceries, Dining, and Public Transit†
2 Points
Earn 2 TD Rewards Points for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media†
1 Points
Earn 1 TD Rewards Point for every $1 you spend on all other purchases†
50%
Earn 50% more TD Rewards Points and 50% more Stars at Starbucks†
Insurance Benefits
$1,000
Mobile device insurance amount
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.
†Terms and conditions apply.
This offer is not available for residents of Quebec.
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 any TD product, please click the Apply Now button. Sponsored Content.
This entry-level card comes with no annual fee, making it perfect for:
- Canadians beginning their rewards journey
- Those who want TD Rewards with no annual commitment
- Anyone looking for a solid everyday spending card
Those who want TD Rewards with no annual commitment
TD Credit Card Disclosure:
†Terms and conditions apply.
This offer is not available to residents of Quebec.
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 any TD product, please click the Apply Now button. Sponsored Content.
Do TD Rewards points expire?
No, TD Rewards Points in Canada do not expire as long as your TD credit card account is open and in good standing.
What are TD Rewards worth?
When evaluating any loyalty program, the most critical factor is understanding exactly what your points are worth. While TD Rewards points have a face value lower than some competitors (less than 1 cent per point), you'll earn them at significantly higher rates than many other bank travel programs, creating comparable overall value.
The true value of your TD Rewards points varies based on how you choose to redeem them:
Redemption option
Value per point
Expedia® for TD
$0.005
Any travel
$0.004
Continuing education
$0.004
Gift cards
$0.0025
Statement credit
$0.0025
Merchandise
$0.0015 to $0.003
How to redeem TD Rewards points
TD Rewards offers multiple redemption pathways, with travel bookings through Expedia® for TD delivering the highest value. Here's a comprehensive breakdown of all available options:
Expedia® for TD Travel bookings
The most valuable redemption option requires just 200 TD Rewards points for $1 in travel value (0.5 cents per point). The process is seamlessly integrated:
- 1 Visit Expedia® for TD through tdrewards.com
- 2 Make your travel selections from Expedia's vast inventory
- 3 During checkout, you'll be prompted to use your TD Rewards points
- 4 Apply as many or as few points as you wish (minimum 200 points for $1 discount)
The partnership with Expedia gives you access to virtually every travel product imaginable: flights, hotels, vacation packages, car rentals, cruises, and activities worldwide—all eligible for points redemption.
Any travel purchase
TD Rewards truly shines with its flexibility to apply points toward any travel purchase charged to your TD credit card. This option delivers slightly less value (250 points for $1, or 0.4 cents per point) but provides several advantages:
- Book accommodations not available on Expedia (like Airbnb)
- Make direct bookings with travel providers to ensure elite status recognition
- Secure special rates or promotions not offered through third-party sites
- Apply points after booking when convenient for you
Continuing education
One of TD Rewards' most unique redemption options allows you to convert points to education credits through higheredpoints.com. At 250 points for $1 (0.4 cents per point), this provides the same value as non-Expedia travel redemptions and offers a practical alternative for:
- Students looking to offset tuition costs
- Professionals pursuing continuing education
- Parents saving for their children's education expenses
Few travel rewards programs offer education-related redemptions, making this a standout feature for families and lifelong learners.
Other redemption options
While delivering less value per point, these additional options provide flexibility:
- Gift cards: Approximately 400 points for $1 in gift card value (0.25 cents per point). Watch for promotional periods when TD offers enhanced value on gift card redemptions.
- Merchandise: Browse hundreds of products through tdrewards.com at varying redemption rates (typically 0.15 to 0.3 cents per point).
- Statement credits: Use points to offset your monthly statement at 400 points per $1 (0.25 cents per point).
- Amazon.ca purchases: Link your TD Rewards account to Amazon to use points directly at checkout.
Read more: Maximize your travel value with Expedia® for TD
How to maximize your TD Rewards points
Since TD Rewards is a very simple program, there’s only so much you can do with your points. That said, there are a few tips that you can use to ensure that you’re maximizing the value of your points.
- Always pay with your TD credit card. Since you can only earn points with a TD credit card, you should be charging every purchase possible. You’ll want to pay extra attention to the categories that give you an increased earn rate since that’s an easy way to earn points fast.
- Try to stick to Expedia® for TD. When you book travel through Expedia® for TD, you’re getting the most value for your points. Any other redemption is not worth as much, so try to avoid them.
- Look for a generous signup bonus. TD typically has a great welcome offer a few times a year. If you’re in the market for a new card, wait until there’s a bonus that’s worthwhile.
How TD Rewards compares to other programs
Of all the credit card travel rewards programs available, many argue that TD Rewards is the easiest to use since you book your travel through Expedia® for TD.
Here’s how TD Rewards compares to other Canadian loyalty programs:
Point Value
0.5¢ through Expedia
0.5¢ for travel
0.85-1.0¢ (fixed chart)
0.83-2.3¢ (with transfers)
Redemption flexibility
High - Expedia integration with no blackouts
Moderate - BMO Travel portal
Moderate - Fixed chart limits
High - Transfers + fixed chart
Minimum redemption
200 points ($1) - Lowest in Canada
2,000 points ($10)
4,000 to 6,000 points
2,500 points
Unique feature
Education redemption, Expedia integration
Simple earning structure
Fixed flight chart
Airline transfer partners
Compared to BMO Rewards, which has its own travel portal, TD Rewards is arguably better due to the Expedia partnership. That said, some people may prefer HSBC Rewards and Scotia Rewards which allow you to book any type of travel without any devaluation to your points.
TD Rewards does lack a fixed redemption chart and transfer partners that American Express Membership Rewards has. While that may not be important to some people, having those extra options is always nice. If this is important to you, you could consider the TD® Aeroplan® Visa Infinite* Card, which has a high travel earn rate and offers redemption options via the Aeroplan loyalty program.
When it comes to other redemption options, TD Rewards is similar. You can use your points for statement credits, merchandise, and gift cards. One unique feature of TD Rewards is the ability to use your points for continuing education. Not many travel rewards programs give you that option.
Pros and cons
Pros
- Expedia: Familiar Expedia interface for bookings makes redeeming points for travel a breeze
- No limitations: No blackout dates or seat restrictions
- Generous welcome bonuses: TD credit cards offer generous sign-up bonuses for new accounts
Cons
- Reduced value: Lower base point value than some competitors
- No transfers: No airline/hotel transfer partners
- Income: High income requirements for top cards
Is TD Rewards worth it?
TD Rewards is a simple program that many people will gravitate towards. If you like to travel, then you’ll have no problem finding what you need through Expedia® for TD. That said, the TD Rewards Visa cards available can be a bit lacking compared to RBC credit cards. RBC cards typically have more travel benefits. That’s not to say RBC is better than TD – they’re just different. As a consumer, you choose the program that best aligns with your goals.
Related: The best TD credit cards in Canada
TD Rewards FAQs
Barry Choi
Contributor
Barry Choi is a Toronto-based personal finance and travel expert who makes frequent media appearances. When he's not educating people on how to be smarter with money, he's earning and burning miles and points for luxury travel.
Cory Santos
Credit card editor
Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, BlogTO, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk. He's also the creator and author of the annual Money.ca Credit Card Awards.
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