in our free newsletter.

Thousands benefit from our email every week.

LinkedIn icon
Author: Tyler Wade

By Tyler Wade

🗓️

Updated: October 20, 2023

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware that some (or all) products and services linked in this article are from our sponsors.

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware this post may contain links to products from our partners. We may receive a commission for products or services you sign up for through partner links.

The TD Business Travel Visa* Card is a powerhouse for Canadian businesses, especially if you love to (or have to) travel. With a slew of benefits, from high rewards rates on Expedia bookings to comprehensive insurance coverage, it's a card that demands attention. But like all cards, it's not without its drawbacks. Let's dive deep and see if this card is the right fit for you.

Pros and cons

Pros

Pros

  • High rewards rate: Earn up to 9 TD Rewards Points per $1 on travel bookings through ExpediaForTD.com.
  • Flexible redemption: No blackout dates or seat restrictions.
  • Comprehensive insurance: From travel medical to car rental coverage.
  • Special offers: Lucrative welcome bonuses and limited-time offers.
Cons

Cons

  • Annual fee: A $149 annual fee, though it's rebated in the first year.

Welcome bonus

Before January 3, 2024, new cardholders can earn a whopping 175,000 TD Rewards Points, equivalent to a travel value of up to $875 when booked through ExpediaForTD.com.

  • Welcome Bonus of 30,000 TD Rewards Points upon the first purchase.
  • Earn up to 120,000 TD Rewards Points when spending $2,500 each month for the first 12 months.
  • Earn up to 25,000 TD Rewards Points by setting up new regularly recurring bill payments (maximum two).
  • You can earn 30,000 more rewards by becoming a TD Small Business Banking customer when you open an Every Day Business Plan (A, B, C, or TD Unlimited Business Plan between now and October 31, 2023. 
  • And another 30,000 TD Rewards points if you’re approved for the TD Business Travel Visa* Card within 120 days of opening a new Business Chequing Account and process at least one transaction within the first 90 days. 
  • Full Annual Fee rebate for the Primary Cardholder and first two additional cardholders for the first year (a value of up to $247). Total value of $1,240.
  • Plus, TD is throwing in a 12-month Uber One membership ($120 value).

Earn rate

This card shines with its earn rates:

  • 9 TD Rewards Points for every dollar spent on ExpediaForTD.com bookings.
  • 6 TD Rewards Points for every $1 spent on foreign currency purchases, restaurant expenses and recurring bill payments.
  • 2 TD Rewards Points for every $1 spent on all other eligible business purchases.

TD Business Travel Visa* Card key benefits

  • Enjoy no travel blackouts, no seat restrictions, the freedom to book through any agency, and the ability to use points to cover taxes and fees on travel bookings.

TD Business Travel Visa* Card Insurance coverage

The TD Business Travel Visa* Card offers a robust insurance package:

  • Travel medical insurance: Up to $2 million coverage for the first 15 days of your trip.
  • Travel accident insurance: Up to $500,000 for covered losses.
  • Trip cancellation/interruption: Up to $1,500 per person for cancellations and maximum of $5,000.
  • Flight/trip delay insurance: Up to $500 towards hotel and restaurant expenses. 
  • Lost or stolen baggage: Coverage up to $1,000 per trip.
  • Car rental coverage: 48 consecutive days of coverage for auto rental collision/loss damage up to $65,000 MSRP.
  • Purchase security: On most items for 90 days from purchase date against loss or damage. 
  • Extended warranty protection: Automatically extends manufacturer’s warranty.

Extras

  • The Visa SavingsEdge program offers sweet deals to grow your business on brands like Amazon Business, Budget Rent-a-car, Google Ads, Constant Contact, UPS, Zendesk and more. 
  • Get a free 12-month Uber One membership, valued at $120.
  • Get your Starbuck® fix - earn more at Starbucks® by linking the card to earn 50% more TD Rewards Points and Stars.
  • Save a minimum of 10% on the lowest available base rates in North America with Avis and Budget. 
  • Redeem your TD Rewards Points towards business purchases at Amazon.ca.
  • Access TD Card Management Tool to redistribute available credit among cardholders, set restrictions on spend type, temporarily turn a Card on or off, track employees spending with up to 18 months of business transaction data and more. 

How the TD Business Travel Visa* Card compares

The TD Business Travel Visa* Card falls into the travel and foreign transaction category. When considering such cards, it's crucial to compare features, fees and benefits to ensure you're getting the best value.

TD Business Travel Visa* Card Vs TD First Class Travel® Visa Infinite* Card

These two cards are similar, so what sets them apart? Business perks vs. a focus on travel. The First Class card charges $139 for its annual fee, or $10 less than the Business Travel Visa*. The welcome bonus with Visa Infinite isn’t as enticing at 115,000 TD Rewards points and they charge 20.99% APR vs. 19.99% with the business travel card. On top of that, you earn eight TD Rewards Points, instead of nine, for every $1 in travel purchases. For some good news, both cards’ travel insurance packages are identical. 

The TD First Class Travel® Visa Infinite* also gives you an annual credit of $100 when you book at Expedia for TD. And, because you’re part of the Visa Infinite Benefits program, you’ll get access to 24/7 concierge services, luxury hotel and dining experiences and more. Ultimately, pick the card that best suits your needs. 

TD Business Travel Visa* Card vs. TD® Aeroplan® Visa* Business Card

The TD® Aeroplan® Visa* Business Card’s biggest difference is Aeroplan vs. TD Rewards Points. If you love flying with Air Canada and its partner airlines, want a free first checked bag and access to the Maple Leaf Lounges in North America (though you earn one pass for every $10,000 spent), then this may be a good card for you. It charges a $149 annual fee that you can get waived in the first year. It features the same great insurance benefits, the Visa SavingsEdge program and the TD Card Management Tool. One last difference, the TD® Aeroplan® Visa* Business Card only charges 14.99% interest. 

So really, which points program would you rather have?

TD Business Travel Visa* Card Vs.CIBC Aventura® Visa* Card for Business Plus

Another business card, a different rewards program. CIBC will waive the $120 annual fee in the first year, charge 19.99% APR and has a Visa Spend Clarity for Business to track your spending, customize payment controls and use powerful reporting tools. 

Much like the Expedia for TD program, you can book on any airline, every flight, every seat with points that don’t expire with the CIBC Rewards Centre. CIBC’s welcome bonus of 60,000 Aventura points doesn’t seem as strong as TD’s welcome bonus, but the dollar value is about the same (~$1,200). 

A significant differentiator is the lack of emergency medical insurance with CIBC. 

Is the TD Business Travel Visa worth it?

The TD Business Travel Visa* Card is a strong contender in the best business credit card category. With its massive welcome bonus (that serves as a draw to their banking products), high earn rate, great insurance coverage and business tools (TD Card Management Tool), this card stands up against some of the best. If you like the security of a big bank, a credit card you can confidently give to your employees, and want to unlock some bonuses while travelling, this card is a winner. 

FAQs

  • How to switch from TD Business Travel Visa* to regular

    +

    Switching your TD business card without losing points is easy. Simply call 1-800-983-8472 and speak with customer service. If you’re switching to Aeroplan though, be sure to use up as many points as possible, even if it’s to help pay off your balance.

  • Is the annual fee worth it?

    +

    Given the card's travel, insurance and business benefits, the $149 annual fee is justified, especially with the first-year rebate. However, it's essential to compare its pros and cons for what your business needs.

  • Can I use my TD Rewards Points for non-travel expenses?

    +

    Yes, you can redeem your TD Rewards Points for purchases at Amazon.ca, retail business merchandise, gift card and even to pay down the account balance.

About our author

Tyler Wade
Tyler Wade, Content strategist & writer
More from this author

Tyler Wade has worked in personal finance for over 5 years writing for brands like Ratehub, Forbes, KOHO, and now Money.ca. He was the host and producer of the Real Money Talk podcast. He's the father of two, husband to one, and loves all things tiny.

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.