Quick overview

Quick Overview of the TD Business Travel Visa* Card

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. 

Who's the card for?

Who's the TD Business Travel Visa* Card for?

The TD Business Travel Visa* Card is ideal for Canadian businesses that frequently travel. Whether you're a small business owner or a corporate executive, the card offers a range of benefits that can enhance your travel experience. From the high rewards rates on Expedia bookings to the comprehensive insurance coverage, the TD Business Travel Visa* Card is designed to meet business travel needs and provide cardholders with peace of mind while on the go.

Pros and cons

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

TD Business Travel Visa* Card welcome bonus

Before June 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).
How to earn rewards

How to earn TD Rewards points with the TD Business Travel Visa* credit card

Despite the $149 annual fee, the TD Business Travel Visa* Card is a lucrative travel rewards powerhouse that provides companies with impressive rewards in a wide variety of critical business travel categories. 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.

The easiest way to redeem TD Rewards is through eligible travel bookings through Expedia for TD. Business Travel Visa account managers can use TD Rewards points towards "Book Any Way" travel bookings through Expedia for TD or opt to use points for statement credits and education credits or to purchase gift cards or merchandise.

Key benefits

TD Business Travel Visa* Card key benefits

The TD Business Travel Visa* Card offers a range of key benefits that make it an excellent choice for frequent travelers. With this card, you can enjoy the convenience of no travel blackouts or seat restrictions, giving you the freedom to book your travel through any agency. Additionally, you have the flexibility to use your points to cover taxes and fees on your travel bookings, making it even more cost-effective. This card truly understands the needs of business travelers and aims to provide them with a seamless and hassle-free experience.

Insurance coverage

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.
Extra benefits

Extra benefits of the Business Travel Visa* credit card from TD The card also provides a suite of benefits designed to support businesses on business trips, at the office or even when planning a company get-together. Additional features of the TD Business Travel Visa* Card include:

  • 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 it compares

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 it worth it?

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. 

Eligibility requirements

TD Business Travel Rewards Visa* eligibility requirements

TD has specific requirements when applying for a business credit card. For starters, the company must be a registered and operating business in Canada. Additionally, the applicant must be a Canadian resident and of the age of majority in their province/territory of residence. While these requirements seem restrictive, it still leaves the door open to freelancers and other small or part-time proprietors to open a business credit card account.

FAQs

FAQs

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

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    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?

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    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?

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    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.

Tyler Wade Content strategist & writer

Tyler Wade has worked in personal finance for over 5 years writing for brands like Ratehub, Forbes, KOHO, and now Money.ca.

Cory Santos Finance editor

Cory Santos is a finance writer, editor and credit card expert with over seven years of experience in personal finance. Formerly an Ontario resident, Cory currently calls sunny South Florida home, helping snowbirds find their ideal credit cards and financial products. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, AOL, MSN, Medium and more. When he isn't scouring for the latest credit card deals and offers, Cory can be found working on his various historical research projects, jogging, or hanging out with his cats, Bentley and Cougar.

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