Quick overview of the TD U.S. Dollar Visa* Card
The TD U.S. Dollar Visa* Card is tailored for Canadians who frequently travel to or shop in the US. Especially to TD Bank appealing customers, this card allows transactions in US dollars without the hassle of foreign currency conversion rates.
Who can benefit from the TD U.S. Dollar Visa* credit card?
If you’re a regular visitor to the US (here’s lookin’ at you, Snowbirds), or spend more than USD$3,000 per year, avoid the foreign exchange fees and consider if this TD card is right for you.
Pros and cons
- No foreign currency conversion rates and fees.
- Insurance coverages for travel and shopping.
- Digital wallet compatibility with Apple Pay and Samsung Pay.
- Option to waive the annual fee with the TD Borderless Plan.
- $39 annual fee.
- No reward points or cashback.
TD U.S. Dollar Visa* welcome bonus
Currently, the TD U.S. Dollar Visa* Card does not offer a specific welcome bonus.
Earning rewards with the U.S. Dollar Visa Card from TD
The card does not offer points or cashback rewards for purchases.
Key benefits of the TD U.S. Dollar Visa* credit card
The TD U.S. Dollar credit card offers a major advantage for individuals who are billed in US dollars. This card is specifically designed to eliminate the hassle of currency conversion, allowing users to make transactions easily and efficiently. With this feature, cardholders can save time and effort by avoiding the need to convert their currency.
The card also offers comprehensive insurance coverage, including protection against travel accidents, auto rental damage, and delayed baggage. This ensures that cardholders have peace of mind while traveling, knowing that they are protected against unexpected events and potential financial losses.
Finally, if you're planning to make a purchase from an American website, using the U.S. Dollar credit card can be a smart choice. By using this card for your digital payments, you can avoid the costly currency exchange fees that often come with international transactions. This means that you can save money and enjoy a more convenient shopping experience.
TD U.S. Dollar Visa* insurance coverage
Like other TD Bank credit cards, the TD U.S. Dollar Visa Card provides a comprehensive slate of insurance coverage designed to keep you safe at home, in the United States, or wherever your travels take you. These benefits and protections include:
- Common carrier travel accident: Up to $500,000
- Trip interruption insurance: Up to $5,000 per insurance person (maximum $25,000).
- Auto rental collision/Loss damage: Comprehensive coverage for rented vehicles with a maximum MSRP of $65,000.
- Delayed and lost baggage: Up to $1,000 per individual.
- Extended warranty and purchase security: Protection for most items charged to the card.
Optional insurance protections
- Option to waive the annual fee with the TD Borderless Plan bank account, provided certain conditions are met. Additionally, cardholders can enjoy a 10% discount on Avis car rentals.
How the TD U.S. Dollar Visa* compares
This card falls into the category of foreign exchange rate credit cards, designed primarily for travel and international shopping. When considering such a card, it's essential to compare the market to ensure you're making an informed choice.
$0
First Year Value
$0
Annual Value
Get this card if you...
-
frequently travel to the US
-
want to avoid paying an fx fee on USD purchases
-
want insurance benefits
Annual Fee & Annual Interest Rates
$65
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
Our Take
The RBC U.S. Dollar Visa Gold Card is tailored for Canadians who frequently make purchases in U.S. dollars, enabling them to avoid foreign transaction fees by billing transactions directly in USD. Cardholders earn Avion points and benefit from comprehensive travel insurance, including trip cancellation and interruption coverage, as well as rental car insurance.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
Avoid foreign transaction fees for USD purchases
-
Earn points in the RBC Avion rewards program
-
Extensive insurance protections
Cons
-
Rewards are limited versus other reward credit cards
-
Payment required in USD
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
Fees
$65
Annual Fee
2.50%
Foreign Transaction
5.00%
Balance Transfer
Rewards
1
Avion point for every US dollar you spend
3₵
Save 3₵ per litre at Petro-Canada when you connect your RBC credit card to your Petro-Points account
Insurance Benefits
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Our Take
The RBC U.S. Dollar Visa Gold Card is tailored for Canadians who frequently make purchases in U.S. dollars, enabling them to avoid foreign transaction fees by billing transactions directly in USD. Cardholders earn Avion points and benefit from comprehensive travel insurance, including trip cancellation and interruption coverage, as well as rental car insurance.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
Avoid foreign transaction fees for USD purchases
-
Earn points in the RBC Avion rewards program
-
Extensive insurance protections
Cons
-
Rewards are limited versus other reward credit cards
-
Payment required in USD
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
Fees
$65
Annual Fee
2.50%
Foreign Transaction
5.00%
Balance Transfer
Rewards
1
Avion point for every US dollar you spend
3₵
Save 3₵ per litre at Petro-Canada when you connect your RBC credit card to your Petro-Points account
Insurance Benefits
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
TD U.S. Dollar Visa* Card vs Royal Bank U.S. Dollar Visa Card
The RBC Royal Bank's U.S. Dollar Visa Card, with a $65 USD annual fee, offers benefits like guaranteed hotel reservations. Plus, you can earn 1 Avion point for every US dollar spent on purchases. However, the TD U.S. Dollar Visa* Card stands out with its option to waive the annual fee and its comprehensive insurance coverage.
up to 40,000 pts*
Welcome Bonus
$1,612
First Year Value
$312
Annual Value
Welcome Bonus: Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points*. Expires Jul 01, 2025
Get this card if you...
-
travel often and want premium travel perks like lounge access
-
want to avoid paying foreign exchange fees
-
appreciate a good welcome offer
Annual Fee & Annual Interest Rates
$150
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The Scotiabank Passport® Visa Infinite* Card is a travel rewards credit card offering elevated Scene+ points on eligible grocery store purchases, dining, entertainment, and daily transit, with a standard earn rate on all other purchases. Cardholders benefit from no foreign transaction fees, six complimentary airport lounge visits per year through the Visa Airport Companion Program, and comprehensive travel insurance.
Eligibility
Excellent (740+)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
No FX fees means the card saves you significant expenses on foreign transaction fees
-
Earn up to 3x Scene+ points per $1 spent on eligible purchases
-
Flexible and straightforward redemption program
-
Visa acceptance globally compared to American Express, especially outside major cities
-
Enjoy six annual visits to airport lounges
-
Robust insurance offerings, including extended travel emergency medical coverage
-
Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
Cons
-
High annual fee
-
Limited rewards categories for earning reward max rate on purchases
-
Primarily best for travel within Canada
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$150
Annual Fee
0.00%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
Rewards Scene+
3x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Insurance Benefits
$2,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,300 in value in the first 12 months, including up to 40,000 bonus Scene+ points*.
|
Our Take
The Scotiabank Passport® Visa Infinite* Card is a travel rewards credit card offering elevated Scene+ points on eligible grocery store purchases, dining, entertainment, and daily transit, with a standard earn rate on all other purchases. Cardholders benefit from no foreign transaction fees, six complimentary airport lounge visits per year through the Visa Airport Companion Program, and comprehensive travel insurance.
Eligibility
Excellent (740+)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
No FX fees means the card saves you significant expenses on foreign transaction fees
-
Earn up to 3x Scene+ points per $1 spent on eligible purchases
-
Flexible and straightforward redemption program
-
Visa acceptance globally compared to American Express, especially outside major cities
-
Enjoy six annual visits to airport lounges
-
Robust insurance offerings, including extended travel emergency medical coverage
-
Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
Cons
-
High annual fee
-
Limited rewards categories for earning reward max rate on purchases
-
Primarily best for travel within Canada
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$150
Annual Fee
0.00%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
Rewards Scene+
3x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Insurance Benefits
$2,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,300 in value in the first 12 months, including up to 40,000 bonus Scene+ points*.
|
TD U.S. Dollar Visa* Card vs. Scotiabank Passport Infinite® Visa
No, the Scotiabank Passport Infinite® Visa is not a U.S. Dollar credit card, but it charges no foreign exchange fees. It also happens to be a great travel credit card with a strong welcome bonus, strong earning rates on Scene+ points, and airport lounge access. However, its annual fee of $150 may dissuade you.
Brim Financial Mastercard®
$0
First Year Value
$0
Annual Value
Get this card if you...
-
want a no-annual fee card with some perks
-
want a lower foreign transaction fees
-
want flexible payment plans
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.99% - 24.99%
Purchase
21.5% - 24.99%
Cash Advance
19.99% - 24.99%
Balance Transfer
Our Take
The Brim Financial Mastercard is a no-annual-fee credit card offering Canadians benefits such as free Boingo Wi-Fi access, reduced foreign exchange fees, and flexible payment options. Cardholders earn rewards points on purchases, with opportunities for accelerated earnings through Brim's merchant partnerships, and can redeem points for statement credits via the Brim app.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
No annual fee
-
Access Boingo wifi for free and stay always connected
-
Enjoy basic insurance coverage
-
Take advantage of flexible payment plans
-
Lower foreign exchange fee of only 1.5%
Cons
-
Low earn rates when compared to other no-fee cards
-
Poor customer service for card holders
Annual Interest Rates
19.99% - 24.99%
Purchase
21.5% - 24.99%
Cash Advance
19.99% - 24.99%
Balance Transfer
Fees
$0
Annual Fee
1.50%
Foreign Transaction
$3.5
Cash Advance
Rewards
1 point
per $2 spent
Insurance Benefits
$500
Mobile device insurance amount
Our Take
The Brim Financial Mastercard is a no-annual-fee credit card offering Canadians benefits such as free Boingo Wi-Fi access, reduced foreign exchange fees, and flexible payment options. Cardholders earn rewards points on purchases, with opportunities for accelerated earnings through Brim's merchant partnerships, and can redeem points for statement credits via the Brim app.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
No annual fee
-
Access Boingo wifi for free and stay always connected
-
Enjoy basic insurance coverage
-
Take advantage of flexible payment plans
-
Lower foreign exchange fee of only 1.5%
Cons
-
Low earn rates when compared to other no-fee cards
-
Poor customer service for card holders
Annual Interest Rates
19.99% - 24.99%
Purchase
21.5% - 24.99%
Cash Advance
19.99% - 24.99%
Balance Transfer
Fees
$0
Annual Fee
1.50%
Foreign Transaction
$3.5
Cash Advance
Rewards
1 point
per $2 spent
Insurance Benefits
$500
Mobile device insurance amount
TD U.S. Dollar Visa* Card vs. Brim Mastercard
If you’re looking for a credit card that charges no foreign transaction fees and no annual fee, check out the Brim Mastercard. You also earn 1 point per $1 spent and load you up with some insurance for those purchases including extended warranty, purchase protection, mobile device, event ticket cancellation and even travel accident insurance. TD’s insurance is better and you can get that annual fee waived by banking with TD, but if you want cash back rewards, consider the Brim Mastercard.
Is the TD U.S. Dollar Visa* worth it?
The TD U.S. Dollar Visa* Card is a solid choice for Canadians frequently transacting in US dollars, whether you’re travelling or shopping online. Even with its annual fee, it offers significant value, especially with its insurance benefits.
But if cashback rewards are what you seek, explore other options. Overall, for its niche audience, this card comes highly recommended.
TD U.S. Dollar Visa eligibility requirements
In order to be eligible for the TD U.S. Dollar Visa* Card you have to be a Canadian resident and at least the age of majority in your province or territory. There’s no minimum income requirement, but your credit score should be good to excellent.
