TD Rewards Visa Card
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The TD Rewards Visa Card is a no-annual-fee credit card designed to help you earn points on everyday purchases and travel. It offers flexibility in redeeming rewards for travel, merchandise, and more, with added perks for spending at certain retailers and through Expedia For TD.
Welcome Offer:
Earn 15,152 TD Rewards Points (worth $50 on Amazon.ca) when you spend $500 within the first 90 days. Offer valid until January 6, 2025.
Summary:
This credit card comes with no annual fee, so you won’t have to pay anything to keep the card. For purchases, the interest rate is 19.99%, which applies if you carry a balance. If you take out a cash advance, the interest rate is slightly higher at 22.99%. Keep in mind, it’s best to pay your balance in full each month to avoid paying interest.
Rewards:
With this credit card, you can earn rewards quickly based on how you spend. You’ll get 4 points for every dollar spent on travel booked through Expedia For TD, making it a great choice if you often book trips. You’ll also earn 3 points per dollar on groceries and dining, perfect for everyday spending. For recurring bill payments, you’ll collect 2 points per dollar, and for all other purchases, you’ll still earn 1 point per dollar. This card offers a nice range of ways to rack up rewards.
Benefits:
This card offers flexible TD Rewards Points, which you can redeem for a variety of things like travel, gift cards, and more. You’ll also enjoy discounts on car rentals with Avis and Budget, which can help save on trips. Plus, the card works with mobile payment options like Apple Pay and Google Pay, making it convenient to pay on the go.
Insurance:
- Mobile Device Insurance: Coverage up to $1,000 for eligible phones.
- Purchase Security and Extended Warranty: Covers eligible purchases against theft or damage for 90 days.
Editor’s Review: TD Rewards Visa Card
Introduction
The TD Rewards Visa Card* is a no-fee, flexible travel rewards credit card offering points on everyday purchases. Cardholders can earn and redeem TD Rewards Points on travel, shopping, and even paying down balances. With rewards for grocery shopping, dining, and recurring bill payments, this card appeals to budget-conscious consumers looking to earn points on their daily spending without the cost of an annual fee.
Rates
- Purchase APR: 19.99%
- Cash Advance APR: 22.99%
- Credit Limit: Based on approval
Rewards
- 4x points per $1 on travel booked via Expedia For TD
- 3x points on groceries and dining
- 2x points on pre-authorized payments (e.g., subscriptions)
- 1x point on all other purchases
- Welcome Bonus: Earn up to 15,152 points by spending $500 within the first 90 days.
Fees
- Annual Fee: $0
- Foreign Transaction Fee: 2.5%
- Cash Advance Fee: $3.50
Benefits
- Mobile Device Insurance up to $1,000 against loss or damage
- TD Rewards redemption flexibility (travel, Amazon, gift cards, and balance credit)
- Expedia For TD offers enhanced travel rewards, with exclusive deals and no blackouts.
Insurance Coverage
- Mobile Device Insurance: Coverage up to $1,000
- Purchase Security & Extended Warranty: Coverage for damage or theft within 90 days of purchase.
General Card Overview
The TD Rewards Visa Card* is an accessible, no-fee option that offers competitive travel rewards for everyday spending. The ability to earn points across essential categories like groceries, dining, and recurring bills makes it a versatile choice for users looking to accumulate travel points without high fees or complex terms.
Pros & Cons
Pros:
- No annual fee
- Flexible point redemption options
- Strong rewards on groceries, dining, and travel
- Mobile device insurance included
Cons:
- 2.5% foreign transaction fee
- Lower points on non-bonus categories
- Limited travel perks compared to premium cards
Best For
This card is best suited for budget-conscious travelers who want to earn points on daily expenses without paying an annual fee, especially those who frequently book travel through Expedia For TD.
Optimal Spending Behavior
- Maximize 4x points by booking travel via Expedia For TD.
- Use the card for groceries, dining, and recurring bills to leverage 3x and 2x points.
- Redeem points on a variety of rewards like travel, gift cards, or Amazon purchases.
Card Comparison
| Feature | TD Rewards Visa* | TD First Class Travel Visa Infinite* | Scotiabank Passport Visa Infinite |
|---|---|---|---|
| Annual Fee | $0 | $139 | $139 |
| Grocery/Dining Rewards | 3x | 3x | 2x |
| Travel Rewards | 4x (Expedia) | 8x (Expedia) | 2x |
| Foreign Transaction Fee | 2.5% | 2.5% | None |
| Insurance Coverage | Limited | Extensive | Extensive |
Final Verdict
The TD Rewards Visa Card* is a solid choice for earning rewards on everyday spending, especially for those who book travel through Expedia. With no annual fee and flexible redemption options, it provides good value for budget travelers or everyday users who want to earn points with minimal effort.
- Rewards: 7.5/10
- Fees: 9/10
- Rates: 7/10
- Benefits: 6.5/10
Overall Score: 7.5/10.
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Disclaimer: Refer to the credit card official web page for the latest up to date rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.
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