The very best TD bank cards in Canada

TD is one in all Canada’s massive 5 banks. It presents a big selection of monetary companies together with a formidable portfolio of greater than two dozen bank cards. We’ve damaged down our picks for one of the best TD bank cards in order that whether or not you’re in search of money again, versatile journey factors, a co-branded journey card, no-fee money again, or low curiosity, you’ve received the within data to make your alternative.

Finest bank card for money again:

TD Money Again Visa Infinite*

The TD Money Again Visa Infinite’s most important draw is its robust 3% return in three very fashionable spending classes: Groceries, gasoline and recurring invoice funds. This, together with the 1% base price that applies to every little thing else, makes it one of many highest-earning money again playing cards in Canada. Even higher, your money again by no means expires and you may redeem it (in $25 increments) everytime you need. 

This card additionally comes with just a few notable perks, together with as much as $2 million in journey medical insurance coverage on journeys of as much as 10 days and delayed or misplaced baggage safety. Drivers and commuters will probably be within the included deluxe membership in TD Auto Membership (roadside service membership), rental automotive collision/loss injury safety, and reductions for leases at Funds and Avis. As a Visa Infinite card, it will get you perks like entry to a concierge and luxurious occasions.

• Annual price: $139 (annual-fee rebate—situations apply to qualify.)
• Rates of interest: purchases 20.99%, money advances 22.99%, steadiness transfers 22.99%
• Welcome bonus: You’ll be able to earn as much as $500 in worth, together with 10% in Money Again {Dollars} within the first 3 months on Bonus Eligible Purchases as much as a complete spend of $3,500. Circumstances apply. Account have to be authorised by March 4, 2024.
• Earn price: 3% money again on eligible grocery and gasoline purchases, and on recurring invoice funds; 1% money again on every little thing else
• Further advantages: Roadside service protection with a deluxe membership within the TD Auto Membership; as much as $2 million in journey medical insurance coverage (as much as 21 days); auto rental collision/loss injury safety; cellular gadget insurance coverage; financial savings at Avis and Funds; Visa Infinite perks together with meals and wine experiences and concierge. 
• Revenue requirement: $60,000 particular person or $100,000 family

Finest bank card for versatile journey factors:

TD First Class Journey Visa Infinite* 

Due to the partnership between TD and Expedia, you may redeem TD factors you accumulate on the TD First Class Journey Visa Infinite for nearly something travel-related together with inns, trip packages, and flights—at any airline, lodge or journey supplier listed on one of many world’s largest journey comparability websites. That flexibility put this card on our greatest TD bank cards checklist. Redemptions on ExpediaforTD.com are tremendous simple: 200 TD Factors are price $1, or, put one other method, 1 level = 0.5 cents. Spend often or save up—your factors by no means expire. Though the earn price is excessive on on a regular basis spending classes, the flexibleness of this card is considerably dampened by the comparatively decrease worth of the factors—different journey bank cards earn you factors which might be price one cent or extra. You’ll be able to redeem factors for journey exterior of Expedia For TD or for merchandise or items, however remember that you just’ll get much less worth out of your factors this manner.

• Annual price: $139 (annual-fee rebate—situations apply to qualify).
• Rates of interest: purchases 20.99%, money advances 22.99%, steadiness transfers 22.99%
• Welcome bonus: earn as much as 115,000 TD Rewards factors. Circumstances apply. Account have to be authorised by January 3, 2024. You get an annual birthday bonus of 10% of your earlier yr’s factors (as much as 10,000 factors).
• Earn price: 8 factors per $1 for flights booked on-line via Expedia For TD and charged to your account; 6 Factors per $1 on groceries & eating places; 4 factors per $1 spent on recurring payments; 2 factors per $1 spent on every little thing else
• Further advantages: As much as $2 million in journey medical insurance coverage (as much as 21 days), plus journey cancellation and interruption, frequent provider accident, and delayed and misplaced baggage safety; Precedence Go membership low cost; auto rental collision/loss injury safety and financial savings at Avis and Funds; Visa Infinite perks together with meals and wine experiences and concierge
• Revenue requirement: $60,000 particular person or $100,00 family

Finest airline bank card:

TD Aeroplan Visa Infinite*

The brand new TD Aeroplan Visa Infinite has a super-impressive welcome supply, a first-year annual price rebate. You’ll earn between 1 and 1.5 factors per $1 on on a regular basis spending, which may go in direction of reserving flights on Air Canada or on over two dozen Star Alliance accomplice alliances. 

The cardboard has a slew of journey perks, together with most well-liked pricing when reserving flights on factors and financial savings on baggage charges on Air Canada flights. The insurance coverage package deal is strong and consists of medical insurance coverage, auto rental loss and collision protection. And between Aeroplan’s rewards chart and beneficiant stopover coverage, there are many alternatives to maximise your factors values and journey choices additional. 

• Annual price: $139 (annual-fee rebate—situations apply to qualify)
• Rates of interest: purchases 20.99%, money advances 22.99%, steadiness transfers 22.99%
• Welcome bonus: You’ll be able to earn as much as 35,000 Aeroplan factors. Circumstances apply. Account have to be authorised by January 3, 2024. 
• Earn price: Earn 1.5 factors for each greenback spent at eligible gasoline stations and grocery shops and instantly via Air Canada. Earn 1 level per $1 spent on every little thing else.
• Level worth: Aeroplan factors are price $0.02 on common.

Further rewards: Complete journey insurance coverage together with as much as $2 million in journey medical for the primary 21 days of your journey; first checked bag is free for you and as much as 8 different travellers on the identical reservation; enroll in Nexus and get an software price rebate each 48 months.

Finest no price money again bank card:

TD Money Again Visa*

For these in search of a no-fee money again card, take into account the TD Money Again Visa. Whenever you spend with this card you’ll earn 1% again on groceries, gasoline and recurring payments, and 0.5% on every little thing else. The perks are lean—count on buy safety and prolonged guarantee—however like different TD playing cards, your money again by no means expires, and you may redeem it everytime you need (in $25 increments).

It’s necessary to notice that with regards to basic math, this isn’t the greatest no-fee bank card on the market. The Tangerine Cash Again is a more sensible choice, providing as much as 2% again on as much as three spending classes. 

• Annual price: $0
• Rates of interest: purchases 19.99%, money advances 22.99%, 22.99%
• Welcome bonus: None
• Earn price: 1% money again on eligible grocery and gasoline purchases, and on recurring invoice funds; 0.5% money again on every little thing else
• Further advantages: Buy safety and prolonged guarantee; save a minimal of 10% off of automotive leases at Avis and Funds in Canada and the U.S., and a minimal of 5% off internationally.
• Revenue requirement: None

Finest pupil bank card:

TD Rewards Visa*

This card has some options not frequent to rewards playing cards, like no annual price and a strong earn price for reward factors. All of this makes it completely suited to college students on a finances. You’ll be able to redeem your factors for reward playing cards (that you need to use for sensible objects, too), money, journey and even rewards to assist fund your schooling or repay pupil loans.

• Annual price: $0
• Rates of interest: purchases 19.99%, money advances 22.99%, steadiness transfers 22.99%
• Welcome supply: You’ll be able to earn a price of $65 in TD Rewards Factors to make use of on eligible Amazon.ca purchases, plus no Annual Charge. Circumstances apply. Account have to be authorised by January 3, 2024.
• Earn price: Earn 3 TD Rewards factors for each $1 spent on groceries and at eating places, 2 factors for per $1 paid on recurring invoice funds, and 4 factors for each $1 in journey purchases made via ExpediaForTD.com. For every little thing else, you’ll earn 1 level per $1 spent.
• Level worth: 1 TD Rewards level = $0.005 when redeemed for journey by way of Expedia For TD or $0.004 when redeemed via different suppliers and web sites.
• Further advantages: Save a minimal of 10% off of automotive leases at Avis and Funds in Canada and the U.S., and a minimal of 5% off internationally. You’ll additionally obtain buy safety and prolonged guarantee, in addition to as much as $1,000 in protection on your cellular gadget. Circumstances apply. 
• Revenue requirement: None

Finest low-interest bank card:

TD Low Charge Visa Card*

Whether or not you’re in search of a steadiness switch bank card, have to finance a giant or sudden buy, or simply wish to rating an ultra-low rate of interest, this card is a good choice. 

• Annual price: $25
• Rates of interest: purchases 12.9%, money advances 12.9%, steadiness transfers 12.9%

• Welcome bonus: None
• Further advantages: Earn 50% extra stars at eligible Starbucks areas. 

TD All-Inclusive Banking Plan

TD’s All-Inclusive Banking Plan is a premium checking account that provides top-tier companies and priceless reductions, a few of which reward these carrying choose TD bank cards. For instance, All-Inclusive Banking Plan account holders obtain an annual price waiver after they join sure TD bank cards for each the first and one further card holder—for so long as they carry the account. Simply how a lot are you able to save? A bundle. The TD Money Again Visa Infinite, for instance, prices $139 yearly plus $50 for as much as one licensed cardholder. The $189 annual financial savings properly offsets the account charges whereas permitting you to leverage the perks related together with your bank card. Eligible playing cards embrace the next: TD Aeroplan Visa Infinite, TD Aeroplan Visa Platinum, TD First Class Journey Visa Infinite, TD Platinum Journey Visa, and TD Money Again Visa Infinite.

Sweetening the pot for account holders, TD rewards with premium chequing account advantages equivalent to limitless debit transactions and Interac e-Transfers, a small security deposit field, cash orders and customized and licensed cheques—all included. Moreover, there aren’t any TD transaction charges if you use an ATM in Canada, the U.S. or internationally (aside from change price charges). Clearly, bundling accounts with the massive banks has its perks, together with that it retains issues easy.

This premium account does come at a premium worth. The month-to-month price is $29.95, or $22.45 for seniors. Nevertheless, for many who can afford to maintain $5,000 parked within the account, that price is rebated, that means all these perks together with the bank card rebates are free. In any other case, you’ll wish to weigh the advantages towards the price. The annual price comes out to just about $360 (or virtually $270 for seniors) however any bank card rebates would come out of that whole.

Learn how to use TD Money Again {dollars}

The TD Money Again Rewards bank card program permits you to redeem on-demand with out time restrictions, not like another packages that prohibit you to as soon as per calendar yr. You’ll be able to redeem when you’ve accrued $25 (that’s the minimal redeemable quantity, too) and your cash-back rewards by no means expire. The TD program is without doubt one of the most versatile cash-back packages on the market, although it’s price mentioning that BMO does have an edge in that you would be able to redeem with as little as $1 in your account.

Learn how to redeem TD journey factors

TD Rewards factors might be redeemed for a variety of reward playing cards, merchandise and even money–however they’re at the beginning made for journey redemptions, particularly from the Expedia For TD web site. The worth of your factors varies in keeping with what you redeem them for, and the way. We break down the choices beneath:

How a lot is a TD journey level price on Expedia For TD

200 TD factors = $1 / 1 TD level = 0.5 cents

You’ll get the perfect worth out of your factors when redeeming on ExpediaforTD.com. There, you may put your factors towards reserving free or discounted journey from Expedia, one of many world’s largest journey engines like google and on-line journey businesses. There aren’t any blackout dates or airline restrictions, and the factors values stay constant irrespective of how, when or the place you’re travelling, making this methodology a winner for many who don’t wish to spend their time deciphering rewards charts.

E book Any Approach

250 TD factors = $1 on the preliminary $1,200 of journey reserving / 1 TD level = 0.4 cents (0.4%)

200 TD factors = $1 on any quantity that’s over $1,200 / 1 TD level = 0.5 cents (0.5%)

If you happen to don’t wish to use Expedia For TD, you do have the flexibleness to guide elsewhere, equivalent to instantly with an airline or one other journey company. You should utilize TD Factors for nearly something travel-related together with flights, inns, excursions and automotive leases. Merely choose the E book Any Approach choice when redeeming factors. The one drawback right here is that at 0.4 of a cent per level on the preliminary $1,200, you’ll get barely much less worth than you’ll on Expedia For TD. This works out to about 25% much less worth per level.

Redeem factors for money

400 TD level = $1 / 1 TD level = 0.25 cents (0.25%)

Everyone loves money, however at 400 factors per $1, utilizing your TD factors to get it isn’t one of the best concept. If you wish to earn money with TD, it’s higher to go along with one in all TD’s money again playing cards. Nevertheless, if you happen to’re nonetheless trying to flip your factors into money, you may–simply know that you just want a minimal of 10,000 factors.

Redeem factors for reward playing cards

Common 1 TD level = 0.25 cents (0.25%)

There’s all kinds of reward card choices on TDRewards.com, usable towards purchases at retailers together with Finest Purchase, Canadian Tire, Foot Locker, Mattress Tub & Past, and others. That stated, the worth of your redemption completed this manner matches what you’d get when utilizing factors for money again so that you’re higher off utilizing one other methodology.

Redeem factors for merchandise

TD factors can be utilized towards an enormous number of merchandise, from train tools to electronics. Factors values on this stuff fluctuate dramatically however typically will hover between 0.2 and 0.35 of a cent per level.

About TD Aeroplan rewards

Aeroplan launched a program overhaul on November 8, 2020, at which era Aeroplan factors will probably be redeemable for flights primarily based on a redemption chart that breaks up the world into 4 completely different journey zones: North America, Atlantic, Pacific and South America. You’ll have the ability to redeem factors for flights on Air Canada, plus greater than two dozen Star Alliance members, together with Singapore Airways, Austrian Airways and United.

Factors values fluctuate relying on the place you’re flying to and the way in style the route is, however you need to use this calculation:

Worth of 1 Aeroplan level = (worth of ticket – charges) ÷ Aeroplan factors wanted to redeem

So, for instance, if a round-trip flight from Toronto to Vancouver has a base fare of $405 and $20 in charges, your method would appear like this:

($405 – $20) ÷ 25,000 TD factors = 1.54 cents per 1 Aeroplan level

You too can maximize your factors values by including stopovers, getting baggage charges waived, and so forth.