The TD Canada Rewards Visa is a good travel rewards card that doesn’t charge a yearly fee. If a new customer keeps their account open and active for 90 days, they can earn 19,697 TD Rewards Points.
Besides, this card shines when used to buy things or redeem points through ExpediaForTD. For every dollar you spend on their trip portal, you’ll get 4 points.
You can also get the most out of your points by redeeming them through this platform, where you can make 0.5 cents per point. This means you can save up to 2% on your purchases through ExpediaForTD.
You’ll also get 2 points for every dollar spent on bills you pay monthly and 3 points for every dollar spent on food and meals. But if you spend more than $5,000 a year in each area, these earning rates drop to 1 point per dollar. You’ll get one point for every dollar you spend in the other areas.
Other cards that don’t charge an annual fee, like cash back and rewards cards, let you make more and redeem your points wherever you want without losing any of their value.
This card limits how much you can earn by putting a $5,000 limit on purchases like food, restaurants, and recurring bills. If you go over these limits, your win rate drops to 1 point per dollar.
This is a sound credit card for people new to credit cards or students who want to earn travel points without paying an annual fee. But cards with higher earning rates and more perks might be better for people who spend a lot, even if they have yearly fees.
People who plan their trips on ExpediaForTD and only spend a little money should get the TD Rewards Visa Card.
Short Facts
- The most you can earn is 2% when you use ExpediaForTD to book and cash your points.
- Up to $5,000 a year on groceries, meals out, and bills; after that, 1 point per dollar.
- Nice welcome, extra 19,697 points, which are worth up to $98.
TD Canada Rewards Visa Benefits
Earning rewards
It’s easy to get rewards with the TD Rewards Visa Card—just use it for everyday purchases, and the points will be added to your account immediately. The earn rates are fine, but nothing special.
You’ll get 4 points for every dollar you spend on travel through ExpediaForTD, which is great if you use that site a lot. Three points per dollar for food and eating out is the norm, as is two points per dollar for bills that are paid over and over again.
But the card only gives you one point for every dollar you spend on things that aren’t special categories.
The most you can get for each TD Rewards point is usually 0.5 cents. This means you can earn the most between 0.2% and 2% on spending. This isn’t the best compared to cash-back cards that can earn 2% or more on everything. Also, cash-back cards give you more options for how to redeem them.
Of course, one big problem is that you can only spend up to $5,000 a year on things like food, restaurants, and bills. Say you spend $5,000 on food in a year. After that, you’ll only get one point for every dollar spent.
There is no limit on how much you can spend on travel, which is good news for people who often book flights or hotels through ExpediaForTD.
Redeeming Rewards
It’s easy to cash in TD Rewards points you get with the TD Rewards Visa Card through the TD Rewards page or app. You can redeem your points for ExpediaForTD travel, cash-back credits, gift cards, products, and more.
You can get the most out of your points by using ExpediaForTD to buy tickets, where you’ll get a fixed 0.5 cents per point. There are also no blackout dates, and you can use your points to pay for taxes and fees at the airport.
A lot of other reward programs need help to figure out how much your points are worth, have blackout dates, and require you to pay taxes separately. When you use your hard-earned points to pay for things or get gift cards, as with most programs, they lose value.
If you use your points to pay for something, they will be worth half as much. With ExpediaForTD, you won’t get 0.5 cents per point but rather about 0.25 cents per point. This is like giving away a $50 bill for $25.
The biggest problem with TD Rewards is that it needs to have transfer partners. Other systems, like American Express Member Rewards, give you more ways to transfer your points.
You can trade with Aeroplan, Marriott Hotels, and a lot of other places. This is not something that TD Rewards offers.
Because of this, you can only redeem your points through TD’s platform and won’t be able to take advantage of discounts from other programs. Similarly, there’s a chance that your TD Rewards points will lose value.
With TD Rewards, it’s easy to cash in your points but to get the best returns, you should use them for ExpediaForTD travel.
Because of this, this card is best for people who only travel occasionally and want to avoid trying to get the most out of their points by transferring them to other cards.
People who travel a lot should look into a special travel credit card that gives you more points. In most cases, these cards also come with travel insurance and access to airport lounges.
Rewards Potential
With the TD Rewards Visa* Card, you can make some good points, but only some of the. According to Forbes Advisor, the average Canadian will make $263.25 in rewards each year.
This is figured out by looking at how much people usually spend. You’ll need to buy and exchange through ExpediaForTD to get the most out of your rewards. This will give you a 2% return.
You can only get so many rewards because of spending limits on things like groceries, restaurants, and regular bills. You’ll get two to three points for every dollar spent in these areas, but after spending more than $5,000 a year, you’ll only get one point for every dollar.
For instance, once you spend more than the yearly limit on food, you will only get one point for every dollar spent. Keep in mind that the spending limits apply to each type of spending, so going over your shopping limit won’t lower the rate at which you earn money on your recurring bills.
Advantages of the TD Rewards Visa* Card
Signup bonus: 19,697 TD Rewards Points as a welcome gift if you keep the account open for 90 days.
Earning rate: Earn 4 TD Rewards Points for every dollar spent on Expedia® for TD purchases that qualify.
Redemption: You can exchange your points for cash back, to shop on partner sites, or to buy certain items at Amazon.ca.
Perks: You can save money on AVIS and Budget car rentals and earn more TD Rewards points and Starbucks Stars when you shop at Starbucks.
Insurance: Not much insurance, including protection for mobile devices
Interest rates on the TD Rewards Visa* Card
These are the interest rates on the TD Rewards Visa* Card:
- 19.99% purchase
- 20.99% QC
- 22.99% cash advances
- 22.99% balance transfer
Fees
- Cash Advance fee: 1%, with a minimum of $3.50 and a limit of $10.
- Fee to transfer a balance: 3%
- 2.5% fee for foreign transactions
- Fee per year: $0
- The over-limit fee is $29.00.
Summary:
- TD Rewards Visa Card is a no-annual-fee travel rewards card
- A welcome bonus of 19,697 TD Rewards Points
- The card offers 4 points for every dollar spent on travel through ExpediaForTD.
- There are spending limits of $5,000 per year on groceries, meals, and bills.
- There’s no limit on travel spending.
- The average Canadian can earn around $263.25 in rewards annually with this card
Frequently Asked Questions (FAQs) about TD Rewards Visa Card
Q1. What is the TD Rewards Visa Card, and what are its key features?
The TD Rewards Visa Card is a travel rewards card offered by TD Canada that does not charge an annual fee. New customers can earn a welcome bonus of 19,697 TD Rewards Points by keeping their account open and active for 90 days.
Q2. How can I earn TD Rewards Points with this card?
You can earn TD Rewards Points by making everyday purchases using the TD Rewards Visa Card. Specifically, you get 4 points for every dollar spent on travel through ExpediaForTD, 3 points for every dollar spent on food, and 2 points for every dollar spent on bills. Other purchases earn 1 point per dollar.
Q3. What is the earning potential of the TD Rewards Visa Card?
The card offers a maximum return of 2% when using ExpediaForTD to book and cash in points. However, spending limits apply, and after reaching $5,000 a year on groceries, meals, and bills, the earning rate drops to 1 point per dollar.
Q4. How do I redeem TD Rewards Points, and what are the redemption options?
TD Rewards Points can be redeemed through the TD Rewards page or app for ExpediaForTD travel, cash-back credits, gift cards, and other products. The most value is obtained by using points for ExpediaForTD travel, where you can get a fixed 0.5 cents per point.
Q5. Are there any restrictions on spending with the TD Rewards Visa Card?
Yes, there is a $5,000 annual spending limit on categories such as groceries, meals, and bills. If this limit is exceeded, the earning rate drops to 1 point per dollar spent in those categories.
Q6. What are the advantages of the TD Rewards Visa Card?
The card offers a welcome bonus of 19,697 TD Rewards Points, a competitive earning rate, and various redemption options. It also provides perks such as savings on AVIS and Budget car rentals and additional TD Rewards points and Starbucks Stars when shopping at Starbucks.
Q7. What are the interest rates associated with the TD Rewards Visa Card?
The interest rates on the TD Rewards Visa Card are 19.99% for purchases, 20.99% for Quebec residents, 22.99% for cash advances, and 22.99% for balance transfers.
Q8. What fees are associated with the TD Rewards Visa Card?
Fees include a 1% cash advance fee (minimum $3.50, maximum $10), a 3% fee for balance transfers, a 2.5% fee for foreign transactions, and no annual fee. There is also a $29.00 over-limit fee.
Q9. Is there any insurance provided with the TD Rewards Visa Card?
The card offers limited insurance coverage, including protection for mobile devices.
Q10. How can I apply for the TD Rewards Visa Card?
To apply for the TD Rewards Visa Card, you can visit the official TD Canada website or contact TD Canada customer service for assistance. Application requirements and processes may vary.
