If you want to earn travel rewards without paying an annual fee, the TD Canada Rewards Visa Card is a solid choice. It is especially suitable for beginners, students, or people who travel occasionally and want a simple, affordable rewards card.
New cardholders can earn 19,697 TD Rewards Points by keeping their account open and active for 90 days. When used wisely, this welcome bonus can be worth up to $98.
If you want to earn travel rewards without paying an annual fee, the TD Canada Rewards Visa Card is a solid choice. It is especially suitable for beginners, students, or people who travel occasionally and want a simple, affordable rewards card.
New cardholders can earn 19,697 TD Rewards Points by keeping their account open and active for 90 days. When used wisely, this welcome bonus can be worth up to $98.
How You Earn TD Rewards Points
This card performs best when used with Expedia® for TD, TD’s travel booking platform.
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4 points per dollar on travel booked through ExpediaForTD
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3 points per dollar on groceries, food delivery, and dining
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2 points per dollar on recurring bills like phone and internet
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1 point per dollar on all other purchases
There is a $5,000 annual spending cap on groceries, dining, and recurring bills. After reaching the limit, you earn 1 point per dollar. There is no cap on travel spending through ExpediaForTD.
Redeeming Your TD Rewards Points
Points can be redeemed easily through the TD Rewards app or website for:
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Travel bookings on ExpediaForTD
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Statement credits (cash back)
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Gift cards and merchandise
For the best value, use points for travel bookings. Each point is worth 0.5 cents, giving you up to 2% back on travel purchases.
There are no blackout dates, and points can be used for taxes and fees.
Using points for cash back or gift cards lowers the value to 0.25 cents per point, making travel redemption the smarter option.
Limitations to Consider
The TD Rewards program has no airline or hotel transfer partners. Unlike programs such as American Express Membership Rewards, TD points must be used within TD’s system.
This may feel limiting for frequent travelers who want maximum flexibility. TD may also change point values in the future.
Who Should Get This Card?
This card is ideal for:
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First-time credit card users
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Students and young adults
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Occasional travelers
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People who book through ExpediaForTD
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Anyone wanting rewards with no annual fee
Frequent travelers or high spenders may prefer a premium card with lounge access and stronger travel insurance.
Potential Annual Rewards
According to Forbes Advisor, users who stay within spending caps and book through ExpediaForTD can earn around $263 per year in rewards based on average Canadian spending.
Rewards slow down once category limits are reached, so heavy spenders may outgrow this card.
Key Benefits
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$0 annual fee
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Welcome bonus of 19,697 points
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4x points on ExpediaForTD travel
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Easy and flexible redemption
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Discounts on AVIS and Budget rentals
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Extra Starbucks Stars and TD points
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Basic insurance, including mobile device protection
Interest Rates and Fees
Interest Rates
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Purchases: 19.99% (20.99% in Quebec)
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Cash advances: 22.99%
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Balance transfers: 22.99%
Fees
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Annual fee: $0
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Cash advance fee: 1% (min $3.50, max $10)
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Balance transfer fee: 3%
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Foreign transaction fee: 2.5%
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Over-limit fee: $29
Final Verdict
The TD Canada Rewards Visa Card is a simple, reliable no-fee travel rewards card. While it lacks premium features and transfer partners, it works well for light spenders and occasional travelers especially those who prefer booking through ExpediaForTD.
