The most effective TD bank cards in Canada

TD is considered one of Canada’s large 5 banks. It affords a wide selection of monetary providers together with a formidable portfolio of greater than two dozen bank cards. We’ve damaged down our picks for the most effective TD bank cards in order that whether or not you’re on the lookout for money again, versatile journey factors, a co-branded journey card, no-fee money again, or low curiosity, you’ve acquired the within info to make your alternative.

Greatest bank card for money again:

TD Money Again Visa Infinite*

The TD Money Again Visa Infinite’s major draw is its sturdy 3% return in three very fashionable spending classes: Groceries, fuel and recurring invoice funds. This, together with the 1% base price that applies to the whole lot 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 payment: $139 (annual-fee rebate—circumstances 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. Situations apply. Account should be permitted by March 4, 2024.
• Earn price: 3% money again on eligible grocery and fuel purchases, and on recurring invoice funds; 1% money again on the whole lot else
• Extra 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 system insurance coverage; financial savings at Avis and Funds; Visa Infinite perks together with meals and wine experiences and concierge. 
• Earnings requirement: $60,000 particular person or $100,000 family

Greatest bank card for versatile journey factors:

TD First Class Journey Visa Infinite* 

Due to the partnership between TD and Expedia, you possibly can redeem TD factors you accumulate on the TD First Class Journey Visa Infinite for just about 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 record. Redemptions on ExpediaforTD.com are tremendous simple: 200 TD Factors are price $1, or, put one other manner, 1 level = 0.5 cents. Spend ceaselessly or save up—your factors by no means expire. Though the earn price is excessive on on a regular basis spending classes, the pliability 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 presents, however remember that you simply’ll get much less worth out of your factors this manner.

• Annual payment: $139 (annual-fee rebate—circumstances 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. Situations apply. Account should be permitted by January 3, 2024. You get an annual birthday bonus of 10% of your earlier 12 months’s factors (as much as 10,000 factors).
• Earn price: 8 factors per $1 for flights booked on-line by means of 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 the whole lot else
• Extra advantages: As much as $2 million in journey medical insurance coverage (as much as 21 days), plus journey cancellation and interruption, widespread service accident, and delayed and misplaced baggage safety; Precedence Cross 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
• Earnings requirement: $60,000 particular person or $100,00 family

Greatest airline bank card:

TD Aeroplan Visa Infinite*

The brand new TD Aeroplan Visa Infinite has a super-impressive welcome provide, a first-year annual payment rebate. You’ll earn between 1 and 1.5 factors per $1 on on a regular basis spending, which may go in the direction of reserving flights on Air Canada or on over two dozen Star Alliance associate 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 bundle is powerful 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 payment: $139 (annual-fee rebate—circumstances 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. Situations apply. Account should be permitted by January 3, 2024. 
• Earn price: Earn 1.5 factors for each greenback spent at eligible fuel stations and grocery shops and straight by means of Air Canada. Earn 1 level per $1 spent on the whole lot else.
• Level worth: Aeroplan factors are price $0.02 on common.

Extra 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 payment rebate each 48 months.

Greatest no payment money again bank card:

TD Money Again Visa*

For these on the lookout for a no-fee money again card, contemplate the TD Money Again Visa. If you spend with this card you’ll earn 1% again on groceries, fuel and recurring payments, and 0.5% on the whole lot else. The perks are lean—anticipate 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 vital to notice that on the subject of simple arithmetic, 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 payment: $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 fuel purchases, and on recurring invoice funds; 0.5% money again on the whole lot else
• Extra 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.
• Earnings requirement: None

Greatest pupil bank card:

TD Rewards Visa*

This card has some options not widespread to rewards playing cards, like no annual payment 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 present playing cards (that you should utilize for sensible gadgets, too), money, journey and even rewards to assist fund your schooling or repay pupil loans.

• Annual payment: $0
• Rates of interest: purchases 19.99%, money advances 22.99%, steadiness transfers 22.99%
• Welcome provide: 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 Payment. Situations apply. Account should be permitted 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 by means of ExpediaForTD.com. For the whole lot else, you’ll earn 1 level per $1 spent.
• Level worth: 1 TD Rewards level = $0.005 when redeemed for journey through Expedia For TD or $0.004 when redeemed by means of different suppliers and web sites.
• Extra 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 system. Situations apply. 
• Earnings requirement: None

Greatest low-interest bank card:

TD Low Fee Visa Card*

Whether or not you’re on the lookout for a steadiness switch bank card, have to finance a giant or surprising buy, or simply wish to rating an ultra-low rate of interest, this card is a superb possibility. 

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

• Welcome bonus: None
• Extra advantages: Earn 50% extra stars at eligible Starbucks places. 

TD All-Inclusive Banking Plan

TD’s All-Inclusive Banking Plan is a premium checking account that gives top-tier providers and worthwhile reductions, a few of which reward these carrying choose TD bank cards. For instance, All-Inclusive Banking Plan account holders obtain an annual payment waiver once they join sure TD bank cards for each the first and one extra 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 along 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 akin to limitless debit transactions and Interac e-Transfers, a small security deposit field, cash orders and personalised and licensed cheques—all included. Moreover, there aren’t any TD transaction charges while you use an ATM in Canada, the U.S. or internationally (apart 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 value. The month-to-month payment is $29.95, or $22.45 for seniors. Nonetheless, for individuals who can afford to maintain $5,000 parked within the account, that payment is rebated, which means all these perks together with the bank card rebates are free. In any other case, you’ll wish to weigh the advantages in opposition to the associated fee. The annual payment comes out to just about $360 (or nearly $270 for seniors) however any bank card rebates would come out of that complete.

Methods to use TD Money Again {dollars}

The TD Money Again Rewards bank card program enables you to redeem on-demand with out time restrictions, in contrast to another applications that prohibit you to as soon as per calendar 12 months. You’ll be able to redeem when you’ve gathered $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 applications on the market, although it’s price mentioning that BMO does have an edge in which you could redeem with as little as $1 in your account.

Methods to redeem TD journey factors

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

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 possibly can put your factors towards reserving free or discounted journey from Expedia, one of many world’s largest journey search 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 individuals 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%)

For those who don’t wish to use Expedia For TD, you do have the pliability to e book elsewhere, akin to straight with an airline or one other journey company. You should utilize TD Factors for just about something travel-related together with flights, inns, excursions and automotive leases. Merely choose the E book Any Approach possibility 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’d 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 the most effective concept. If you wish to earn money with TD, it’s higher to go along with considered one of TD’s money again playing cards. Nonetheless, for those who’re nonetheless seeking to flip your factors into money, you possibly can–simply know that you simply want a minimal of 10,000 factors.

Redeem factors for present playing cards

Common 1 TD level = 0.25 cents (0.25%)

There’s all kinds of present card choices on TDRewards.com, usable towards purchases at retailers together with Greatest Purchase, Canadian Tire, Foot Locker, Mattress Bathtub & Past, and others. That stated, the worth of your redemption accomplished 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 gear to electronics. Factors values on this stuff fluctuate dramatically however usually 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 period 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 fashionable the route is, however you should utilize this calculation:

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

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