The very best TD bank cards in Canada

As considered one of Canada’s Huge Six banks, TD provides a wide selection of economic 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 Canada, so that you just’ve acquired the knowledge to make the selection greatest for you. Whether or not you’re searching for a bank card that’s good for low curiosity, money again (together with one with no annual payment), versatile journey factors (assume: Expedia), a co-branded journey card (that’s Aeroplan), now we have choices for you.

Greatest bank card for money again

If you happen to like money rewards, you’ll need to try the TD Money Again Visa Infinite. Its most important attracts: a robust 3% return in three very fashionable spending classes, and complete roadside help perks. 

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TD Money Again Visa Infinite Card

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• Annual payment: $139
• Earn price: 3% money again on gasoline, grocery and recurring invoice funds; 1% on all different purchases
• Welcome supply: You possibly can 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 should be permitted by June 3, 2024.
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

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Execs:

• Rack up 3 instances the money again on groceries, gasoline and recurring payments
• Cardmembers obtain complimentary roadside service membership, a uncommon bank card perk in Canada, that gives 24 hour emergency assist while you’re on the highway (to get one thing related from the CAA may value you $119). 
• Complete journey insurance coverage consists of: as much as $2 million in journey medical insurance coverage on journeys of as much as 10 days and delayed or misplaced baggage safety.
• Your money again by no means expires and you may redeem it (in $25 increments) everytime you need.

Cons:

• The bonus classes have annual caps: After you spend $15,000 within the gasoline, grocery or recurring invoice fee classes in a 12 months, money again earnings fall to the 1% base price.
• A handful of different money again playing cards earn over 3% on groceries and gasoline. (Examine Canada’s greatest money again playing cards.)
• The minimal family revenue requirement of $60,000 private or $100,000 family is likely to be too excessive for some Canadians to qualify.

Greatest bank card for versatile journey factors

Due to the partnership between TD and Expedia, you possibly can redeem TD factors you gather on the TD First Class Journey Visa Infinite for just about something travel-related. That features inns, trip packages, and flights—at any airline, resort or journey supplier listed on one of many world’s largest journey comparability websites. That flexibility places this card on our greatest TD bank cards record.

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TD First Class Journey Visa Infinite Card

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• Annual payment: $139 (annual payment rebate—situations apply to qualify)
• Earn charges: As much as 8 TD Rewards factors per $1 on journey; 6 factors per $1 on groceries and eating places; 4 factors per $1 on recurring payments; and a couple of factors per $1 on all different purchases
• Welcome supply: You possibly can earn as much as $800 in worth, together with as much as 100,000 TD Rewards Factors and no Annual Price for the primary 12 months. Circumstances apply. Account should be permitted by June 3, 2024. Plus, you get an annual birthday bonus of 10% of your earlier 12 months’s factors (as much as 10,000 factors).
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

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Execs:

• You get 8 TD factors per greenback spent on ExpediaforTD.com (which is a 4% return), making this card among the many highest returns on journey spending for Canadians (a favorite pastime, second solely to actual property). 
• Reap the advantages of anniversary bonuses: cardholders are eligible to obtain as much as a $100 TD Journey credit score and 10% the factors they’ve earned by way of the 12 months.
• Not like the experiences of different journey bank card applications, redemptions with Expedia for TD are tremendous easy: 200 TD factors are price $1 on journey redemptions. No sophisticated rewards charts. No convoluted factors values or calculations wanted.

Cons:

• Whilst you can redeem factors for journey outdoors of Expedia For TD or for merchandise or presents, you’ll get much less worth out of your factors this manner.
• There’s no potential to switch TD factors to different airline or resort loyalty applications.

Greatest for journey with Air Canada

The brand new TD Aeroplan Visa Infinite has loads on supply for travellers, particularly those that choose reserving with Air Canada. 

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TD Aeroplan Visa Infinite Card

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• Annual payment: $139
• Earn charges: 1.5 Aeroplan factors per $1 spent on gasoline, groceries and purchases made instantly by way of Air Canada (together with trip packages), and 1 level per $1 on all different purchases
• Welcome bonus: You possibly can earn a welcome bonus of 10,000 Aeroplan factors while you make your first buy together with your new card; earn 20,000 Aeroplan factors while you spend $6,000 inside 180 days of Account opening. Circumstances apply. Account should be permitted by June 3, 2024. 
• Anniversary bonus: Earn a one-time anniversary bonus of 20,000 Aeroplan factors while you spend $10,000 inside 12 months of opening the account. Circumstances apply. Account should be permitted by June 3, 2024.
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

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Execs:

• Obtain Air Canada perks, together with: most well-liked pricing on journey redemptions, financial savings on baggage charges, and you may lengthen these advantages to as much as 8 journey companions.
• Comes with a sturdy insurance coverage package deal that features as much as $2 million in protection for as much as 21 days. 
• Cardholders can get a rebate on NEXUS charges each two years.
• Get nearer to Aeroplan elite standing by incomes Aeroplan Miles in your on a regular basis purchases (can be utilized for seat upgrades and extra).

Cons:

• You possibly can solely redeem rewards by way of Aeroplan accomplice airways (consists of Air Canada, United, and others), which could restrict your choices for airways and/or locations.
• Whereas profitable, Aeroplan isn’t precisely the only journey factors applications to know, so it might not be the proper match for anybody who would get annoyed with fluctuating redemption values, which may change primarily based on a vacation spot, time of journey and so forth.

Greatest no-fee money again bank card

If you wish to earn money again however don’t wish to pay an annual payment, think about the TD Money Again Visa. Know, although, that the perks are lean—anticipate buy safety and prolonged guarantee—however like different TD playing cards, your money again rewards by no means expire, and you may redeem this cash everytime you need.

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TD Money Again Visa Card

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• Annual payment: $0
• Earn price: 1% money again on eligible grocery and gasoline purchases, and on recurring invoice funds; 0.5% money again on all the things else
• Welcome bonus: None
• Revenue requirement: None

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Execs:

• With no annual charges and no minimal revenue necessities, this card is accessible to many Canadians.
• The rewards may be redeemed everytime you need (however in $25 increments) and by no means expire. 

Cons:

• Incomes 1% on groceries, gasoline, and recurring invoice funds is a relatively low price, as is the 0.5% base price. Think about these different no-fee bank card options.
• There aren’t any actual perks with this card except for a reduction on rental vehicles at Avis and Price range.

Greatest pupil bank card

It’s not frequent to seek out rewards playing cards with out an annual payment, and even much less so with a strong rewards earn price. The TD Rewards Visa Card provides an incredible entry level for college students on a price range.

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TD Rewards Visa Card

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• Annual payment: $0
• Earn charges: 4 TD Rewards factors per $1 spent on journey purchases made by way of Expedia for TD, 3 factors per $1 on groceries and at eating places, 2 factors per $1 on recurring invoice funds, and 1 level on all different purchases
• Welcome supply: You possibly can earn a price of $50 in TD Rewards Factors to make use of on eligible Amazon.ca purchases, plus no annual payment. Circumstances apply. Account should be permitted by June 3, 2024.

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Execs:

• With no annual payment and a low rate of interest, this card has loads on supply for Canadians on a price range.
• You possibly can earn effectively on journey and prime spending classes like groceries.
• TD Rewards is an easy-to-understand factors system, which is ideal for bank card newbies and college students. 

Cons:

• Though you possibly can earn factors while you e book by way of ExpediaforTD.com, there aren’t any journey perks featured on this card. 

Greatest low-interest bank card

If you must finance a giant buy, have an surprising expense, or simply wish to rating an ultra-low rate of interest, this TD bank card is a fairly good choice. 

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TD Low Charge Visa Card

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• Annual payment: $25
• Rates of interest: 12.90% on purchases (13.90% for Quebec residents)
• Welcome bonus: earn an 8.99% promotional rate of interest on Purchases for the primary 6 months from Account opening. Circumstances Apply. Account should be permitted by September 3, 2024.
• Annual revenue requirement: None

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Execs:

• With a low annual payment and low rates of interest (practically half the standard APR), even on money advances, this card is a superb device for managing bills.

Cons: 

• There aren’t any rewards related to utilizing this card, which is typical for a low curiosity bank card.

TD All-Inclusive Banking Plan

TD’s All-Inclusive Banking Plan is a premium checking account that gives top-tier providers and useful 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 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 reminiscent of limitless debit transactions and Interac e-Transfers, a small security deposit field, cash orders and customized and authorized cheques—all included. Moreover, there aren’t any TD transaction charges while you use an ATM in Canada, the U.S. or internationally (aside from alternate price charges). Clearly, bundling accounts with the large 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, that 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 fee. The annual payment comes out to almost $360 (or virtually $270 for seniors) however any bank card rebates would come out of that complete.

The best way to use TD’s cash-back {dollars}

The TD Money Again Rewards bank card program allows you to redeem on-demand with out time restrictions, in contrast to another applications that limit you to as soon as per calendar 12 months. You possibly can 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 applications 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.

The best way to redeem TD journey factors

TD Rewards factors may be redeemed for a spread of reward 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 accordance 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 cent

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 engines like google and on-line journey companies. There aren’t any blackout dates or airline restrictions, and the factors values stay constant regardless 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.

Ebook Any Manner

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

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

If you happen to don’t wish to e book by way of Expedia For TD, you could have the pliability to go elsewhere. That features shopping for your tickets as instantly from an airline or a journey company. You need to use TD factors for just about something travel-related together with flights, inns, excursions and automobile leases. Merely choose the Ebook Any Manner choice while you redeem your factors. The one drawback: 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 cent (0.25%)

All people 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, in the event you’re nonetheless trying to flip your factors into money, you possibly can–simply know that you just want a minimal of 10,000 factors.

Redeem factors for reward playing cards

Common 1 TD level = 0.25 cent (0.25%)

There’s all kinds of reward card choices on TDRewards.com, usable towards purchases at retailers together with Greatest Purchase, Canadian Tire, Foot Locker, Mattress Tub & Past, and others. That mentioned, the worth of your redemption performed 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 these things range 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 shall 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 be capable to redeem factors for flights on Air Canada, plus greater than two dozen Star Alliance members, together with Singapore Airways, Austrian Airways and United.

TD level values range relying on the place you’re flying to and the way in style the route is, however you should use this calculation:

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

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

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

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