The very best TD bank cards in Canada

As one in every of Canada’s Massive Six banks, TD provides a wide selection of economic 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 Canada, so that you simply’ve received the knowledge to make the selection finest for you. Whether or not you’re in search of a bank card that’s good for low curiosity, money again (together with one with no annual payment), versatile journey factors (suppose: Expedia), a co-branded journey card (that’s Aeroplan), we’ve choices for you.

Finest bank card for money again

In case you like money rewards, you’ll need to try the TD Money Again Visa Infinite. Its principal attracts: a powerful 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 fuel, grocery and recurring invoice funds; 1% on all different purchases
• Welcome supply: 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 accepted 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 occasions the money again on groceries, fuel and recurring payments
• Cardmembers obtain complimentary roadside service membership, a uncommon bank card perk in Canada, that gives 24 hour emergency assist if you’re on the highway (to get one thing comparable from the CAA may price 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 fuel, 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 fuel. (Examine Canada’s finest money again playing cards.)
• The minimal family revenue requirement of $60,000 private or $100,000 family could be too excessive for some Canadians to qualify.

Finest bank card for versatile journey factors

Because of the partnership between TD and Expedia, you possibly can redeem TD factors you accumulate on the TD First Class Journey Visa Infinite for nearly something travel-related. That features accommodations, trip packages, and flights—at any airline, lodge 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 checklist.

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TD First Class Journey Visa Infinite Card

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• Annual payment: $139 (annual payment rebate—circumstances 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 pair of factors per $1 on all different purchases
• Welcome supply: You’ll be able to earn as much as $800 in worth, together with as much as 100,000 TD Rewards Factors and no Annual Charge for the primary 12 months. Circumstances apply. Account have to be accepted 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 via the 12 months.
• In contrast to the experiences of different journey bank card packages, redemptions with Expedia for TD are tremendous simple: 200 TD factors are price $1 on journey redemptions. No sophisticated rewards charts. No convoluted factors values or calculations wanted.

Cons:

• When you can redeem factors for journey exterior of Expedia For TD or for merchandise or items, you’ll get much less worth out of your factors this fashion.
• There’s no capacity to switch TD factors to different airline or lodge loyalty packages.

Finest for journey with Air Canada

The brand new TD Aeroplan Visa Infinite has loads on supply for travellers, particularly those that favor 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 fuel, groceries and purchases made straight via Air Canada (together with trip packages), and 1 level per $1 on all different purchases
• Welcome bonus: You’ll be able to earn a welcome bonus of 10,000 Aeroplan factors if you make your first buy along with your new card; earn 20,000 Aeroplan factors if you spend $6,000 inside 180 days of Account opening. Circumstances apply. Account have to be accepted by June 3, 2024. 
• Anniversary bonus: Earn a one-time anniversary bonus of 20,000 Aeroplan factors if you spend $10,000 inside 12 months of opening the account. Circumstances apply. Account have to be accepted 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 can lengthen these advantages to as much as 8 journey companions.
• Comes with a strong 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’ll be able to solely redeem rewards via Aeroplan associate 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 packages to understand, so it might not be the best match for anybody who would get annoyed with fluctuating redemption values, which might change primarily based on a vacation spot, time of journey and so forth.

Finest no-fee money again bank card

If you wish to earn money again however don’t need to pay an annual payment, contemplate 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 fuel purchases, and on recurring invoice funds; 0.5% money again on every little thing else
• Welcome bonus: None
• Earnings 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 might be redeemed everytime you need (however in $25 increments) and by no means expire. 

Cons:

• Incomes 1% on groceries, fuel, and recurring invoice funds is a relatively low price, as is the 0.5% base price. Think about these different no-fee bank card alternate options.
• There are not any actual perks with this card apart from a reduction on rental vehicles at Avis and Price range.

Finest scholar bank card

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

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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 via 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’ll be able to 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 have to be accepted 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 funds.
• You’ll be able to earn nicely on journey and high 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 if you ebook via ExpediaforTD.com, there are not any journey perks featured on this card. 

Finest low-interest bank card

If you have to finance an enormous buy, have an sudden expense, or simply need to rating an ultra-low rate of interest, this TD bank card is a fairly good possibility. 

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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 have to be accepted by September 3, 2024.
• Annual revenue requirement: None

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Execs:

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

Cons: 

• There are not 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 provides top-tier companies and beneficial 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 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 approved 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 equivalent to limitless debit transactions and Interac e-Transfers, a small security deposit field, cash orders and personalised and licensed cheques—all included. Moreover, there are not any TD transaction charges if you use an ATM in Canada, the U.S. or internationally (aside from trade 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 many 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 need to weigh the advantages in opposition to the associated fee. The annual payment comes out to just about $360 (or virtually $270 for seniors) however any bank card rebates would come out of that whole.

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

The TD Money Again Rewards bank card program enables you to redeem on-demand with out time restrictions, not like another packages that prohibit you to as soon as per calendar 12 months. You’ll be able to redeem when you’ve collected $25 (that’s the minimal redeemable quantity, too) and your cash-back rewards by no means expire. The TD program is among 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.

The best way to redeem TD journey factors

TD Rewards factors might be redeemed for a spread of present playing cards, merchandise and even money–however they’re at first made for journey redemptions, particularly from the Expedia For TD web site. The worth of your factors varies based on 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 cent

You’ll get the easiest 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 serps and on-line journey companies. There are not 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 need to spend their time deciphering rewards charts.

E-book 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%)

In case you don’t need to ebook via Expedia For TD, you have got the pliability to go elsewhere. That features shopping for your tickets as straight from an airline or a journey company. You should use TD factors for nearly something travel-related together with flights, accommodations, excursions and automobile leases. Merely choose the E-book Any Manner possibility if 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 one of the best concept. If you wish to earn money with TD, it’s higher to go along with one in every of TD’s money again playing cards. Nonetheless, in the event you’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 cent (0.25%)

There’s all kinds of present card choices on TDRewards.com, usable towards purchases at retailers together with Finest Purchase, Canadian Tire, Foot Locker, Mattress Tub & Past, and others. That mentioned, the worth of your redemption finished this fashion 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 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 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 be capable of 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 fashionable the route is, however you should utilize 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 to be 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.