The very best TD bank cards in Canada

As one in every of Canada’s Massive Six banks, TD gives a wide selection of monetary companies, together with a powerful portfolio of greater than two dozen bank cards. We’ve damaged down our picks for the perfect TD bank cards in Canada, so that you simply’ve obtained the data 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 (suppose: Expedia), a co-branded journey card (that’s Aeroplan), we now have choices for you.

Finest bank card for money again

If you happen to like money rewards, you’ll need to try the TD Money Again Visa Infinite. Its predominant attracts: a robust 3% return in three extremely popular 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 provide: 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. Situations apply. Account have to be authorized by June 3, 2024.
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

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Professionals:

• Rack up 3 instances 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 while you’re on the street (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’ll 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 cost 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 greatest money again playing cards.)
• The minimal family earnings requirement of $60,000 private or $100,000 family is likely to be too excessive for some Canadians to qualify.

Finest 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 resorts, 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 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 pair of factors per $1 on all different purchases
• Welcome provide: You possibly can 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. Situations apply. Account have to be authorized 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 earnings requirement: Private earnings of $60,000 or family earnings of $100,000

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Professionals:

• 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 means of the 12 months.
• In contrast to the experiences of different journey bank card applications, redemptions with Expedia for TD are tremendous simple: 200 TD factors are value $1 on journey redemptions. No difficult 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 presents, you’ll get much less worth out of your factors this manner.
• There’s no capacity to switch TD factors to different airline or lodge loyalty applications.

Finest for journey with Air Canada

The brand new TD Aeroplan Visa Infinite has rather a lot on provide 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 instantly by means 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. Situations apply. Account have to be authorized 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. Situations apply. Account have to be authorized by June 3, 2024.
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

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Professionals:

• Obtain Air Canada perks, together with: most well-liked pricing on journey redemptions, financial savings on baggage charges, and you might lengthen these advantages to as much as 8 journey companions.
• Comes with a sturdy insurance coverage bundle 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 means of 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 best journey factors applications to understand, so it is probably not the proper match for anybody who would get pissed off 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 wish to pay an annual payment, think about the TD Money Again Visa. Know, although, that the perks are lean—count on buy safety and prolonged guarantee—however like different TD playing cards, your money again rewards by no means expire, and you’ll 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 all the things else
• Welcome bonus: None
• Revenue requirement: None

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Professionals:

• With no annual charges and no minimal earnings necessities, this card is accessible to many Canadians.
• The rewards will 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. Contemplate these different no-fee bank card options.
• There aren’t any actual perks with this card apart from a reduction on rental automobiles at Avis and Finances.

Finest pupil bank card

It’s not frequent to search 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 gives a terrific entry level for college kids on a finances.

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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 means 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 provide: 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. Situations apply. Account have to be authorized by June 3, 2024.

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Professionals:

• With no annual payment and a low rate of interest, this card has rather a lot on provide for Canadians on a finances.
• You possibly can earn properly 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 means of ExpediaforTD.com, there aren’t any journey perks featured on this card. 

Finest low-interest bank card

If it is advisable to finance an enormous buy, have an surprising expense, or simply wish to rating an ultra-low rate of interest, this TD bank card is a reasonably good choice. 

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TD Low Price 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. Situations Apply. Account have to be authorized by September 3, 2024.
• Annual earnings requirement: None

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Professionals:

• With a low annual payment and low rates of interest (practically half the standard APR), even on money advances, this card is a good software 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 provides top-tier companies 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 after 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 approved 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 akin to limitless debit transactions and Interac e-Transfers, a small security deposit field, cash orders and customized 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 (aside from trade 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 worth. The month-to-month payment is $29.95, or $22.45 for seniors. Nevertheless, 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 almost $360 (or nearly $270 for seniors) however any bank card rebates would come out of that complete.

The 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, not like another applications that prohibit you to as soon as per calendar 12 months. You possibly can 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 applications on the market, although it’s value mentioning that BMO does have an edge in that you may redeem with as little as $1 in your account.

The way to redeem TD journey factors

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

How a lot is a TD journey level value 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 serps and on-line journey companies. 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.

Guide Any Approach

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 means of Expedia For TD, you will have the pliability to go elsewhere. That features shopping for your tickets as instantly from an airline or a journey company. You should use TD factors for just about something travel-related together with flights, resorts, excursions and automobile leases. Merely choose the Guide Any Approach 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%)

Everyone loves money, however at 400 factors per $1, utilizing your TD factors to get it isn’t the perfect concept. If you wish to earn money with TD, it’s higher to go together with one in every of TD’s money again playing cards. Nevertheless, when 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 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 Finest Purchase, Canadian Tire, Foot Locker, Mattress Bathtub & Past, and others. That stated, the worth of your redemption completed 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 tools to electronics. Factors values on these things fluctuate dramatically however typically 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 era 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 fluctuate relying on the place you’re flying to and the way widespread the route is, however you need to use this calculation:

Worth of 1 Aeroplan level = (worth 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 components would seem 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.