TD credit cards offer something for everyone! The Toronto-Dominion Bank (TD), one of Canada's largest banks, has been in the retail banking business since 1955. TD credit cards will satisfy frequent travellers, Starbucks and Amazon fans, as well as those who prefer cash back. Here's our list of the best TD credit cards for Canadians.
TD First Class Travel® Visa Infinite* Credit Card
Annual fee: $120, $50 for the first additional cardholder and $0 for subsequent cardholders
Interest rate: 19.99% on purchases (20.99% for Quebec residents), 22.99% on cash advances. †Conditions apply.
As you might guess from the title, the TD First Class Travel® Visa Infinite* Card is perfect for travellers who like to be pampered. To qualify, you must have an annual personal income of at least $60,000 or a minimum household income of $100,000 and apply for a minimum credit limit of $5,000.
Until October 29, 2022, the TD First Class Travel® Visa Infinite* Card is extremely attractive because of the promotional sign-up offer. You can earn up to 100,000 TD Points and the annual fee is waived for the first year. The TD bonus points are worth approximately $500 in travel credit when you book with TD First Class Travel, plus you save the $170 annual fee for the first year which comes out to $670 worth of welcome offers.
The 100,000 bonus points are broken down into two parts. First, you’ll get 20,000 points when you make a first purchase with your TD First Class Travel® Visa Infinite* Card. Then, you’ll get 80,000 points if you spend $1,500 on the card within 90 days of opening your account. †Conditions apply. Visit the TD website to read all the terms and conditions.
How do I earn TD Points on this TD credit card?
With this TD credit card, you earn TD Points as you shop, which you can then redeem for travel and travel-related purchases. Every dollar you spend on your card earns 3 TD Points. Want more? You can earn up to 9 points when you book travel at TD.com.
If you have a Starbucks Rewards Account, be sure to link your TD First Class Travel® Visa Infinite* Card to it because you get 50% more TD Points at Starbucks.
You can redeem the TD points you've earned for travel with either Expedia (at the time of booking) or another provider (redeem within 90 days of purchase). Your points can also be used to cover expenses during your trip, such as an excursion. Is something stopping you from travelling?
You can use your points to make purchases at Amazon with Amazon's Shop with Points program, or you can get cash back in your account. And remember, as long as you're a cardholder, your points don't expire.
What are the benefits of the TD First Class Travel Visa Infinite* Credit Card?
The TD First Class Travel® Visa Infinite* Card takes care of travellers. It comes with travel medical insurance that covers up to $1,000,000 for the first 21 days.
In the event of trip cancellation, the card offers up to $1,500 in coverage per insured person. In the event of trip interruption, this amount is increased to $5,000, for a total maximum of $25,000 for all insured people taking part in the trip.
You are also covered for up to $500,000 for accidents aboard a common carrier, such as a plane or train. You get emergency travel assistance services, delayed and lost baggage coverage, and a discount on Priority Pass membership; access to 1,200 VIP lounges in airports worldwide.
If you decide to stay closer to home and take a few getaways, the card also offers collision and damage insurance for rental vehicles and a 5% to 10% discount on the lowest rates available at Avis and Budget.
TD Cash Back Visa Infinite* Card
Annual fee: $120, $50 for the first additional cardholder and $0 for subsequent additional cardholders
Interest rate: 20.99% on purchases, 22.99% on cash advances. †Conditions apply.
The TD Cash Back Visa Infinite* Card is great for reducing your account balance! For example, if you make $2,500 in monthly purchases, you could earn about $965 back in the first year in addition to a 10% welcome bonus.
To get it, you must have an annual personal income of at least $60,000 or a minimum household income of $100,000 and apply for a minimum $5,000 credit limit.
For the first 3 months of opening the account, you'll get 10% back on all purchases up to a total of $2,000 in spending. For the first year, TD will not charge you any annual fee. The deadline to apply online is September 5, 2022.
What happens if you spend more than $2,000 in the first 3 months? Gas, groceries and pre-authorized payments will continue to earn 6% cash back up to a total of $3,500 in purchases during the first 3 months.
Essentially, if you exceed the $2,000 spending limit for the 10% cash back offer, it drops to 6% cash back until you hit $3,500 in total purchases. †Conditions apply. Visit the TD website to read all the terms and conditions.
How do I earn cash back on this TD credit card?
A cash back is always an easy way to save money! With the TD Cash Back Visa Infinite* Card, you get 3% cash back on eligible grocery and gas purchases, as well as recurring bill payments that automatically debit your account.
You also get 1% cash back on all other purchases made with your card. Your cash back dollars can be used to pay off your credit card balance.
You can choose to pay it off whenever you want! Your cash back dollars do not expire, as long as you keep your account open and in good standing.
What are the benefits of TD Cash Back Visa Infinite* Card?
The TD Cash Back Visa Infinite* Card offers emergency roadside assistance with a complimentary TD Deluxe Auto Club membership. Another freebie? Visa Infinite* Concierge Service when you travel, shop or use your card.
You also get travel medical insurance covering up to $2,000,000 for the first 10 days abroad.
You can check out other TD Travel Insurance benefits through the Credit Card Travel Insurance Tool. Like most TD cards, this one also saves you money on car rentals from Avis and Budget and includes collision and damage insurance for rented vehicles. Plus, if you have a Starbucks Rewards account, hurry up and link your TD card to it. You'll earn 50% more Stars.
TD® Aeroplan® Visa Infinite* Credit Card
Annual fee: $139, $75 per additional cardholder
Interest rate: 19.99% on purchases (20.99% for Quebec residents), 22.99% on cash advances. †Conditions apply.
The TD® Aeroplan® Visa Infinite* Card allows you to experience the world for less money while enjoying the benefits of Air Canada travel. To qualify, you must have a minimum annual personal of $60,000 or a minimum household income of $100,000 and apply for a minimum $5,000 credit limit.
Until September 5, 2022, TD's special offer allows you to earn up to 50,000 bonus Aeroplan Points and waives the annual card fee for the first year. In total, that could save you up to $1,400!
How do I earn the bonus points?
The Welcome Bonus is 10,000 Aeroplan Points, which you earn with your first purchase. After that, you'll get 20,000 Aeroplan Points if you spend $1,500 on the card in the first 90 days. You can also earn up to 20,000 additional points by spending $7,500 on the card within 12 months of opening the account. †Conditions apply. Visit the TD website to read all the terms and conditions.
How do I earn Aeroplan Points on this TD credit card?
With this card, you earn 1.5 points per dollar on gas, groceries and eligible Air Canada purchases made with your card. You also earn 1 point per dollar on all other card purchases.
How can I maximize my Aeroplan points earning?
You can earn double the points by making purchases with your TD® Aeroplan® Visa Infinite* Card and presenting your Aeroplan Number at partner locations or in the Aeroplan eStore. Plus, if you have a Starbucks Rewards Account, link your TD® Aeroplan® Visa Infinite* Card to it.
You'll earn 50% more Aeroplan Points. You can then redeem your points for any seat on any Air Canada flight, with no restrictions. Air Canada has set up the Points Calculator to help you see what travel you can afford.
What are the benefits of the TD® Aeroplan® Visa Infinite* Card?
TD® Aeroplan® Visa Infinite* Card holders and up to 8 of their travel companions on the same reservation will be able to check their first bag at no charge, provided the trip is initiated on an Air Canada flight. In addition, if you join NEXUS, which is designed to speed up border crossings in Canada and the U.S., you can receive a discount on your membership fee.
This card also offers a wide range of travel insurance benefits:
- Medical insurance up to $1,000,000 for the first 21 days,
- Trip cancellation and interruption insurance,
- Flight delay insurance up to $500 per insured person,
- Delayed or lost baggage insurance,
- Common carrier accident insurance,
- Hotel/motel theft insurance up to $2,500 per occurrence,
- Collision and damage insurance for rental vehicles and emergency travel assistance services.
With the TD® Aeroplan® Visa Infinite* Card, you'll never envy other travellers again!
TD Cash Back Visa* Card
Annual fee: None
Interest rate: 19.99% on purchases (20.99% for Quebec residents), 22.99% on cash advances. †Conditions apply.
Discouraged by the qualification requirements for the first three TD credit cards? Don't worry, the TD Cash Back Visa* Card is more accessible and still very attractive. To be eligible, you need to be a Canadian resident and the age of majority in your province or territory. The minimum credit limit is $500.
With the TD Cash Back Visa* Card, your grocery store purchases, gasoline purchases and automatic recurring bill payments all earn 1% cash back. You also earn 0.5% cash back on all other card purchases. If you make approximately $2,000 in monthly purchases, you could earn about $195 back over the course of a year. You can also earn 50% more Stars at Starbucks if you link the card to your Starbucks account, just like with other TD credit cards.
For every $25 in cash back you earn, you can use it to pay down your account balance. Rest assured, your cash back dollars don't expire, as long as your account remains open and in good standing. †Conditions apply. Visit the TD website to read all the terms and conditions.
TD U.S. Dollar Visa* Card
Annual fee: $39 US, additional cards free
Interest rate: 19.99% on purchases (20.99% for Quebec residents), 22.99% on cash advances. †Conditions apply.
Love the U.S.? The TD U.S. Dollar Visa* Card allows you to pay for purchases in U.S. dollars with no currency conversion fees. It's great for those who don't want to worry about the math! There is no minimum income requirement. However, the credit limit is at least $1,000 or more.
In addition to eliminating currency conversion fees, this TD credit card offers trip interruption insurance, common carrier accident insurance, emergency assistance and delayed or lost baggage insurance. Plus, you get the same benefits as other TD cards at Avis and Budget, plus collision and damage insurance for rental vehicles. †Conditions apply. Visit the TD website to read all the terms and conditions.
TD Platinum Travel Visa* Card
Annual fee: $89, $35 for the first additional cardholder, $0 for subsequent additional cardholders
Interest rate: 19.99% on purchases (20.99% for Quebec residents), 22.99% on cash advances. †Conditions apply.
Are you a traveller at heart, but the other TD credit cards still haven't piqued your interest? The TD Platinum Travel Visa* Card could be for you! It has a minimum credit limit of $1,000. Its promotional welcome offer includes up to 50,000 TD Rewards points and the annual fee is waived for the first year, for a total value of $370. Offer ends on October 29, 2022.
The TD Platinum Travel Visa* Card allows you to redeem your points for travel, and purchases on Amazon. You earn 3 points per dollar on groceries and recurring bill payments, 5 points per dollar on travel purchases through Expedia for TD, and 2 points per dollar on all other purchases made with your card. The TD Platinum Travel Visa* Card provides you with insurance coverage for a range of risks: flight/travel delay insurance, delayed or lost baggage, accident on a common carrier, and emergency travel assistance. †Conditions apply. Visit the TD website to read all the terms and conditions.
The Toronto-Dominion Bank has definitely thought about Canadians who are looking forward to travelling again in 2022 and beyond. Take the time to compare credit cards to find the TD credit card that's right for you and have fun!
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About The Author: Maude Gauthier
Passionate about finance, entrepreneurship and real estate, Maude has explored these three themes in hundreds of blog posts. Before moving into writing and marketing in 2018, she worked in university research for several years. Graduated, re-graduated, and over-graduated, don't be surprised to cruise into an online course or conference. Variety and diversity are her watchwords!
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