The best TD credit cards in Canada

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As one of Canada’s Big Six banks, TD offers a wide array of financial services, including an impressive portfolio of more than two dozen credit cards. We’ve broken down our picks for the best TD credit cards in Canada, so that you’ve got the information to make the choice best for you. Whether you’re looking for a credit card that is perfect for low interest, cash back (including one with no annual fee), flexible travel points (think: Expedia), a co-branded travel card (that’s Aeroplan), we have options for you.

Best credit card by category	Why we love it
Best for cash back TD Cash Back Visa Infinite Annual fee: $139	3% cash back on eligible grocery and gas purchases, as well as recurring bill payments set up on the card
Best for flexible travel points TD First Class Travel Visa Infinite Annual fee: $139	A variety of travel redemption options
Best for travel with Air Canada TD Aeroplan Visa Infinite Annual fee: $139	Generous welcome bonus and robust travel insurance
Best for no-fee cash back TD Cash Back Visa Annual fee: $0	Cash back rewards with no annual fee
Best for students TD Rewards Visa Annual fee: $0	Rewards with no annual fee
Best for low interest TD Low Rate Visa Credit Card Annual fee: $25	Competitively low interest rate

Best credit card for cash back

If you like cash rewards, you’ll want to take a look at the TD Cash Back Visa Infinite. Its main draws: a strong 3% return in three very popular spending categories, and comprehensive roadside assistance perks. 

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Best credit card for flexible travel points

Thanks to the partnership between TD and Expedia, you can redeem TD points you collect on the TD First Class Travel Visa Infinite for virtually anything travel-related. That includes hotels, vacation packages, and flights—at any airline, hotel or travel provider listed on one of the world’s largest travel comparison sites. That flexibility puts this card on our best TD credit cards list.

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Best for travel with Air Canada

The new TD Aeroplan Visa Infinite has a lot on offer for travellers, especially those who prefer booking with Air Canada. 

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Best no-fee cash back credit card

If you want to earn cash back but don’t want to pay an annual fee, consider the TD Cash Back Visa. Know, though, that the perks are lean—expect purchase security and extended warranty—but like other TD cards, your cash back rewards never expire, and you can redeem this money whenever you want.

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Best student credit card

It’s not common to find rewards cards without an annual fee, and even less so with a solid rewards earn rate. The TD Rewards Visa Card offers a great entry point for students on a budget.

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Best low-interest credit card

If you need to finance a big purchase, have an unexpected expense, or just want to score an ultra-low interest rate, this TD credit card is a pretty good option. 

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TD All-Inclusive Banking Plan

TD’s All-Inclusive Banking Plan is a premium bank account that offers top-tier services and valuable discounts, some of which reward those carrying select TD credit cards. For example, All-Inclusive Banking Plan account holders receive an annual fee waiver when they sign up for certain TD credit cards for both the primary and one additional card holder—for as long as they carry the account. Just how much can you save? A bundle. The TD Cash Back Visa Infinite, for example, costs $139 annually plus $50 for up to one authorized cardholder. The $189 annual savings nicely offsets the account fees while allowing you to leverage the perks associated with your credit card. Eligible cards include the following: TD Aeroplan Visa Infinite, TD Aeroplan Visa Platinum, TD First Class Travel Visa Infinite, TD Platinum Travel Visa, and TD Cash Back Visa Infinite.

Sweetening the pot for account holders, TD rewards with premium chequing account benefits such as unlimited debit transactions and Interac e-Transfers, a small safety deposit box, money orders and personalized and certified cheques—all included. Additionally, there are no TD transaction fees when you use an ATM in Canada, the U.S. or internationally (except for exchange rate fees). Clearly, bundling accounts with the big banks has its perks, including that it keeps things simple.

This premium account does come at a premium price. The monthly fee is $29.95, or $22.45 for seniors. However, for those who can afford to keep $5,000 parked in the account, that fee is rebated, meaning all these perks including the credit card rebates are free. Otherwise, you’ll want to weigh the benefits against the cost. The annual fee comes out to nearly $360 (or almost $270 for seniors) but any credit card rebates would come out of that total.

How to use TD’s cash-back dollars

The TD Cash Back Rewards credit card program lets you redeem on-demand without time restrictions, unlike some other programs that restrict you to once per calendar year. You can redeem once you’ve accumulated $25 (that’s the minimum redeemable amount, too) and your cash-back rewards never expire. The TD program is one of the most flexible cash-back programs out there, though it’s worth mentioning that BMO does have an edge in that you can redeem with as little as $1 in your account.

How to redeem TD travel points

TD Rewards points can be redeemed for a range of gift cards, merchandise and even cash–but they’re first and foremost made for travel redemptions, specifically from the Expedia For TD website. The value of your points varies according to what you redeem them for, and how. We break down the options below:

How much is a TD travel point worth on Expedia For TD

200 TD points = $1
1 TD point = 0.5 cent

You’ll get the very best value from your points when redeeming on ExpediaforTD.com. There, you can put your points toward booking free or discounted travel from Expedia, one of the world’s largest travel search engines and online travel agencies. There are no blackout dates or airline restrictions, and the points values remain consistent no matter how, when or where you’re travelling, making this method a winner for those who don’t want to spend their time deciphering rewards charts.

Book Any Way

250 TD points = $1 on the initial $1,200 of travel booking
1 TD point = 0.4 cent (0.4%)

200 TD points = $1 on any amount that is over $1,200
1 TD point = 0.5 cent (0.5%)

If you don’t want to book through Expedia For TD, you have the flexibility to go elsewhere. That includes buying your tickets as directly from an airline or a travel agency. You can use TD points for virtually anything travel-related including flights, hotels, tours and car rentals. Simply select the Book Any Way option when you redeem your points. The one disadvantage: At 0.4 of a cent per point on the initial $1,200, you’ll get slightly less value than you would on Expedia For TD. This works out to about 25% less value per point.

Redeem points for cash

400 TD point = $1
1 TD point = 0.25 cent (0.25%)

Everybody loves cash, but at 400 points per $1, using your TD points to get it isn’t the best idea. If you want to earn cash with TD, it’s better to go with one of TD’s cash back cards. However, if you’re still looking to turn your points into cash, you can–just know that you need a minimum of 10,000 points.

Redeem points for gift cards

Average 1 TD point = 0.25 cent (0.25%)

There’s a wide variety of gift card options on TDRewards.com, usable toward purchases at retailers including Best Buy, Canadian Tire, Foot Locker, Bed Bath & Beyond, and others. That said, the value of your redemption done this way matches what you’d get when using points for cash back so you’re better off using another method.

Redeem points for merchandise

TD points can be used toward a huge variety of merchandise, from exercise equipment to electronics. Points values on these items vary dramatically but generally will hover between 0.2 and 0.35 of a cent per point.

About TD Aeroplan rewards

Aeroplan launched a program overhaul on November 8, 2020, at which time Aeroplan points will be redeemable for flights based on a redemption chart that breaks up the world into four different travel zones: North America, Atlantic, Pacific and South America. You’ll be able to redeem points for flights on Air Canada, plus more than two dozen Star Alliance members, including Singapore Airlines, Austrian Airlines and United.

TD point values vary depending on where you’re flying to and how popular the route is, but you can use this calculation:

Value of 1 Aeroplan point = (price of ticket – fees) ÷ Aeroplan points needed to redeem

For an example: if a round-trip flight from Toronto to Vancouver has a base fare of $405 and $20 in fees, your formula would look like this:

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

You can also maximize your points values by adding stopovers, getting baggage fees waived, and so forth.