Toronto Dominion Bank, or TD Canada Trust, has a comprehensive lineup of credit cards available for Canadians, including cards that offer Aeroplan points, cash back, and TD Rewards. Simply put, there are TD credit cards for every customer’s needs and income level.
Similar to other bank loyalty programs, such as National Bank’s A la Carte Rewards, the TD Rewards program offers a flexible points currency that can be earned and redeemed through a variety of methods.
Earning TD Rewards Points
There are two main ways in which you can earn TD Rewards points: credit card welcome bonuses and organic credit card spending.
Credit Card Bonuses
Similar to many other bank loyalty programs in Canada, the quickest way to earn TD Rewards points is through credit card sign-up bonuses.
TD Canada Trust offers four eligible TD credit cards that earn TD Rewards: the TD Rewards Visa, the TD Platinum Travel card, the TD First Class Travel Visa Infinite card, and the TD Business Travel card. With three personal credit cards and one business credit card available, it is easy to pick the right card that matches your personal needs and income level.
The TD Rewards Visa card has no minimum income requirement and no annual fee.
The TD Rewards Visa* Card earns TD Rewards points and gives cardholders the opportunity to earn 4x TD Rewards on purchases at Expedia For TD.
15,152 TD Rewards
$500
$76+
$0
Yes
Jan 6, 2025
The TD Platinum Travel Visa card has no minimum income requirement and an annual fee of $89.
The TD Platinum Travel card earns TD Rewards points and gives cardholders the opportunity to earn 5x TD Rewards on purchases at Expedia For TD.
50,000 TD Rewards
$1,000
$250+
$89 (FYF)
Yes
Jan 6, 2025
The TD First Class Travel Visa Infinite card has a minimum personal income requirement of $60,000 or a minimum household income requirement of $100,000 and an annual fee of $120.
The TD First Class Travel® Visa Infinite* card earns TD Rewards points and gives cardholders the opportunity to earn 8x TD Rewards on purchases at Expedia for TD.
Check out our TD First Class Travel Visa Infinite card review for more information.
In 2024, we awarded this card as the Best Fixed Value Points Credit Card.
135,000 TD Rewards
$5,000
$675+
$139 (FYF)
Yes
Jan 6, 2025
The TD Business Travel Visa card is the only credit card available for small businesses and sole proprietors that earns TD Rewards points. This card has no minimum income requirement and has an annual fee of $149.
The TD Business Travel card earns TD Rewards points and gives cardholders the opportunity to earn 9x TD Rewards on purchases at Expedia for TD.
175,000 TD Rewards
$30,000
$875+
$149 (FYF)
Yes
Jan 6, 2025
The offers on these cards tend to change quarterly, so keep an eye out for new offers popping up. Click to view the newest TD credit card offers.
Credit Card Spending
You can also earn TD Rewards for all purchases on the above cards, at different earning rates depending on the category of spend.
| TD Credit Card | Earn Rate on Expedia for TD Purchases | Category Earn Rate | Earn Rate on All Other Purchases |
|---|---|---|---|
| TD Rewards Visa | 3 points per dollar spent on Expedia for TD travel purchases | 2 points per dollar spent at grocery, restaurants, recurring bill payments | 1 point per dollar spent on all other eligible purchases |
| TD Platinum Travel Visa | 5 points per dollar spent on Expedia for TD travel purchases | 3 points per dollar spent at grocery stores and recurring bill payments | 2 points per dollar spent on all other eligible purchases |
| TD First Class Travel Visa Infinite | 9 points per dollar spent on Expedia for TD travel purchases | N/A | 3 points per dollar spent on all other eligible purchases |
| TD Business Travel Visa | 9 points per dollar spent on Expedia for TD travel purchases | 6 points per dollar on restaurants, recurring bill payments, and foreign currency transactions | 2 points per dollar spent on all other eligible purchases |
Redeeming TD Rewards Points
TD Canada Trust clients are able to redeem TD points through six methods: Expedia for TD, book any way travel, Amazon.ca credit, gift cards & merchandise, a statement credit, and education credit. All redemption options can be accessed through the TD Rewards website.
Expedia For TD
TD Rewards points can be redeemed through the Expedia for TD service, which is essentially a version of Expedia that is branded for TD customers. This means that anything that is typically bookable with Expedia including, flights, hotels, vacation packages, car rentals, and more are all available to redeem points towards.
Points can be redeemed for Expedia for TD at a rate of 200 points per $1 (0.5 cents per point). The minimum amount of points that can be redeemed is 200 TD Rewards.
Learn More: The Complete Guide to Expedia for TD
If you wish to redeem your points for travel expenses and book through Expedia for TD, visit this page and log into your TD Rewards account. Then, click the “Go to ExpediaForTD.com now” button.
From there, you will be presented with your standard third-party booking tool/search function; simply select what you are interested in booking and enter the relevant details.
Of note, when you are looking at the options for your booking it will list the total point cost, total dollar cost, and the number of TD Rewards you can earn on this booking if paying cash (as it takes into account the bonus multiplier on your credit card).
Once you reach the final booking page where you are able to enter your personal details and method of payment, you can scroll down and see the option to apply your TD Rewards points towards the booking. You can use all, some, or none of your points.
Expedia for TD is by far the best way to redeem your TD Rewards points as you will be able to redeem TD points for the greatest cents per point value through this method. If at all possible, we recommend always using your TD points for Expedia for TD since it is the easiest way to maximize value while still reducing travel costs.
If for any reason Expedia for TD will not work for your specific needs, the second best option is to utilize the “Book any way” travel redemption option.
Book Any Way Travel
TD Rewards points can be redeemed for “Book any way” travel. This means that you are able to apply your TD points towards an external travel expense that you made on your TD Rewards credit card.
There are three categories of expenses that are accepted for redemption through this method:
- Transportation Expenses: Air travel (and applicable fees), airport transportation (parking, limos, shuttles), scooter and car rentals, cruises, vacation ferries, and public transportation expenses.
- Accommodation Expenses: Hotel stays (including bed and breakfasts, villas, etc), vacation condominium rentals, campsites, motorhome and RV rentals (including RV parking and campsites), resort and spa vacations, outfitter-tailored trips, and houseboat rentals.
- Activity Expenses: Theme park tickets, watercraft rentals (including boats and jetskis), local tours or excursions, ski rentals and lift tickets, restaurant bills, theatre tickets, gasoline, and travel medical insurance.
When it comes to redeemed points towards restaurant bills, theatre tickets, and gasoline purchases, these purchases must be made while traveling and these transactions will be scrutinized when you are making a redemption to ensure they were actually made for travel purposes.
TD Rewards points can be redeemed for “Book any way” travel at a rate of 250 TD points per $1 (0.4 cents per point). This rate improves to 200 TD points per $1 for every dollar redeemed over $1,200 during the same “Book any way” travel request (0.5 cents per point). A minimum of 250 TD Rewards points must be redeemed.
If you wish to redeem your TD points through this method, simply visit this page and log into your TD Rewards account. It is important to note that you must submit a request to redeem within 90 days of the original transaction date.
From there, you will be presented with the below screen. Fill out the relevant information exactly as it appears on your TD Rewards credit card account including the transaction date, transaction description, and amount. You are able to add multiple transactions into one redemption by clicking the “Add another transaction” button.
Once submitted, you can expect to see the reimbursements on your TD Rewards credit card account within a few business days if they are approved.
This is the second best option to redeem TD Rewards points since the redemption value is only slightly below that of redeeming at Expedia for TD. If you are looking for added flexibility with your TD Rewards points (as in you want to book directly with Marriott Bonvoy to take advantage of status benefits), this is definitely the best way to redeem.
Not to mention, the refundable hotel trick can be taken advantage of to turn your TD points into cash at a rate of 0.4 cents per point.
Amazon.ca Credit
TD Rewards can be redeemed towards credit for your next Amazon.ca purchase. In order to apply your TD Rewards points, you will need to link your credit card to your Amazon.ca account here. Once enrolled, you will be able to use points as a payment method when you are checking out.
TD Rewards points are worth 0.33 cents per point when using them towards an Amazon.ca purchase and a minimum of 3 TD Rewards points must be redeemed. 0.33 cents per point is below the recommended value you can get out of your points so we would recommend avoiding Amazon.ca when you redeem points.
Gift Cards & Merchandise
TD Rewards can be redeemed for gift cards and merchandise from various retailers.
Gift cards can typically be redeemed at a rate of 10,500 TD Rewards points per $25 (0.25 cents per point). From time to time, there are promotions that may reduce the redemption cost to as low as 7,500 TD Rewards for $25 (0.33 cents per point). Gift cards are available for retailers such as Hudson’s Bay, Golf Town, and more.
On the other hand, merchandise is available in a variety of categories such as home electronics, appliances, recreation, and more. The redemption rates for these items are varied, however, the cent per point ratio is typically very poor.
As with every miles and points program, there is very rarely if ever a good use case to redeem points for gift cards or merchandise. If you are dead set on making a material purchase with your points, the better option would be to utilize the refundable hotel trick to liquidate your points to cash and then make the purchase normally.
Statement Credit
TD Rewards can be redeemed for a statement credit which will be applied to your TD credit card account.
The minimum redemption you can make when converting your TD Rewards to cash is 10,000 TD Rewards which equals $25 (0.25 cents per point). For every 400 TD Rewards you redeem after the initial 10,000 in the same transaction, you will gain $1 (0.25 cents per point). Redemptions are processed 5-7 business days after you make your redemption.
With a 0.25 cents per point redemption rate, this is not a good redemption and we recommend looking at either of the travel redemption options if you want to get the most out of your points.
Education Credit
TD Rewards can be redeemed for an education credit from HigherEdPoints which can be applied towards tuition or student loans.
The only redemption option for educational credits is redeeming 62,500 TD Rewards for a $250 education credit (0.4 cents per point). Once redeemed, you will receive a confirmation code that can be used to apply the credit through HigherEdPoints.com towards the tuition or loan at the institution or loan program of your choice.
Surprisingly, this is actually not a bad redemption option for your TD Rewards points. With a 0.4 cents per point redemption rate, redeeming for an education credit is on par with redeeming for “Book any way” travel. If you are looking to choose between those two options, simply pick the one that makes the most sense for your personal situation.
Frequently Asked Questions
One TD Reward point is worth 0.5 cents. This value can easily be extracted by redeeming your points for a booking through the Expedia for TD platform.
TD Rewards points can be redeemed in six different ways: travel bookings through Expedia for TD, book any way travel, Amazon.ca credit, gift cards & merchandise, a statement credit, and education credits.
TD Rewards points never expire provided you have an active TD Rewards credit card account and it is in good standing. If you close your TD Rewards credit card, you have 90 days to redeem the points before they expire.
No, TD Rewards points cannot be transferred or sold from one person or account to another.
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Do these points expire? Can they be transferred to another points program and which programs are accepted?
As long as you are a cardholder, no. They cannot be transferred to other programs.
a client’s parent died recently leaving approximately 1.5 million points on the credit card. Is there no way to take advantage of these points, ie transferring them to beneficiaries. It doesn’t seem air that something that was earned by spending money using your card should just disappear. That is like giving TD a payment without getting anything of value in exchange
Different issuers treat their points differently, but TD considers their points to have ‘no cash value’. Intuitively, it would make sense to me that points would generally be the property of the estate to disburse as deemed appropriate. However, it is unfortunately not possible to transfer TD Rewards points directly to another person. Perhaps the executor could simply redeem the points and then transfer the redemption to the beneficiaries?