Toronto-Dominion Bank (TD), one of Canada’s Big Five national banks, has a widespread presence across the country, providing a diverse array of financial products and services, including TD credit cards. These cards are widely accepted and offer attractive benefits such as lucrative cash back rates, access to the Aeroplan program for travel rewards, and competitive interest rates. To assist you in selecting the most suitable TD Visa card, here’s our curated list of the best TD credit cards.
Applying for a TD credit card is straightforward and can be done through various channels. Here’s a simplified step-by-step guide:
While applying online is typically the simplest method, you also have the option to apply in person at a TD branch or over the phone if you prefer direct assistance.
You can utilize your TD credit cards wherever Visa is accepted, as TD exclusively issues Visa cards.
Interest is levied on any outstanding balance not paid by the due date each month. The interest rate varies based on the card type and transaction type, typically hovering around 19.99%. However, premium cards may have higher rates, while basic cards may have lower rates.
To fully enjoy the perks of TD rewards and benefits cards, you must adhere to specific usage requirements, which might entail minimum purchase thresholds or maximum benefit limits.
Your eligibility for TD credit cards depends on your individual needs and financial circumstances. Each card has its own set of qualifications, so it’s advisable to review all available options to determine the most suitable card and ensure eligibility for the desired benefits.
TD credit cards feature three primary rewards programs: cash back, TD Rewards, and Aeroplan. While cash back is straightforward, the two travel programs can impact the benefits and value of accrued points. Understanding these programs is crucial when selecting a credit card.
Among the top TD credit cards, many offer TD Rewards, valued between $0.0025 to $0.005 per point, contingent on the chosen redemption method. The optimal value is achieved by redeeming points for travel through Expedia. Alternatively, points can be redeemed for various merchandise, statement credits, or used towards tuition or student loans.
With a TD cash back credit card, you earn cash back rewards on all eligible purchases. These rewards can be utilized to offset your account balance anytime once you’ve accumulated a minimum of $25 in cash back. Alternatively, you can opt to receive the cash back payout in January each year, with no minimum balance required. Both redemption options are available through TDRewards.com.
To maximize the value of your TD Rewards points for travel, utilize Expedia for TD. Simply log in to TDRewards.com and click on the Expedia icon. From there, you can search for various types of travel options. When you’re ready to book, you can choose the number of points you wish to redeem. Please note that there’s a minimum redemption requirement of 200 TD Rewards points, equivalent to $1 in travel.
TD is an official partner of Aeroplan. With a TD Aeroplan credit card, your accrued points are transferred to your Aeroplan account monthly when your statement is issued. Once in your Aeroplan account, you can redeem points for various travel rewards available at Aeroplan.com. For further details on Aeroplan, refer to our Aeroplan Points Guide.
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