Why trust us
MoneySense is an award-winning personal finance magazine that has helped Canadians manage their money since 1999. Our editorial team of trained journalists consults with leading finance experts across Canada and compares product offers from more than a dozen major institutions, including banks, credit unions and card issuers. We aim to present clear, objective analysis to help you choose the financial products that best fit your needs.
TD is one of Canada’s Big Six banks and offers an extensive lineup of credit cards—more than two dozen choices across cash back, travel rewards, low-interest and no-fee options. Below we highlight our top TD cards in key categories so you can quickly find the best fit for your spending patterns and priorities, whether that’s cash back, flexible travel redemptions via Expedia, Air Canada Aeroplan benefits, student-friendly rewards or a card with a lower interest rate.
| Best credit card by category | Why we recommend it |
|---|---|
| Best for cash back TD Cash Back Visa Infinite Annual fee: $139 |
3% cash back in popular categories such as groceries and gas, plus rewards on recurring bill payments |
| Best for flexible travel points TD First Class Travel Visa Infinite Annual fee: $139 |
Flexible travel redemptions through Expedia for TD |
| Best for travel with Air Canada TD Aeroplan Visa Infinite Annual fee: $139 |
Strong Aeroplan welcome bonus and extensive travel insurance |
| Best for no-fee cash back TD Cash Back Visa Annual fee: $0 |
Cash back without an annual fee |
| Best for students TD Rewards Visa Annual fee: $0 |
No-fee rewards card made for new cardholders and students |
| Best for low interest TD Low Rate Visa Annual fee: $25 |
A much lower purchase interest rate than typical credit cards |
Best credit card for cash back
The TD Cash Back Visa Infinite stands out for shoppers who want strong, straightforward cash-back returns. It pays up to 3% cash back in several common spending categories and includes valuable roadside assistance benefits.
Editor’s take: The 3% cash-back rate on grocery and gas purchases and for recurring bills is competitive. While the $139 annual fee may deter some cardholders, the generous rewards and extras could offset that cost for frequent spenders in the bonus categories.
TD Cash Back Visa Infinite Card
Annual fee: $139 (rebated first year)
- 3% cash back on eligible groceries, gas, EV charging, public transit, recurring bills, streaming and digital gaming
- 1% on other purchases
Welcome offer: Earn up to $600 in value, including 10% in Cash Back Dollars in the first three months on bonus-eligible purchases up to a total spend of $3,500. Conditions apply.
Card details
| Interest rates | 21.99% on purchases; 22.99% on cash advances (21.99% in Quebec); 22.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 680 or higher (recommended) |
Pros
- 3% cash back on groceries, gas and recurring bills in bonus categories
- Complimentary roadside assistance—an uncommon card benefit that can be valuable for drivers
- Extensive travel insurance, including up to $2 million in emergency medical coverage on short trips
- Cash back never expires and can be redeemed in $25 increments
- Link the card to participating Starbucks offers to earn additional rewards (terms apply)
Cons
- Bonus categories have an annual cap—after $15,000 in eligible spending each year, rewards drop to the base rate
- Other cash-back cards can offer higher rates in specific categories
- Income requirements may be too high for some applicants
Best credit card for flexible travel points
The TD First Class Travel Visa Infinite is built around flexible travel redemptions through Expedia for TD. Points earned on this card can be applied to flights, hotels, vacation packages and more, across a wide range of airlines and travel suppliers—making it a strong choice for travellers who value simplicity and choice.
Editor’s take: Frequent travellers will appreciate the straightforward value and flexibility of TD Rewards when redeeming through Expedia for TD.
TD First Class Travel Visa Infinite Card
Annual fee: $139 (waived first year)
- 8 TD Rewards Points per $1 on travel booked through Expedia for TD
- 6 points per $1 on groceries, dining and public transit
- 4 points per $1 on recurring bills, streaming and digital gaming
- 2 points per $1 on other purchases
Welcome offer: Earn up to $1,300 in value, including up to 146,000 TD Rewards Points, plus a first-year annual fee rebate. Conditions apply.
Card details
| Interest rates | 21.99% on purchases; 22.99% on cash advances (21.99% in Quebec); 22.99% on balance transfers (21.99% in Quebec) |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 680 or higher (recommended) |
| Anniversary bonus | Annual bonus of 10% of the previous year’s points (up to 10,000 points) |
Pros
- Excellent earnings on travel booked through Expedia for TD—among the best travel returns available
- Anniversary bonuses and clear, predictable point values when redeemed through Expedia for TD
- Global lounge access with several complimentary entries via Visa airport programs
- Extra Starbucks rewards options when you link the card (terms apply)
Cons
- Redemptions outside Expedia for TD typically provide lower value
- TD points do not transfer to most airline or hotel loyalty programs
Best for travel with Air Canada
The TD Aeroplan Visa Infinite is tailored for travelers who collect Aeroplan points and frequently fly with Air Canada or Star Alliance partners. The card combines Aeroplan earning rates with a robust insurance package and Air Canada-specific perks.
Editor’s take: If you’re an Aeroplan program supporter, this TD card is an appealing way to accumulate points and access travel-related benefits.
TD Aeroplan Visa Infinite Card
Annual fee: $139 (waived first year)
- 1.5 Aeroplan points per $1 on gas, EV charging, groceries and Air Canada purchases
- 1 point per $1 on other purchases
Welcome offer: Up to $1,350 in value, including up to 40,000 Aeroplan points, plus a first-year annual fee rebate and travel benefits. Conditions apply.
Card details
| Interest rates | 21.99% on purchases; 22.99% on cash advances (21.99% in Quebec); 22.99% on balance transfers (21.99% in Quebec) |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 680 or higher (recommended) |
| Point value | Aeroplan points average about $0.02 each when redeemed for flights, depending on routing and demand |
Pros
- Air Canada perks such as preferred pricing on Aeroplan redemptions and baggage savings
- Extensive travel insurance—coverage is strong for longer trips
- Periodic rebates for NEXUS fees and opportunities to earn toward Aeroplan status
- Complimentary lounge visits via Visa airport programs
Cons
- Rewards are tied primarily to Aeroplan redemptions, which may limit non-Air Canada options
- Aeroplan’s redemption values can vary by route and date, making valuations less predictable for some users
Best no-fee cash back credit card
If you want to earn cash back without paying an annual fee, the TD Cash Back Visa is a simple, no-cost option. It offers modest rewards on everyday spending and keeps redemption rules straightforward: cash back never expires and can be redeemed in $25 increments.
Editor’s take: This card is notable because it offers cash-back rewards without the usual $139 fee many TD cards charge. It’s a solid pick for people who want rewards without extra cost, though the earn rates are modest.
TD Cash Back Visa Card
Annual fee: $0
- 1% cash back on groceries, gas, EV charging, public transit, recurring bills, streaming and digital gaming
- 0.5% cash back on other purchases
Welcome offer: Earn up to $100 in Cash Back Dollars. Conditions apply.
Card details
| Interest rates | 21.99% on purchases; 22.99% on cash advances (21.99% in Quebec); 22.99% on balance transfers |
| Income required | None specified |
| Credit score | 640 or higher (recommended) |
Pros
- No annual fee and no stated minimum income requirement make the card accessible
- Rewards never expire and can be redeemed at will (in $25 increments)
Cons
- Earning rates are modest compared with some other no-fee cards
- Few additional perks beyond basic purchase security and rental car discounts
Best student credit card
The TD Rewards Visa Card is a no-annual-fee rewards option suited to students or first-time cardholders. It offers elevated points on travel booked through Expedia for TD and on everyday spending categories like groceries and dining.
Editor’s take: For students who want a simple, no-fee card that still earns rewards, this is a practical choice—helpful for learning responsible credit use while collecting points on everyday purchases.
TD Rewards Visa Card
Annual fee: $0
- 4 TD Rewards points per $1 on travel through Expedia for TD
- 3 points per $1 on groceries, dining and public transit
- 2 points per $1 on recurring bills, streaming and digital gaming
- 1 point per $1 on other purchases
Welcome offer: Receive a value of $100 in TD Rewards Points for eligible Amazon.ca purchases, along with no annual fee. Conditions apply.
Card details
| Interest rates | 21.99% on purchases; 22.99% on cash advances (21.99% in Quebec); 21.99% on balance transfers |
| Income required | None specified |
| Credit score | 640 or higher (recommended) |
| Point value | 1 TD Rewards point ≈ $0.005 when redeemed for travel through Expedia for TD |
Pros
- No annual fee and reasonable earning rates on travel and everyday categories
- Simple points system that’s easy for first-time cardholders to understand
Cons
- Limited travel perks compared with premium travel cards
Best low-interest credit card
When carrying a balance or financing a large purchase, a low-interest card can save a significant amount on interest charges. The TD Low Rate Visa offers a purchase rate well below typical credit card averages, which makes it an attractive option for balance management.
Editor’s take: With interest substantially lower than the Canadian average, this card is recommended for cardholders who prioritize minimizing interest costs over rewards.
TD Low Rate Visa Card
Annual fee: $25
Low interest rate: 12.90% on purchases (13.90% for Quebec residents)
Welcome offer: 0% promotional interest on purchases for the first six months from account opening and a first-year annual fee rebate. Conditions apply.
Card details
| Interest rates | 12.90% on purchases; cash advances and balance transfers at 12.90% (13.90% for Quebec residents) |
| Income required | None specified |
| Credit score | 640 or higher (recommended) |
Pros
- Significantly lower interest rates and a modest annual fee make it a strong tool for balances
- Occasional perks such as extra Starbucks Stars at participating locations (terms apply)
Cons
- No rewards program, which is common for low-rate credit cards
What’s new with TD credit cards?
TD has recently added a few cardholder perks tied to special events and partner promotions. For example, TD announced fan perks for eligible cardholders at select Blue Jays home games during the 2025 regular season, including statement credits on food and drink purchases and priority entry at a designated gate for participating events. These types of seasonal or event-based benefits can add extra value for frequent attendees.
TD All-Inclusive Banking Plan
TD’s All-Inclusive Banking Plan is a premium chequing account that bundles high-level services and discounts. Account holders who pair this premium chequing product with eligible TD credit cards can receive annual fee rebates for the primary card and one additional cardholder while they maintain the account. For some customers the combined savings on card fees and the banking perks can offset the account’s monthly cost.
The All-Inclusive plan includes benefits such as unlimited debit transactions, free Interac e-Transfers, select bank drafts and small safety deposit box access. The monthly fee is $29.95 (lower for seniors), but it can be waived if you meet a minimum daily balance requirement. Before opening an account, weigh the combined fees and benefits to see whether bundling makes sense for your finances.
How to use TD’s cash-back dollars
TD cash-back rewards can be redeemed on demand once you reach the minimum redemption threshold of $25, and the rewards do not expire. This flexibility makes TD’s cash-back program easy to use compared with programs that limit redemptions to a specific period each year.
How to redeem TD travel points
TD Rewards points are most valuable when redeemed for travel through Expedia for TD. Points can also be used for gift cards, merchandise or cash back, but those redemption options typically offer lower value per point. Below are typical point valuations depending on how you redeem.
TD travel point value on Expedia for TD
200 TD points = $1
1 TD point = 0.5 cent
Redeeming through Expedia for TD delivers the most consistent value and allows you to book flights, hotels and packages without blackout dates or airline restrictions listed on the platform.
Book Any Way option
250 TD points = $1 on the first $1,200 of travel bookings (1 TD point = 0.4 cent)
200 TD points = $1 on amounts over $1,200 (1 TD point = 0.5 cent)
The Book Any Way option lets you use points toward travel booked outside Expedia for TD, giving greater flexibility but generally a slightly lower point value on the initial portion of booking.
Redeem points for cash
400 TD points = $1 (1 TD point = 0.25 cent)
Turning points into cash is possible but typically yields the lowest value per point. If cash is your priority, TD’s cash-back cards will provide better returns.
Redeem points for gift cards and merchandise
Gift cards and merchandise are options, but their point values usually hover near cash redemption levels (roughly 0.2–0.35 cents per point), so travel redemptions remain the best value for most users.
About Aeroplan rewards
Aeroplan redemptions are based on routing and demand, and point value varies accordingly. A simple way to estimate Aeroplan point value is to divide the ticket price (minus carrier-imposed fees) by the number of points required for the award. Adding stopovers or leveraging partner flights can improve value for many itineraries.