The best TD credit cards in Canada in 2025

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.

MoneySense editor insights: This TD credit card had our editors at “no annual fee”—many other cards from TD come with a $139 price tag. And typically cash-back cards (even outside of the TD suite) have an annual fee. So we like that this has the best of both: No annual feel and cash-back rewards. For a breakdown of the rewards see below.

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.

MoneySense editor insights: If you’re applying for your first-ever credit card then this no-fee rewards card is good for students wanting to use a TD card. You might as well earn reward points from your grocery and bookstore hauls.

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TD Rewards Visa Card

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Annual fee: $0

Welcome offer: Earn a value of $50 in TD Rewards Points to use on eligible Amazon.ca purchases, plus no annual fee. Conditions apply.

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Card details

Interest rates	19.99% on purchases, 22.99% on cash advances and 22.99% on balance transfers This offer is not available for residents of Quebec.
Income required	None specified
Credit score	640 or higher (recommended)
Point value	.

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. 

MoneySense editor insights: The typical interest rate on credit cards in Canada is around 20%. This card’s rate is editor-approved!

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TD Low Rate Visa Card

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Annual fee: $25

Low interest rate: 12.90% on purchases (13.90% for Quebec residents)

Welcome offer: None at this time.

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Card details

Interest rates	12.90% on cash advances (13.90% for Quebec residents), 0% on balance transfers (13.90% for Quebec residents)
Income required	None specified
Credit score	640 or higher (recommended)

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.