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Find the Best TD Credit Cards in Canada in 2018

Last updated on October 7, 2018 Views: 581 Comments: 2

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Toronto-Dominion Bank (TD) is one of Canada’s Big Five national banks, with branches across the country and a wide range of financial products including credit cards. It’s worth noting that TD credit cards are all Visas, which are accepted by far more vendors than, say, American Express. Although Amex cards tend to offer more lucrative rewards, TD cardholders might prefer the reassurance of knowing that their card will be accepted virtually anywhere.

Some TD cards offer the perk of generating TD rewards, worth between $0.0025-$0.005 each, depending on how cardholders opt to redeem them. Cardholders get the best overall value out of their TD points by redeeming them for travel through Expedia, but TD also allows them to be redeemed for a range of merchandise, a statement credit, or to pay off tuition or a student loan.

Other TD credit cards offer lucrative cashback rates, travel benefits, and/or low-interest rates.

Best TD Visa Cashback Cards

TD Cash Back VisaTD Cash Back Visa* Card

Eligibility Criteria:
– Credit score required: Fair – Good (670-739)
– Min personal income required: N/A
– Annual fees: $0

You can earn 1% on all eligible grocery and gas purchases, as well as on recurring bill payments with the TD Cash Back Visa*. There’s a cap of $5,000 on each category—once cardholders spend more than that in a calendar year, they’ll earn the lower rate of 0.5% cash back. All other purchases made with this card earn 0.5% cash back.

Cash Back Dollars can be used to pay down the card balance—they’re not redeemable against merchandise or as cash. Cash back won’t expire as long as an account is active.

Because there’s no annual fee and no fee on additional cards, all of cash back is essentially free. Other card perks include 5%-10% off car rentals through Avis and Budget, and extended warranty and purchase protection. The TD Cash Back Visa* also comes with contactless payments, zero fraud liability, and instant fraud alerts.

Click here to apply for the TD Cash Back Visa* card

Best TD Visa Travel Cards

TD Rewards VisaTD Rewards Visa*

Eligibility Criteria:
– Credit score required: Fair – Good (670-739)
– Min personal income required: $0
– Annual fees: $0

The TD Rewards Visa* is a no-fee travel credit card that’s easy to qualify for. There’s no minimum income requirement and no annual fee.

Cardholders earn 2 TD Rewards points for every $1 spent on restaurant bills, fast food orders, groceries, and regularly recurring bill payments; 3 points for every $1 spent on travel through; and 1 TD point for every $1 spent on all other purchases. There’s an annual cap on the accelerated earn rate for restaurants, fast food, and bill payment purchases—once cardholders exceed $5,000 in one of those categories they’ll earn just 1 point per $1 spent until the next annual cycle begins.

Other travel-related perks for TD Rewards Visa* members include a Priority Pass membership discount, which lowers the cost of entry to 850 VIP lounges around the world, and a 5%-10% discount on Budget and Avis car rental worldwide. Extended warranty and purchase protection, zero liability for fraud, instant fraud alerts, and contactless payments are all part of the package too.

Click here to apply for the TD Rewards Visa* card

Best TD Visa Low-Interest Card

TD Emerald Flex Rate VisaTD Emerald Flex Rate Visa

Eligibility Criteria:
– Credit score required: fair_good
– Min personal income required: $
– Annual fees: $25

The Emerald Flex Rate Visa doesn’t come with cash back or TD points, but it does have a solid low annual fee and an advantageous interest rate. Cardholders get a flexible interest rate which varies according to Canada’s Prime rate and the cardholder’s credit score and financial situation. The card’s interest rate is assigned as Prime + a range of between 4.50% to 12.75%—with the lower interest rates assigned to those applicants with high credit scores and higher rates to those with low scores. With Prime currently at 3.70% (as of July 12, 2018), rates will range from 8.2% to 16.45%—all of which are well below the average credit card interest rates of 20.00%.

The Emerald Flex Rate Visa has standard credit card features including contactless payments, fraud alerts, zero liability along with extended warranties and purchase protection. Although there’s no free travel insurance, cardholders can opt to buy travel medical, trip cancellation, and trip interruption insurance at good rates.

Those who sign up online before December 3, 2018 will receive a rebate on their first year’s annual fee, with the card costing $25 per year after that first year. Additional cards are free of charge. Given that there’s no minimum income requirement, it’s worthwhile for the average consumer to apply for the card.

Click here to apply for the TD Emerald Flex Rate Visa

Article comments

George Vilven says:

Can’t seem to find the TD First Class Travel Visa Infinite Card … Is there a promotion on now?
And maybe on the horizon … the TD Aeroplan Infinity visa card??

The GreedyRates Team says:

Hey George,

We appreciate that you’re hungry for some of TD’s well-known promotions, but unfortunately there’s nothing new in the pipeline. TD still offers their new First Class Travel Visa Infinite cardholders up to 50,000 points for making an initial purchase and meeting a low 90-day spending milestone of $1,000. Be aware that you’ll have to sign up with TD and get approved before December 3rd, according to their website. We’re unaware of any special promotion for the TD Aeroplan Visa Infinite card other than the standard 15,000 miles for new cardholders. Best of luck with your decision!