Best TD Credit Cards in Canada for April 2024

When determining a rating for individual credit cards, the Forbes Advisor Canada editorial team factors in an exhaustive list of data points. With TD credit cards, the scoring model used takes into account factors such as, but not limited to, cash back rates and categories, fees, welcome bonuses and other rewards and features. Keep in mind, what may be best for some people might not be right for you. Conduct informed research before deciding which cards will best help you achieve your financial goals.

TD Cash Back Visa Infinite* Card

Not many cards are high-earning, have excellent perks and give cash back, but this card is a notable exception.

Rewards: Earn 3% cash back on groceries and gas, as well as on recurring bill payments. Dining, entertainment, travel and online purchases all earn just 1% cash back.

Welcome Offer: Earn up to $500 in value†, including 10% in Cash Back Dollars in the first 3 months on Bonus Eligible Purchases up to a total spend of $3,500†. Conditions apply. Account must be approved by June 3, 2024.

Annual Fee: $139 (Get an annual fee rebate available in the first year; account must be approved by June 3, 2024)

Other Benefits and Drawbacks: This card’s luxury hotel, travel and dining experiences are top-tier, although it only gives less than two weeks of medical coverage (rather than a month or so for other cards). Terms and conditions apply. Not available for residents of Quebec.

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TD® Aeroplan® Visa Platinum* Card

All of the features found in TD’s more expensive cards for under $100 a year.

Rewards: Earn 1 point† for every dollar spent on eligible gas, grocery and direct through Air Canada^® purchases (including Air Canada Vacations^®) made with your card. Earn 1 point^† for every $1.50 spent on all other eligible purchases made with your Card. Earn points twice when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 170+ online retailers via the Aeroplan eStore (www.aeroplan.com/estore).

Welcome Offer: Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card and earn an additional 10,000 Aeroplan points when you spend $1,000 within 90 days of Account opening. † Terms and conditions apply. Not available for residents of Quebec. Must be approved by September 3, 2024.

Annual Fee: $89 (Get a first-year annual fee rebate; account must be approved by September 3, 2024)

Other Benefits and Drawbacks: This card’s insurance coverage is lower than other TD Aeroplan offerings, but it does allow cardholders to earn Aeroplan Points twice at certain participating retailers.

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TD® Aeroplan® Visa Infinite Privilege* Card

If you’re looking for every possible travel perk, reward and consumer protection a TD card has to offer, look no further than this one.

Rewards: Earn 2 Aeroplan Points for every dollar spent on Air Canada purchases, including Air Canada Vacations. Cardholders also earn 1.5 points for every dollar spent on gas, groceries, travel and dining purchases, as well as 1.25 points on every dollar for other purchases made with your card.

Welcome Offer: Earn a welcome bonus of 20,000 Aeroplan points when you make your first purchase with your new card. Earn an additional 40,000 Aeroplan points† when you spend $10,000 within 180 days of Account opening. Plus, earn a one-time anniversary bonus of 25,000 Aeroplan points when you spend $15,000 within 12 months of Account opening.† Terms and conditions Apply. Not available for residents of Quebec. Account must be approved by June 3, 2024.

Annual Fee: $599

Other Benefits and Drawbacks: Cardholders need a minimum annual income of $150,000 individually, or $200,000 all together, so this card is beyond the means of most Canadians.

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TD Platinum Travel Visa* Card

A robust card ideal for Expedia fans and heavy spenders in any category.

Rewards: Earn 6 TD Rewards Points for every dollar you spend when you book travel through Expedia^® For TD. Earn 4.5 TD Rewards Points for every dollar you spend on groceries and restaurants. Earn 3 TD Rewards Points for every dollar you spend on regularly recurring bill payments set up on your Account. Earn 1.5 TD Rewards Points For every dollar you spend on other purchases made using your card.

Welcome Offer: Earn up to 50,000 TD Rewards Points, including 15,000 TD Rewards Points when you make your first purchase with your card and 35,000 TD Rewards Points when you spend $1,000 within 90 days of account opening. † Terms and conditions apply. Not available for residents of Quebec. Must be approved by September 3, 2024.

Annual Fee: $89 (Get an annual fee rebate in the first year; Account must be approved by September 3, 2024)

Other Benefits and Drawbacks: The $2,500 in hotel/motel theft coverage is a great perk, and this card’s relatively low annual fee is welcome.

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TD Cash Back Visa

Pay nothing for a cash back card that gives slow but steady rewards with nearly every purchase.

Rewards: Earn 1% cash back on grocery, gas and recurring bill payments and earn 0.5% back on all other purchases.

Welcome Offer: None.

Annual Fee: $0

Other Benefits and Drawbacks: The lack of a welcome bonus isn’t great, but this card’s comprehensive medical and trip coverage is excellent for a $0 annual fee.

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TD® Aeroplan® Visa Infinite* Card

Easily the highest earning rewards point program in the TD roster, this card is ideal for high spenders who also like spending time in the sun.

Rewards: Earn 1.5 Aeroplan Points† for every dollar spent on gas, groceries and Air Canada-related purchases. Earn 1 point† for every $1 spent on all other purchases.

Welcome Offer: Earn up to $1,200 in value, including up to 50,000 Aeroplan points and additional travel benefits. The welcome bonus amounts to 10,000 Aeroplan points when you make your first purchase with your new card†. Plus, earn 20,000 Aeroplan points when you spend $6,000 within 180 days of Account opening† and an anniversary bonus of 20,000 Aeroplan points when you spend $10,000 within 12 months of Account opening.

Terms and conditions apply. Must apply by June 3, 2024.

Annual Fee: $139

Other Benefits and Drawbacks: Cardholders who love travelling might find this card’s insurance coverage isn’t quite as high as TD’s more exclusive offerings.

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TD First Class Travel® Visa Infinite* Card

The budget traveller card for frequent fliers who don’t want to shell out the annual fee of a luxury card while getting most of the same benefits.

Rewards: Earn 8 TD Rewards Points † for every dollar you spend when you book travel through Expedia® For TD. Earn 6 TD Rewards Points†  for every dollar you spend on groceries and restaurants. Earn 4 TD Rewards Points† for every dollar you spend on regularly recurring bill payments set up on your account. Plus, earn 2 TD Rewards Points† For every dollar you spend on other purchases made using your card. Also earn an annual Birthday Bonus† of up to 10,000 TD Rewards Points.

Welcome Offer: Earn up to 100,000 TD Rewards Points. Earn 20,000 TD Rewards Points when you make your first purchase with your card and 80,000 TD Rewards Points when you spend $5,000 within 180 days of account opening.† Terms and conditions apply. Not available for residents of Quebec. Account must be approved by June 3, 2024.

Annual Fee: $139 (Get an annual fee rebate in the first year, account must be approved by June 3, 2024)

Other Benefits and Drawbacks: The travel benefits are the same as more expensive cards on this list, but the downsides come with this card’s low annual net rewards earnings.

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TD Rewards Visa* Card

Earn reward points for a $0 annual fee.

Rewards: Earn 4 TD Rewards Points for every dollar you spend when you book travel through Expedia^® For TD, 3 TD Rewards Points for every dollar you spend on groceries and restaurants, 2 TD Rewards Points for every dollar you spend on regularly recurring bill payments set up on your account and 1 TD Rewards Points For every dollar you spend on other Purchases made using your card.

Welcome Offer: Earn a value of $50 in TD Rewards Points to use on eligible Amazon.ca purchases. The credit card account must be approved by June 3, 2024. This offer is not available to residents of Quebec.† Terms and conditions apply.

Annual Fee: $0

Other Benefits and Drawbacks: As with many lower-tier cards, the TD Rewards Visa Card’s list of perks is quite short. It also doesn’t offer much in the way of rewards earnings.

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TD U.S. Dollar Visa Card

If you head south of the U.S. border on a frequent basis, the TD U.S. Dollar Visa Card will save your account from pesky conversion fees.

Rewards: None.

Welcome Offer: None.

Annual Fee: $39 USD (or $53 CAD)

Other Benefits and Drawbacks: Unfortunately, this card doesn’t offer much in the way of perks and demands high credit scores from prospective cardholders.

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TD Low Rate Visa* Card

This card has a low annual fee and earns 12.90% on both purchases and cash advances.

Balance Transfer Offer: None

Rewards: None

Welcome Offer: None

Annual Fee: $25

Other Benefits and Drawbacks: Perhaps the biggest drawback of this card is its lack of a rewards program or cashback options. You will find optional travel accident insurance and trip cancellation, and it earns more Stars at Starbucks—but that’s about it.

Credit card research and data analysis by Tia Duncombe, Debra Toews and Jack Choros.

A TD credit card works like a regular credit card: You have a set credit limit and must pay off the minimum balance each month. They come with varying interest rates and annual fees. Some TD credit cards offer rewards on your purchases, either through cash back, Aeroplan Points or TD Rewards Points.

TD All-Inclusive Banking Plan

The TD All-Inclusive Banking Plan is a bank account with some perks—like an annual fee waiver when the account holder signs up for specific credit cards with TD. This plan also includes unlimited debits and e-transfers, a safety deposit box, fee cheques and certified cheques and no ATM transaction fees.

TD All-Inclusive Banking Plan Monthly Fee Rebate

The TD All-Inclusive Banking plan costs $29.95 per month. However, you’ll be eligible for a monthly fee rebate if you keep a minimum balance of $5,000 in your account for the following linked cards:

• TD Aeroplan Visa Infinite Card
• TD Aeroplan Visa Platinum Card
• TD First Class Travel Visa Infinite Card
• TD Platinum Travel Visa Card
• TD Cash Back Visa Infinite Card

Average interest rates

TD credit cards offer average interest rates, 20.99% for purchase interest and 22.99% for cash advances. TD offers three low-interest specific credit cards: TD Low Rate Visa, TD Business Select Rate Visa and TD Aeroplan Business Visa.

Here is a summary of how the interest rates compare:

Annual fees

TD offers credit cards with a variety of annual fees, ranging from $0 to $599. They have four no-annual-fee options: TD Cash Back Visa, TD Rewards Visa Card, TD Business Cash Back Visa Card and TD Business Select Rate Visa. Several of their cards fall in the mid-range, with fees of $89 to $149 per year. The card with the most expensive card they offer is the TD Aeroplan Visa Infinite Privilege Credit Card. It has an annual fee of $599.

Here’s a summary of how the annual fees compare:

TD currently offers 14 different types of credit cards. These credit cards are tailored to a variety of needs, and range from rewards and cash back cards to cards aimed at travel and U.S. spending. They also offer cards tailored to business owners and students. Here are the types of cards TD offers.

TD Cash Back Credit Cards

Cash back credit cards are pretty straightforward: you earn a percentage of your spending back as cash back. Typically, these cards earn accelerated rewards in certain categories. High-earning cash back cards usually come with an annual fee.

TD Rewards Credit Cards

Rewards credit cards earn points on all your spending, and typically offer accelerated rewards in specific categories. TD offers cards that earn two types of points: TD Rewards points or Aeroplan points. The best rewards credit cards typically come with an annual fee.

TD Travel Credit Cards

Travel credit cards are a type of rewards credit card that’s geared toward both earning and redeeming points on travel and usually include useful extras, like travel insurance or airport perks.

TD Aeroplan Credit Cards

These are a type of travel credit card that is co-branded with Aeroplan, which is Air Canada’s loyalty program.

TD Student Cards

These credit cards are geared toward students, as they don’t require a credit history and usually have no annual fees. You usually have to be currently enrolled in a post-secondary institution to qualify for this type of credit card.

TD Business Credit Cards

Business credit cards usually earn rewards on common business expenses, offer travel perks and include tools that can help businesses manage spending and employee card use.

TD Low Interest Credit Cards

These credit cards have a lower interest rate to help those who tend to carry a balance.

TD U.S. Dollar Credit Cards

These credit cards allow you to avoid foreign transaction fees by making purchases in U.S. dollars.

If you’re looking at TD credit cards, you might notice a few common threads between their cards. Currently, TD only offers cards that are on the Visa network, meaning they have no American Express or Mastercard options. Most of TD’s cards also have an annual fee, with only four of the 14 cards available being no annual fee cards. The majority of their cards also have an average interest rate, and they only offer three credit cards with low interest rates.

TD credit cards offer rewards in the form of cash back, TD Rewards Points or Aeroplan Points.

TD Cash Back Rewards

TD offers three credit cards that earn cash back: TD Cash Back Visa Infinite Card, TD Cash Back Visa and TD Business Cash Back Visa. With TD, you can redeem your cash back at any time, as long as you’ve accumulated at least $25, and it never expires.

TD Rewards points

TD Rewards Points are the bank’s in-house rewards program. TD currently has four cards that earn TD Rewards points: TD First Class Travel Visa Infinite, TD Platinum Travel Visa, TD Rewards Visa and TD Business Travel Visa. These points can be redeemed for a variety of things, with the most value being seen in Expedia for TD travel bookings. You can also use them to book other travel, at amazon.ca, at Starbucks and can redeem them for gift cards or to pay down your credit card balance. Points never expire, either.

Expedia For TD
Your TD Rewards Points can be used to book travel with ExpediaForTD.com, where you can use your points to book flights, vacation packages, hotels and car rentals, among other things.

Book Any Way
You can also use your TD Rewards Points to pay for almost any travel expense charged to your card. This includes everything from flights, hotel stays and train tickets to baggage fees, travel insurance, tours and theatre tickets.

Redeem points for cash
You can redeem your TD Rewards Points as if they were cash back, using them to pay down your credit card balance.

Redeem points for gift cards
You can redeem your points for gift cards to major retailers like Indigo, Playstation, Hudson’s Bay, Cineplex, Esso, Petro-Canada, Starbucks, Tim Hortons and Longos.

Redeem points for merchandise
You can also redeem your points for merchandise, including home appliances, electronics, food products, clothing and more.

Aeroplan Rewards points

Aeroplan is an airline loyalty program, owned by Air Canada. You can use your points similarly to TD Rewards Points, redeeming them for travel on Air Canada and their partner airlines or for other travel expenses. You can also redeem points for gift cards and merchandise, too.

Like all credit cards, TD Bank credit cards come with benefits, as well as drawbacks.

Pros

• No-annual-fee options: TD currently offers four no-annual-fee options: TD Cash Back Visa, TD Rewards Visa Card, TD Business Cash Back Visa Card and TD Business Select Rate Visa.
• Rewards program: TD credit cards have two rewards programs, with options for both consumers and businesses. They are Aeroplan, a loyalty program owned by Air Canada, and TD Rewards Points, which is TD’s own rewards program.

Cons

• Interest rates about average: TD credit cards offer about average interest rates, usually 19.99% for purchase interest and 22.99% for cash advances. They do offer three low-interest specific credit cards: TD Low Rate Visa, TD Business Select Rate Visa and TD Aeroplan Business Visa.
• No Mastercard or Amex options: A drawback to TD credit cards is that Visa is their only option. If you prefer to use Amex or Mastercard, there is no TD option to accommodate that.

TD has a variety of credit cards that you can apply for. Once you select the best card for you, you can apply online, over the phone or in-person at a TD branch. They will consider:

• Your age and residency: you must have reached the age of majority in your province or territory, to be a resident of Canada.
• Your credit score: TD credit cards have different credit score requirements, ranging from poor to excellent.
• Your personal or household income: TD credit cards have a variety of income requirements.

Related: Best Value Credit Cards in Canada

When it comes to choosing the right TD credit card, you’ll probably want to consider the following:

Requirements: More premium TD credit cards have high requirements for both income and your credit score. Knowing which cards you’re likely to qualify for will inform what you should apply for.

Annual fees: Consider what annual fee you are comfortable paying. If your card earns rewards or cash back, make sure the projected earnings will outweigh any annual fee.

Rewards and cash back: You’ll need to decide whether you’d like to earn points or cash back from your card. From there, choose a card with an earning scheme that aligns with your spending. For instance, if you commute to work, a card that earns points on gas would probably be a good fit. If you tend to spend more on travel or groceries, look for a card that rewards that spending.

Interest rates: You should always aim to pay off your credit card in full to avoid interest charges. However, if you do tend to carry a balance, look for a card with a low interest rate.

Perks: Different cards come with different features and built-in extras. If you love to travel, look for a card that offers airport and hotel perks or travel insurance.

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