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Mr. Loonie
TD Rewards Visa Card

TD Rewards Visa Card

7.1
Good
Expert Score · 4 reviews How we score

Best for: People who want TD points on groceries and dining with no annual fee

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Year one
$363
Every year after
$287

Ranked #94 of 176 for year one. See the list

See how we worked it out
Welcome offer you’d get
$76
The full offer. Up to 15,152 TD Rewards points.
Annual fee
None
Apply now on TD’s site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from TD’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

What you’d earn Welcome offer Can I get it? Fees Similar cards
From the numbers

The good and the bad

Stands out

  • Good: 4 points per $1 on travel At our value for these points, that’s about 2% back.
  • Good: No annual fee It costs nothing to keep.
  • Good: Welcome offer up to 15,152 TD Rewards points About $76 at our value for these points.

Watch for

  • Watch for: Everything else earns 1 point per $1 That’s about 0.5% back, which is low.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

TD Rewards points valued at 0.5¢ each.

  • Groceries $98
    3 points per $1 · 1.5% back $800 a month · 19,600 TD Rewards points a year
  • Restaurants $45
    3 points per $1 · 1.5% back $250 a month · 9,000 TD Rewards points a year
  • Gas $15
    1 point per $1 · 0.5% back $250 a month · 3,000 TD Rewards points a year
  • Recurring bills $30
    2 points per $1 · 1% back $250 a month · 6,000 TD Rewards points a year
  • Travel $36
    4 points per $1 · 2% back $150 a month · 7,200 TD Rewards points a year
  • Everything else $39
    1 point per $1 · 0.5% back $650 a month · 7,800 TD Rewards points a year
  • Foreign currency $9
    1 point per $1 · 0.5% back $150 a month · 1,800 TD Rewards points a year
For you Year one Later years
Points you earn54,400 TD Rewards points a year, at 0.5¢ each $272 $272
Welcome offer15,152 TD Rewards points you’d reach $76 $0
Annual fee $0 $0
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Phone insurance$60 a year $60 $60
Total $363 $287

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Travel
4 points per $1 Booked through Expedia For TD
Groceries
3 points per $1 Up to $5,000 in spending per year. When you book travel through Expedia® For TD
Restaurants
3 points per $1 Up to $5,000 in spending per year.
Transit
3 points per $1 Up to $5,000 in spending per year. On regularly recurring bill payments
Recurring bills
2 points per $1 Up to $5,000 in spending per year (shared with other categories).
Streaming
2 points per $1 Up to $5,000 in spending per year (shared with other categories). Streaming, digital gaming and media
Everything else (base rate)
1 point per $1
  • 2 points per $1 spent on Streaming, Digital Gaming & Media
  • 3 points per $1 spent on Public Transit
How TD Rewards points work, and why 0.5¢

We count TD Rewards points at 0.5¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.22¢ to 0.5¢.

We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Welcome offer

Can your spending get the offer?

At $2,500 a month, here’s when you’d reach each step.

  1. 1

    15,152 TD Rewards points · about $76

    Spend $500 in your first 3 months.

    You’d reach it in month 1.

    • On purchases within the first 90 days

Offer end date not published.

Offer checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

7.1
Good
Expert Score How we score
  • Money.ca (opens in a new tab) Apr 2025
    6

    “Canadians who already book through Expedia—one of the major online travel booking hubs—are obvious candidates for the TD Rewards Visa* Card, as are those who have past history as TD clients and are looking for a familiar card issuer that they trust. The TD Rewards Visa* Card’s lack of an income requirement and annual fee make it a suitable beginner’s rewards card, though there are other cards out there that may pack more punch in the number of points to be earned and the value of those points come redemption.”

  • Money We Have (opens in a new tab) Jan 2024

    “For a basic no fee entry-level card, it’s amazing that you get mobile device insurance. While TD Rewards is pretty basic, it gets the job done. That said, there are better travel rewards programs out there, so consider your goals and apply for a card that makes the most sense for you.”

  • Yore Oyster (opens in a new tab) Jan 2023

    “The TD Rewards Visa Card is an entry-level rewards credit card that offers you a 9.99% promotional interest rate within the first six months of opening your account. With the TD Rewards Visa Card, you can earn $50 worth of reward points in the first 90 days if your account is open and in good standing. The TD Rewards Visa Card doesn't charge an annual fee and doesn't have a minimum income requirement to apply. This card is great for students or people looking to get their first credit card and start building their credit history. However, it doesn't offer much in terms of perks and benefits.”

  • Money We Have (opens in a new tab) Feb 2021

    “My TD Rewards Visa review is positive. It’s nowhere close to being a great travel credit card, but for what it is, it’s decent. If you’re looking for a no-fee travel credit card that doesn’t have a high income requirement, then this card might be a good fit for you.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Extended warranty Included
  • Purchase protection Included
  • Mobile device $1,000 per device
  • Mobile Device Insurance
  • Mobile wallets Apple Pay, Samsung Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read TD’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage and car rental damage.

Fees and interest

What it costs

Annual fee
None
Purchase interest
21.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
None
Cash advance fee
1%, Minimum of $3.50, maximum of $10.00
Balance transfer fee
3%
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%
Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $363 year one, $287 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the TD Rewards Visa Card?

There is no annual fee.

How much is the TD Rewards Visa Card welcome offer worth?

15,152 TD Rewards points after you spend $500 in the first 3 months, worth about $76.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

21.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty, purchase protection and mobile device insurance. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$363
year one for you
Apply now on TD’s site (opens in a new tab)
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