TD Rewards is TD Bank’s proprietary loyalty points currency, primarily earned through TD Rewards Visa cardholders in Canada. While it lacks the transfer flexibility of programs like Amex Membership Rewards, TD Rewards is a solid straightforward option for casual travellers and anyone who values simplicity. This guide covers how the program works, what your points are actually worth, and which TD Rewards cards make sense.
TD Rewards at a Glance
| Feature | Details |
|---|---|
| Points currency | TD Rewards points |
| Best redemption | Expedia for TD (0.5 CPP) |
| Transfer partners | None |
| Points expiry | Never while account is open |
| Main cards | TD Rewards Visa, TD Platinum Travel Visa, TD First Class Travel Visa Infinite |
| Best version of TD travel | TD Aeroplan Visa Infinite (separate program) |
What Are TD Rewards Points Worth?
TD Rewards points have variable value depending on how you redeem them.
TD Rewards Redemption Values
| Redemption Method | Points per $1 | CPP (Cents Per Point) |
|---|---|---|
| Expedia for TD booking | 200 pts | 0.50 CPP |
| Any travel (book anywhere) | 200–250 pts | 0.40–0.50 CPP |
| Statement credit | 400 pts | 0.25 CPP |
| Gift cards | 250–400 pts | 0.25–0.40 CPP |
| TD bill payments | 400 pts | 0.25 CPP |
| RESP, RRSP, TFSA contribution | 250–400 pts | 0.25–0.40 CPP |
Key finding: Expedia for TD is the clear winner at 0.5 CPP. Everything else is materially worse. If you have TD Rewards, always aim to redeem through Expedia for TD.
TD Rewards Credit Cards Compared
TD Rewards Visa (Entry-Level)
| Feature | Details |
|---|---|
| Annual fee | $0 |
| Welcome bonus | ~10,000–15,000 TD Rewards points |
| Earn: Expedia for TD | 3 pts per $1 |
| Earn: groceries/restaurants | 2 pts per $1 |
| Earn: recurring bills | 2 pts per $1 |
| Earn: all other | 1 pt per $1 |
| Income requirement | None |
| Best for | No-fee travel points entry |
Annual earn estimate (avg spend $2,000/month): ~28,000–35,000 points ≈ $140–175 in travel value.
TD Platinum Travel Visa (Mid-Tier)
| Feature | Details |
|---|---|
| Annual fee | $89 |
| Welcome bonus | ~20,000–30,000 TD Rewards points |
| Earn: Expedia for TD | 6 pts per $1 |
| Earn: groceries/restaurants | 4.5 pts per $1 |
| Earn: recurring bills | 3.5 pts per $1 |
| Earn: all other | 1.5 pts per $1 |
| Income requirement | $60,000 individual / $100K household |
| Best for | Mid-level spenders wanting more points |
TD First Class Travel Visa Infinite (Premium)
| Feature | Details |
|---|---|
| Annual fee | $139 |
| Welcome bonus | ~20,000–80,000 TD Rewards points |
| Earn: Expedia for TD | 8 pts per $1 |
| Earn: groceries/restaurants | 6 pts per $1 |
| Earn: recurring bills | 4 pts per $1 |
| Earn: all other | 2 pts per $1 |
| Income requirement | $60,000 individual / $100K household |
| Key perk | $100 annual Nexus card rebate |
| Best for | Active travellers, frequent Expedia for TD users |
TD Rewards vs TD Aeroplan: Which Should You Choose?
| Feature | TD Rewards | TD Aeroplan |
|---|---|---|
| Currency | TD Rewards points | Aeroplan points |
| Best value | 0.5 CPP | 1.5–3.0+ CPP |
| Transfer partners | None | Air Canada, 30+ partners |
| Flexibility | High (any travel via portal) | High (award chart options) |
| Earning sweet spots | Expedia for TD | Air Canada flights |
| Best card | TD First Class Travel Infinite | TD Aeroplan Visa Infinite |
| Annual fee (best card) | $139 | $139 |
| Best for | Simple travel redemptions | Maximizers, premium travel |
Recommendation: If you’re going to keep one TD travel card, TD Aeroplan Visa Infinite typically delivers stronger value for most Canadians who travel via Air Canada or its Star Alliance partners.
How to Earn TD Rewards Points
Through Credit Card Spending
| Category | TD Rewards Visa | TD Platinum | TD First Class Infinite |
|---|---|---|---|
| Expedia for TD | 3x | 6x | 8x |
| Groceries | 2x | 4.5x | 6x |
| Restaurants | 2x | 4.5x | 6x |
| Recurring bills | 2x | 3.5x | 4x |
| Gas | 1x | 1.5x | 2x |
| Everything else | 1x | 1.5x | 2x |
Through Small Business (TD Business Cards)
TD offers business-oriented Rewards cards with similar earn structures directed at small business owners — ask your TD branch for current offers as these change frequently.
How to Redeem TD Rewards Points
Option 1: Expedia for TD (Best Value)
- Go to your TD MyRewards or TD app
- Click through to Expedia for TD portal
- Book flights, hotels, packages as normal
- At checkout, apply your points at 200 pts = $1
Tip: Compare Expedia for TD prices against direct booking. If Expedia’s price is higher, it may still be worth booking direct even without points.
Option 2: Travel Anywhere (Book-Any-Travel Redemption)
Some TD cards allow you to book travel anywhere (Air Canada directly, hotel directly, etc.) and then redeem TD Rewards as a statement credit against that charge.
| Method | Value |
|---|---|
| Book via Expedia for TD | 200 pts = $1 |
| Book directly, apply points against charge | 250 pts = $1 (0.40 CPP) |
Slightly less than portal, but more flexible.
Option 3: Statement Credits
Simplest option — but worst value at 400 pts = $1 (0.25 CPP).
Only use statement credits if you have leftover points after redeeming for travel or are closing your account.
Option 4: Gift Cards
A middle option at roughly 0.25–0.40 CPP. Rarely better than Expedia for TD redemptions.
Option 5: Financial Registered Accounts
TD allows contributions to RRSPs, TFSAs, or RESPs using TD Rewards points — typically at 0.25 CPP.
| Account | Redemption Rate |
|---|---|
| RRSP contribution | 400 pts = $1 |
| TFSA contribution | 400 pts = $1 |
| RESP contribution | 400 pts = $1 |
Real-World Redemption Examples
Example 1: Vacation from Toronto to New York (Family of 2)
| Item | Cost | TD Rewards Needed (0.5 CPP) |
|---|---|---|
| 2 return flights YYZ-JFK | $600 | 120,000 points |
| 3 nights hotel | $500 | 100,000 points |
| Total | $1,100 | 220,000 points |
To earn 220,000 points on TD First Class Infinite: approximately $27,500 in grocery/restaurant spend, or $37,000 in general spend.
Example 2: Weekend Getaway Using Sign-Up Bonus
| Card | Welcome Bonus | Travel Value |
|---|---|---|
| TD First Class Infinite | ~80,000 pts (promo) | $400 in travel |
| TD Platinum | ~30,000 pts (promo) | $150 in travel |
Sign-up bonuses offer the fastest path to meaningful TD Rewards balances — monitor TD’s promotional offers, which often run fall and spring.
TD Rewards Vs. Competing Programs
| Program | Best CPP | Transfer Partners | Best Card |
|---|---|---|---|
| TD Rewards | 0.5 CPP | None | TD First Class Travel Infinite |
| Aeroplan | 1.5–3+ CPP | 30+ airlines/hotels | Amex Cobalt, TD Aeroplan Infinite |
| Amex MR (Canada) | 1.0–2+ CPP | Aeroplan 1:1, Marriott 1:1.2 | Amex Cobalt |
| RBC Avion | 0.9–2+ CPP (via partners) | WestJet, British Airways | RBC Avion Visa Infinite |
| Scotia Scene+ | 0.5–1.0 CPP | None (Scene+ only) | Scotia Momentum |
Bottom line: TD Rewards is among the lower-ceiling programs. Its advantage is simplicity — no blackout dates, no award charts, any travel redeemable through Expedia. If you want to squeeze maximum points value, other programs outperform it.
Maximizing TD Rewards: Tips
| Strategy | Impact |
|---|---|
| Always book through Expedia for TD | Maximum 0.5 CPP vs 0.25 CPP elsewhere |
| Use TD First Class Infinite | 8x on Expedia for TD |
| Target sign-up bonus periods | Best October–November and January–March |
| Pair with Nexus benefit | $100 annual rebate reduces effective annual fee |
| Don’t redeem for statement credits | Worst value at 0.25 CPP |
| Don’t cancel before redeeming | Points forfeit on account closure |
TD Rewards vs Simplii / PCF / No-Fee Cards
Many Canadians find TD Rewards-earning cards are outperformed for everyday spend by simpler cashback options:
| Card | Reward | Comparable Annual Earn |
|---|---|---|
| TD Rewards Visa | 1–3x pts ≈ 0.5–1.5% | ~1% effective on mixed spend |
| Simplii VISA (cash back) | 4% restaurants, 1.5% others | ~1.5–2% effective |
| Tangerine Money-Back | 2% in 3 categories | ~1.5% effective |
For Canadians primarily interested in grocery/restaurant rewards, a dedicated cashback card may beat TD Rewards on effective return unless you’re a heavy Expedia for TD user.
Related Resources
- Aeroplan Points Value Canada — How much Aeroplan points are worth
- RBC Avion Program Guide — How Avion compares
- Amex Membership Rewards Canada — The program with transfer partners
- Points vs Cashback Credit Cards — Strategic overview
- Best Travel Credit Cards Canada — Compare top options
- Best No-Fee Credit Cards Canada — No-annual-fee options