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Terms read from TD's page on Oct 16, 2026.
Year 1, after fees
$0
Year 2+, after fees
−$25
every year after
3 years, after fees
−$50
Break-even
Never
Earn rate by category
All values are after each card's annual or monthly fee, and foreign transaction fees when you set foreign spending. Additional-card fees and memberships some benefits need (such as Amazon Prime or Instacart+) aren't included.
Values for points and miles are estimates based on published redemption valuations; actual value depends on how you redeem.
On each spending preset
After fees; points at their cash value. "~" marks estimates.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student ($985/mo) | $0 | −$25 | −$50 | Never |
| Couple ($2,555/mo) | $0 | −$25 | −$50 | Never |
| Family ($3,350/mo) | $0 | −$25 | −$50 | Never |
| Frequent traveller ($3,880/mo) | $0 | −$25 | −$50 | Never |
| Big spender ($7,960/mo) | $0 | −$25 | −$50 | Never |
Who it suits
- People who want one flat rate on everything.
Who should skip it
- Light spenders: on a student's $985 a month it doesn't earn back its $25 fee after year 1.
Fees and rates
- Annual fee
- $25, waived in year 1
- Foreign transaction fee
- Not stated
- Purchase APR
- 12.9%
- Intro APR on purchases
- 6 months, then the purchase APR
Rewards
Eligibility and availability
- Income
- None published
- Provinces
- All (no restriction stated)
Published requirements only. We don't estimate approval odds.
Assumptions
- Cash back: Paid in cash, so the value is exact, not an estimate.
- Note: Quebec residents pay 13.90%.
- Note: The first-year fee is rebated.
Not counted or not confirmed
- Foreign transaction fee isn't on the card page.
Earns more every year after year 1
On a family's spending, these keep more value from year 2 than this card's −$25.
Scotiabank Gold American ExpressYear 2+ $940
American Express SimplyCash PreferredYear 2+ $936
CIBC Dividend Visa InfiniteYear 2+ $767
Frequently asked questions
Is the TD Low Rate Visa worth it?
On a family's spending it's worth $0 in year 1 but −$25 a year after that: its rewards and credits don't cover the fee once the welcome bonus is gone, unless you spend more in its bonus categories or use more of its credits.
What is the TD Low Rate Visa welcome offer?
There's no welcome offer on the issuer's page.
Does the TD Low Rate Visa charge foreign transaction fees?
The issuer's page doesn't state its foreign transaction fee, so check the full terms before travelling.
Sources
Rates, fees and offers are set by the issuer and may change. Check the issuer's terms before you apply. We don't estimate approval odds.
Compare it with 39 other cards on the Canadian card comparison or read how cards are valued.