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Terms read from TD's page on Oct 16, 2026.
Year 1, after fees
$406
Year 2+, after fees
$330
every year after
3 years, after fees
$1,066
Break-even
No fee
Earn rate by category
Points at 0.50¢ each (cash or statement credit); published range 0.5¢ to 0.5¢. Source: Milesopedia points valuations, in effect since September 1, 2026.
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) | $201 | $125 | $452 | No fee |
| Couple ($2,555/mo) | $348 | $272 | $893 | No fee |
| Family ($3,350/mo) | $406 | $330 | $1,066 | No fee |
| Frequent traveller ($3,880/mo) | $447 | $371 | $1,189 | No fee |
| Big spender ($7,960/mo) | $702 | $627 | $1,956 | No fee |
Who it suits
- People who spend a lot on groceries and dining, where it earns above its base rate.
Who should skip it
- Nothing stands out on the presets; check it against your own spending.
Fees and rates
- Annual fee
- None
- Additional card
- No fee
- Foreign transaction fee
- Not stated
- Purchase APR
- 21.99%
Rewards
- 4x on expedia For TD
- 3x on groceries, first $5,000 a year
- 3x on restaurants, first $5,000 a year
- 3x on public transit, first $5,000 a year
- 2x on recurring bills and streaming, first $5,000 a year
- 1x on everything else
Eligibility and availability
- Income
- None published
- Provinces
- All (no restriction stated)
Published requirements only. We don't estimate approval odds.
Assumptions
- Point value: TD Rewards points at 0.50 cents each: no redemption style chosen, so cash or statement credit. Source: Milesopedia points valuations, in effect since September 1, 2026.
- Welcome bonus: 15,152 points after $500 in purchases in 90 days. Your spending meets it in month 1.
- Travel portal: Portal-only rates aren't counted, since you book directly.
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 $330.
Scotiabank Gold American ExpressYear 2+ $940
American Express SimplyCash PreferredYear 2+ $936
CIBC Dividend Visa InfiniteYear 2+ $767
Frequently asked questions
Is the TD Rewards Visa worth it?
On a family's spending ($3,350 a month, points at their cash value), it's worth $406 in year 1 and $330 a year after that, after no annual fee.
What is the TD Rewards Visa welcome offer?
15,152 points after $500 in purchases in 90 days.
Does the TD Rewards 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.