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Which TD credit card is best? There are oodles of options and deciding on the best TD credit cards can be a tough decision. Our expert compares TD credit cards in Canada to help you make the right choice.

As one of Canada’s “Big 5” banks, TD Bank has a lengthy roster of credit cards available to Canadians. The question is: which TD credit card is the best?

In truth, there’s no simple answer. The best TD credit card is going to depend on your unique circumstances. Are you looking for a rock bottom interest rate? Or are rewards your primary target? Maybe saving on groceries and gas is a top priority. Whatever your goals, TD Bank has a credit card to help you achieve your goals. Keep reading to find out the best TD credit cards for you and your spending habits.

The Best TD Credit Cards in Canada

Credit CardBest ForMore Info
TD Cash Back Visa Infinite* CardCash BackRead On
TD First Class Travel® Visa Infinite* CardTravelRead On
TD Rewards Visa* CardRewardsRead On
TD® Aeroplan® Visa Infinite* CardAeroplan CollectorsRead On

Best For Cash Back: TD Cash Back Visa Infinite* Card

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If you’re looking to earn cash back on your everyday purchases at a great return, check out the TD Cash Back Visa Infinite* Card. It offers a better-than-average 3% cash back on groceries and gas—two frequently used spending categories —and on recurring bill payments. All other card purchases earn 1% cash back.

The deal gets even sweeter. If you sign up before December 6, 2020, you’ll earn a whopping 10% cash back on all card purchases for the first three months (up to a total spend of $2,000) and get a first-year annual fee rebate for the primary and first additional cardholder. As always, conditions apply.

But what really places the TD Cash Back Visa Infinite* Card among Canada’s best cash back credit cards is its included perks and easy redemption. You can redeem your accumulated Cash Back Dollars to your balance at any time—your cash never expires.

Other included perks: cardholders are covered with travel medical insurance and are automatically enrolled in the Deluxe TD Auto Club – a membership worth $79.00 annually.

The Details:

  • Annual Fee: $120 (Annual fee rebate for first year. Must apply by December 6, 2020)
  • Minimum Income Eligibility: $60,000 personal or $100,000 household income
  • Credit Score Required: Good to Excellent
  • Welcome Offer: Earn 10% in Cash Back Dollars on all purchases for the first 3 months up to a total spend of $2,000 (Conditions apply. Must apply by December 6, 2020.)
  • Additional Benefits: Earn up to 3% cash back on eligible everyday purchases; includes travel insurance and Emergency Road Services with the Deluxe TD Auto Club Membership
  • Interest on Purchases: 20.99%| Interest on Cash Advances: 22.99%
Learn more about the TD Cash Back Visa Infinite* Card.

*This offer is not available for residents of Quebec. For Quebec residents, please click here.


Best For Travel: TD First Class Travel® Visa Infinite* Card

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The TD First Class Travel® Visa Infinite* Card has a model that will reward you mightily if you use the ExpediaForTD.com site to make your travel purchases. When you use this card, you will earn 9 TD points for every dollar you spend on travel through this portal, plus a beefy 3 TD points for everyday purchases made elsewhere. If you’re a bargain hunter looking for travel deals, you can maximize your spending power by booking hotels, flights, cruises, and tours on ExpediaForTD.com.

Even if you’re not travelling right now, this is a good rewards card to carry in your wallet. You can redeem TD points for retail merchandise or gift cards (for stores like Costco, Canadian Tire, Rexall, etc.), or for a credit on your account. So even if you’re grounded at the moment, you can still cash in on rewards and save money. Or if you prefer, just put aside your TD Points for a future trip since they never expire.

As a cardholder, you’ll automatically receive a comprehensive suite of travel insurance including travel medical (up to $1 million in coverage), travel accident, and trip cancellation coverage. You can take advantage of discounts on car rentals and a Priority Pass membership, which gives you access to 1,200 VIP airport lounges worldwide.

The Details:

  • Annual Fee: $120 (first-year annual fee rebate if you apply by May 30, 2021)
  • Minimum Income Eligibility: $60,000 personal or $100,000 household annual income
  • Credit Score Required: Good to Excellent
  • Welcome Offer: Welcome bonus of up to 60,000 TD Points (Conditions apply. Must apply by May 30, 2021.)
  • Other Perks: Travel insurance, discount on Priority Pass lounge membership, rental car discounts
  • Purchase APR: 19.99% | Cash Advance APR: 22.99%
Learn more about the TD First Class Travel® Visa Infinite* Card.

*This offer is not available for residents of Quebec. For Quebec residents, please click here.


Best For Rewards: TD Rewards Visa* Card

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When it comes to collecting rewards, the TD Rewards Visa* Card gets a lot right. With this card, you earn 2 TD Rewards Points per dollar spent on groceries, restaurants, fast food purchases, and recurring bill payments. That alone gives ample opportunity to rack up a hefty balance, but you also get 3 points per dollar spent at ExpediaForTD.com and 1 point per dollar on everything else.

The welcome bonus also gets you off to a good start with an easy 10,000 points just for being active and keeping your account in good standing for the first 90 days, must apply by May 30, 2021. More importantly, the TD Rewards program is super flexible, with redemptions available on everything from travel to merchandise to cash applied to your credit card balance.

The strength of this card is in its rewards-earning potential, and it doesn’t have many premium perks. However, cardholders do get discounts on car rentals and Priority Pass memberships. That said, when you take into consideration that the card commands no annual fee, the value is clear.

The Details:

  • Annual Fee: $0
  • Minimum Income Eligibility: $60,000 personal or $100,000 household
  • Credit Score Required: Good to Excellent
  • Welcome Bonus: 10,000 TD points after keeping your account open and in good standing for the first 90 days.  Conditions apply.  Must apply by May 30, 2021.
  • Additional Perks: Discount for Priority Pass membership; discounts at Avis and Budget Rent A Car
  • Purchase APR: 19.99%| Cash Advance APR: 22.99%
Learn more about the TD Rewards Visa* Card.

This offer is not available for residents of Quebec. For Quebec residents, please click here.


Best For Aeroplan Collectors: TD® Aeroplan® Visa Infinite*Card

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If you’re an avid Aeroplan collector, consider adding the TD® Aeroplan® Visa Infinite*Card to your wallet. You can really rack up the points with this card, as cardholders earn points with every dollar spent (1.5:$1 on eligible groceries, gas, drugstore, and AirCanada.com; 1:$1 on everything else). Even better, purchases made at participating Aeroplan partners and online retailers via the Aeroplan eStore earn double the rewards when you pay with your Aeroplan credit card and present your Aeroplan membership card.

In addition to everyday earnings, this card also offers a decent welcome bonus of welcome bonus of 10,000 Aeroplan points after your first purchase charged to your card and an Air Canada Buddy Pass after spending $1,000 in the first 90 days from account opening. Plus, the annual fee is rebated for the first year for both the primary and first additional cardholder. However, you must apply by January 17, 2021 in order to be eligible.

A common assumption is that you can only redeem Aeroplan points for flights. Not true! Aeroplan points can be redeemed for a wide range of travel rewards (flights, hotel stays, car rentals, vacation packages) as well as experiential rewards, like events tickets, merchandise, and gift cards. You can also donate your points to select charities or transfer them to another member.

Other cardholder benefits include travel and rental car insurance, and exclusive perks like a free first checked bag for you and up to 8 travel companions on the same reservation for Air Canada flights, priority check-in and boarding with Air Canada flights, a $100 Nexus fee rebate, and more.

The Details:

  • Annual Fee: $139 (annual fee rebate for the first year if you apply by January 17, 2021)
  • Income Eligibility: $60,000 personal income or $100,000 annual income
  • Credit Score Requirement: Good to Excellent
  • Welcome Offer: 10,000 Aeroplan points when you make the first purchase with your card and an Air Canada Buddy Pass when you spend $1,000 in the first 90 days from account opening. Must apply by January 17, 2021.
  • Additional Perks: Travel insurance, $100 Nexus fee rebate, VIP benefits when travelling on Air Canada flights, Auto Rental Collision/Loss Damage Insurance, and no Aeroplan points expiry for cardholders
  • Purchase APR: 19.99% | Cash Advance APR: 22.99%
Learn more about the TD® Aeroplan® Visa Infinite* Card

*This offer is not available for residents of Quebec. For Quebec residents, please click here.

Comparing TD Credit Cards Canada

Credit CardWelcome OfferAnnual FeeMore Info
TD Cash Back Visa Infinite* CardLimited-time promo: 10% on all purchases for the first 3 months up to a total spend of $2000 (Conditions apply. Must apply by December 6, 2020.)$120 (Rebated for first year. Conditions apply. Must apply by December 6, 2020.)Visit Site
TD First Class Travel® Visa Infinite* CardUp to 60,000 TD Points (conditions apply), which is a travel value of $300; first-year annual fee rebate. (Conditions apply. Must apply by May 30, 2021.)$120 (Rebated for first year. Conditions apply. Must apply by May 30, 2021.)Visit Site
TD Rewards Visa* Card10,000 TD points (equivalent to a $25 gift card) after keeping your account open and in good standing for the first 90 days. (Conditions apply. Must apply by May 30, 2021.)$0Visit Site
TD® Aeroplan® Visa Infinite* Card10,000 Aeroplan points after making your first purchase. Must apply by January 17, 2021)
 
$139

(Annual fee rebate for the first year if you apply by January 17, 2021)
Visit Site

Final Call: Which TD Credit Card Is Best?

There are some solid options when it comes to TD credit cards in Canada, but ultimately, the best card depends on what you want to get out of it. To decide, consider your eligibility in terms of minimum annual income, your needs and spending habits, and how much you want to pay in annual fees. If you’re a higher income earner ($60k and up), you’re eligible to apply for TD’s premium credit cards. These cards charge an annual fee but come with premium perks ranging from travel rewards, points that can be cashed in for groceries and gas, cash back on your credit card statements, and insurance benefits. In essence, premium cards pay for themselves and are worth the modest annual fee.

Article comments

1 comment
Fred says:

I agree the TD First Class Travel® Visa Infinite* Card is the best card for travel. Throughout the year they will have great promos for new members for the card. Also, if you really want bang for your buck on travel combine it with the RBC Westjet Mastercard as then you have one for flights and one for travel and it ends up being a great combo. Thanks for the great write up!