If you currently have a TD Classic Travel Visa or a TD Platinum Travel Visa, it would be good to note that with the next few weeks these cards will be changing.

Change can be scary, so here we are…

Filling you in on the details, so you know what to expect.

TD Classic Travel Visa Card

Effective November 16th, 2017, the TD Classic Travel Visa Card will be renamed the TD Rewards Visa Card, and with this change, cardholders will no longer be earning TD Travel Rewards…

Instead they’ll be earning TD Rewards.

Those are not the only changes however the TD Rewards Visa Card will also:

Have $0 annual fee.

The TD Classic Travel Visa currently has an annual fee of $19, but luckily for cardholders, this new version will waive that permanently.

Have a different earn rate.

With the new version of the card, you can earn:

  • 2 TD Rewards for every $1 spent on food (whether at grocery stores or restaurants)
  • 2 TD Rewards for every $1 spent on recurring bill payments
  • 2 TD Rewards for every $1 spent on travel by phone through Expedia for TD
  • 3 TD Rewards for every $1 spent on travel online through ExpediaForTD.com
  • 1 TD Reward for every other $1 spent

Have caps on the awards that can be earned.

You’ll only be able to earn rewards on the first $5,000 spent in each of the following categories:

  • Grocery
  • Restaurant and fast food
  • Recurring bill payments

Have insurance coverage.

While the current version of this card offers no insurance protection, the TD Rewards Visa Card will come with:

  • Purchase protection, and
  • Extended Warranty insurance.

Although the earn rates for the TD Rewards Visa are not quite as good (or as unlimited) as the current version, with no annual fee and added insurance – you lose some, you win some.

TD Platinum Travel Visa

Effective November 6th, 2017, the TD Platinum Travel Visa is also changing their rewards program from the TD Travel Rewards Program to the TD Rewards Program.

With this program change, the TD Platinum Travel Visa will also:

Lower the annual fee.

The annual fee will be lowered from $99 to $89, and the annual fee for secondary cards will be lowered from $59 to $35 per card.

Change the cards earn rates.

With the updated version of the card cardholders will earn:

  • 3 TD Rewards for every $1 spent on groceries
  • 3 TD Rewards for every $1 spent on recurring bill payments
  • 3 TD Rewards for every $1 spent on travel by phone through Expedia for TD
  • 5 TD Rewards for every $1 spent on travel online through ExpediaForTD.com
  • 2 TD Reward for every other $1 spent

Have caps on the awards that can be earned.

You will only be able to earn rewards on the first $15,000 spent in each of the following categories:

  • Grocery
  • Recurring bill payments

Increased insurance coverage.

The TD Platinum Travel Visa will keep all the purchase and travel insurance that is included and also give cardholders Flight/Trip Delay Insurance.

Just like the card above, TD has lowered the amount of rewards you earn on some of your purchases, and also placed earning caps on the amount you can earn (restrictions are never fun).

Not pleased with these changes? Feel free to browse other TD credit cards, or check out the best Canadian travel cards on the market right now.