Ever wanted to fly farther, for less?

As part of TD’s comprehensive credit card portfolio, they’ve created the TD Rewards program for users looking for an easier way to redeem their credit card rewards for travel.

Whether you book through TD’s travel website run by Expedia or through any other provider, you’re not restricted when it comes time to redeem your hard-earned points.

Let’s dive in.

TD Rewards at a glance

Value of a TD Rewards point: High: $0.005 for travel
Low: $0.0023 for merchandise
Ways to redeem TD Rewards: * Travel through Expedia For TD – 0.5 cents per point (CPP)
* Travel booked any way – 0.4 CPP
* Education – 0.4 CPP
* Online shopping – 0.3 CPP
* Gift cards – 0.25 CPP
* Statement credits – 0.25 CPP
* Merchandise – 0.23 CPP
How to earn TD Rewards: * 4 Credit Cards
Who these rewards are good for: * World Travellers
* Students
Frequently Asked Questions: * Level of flexibility? High
* Blackout dates? No
* Do rewards expire? No
* Rewards cover taxes and fees? Yes
* Can these rewards be transferred? No
* Is there a way to earn rewards faster? No
* Do they price-match travel costs? Yes
* How to access TD Rewards.
Plus up to 4% cash back.
Ends January 31, 2020.

Calculating the value of a TD Rewards point

Let’s break down how to redeem your TD Rewards points in 2 broad categories – travel and everything else.

Redeem TD Rewards points for travel

When redeeming your TD Rewards points for travel, you have the option to either:

  • redeem through Expedia For TD, or
  • use your points against any travel purchase made to your TD credit card.

TD Rewards for Expedia: 0.5 CPP

If you want the best value for your points, redeeming your TD Rewards at Expedia For TD is the way to go. 200 points will give you $1 off your travel purchase, giving your points a value 0.5 cents.

How does Expedia For TD work? Easy.

Log in to your account at Expedia For TD and book your next vacation. The full inventory available at Expedia Canada is also available at Expedia For TD. This includes flights, hotels, car rentals, and vacation packages.

At check out, use as many points as you want with a minimum redemption of 200 points.

Related: Expedia For TD – 7 Things You Need To Know

Redeem TD Rewards points for any travel: 0.4 CPP

Want to book travel with a different provider?

No problem. You can redeem your points against any travel you purchased with your TD credit card.

With this option, you get a slightly lower point value of 0.4 cents.

For the first $1,200 of a single travel purchase, every 250 points you redeem gives you $1. Then, for anything over $1,200, 200 points gives you $1.

While there’s a slight loss of point value, you gain the ability to use the provider of your choice.

Redeem TD Rewards points for other items

Although you’ll get the best value when redeeming for travel, TD Rewards has several other options if you’re not planning a trip anytime soon.

Redeem TD Rewards points for higher education: 0.4 CPP

As one of the most practical redemption options we’ve seen so far, TD Rewards allows you to transfer your points towards your student loans or tuition.

This can be especially useful for students or recent grads looking to get ahead of their student debt as soon as possible.

62,500 points will give you a $250 credit towards your tuition or student loans, a point value of 0.4 cents.

To see a list of participating institutions, click here.

Related: Why Every Student Needs An SPC Card

Redeem TD Rewards points at Shop The Mall: 0.3 CPP

With TD’s Shop The Mall, you can use your points to help pay for online purchases from a variety of different merchants, including:

  • Apple,
  • Gap,
  • Indigo,
  • Roots,
  • Sportchek, and
  • Walmart.

Use as many points as you want, with a minimum of a $1 redemption.

One point is worth 0.3 cents when redeemed this way.

Redeem TD Rewards points for gift cards: 0.25 CPP

TD has a wide variety of gift cards for various places to choose from, including merchants, restaurants, and gas stations. Each one offers the same value of 0.25 cents per point.

Here are some examples of participating retailers:

  • Best Buy,
  • Boston Pizza,
  • Canadian Tire,
  • Cineplex,
  • Costco,
  • Esso,
  • Gap,
  • Hudson’s Bay,
  • Home Depot,
  • Indigo,
  • Loblaws,
  • Starbucks, and
  • Tim Horton’s.

Redeem TD Rewards points for statement credits: 0.25 CPP

If you prefer to use your points as a statement credit, every 400 points covers $1, a value of 0.25 cents per point.

But you need to redeem a minimum of 10,000 points (a $25 value) for this option.

Redeem TD Rewards points for merchandise: 0.23 CPP

Like scoring some free merchandise with your points? TD Rewards has you covered.

And while there’s a wide variety of goods available, your points are only worth an average of 0.23 cents, with a range of 0.10 to 0.32 cents per point.

Here’s a sampling of what we researched.

Item Points Required Cost Point Value (CPP)
Microsoft Xbox One S 1TB Battlefield V Bundle 123,140 $390.98 0.32
Fitbit Ionic Watch 133,032 $395.50 0.30
Beats Solo3 Wireless On-Ear Headphones – Gloss Black 127,068 $372.90 0.29
Apple 13-inch MacBook Pro: 2.3GHz dual-core i5, 128GB 666,130 $1,953.77 0.29
Bose® SoundLink® Color Bluetooth Speaker II 67,414 $192.10 0.28
Broil King Baron 590 Grill 456,725 $1,128.87 0.25
T-Fal Steam Iron 43,838 $101.70 0.23
Breville The Barista Express Espresso Machine 293,717 $632.80 0.22
Canon EOS Rebel T6 243,273 $474.60 0.20
Armani Exchange Men’s Diamond Accent Black Ion-Plated Stainless Steel Bracelet Watch 90,103 $157.07 0.17
Samsung 50 inch NU7100 Series 4K UHD Smart LED TV 396,989 $655.40 0.17
Motorola Portable Video Baby Monitor 100,474 $124.30 0.12
DeWalt 20V Lithium Ion Cordless Drill 148,138 $145.77 0.10

*Price as found on google, with 13% sales tax added.

TD Rewards credit cards

Unlike some other loyalty rewards programs, the only way you can earn TD Rewards is by getting a TD Rewards credit card.

There are 4 available and we’ll give a brief overview of each one.

Welcome Bonus Earn Rate Annual Fee & Income Requirements Apply Now
TD First Class Travel Visa Infinite * 20,000 points after your first purchase
* 5x the points in the first 3 months (terms)
* First year free		 * 9 points per $1 at Expedia for TD
* 3 points per $1 on all purchases		 * $120 annual fee
* 60K personal/100K household income		 Apply Now
TD Platinum Travel Visa * 15,000 points after your first purchase
* 5x the points in the first 3 months (terms)
* First year free		 * 5 points per $1 at Expedia For TD
* 3 points per $1 on groceries and recurring bills
* 2 points per $1 on all purchases		 * $89 annual fee
* No income requirements		 Apply Now
TD Rewards Visa * 5,000 points for spending $1,000 in 3 months
* 2,500 when you add an authorized user
* 2,500 when you sign up for paperless statements (terms)		 * 3 points per $1 at Expedia For TD
* 2 points per $1 on grocery, restaurant and recurring bills
* 1 point on all other purchases		 * No annual fee
* No income requirements		 Apply Now
TD Business Travel Visa 30,000 points * 9 points per $1 at Expedia for TD
* 6 points per $1 on recurring bills, restaurants, and foreign currency purchases
* 2 points per $1 on all purchases 		* $149 annual fee
* No income requirements

TD First Class TravelⓇ Visa Infinite*

As the premium offering for the program, the earns you the most amount of points out of all your options.

First, this card comes with a sign-up bonus of up to 80,000 points after you make your first purchase, that’s $400 you can use at Expedia For TD:

  • 20,000 points after your first purchase, and
  • 5x the points for the first 3 months, up to 20,000 points per month.

However, when you’re earning 5x the points, this part of the welcome bonus includes what you would normally be earning on regular spending anyway.

Then, earn points on all your daily spending:

  • 9 points per $1 spent online at Expedia For TD (6 points if you book by phone), and
  • 3 points per $1 everywhere else.

With each point being worth up to 0.5 cents, that’s a 4.5% return on your spending at Expedia For TD – one of the highest return rates for travel purchases you’ll find on any credit card. Plus, earn an average return of 1.5% on all your other spend.

You’ll also get the added coverage of 9 types of purchase and travel insurance, including delayed and lost baggage insurance, as well as trip cancellation and trip interruption.

This is all for an annual fee of $120 (for the primary cardholder – $50 for authorized users), but the annual fee is waived for the first year.

The card also has income requirements of $60,000 personal or $100,000 household.

Want to get the annual fee waived permanently? Get the TD All-Inclusive bank account and this card will qualify for an annual fee waiver. This way you can get a premium card for no annual fee.

TD Platinum Travel Visa*

If you don’t meet Visa Infinite requirements, or maybe you just prefer a card with a lower annual fee, the is a good alternative.

It lets you earn plenty of points without requiring a high income, plus has a lower annual fee of $89 for the primary cardholder ($35 for authorized users). The fee is also free for the first year.

To start, you’ll get a limited time sign-up bonus of up to 30,000 points that includes:

  • 15,000 points after your first purchase, and
  • 5x the points for the first 3 months, up to 5,000 miles per month.

Again, you have to keep in mind that the extra points you earn in the first 3 months include the points you would be earning anyway.

And to keep adding to your point bank, you’ll earn at these rates:

  • 5 points per $1 spent online at Expedia For TD (3 points if booking by phone),
  • 3 points per dollar spent on groceries and recurring bill payments, and
  • 2 points per $1 spent everywhere else.

For the first three months, you’ll also receive 2x the points, up to 10,000 points. Remember that these bonus points include the points you’d earn anyways.

And, similar to the , this card qualifies for an annual fee waiver if you have the TD All-Inclusive banking account.

TD Rewards Visa*

The is a great option if you’re looking for a no fee card.

On your spending, you’ll earn:

  • 3 points per $1 for travel booked online at Expedia For TD (2 points if booked by phone),
  • 2 points per $1 spent on grocery, restaurant, and recurring bill payments, and
  • 1 point per $1 everywhere else.

For the first 3 months, you’ll also receive up to 10,000 points:

  • 5,000 points when you spend $1,000 in the first 3 months,
  • 2,500 points when you add an authorized user by March 2, 2020, and
  • another 2,500 points when you sign up for paperless statements, also by March 2, 2020.

TD Business Travel VisaⓇ

If you’re a small business owner, the will let you earn rewards on all of your business spending.

For an annual fee of $149 ($49 for other authorized card users), you’ll earn:

  • 9 points per $1 spent online at Expedia For TD (6 points if you book by phone),
  • 6 points per $1 spent on recurring bills, restaurants, and foreign currency purchases (up to $80,000 annually), and
  • 2 points per $1 everywhere else.

If you travel frequently for business, you’re looking at a 4.5% return on your travel purchases, one of the best returns you’ll get for travel purchases on a business card.

Related: Is It Time To Fire Your Credit Card? Rate Your Wallet To Find Out

TD Rewards questions and answers

Here are the answers to some common questions about the TD Rewards program.

How flexible are these rewards?

These are very flexible rewards, since you can redeem for any type of travel purchase as well as get cash statement credits.

Are there blackout dates?

No, there are no blackout dates.

Do these rewards expire?

No, provided you have an active TD Rewards credit card.

Can you use points to cover taxes & fees?

Yes, you can use your points to cover taxes and fees.

Can these rewards be transferred?

No, these rewards cannot be transferred.

Is there a way to earn rewards faster?

No, the only way to earn rewards is with a credit card.

Do they price match travel costs?

Yes, you can price match an Expedia For TD booking. But you can only price match on a combined flight and hotel package, or just a hotel booking. You can’t price match an airfare booked on its own.

How to access TD Rewards login?

To access the TD Rewards login, go to the TD Rewards home page, and click login on the top right corner of the page.

In a nutshell

TD Rewards offers a flexible program that allows you to use your points for any type of travel purchase and get nearly the same value for your points regardless of travel provider.

And with some great credit cards available to earn you points, you’ll be jetting off in no time.

Have you used the TD Rewards program before? How was your experience?

Let us know in the comments below.