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As one of Canada’s Big Six banks, TD offers a wide array of financial services, including an impressive portfolio of more than two dozen credit cards. We’ve broken down our picks for the best TD credit cards in Canada, so that you’ve got the information to make the choice best for you. Whether you’re looking for a credit card that is perfect for low interest, cash back (including one with no annual fee), flexible travel points (think: Expedia), a co-branded travel card (that’s Aeroplan), we have options for you.
| Best credit card by category | Why we love it |
|---|---|
| Best for cash back TD Cash Back Visa Infinite Annual fee: $139 |
3% cash back on eligible grocery and gas purchases, as well as recurring bill payments set up on the card |
| Best for flexible travel points TD First Class Travel Visa Infinite Annual fee: $139 |
A variety of travel redemption options |
| Best for travel with Air Canada TD Aeroplan Visa Infinite Annual fee: $139 |
Generous welcome bonus and robust travel insurance |
| Best for no-fee cash back TD Cash Back Visa Annual fee: $0 |
Cash back rewards with no annual fee |
| Best for students TD Rewards Visa Annual fee: $0 |
Rewards with no annual fee |
| Best for low interest TD Low Rate Visa Credit Card Annual fee: $25 |
Competitively low interest rate |
Best credit card for cash back
If you like cash rewards, you’ll want to take a look at the TD Cash Back Visa Infinite. Its main draws: a strong 3% return in three very popular spending categories, and comprehensive roadside assistance perks.
MoneySense editor insights: The editorial team loves the competitive cash-back rate of 3% on eligible grocery and gas purchases, as well as recurring bill payments set up on the card. The annual fee might feel a bit steep for some Canadians, but the cash rewards might make up for it.
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TD Cash Back Visa Infinite Card
Annual fee: $139 (rebated first year)
Rewards: 1% to 3% cash back
- 3% cash back on gas, grocery and recurring bill payments
- 1% on all other purchases
Welcome offer: Earn up to $600 in value, including 10% cash back on eligible purchases during the first three months (on up to $3,500 in purchases). Conditions apply.
Card details
| Interest rates | 20.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 680 or higher (recommended) |
Pros and cons
Pros
- Rack up 3 times the cash back on groceries, gas and recurring bills
- Cardmembers receive complimentary roadside service membership, a rare credit card perk in Canada, that provides 24 hour emergency help when you’re on the road (to get something similar from the CAA could cost you $119).
- Comprehensive travel insurance includes: up to $2 million in travel medical insurance on trips of up to 10 days and delayed or lost baggage protection.
- Your cash back never expires and you can redeem it (in $25 increments) whenever you want.
Cons
- The bonus categories have annual caps: After you spend $15,000 in the gas, grocery or recurring bill payment categories in a year, cash back earnings fall to the 1% base rate.
- A handful of other cash back cards earn over 3% on groceries and gas. (Read about Canada’s best cash back cards.)
- The minimum household income requirement of $60,000 personal or $100,000 household might be too high for some Canadians to qualify.
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Best credit card for flexible travel points
Thanks to the partnership between TD and Expedia, you can redeem TD points you collect on the TD First Class Travel Visa Infinite for virtually anything travel-related. That includes hotels, vacation packages, and flights—at any airline, hotel or travel provider listed on one of the world’s largest travel comparison sites. That flexibility puts this card on our best TD credit cards list.
MoneySense editor insights: Frequent travellers will love the flexibility in redeeming travel rewards. You can’t get any better with a TD credit card.
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TD First Class Travel Visa Infinite Card
Annual fee: $139 (waived first year)
Rewards: 2 – 8 Points per dollar
- 8 points per $1 on travel booked through Expedia For TD
- 6 points per $1 on groceries and restaurants
- 4 points per $1 on recurring bills
- 2 points per $1 on all other purchases
Welcome offer: Earn up to $1,000 in value, including up to 135,000 TD Rewards points and no annual fee for the first year. Conditions apply.
Card details
| Interest rates | 20.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 680 or higher (recommended) |
| Anniversary bonus | Earn an annual birthday bonus of 10% of your previous year’s points (up to 10,000 points). |
| Point value | . |
Pros and cons
Pros
- You get 8 TD points per dollar spent on ExpediaforTD.com (which is a 4% return), making this card among the highest returns on travel spending for Canadians (a fave pastime, second only to real estate).
- Reap the benefits of anniversary bonuses: cardholders are eligible to receive up to a $100 TD Travel credit and 10% the points they’ve earned through the year.
- Unlike the experiences of other travel credit card programs, redemptions with Expedia for TD are super straightforward: 200 TD points are worth $1 on travel redemptions. No complicated rewards charts. No convoluted points values or calculations needed.
Cons
- While you can redeem points for travel outside of Expedia For TD or for merchandise or gifts, you’ll get less value out of your points this way.
- There’s no ability to transfer TD points to other airline or hotel loyalty programs.
Best for travel with Air Canada
The new TD Aeroplan Visa Infinite has a lot on offer for travellers, especially those who prefer booking with Air Canada.
MoneySense editor insights: If you love the Aeroplan rewards program, this TD card is for you. And the travel insurance is second to no other travel TD credit card.
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TD Aeroplan Visa Infinite Card
Annual fee: $139 (waived first year)
Rewards: 1 – 1.5 Points per dollar
- 1.5 Aeroplan points per $1 on gas, groceries and purchases
- 1.5 Aeroplan points per $1 on purchases made directly through Air Canada (including vacation packages)
- 1 point per $1 on all other purchases
Welcome offer: Earn up to $1,300 in value, including up to 40,000 Aeroplan points and no annual fee for the first year. Conditions apply.
Card details
| Interest rates | 20.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 680 or higher (recommended) |
| Point value | Aeroplan points are worth $0.02 on average |
Pros and cons
Pros
- Receive Air Canada perks, including: preferred pricing on travel redemptions, savings on baggage fees, and you could extend these benefits to up to 8 travel companions.
- Comes with a robust insurance package that includes up to $2 million in coverage for up to 21 days.
- Cardholders can get a rebate on NEXUS fees every two years.
- Get closer to Aeroplan elite status by earning Aeroplan Miles on your everyday purchases (can be used for seat upgrades and more).
Cons
- You can only redeem rewards through Aeroplan partner airlines (includes Air Canada, United, and others), which might limit your options for airlines and/or destinations.
- While lucrative, Aeroplan isn’t exactly the simplest travel points programs to grasp, so it may not be the right fit for anyone who would get frustrated with fluctuating redemption values, which can change based on a destination, time of travel and so on.
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Best no-fee cash back credit card
If you want to earn cash back but don’t want to pay an annual fee, consider the TD Cash Back Visa. Know, though, that the perks are lean—expect purchase security and extended warranty—but like other TD cards, your cash back rewards never expire, and you can redeem this money whenever you want.
MoneySense editor insights: This TD credit card had our editors at “no annual fee”—many other cards from TD come with a $139 price tag. And typically cash-back cards (even outside of the TD suite) have an annual fee. So we like that this has the best of both: No annual feel and cash-back rewards. For a breakdown of the rewards see below.
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TD Cash Back Visa Card
Annual fee: $0
Rewards: 0.5% to 1% cash back
- 1% cash back on eligible grocery and gas purchases, and on recurring bill payments
- 0.5% cash back on everything else
Welcome offer: None
Card details
| Interest rates | 19.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | None specified |
| Credit score | 640 or higher (recommended) |
Pros and cons
Pros
- With no annual fees and no minimum income requirements, this card is accessible to many Canadians.
- The rewards can be redeemed whenever you want (but in $25 increments) and never expire.
Cons
- Earning 1% on groceries, gas, and recurring bill payments is a comparatively low rate, as is the 0.5% base rate. Consider these other no-fee credit card alternatives.
- There are no real perks with this card aside from a discount on rental cars at Avis and Budget.
Best student credit card
It’s not common to find rewards cards without an annual fee, and even less so with a solid rewards earn rate. The TD Rewards Visa Card offers a great entry point for students on a budget.
MoneySense editor insights: If you’re applying for your first-ever credit card then this no-fee rewards card is good for students wanting to use a TD card. You might as well earn reward points from your grocery and bookstore hauls.
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TD Rewards Visa Card
Annual fee: $0
Rewards: 1 – 4 Points per dollar
- 4 TD Rewards points per $1 spent on travel purchases made through Expedia for TD
- 3 points per $1 on groceries and restaurants
- 2 points per $1 on recurring bill payments
- 1 point on all everything else
Welcome offer: Earn a value of $50 in TD Rewards Points to use on eligible Amazon.ca purchases, plus no annual fee. Conditions apply.
Card details
| Interest rates | 19.99% on purchases, 22.99% on cash advances and 22.99% on balance transfers This offer is not available for residents of Quebec. |
| Income required | None specified |
| Credit score | 640 or higher (recommended) |
| Point value | . |
Pros and cons
Pros
- With no annual fee and a low interest rate, this card has a lot on offer for Canadians on a budget.
- You can earn well on travel and top spending categories like groceries.
- TD Rewards is an easy-to-understand points system, which is perfect for credit card newbies and students.
Cons
- Although you can earn points when you book through ExpediaforTD.com, there are no travel perks featured on this card.
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Best low-interest credit card
If you need to finance a big purchase, have an unexpected expense, or just want to score an ultra-low interest rate, this TD credit card is a pretty good option.
MoneySense editor insights: The typical interest rate on credit cards in Canada is around 20%. This card’s rate is editor-approved!
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TD Low Rate Visa Card
Annual fee: $25
Low interest rate: 12.90% on purchases (13.90% for Quebec residents)
Welcome offer: None at this time.
Card details
| Interest rates | 12.90% on cash advances (13.90% for Quebec residents), 0% on balance transfers (13.90% for Quebec residents) |
| Income required | None specified |
| Credit score | 640 or higher (recommended) |
Pros and cons
Pros
- With a low annual fee and low interest rates (nearly half the typical APR), even on cash advances, this card is a great tool for managing expenses.
Cons
- There are no rewards associated with using this card, which is typical for a low interest credit card.
What’s new with TD credit cards?
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