TD · Visa
Free, with 3 points a dollar on groceries, dining and transit. TD Rewards points are worth about a third of a cent, so the multipliers are less impressive than they look.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- No annual fee and no fee for additional cards
- 3 points a dollar on groceries, dining and public transit
- 4 points a dollar on travel booked through Expedia For TD
- $1,000 of mobile device insurance on a free card
- 30,310 points in the welcome offer for $1,500 of spending
Watch out for
- TD values the 30,310 point welcome bonus at $100, which puts a point at about a third of a cent
- The 3x and 2x categories are each capped at $5,000 of annual spending
- Once those caps fill, the card pays 1 point a dollar, or about 0.33%
- It is filed as a travel card and carries no travel insurance whatsoever
- The best redemption values require booking through Expedia For TD
What this card earns
- Groceries
- 3x
- Dining and restaurants
- 3x
- Travel
- 4x
- Recurring bills and subscriptions
- 2x
- Transit
- 3x
- Entertainment
- 2x
- Everything else
- 1x
- Bonus rates apply up to
- $5,000 of annual spending after that, the base rate
- Bonus categories at once
- 4 you choose which
- What we value a point at
- 0.5¢
The earning fine print
4 TD Rewards Points per $1 on travel booked through Expedia For TD; 3 points per $1 on groceries, dining and public transit, capped at $5,000 of annual spend; 2 points per $1 on recurring bill payments and on streaming, gaming and digital media, capped at $5,000 of annual spend; 1 point per $1 on everything else. Conservative reading: the $5,000 caps are recorded as the binding annual limit; TD presents them as two separate $5,000 pools (one for the 3x group, one for the 2x group) rather than one shared pool, but does not state whether they reset on the calendar year or the account anniversary.
The welcome offer
- Welcome bonus
- 30,310 points after you spend $1,500, within 3 months
What the offer actually requires
30,310 TD Rewards Points (which TD values at $100 toward Amazon.ca purchases) when $1,500 is spent within 90 days of account opening. TD states the offer 'may be changed, withdrawn, or extended at any time' and publishes no end date. Not available to customers who have activated and/or closed a TD Rewards Visa Account in the last 12 months.
Fees and interest rates
- Annual fee
- None
- Additional card
- Free
- Foreign transaction fee
- Not published by the issuer
- Purchase APR
- 21.99%
- Cash advance APR
- 22.99%
Who can get this card
- Minimum personal income
- Not published by the issuer
Insurance and benefits
- Mobile device
- $1,000
- Purchase protection
- Included
- Extended warranty
- Included
What the benefits really mean
Mobile Device Insurance up to $1,000 for loss, theft or accidental damage. Purchase Security and Extended Warranty Protection covering eligible new purchases for 90 days. No travel insurance of any kind. The 3x and 2x rates are capped at $5,000 of annual spend each. TD's headline shows the multipliers without the cap. The welcome bonus of 30,310 points is stated to be worth $100 against Amazon.ca, which implies roughly a third of a cent per point; do not treat TD Rewards Points as one cent each. The card is filed under 'travel rewards' but carries no travel insurance at all. Applicants who closed a TD Rewards Visa in the last 12 months are ineligible. FX fee is NOT PUBLISHED.
Our verdict
The multipliers are doing a lot of work in the marketing. TD states its own welcome bonus of 30,310 points is worth $100 against Amazon, which values a point at roughly a third of a cent. On that basis, 3 points a dollar on groceries is about 1% back, not 3%, and the base rate is about 0.33%.
That is not nothing on a free card, and the mobile device insurance is a real perk at this price. But the $5,000 caps mean the 3x rate is worth around $50 a year, and calling this a travel card while including no travel insurance is a stretch. If you want a free card, several here pay more in dollars you can count.
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Where this came from. TD Rewards Visa product page and TD's browse-all-credit-cards page. FX fee NOT PUBLISHED by TD on the open web.. We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.