The big multipliers look dramatic because TD Rewards points are worth half a cent. 6 points a dollar is 3% back, not 6%. 8 points a dollar on travel applies ONLY to bookings made through Expedia For TD; travel booked anywhere else earns the 2 point base rate, so travel is recorded at base here. Gas and drugstore are not bonus categories. The caps are unusual: groceries, dining and transit each get their own $25,000 annual cap, while recurring bills and streaming SHARE a single $25,000 cap between them. That is $100,000 of bonus-eligible spending a year, which is our arithmetic rather than a TD figure. TD never says whether "annual" means the calendar year, the statement year or your anniversary.

146,000 points sounds enormous and is worth about $730 at TD's own Expedia redemption rate of 200 points to the dollar. Reaching it requires $7,500 of spending in 180 days. TD headlines "up to $1,300 in value" by adding the fee rebates, the $100 travel credit and a birthday bonus. Existing cardholders are excluded, as is anyone who has held or closed this card in the last 12 months. TD's own offer terms page carries two contradictory end dates and a different bonus size from the product page, so treat the exact figures as unstable.

Lounge access is 4 complimentary visits per MEMBERSHIP year for the primary cardholder only, through the Visa Airport Companion programme. Every visit after that and every guest costs US$32. TD markets "1,200+ global lounges" on the product page and mentions the per-visit fee only in the welcome guide. The $100 travel credit requires a single Expedia For TD booking of $500 or more and resets each calendar year. Travel medical covers 21 days, dropping to 4 days at 65 and over. Purchase security and extended warranty share a $60,000 lifetime limit across all your TD cards. CAUTION: TD's application PDF shows 20.99% for purchases against 21.99% on its live pages.