TD Canada Trust
No annual fee, 21.99% purchase interest, bonus TD Rewards Points plus a flexible rewards program. Redeem for travel or Amazon.ca. Ideal for everyday spending.
The TD Rewards Visa Card stands out for Canadians seeking a no annual fee credit card that still provides strong rewards options. You can enjoy a purchase interest rate of 21.99% and cash advances at 22.99%. This card offers a welcome bonus: earn 15,152 TD Rewards Points when you spend $500 in the first 90 days, which you can redeem for Amazon.ca or travel via Expedia For TD. Eligibility simply requires Canadian residency and age of majority in your province.
How to Apply
To get started, gather your personal and financial details. Visit the TD Canada Trust website or head to a branch for your application. You can also apply by phone with a banking specialist if you prefer. After completing the application, you’ll typically receive an instant decision if you meet the basic requirements.
Advantages of the TD Rewards Visa Card
This card boasts no annual fee, making it an accessible choice for cost-conscious users. The flexible rewards allow you to earn extra points on everyday spend categories like groceries, dining, bills and travel. Additionally, the ability to redeem points at Amazon.ca and Expedia For TD grant you practical options, and mobile device insurance is included.
Downsides to Consider
Points on groceries, dining and recurring bills earn at enhanced rates only for up to $5,000 annual spend in each category. Once exceeded, the earn rate reverts to the base rate. The card’s purchase interest rate is also fairly typical at 21.99%, so carrying a balance can quickly become expensive.
Verdict: Who Should Get This Card?
The TD Rewards Visa Card is ideal for Canadians who seek a no-fee credit card and want flexible redemption features. Occasional travellers and Amazon shoppers will benefit most, but the spend caps and standard rates mean it’s best suited for average monthly spenders, not frequent high-volume users.
