TD Rewards Visa Card
No annual fee. Earn $50 in Amazon.ca rewards with 15,152 bonus points on $500 spend. Get flexible points and mobile device insurance. 21.99% purchases, 22.99% cash advances.
The TD Rewards Visa Card stands out in the Canadian market with a unique no-annual-fee offer. New applicants can earn 15,152 TD Rewards Points (worth $50 on Amazon.ca) by spending $500 in 90 days. The credit card charges 21.99% interest for purchases and 22.99% for cash advances, making it important to pay balances in full monthly. Applicants must be Canadian residents and the age of majority in their province.
How to Apply: Step by Step
First, fill out the online TD Rewards Visa Card application, where you may receive an instant response. Alternatively, call their toll-free number or visit a TD bank branch. Prepare your personal details and income information before applying for the best experience. Once approved, you’ll need to activate your card to start earning points.
Top Pros of the TD Rewards Visa Card
This card is ideal for anyone seeking flexibility. Earn up to 4 points per $1 on travel, 3 on groceries/restaurants/transit, 2 on bills/streaming, and 1 on other purchases.
Another highlight is its comprehensive mobile device insurance, offering coverage up to $1,000 if your phone is lost, damaged, or stolen—an impressive feature at this level.
Main Cons to Keep in Mind
High interest rates at 21.99% for purchases and 22.99% for cash advances could be costly if you carry a balance. This card is best for disciplined payers.
Bonus points are only awarded after meeting spend requirements. Redemption rates and category caps may affect long-term value for some spenders.
Verdict: Who Should Consider This Card?
The TD Rewards Visa Card is one of the best no-fee travel rewards options in Canada, perfect for budget-conscious spenders who maximize everyday purchases. Its flexibility in redeeming points at Amazon.ca, Expedia, and for cash credits, plus unique perks like mobile insurance, make it highly attractive. However, be cautious with balances due to the relatively high interest rate.
