TD Canada Trust
Earn up to 15,152 TD Rewards Points, no annual fee, 21.99% purchase interest, and mobile device insurance included. Apply easily as a Canadian resident.
The TD Rewards Visa Card is tailored for Canadians who want rewards on everyday spending without the burden of an annual fee. The purchase interest rate is 21.99%, with a cash advance rate of 22.99%. Cardholders can also enjoy mobile device insurance up to $1,000. Eligibility requires Canadian residency and the age of majority in your province.
How to Apply for the TD Rewards Visa Card
Applying is straightforward. You can complete an application online and receive an instant response. Alternatively, you can call a TD specialist, book an appointment, or visit a branch. Ensure you meet the eligibility criteria before beginning your application. This process is designed to make sign-up easy and accessible for most Canadians.
Pros of the TD Rewards Visa Card
The card stands out by offering 15,152 bonus TD Rewards Points with no annual fee and excellent earning rates on travel, groceries, dining, and more. Points can be redeemed flexibly for travel, Amazon purchases, or everyday perks. Moreover, the card’s mobile device insurance coverage adds valuable protection rarely found on no-fee cards.
Cons of the TD Rewards Visa Card
The TD Rewards Visa Card’s purchase and cash advance rates are on the higher side, matching many other reward cards. There are also annual category spend caps, so heavy spenders may see decreased earning rates after hitting those limits. The lack of extensive travel insurance may be a drawback for frequent travellers compared to some premium cards.
Final Verdict
For Canadians seeking a no-fee credit card with solid everyday rewards and the flexibility to redeem points for travel, bill payments, or Amazon.ca, the TD Rewards Visa Card is a strong contender. While it has a few limitations for big spenders or frequent flyers, its overall value proposition is excellent for an entry-level rewards card.
