TD Points

Like most other banks, TD has co-branded cards with another loyalty program as well as their own points system, which is unimaginatively named “TD Points”.

The good news is that TD’s credit card loyalty program partner is Aeroplan, which makes it great way to earn the miles needed for our business class trips, when combined with other Aeroplan partners such as American Express and CIBC.  The bad news is that TD card offerings is heavily reliant on promotions to make it worthwhile.  Their base offers are really quite unspectacular to say the least.

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Without annual fee waivers and extra welcome bonses, you barely break-even on new card applications.

However, not all is lost, as TD offers annual fee rebates for certain cards if you hold their All Inclusive Account.  This gives you the ability to get the Aeroplan visa infinite card for 15k bonus with no minimum spending.  In addition, TD has also made it explicitly clear that you qualify for welcome bonuses if you have not held the card for 6 months – so you can switch between Aeroplan cards and TD points cards back and forth 2 times a year and collect the welcome bonus!

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You have to stash $5,000 in their chequing account to waive the monthly fees, so you forgo around $125 in lost interest (assuming interest of 2.5%).  You have to decide if this is worth 15k Aeroplan and around $200 in TD points every year for doing so.

TD’s promotions on credit cards has been on their TD points cards for the last 6 months, so they are really pushing them hard.  You can earn these points on 4 cards.
The current offer is on the TD First Class Travel Visa Infinite.

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For no annual fees, you get 80k points with no minimum spends – worth around $400.  TD has historically offered 40k50k points with first year free, so this is a outstanding offer.  In addition, these points are very flexible.

TD points can be used on TD Expedia, credited against any travel expenses you make, merchandise or “shop the mall” which allows you to use points on a number of retailer websites themselves.

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With TD Expedia, each TD points is worth 0.5c each on Expedia, so 80k is worth $400 (80,000*0.005).  In addition, you earn 9 TD points for each dollar spend on TD Expedia, which equates to a whopping 4.5% return.  If you use Expedia a lot for your travel plans, this card is a must have.

Another way to use these points is the ability to use these points towards your own travel expenses.  Using it towards your own travel gives a slightly lower redemption rate, 1 pt = 0.04c each, so 80k is around $320.  However, you will always have travel expenses even if you pay for everything in points & miles due to Airport fees and taxes, making these points extremely easy to use which can be used in conjunction with Aeroplan.

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In fact, this is exactly what I used them for in 2018.  I racked up about $370 in surcharges and fees in my Aeroplan trip booking and this card helped me knock off $217 from it, making the entire trip booking an even sweeter deal!

In conclusion, TD points can effectively be turned into cash at a decent rate if you have any travel at all. This is made all the sweeter if you have or need a TD all inclusive account, where you can switch between TD points and Aeroplan every 6 months.

Click here to apply for the TD First Class Travel Visa Infinite