TD announced multiple changes to some TD credit cards:
Of all TD credit cards, it is on the TD First Class Travel® Visa Infinite* Card that most significant changes have been made.
TD Points become TD Rewards Points. Aside from the naming, here are the changes related to the card’s points program:
With these new purchase categories (Grocery, Restaurants, Pre-Authorized Purchases), TD is introducing an annual limit of $25,000 in each of these categories.
When your total Purchases exceed $25,000 in a year in each category noted above, you will receive the Base Earn Rate of 2 TD Rewards Points for every $1 in these types of Purchases.
The year starts after your first statement period in January and runs until the end of your statement period the following January.
There continues to be no annual cap on Expedia For TD Purchases.
The reduction from 3 to 2 points per dollar for all purchases is a significant drop if you use your TD First Class Travel® Visa Infinite* Card for all purchases. When using your points for travel through Expedia For TD, it’s a decrease from 1.5% to 1%.
As for Expedia For TD purchases, the decrease is less significant: 8 points per dollar instead of 9. It remains one of the credit cards with the highest return on travel purchases: 4% (8 points per dollar).
On the other hand, if you use your TD First Class Travel® Visa Infinite* Card for groceries, restaurants and pre-authorized purchases, you’ll earn more points than before.
Changes related to card insurance:
The card’s new insurance coverage:
TD has aligned its insurance coverages with the competition. The addition of flight/travel delay insurance is most welcome, given the current situation at airports.
New card benefits:
You will receive one $100 TD Travel Credit on your first Eligible Travel Credit Purchase posted to the Account in a calendar year.
An Eligible Travel Credit Purchase includes:
The TD Rewards Birthday Bonus is worth up to 10,000 TD Rewards points ($50). To get the maximum bonus, you will need to earn 100,000 TD Rewards points through your purchases.
For example, if you make $1,000 in monthly grocery purchases (72,000 points per year), $200 in monthly restaurant purchases (14,400 points per year) and $300 in monthly pre-authorized purchases (14,400 points), you’ll reach 100,800 points.
As for the $100 TD Travel Credit, it’s more restrictive than other cards like the HSBC World Elite® Mastercard® or the National Bank World Elite Mastercard®. Indeed, you’ll have to:
This does not apply to other types of travel such as flights or car rentals.
However, since this $100 TD Travel Credit operates on a calendar-year basis, this means that if you obtain the TD First Class Travel® Visa Infinite* Card in 2022, you will be able to use this $100 TD Travel Credit between October 30 and December 31, 2022. And you’ll have a new $100 TD Annual Travel Credit available on January 1, 2023.
So a TD First Class Travel® Visa Infinite* Cardholder has even more to gain from knowing how Expedia for TD works. Not only can you earn 8 points per dollar (or 4%) for travel, but you can also use this new $100 TD Travel Credit.
Changes related to the TD First Class Travel® Visa Infinite* Card fees:
Most Visa Infinite credit cards have already seen their annual fee increase from $120 to $139. Some will even go up to $150.
With the addition of the $100 TD Travel Credit, the TD Rewards Birthday Bonus and enhanced Card insurance, the $19 increase is justified.
Tip: To avoid paying this annual fee, you can become a TD All-Inclusive Banking Plan holder. You will receive an Annual fee rebate on select TD credit cards (up to $139).
The visual of the card will be changed:
With the TD First Class Travel® Visa Infinite* Card, you can get up to 135,000 TD Rewards points† and a rebate on the annual fee for the first year:
Get an Annual Fee Rebate for the first year†
With the TD First Class Travel® Visa Infinite* Card, you get:
This TD credit card is one of the best TD travel rewards cards.
With the introduction of these new purchase categories (Grocery, Restaurants, Pre-Authorized Purchases), TD is introducing an annual limit of $15,000 for each of these categories.
When your total Purchases exceed $15,000 in a year in each category noted above, you will receive the Base Earn Rate of 1.5 TD Rewards Points for every $1 in these types of Purchases.
New insurance coverages for the TD Platinum Travel Visa* Card:
With this new welcome offer for the TD Platinum Travel Visa* Card, you can get up to 50,000 TD points and a first-year annual fee rebate:
Get an Annual Fee Rebate for the first year†.
There is no minimum income requirement for this TD credit card.
As a reminder, here is the current offer for this card:
The TD Cash Back Visa Infinite* Card‘s new insurance coverages:
Changes related to card fees:
With the TD Cash Back Visa Infinite* Card, you earn 3% cash back on:
And 1% cash back on all other purchases.
It’s the best TD cash back credit card, especially for gas purchases.
With this new welcome offer, you could earn 10% cash back on gas and grocery purchases and pre-authorized payments for the first three months (up to $3,500 in purchases). So you can earn up to $350 cash back!
Plus, a first-year annual fee rebate for the Primary and Additional Cardholders.
Finally, you have good insurance coverage, such as travel medical insurance, delayed or lost baggage insurance, collision/loss damage insurance for car rentals and mobile device insurance.
TD® Aeroplan® Visa Infinite* Card insurance changes:
Thanks to this enhanced welcome offer for the TD® Aeroplan® Visa Infinite* Card, reserved for those who apply via this Milesopedia link, you can earn 10,000 more Aeroplan points than the current public offer!
With this offer for the TD® Aeroplan® Visa Infinite* Card, you can earn up to 50,000 Aeroplan points† and a first-year annual fee rebate:
It’s the best TD credit card for occasional Air Canada travellers.
With the TD Aeroplan Visa Infinite* Card, you earn 1.5 points† per dollar of eligible purchase for:
Like other institutions before it (BMO or National Bank, to name a few), TD has made various changes to its cards.
In terms of TD Rewards points earning, this is partly due to lower interchange fee revenue (the fee charged to merchants for allowing their customers to use a credit card for purchases).
To compensate for this in the eyes of customers, credit card issuers often choose to introduce purchase categories offering more points than before. As always, with changes like this, the winners will be those who take advantage of these different purchase categories by using the right credit card in the right place.
Use our credit card comparison tool to find the card that fits your needs and spending habits!
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