TD and National Bank each offer a credit card called Platinum:
At first glance, Visa and Mastercard may appear to be identical, especially since their names are almost identical! But which one is the most advantageous?
Let’s look at each of their features in detail, to distinguish these two credit cards.
Welcome bonus and annual benefits
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You can earn up to 50,000 TD Rewards points ($250 value), distributed as follows:
- 15,000 TD Rewards points on your first purchase with your Card
- 35,000 TD Rewards points after $1,000 in purchases in the first 3 months
- Free 6-month subscription to Uber One ($60 value)
What’s more, there’s no annual fee ($89) for the first year on this TD Platinum Travel Visa* Card.
TD reimburses the full annual fee for additional cardholders ($120 value).
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A few times a year, the National Bank has an offer for this card. Right now, there isn’t one.
Keep an eye on our website for the next offer!
TD Platinum Travel Visa* Card
The TD Platinum Travel Visa* Card is the best!
Minimum Income
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There is no minimum annual income for this card.
To be eligible you must:
- Be of the age of majority in your province or territory of residence
- Be a Canadian resident
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No minimum annual income is required.
The eligibility criteria for the National Bank Platinum Mastercard® are :
- Have reached the age of majority in your province/territory
- Be a Canadian resident
It's a tie !
Both are exactly the same!
The accumulation of points
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The TD Platinum Travel Visa* Card rewards the cardholder with :
- 5 TD Rewards points per dollar when booking a trip online at ExpediaForTD.com
- 3 TD Rewards points per dollar on groceries and pre-authorized recurring bill payments
- 2 TD Rewards points per dollar spent on other purchases
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With the National Bank Platinum Mastercard®, you can accumulate :
- 2 points per dollar on grocery store and restaurant purchases,
- 1.5 points per dollar for gas, electric recharges, recurring bills and À la Carte Travel
- 1 point per $1.5 for all other purchases
Benefit: TD Platinum Travel Visa Card
The accumulation rate of the TD card is higher than that of the NBC card. Let’s analyze the most advantageous ways to redeem your points.
Every 200 TD Rewards points redeemed is worth $1 in savings on travel purchases made through Expedia for TD.
Every 10,000 NBC Rewards points redeemed are worth $100 in savings through Plan à la carte’s online travel agency NBC. This is the equivalent of 100 points for every $1 saved.
Let’s look at what it would take to save a dollar:
Grocery purchases and payment of recurring invoices | Other purchases | |
TD Platinum Travel Visa | 66,67$ | 100 $ |
National Bank Mastercard Platinum | 100 $ | 100 $ |
The National Bank Platinum Mastercard® is easy to remember!
Redeeming Points
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With the TD Platinum Travel Visa* Card, the best use of TD Rewards points is to redeem them when booking directly on the Expedia site for TD.
You can use your points to reimburse taxes, golf fees or resort tours.
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With the National Bank Platinum Mastercard, you can use your points for various rewards, including travel discounts such as an apartment rental on Airbnb, or SAQ gift cards.
Rewards | Points for $100 |
Exchange with dedicated NBC À la carte Travel agency | 10,000 |
Flexible travel discount (from 55,000 points redeemed) |
11,000 |
Flexible travel discount | 12,000 |
Extras à la carte RRSP or TFSA contribution Repayment of all-in-one line of mortgage or mortgage loan |
12,000 |
Gift card | 12,000 – 13,500 |
Account credit | 25,000 |
Advantage: National Bank Platinum Mastercard
To compare the two fairly, here are the grocery expenses you’d need to make to get $300 in travel credit.
Card | Expenses |
TD Visa Platinum Card | 20 001 $ |
National Bank Platinum Mastercard® card | 15 000 $ |
Insurance
Insurance | ![]() |
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Travel cancellation insurance | No | Up to $1,250 per person |
Trip interruption insurance | No | Up to $2,500 per person |
Out-of-province/country emergency medical coverage | No | Up to $5,000,000 for up to 10 days (age 76 and under) |
Flight delay insurance | Up to $500 after 4 hours |
Up to $500 after 4 hours |
Baggage Delay Insurance | Up to $1,000 after 6 hours |
Up to $500 after 6 hours (up to $1,000 for lost, damaged or stolen baggage) |
Hotel burglary insurance | up to $2,500 | No |
Rental car theft and damage insurance | up to $65,000 | up to $65,000 |
Travel accident insurance (common carrier) | up to $500,000 | No |
Purchase insurance | Up to 90 days | Up to 2 additional years |
Extended warranty – Purchase | Up to 1 additional year | 180 days |
Mobile Device Insurance | Up to $1,000 | up to $1,000 |
Here are all the details and conditions in :
Advantage: National Bank Platinum Mastercard
For insurance, the National Bank Platinum Mastercard® is excellent.
It offers generous insurance of all kinds. In addition, it requires that only a portion of the travel expenses be charged to the account. This is quite rare, as the issuer usually requires the entire trip to be charged.
Bottom Line
So? Which Card is the winner?
In general, the National Bank Platinum Mastercard® has a head start for :
- Excellent insurance coverage even if you only charge a portion of the trip to your credit card
- The fact that it can be used at Costco!
On the other hand, the TD Platinum Travel Visa* Card is gaining ground with :
- Easy-to-obtain welcome bonus
- Its higher accumulation rate means less spending to earn rewards
All in all, both cards are a good way to get started in the world of travel rewards, but the National Bank Platinum Mastercard® may be better suited to accompanying you abroad, thanks to its insurance benefits.
If you’ve ever had one of these two cards, what are your comments? Come and point them out in the Milesopedia Facebook group.
To see the other cards, check out our ranking of the best travel credit card offers in Canada.