TD Business Credit Cards: Which of the 4 to Choose?
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TD issues four business credit cards in Canada: the TD® Aeroplan® Visa* Business Card, the TD Business Travel Visa* Card, the TD Business Cash Back Visa* Card and the TD Business Select Rate™ Visa* Card. The first two earn points and carry a $149 annual fee, rebated in the first year. The other two have no base annual fee. Your choice comes down to one question: do you want Aeroplan points, TD Rewards Points, cash back or a low interest rate?
This guide compares each TD business credit card as of October 20, 2026, based on the official TD product pages and our card database. To compare with other issuers, see our ranking of the best business credit cards.
| Card | Annual fee | Rewards | Welcome offer | Best for |
|---|---|---|---|---|
| TD Aeroplan Visa Business Card | $149 ($0 first year), $49 per additional card | 1 to 2 Aeroplan points per dollar | Up to 60,000 Aeroplan points | Air Canada travellers |
| TD Business Travel Visa Card | $149 ($0 first year), $49 per additional card | 2 to 9 TD Rewards Points per dollar | Up to 200,000 TD Rewards Points | Dining, subscriptions and foreign currency purchases |
| TD Business Cash Back Visa Card | $0 | 0.5% to 2% cash back | None | Gas, recurring bills and office supplies |
| TD Business Select Rate Visa Card | $0 (11.99%) or $49 (8.99%) | None | None | Companies that carry a balance |
Who TD business credit cards are for
TD business credit cards target self-employed workers, professionals and small businesses. According to TD, you only need to be a Canadian resident who has reached the age of majority in your province to apply. Every card comes with the TD Card Management Tool, which produces expense reports and lets you set limits for each employee.
The TD Aeroplan Visa Business Card has one more advantage: it earns into the same Aeroplan account as your personal TD Aeroplan cards. You can therefore pool your company's points with your household's for a single flight reward.
TD Aeroplan Visa Business Card: for Air Canada flyers
The TD® Aeroplan® Visa* Business Card costs $149 a year, and each additional card costs $49. TD rebates those fees in the first year for the primary cardholder and up to two additional cardholders. The interest rate is 14.99% on purchases and 22.99% on cash advances.
The card earns Aeroplan points at these rates:
- 2 points per dollar: purchases from Air Canada and Air Canada Vacations
- 2 points per dollar: participating Hyatt properties, on up to $80,000 in spending a year and until July 15, 2029
- 1.5 points per dollar: travel, public transit, dining, EV charging and some business services, such as delivery, internet, cable and phone
- 1 point per dollar: all other purchases
Based on our valuation of 2 cents per Aeroplan point, 1 point per dollar is a 2% return, and 1.5 points is 3%. To compare programs, see our page on the value of points and miles.
The card adds several Air Canada perks:
- Free first checked bag for up to 9 people on the same Air Canada booking
- Maple Leaf Lounges: one pass for every $10,000 in net purchases, up to 4 a year
- NEXUS: application fee rebate, up to $100 every 48 months
- Insurance: 9 types of coverage, including travel medical and flight delay insurance
What changes in January 2027
According to TD, the card gains new benefits on January 12, 2027, and its fees go up afterward:
- 15% discount: on Air Canada flight rewards
- AC Wallet credit: $25 deposited twice a year
- 4th night and 4th rental day free: on hotels and cars booked with Aeroplan points
- New annual fees: $169 for the primary cardholder and $54 per additional card, on the billing date that falls on or after January 25, 2027
For a card opened in October 2026, the first year stays free thanks to the welcome offer, then the first renewal is billed at the new $169 rate. Our article on what changes on Aeroplan credit cards covers these updates in detail.
- Annual feeNo annual fee the first year
- $0 $149
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$1,200Annual fee rebated$149Total$1,349Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $1,349
- Welcome offerAfter $25,000 in 12 months
- Up to 60,000 points
Apply Now
on TD's website
TD Business Travel Visa Card: the biggest bonus
The TD Business Travel Visa* Card also costs $149 a year, plus $49 per additional card. This time, TD rebates the fees in the first year for the primary cardholder and up to four additional cardholders. The interest rate is 19.99% on purchases and 22.99% on cash advances.
The card earns TD Rewards Points at these rates:
- 9 points per dollar: travel booked online through ExpediaForTD.com
- 6 points per dollar: dining, EV charging, public transit, streaming and digital media, scheduled recurring bills and foreign currency purchases, on up to $80,000 in spending per category a year
- 2 points per dollar: all other purchases
TD Rewards Points are worth less than Aeroplan points. Based on our valuation of 0.5 cents per point, here is the real return:
- 9 points per dollar: 4.5%
- 6 points per dollar: 3%
- 2 points per dollar: 1%
The easiest value comes through Expedia for TD, as our Expedia for TD guide explains.
One detail matters for companies that pay suppliers abroad: the 6 points per dollar on foreign currency purchases are worth about 3% at our valuation, slightly more than the 2.5% conversion fee. Also, TD states on its product page that changes are coming to this card. As of October 20, 2026, the details were not available, so check the terms when you apply.
- Annual feeNo annual fee the first year
- $0 $149
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$900Annual fee rebated$149Total$1,049Plus $100 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $1,049
- Welcome offerAfter $25,000 in 12 months
- Up to 200,000 points
Apply Now
on TD's website
TD Business Cash Back Visa Card: no-fee cash back
The TD Business Cash Back Visa* Card has no annual fee, for the primary card or for additional cards. It pays its cash back once a year as an automatic statement credit, and your Cash Back Dollars do not expire as long as the account stays open and in good standing.
According to TD, the card earns:
- 2%: gas, EV charging and public transit, on up to $15,000 in purchases a year
- 2%: scheduled recurring bills and streaming, gaming and digital media, on up to $15,000 in purchases a year
- 2%: eligible office supplies, on up to $15,000 in purchases a year
- 0.5%: all other purchases
If you hit the cap in all three categories, the bonus cash back reaches $900 a year. The interest rate is 19.99% on purchases and 22.99% on cash advances. The card includes purchase security and extended warranty, but no travel insurance. TD also flags upcoming changes on this card.
TD Business Select Rate Visa Card: carrying a balance
The TD Business Select Rate™ Visa* Card earns neither points nor cash back. It is built for companies that sometimes carry a balance, with the same fixed rate on purchases and cash advances. TD offers two options:
- No annual fee: 11.99% interest rate
- $49 annual fee: 8.99% interest rate
The math depends on your average balance carried from month to month:
- Average balance of $10,000: about $300 less in interest a year with the 8.99% option, or roughly $250 net after the fee
- Break-even point: an average balance of about $1,630
Additional cards are free, and the card includes auto rental collision and loss damage insurance for up to 48 consecutive days. As with the TD Business Cash Back Visa Card, TD announces upcoming changes to this card.
Welcome offers on TD business credit cards
As of October 20, 2026, two TD business cards have a welcome offer, in effect since September 1, 2026. TD has not published an end date: the offer can be changed or withdrawn at any time.
For the TD Aeroplan Visa Business Card, up to 60,000 Aeroplan points:
- 10,000 points: on your first purchase
- 30,000 points: when you spend $15,000 in the first 180 days
- 20,000 points: when you spend $25,000 in the first 365 days
For the TD Business Travel Visa Card, up to 200,000 TD Rewards Points:
- 30,000 points: on your first purchase
- 120,000 points: when you spend $15,000 in the first 180 days
- 30,000 points: when you spend $25,000 in the first 365 days
- 20,000 points: for a purchase posted during the 15th-month billing cycle
The point count does not tell the whole story. Based on our valuations, the 60,000 Aeroplan points are worth about $1,200, compared with about $1,000 for the 200,000 TD Rewards Points. Both offers require the same spending threshold over 12 months. The TD Business Cash Back Visa Card and the TD Business Select Rate Visa Card have no offer.
Our verdict by profile
- You fly Air Canada: the TD Aeroplan Visa Business Card. It has the most valuable bonus, the free first checked bag and Maple Leaf Lounge passes. If you already hold a personal TD Aeroplan card, your points pool in the same account.
- You want flexible points: the TD Business Travel Visa Card, especially if your company spends heavily on dining, subscriptions or foreign currency, at 6 points per dollar.
- You want no-fee cash back: the TD Business Cash Back Visa Card, if gas, recurring bills or office supplies are a big part of your spending.
- You carry a balance: the TD Business Select Rate Visa Card. Take the $49 option if your average balance is above about $1,630.
The TD Aeroplan and TD Business Cash Back cards also work well together. Put Air Canada purchases and dining on the first, and gas and recurring bills on the second, with no extra annual fee.
Conclusion
For most small businesses that travel, the TD Aeroplan Visa Business Card is the best TD business credit card: a 60,000 Aeroplan point bonus, concrete Air Canada perks and a card that combines with personal TD Aeroplan cards. The TD Business Travel Visa Card remains a strong pick for a company that spends mostly on dining, subscriptions and foreign currency. To compare with other TD options, see our ranking of the best TD credit cards, and for other business points cards, our guide to American Express business cards.
To compare employee card costs across issuers, read our analysis of employee cards on 18 business credit cards.
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $0 | |||
| $0 | |||
| $0 | |||
| $0 |
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TD business credit cards: frequently asked questions
Which TD business credit card should I choose?
If your company flies Air Canada, the TD Aeroplan Visa Business Card pays the most: up to 60,000 Aeroplan points as a bonus, a free first checked bag and Maple Leaf Lounge passes. The TD Business Travel Visa Card is a better fit for companies that spend heavily on dining, subscriptions or foreign currency. For no-fee cash back, take the TD Business Cash Back Visa Card; to carry a balance, the TD Business Select Rate Visa Card. Also compare with the [best business credit cards](https://milesopedia.com/en/best-credit-cards/business/).
What is the welcome offer on the TD Aeroplan Visa Business Card?
As of October 20, 2026, the offer reaches up to 60,000 Aeroplan points: 10,000 points on your first purchase, 30,000 points when you spend $15,000 in the first 180 days and 20,000 points when you spend $25,000 in the first 365 days. The annual fee is also rebated in the first year for the primary cardholder and up to two additional cardholders. The offer has been in effect since September 1, 2026, and TD can change or withdraw it at any time. See the [card page](https://milesopedia.com/en/credit-card/td-aeroplan-visa-business-card/) for the current offer.
Can I combine points from the TD Aeroplan business card with my personal card?
Yes. According to TD, the Aeroplan points earned with the TD Aeroplan Visa Business Card can be combined with those from any personal TD Aeroplan credit card. You therefore reach the points needed for a flight reward faster. Each additional cardholder must link their own Aeroplan number to their card to get the Air Canada benefits. To learn more about the program, see our [Aeroplan](https://milesopedia.com/en/loyalty-program/aeroplan/) page.
Is the TD Aeroplan Visa Business Card annual fee going up?
Yes. According to TD, the annual fee goes from $149 to $169 for the primary cardholder, and from $49 to $54 per additional card, on the billing date that falls on or after January 25, 2027. In return, the card gains a 15% discount on Air Canada flight rewards and a $25 AC Wallet credit twice a year starting January 12, 2027. Our article on [what changes on Aeroplan credit cards](https://milesopedia.com/en/news/programs/aeroplan-credit-cards-new-benefits-15-discount/) covers the details.
Is there a TD business credit card with no annual fee?
Yes, two. The TD Business Cash Back Visa Card has no annual fee and earns 2% on gas, recurring bills and office supplies, on up to $15,000 in purchases per category a year, then 0.5% on everything else. The TD Business Select Rate Visa Card is also available with no annual fee, at an 11.99% interest rate. For other options, see our ranking of the [best TD credit cards](https://milesopedia.com/en/best-credit-cards/td/).
How much are the 200,000 TD Rewards Points on the TD Business Travel Visa Card worth?
Based on our valuation of 0.5 cents per TD Rewards Point, the 200,000 points are worth about $1,000. TD instead advertises a value of up to $1,300 for the whole offer, which also includes the annual fee rebate. By comparison, the 60,000 Aeroplan points on the TD Aeroplan Visa Business Card are worth about $1,200 at our valuation. To get the most from your points, read our [Expedia for TD guide](https://milesopedia.com/en/guide/tutorials/expedia-for-td-guide/).