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How TD Rewards Work

Ultimate TD Rewards guide Canada

Barry Choi Contributor
Cory Santos Credit card expert

Fact checked by Cory Santos

Updated Apr 24, 2025

How do TD Rewards stack up against other rewards programs? While it might not be the biggest, its flexibility and TD Expedia partnership make it a great option.

While we adhere to strict editorial guidelines, partners on this page may provide us earnings.

Top TD Rewards credit cards

Program at a glance:

Feature
Defined
Point value
Around $0.005 per point
Point expiration
N/A
Redemption options
Travel, Expedia, gift cards, merchandise, statement credits, education
TD Rewards guide Canada

TD Rewards offers booking flexibility thanks to its partnership with Expedia

If you’re thinking about getting a bank-affiliated travel rewards credit card, TD Rewards is one program worth taking a closer look at. The travel rewards are structured around Expedia, one of the largest online travel companies in the world. Not only will you be able to redeem your points for just about any type of travel you can think of, but you can also use points for gift cards, merchandise, and more.

Since TD Rewards is partnered with Expedia, many people say it’s the easiest program to use. Just about everyone has used Expedia before, so navigating the website is incredibly simple and intuitive. Best of all, TD has a few different credit cards that earn you TD Rewards, so you can start earning points regardless of your income level. Keep reading for more details about how TD Rewards work and how you can maximize your points.

How to earn TD Rewards points

The only way you can earn TD Rewards points is with a TD credit card. TD Canada Trust currently offers four credit cards that earn TD Rewards points:

Credit card Welcome bonus Earn rate Annual fee
TD First Class Travel Visa Infinite Card Earn up to $1,000 in value†, including up to 135,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply. Earn 8 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†
Earn 6 TD Rewards Points† for every $1 you spend on Groceries and Restaurants†.
Earn 4 TD Rewards Points† for every $1 you spend on regularly recurring bill payments set up on your Account†
Earn 2 TD Rewards Points For every $1 you spend on other Purchases made using your Card† 		$139
TD Platinum Travel Visa Card Earn up to $370 in value†, including up to 50,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply. Earn 6 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†.
Earn 4.5 TD Rewards Points for every $1 you spend on Groceries and Restaurants†.
Earn 3 TD Rewards Points for every $1 you spend on regularly recurring bill payments set up on your Account†.
Earn 1.5 TD Rewards Points For every $1 you spend on other Purchases made using your Card†. 		$89
TD Rewards Visa Card Earn a value of $50† in TD Rewards Points† to use on eligible Amazon.ca purchases. Conditions Apply. Offer effective as of January 7, 2025. Earn 4 TD Rewards Points for every $1 you spend on travel through ExpediaForTD.com†
Earn 3 TD Rewards Points for every $1 you spend on groceries and restaurants†
Earn 2 TD Rewards Points for every $1 you spend on recurring bills†
Earn 1 TD Rewards Point for every $1 you spend on all other purchases† 		$0
TD Business Travel Visa Card Earn a value of up to $1,024† in TD Rewards Points including a first annual fee rebate†. Earn 9 TD Rewards Points for every $1 you spend using ExpediaForTD.com
Earn 6 TD Rewards points for every $1 in foreign currency purchases and at restaurants and on recurring bills
Earn 2 TD Rewards Points for every $1 spent on all other purchases. 		$149

up to 50,000 pts†

Welcome Bonus

$748

First Year Value

$378

Annual Value

Welcome Bonus: Earn up to $370 in value†, including up to 50,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply.

Learn More Apply Now On TD's Secure Site

This mid-tier option offers:

  • Enhanced earn rates on travel
  • No blackout dates when redeeming
  • Strong welcome bonus with first-year fee waiver

up to 135,000 pts†

Welcome Bonus

$1,554

First Year Value

$554

Annual Value

Welcome Bonus: Earn up to $1,000 in value†, including up to 135,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply.

Learn More Apply Now On TD's Secure Site

This premium option is TD's flagship travel rewards card offering:

  • Exceptional point earning potential
  • Comprehensive travel insurance package
  • Annual TD Travel Credit of $100 when booking through Expedia® for TD
  • Birthday Bonus of up to 10,000 TD Rewards Points annually

15,152 points†

Welcome Bonus

$302

First Year Value

$252

Annual Value

Welcome Bonus: Earn a value of $50† in TD Rewards Points† to use on eligible Amazon.ca purchases. Conditions Apply. Offer effective as of January 7, 2025.

Learn More Apply Now On TD's Secure Site

This entry-level card comes with no annual fee, making it perfect for:

  • Canadians beginning their rewards journey
  • Those who want TD Rewards with no annual commitment
  • Anyone looking for a solid everyday spending card

Those who want TD Rewards with no annual commitment

TD Credit Card Disclosure:

†Terms and conditions apply.

This offer is not available to residents of Quebec.

The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.

Do TD Rewards points expire?

No, TD Rewards Points in Canada do not expire as long as your TD credit card account is open and in good standing.

What are TD Rewards worth?

When evaluating any loyalty program, the most critical factor is understanding exactly what your points are worth. While TD Rewards points have a face value lower than some competitors (less than 1 cent per point), you'll earn them at significantly higher rates than many other bank travel programs, creating comparable overall value.

The true value of your TD Rewards points varies based on how you choose to redeem them:

Redemption option
Value per point
Expedia® for TD
$0.005
Any travel
$0.004
Continuing education
$0.004
Gift cards
$0.0025
Statement credit
$0.0025
Merchandise
$0.0015 to $0.003

How to redeem TD Rewards points

TD Rewards offers multiple redemption pathways, with travel bookings through Expedia® for TD delivering the highest value. Here's a comprehensive breakdown of all available options:

Expedia® for TD Travel bookings

The most valuable redemption option requires just 200 TD Rewards points for $1 in travel value (0.5 cents per point). The process is seamlessly integrated:

  1. 1 Visit Expedia® for TD through tdrewards.com
  2. 2 Make your travel selections from Expedia's vast inventory
  3. 3 During checkout, you'll be prompted to use your TD Rewards points
  4. 4 Apply as many or as few points as you wish (minimum 200 points for $1 discount)

The partnership with Expedia gives you access to virtually every travel product imaginable: flights, hotels, vacation packages, car rentals, cruises, and activities worldwide—all eligible for points redemption.

Any travel purchase

TD Rewards truly shines with its flexibility to apply points toward any travel purchase charged to your TD credit card. This option delivers slightly less value (250 points for $1, or 0.4 cents per point) but provides several advantages:

  • Book accommodations not available on Expedia (like Airbnb)
  • Make direct bookings with travel providers to ensure elite status recognition
  • Secure special rates or promotions not offered through third-party sites
  • Apply points after booking when convenient for you

Continuing education

One of TD Rewards' most unique redemption options allows you to convert points to education credits through higheredpoints.com. At 250 points for $1 (0.4 cents per point), this provides the same value as non-Expedia travel redemptions and offers a practical alternative for:

  • Students looking to offset tuition costs
  • Professionals pursuing continuing education
  • Parents saving for their children's education expenses

Few travel rewards programs offer education-related redemptions, making this a standout feature for families and lifelong learners.

Other redemption options

While delivering less value per point, these additional options provide flexibility:

  • Gift cards: Approximately 400 points for $1 in gift card value (0.25 cents per point). Watch for promotional periods when TD offers enhanced value on gift card redemptions.
  • Merchandise: Browse hundreds of products through tdrewards.com at varying redemption rates (typically 0.15 to 0.3 cents per point).
  • Statement credits: Use points to offset your monthly statement at 400 points per $1 (0.25 cents per point).
  • Amazon.ca purchases: Link your TD Rewards account to Amazon to use points directly at checkout.

Read more: Maximize your travel value with Expedia® for TD

How to maximize your TD Rewards points

Since TD Rewards is a very simple program, there’s only so much you can do with your points. That said, there are a few tips that you can use to ensure that you’re maximizing the value of your points.

  • Always pay with your TD credit card. Since you can only earn points with a TD credit card, you should be charging every purchase possible. You’ll want to pay extra attention to the categories that give you an increased earn rate since that’s an easy way to earn points fast.
  • Try to stick to Expedia® for TD. When you book travel through Expedia® for TD, you’re getting the most value for your points. Any other redemption is not worth as much, so try to avoid them.
  • Look for a generous signup bonus. TD typically has a great welcome offer a few times a year. If you’re in the market for a new card, wait until there’s a bonus that’s worthwhile.

How TD Rewards compares to other programs

Of all the credit card travel rewards programs available, many argue that TD Rewards is the easiest to use since you book your travel through Expedia® for TD.

Here’s how TD Rewards compares to other Canadian loyalty programs:

Program feature
TD Rewards
BMO Rewards
CIBC Aventura
RBC Avion
Point Value
0.5¢ through Expedia
0.5¢ for travel
0.85-1.0¢ (fixed chart)
0.83-2.3¢ (with transfers)
Redemption flexibility
High - Expedia integration with no blackouts
Moderate - BMO Travel portal
Moderate - Fixed chart limits
High - Transfers + fixed chart
Minimum redemption
200 points ($1) - Lowest in Canada
2,000 points ($10)
4,000 to 6,000 points
2,500 points
Unique feature
Education redemption, Expedia integration
Simple earning structure
Fixed flight chart
Airline transfer partners

Compared to BMO Rewards, which has its own travel portal, TD Rewards is arguably better due to the Expedia partnership. That said, some people may prefer HSBC Rewards and Scotia Rewards which allow you to book any type of travel without any devaluation to your points.

TD Rewards does lack a fixed redemption chart and transfer partners that American Express Membership Rewards has. While that may not be important to some people, having those extra options is always nice. If this is important to you, you could consider the TD® Aeroplan® Visa Infinite* Card, which has a high travel earn rate and offers redemption options via the Aeroplan loyalty program.

When it comes to other redemption options, TD Rewards is similar. You can use your points for statement credits, merchandise, and gift cards. One unique feature of TD Rewards is the ability to use your points for continuing education. Not many travel rewards programs give you that option.

Pros and cons

Pros

Pros

  • Expedia: Familiar Expedia interface for bookings makes redeeming points for travel a breeze

  • No limitations: No blackout dates or seat restrictions

  • Generous welcome bonuses: TD credit cards offer generous sign-up bonuses for new accounts

Cons

Cons

  • Reduced value: Lower base point value than some competitors

  • No transfers: No airline/hotel transfer partners

  • Income: High income requirements for top cards

Is TD Rewards worth it?

TD Rewards is a simple program that many people will gravitate towards. If you like to travel, then you’ll have no problem finding what you need through Expedia® for TD. That said, the TD Rewards Visa cards available can be a bit lacking compared to RBC credit cards. RBC cards typically have more travel benefits. That’s not to say RBC is better than TD – they’re just different. As a consumer, you choose the program that best aligns with your goals.

Related: The best TD credit cards in Canada

TD Rewards FAQs

  • How to check TD Rewards points?

    +

    When you log in to tdrewards.com, you’ll be able to see your balance.

  • Do TD Rewards expire?

    +

    As long as you have an active TD Rewards Visa and your account is in good standing, your TD Rewards points will never expire.

  • Can TD reward points be converted to cash?

    +

    You can convert your TD Rewards points into a statement credit, but not physical cash.

Barry Choi Contributor

Barry Choi is a Toronto-based personal finance and travel expert who makes frequent media appearances. When he's not educating people on how to be smarter with money, he's earning and burning miles and points for luxury travel.

Cory Santos Credit card expert

Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.

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