How TD Rewards works
TD Rewards is a fixed-value bank points program. You earn points on everyday credit card spending and redeem them against travel purchases at a consistent rate. The defining feature is Book Any Way: book any travel using your TD card, then apply points as a statement credit. No program portal, no availability restrictions, no award inventory to navigate.
The tradeoff against transferable-point programs is ceiling. TD Rewards points are worth 0.5¢ each, always. A business class redemption through Aeroplan or another airline program can return 3–5¢ per point on the same seat. TD Rewards will not get you there. What it offers instead is complete flexibility on where and how you book, and a straightforward earn-to-travel cycle that suits people who prefer cash-equivalent simplicity over optimization.
How you earn TD Rewards points
TD First Class Travel Visa Infinite
TD’s flagship travel card earns at an accelerated rate across its highest-spend categories. Groceries, restaurants, and recurring bill payments earn at 6 points per dollar, which works out to a 3% return on travel at Book Any Way rates. Purchases through Expedia for TD earn 8 points per dollar.
| Spending category | Earn rate | Effective return (Book Any Way) |
|---|---|---|
| Expedia for TD purchases | 8 pts / $1 | 4.0% |
| Groceries, restaurants, recurring bills | 6 pts / $1 | 3.0% |
| Everything else | 2 pts / $1 | 1.0% |
Annual fee: $139 (first year rebated). Income requirement: $60,000 personal or $100,000 household. The card also includes travel insurance, lounge access through Visa Infinite Concierge, and an annual birthday bonus of 10% of the prior year’s earned points.
TD Platinum Travel Visa
The Platinum Travel Visa earns at lower rates across the same category structure, at a lower annual fee. It suits lower-volume spenders or those who do not meet the Visa Infinite income requirement.
| Spending category | Earn rate | Effective return (Book Any Way) |
|---|---|---|
| Expedia for TD purchases | 6 pts / $1 | 3.0% |
| Groceries and gas | 4 pts / $1 | 2.0% |
| Everything else | 2 pts / $1 | 1.0% |
Annual fee: $89. No income requirement. Includes some travel insurance and purchase protection, but fewer benefits than the Visa Infinite.
Where you can redeem
Book Any Way
Book Any Way is TD Rewards’ most flexible redemption. Pay for any travel purchase with your TD card — a flight booked directly with the airline, a hotel on any site, a car rental, a taxi to the airport — and then apply TD Rewards points at 200 points per dollar as a statement credit within 90 days of the charge. There is no minimum redemption, no booking portal to navigate, and no airline or hotel restrictions. The Book Any Way calculator shows exactly how many points a given travel charge costs.
Book Any Way or Expedia for TD? Both options deliver 0.5¢ per point. The practical difference: Book Any Way applies to any charge on your card; Expedia for TD is limited to bookings through TD’s travel portal. Book through whichever channel gets you the better price. The points redemption rate is the same either way.
Expedia for TD
TD operates a co-branded Expedia portal where you can book flights, hotels, and car rentals and pay in full or partially with TD Rewards points at 200 points per dollar. The portal earns bonus points on purchases (8 pts/$ with the First Class Travel Visa Infinite), which stacks with the redemption option when you book and redeem in the same portal.
Gift cards and merchandise
TD Rewards points can be redeemed for gift cards and merchandise through TD’s rewards catalogue, but redemption rates in this category are typically below 0.5¢ per point. Travel redemptions are the highest-value use of TD Rewards points. Gift cards and merchandise should be a last resort.
The TD Rewards credit cards compared
| TD Platinum Travel Visa | TD First Class Travel Visa Infinite | |
|---|---|---|
| Annual fee | $89 | $139 (first year rebated) |
| Grocery / restaurant earn | 4 pts / $1 | 6 pts / $1 |
| Expedia for TD earn | 6 pts / $1 | 8 pts / $1 |
| All other earn | 2 pts / $1 | 2 pts / $1 |
| Birthday bonus | — | 10% of prior year’s earned pts |
| Travel insurance | Basic | Comprehensive |
| Income requirement | None | $60,000 personal / $100,000 household |
The First Class Travel Visa Infinite earns 50% more on groceries and restaurants than the Platinum. At $2,500 per month in spending, that difference is roughly 1,500 extra points per month — about $90 in extra annual travel value, well above the $50 fee gap. For most cardholders who meet the income requirement, the Infinite is the correct card.
What the earn math looks like
A household spending $2,500 per month using the TD First Class Travel Visa Infinite:
| Category | Monthly spend | Rate | Monthly points |
|---|---|---|---|
| Groceries and restaurants | $1,200 | 6 pts / $1 | 7,200 |
| Recurring bills | $400 | 6 pts / $1 | 2,400 |
| Other spending | $900 | 2 pts / $1 | 1,800 |
| Total | $2,500 | — | 11,400 pts / mo |
136,800 points per year. Plus roughly 13,680 birthday bonus points (10% of earned). Total: ~150,000 points, worth $750 in travel via Book Any Way. At $139 annual fee, the net travel return is $611 — a 24% return on the annual fee alone, before the card’s insurance and travel benefits.
Where TD Rewards fits
TD Rewards suits two profiles. The first: someone who wants a simple, no-friction earn-and-redeem cycle. Spend on the card, book travel however you prefer, apply points. No program accounts, no transfer partners, no expiry to track.
The second: someone who banks with TD and finds value in consolidating. TD card benefits layer on top of existing TD banking relationships, and managing points through the same bank simplifies the overall picture.
TD Rewards is not a fit for someone whose primary travel goal is business class redemptions on partner airlines, or who wants to accumulate a transferable currency for maximum flexibility. For those goals, a program like Aeroplan — particularly via a card that also earns Aeroplan points directly — provides a higher ceiling.