The TD Platinum Travel Visa Card is an entry-level credit card that lets you earn points in the bank’s proprietary TD Rewards program.
The card is a good fit for lower-income earners who are looking to earn travel rewards points with a fixed, predictable rate of return.
Bonuses & Fees
Until August 16, 2021, the TD Platinum Travel Visa Card is offering 40,000 TD Rewards points as a signup bonus:
- 15,000 TD Rewards points upon first purchase
- 25,000 TD Rewards points upon spending $1,000 in the first three months
Quebec residents don’t need to meet a minimum spend in order to earn the latter chunk of 25,000 points; they simply need to keep their account open and in good standing for 90 days.
The card has an annual fee of $89, which is currently waived for the first year.
The first supplementary card on each account costs $35, and the current first-year fee waiver also applies to the first supplementary card. Meanwhile, subsequent supplementary cards are free.
The card’s earning rates are as follows:
- 5 TD Rewards points per dollar spent on travel booked through Expedia for TD
- 3 TD Rewards points per dollar spent on restaurants and recurring bill payments
- 2 TD Rewards points per dollar spent on all other purchases
Since TD Rewards points can be redeemed optimally at a value of 0.5 cents per point, these are equivalent to a 2.5%, 1.5%, and 1% return, respectively.
The best way to redeem TD Rewards points is by booking travel through Expedia for TD, an online travel portal operated in partnership with Expedia.
You can book flights, hotels, car rentals, vacation packages, and anything else that you would normally be able to book via Expedia. You’d apply your TD Rewards points to the purchase at a rate of 200 points = $1, or 0.5 cents per point.
If you’d rather not book through Expedia for TD, you can also redeem TD Rewards points directly against any travel purchase that you purchase with your TD Platinum Travel Visa Card. However, the rate isn’t quite as competitive at 250 points = $1, or 0.4 cents per point.
Redeeming for statement credits or gift cards is also possible, although the rate is even less appealing at 400 points = $1, or 0.25 cents per point.
Generally speaking, you should always strive to redeem your TD Rewards points for travel through Expedia for TD whenever possible, in order to maximize their value.
TD Rewards points never expire as long as you’re a cardholder. If you cancel or switch your card to a different product, you’ll have 90 days’ time to redeem your TD Rewards points before they go away, although you’ll lose the ability to book through Expedia for TD for 0.5 cents per point, and you’ll be limited to redeeming against any travel purchase for only 0.4 cents per point.
Perks & Benefits
The TD Platinum Travel Visa Card comes with car rental discounts at Avis and Budget: 10% in Canada or the US, and 5% internationally.
In addition, cardholders will also receive an annual discount on a Priority Pass lounge membership, although this benefit isn’t nearly as strong as other credit cards that offer a Priority Pass membership (often with free lounge visits) as a complimentary perk.
As an entry-level credit card, the TD Platinum Travel Visa Card offers a relatively basic set of insurance provisions.
Emergency medical coverage, trip cancellation insurance, and trip interruption insurance are all noticeably absent.
While flying, cardholders are covered for up to $500 in flight delay insurance and an aggregate amount of $1,000 for lost, stolen, or delayed baggage.
The card’s car rental insurance grants coverage for up to 48 days, protecting you against unexpected costs associated with collision, damage, and theft.
And when making purchases, the card offers extended warranty of up to one additional year, as well as purchase protection that insures you against damage or theft of an item for up to 90 days after your purchase.