New Referral Program on TD Credit Cards: Up to $300 in Bonuses!

2022 is here, and with it, a new round of bank promotions and offers.

We haven’t quite seen anything similar to last year’s Summer of Love by American Express, but that’s to be expected. After all, it’s January, and what usually happens in January despite disappointing movie releases?

Fortunately, it looks like TD, one of the more conservative Big 5 banks, has upped its game and decided to join the refer-a-friend space.

If your “Player 2” or mother-in-law has been wondering about whether they should get a copy of that brand-new TD Aeroplan Visa Infinite they’ve been eyeing in your wallet, now’s the time to do it.

They could get a great new welcome bonus of Aeroplan points, and you could get up to $300 in gift cards as a referral bonus!

TD Joins the Credit Card Refer-a-Friend Game

Previously, credit card referrals have been the near-exclusive domain of American Express.

Amex really did perfect the notion of offering heightened referral welcome bonuses to new applicants, plus a nice reward for whosoever referred them.

It looks like TD has decided to test the waters this year. TD isn’t the first to try out referrals: CIBC has done so previously, but only for their Aventura credit card product line. This time, though, the bonuses are a lot nicer than the 10,000 Aventura points previously being offered over at CIBC.

The new TD referral program is welcome, but it’s also limited-time, so you’ll want to act sooner than later.

If you want the $300 in gift cards, you’ll need to get one of your friends or loved ones approved for the TD credit card product of their choice March 6, 2022.

How Does TD’s New Refer-a-Friend Program Work?

What I like about TD’s new refer-a-friend program is that it’s for credit cards instead of bank accounts. Previously, the only referral bonuses offered by TD Canada Trust were for recommending friends to open a new chequing or savings account, or to switch their entire banking over to TD.

These types of referrals were a harder sell because Canadians are often satisfied with their current bank, and the cash payouts for getting a friend onboard could often take a while to payout. Worse, many bank accounts have monthly fees that are only waived by maintaining a sizeable balance.

The new referral program, though, allows you to get friends and family signed up for TD’s credit card products, which offer exciting welcome bonuses, often at the competitive first-year price of $0. 

The following TD credit cards are eligible for the limited-time referral promotion, both in terms of existing cards that cardholders can refer from and the new cards that referees can sign up for:

TD Credit Cards with Refer-a-Friend Bonuses
Credit Card Best Offer Value
115,000 Aeroplan points $1,278 Apply Now
Up to 55,000 Aeroplan points $945 Apply Now
135,000 TD Rewards points $825 Apply Now
20,000 Aeroplan points $441 Apply Now
$290 cash back $290 Apply Now
50,000 TD Rewards points
First Year Free
50,000 TD Rewards points $258 Apply Now

Better yet, if you get someone you care about to apply via your link, not only will they get a new credit card, but you’ll earn one of three different $100 e-gift cards. You’ll get your pick of one or any of the following, up to a maximum of three referrals:

  • $100 gift card
  • $100 Uber Eats gift card (only usable within Canada)
  • $100 Sobeys gift card

Now I don’t know about you, but those are all tangible services I use in my daily life. Amazon is where I did much of my shopping for my new condo’s amenities, while Uber Eats provided the food until I’d gone to Safeway (owned by Sobeys) to do my first round of groceries.

That means you could choose to get $300 toward an Xbox One off Amazon, or maybe see how it feels to order a four-person lobster dinner off Uber Eats – the choice is yours.

How to Participate in TD’s Refer-a-Friend Promotion

Of course, anyone who’s been in the Miles & Points game long enough can tell you that a bank’s IT is often a fickle mistress. To participate in TD’s refer-a-friend program, you’ll want to ensure you follow the below procedure.

The first step is to clear your browser’s cache, as the new promotion page might not show up otherwise. Then, log in via the button on the Refer-a-Friend page.

You’ll see a referral link generator form pre-filled with your information. It’ll look like this:

On the next page, obtain your referral link after confirming your details. Lastly, send the link to your buddy, loved one, or frenemy so they can apply.

And that’s it! If they’re approved, you’ll soon be in the land of free furniture and/or fudge. With any luck, you’ll be getting thanked soon for introducing your friends to the wonderful world of Miles & Points, too.

The Fine Print

Of course, no referral program would be complete without a plethora of legalese jargon to make sure you actually qualify for the gift cards TD is paying out.

This offer is only open to current TD credit card holders, and must be completed by March 6, 2022.

The rules also state that any referees must be “individuals with whom you have an existing personal relationship”, though of course we’re all keen to build personal relationships within the Miles & Points community, no?

There’s also a requirement that the referee “cannot already have an eligible credit card” and “cannot have had an eligible credit card that was closed on or after November 18, 2021”. So you’ll want to find individuals who aren’t already part of the TD credit card ecosystem to persuade them to join.

Lastly, in terms of the timing of payout, the fine print states that it may take “12–14 weeks” for the gift card to be fulfilled. This is quite a bit of time to elapse before being eligible to select your gift cards.

I’d recommend calling in after a couple of weeks if you’re certain a friend has applied and been approved but you haven’t seen your reward yet, just to be certain.


It’s always refreshing to see positive developments in the Canadian credit card space. TD has upped their game, and they’ve offered a very straightforward credit card referral program with an excellent selection of rewards.

Of course, I’d have preferred to receive Aeroplan points as a “thank you,” but hopefully this pilot project will succeed and perhaps the TD gods will make this a permanent fixture. Moreover, here’s hoping TD isn’t the only bank to join the brave new world of refer-a-friend programs in 2022.

Until next time, happy applying!