TD Announces Exciting Updates to TD Rewards Credit Cards

TD has just announced some upcoming changes to its line of TD Rewards credit cards and these changes are overall positive without any tradeoffs.

Starting April 30, 2025, new and existing cardholders of the TD Rewards family of personal credit cards can look forward to exciting new perks, including complimentary airport lounge access and higher earn rates in several popular spending categories.

The best part? These upgrades come with no additional fees or devaluations to redemption rates.

Let’s take a look into details of each card.

TD First Class Travel^® Visa Infinite* Card

Starting April 30, 2025, the TD First Class Travel^® Visa Infinite Card* will offer new benefits, including complimentary airport lounge access, higher earn rates in additional spending categories, and updates to its terms and conditions.

These changes come without any increase to the annual fee or reductions to existing perks, making this one of the most noteworthy updates in the Canadian credit card space this year.

The highlight of these changes is the introduction of Visa Airport Companion membership, a long-awaited feature that finally bringing its tier up to match its competitor cards like the CIBC Aventura^® Visa Infinite* Card or the Scotiabank Passport^® Visa Infinite* Card. This membership, which is powered by DragonPass, provides access to over 1,200 airport lounges worldwide, including Plaza Premium Lounges.

Cardholders will also receive four complimentary lounge visits per year, valued at $128 (USD).

Accelerated Earning Rates

Starting April 30, 2025, the TD First Class Travel^® Visa Infinite* Card is also introducing new ways to earn more TD Rewards Points on popular spending categories:

• Public Transit Purchases: Earn 6 points per dollar spent, including subway, bus, railway, and ferry fares (up to $25,000 annually).
• Streaming, Digital Gaming & Media Purchases: Earn 4 points per dollar spent, including services like cable, digital apps, in-game purchases, e-books, and streaming platforms (shared $25,000 annual cap with PAPs).
• Drinking Places: Earn 6 points per dollar spent, including bars, nightclubs, and cocktail lounges (up to $25,000 annually).

These additions complement the existing earning structure:

• 8 points per dollar spent on Expedia for TD bookings.
• 6 points per dollar spent on groceries and restaurants (up to $25,000 annually).
• 4 points per dollar spent on pre-authorized payments.
• 2 points per dollar spent on all other purchases.
• Birthday Bonus: Earn up to 10,000 points annually, equivalent to 10% of the previous year’s earnings.

Interest Rate Changes

Starting with the first statement period in April 2025, the following interest rate changes will apply:

• Purchases: Increase from 20.99% to 21.99%.
• Missed Payments: Increase from 25.99% to 26.99%.
• Cash Advances (Quebec Residents Only): Increase from 20.99% to 21.99%.

What Stays the Same

Despite these updates, many of the card’s key features and benefits remain unchanged:

• No increase to the annual fee.
• The value of TD Rewards Points remains consistent, including redemption rates for travel.
• $100 annual travel credit

Bottom Line

The TD First Class Travel^® Visa Infinite* Card is becoming an even better choice for frequent travellers and everyday earners. The addition of a lounge access benefit elevates the card’s competitiveness among others in its annual fee range, making it a compelling option to keep long-term—especially when paired with its annual travel credit. With enhanced earning categories and complimentary lounge access, this card solidifies its place as a strong contender in the premium travel card space.

TD Platinum Travel Visa* Card

Although not as significant as the TD First Class Travel^® Visa Infinite* Card, the TD Platinum Travel Visa Credit Card* is also receiving meaningful updates to modernize its features and boost rewards on everyday spending.

Accelerated Earning Rates

The card is also introducing new ways to maximize your points on everyday spending:

• Public Transit Purchases: Earn 4.5 TD Rewards Points per dollar spent, including subway, bus, railway, and ferry fares (up to $15,000 annually).
• Streaming, Digital Gaming & Media Purchases: Earn 3 TD Rewards Points per dollar spent, covering digital apps, streaming platforms, in-game purchases, e-books, and more (shared $15,000 annual cap with PAPs).
• Drinking Places: Earn 4.5 TD Rewards Points per dollar spent, including bars, nightclubs, and cocktail lounges (up to $15,000 annually).

These additions complement the existing earning structure:

• 6 TD Rewards Points per dollar spent on Expedia for TD bookings.
• 4.5 TD Rewards Points per dollar spent on groceries and restaurants (up to $15,000 annually).
• 3 TD Rewards Points per dollar spent on pre-authorized payments.
• 1 TD Rewards Point per dollar spent on all other purchases.

Interest Rate Changes

Starting with the first statement period in April 2025, the following interest rate changes will apply:

• Purchases: Increase from 20.99% to 21.99%.
• Missed Payments: Increase from 25.99% to 26.99%.
• Cash Advances (Quebec Residents Only): Increase from 20.99% to 21.99%.

Updates to Other Fees

Some additional fee changes will also take effect:

• Cash Advance Transaction Fee: Now 1% of the transaction amount (minimum $3.50, maximum $10).
• Returned Payment Fee: Reduced from $48 to $10.
• Promotional Balance Transfer Fee: Increased from 3% to up to 5%, with the exact fee provided at the time of the offer.
• Credit Balance Administration Fee: A $10 fee will apply if a credit balance remains inactive for 12 consecutive billing cycles.

What Stays the Same

The following features and benefits remain unchanged:

• The annual fee remains the same.
• The value of TD Rewards Points is consistent, with no changes to redemption rates.

Bottom line

The TD Platinum Travel Visa* Credit Card continues to evolve, delivering greater earning potential on everyday spending while maintaining its core value. These upgrades make it an excellent choice for Canadians who may not yet qualify for TD First Class Travel^® Visa Infinite* Card but are still looking for a flexible and rewarding travel card.

If you’re already a cardholder, the changes will apply automatically starting April 30, 2025. For new applicants, now is the perfect time to explore the card and its many benefits.

TD Rewards Visa* Card

The TD Rewards Visa Credit Card* is set to also receive a series of changes starting April 30, 2025, aimed at enhancing its appeal while modernizing the card’s terms and features. With updated earning categories and some changes to fees and interest rates, this card continues to offer value to everyday cardholders.

Accelerated Earning Rates

Starting April 30, 2025, cardholders will earn more TD Rewards Points in new and existing categories:

• Public Transit Purchases: Earn 3 TD Rewards Points per dollar spent, including subway, bus, railway, and ferry fares (up to $5,000 annually).
• Streaming, Digital Gaming & Media Purchases: Earn 2 TD Rewards Points per dollar spent, covering streaming services, in-game purchases, e-books, and digital apps (shared $5,000 annual cap with PAPs).
• Drinking Places: Earn 3 TD Rewards Points per dollar spent, including bars, nightclubs, and cocktail lounges (up to $5,000 annually).

These categories are in addition to the card’s existing earning structure:

• 4 TD Rewards Points per dollar spent on Expedia for TD bookings.
• 3 TD Rewards Points per dollar spent on groceries and restaurants (up to $5,000 annually).
• 2 TD Rewards Points per dollar spent on pre-authorized payments.
• 1 TD Rewards Point per dollar spent on all other purchases.

Interest Rate Changes

Effective from your first statement period in April 2025, the following changes will apply:

• Purchases: Increase from 19.99% to 21.99% (20.99% for Quebec residents).
• Missed Payments: Increase from 24.99% to 26.99% (25.99% for Quebec residents).
• Cash Advances (Quebec Residents Only): Increase from 20.99% to 21.99%.

Updates to Other Fees

Starting April 30, 2025, additional fee updates will take effect:

• Cash Advance Transaction Fee: 1% of the transaction amount (minimum $3.50, maximum $10).
• Returned Payment Fee: Reduced from $48 to $10.
• Promotional Balance Transfer Fee: Increased from 3% to up to 5%, with the exact fee disclosed during offers.
• Credit Balance Administration Fee: A $10 fee will apply to credit balances inactive for 12 consecutive billing cycles.

What Stays the Same

Many of the card’s existing features and benefits will remain unchanged:

• The annual fee is not increasing.
• The value of TD Rewards Points remains consistent, with no changes to redemption rates.

Bottom Line:

The updates make this no-fee card even more appealing for casual spenders and those just starting out, offering an easy way to earn rewards on everyday purchases.

TD Business Travel Visa* Credit Card

The TD Business Travel Visa* Credit Card is also receiving similar updates, with a unique feature of accelerated earning on Electric Vehicle (EV) charging purchases. These changes make it a standout choice for business owners prioritizing sustainability, while continuing to deliver strong rewards on travel and everyday expenses.

Accelerated Earning Rates

Starting April 30, 2025, the TD Business Travel Visa* Card is introducing new ways to earn more TD Rewards Points on popular spending categories:

• Public Transit Purchases: 6 TD Rewards Points per dollar spent, including subway, bus, railway, and ferry fares (up to $80,000 annually).
• Streaming, Digital Gaming & Media Purchases: 6 TD Rewards Points per dollar spent (shared $80,000 annual cap with pre-authorized payments).
• Electric Vehicle Charging: 6 TD Rewards Points per dollar spent (up to $80,000 annually).
• Drinking Places: 6 TD Rewards Points per dollar spent, including bars, nightclubs, and cocktail lounges (up to $80,000 annually).

Interest Rate Changes

Starting with the first statement period in April 2025, interest rate changes will apply as follows:

• Purchases: Annual interest rate remains at 19.99%.
• Missed Payments: Increased rate of 24.99% on purchases and 27.99% on cash advances will apply after two missed payments within 12 consecutive billing periods. The higher rate remains in effect until six consecutive minimum payments are made on time.

Updates to Other Fees:

Starting April 30, 2025, additional fee updates will take effect:

• Cash Advance Transaction Fee: Now 1% of the transaction amount (minimum $3.50, maximum $10).
• Dishonored Payment Fee: Reduced from $48 to $10.
• Promotional Balance Transfer Fee: Increased to up to 5%, with the exact fee disclosed during offers.
• Credit Balance Administration Fee: A $10 fee will apply if a credit balance remains inactive for 12 consecutive billing cycles.

What Stays the Same

• The annual fee is unchanged.
• TD Rewards Points retain their value, with no changes to redemption rates.
• All existing features and benefits remain intact.

Bottom Line:

The TD Business Travel Visa* Credit Card now stands out as a top choice for business owners prioritizing sustainability, with its industry-leading 8 points per dollar on EV charging purchases. Combined with other expanded earning categories and reduced fees, it’s a powerful tool for managing expenses and earning rewards. For business owners who rely on EVs, this card offers unparalleled rewards potential.

Conclusion

The updates to TD Rewards credit cards reflect a thoughtful approach to meeting the needs of modern consumers and business owners. From enhanced earning potential to new travel perks, these changes deliver more value without increasing costs.

The TD First Class Travel^® Visa Infinite* Card is now a standout option for frequent travelers with its new lounge pass and annual travel credit benefits. Meanwhile, the TD Platinum Travel Visa Credit Card* and TD Rewards Visa Credit Card* cater to everyday earners, while the TD Business Travel Visa Credit Card* brings robust earning potential to entrepreneurs.

There’s now even more to appreciate about TD Rewards credit cards. If you’re already a cardholder, these updates will take effect automatically on April 30, 2025. For prospective applicants, it’s a great time to consider the elevated lineup.