12 Best TD Bank Credit Cards in Canada for 2024
Jun 4, 2024The best TD Bank credit cards in Canada include several Visa Infinite options as well as co-branded travel credit cards that earn Aeroplan points.
TD Bank — also known as Toronto-Dominion Bank — is one of Canada’s ‘Big Six’ banks. The financial institution offers a range of credit cards, from student and business cards to low interest and rewards cards. Here are some of the best TD Bank credit cards on offer in Canada.
Best TD Bank credit cards in Canada
Rewards breakdown
Rewards breakdown
NerdWallet's take
NerdWallet's take
Card details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
NerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
How TD Bank credit cards work
Toronto-Dominion Bank, more commonly known as TD Bank, is one of Canada’s leading financial institutions and it offers a variety of credit cards designed for specific consumers, ranging from students to business owners.
General Types of TD Bank credit cards
TD Bank issues their own bank credit cards, as well as several branded credit cards in partnership with Aeroplan, the popular loyalty program of Canada’s largest airline, Air Canada.
TD Bank offers over a dozen cards tailored for different needs, including cards for students, businesses, low interest cards, rewards and cash back cards and a U.S. dollar card.
TD Bank cash-back cards. Cash-back credit cards earn a set amount of money back for each eligible purchase.
TD Bank travel credit cards. These cards let you earn travel rewards, TD Rewards points and often feature other travel-friendly perks like airport lounge access, priority boarding and travel insurance.
TD Bank Aeroplan credit cards: Co-branded cards that earn Aeroplan rewards points to be used when flying Air Canada.
TD Bank general rewards cards: Rewards credit cards earn points from a financial institution’s proprietary loyalty program, which can be redeemed for a variety of items like merchandise or gift cards and more.
TD Bank business credit cards. These cards can help business owners separate business from personal spending, and earn rewards.
TD Bank student credit cards. Student credit cards often have lower interest rates, low or no annual fees and can help build credit.
TD Bank low-interest credit cards. These cards have lower-than-normal interest rates for those who want to minimize debt or may carry a balance.
TD Bank U.S. dollar cards. A U.S. dollar card allows you to make purchases in American cuurency without paying a foreign transaction fee.
Common features of TD Bank credit cards
Available as Visa cards
At this time, all TD Bank credit cards are affiliated with the Visa network. This means TD Bank credit card holders have access to the top tier Visa Infinite-brand cards, if they qualify. There are no TD Bank Mastercard or American Express options.
Average interest rates
Most of TD Bank credit cards come with an interest rate between 19.99% and 20.99% for purchases, and 22.99% for cash advances. However, the issuer also offers low interest cards that range from 11.99% to 14.99%.
Annual fees are common
Many, but not all, TD Bank credit cards charge an annual fee; an amount paid upfront, once a year, every year you carry the card. An annual fee may be worth it if the value of the rewards you’ll earn exceeds the cost. Here’s a look at the annual fees of the TD credit cards in our list.
Additional perks and rewards
You don’t have to carry a top-tier TD Bank card in order to gain access to some valuable perks. Some of TD’s low rate and no-fee credit cards offer things like rental car discounts, purchase security and extended warranty protection, and the ability to earn accelerated rewards at participating Starbucks stores.
How to choose the best TD bank credit card for you
When choosing any credit card, be sure to look for the eligibility requirements. It doesn’t make sense to apply for a credit card that has age, location, income or credit score requirements you can’t satisfy.
Annual fees. Cards that charge annual fees tend to have more and higher value perks than those that don’t. Be sure that the value of any rewards you’ll earn with the card offset what you’ll pay to carry it.
Interest rate. If you tend to keep a balance on your card, it’s wise to look for a card with a lower interest rate.
Rewards or cash back. Rewards can be more lucrative than cash back but can be complicated to redeem.
Who should consider a TD Bank credit card?
Anyone who currently banks with TD and is in need of a credit card should consider TD Bank’s credit card options. If you’re already a customer, TD will have access to some of your financial information, and applying for a card will be easier.
If you just want to earn more on everyday spending, take a look at TD Cash Back Visa Infinite* Card and TD Cash Back Visa* Card, which deliver 1%-3% cash-back on groceries, gas and recurring bill payments.
TD’s co-branded Aeroplan credit cards can be particularly attractive to those who frequently fly Air Canada, and want to earn points that can be used toward cheaper fares or luxury perks.
How to get a TD Bank credit card
The easiest way to apply for a TD Bank credit card is to start on the bank’s website. Once you’ve selected the card you want, just click the “Apply Online” button.
You’ll then be asked if you’re an existing client or not. If you’re already a TD Bank customer, applying for a card will be a faster process. You’ll be asked to log in to your account and much of the credit card application will be pre-filled based on your account details.
If you’re not an existing client you’ll need to be a permanent resident of Canada and the age of majority in your territory or province. To apply online, you’ll also need an email address. If you don’t have an email address or don’t want to apply online you can go into a branch, book an in-person appointment online or speak to someone via phone.
If a specific income is required to apply for the card, TD will highlight the card’s income requirements. Note that business credit cards may have stricter requirements and you’ll generally have to prove that you own a business.
You’ll then need to consent to the terms and conditions and provide personal information, such as your name and income. While you don’t have to provide your social insurance number (SIN), it will speed up the application process especially if the bank wants to do a credit check.
It can take up to two business days to know if you’ve been approved for a TD Bank credit card, and then another 7 to 10 business days to have to receive the card via the mail.
Frequently asked questions
How do I apply for a TD Bank credit card?
How do I apply for a TD Bank credit card?
You can apply for a TD Bank credit card online, over the phone, or by booking an appointment at a branch location near you. It generally takes about 7 to 10 business days to get your TD credit card in the mail, once your application is approved.
What’s the best TD Bank credit card?
What’s the best TD Bank credit card?
The best TD Bank card for you depends on your spending habits and goals, but in general, the TD® Aeroplan® Visa Infinite* Card is a great card for travellers who want to collect Aeroplan points. Likewise, the TD Cash Back Visa* Card may be a worthwhile option for those who want cash back on everyday spending without paying an annual fee.
DIVE EVEN DEEPER
