The TD Rewards Visa Card is an appealing option for Canadian residents seeking a rewards credit card with no annual fee. Purchases are subject to a 21.99% interest rate and cash advances at 22.99%. The credit card welcomes new users with a special points offer when meeting minimum spending criteria, helping jumpstart your rewards balance quickly.

To apply for the TD Rewards Visa Card, first ensure you are the age of majority in your province and a Canadian resident. Visit the application page, fill in your personal and financial details, and submit your request online. Alternatively, you can apply by phone, book an appointment at a branch, or find a local branch to complete your application.

Key Benefits

The card excels at rewarding everyday spending. You earn 4 points per $1 on travel booked via Expedia for TD, 3 points on groceries, dining, and public transit, 2 points on recurring bills and streaming services, and 1 point on everything else. Redeem points easily on travel, purchases, or Amazon.ca.

Another standout perk is mobile device insurance, covering up to $1,000 for eligible devices bought with your card. There are also discounts with car rental partners and popular digital wallet compatibility for added convenience.

Drawbacks

One limitation is the interest rate, especially for those carrying a balance each month. This card is best suited to users who pay balances in full to avoid high interest charges. Additional limitations include spending category caps that can impact the overall rewards rate for frequent shoppers in those areas.

If you’re seeking premium travel benefits like lounge access or enhanced travel protection, this no-fee card may not meet all your needs.

Overall Verdict

The TD Rewards Visa Card is a strong contender among no annual fee credit cards in Canada. It delivers flexible rewards, extra perks like mobile device protection, and competitive earn rates for daily spending. If you want value and low costs, this card is well worth considering.