The TD Platinum Travel Visa Card is a personal credit card targeted toward Canada's low-income earners. With the TD Platinum Travel Visa Card you can earn reward points on all purchases and offers excellent rewards if you book your flights via Expedia for TD.
The TD Platinum Travel Visa Card has an annual fee of $89, and you can earn up to 50,000 reward points within your first year, and the annual fee for the first year is completely waived if you make a purchase within 3 months of applying for your card. It also has other benefits like travel and mobile device insurance and car rental discounts.
You can complement the discounts on car rentals by getting adding the Canadian Tire Triangle Mastercard to your stack. It'll help you save as much as 5 cents per litre of gas while on the road without charging a dollar in fees.
What Is The TD Platinum Travel Visa Card?
The TD Platinum Travel Visa Card is one of several travel credit card options introduced by the Toronto Dominion (TD Bank Group), a world-leading online financial services company in Canada. The card is considered the Bank's low-entry travel rewards card option for individuals with little to no income because it lacks a minimum income requirement and the low requirement to accumulate its 50,000 bonus reward points.
TD Platinum Travel Visa Card Features
TD Platinum Travel Visa Card has some great features overall, which include:
- Earn up to 50,000 reward points within your first year.
- Annual fee: $89 per year, with the possibility of getting the yearly fee waived within the first year.
- Additional cardholder fee: $35 annual fee for the first additional cardholder and $0 after that.
- Interest rate: 20.99% on purchases & 22.99% for cash advances.
- Earn rewards points per one dollar spent
- 6 TD reward points for every $1 spent on eligible travel booking through Expedia for TD.
- 4.5 TD reward points for every dollar spent on eligible groceries and restaurants.
- Welcome bonus of up to 15,000 TD reward points when you make your first purchase.
- Up to 35,000 TD reward points when you spend $1,000 within the first 90 days.
- Annual fee rebate for the first year if you make your first purchase within the first three months of opening your account.
- 3 TD reward points for every dollar spent on recurring bill payments.
- 1.5 TD reward points for every $1 spent on every other purchase category.
- Access to travel insurance coverage: including flight & trip delay insurance, common carrier accident insurance, delayed or lost baggage insurance, and hotel/motel burglary insurance.
- Earn 50% more Cash Back points at Starbucks upon linking your TD Cash Back Visa Infinite card with your Starbucks® Rewards account.
- Access to Visa Secure, which safeguards cardholders from monetary loss resulting from fraudulent card use.
- Rental Car Collision/Loss Damage: For car rental periods of 48 days or less and for cars with an MSRP of up to $65,000.
- Free Mobile Mobile Device Insurance with up to $1,000 of coverage in case of loss, theft, or accidental damage of eligible mobile devices.
- Purchase security for eligible new items stolen or damaged within 90 days of purchase, and extended warranty protection for double the warranty period or up to 12 additional months
- Enjoy Emergency Travel Assistance Services.
- Car rental discounts on Avis Rent-A-Car and Budget Rent-A-Car with a minimum discount value of 10% off the lowest base rates in Canada and the US and a minimum discount of 5% internationally
- Optional benefits: These include:
- TD Auto Club Membership.
- TD Credit Card Payment Protection Plan: This is a payment protection plan designed to assist you with your TD credit card obligations in case of a job loss, total Disability, or death.
Eligibility Requirements
To be eligible for the card, you:
- Must be a permanent Canadian resident
- Must have attained the majority age in the Canadian province of residence
TD Platinum Travel Visa Card Pros And Cons
Pros
- Access to common carrier accident insurance, trip interruption insurance, and other travel insurance coverage, saving you from additional insurance costs.
- No minimum income requirements
- Car rental discounts at Avis Rent-A-Car and Budget Rent-A-Car locations
- Access to mobile device insurance claims of up to $1,000 per occurrence
- Purchase security and extended warranty protection for up to one additional year
Cons
- The card has limited travel insurance coverage as it does not offer out-of-province medical and trip cancellation insurance coverage.
- The card does not offer some travel benefits provided by some TD Privilege Infinite cards, such as complimentary access to airport lounges.
Pricing
The TD Platinum Travel Visa Card's annual fee is $89, slightly lower than the average yearly fee of $139 for most TD cards, lower than the Amex Gold's $350 and the American Express Marriott Bonvoy card's $120, and way lower than the Amex Platinum Card's $699. However, to complement the reduced annual cost, the card provides less comprehensive travel insurance coverage than several personal travel credit cards like the ones mentioned and lower earn rates as well.
Summary
The TD Platinum Travel Visa Card is a personal credit card targeted toward Canada's low-income earners. With the The TD Platinum Travel Visa Card you can earn reward points on all purchases and offers excellent rewards if you book your flights via Expedia for TD.
The TD Platinum Travel Visa Card has an annual fee of $89, and you can earn up to 50,000 reward points within your first year, and the annual fee for the first year is completely waived if you make a purchase within 3 months of applying for your card. It also comes with other benefits like travel and mobile device insurance and car rental discounts. All and all, it's a good travel card, just not the best.
TD Platinum Travel Visa Card FAQs
What information is required to apply for the TD Platinum Travel Visa Card?
The following information is required to open a TD Platinum Travel Visa Card :
- Full legal name
- Date of birth
- Contact info and email address
- Home address
- Employment status and income source(s)
- Gross annual income
- Residential status
What are the Insurance Perks & Coverage on the TD Platinum Travel Visa Card?
- Car rental collision/loss damage insurance: The TD Platinum Travel Visa Card provides insurance coverage for rental car damage or theft for rental periods of at most forty-eight (48) consecutive days and with a Manufacturer's Suggested Retail Price (MSRP) of $65,000 or less.
- Common carrier accident insurance: The TD Platinum Travel Visa Card provides up to $500,000 per insured person for accidental death or bodily injury sustained by a passenger on a licensed common carrier.
- Delayed & Lost Baggage Insurance: Provides coverage of up to $1,000 per insured person for essentials when baggage is delayed for greater than six hours, lost or stolen with a common carrier.
- Flight and trip delay insurance: The Card provides up to $500 per insured person if your flight is delayed beyond 4 hours of its initially scheduled time.
- Hotel/Motel burglary insurance: This benefit provides coverage of up to $2,500 per occurrence for repairing or replacing personal items stolen from your travel accommodation.
- Mobile device insurance: The TD Platinum Travel Visa Card provides coverage of up to $1,000 per occurrence for lost, stolen, or accidentally damaged mobile devices. The coverage usually takes effect 30 days from and ends two years from the purchase date of your mobile device and is applicable anywhere in the world as long as you:
- Charge at least 75% of the total purchase cost to your account and activate Your Mobile Device with a Provider; or
- Charge the up-front cost to your credit card, finance the balance through a plan, and charge all your monthly wireless bill payments to Your Account
- Purchase & Extended Warranty Coverage on TD Platinum Travel Visa Card
- Purchase security protection: Ensures items purchased with your card against theft and damage for a maximum of 90 days from the purchase date
- Extended coverage on the original manufacturer's warranty period by up to one additional year.
What are other Perks & Coverage on the TD Platinum Travel Visa Card?
- Car rental discounts on Avis Rent-A-Car and Budget Rent-a-Car with a minimum discount value of 10% off the lowest base rates in Canada and the US and a minimum discount of 5% internationally
- More reward points on Starbucks purchases: Earn 50% more Cash Back points at Starbucks upon linking your TD Cash Back Visa Infinite card with your Starbucks® Rewards account
- Access to Visa Secure, which provides cardholders who shop online with increased security by safeguarding them from monetary loss resulting from fraudulent card use
- Annual fee rebate for the primary and additional cardholder fees based on the following qualification criteria:
- Primary cardholder fee – You must activate your account and make your first purchase within three months of opening the account
- Additional cardholder fee – You must add the additional cardholder to your account on or before May 29, 2023
- $0 annual fee for every subsequent cardholder after the first additional cardholder
How do I Maximize my TD Platinum Travel Visa Card?
You can maximize your TD Platinum Travel Visa Card by:
- Spending up to $1,000 within the first 90 days to qualify for the 50,000 bonus reward points
- Paying for car rentals using your card to take advantage of discounts
- Taking advantage of the primary and additional cardholder first-year annual fee rebate
Is there a limit to the Rewards You can Accumulate with the TD Platinum Travel Visa Card?
No, there is no limit to the reward points you can accumulate with your TD Platinum Travel Visa Card.
What can you Redeem your TD Platinum Travel Visa Card Reward Points for?
You can redeem your TD Platinum Travel Visa Card reward points in several ways. Some categories you can redeem your points on include:
- Online shopping: You can redeem your TD Rewards Points to purchase items online on TDRewards.com or Amazon.ca with Amazon Shop with Points.
- Travel (Go places with points): You can redeem your TD rewards points on travel purchases – including flights, hotel rooms, excursions, and car rentals – through Expedia For TD or any other travel agency.
- Financial rewards: Paying down your TD credit card balance
When can you Redeem your TD Platinum Travel Visa Card Reward points?
TD First Class Travel card rewards Points must be redeemed in a minimum of 200-point increments when booking travel purchases through Expedia for TD online or with your phone. For travel purchases not booked through Expedia For TD, reward points are to be redeemed in minimum increments of 200 or 250 points.
Is the TD Platinum Travel Visa Card Worth it?
Despite the annual fee of $89, the TD Platinum Travel Visa Card could be worth it if you maximize its perks and bonus reward points.
Do my TD Platinum Travel Visa Card Rewards Expire?
No, the TD Platinum Travel Visa Card reward points do not expire if your TD Platinum Travel Visa Card account remains open with the Bank and is in good standing. This contrasts with other loyalty rewards cards like the American Express Marriott Bonvoy card, whose points expire if you don't earn or use new points every year or every certain number of months.
