Quick Overview of the TD Business Travel Visa* Card
The TD Business Travel Visa* Card is a powerhouse for Canadian businesses, especially if you love to (or have to) travel. With a slew of benefits, from high rewards rates on Expedia bookings to comprehensive insurance coverage, it's a card that demands attention.
Who's the TD Business Travel Visa* Card for?
The TD Business Travel Visa* Card is ideal for Canadian businesses that frequently travel. Whether you're a small business owner or a corporate executive, the card offers a range of benefits that can enhance your travel experience. From the high rewards rates on Expedia bookings to the comprehensive insurance coverage, the TD Business Travel Visa* Card is designed to meet business travel needs and provide cardholders with peace of mind while on the go.
Pros and cons
Pros
-
High rewards rate: Earn up to 9 TD Rewards Points per $1 on travel bookings through ExpediaForTD.com.
-
Flexible redemption: No blackout dates or seat restrictions.
-
Comprehensive insurance: From travel medical to car rental coverage.
-
Special offers: Lucrative welcome bonuses and limited-time offers.
Cons
-
Annual fee: A $149 annual fee, though it's rebated in the first year.
TD Business Travel Visa* Card welcome bonus
Earn a value of up to $997 in TD Rewards Points (that's up to 150,000 TD Rewards Points) full Annual Fee Rebates in the first year. Conditions Apply. Account must be opened and approved by September 3, 2024..
†Terms and conditions apply.
How to earn TD Rewards points with the TD Business Travel Visa* credit card
Despite the $149 annual fee, the TD Business Travel Visa* Card is a lucrative travel rewards powerhouse that provides companies with impressive rewards in a wide variety of critical business travel categories. This card shines with its earn rates:
- Earn 9 TD Rewards Points for every $1 you spend using ExpediaForTD.com
- Earn 6 TD Rewards points for every $1 in foreign currency purchases and at restaurants and on recurring bills
- Earn 2 TD Rewards Points for every $1 spent on all other purchases.
The easiest way to redeem TD Rewards is through eligible travel bookings through Expedia for TD. Business Travel Visa account managers can use TD Rewards points towards "Book Any Way" travel bookings through Expedia for TD or opt to use points for statement credits and education credits or to purchase gift cards or merchandise.
TD Business Travel Visa* Card key benefits
The TD Business Travel Visa* Card offers a range of key benefits that make it an excellent choice for frequent travelers. With this card, you can enjoy the convenience of no travel blackouts or seat restrictions, giving you the freedom to book your travel through any agency. Additionally, you have the flexibility to use your points to cover taxes and fees on your travel bookings, making it even more cost-effective. This card truly understands the needs of business travelers and aims to provide them with a seamless and hassle-free experience.
TD Business Travel Visa* Card Insurance coverage
The TD Business Travel Visa* Card offers a robust insurance package:
- Travel medical insurance: Up to $2 million coverage for the first 15 days of your trip.
- Travel accident insurance: Up to $500,000 for covered losses.
- Trip cancellation/interruption: Up to a maximum of $5,000.
- Flight/trip delay insurance: Up to $500towards hotel and restaurant expenses.
- Lost or stolen baggage: Coverage up to $1,000 per trip.
- Car rental coverage: Coverage for auto rental collision/loss damage up to $65,000 MSRP.
- Purchase security: On most items for 90 days from purchase date against loss or damage.
- Extended warranty protection: Automatically extends manufacturer’s warranty.
Extra benefits of the Business Travel Visa* credit card from TD
The card also provides a suite of benefits designed to support businesses on business trips, at the office or even when planning a company get-together. Additional features of the TD Business Travel Visa* Card include:
- The Visa SavingsEdge program offers sweet deals to grow your business on brands like Amazon Business, Budget Rent-a-car, Google Ads, Constant Contact, UPS, Zendesk and more.
- Get a free 12-month Uber One membership, valued at $120.
- Get your Starbuck® fix - earn more at Starbucks® by linking the card to earn 50% more TD Rewards Points and Stars.
- Save a minimum of 10% on the lowest available base rates in North America with Avis and Budget.
- Redeem your TD Rewards Points towards business purchases at Amazon.ca.
- Access TD Card Management Tool to redistribute available credit among cardholders, set restrictions on spend type, temporarily turn a Card on or off, track employees spending with up to 18 months of business transaction data and more.
How the TD Business Travel Visa* Card compares
The TD Business Travel Visa* Card falls into the travel and foreign transaction category. When considering such cards, it's crucial to compare features, fees and benefits to ensure you're getting the best value.
TD First Class Travel® Visa Infinite* Card
4.0
Good
Suggested credit scoreEarn up to $1,000 in value†, including up to 135,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply. Account must be approved by January 6, 2025.
Expires
Jan 6, 2025
Pros
-
Major combined value for the welcome bonus (up to $1,000 in value)†
-
Good base earn rate on all purchases
-
Huge earn rate when you book travel through Expedia® For TD†
-
Very flexible redemption options
-
$100 TD Travel Credit†
-
Visa Infinite Benefits
-
Great savings on annual fees for accountholders of TD’s All-Inclusive Banking Plan
Cons
-
Does not provide free lounge access
-
Charges foreign transaction fees
Eligibility
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
8 Points
Earn 8 TD Rewards Points† for every $1 you spend through ExpediaForTD†
6 Points
Earn 6 TD Rewards Points† for every $1 you spend on groceries and restaurants.†
4 Points
Earn 4 TD Rewards Points† for every $1 you spend on recurring bill payments.†
2 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
10% Bonus Points
Earn a Birthday Bonus of 10% of the TD Rewards Points you have earned over the past year, up to a maximum of 10,000 TD Rewards points†.
$100
Get an annual TD Travel Credit when you book at Expedia For TD†
Earn 8 TD Rewards Points† for every $1 you spend through ExpediaForTD†
8 Points
Earn 6 TD Rewards Points† for every $1 you spend on groceries and restaurants.†
6 Points
Earn 4 TD Rewards Points† for every $1 you spend on recurring bill payments.†
4 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
2 Points
Earn a Birthday Bonus of 10% of the TD Rewards Points you have earned over the past year, up to a maximum of 10,000 TD Rewards points†.
10% Bonus Points
Get an annual TD Travel Credit when you book at Expedia For TD†
$100
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Additional cardholder† $50; First year Annual Fee Rebate†
2.5%
Foreign Transaction Fee 2.5% of the transaction in CND
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.5%
Pros
-
Major combined value for the welcome bonus (up to $1,000 in value)†
-
Good base earn rate on all purchases
-
Huge earn rate when you book travel through Expedia® For TD†
-
Very flexible redemption options
-
$100 TD Travel Credit†
-
Visa Infinite Benefits
-
Great savings on annual fees for accountholders of TD’s All-Inclusive Banking Plan
Cons
-
Does not provide free lounge access
-
Charges foreign transaction fees
Eligibility
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
8 Points
Earn 8 TD Rewards Points† for every $1 you spend through ExpediaForTD†
6 Points
Earn 6 TD Rewards Points† for every $1 you spend on groceries and restaurants.†
4 Points
Earn 4 TD Rewards Points† for every $1 you spend on recurring bill payments.†
2 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
10% Bonus Points
Earn a Birthday Bonus of 10% of the TD Rewards Points you have earned over the past year, up to a maximum of 10,000 TD Rewards points†.
$100
Get an annual TD Travel Credit when you book at Expedia For TD†
Earn 8 TD Rewards Points† for every $1 you spend through ExpediaForTD†
8 Points
Earn 6 TD Rewards Points† for every $1 you spend on groceries and restaurants.†
6 Points
Earn 4 TD Rewards Points† for every $1 you spend on recurring bill payments.†
4 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
2 Points
Earn a Birthday Bonus of 10% of the TD Rewards Points you have earned over the past year, up to a maximum of 10,000 TD Rewards points†.
10% Bonus Points
Get an annual TD Travel Credit when you book at Expedia For TD†
$100
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Additional cardholder† $50; First year Annual Fee Rebate†
2.5%
Foreign Transaction Fee 2.5% of the transaction in CND
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.5%
TD Business Travel Visa* Card Vs TD First Class Travel® Visa Infinite* Card
These two cards are similar, so what sets them apart? Business perks vs. a focus on travel. The First Class card charges $139 for its annual fee, or $10 less than the Business Travel Visa*. For some good news, both cards’ travel insurance packages are identical.
The TD First Class Travel® Visa Infinite* also gives you an annual credit of $100 when you book at Expedia for TD. And, because you’re part of the Visa Infinite Benefits program, you’ll get access to 24/7 concierge services, luxury hotel and dining experiences and more. Ultimately, pick the card that best suits your needs.
TD Business Travel Visa* Card vs. TD® Aeroplan® Visa* Business Card
The TD® Aeroplan® Visa* Business Card’s biggest difference is Aeroplan vs. TD Rewards Points. If you love flying with Air Canada and its partner airlines, want a free first checked bag and access to the Maple Leaf Lounges in North America (though you earn one pass for every $10,000 spent), then this may be a good card for you. It charges a $149 annual fee that you can get waived in the first year. It features the same great insurance benefits, the Visa SavingsEdge program and the TD Card Management Tool. One last difference, the TD® Aeroplan® Visa* Business Card only charges 19.99% interest.
So really, which points program would you rather have?
TD Business Travel Visa* Card Vs.CIBC Aventura® Visa* Card for Business Plus
Another business card, a different rewards program. CIBC will waive the $120 annual fee in the first year, charge 19.99% APR and has a Visa Spend Clarity for Business to track your spending, customize payment controls and use powerful reporting tools.
Much like the Expedia for TD program, you can book on any airline, every flight, every seat with points that don’t expire with the CIBC Rewards Centre. CIBC’s welcome bonus of 60,000 Aventura points doesn’t seem as strong as TD’s welcome bonus, but the dollar value is about the same (~$1,200).
A significant differentiator is the lack of emergency medical insurance with CIBC.
Is the TD Business Travel Visa worth it?
The TD Business Travel Visa* Card is a strong contender in the best business credit card category. With its massive welcome bonus (that serves as a draw to their banking products), high earn rate, great insurance coverage and business tools (TD Card Management Tool), this card stands up against some of the best. If you like the security of a big bank, a credit card you can confidently give to your employees, and want to unlock some bonuses while travelling, this card is a winner.
TD Business Travel Rewards Visa* eligibility requirements
TD has specific requirements when applying for a business credit card. For starters, the company must be a registered and operating business in Canada. Additionally, the applicant must be a Canadian resident and of the age of majority in their province/territory of residence. While these requirements seem restrictive, it still leaves the door open to freelancers and other small or part-time proprietors to open a business credit card account.
FAQs
Tyler Wade has worked in personal finance for over 5 years writing for brands like Ratehub, Forbes, KOHO, and now Money.ca.
Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.
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