TD U.S Dollar Visa Card

2.0

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N/A There are no reward offerings with this card.

19.99% Purchase APR

22.99% Cash Advance APR

$39 Annual Fee (USD). Option to waive with TD Borderless Plan

2.5% Foreign Transaction Fee 2.5% of the transaction in CND

Good Recommended Credit Score

$0 Required Annual Personal Income

$0 Required Annual Household Income

2.0

TD U.S Dollar Visa Card

Quick card overview

Quick overview of the TD U.S. Dollar Visa* Card

The TD U.S. Dollar Visa* Card is tailored for Canadians who frequently travel to or shop in the U.S. Especially to TD bank appealing customers, this card allows transactions in U.S. dollars without the hassle of foreign currency conversion rates. 

Who can benefit?

Who can benefit from the TD U.S. Dollar Visa* credit card?

If you’re a regular visitor to the U.S. (here’s lookin’ at you, Snowbirds), or spend more than $3,000 USD per year, avoid the foreign exchange fees and consider if this TD card is right for you. 

Pros and cons

Pros and cons

Pros

Pros

  • No foreign currency conversion rates and fees.

  • Insurance coverages for travel and shopping.

  • Digital wallet compatibility with Apple Pay and Samsung Pay.

  • Option to waive the annual fee with the TD Borderless Plan.

Cons

Cons

  • $39 annual fee.

  • No reward points or cashback.

Welcome bonus

TD U.S. Dollar Visa* welcome bonus

Currently, the TD U.S. Dollar Visa* Card does not offer a specific welcome bonus.

How to earn rewards

Earning rewards with the U.S. Dollar Visa Card from TD

The card does not offer points or cashback rewards for purchases.

Key benefits

Key benefits of the TD U.S. Dollar Visa* credit card

The TD U.S. Dollar credit card offers a major advantage for individuals who are billed in U.S. dollars. This card is specifically designed to eliminate the hassle of currency conversion, allowing users to make transactions easily and efficiently. With this feature, cardholders can save time and effort by avoiding the need to convert their currency.

The card also offers comprehensive insurance coverage, including protection against travel accidents, auto rental damage, and delayed baggage. This ensures that cardholders have peace of mind while traveling, knowing that they are protected against unexpected events and potential financial losses.

Finally, if you're planning to make a purchase from an American website, using the U.S. Dollar credit card can be a smart choice. By using this card for your digital payments, you can avoid the costly currency exchange fees that often come with international transactions. This means that you can save money and enjoy a more convenient shopping experience.

Insurance coverage

TD U.S. Dollar Visa* insurance coverage

Like other TD Bank credit cards, the TD U.S. Dollar Visa Card provides a comprehensive slate of insurance coverage designed to keep you safe at home, in the United States, or wherever your travels take you/ These benefits and protections include:

  • Common carrier travel accident: Up to $500,000
  • Trip interruption insurance: Up to $5,000 per insurance person (maximum $25,000).
  • Auto rental collision/Loss damage: Comprehensive coverage for rented vehicles with a maximum MSRP of $65,000.
  • Delayed and lost baggage: Up to $1,000 per individual.
  • Extended warranty and purchase security: Protection for most items charged to the card.

Optional insurance protections

  • Option to waive the annual fee with the TD Borderless Plan bank account, provided certain conditions are met. Additionally, cardholders can enjoy a 10% discount on Avis car rentals.
How it compares

How the TD U.S. Dollar Visa* compares

This card falls into the category of foreign exchange rate credit cards, designed primarily for travel and international shopping. When considering such a card, it's essential to compare the market to ensure you're making an informed choice.

RBC U.S. Dollar Visa Gold

3.0

Good

Suggested credit score

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Read review

Pros

  • Avoid foreign transaction fees for USD purchases

  • Earn points in the RBC Avion rewards program

  • Extensive insurance protections

Cons

  • Rewards are limited versus other reward credit cards

  • Payment required in USD

Eligibility

Recommended Credit Score

Good

Pros

  • Avoid foreign transaction fees for USD purchases

  • Earn points in the RBC Avion rewards program

  • Extensive insurance protections

Cons

  • Rewards are limited versus other reward credit cards

  • Payment required in USD

Eligibility

Recommended Credit Score

Good

Avion point for every US dollar you spend

1

Save 3₵ per litre at Petro-Canada when you connect your RBC credit card to your Petro-Points account

3₵

Purchase APR

20.99%

Cash Advance APR

22.99%

Annual Fee

$65

Foreign Transaction Fee

2.5%

TD U.S. Dollar Visa* Card vs Royal Bank U.S. Dollar Visa Card

The RBC Royal Bank's U.S. Dollar Visa Card, with a $65 USD annual fee, offers benefits like guaranteed hotel reservations. Plus, you can earn 1 Avion point for every US dollar spent on purchases. However, the TD U.S. Dollar Visa* Card stands out with its option to waive the annual fee and its comprehensive insurance coverage.

Scotiabank Passport® Visa Infinite* Card 

Apply now

4.3

up to 35K pts

Welcome offer

Excellent

Suggested credit score

Earn up to $1,100* in value in the first 12 months, including up to 35,000 bonus Scene+ points

Expires

Jan 3, 2025

Apply now

Pros

  • No FX fees means the card saves you significant expenses on foreign transaction fees

  • Earn up to 3x Scene+ points per $1 spent on eligible purchases

  • Flexible and straightforward redemption program

  • Visa acceptance globally compared to American Express, especially outside major cities.

  • Enjoy six annual visits to airport lounges

  • Robust insurance offerings, including extended travel emergency medical coverage

  • Access to Visa Infinite Program benefits, with added advantages like a free supplementary card

Cons

  • High annual fee

  • Limited rewards categories for earning reward max rate on purchases

  • Primarily best for travel within Canada

Eligibility

Recommended Credit Score

Excellent

Required Annual Personal Income

$60,000

Required Annual Household Income

$100,000

Pros

  • No FX fees means the card saves you significant expenses on foreign transaction fees

  • Earn up to 3x Scene+ points per $1 spent on eligible purchases

  • Flexible and straightforward redemption program

  • Visa acceptance globally compared to American Express, especially outside major cities.

  • Enjoy six annual visits to airport lounges

  • Robust insurance offerings, including extended travel emergency medical coverage

  • Access to Visa Infinite Program benefits, with added advantages like a free supplementary card

Cons

  • High annual fee

  • Limited rewards categories for earning reward max rate on purchases

  • Primarily best for travel within Canada

Eligibility

Recommended Credit Score

Excellent

Required Annual Personal Income

$60,000

Required Annual Household Income

$100,000

Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more

3x

Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)

2x

Scene+ point for every $1 spent on all other eligible everyday purchases

1x

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$150

Foreign Transaction Fee

0%

TD U.S. Dollar Visa* Card vs. Scotiabank Passport Infinite® Visa

No, the Scotiabank Passport Infinite® Visa is not a U.S. Dollar credit card, but it charges no foreign exchange fees. It also happens to be a great travel credit card with a strong welcome bonus, strong earning rates on Scene+ points, and airport lounge access. However, its annual fee of $150 may dissuade you. 

Brim Financial Mastercard®

3.0

Good

Suggested credit score

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Pros

  • No annual fee

  • Access Boingo wifi for free and stay always connected

  • Enjoy basic insurance coverage

  • Take advantage of flexible payment plans

  • Lower foreign exchange fee of only 1.5%

Cons

  • Low earn rates when compared to other no-fee cards

  • Poor customer service for card holders

Eligibility

Recommended Credit Score

Good

Pros

  • No annual fee

  • Access Boingo wifi for free and stay always connected

  • Enjoy basic insurance coverage

  • Take advantage of flexible payment plans

  • Lower foreign exchange fee of only 1.5%

Cons

  • Low earn rates when compared to other no-fee cards

  • Poor customer service for card holders

Eligibility

Recommended Credit Score

Good

per $2 spent

1 point

Variable APR

19.99% - 24.99%

Balance Transfer Rate

19.99%

Cash Advance APR

21.5% - 24.99%

Annual Fee

$0

Foreign Transaction Fee

1.5%

TD U.S. Dollar Visa* Card vs. Brim Mastercard

If you’re looking for a credit card that charges no foreign transaction fees and no annual fee, check out the Brim Mastercard. You also earn 1 point per $1 spent and load you up with some insurance for those purchases including extended warranty, purchase protection, mobile device, event ticket cancellation and even travel accident insurance. TD’s insurance is better and you can get that annual fee waived by banking with TD, but if you want cash back rewards, consider the Brim Mastercard. 

Is it worth it?

Is the TD U.S. Dollar Visa* worth it?

The TD U.S. Dollar Visa* Card is a solid choice for Canadians frequently transacting in U.S. dollars, whether you’re travelling or shopping online. Even with its annual fee, it offers significant value, especially with its insurance benefits. 

But if cashback rewards are what you seek, explore other options. Overall, for its niche audience, this card comes highly recommended.

Eligibility requirements

TD U.S. Dollar Visa eligibility requirements

In order to be eligible for the TD U.S. Dollar Visa* Card you have to be a Canadian resident and at least the age of majority in your province or territory. There’s no minimum income requirement, but your credit score should be good to excellent.

FAQs

FAQs about the TD U.S. Dollar Visa credit card

  • Can you get the TD U.S. Dollar Visa* card annual fee waived?

    +

    Yes, if you apply for TD’s Borderless bank account plan, but know that that bank account charges $4.95/per month, or $59.40 for the year vs. the card’s annual fee of $39. USD. If you keep $3,000 USD in the Borderless plan, the monthly fee is waived.

  • How do I pay TD U.S. Dollar Visa* online?

    +

    Login to your TD account, select bills, select your U.S. Dollar Visa* card and make the payment either in Canadian or American dollars.

  • What car rental insurance is included with the TD U.S. Dollar Visa*?

    +

    Pay for the rental car with your card and you can waive the insurance fees for any car up to $65,000 for up to 48 consecutive days.

Tyler Wade Content strategist & writer

Tyler Wade has worked in personal finance for over 5 years writing for brands like Ratehub, Forbes, KOHO, and now Money.ca.

Compare other Visa credit cards

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