TD Rewards Points Guide: Making the Most of a Limited Program

What Are TD Rewards Points Worth?

TD Rewards is one of Canada's weaker points programs, with a baseline value of roughly 0.4–0.5 cpp. There are no transfer partners and no way to unlock outsized value through airline awards. The best you can do is book travel through the Expedia for TD portal.

Redemption Method	Estimated Value
Expedia for TD (flights, off-peak)	0.55 cpp
Expedia for TD (hotels)	0.45 cpp
Gift cards	0.45 cpp
Statement credit	0.4 cpp
Merchandise	0.25 cpp

Best Redemption Strategy

Expedia for TD Portal — Your Only Good Option

The Expedia for TD portal is the highest-value redemption available. It works like a standard travel booking site: search flights, hotels, or car rentals and pay with points. Flights at off-peak times deliver approximately 0.55 cpp — not spectacular, but the best the program offers.

Tips for the portal:

• Book flights over hotels — flights consistently deliver 0.55 cpp vs 0.45 cpp for hotels
• Search flexible dates to find the best point-to-dollar ratios
• Taxes and fees are included in the portal price

Gift Cards — A Comparable Alternative

Some gift cards offer ~0.45 cpp, roughly matching the hotel portal value. If you do not have travel plans, gift cards are a reasonable alternative that avoids the portal entirely.

Statement Credits — The Floor

At 0.4 cpp, statement credits are the guaranteed minimum. Only use this if you need immediate value and cannot wait for a travel booking.

Portal Tradeoffs

Unlike programs like Aeroplan or Amex MR, TD Rewards has no transfer partners. The Expedia for TD portal is your only path to above-floor value:

Option	CPP	Notes
Expedia portal (flights)	0.55	Best available
Expedia portal (hotels)	0.45	Decent
Gift cards	0.45	No travel needed
Statement credit	0.40	Last resort
Merchandise	0.25	Avoid

Bottom line: If you are accumulating TD Rewards points, use them for flights through the Expedia portal. If you find yourself consistently dissatisfied with the value, consider whether a different TD card (like the TD Aeroplan series) would better match your spending.

How to Earn TD Rewards Points

Card	Best Category	Earn Rate
TD Rewards Visa	Everything	1x base
TD First Class Travel Visa Infinite	Travel, dining	3x travel/dining, 1x everything
TD Platinum Travel Visa	Everything	2x on select categories

Tips for Maximum Value

1. Always use the Expedia portal for travel — it is the only way to get above 0.45 cpp
2. Book flights over hotels — flights deliver about 20% more per point
3. Avoid merchandise — at 0.25 cpp, you lose more than half your points' value
4. Consider switching cards — if you fly frequently, a TD Aeroplan card may deliver better overall value than TD Rewards
5. Redeem regularly — there is no strategic advantage to hoarding TD Rewards points

Common Issues & Troubleshooting

Points not appearing after a purchase? TD Rewards points typically post after the transaction appears on your statement. Allow 1-2 billing cycles.

Expedia portal prices seem high? Portal prices are set by Expedia and may differ from booking directly. Compare with the airline or hotel website — if the portal price is significantly inflated, consider gift cards or statement credits instead.

Can I transfer TD Rewards to Aeroplan? No. TD Rewards and TD Aeroplan are separate programs. TD Rewards points cannot be transferred to Aeroplan. If you want Aeroplan miles from TD, you need a TD Aeroplan credit card.

Do TD Rewards points expire? Points expire if your TD Rewards card is closed or if there is no activity on the account for an extended period. Check your TD rewards terms for current expiry rules.

Can I combine points from multiple TD cards? Yes, if you hold multiple TD Rewards cards, points can be pooled into a single TD Rewards account.