Major updates Canadian TD credit card holders should know about
Some TD credit card holders in Canada just got an update on how they can redeem their rewards points or Cash Back Dollars.
After surveying 1,527 Canadians, TD Bank found that four in five Canadians (78 per cent) want more flexible redemption options for TD Rewards Points and Cash Back Dollars.
The bank is responding with a new way for eligible TD Rewards and Cash Back credit cardholders to use their rewards, allowing them to redeem points or Cash Back Dollars toward anything they buy on their TD credit card.
This includes everyday purchases like groceries and gas, as well as travel expenses like flights and hotels. The financial institution says this new redemption option makes using your points more versatile and valuable.
“This new way to pay off purchases makes that possible,” said Anne-Lynne Davidson, vice president of Loyalty Canadian Personal Bank, TD.
“It puts the power directly in customers’ hands, so they can redeem their TD Rewards Points or Cash Back Dollars for what matters most to them, from everyday essentials to dream getaways.”
How the new redemption option works
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Eligible TD credit card holders will be able to redeem points or Cash Back Dollars in just three clicks for part of a purchase or to pay it off entirely.
Canadians can use TD Rewards Points to pay off purchases at a rate of $1 for every 225 points on travel and $1 for every 400 points on everyday purchases.
Customers can also redeem Cash Back Dollars starting at just $1. You can find more details about the new loyalty features in the Rewards section of the TD app and EasyWeb. There, you can manage, track, and redeem your points and Cash Back Dollars.
Which TD credit cards are eligible?
TD Travel or Rewards TD credit cards:
- TD First Class Travel Visa Infinite Card
- TD Business Travel Visa Card
- TD Platinum Travel Visa Card
- TD Rewards Visa Card
TD Cash Back credit cards:
- TD Cash Back Visa Infinite Card
- TD Cash Back Visa Card
- TD Business Cash Back Visa
You can learn more about the new redemption option on TD’s site.