"How much are 100,000 TD Rewards points worth?"

"100,000 TD Rewards points are worth $500 CAD when redeemed through Expedia for TD (200 points = $1). Via Book Any Way, they are worth $400. As a statement credit, they are worth only $250. Always redeem through Expedia for TD when possible."

"How much are 200,000 TD Rewards points worth?"

"200,000 TD Rewards points are worth $1,000 CAD through Expedia for TD. That represents roughly one return flight across Canada in economy, depending on fares at time of redemption."

"Are TD Rewards points worth more than Aeroplan points?"

"No. Aeroplan points are worth approximately 1.5–5.0 cents each when redeemed for flights on Air Canada and Star Alliance partners — significantly more than TD Rewards' fixed 0.5 cents per point. If maximising travel value is the goal, the TD Aeroplan Visa Infinite (which earns Aeroplan directly) typically delivers more value than the TD First Class Travel for frequent travellers."

"What is the minimum TD Rewards redemption?"

"TD Rewards has a minimum redemption threshold. Check the current minimum at td.com, as this can change. Generally, you must redeem in blocks with a minimum dollar value applied."

TD Rewards Points Value 2026: How Much Are Your Points Worth in Canada?

TD Rewards points have a fixed redemption ceiling — unlike Aeroplan or Avion, there is no way to unlock premium value through airline partner transfers. Understanding each redemption tier helps you avoid leaving value on the table.

TD Rewards Point Value by Redemption Method

Redemption Method	Rate	Value per Point	Notes
Expedia for TD	200 pts = $1	0.50¢	Best available rate
Book Any Way	250 pts = $1	0.40¢	Use within 90 days of purchase
Statement credit	400 pts = $1	0.25¢	Avoid unless no travel planned
Merchandise / gift cards	Varies	~0.20–0.30¢	Lowest value — never recommended

Point Value Table (Expedia for TD)

Points	Value
10,000	$50
25,000	$125
50,000	$250
100,000	$500
200,000	$1,000
400,000	$2,000

Annual Earn Estimate: TD First Class Travel Visa Infinite

Household spending $2,500/month across typical categories:

Category	Monthly Spend	Earn Rate	Points/Month
Groceries	$1,200	6x	7,200
Dining	$400	6x	2,400
Recurring bills	$300	4x	1,200
Everything else	$600	2x	1,200
Total	$2,500		12,000/month

Annual: ~144,000 TD Rewards = $720 at Expedia for TD
Minus $139 annual fee = ~$581 net annual value

How TD Rewards Compares to Scene+

The same $2,500/month spend with the Scotiabank Gold Amex (5x Scene+ on dining and 6x at Sobeys-banner grocery):

	TD First Class Travel + TD Rewards	Scotia Gold Amex + Scene+
Grocery earn on $1,200	7,200 TD pts = $36	7,200 Scene+ = $72 (6x at Sobeys)
Dining earn on $400	2,400 TD pts = $12	2,000 Scene+ = $20 (5x)
Recurring bills on $300	1,200 TD pts = $6	300 Scene+ = $3 (1x)
Other on $600	1,200 TD pts = $6	600 Scene+ = $6 (1x)
Monthly total		$60
Annual fee	$139	$120
Net annual value	~$581	~$1,092

Scene+ delivers roughly 88% more net value on this profile. TD First Class Travel wins mainly for cardholders who book directly through Expedia for TD (8x earn = 4¢/dollar — strong) or strongly prefer the Visa network.

When TD Rewards Delivers Best Value

Expedia for TD bookings: The 8x earn on Expedia for TD means $1 spent on flights or hotels through the portal earns 4¢ back — competitive with most cards.
Existing TD banking relationship: If you bank with TD and value a single-bank ecosystem, the TD First Class Travel is a reasonable choice even with the lower point value.
Visa acceptance: Visa is accepted everywhere in Canada — unlike Amex, which some smaller merchants don’t accept.

Redemption rates and point values are subject to change. Verify at td.com. See our Advertiser Disclosure.