Program Guides
How to Redeem TD Rewards Points: Every Option, Ranked
TD Rewards is the simplest big-bank program to redeem well, because there is exactly one good answer: travel booked through Expedia for TD, at a fixed 200 points per dollar. That is the 0.5¢-per-point ceiling on our July 2026 index — no chart, no transfer partners, no upside. Every other option pays the same or less. To value your specific balance, use the calculator in our TD Rewards points value guide.
The ranking
| # | Redemption | Value per point |
|---|---|---|
| 1 | Travel via Expedia for TD (200 points = $1) | 0.5¢ |
| 2 | Book Any Way travel credit (250 points = $1) | 0.4¢ |
| 3 | Amazon.ca, gift cards, and cash-style redemptions | Below the travel rate |
1. Expedia for TD: the only full-value redemption
Log in through Expedia for TD (not regular Expedia), book flights, hotels, or packages, and apply points at checkout at 200 per dollar. That’s it — the rate never moves, availability is whatever Expedia sells, and there are no blackout dates because you’re effectively paying cash. Partial redemptions are allowed, so you don’t need to cover the whole booking.
The discipline this program demands isn’t redemption skill — it’s honest conversion. Divide every TD Rewards number by 200 before you get excited. The TD First Class Travel Visa Infinite’s headline offer of up to 146,000 points sounds enormous; through Expedia for TD it converts to $730 of travel. Real money — but the same order of magnitude as mid-tier offers from programs with far smaller point counts.
2. Book Any Way: convenience taxed at 20%
Book travel anywhere — an airline directly, a hotel’s own site — and redeem points against the charge afterward. The catch: the rate drops to 250 points per dollar, or 0.4¢. That 146,000-point bonus now covers $584 instead of $730, a $146 haircut for skipping the portal. Use Book Any Way only when Expedia for TD genuinely can’t sell what you need (some airlines and boutique properties aren’t listed).
3. Everything else: don’t
Amazon.ca checkout, gift cards, merchandise, and education credits all convert below the travel rate, item by item. A currency already fixed at half a cent has no slack to give away. If you hold TD Rewards points, you are a travel redeemer — the program offers no other sensible identity.
A worked example
Say you put $1,000/month on groceries and restaurants with the First Class Travel card at 6x. That’s 72,000 points a year — $360 via Expedia for TD, a 3% return. Book a $2,000 family trip through the portal at 8x and the 16,000 points earned are worth another $80, a 4% return. The multipliers are genuinely strong; the half-cent point is what keeps them merely good.
Before you redeem
- Always enter through Expedia for TD. The same hotel booked on regular Expedia can’t be paid with points.
- Compare the portal price to the open market. You’re paying with 0.5¢ points, so a padded portal price silently cuts your real rate.
- Don’t hoard. With no transfer partners and no chart, there is nothing to wait for. Points banked are just dollars deferred.
If the ceiling bothers you
It should — 0.5¢ is the lowest point denomination among the big banks. TD’s own lineup contains the fix: the TD Aeroplan Visa Infinite earns Aeroplan points, a currency our index values at roughly four times more per point (Aeroplan guide here). If you fly and redeem for flights, that side of TD’s shelf is usually the stronger play. If you just want simple, large, first-year value and you book travel anyway, TD Rewards does what it says — as long as you do the division.
Valuations are editorial estimates; see The Points Standard Index for methodology and the always-current number in our TD Rewards value guide.