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Calculator: What's The Value of TD Rewards Points?

Travel Rewards Calculators
Maximize the value of your TD Rewards Points with our TD Points Calculator and learn about the best redemption options available to you.
Last Updated: 02-26-2024

TD Rewards points can be redeemed for travel, education credit, gift cards, cash credit, merchandise, and at checkout with Amazon.ca. You will get the best value when redeeming points for travel through ExpediaForTD.

TD Rewards points value

How much are TD Rewards points worth on average? The answer: 0.5 cents each when redeemed for travel purchases on ExpediaForTD.com. This means that 50,000 points would be equal to $250 towards travel.

Points can also be redeemed for lower value for statement credits, education credits, gift cards, cash and merchandise.

Here's The Point Calculator's valuations for TD Rewards points:

Redemption option Redemption value in cents
ExpediaForTD 0.5
Book Any Way Travel 0.4
Education credit 0.4
Amazon.ca Shop with Points 0.33
Gift cards 0.25
Cash credit 0.25
Merchandise 0.22

How to calculate the value of TD Rewards points

You can easily calculate the value of your TD Rewards points by dividing the cash cost of a redemption by the number of points required. Here's the equation:

TD Rewards Points Value = Cash Cost of Redemption ÷ Points Required.

If you need to calculate the value of a redemption, use our TD Rewards Points Redemption Value Calculator.

Redeeming TD Rewards points for the best value

You will get the best value out of your points when redeeming them for travel through ExpediaForTD. You can also squeeze solid value out of redeeming them for 'Book Any Way' travel and education credits. All other redemptions will give your points lower value.

Expedia For TD

Booking travel through Expedia For TD will give your TD Rewards points the best value of 0.5 cents per point. Every 200 points that you redeem will be worth $1 in travel value.

When using Expedia For TD, you will be able to book flights, hotels, car rentals, vacation packages, and cruises. Pretty much everything that you can find and book through Expedia.ca is available in the TD portal.

The only real difference between the two is that you can redeem TD rewards points and earn bonus points when using TD credit cards on the TD version of the portal.

Why book through Expedia For TD? Here's a few of the benefits:

  • Great value: One of the best benefits of Expedia for TD is that no matter what you redeem your TD Rewards points for, you'll get the same great value of 0.5 cents each. You're not stuck with only one redemption option like many other rewards programs.
  • Price match: Expedia For TD does price matching for hotels and flight + hotel packages. If you meet all the requirements of their checklist, you'll be able to get the price difference refunded.
  • Earn airline miles: When you redeem TD Rewards points for flights through Expedia for TD, you'll still earn airline miles on your bookings. So you book flights with airlines like Air Canada and WestJet and still earn Aeroplan points and WestJet Dollars which is fantastic.
  • Bonus points: This doesn't have anything to do with redeeming points, but when you're booking travel through Expedia for TD using TD Rewards credit cards, you'll be able to earn anywhere from 3X to 9X points per $1 spent. That's a 1.5% to 4.5% return on your spend!

Book Any Way Travel

Book Any Way allows you to redeem points towards travel purchases made to a TD Rewards credit card that is outside of the Expedia for TD portal. This opens up the ability to book your trip through any travel agency or website.

Every 250 points you redeem is worth $1 in value for the first $1,200 of Book Any Way travel. Any dollar amount that is over $1,200 will only cost you 200 points for $1 in value.

This means your TD Rewards points are worth 0.4 cents per point each up to $1,200 and 0.5 cents each for every $1 spent over $1,200. So basically, you'll get 0.4 cents on average with the ability to get slightly higher value if your booking is over $1,200.

When using Booking Any Way, you'll be able to redeem your TD Rewards Points to wipe away the following types of travel purchases made to a TD Rewards credit card:

  • Air travel, airline taxes, baggage fees, cargo or pet travel fees
  • Airport parking, limos, shuttles
  • Car rental, scooter rental
  • Cruises
  • Train tickets, bus fares, subways or similar local commuter transportations
  • Vacation ferries
  • Hotel stays, room service
  • Bed & breakfasts, cottage/villa/chalet rentals
  • Vacation condominium rentals
  • Campsites
  • Motor home rentals & campsites, RV parking & campsites
  • Resort and spa vacations
  • Outfitter-tailored trips
  • Houseboat rentals
  • Theme park tickets
  • Boat, jet ski, or other watercraft rentals
  • Local tours/excursions
  • Ski rentals, lift tickets
  • Restaurant bill*
  • Theatre tickets*
  • Gasoline*
  • Travel medical insurance

Do note that restaurant bill, theatre tickets, and gasoline purchases must be connected to travel. TD will review the request to see if it qualifies. Purchases for these during non-travel situations will not be approved.

Education Credit

You can redeem your TD Rewards Points towards an eduction credit from HigherEdPoints.com. You'll be able to redeem $250 in eduction credit with them for 62,500 points which gives your points a value of 0.4 cents each.

Redemptions must be in 62,500 ($250) increments.

Amazon Shop with Points

TD Points can be redeemed on Amazon.ca to pay for eligible purchases instantly at checkout. Every 303 TD Rewards points will give you $1 off at Amazon.com.

If you pay with any of the four available TD Rewards credit cards, Amazon will see that you're using an eligible card and will let you know that your card is eligible for Shop with Points.

You can apply any amount of points at checkout from 3 points up to the amount of points you have available that will cover the cost of your eligible purchases.

Gift Cards

You can use your TD Rewards Points for gift cards through the TD Rewards portal. Gift cards will give your points a value of 0.25 cents each with your redemption options being 10,000 TD Points for a $25 gift card or 20,000 TD Points for a $50 gift card.

There's over 60 gift card options to choose from covering multiple categories.

Cash Credit

TD Rewards Points can be redeemed as a cash credit to pay down your TD credit card account at a value of 0.25 cents per point. This means that every 400 points you redeem will shave a $1 off your TD credit card account balance.

You must redeem at least 10,000 points ($25) if you want to use your points as a cash credit. Do note that like most credit card companies, cash credits do not count towards the monthly minimum payment requirement.

TD Rewards Merchandise

TD Rewards Points can be redeemed for merchandise through the TD Rewards portal. There's a large amount of things to choose from ranging from electronics and appliances to outdoors and beauty.

The value you get from using the rewards portal will heavily vary but it will generally be low value. When checking prices against the average retail value, the redemption values hovered around 0.22 cents per point.

You can jump to tdrewards.com/merchandise/categories to see the full list of items. You can use the Points & Miles Value Calculator to calculate the average cost of items if you know the cost in cash and the cost in TD Rewards Points.

Convert to Starbucks Stars

TD Rewards points can be converted into Starbucks Stars at a rate of 14 TD Rewards points for 1 Star. You must convert a minimum of 700 TD Rewards points which would give you 50 Stars.

Calculator: Convert TD Rewards points to dollars

Use the TD Rewards Points Value Calculator to determine the dollar value of points when used for travel, gift cards, cash back, and more. This will give you an idea of how much your points are worth on average.

TD Rewards Points Value Calculator

Enter any amount of TD Rewards points to calculate the dollar value.
Points
Redemption Average Dollar Value
ExpediaForTD $0
Book Any Way Travel $0
Education credit $0
Amazon.ca Shop with Points $0
Gift cards $0
Cash credit $0
Merchandise $0
Convert To Starbucks Stars 0 Stars

Average Value for ExpediaForTD redemptions

The table below lists the average cash values for TD Rewards points when used on the Expedia For TD portal.

TD Rewards points Dollar value
10,000 Points $50
25,000 Points $125
50,000 Points $250
60,000 Points $300
75,000 Points $375
100,000 Points $500
125,000 Points $625
150,000 Points $750

TD Rewards points redemption value calculator

Use the TD Rewards Points Redemption Value Calculator to determine if a redemption is worth it based on the cost in cash and the cost in points.

Cost of Redemption In Cash
Enter how much the redemption would cost you if you paid cash.
$
Cost of Redemption In Points
Enter how much the redemption would cost you in TD Rewards points along with any taxes, fees, or additional cash cost you would have to pay.
TD Points
Points
Taxes/Fees
$
Redemption Value
This is how much your TD Rewards points are worth based on the values entered above.
- Cents Per Points
-

Credit cards that earn TD Rewards points

TD Rewards points can be earned through intro bonuses and everyday spending across TD Rewards credit cards. Use the TD Rewards credit card point calculators to find out how many points you can earn and compare the results side by side up to two credit cards from any issuer.

Credit Card Benefits
Best For Expedia
  • Earn 8X TD Rewards points booking travel through ExpediaForTD.com
  • Earn 6X TD Rewards points on groceries and at restaurants
  • Earn 4X TD Rewards points on regularly recurring bill payments set up on your account
  • Earn 2X TD Rewards points everywhere else
  • Annual $100 TD Travel Credit on a $500+ Expedia For TD booking
  • A birthday bonus of up to 10,000 points annually
  • Avis and Budget discounts
  • Travel and shopping coverage
  • $139 annual fee
  • Earn 6X TD Rewards points booking travel through ExpediaForTD.com
  • Earn 4.5X TD Rewards points on groceries and at restaurants
  • Earn 3X TD Rewards points on regularly recurring bill payments set up on your account
  • Earn 1.5X TD Rewards points everywhere else
  • Avis and Budget discounts
  • Travel and shopping coverage
  • $89 annual fee
  • Earn 4X TD Rewards points booking travel through ExpediaForTD.com
  • Earn 3X TD Rewards points on groceries and at restaurants
  • Earn 2X TD Rewards pointss on regularly recurring bill payments set up on your account
  • Earn 1X TD Rewards points everywhere else
  • Avis and Budget discounts
  • Shopping coverage
  • $0 annual fee
  • Earn up to 9X TD Rewards points booking travel online through ExpediaForTD.com and 6X points when booking ExpediaForTD over the phone
  • Earn 6X TD Rewards points on restaurant purchases, recurring bill payments, and foreign currency purchases
  • Earn 2X TD Rewards points everywhere else
  • Save up to 25% on business purchases through Visa SavingsEdge
  • Avis and Budget discounts
  • Travel and shopping coverage
  • $149 annual fee

FAQ

How much are TD Rewards points worth?

TD Rewards points are worth 0.5 cents each on average meaning that 10,000 points is equal to $50 in value.

How much is 10,000 TD Rewards points worth?

At a value of 1 cent each, 10,000 TD Rewards points are worth $50 towards travel.

How much is 50,000 TD Rewards points worth?

At a value of 1 cent each, 50,000 TD Rewards points are worth $250 towards travel.

How much is 100,000 TD Rewards points worth?

At a value of 1 cent each, 100,000 TD Rewards points are worth $500 towards travel.

How much is 300,000 TD Rewards points worth?

At a value of 1 cent each, 300,000 TD Rewards points are worth $1,500 towards travel.

How many TD Rewards points do you earn per dollar?

This depends on which TD Rewards credit card you own. The TD First Class Visa and TD Business Travel Visa earns up to 9 points per $1, the TD Platinum Travel Visa earns up to 5 points per $1, and the TD Rewards Visa earns up to 3 points per $1.

What can you use TD Rewards Point for?

TD Points can be redeemed for travel, gift cards, merchandise, cash credits, and educational credits.