TD First Class℠ Visa Signature® Credit Card Review [2024]: Easy Rewards for Travel

CREDIT CARDS - TRAVEL CREDIT CARDS
The TD First Class℠ Visa Signature® Credit Card earns bonus miles for travel and dining purchases, but is that enough to make it worth having?
Updated April 9, 2024
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The TD First Class℠ Visa Signature® Credit Card comes with high rewards earning potential for travel and dining purchases, along with a number of travel perks. These credit card benefits make it a good travel rewards credit card for frequent travelers.

But with all its earning potential, the TD First Class℠ Visa Signature® Credit Card might not be perfect for everyone, as there are limits on how you can redeem your TD miles. Savvy travelers may find that other travel rewards cards provide a better overall rewards program.

Keep reading this TD First Class℠ Visa Signature® Credit Card review to get a closer look at this card and whether it's worth adding to your wallet.

For People Who Travel and Eat Out Frequently

TD First Class℠ Visa Signature® Credit Card
3.8

TD First Class℠ Visa Signature® Credit Card

Current Offer

Earn 25,000 bonus miles for spending $3,000 within the first 6 billing cycles

Annual Fee

$89 (waived first year)

Rewards Rate

Earn 3X First Class Miles on travel and dining purchases, and 1X on all other purchases

Benefits and Drawbacks
Card Details

In this article

Key takeaways

  • The TD First Class℠ Visa Signature® Credit Card offers attractive rewards for travelers and diners. As a cardholder, you can earn 3X miles on travel and dining purchases, making it a great choice for those who frequently travel or eat out.
  • New cardholders can earn 25,000 bonus miles for spending $3,000 within the first 6 billing cycles
  • The TD First Class℠ Visa Signature® Credit Card offers 0% for 12 billing cycles on balance transfers, then 18.49% (variable), which can be useful for those looking to pay off credit card debt while saving money on interest charges.
  • The TD First Class℠ Visa Signature® Credit Card charges $0 foreign transaction fees but comes with an annual fee of $89 (waived first year).
  • To apply, you need to be a resident of Connecticut, the District of Columbia, Delaware, Florida, Maine, Maryland, Massachusetts, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Virginia, and Vermont.
  • There are some limitations on how rewards can be redeemed. Cardholders need to call the TD Rewards Center for statement credits for travel or dining purchases. Additionally, only redemptions of 25,000 miles or more will receive 100% of the value for travel or dining purchases, while smaller redemptions receive only 50% of the value.

Who should get the TD First Class℠ Visa Signature® Credit Card?

The TD First Class℠ Visa Signature® Credit Card is best for frequent travelers and those who regularly dine out. If this sounds like you, you would find that this travel rewards credit card could help you earn valuable rewards that fit your lifestyle.

The TD First Class℠ Visa Signature® Credit Card also has an intro APR of 0% for 12 billing cycles on balance transfers (then 18.49% (variable)). If you want to use a balance transfer to pay off credit card debt, then you could transfer it to this card and have a good amount of time to pay that debt down without paying any interest.

The TD First Class℠ Visa Signature® Credit Card isn’t the best choice if you rarely travel or don’t go out much. Keep in mind that it comes with an annual fee of $89 (waived first year). If you don’t think you’ll make enough use of it to justify the annual fee, you might prefer one of the best travel credit cards with no annual fee.

Card basics

Card type Travel
Card issuer TD Bank
Annual fee $89 (waived first year)
Welcome bonus Earn 25,000 bonus miles for spending $3,000 within the first 6 billing cycles
Reward rate Earn 3X First Class Miles on travel and dining purchases, and 1X on all other purchases
Recommended credit score Excellent
Intro APR 0% for 12 billing cycles on balance transfers, then 18.49% (variable)
Foreign transaction fee $0

Why we like the TD First Class℠ Visa Signature® Credit Card: benefits and perks

  • Easy welcome offer: Cardmembers earn Earn 25,000 bonus miles for spending $3,000 within the first 6 billing cycles.
  • Intro APR: Use a balance transfer to refinance your existing credit card debt and enjoy 12 billing cycles of introductory 0% APR on balance transfers (then 18.49% (variable) APR). A balance transfer fee of $5 or 3%, whichever is greater will apply.
  • No foreign transaction fees: Make purchases anywhere in the world without worrying about extra fees as the TD First Class℠ Visa Signature® Credit Card charges $0 foreign transaction fees.
  • Rental car coverage: When you rent a car using your TD First Class℠ Visa Signature® Credit Card, you’re protected with auto rental coverage so you can choose to opt out of the insurance that the rental company offers.

What we don't like about the TD First Class℠ Visa Signature® Credit Card: drawbacks

  • Annual fee: The TD First Class℠ Visa Signature® Credit Card has an annual fee of $89 (waived first year). If you don’t dine out or travel a lot of, having to pay the annual fee could cancel out most of your rewards earnings.
  • Statement credit redemptions: You have to call the TD Rewards Center if you want statement credits for travel or dining purchases made on the card. Also, only redemptions of 25,000 miles or more will receive 100% of the value for travel or dining purchases. Redemptions under the 25,000 minimum will receive only 50% value. So if you had 20,000 miles, you would receive a $100 statement credit.
  • No travel partners: TD miles don’t transfer to other rewards programs, such as airline or hotel loyalty programs. This makes the TD rewards program less flexible and potentially less valuable than programs like Chase Ultimate Rewards or American Express Membership Rewards.
  • Not available nationwide: You need to have a legal address within the TD Bank footprint to apply for a TD Bank credit card. The TD Bank footprint includes Connecticut, the District of Columbia, Delaware, Florida, Maine, Maryland, Massachusetts, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Virginia, and Vermont.

Earning & redeeming TD Rewards

Potential earnings in years one and two

Here's a look at how your points can add up with the TD First Class℠ Visa Signature® Credit Card. To calculate these values, we used a point valuation of $0.01 (or 1 cent per point). This is the standard redemption value stated by TD Bank for cash back, travel, or gift cards.

Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $885

Year two earnings: $546

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model, which takes a look at points earned via spending and the sign-up bonus while also accounting for the annual fee.

Best ways to earn

Your best bet for building up TD miles is through travel and dining purchases, which both earn you 3X miles per dollar spent. You earn only 1X miles per dollar on all other purchases. According to TD Bank, travel spending includes airline tickets, hotel accommodations, car rentals, tolls, travel agencies, and cruises.

You’ll also want to take advantage of this card’s promotional welcome offer. You can earn Earn 25,000 bonus miles for spending $3,000 within the first 6 billing cycles after account opening.

Categories Rewards rate
Travel and dining purchases 3X
All other purchases 1X

Maximizing your redemptions

The ways you can redeem the rewards you earn with the TD First Class℠ Visa Signature® Credit Card include statement credits, gift cards, and merchandise. TD miles are worth 1 cent each when redeemed for statement credits and gift cards but may have a lower value when redeemed for merchandise.

If you would like to redeem your rewards for travel or dining purchases, just use your card for those expenses, then call the TD Rewards Center at 1-877-468-3178 within 180 days of the charge. A representative will verify the charges and issue you a statement credit on your next monthly billing statement. Unfortunately, there are no online or automatic options for redeeming your rewards.

Another downside with TD miles is that you may not always receive full value if you need to cash out your rewards. Only redemptions of 25,000 miles or more receive full value. If you, for example, tried to redeem 10,000 miles, you would only receive a $50 statement credit, 50% of the value.

TD First Class℠ Visa Signature® Credit Card FAQ

How do I check my TD First Class℠ Visa Signature® Credit Card points?

Your monthly credit card billing statement will contain a recap of your TD miles. There is no online rewards portal for the TD First Class℠ Visa Signature® Credit Card.

How much are my TD Rewards worth?

TD miles are worth 1 cent each when redeemed for statement credits or gift cards. Miles may be worth less when redeemed for merchandise.

Can you redeem TD Rewards points for cash?

No, TD miles can’t be redeemed for cash, such as a deposit to your bank account or as a check you receive by mail. TD miles can only be redeemed for statement credits, gift cards, and merchandise.

How often does TD Bank increase your credit limit?

TD Bank may increase your credit limit from time to time at their discretion. You can also request a credit limit increase by calling TD Bank customer service at (877) 468-3178 or you can submit a request by mail to P.O. Box 84037, Columbus, Georgia, 31908-4037. In general, your credit limit and any potential increases are determined based on your creditworthiness and varies from individual to individual.

How fast can I get a TD credit card?

Customers can apply for a TD credit card online. Once approved, your TD credit card should arrive within seven to 10 business days.

Other cards to consider

If you’re looking for a more versatile travel rewards credit card, the Capital One Venture Rewards Credit Card is a great card to consider. You can earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening. These miles can be transferred to 15 different Capital One transfer partners, including airlines and hotels. Frequent travelers will also like that this card has no foreign transaction fees, and you can get up to a $100 statement credit toward Global Entry or TSA PreCheck.

One of the most popular travel rewards credit cards available is the Chase Sapphire Preferred® Card. It helps you earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 60,000 points are worth $750 in travel when redeemed through the Chase travel portal. You can also transfer those rewards to 11 different Chase Travel℠ transfer partners.

For People Who Travel and Eat Out Frequently

TD First Class℠ Visa Signature® Credit Card
3.8

TD First Class℠ Visa Signature® Credit Card

Why We Like It

Earn 25,000 bonus miles for spending $3,000 within the first 6 billing cycles

See how these cards compare:

Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
  • Earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening
  • 2 miles per dollar on every purchase, every day
  • Up to $100 Global Entry or TSA PreCheck® credit
  • No foreign transaction fees
  • 19.99% - 29.99% (variable) purchase APR
  • Rates and fees
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
  • 5X points on travel purchased through Chase Travel℠
  • 25% more value when redeeming rewards for travel through Chase Travel℠
  • 10% anniversary point bonus each year
  • $50 annual credit on hotel stays booked through Chase Travel℠
  • Premium travel protection benefits

TD First Class℠ Visa Signature® Credit Card: bottom line

The TD First Class℠ Visa Signature® Credit Card can be a good fit for frequent travelers and diners who can maximize its rewards. With attractive benefits like a generous welcome offer, introductory APR on balance transfers, and $0 foreign transaction fees, it can provide substantial value.

However, the $89 (waived first year) annual fee and restrictions on reward redemptions may not be ideal for everyone. If your spending habits or travel needs don’t align with this credit card, you can explore more options in our list of the best travel credit cards.

Author Details

Kevin Payne Kevin Payne is a freelance writer specializing in student loans, credit cards, personal finance, and travel. He is a regular contributor to Club Thrifty, Millennial Money, and Student Loan Planner. As the budget and family travel expert behind FamilyMoneyAdventure.com, Kevin recently turned his writing side hustle into his full-time career. He lives in Cleveland, Ohio, with his wife and four kids.
Yahia Barakah, CEPF Yahia Barakah, CEPF, is a Senior Editor at FinanceBuzz and has created finance-focused content since 2011. As a Certified Educator of Personal Finance, he has a background in institutional investment and asset management, as well as a deep passion for financial literacy.

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