TD Bank credit card holders who enjoy travel rewards and other perks may be in for a rude awakening in 2026. The major Canadian financial institution has announced forthcoming structural changes to its popular TD Rewards program, impacting how customers earn and redeem points. While the full shift won’t occur until 2026, the announcement has left many users scrambling to understand what’s changing, how it affects them, and what they can do now to protect their benefits.
This change affects not only rewards avid travelers but also loyal TD credit card users who rely on these perks for cashback, merchandise, and, most valuably, travel redemptions. With a two-year notice period, TD is encouraging anyone using TD First Class Travel Visa Infinite or similar rewards cards to get familiar with the new structure to avoid losing unused points or missing reduced redemption rates in the future.
Whether you’re a frequent flyer, occasional traveler, or someone who collects points for gift cards or statement credits, now is the time to review your rewards strategy. Here’s what you need to know about TD’s upcoming changes, how they might affect your wallet, and proactive steps you can take today.
TD Rewards program changes at a glance
| Feature | Current Structure | What’s Changing |
|---|---|---|
| Redemption Partner | Expedia For TD | Expedia partnership ends in 2025 |
| Travel Booking | Can redeem directly via Expedia For TD | Will transition to TD’s in-house travel portal |
| Points Value | Highest for travel bookings via partnered site | May vary; subject to new platform rules |
| Travel Cards Affected | TD First Class Travel Visa Infinite, TD Platinum Travel Visa | All travel reward credit cards affected |
| Timeline | 2024–2025: Transition Begins | 2026: Full Launch of New Program |
Breakdown of what’s changing in the TD Rewards program
The most significant shift is the termination of TD’s exclusive partnership with Expedia, which has been the primary booking platform for travel rewards redemption. Currently, cardholders can book flights, hotels, and car rentals via the Expedia For TD portal and receive optimal value for their points, typically at a rate of 200 points per dollar. This model made the TD First Class Travel Visa Infinite one of Canada’s most popular travel cards.
However, beginning in late 2025, TD will end its direct Expedia integration and replace it with a branded TD Travel Portal. According to TD, this change will provide a “streamlined booking experience” and “enhanced flexibility.” Yet, there are concerns among customers about how value per point and overall user experience might shift without a trusted third-party travel platform.
Who qualifies and why it matters
If you’re holding a TD First Class Travel Visa Infinite, TD Platinum Travel Visa, or any other card that participates in the TD Rewards Program, you’re directly affected by this change. The reason this matters so much is that rewards value, redemption ease, and booking options are all expected to shift with the termination of the Expedia partnership.
High earners of travel points — like business travelers or frequent flyers — stand to lose the most if the points valuation decreases or redemption becomes more restrictive. Even casual users who redeem for gift cards or statement credits may see changes in point-to-dollar value post-2026. Hence, the urgency to understand these changes now and take proactive measures before the shift is finalized.
Winners and losers of this rewards program shake-up
| Group | Impact | Reason |
|---|---|---|
| Frequent Travelers | Potential Losers | May experience reduced value when redeeming for travel |
| Casual Users | Neutral | Minor changes if redeeming outside travel (e.g., gift cards) |
| New Cardholders in 2026 | Potential Winners | Could benefit from introduction promotions of the new system |
| Rewards Managers | Winners | Might gain improved point tracking and direct support |
What TD says about the future of rewards
While full program details haven’t been finalized, TD has assured customers that there will be a seamless transition and generous notice provided for any redemption value changes, with consistent communication to cardholders. The bank has also promised more redemption flexibility, a smoother travel booking process, and potential access to exclusive travel deals through its new platform.
“At TD, we are always evolving to better meet the needs of our customers. This transition will offer broader options and an improved experience when redeeming your TD Rewards.”
— Placeholder, TD Bank executive
How to protect your points now
Don’t panic — if you act early, you can still get full value for your TD Rewards points. TD has indicated that the Expedia For TD portal will remain available through 2025. If you’ve been saving points for a trip or major expense, consider redeeming before the program structure fully transitions.
Steps to protect your TD Rewards:
- Log into your TD Rewards account and check your points balance.
- Review the Expedia For TD portal for upcoming travel redemptions.
- Monitor TD’s official communication for updates about deadline dates.
- Consider using large portions of your points before the switch to avoid any drop in value.
- Speak with a TD representative to ensure you understand any changes specific to your card.
Alternatives to consider for travel rewards
Since travel redemption value may drop post-2026, it may be wise to reassess your primary travel credit card. Several other major banks and institutions offer competitive cards with flexible travel points, including ones that work directly with airlines or have broader redemption networks. However, if you’re loyal to TD, you might want to wait to see what features the new TD Travel Portal will offer — it could come with upgraded perks, exclusive booking access, or better redemption flexibility.
How it all impacts your financial strategy
While a credit card’s rewards program might seem secondary to interest rates or fees, frequent users of TD’s travel cards could be losing hundreds — or even thousands — of dollars in rewards value if they don’t adjust to the impending changes. Points that previously stretched to upgrade flights or hotel rooms may no longer provide the same value if waited too long to redeem. Prepare by adjusting your strategy now: either redeem within the current structure or prepare to switch cards.
“Credit card rewards programs are always subject to change, but it’s rare to get two years’ warning. Smart consumers will use this window to maximize their existing points and retrain their redemption habits.”
— Placeholder, Independent Financial Analyst
FAQs
When will the TD Rewards changes take effect?
The program changes are set to take full effect in 2026, with the Expedia For TD partnership ending sometime in 2025.
Will my existing TD Rewards points expire?
No, TD has confirmed that existing points will roll over into the new system. However, redemption value or options may change.
Can I still use Expedia For TD in 2024 and 2025?
Yes, customers can continue to book travel through Expedia For TD until the partnership officially ends in 2025.
Will the value of TD Rewards points decrease?
While nothing is confirmed, industry analysts worry that changes to the portal structure could result in different — potentially lower — redemption values, especially for travel.
Is it still worth getting a TD travel credit card?
If you’re comfortable with some uncertainty or expect to spend and redeem actively in 2024–2025, the cards may still offer strong value. However, those focused on long-term points accumulation may want to reassess post-2026.