The TD Business Travel Visa card is the first in TD's line of business credit cards. This card carries an annual fee of $149 for the primary cardholder and $49 for each additional cardholder. The annual interest rate is 19.99% on purchases and 22.99% on cash advances.
This card is the business counterpart to TD's personal rewards card. The TD Business Travel Visa rewards businesses with flexible TD Rewards Points on common business expenses. And the points can accumulate quite quickly. Cardholders earn 9 TD Rewards Points for every $1 spent on travel booked through Expedia; 6 TD Rewards Points for every $1 spent on foreign currency purchases, restaurants, and recurring bill payments; and 2 TD Rewards Points for every $1 spent on all other eligible purchases.
Currently, there is a welcome bonus offer of 30,000 TD Rewards Points for new members. The annual fee for all of these features is $149.
Additional benefits include comprehensive travel insurance, rental car discounts, and access to the TD Card Management Tool, which provides cardholders with a simple and convenient way to track their account usage, review business expenses, and apply spending controls to each account.
There is no income requirement to apply for this card. Cardholders simply must be Canadian residents who have reached the age of majority in their province or territory.
The bottom line: The TD Business Travel Visa offers businesses a convenient way to track and manage spending, while earning flexible rewards on common business expenses. Its travel insurance and rental car benefits provide added value for businesses whose employees travel regularly for work. This card recognizes that running a business requires regular spending, and it provides a way for businesses to make the money they are already spending go a bit further.