Status: checked against official sources; automated independent review
FREQUENT FLYER GLOSSARY
What is an annual travel credit?
An annual travel credit is a recurring card benefit that offsets part of a cardholder's travel spending once per card year when the cardholder meets the card's conditions. It is a named travel benefit rather than a points balance, a lounge pass or a general statement credit: points are redeemed through a rewards programme, while the travel credit is attached to a qualifying travel purchase. [3] [2] [1]
Facts checked: 18 October 2026
Key takeaways
- An annual travel credit is a card benefit tied to travel spending, not a points currency. [3]
- On the TD First Class Travel Visa Infinite Card from TD Canada Trust, TD advertises a $100 annual TD Travel Credit when the cardholder books through Expedia for TD; conditions apply. [3]
- The TD offer footnote ties the $100 credit to the first Eligible Travel Credit Purchase of $500 or more made through Expedia For TD. [3]
- Other card benefits on the same Canadian card pages include points, statement credits and lounge benefits. [1] [2] [3]
What is an annual travel credit?
An annual travel credit is a cardholder benefit, not a loyalty currency. It sits alongside the annual fee, earn rates and insurance benefits on a card's product page, and it applies to the card named in those terms. [3] [2]
The practical question is whether the cardholder will use the credit. A credit that requires a specific booking channel is useful to someone who already books that way; otherwise the annual fee buys a benefit the cardholder may not use. [3]
How does an annual travel credit work?
Annual travel credits generally work through a qualifying purchase. The card's terms describe the credit as a fixed-dollar offset against a travel booking that meets the stated conditions. [3] The eligible transaction, booking channel and minimum spend are card-specific. [3]
TD calls the benefit an annual TD Travel Credit, and the related offer is effective as of 1 September 2026. [3] TD also states that annual interest rates, fees and features are current as of that date unless otherwise indicated. [3]
What does the TD annual travel credit example show?
On the TD First Class Travel Visa Infinite Card in Canada, TD advertises a $100 annual TD Travel Credit when the cardholder books through Expedia for TD; conditions apply. [3] The card's offer details are effective as of 1 September 2026. [3]
| Item | Detail |
|---|---|
| Annual travel credit | $100 annual TD Travel Credit when booking through Expedia for TD; conditions apply. [3] |
| Eligible purchase in offer footnote | TD Travel Credit on the first Eligible Travel Credit Purchase of $500 or more made through Expedia For TD. [3] |
| Annual fee | $139. [3] |
The headline credit is $100, while the offer footnote adds a $500 minimum eligible purchase and a required booking channel. [3] The credit is tied to Expedia for TD bookings, so the booking channel is part of the condition. [3]
How is it different from points, statement credits and lounge benefits?
An annual travel credit is not the same as a points balance. RBC Royal Bank of Canada's travel card range includes Avion points, WestJet dollars, Avios and Asia Miles, which are redeemed through the relevant rewards programme or airline. [2] TD states that every 200 TD Rewards Points redeemed through Expedia For TD are worth $1 in travel savings, which is a separate points mechanic from the $100 travel credit. [3]
It is also not the same as a statement credit. American Express Canada's Aeroplan Reserve Card page lists up to $100 CAD in NEXUS Card statement credits every four years for NEXUS application or renewal fees charged to an eligible card. [1] That benefit is a statement credit for a specific fee, while the TD travel credit is tied to a travel booking through Expedia for TD. [1] [3]
Lounge benefits are separate again. TD's First Class Travel offer lists a Visa Airport Companion Program membership with one free airport lounge visit and additional visits valued at $35 USD per person per visit. [3] A lounge visit benefit and a fixed-dollar travel credit do different things, even when they appear on the same card page. [3]
What limits apply to annual travel credits?
Annual travel credits are card-specific. The TD credit is described for the TD First Class Travel Visa Infinite Card and is tied to Expedia for TD bookings. [3] Other TD cards and other issuers have their own benefit sets. [3] [2] [1]
The TD page attaches "conditions apply" to the $100 annual credit, and the offer footnote adds a $500 minimum eligible purchase and a required booking channel. [3] The value of the credit therefore depends on whether the cardholder makes the described purchase. [3]
For budgeting, a $100 credit offsets $100 of the specified travel purchase when the conditions are met; if the cardholder does not make that purchase, the cardholder does not receive the $100 offset. [3]
Frequently asked questions
Is an annual travel credit the same as a statement credit?
No. A statement credit is a credit to the card account, such as the up to $100 CAD NEXUS statement credit on the American Express Aeroplan Reserve Card. [1] An annual travel credit is a named travel benefit tied to a qualifying travel purchase, such as the TD credit for Expedia for TD bookings. [3]
Is an annual travel credit the same as TD Rewards Points?
No. TD describes the $100 annual TD Travel Credit separately from TD Rewards Points, and it states that every 200 TD Rewards Points redeemed through Expedia For TD are worth $1 in travel savings. [3]
How much is the TD annual travel credit?
TD advertises a $100 annual TD Travel Credit on the TD First Class Travel Visa Infinite Card when the cardholder books through Expedia for TD; conditions apply. [3] The offer footnote describes it as a credit on the first Eligible Travel Credit Purchase of $500 or more made through Expedia For TD. [3]
Can the TD travel credit be used on any travel purchase?
The TD wording ties the credit to bookings through Expedia for TD and to an Eligible Travel Credit Purchase of $500 or more. [3]
Sources
Sources checked on 18 October 2026. American Express Canada, RBC Royal Bank of Canada and TD Canada Trust card pages are used for Canadian examples; other Canadian issuers and non-Canadian markets are not covered.
- American Express Canada credit cards, checked 18 October 2026
- RBC Royal Bank credit cards, checked 18 October 2026
- TD Canada Trust credit cards, checked 18 October 2026