TD U.S. Dollar Visa* Card Review

Updated October 15, 20266 min read

This is TD's card for people who already live partly in U.S. dollars: snowbirds, cross-border shoppers, anyone paid in USD or holding savings there. The account is billed in U.S. dollars, so a U.S. purchase lands on the statement in the same U.S. dollars you paid, and you pay it off in U.S. dollars, with nothing converted at either end. I'd point it at someone who has a U.S. dollar account to pay from; without one, most of the point is lost.

The catch is that it does nothing else. It earns no rewards, the 21.99% purchase rate is ordinary, and anything you buy in Canadian dollars or a third currency is converted to U.S. dollars with a conversion charge. So it's a second card for U.S. spending only, and for US$39 a year it carries a decent travel insurance package.

The bonus

Welcome offer

There is no welcome bonus on the TD U.S. Dollar Visa, and the card earns no points or cash back, so there is nothing to unlock with spending. TD's product page shows the US$39 annual fee, the rates and the insurance, with no sign-up offer, as of October 15, 2026.

If you want something back on U.S. spending, RBC's U.S. Dollar Visa Gold earns 1 Avion point per US$1 for a US$65 fee, also with no sign-up bonus.

Insider tip

With no bonus to chase, the decision comes down to how much you already spend and hold in U.S. dollars. If you have U.S. income or savings to pay the bill from, this card keeps that money in U.S. dollars from purchase to payment; if you don't, a card with no foreign transaction fee is usually the simpler tool.

What it costs

Fees & eligibility

The card costs US$39 a year, charged in U.S. dollars with no first-year waiver, and up to 3 additional cardholders are free. There is no income requirement: TD only asks that you are a Canadian resident of the age of majority in your province or territory.

Purchases carry 21.99% interest and cash advances 22.99%, rates TD lists as current as of April 30, 2025. The product page does not print a balance transfer rate, the grace period or the percentage of the foreign currency conversion charge, so check TD's disclosure statement for those.

Because the balance is in U.S. dollars, the way to get the full benefit is to pay it from a U.S. dollar account, which keeps the whole loop in one currency. TD's card page does not explain how a payment from a Canadian dollar account is converted, so ask TD before you rely on one.

Annual feeUS$39

Supplementary card$0

Beyond the points

Perks & benefits

The main perk is the billing currency. TD says the card eliminates credit card foreign currency conversion rates and fees when making purchases or paying for bills in U.S. dollars, so U.S. store purchases, U.S. online orders and recurring U.S. bills all post at face value.

Beyond that, the extras are TD's standard ones: at least 10% off base rates at participating Avis and Budget locations in Canada and the U.S. (at least 5% internationally), Visa Zero Liability, TD Fraud Alerts and 24-hour emergency travel assistance. There is no lounge access, no travel credit and no rewards.

U.S. dollar billingPurchases and bill payments in U.S. dollars post with no conversion; other currencies are converted with a charge.

Avis and BudgetAt least 10% off base rates in Canada and the U.S., at least 5% internationally.

Additional cardsUp to 3 additional cardholders at no charge.

Emergency travel assistanceA 24-hour assistance line while travelling; a service, not insurance.

Coverage included

Insurance

For a US$39 card the insurance is respectable, and it is built around travel. Trip interruption pays up to $5,000 per insured person and $25,000 per trip when at least 75% of the trip's common carrier fare and hotel costs are charged to the card, and TD's certificate states those amounts in Canadian currency. Common carrier travel accident cover is up to $500,000, and delayed and lost baggage pays up to $1,000 per person per trip once checked bags are more than 6 hours late.

Rentals get primary collision/loss damage cover for up to 48 consecutive days on vehicles with an MSRP up to $65,000 Canadian, when you pay the full rental with the card and decline the agency's CDW. Purchase Security (90 days) and Extended Warranty (up to 1 extra year) share a $60,000 lifetime limit across all TD credit cards. There is no emergency medical and no trip cancellation cover, which matters for snowbirds; TD sells travel medical insurance separately.

Trip interruptionUp to $5,000 per insured person, $25,000 per trip; charge at least 75% of the fare and hotel to the card.

Travel accidentUp to $500,000 on a common carrier when the fare is charged to the card.

Delayed and lost baggageUp to $1,000 per person per trip; delay means more than 6 hours.

Rental carPrimary collision/loss damage, up to 48 days, MSRP up to $65,000 Canadian.

Purchase coverPurchase Security 90 days and Extended Warranty up to 1 extra year; $60,000 lifetime limit.

Not includedNo emergency medical, trip cancellation, flight delay or mobile device coverage.

Opinion

My take

JasonRated 2.8 / 10

I'd get this card only if you already earn, save or spend in U.S. dollars and have a U.S. dollar account to pay it from; if you just visit the U.S. now and then, I'd skip it.

What it fixes is narrow but real: U.S. purchases stay in U.S. dollars from the till to the payment, so nothing gets converted on the way in or out. For a snowbird paying U.S. bills or a cross-border shopper with a U.S. account, that is the whole job, and the trip interruption, baggage and rental car cover are more than I'd expect at US$39.

The downsides: no rewards at all, an ordinary 21.99% purchase rate, and no emergency medical, which is the cover snowbirds need most. RBC's U.S. Dollar Visa Gold costs US$65 but earns 1 Avion point per US$1, so if you put real money through a U.S. dollar card, I'd compare the two before settling on TD's.

The good

Billed and paid in U.S. dollars, no conversion on U.S. purchases
Trip interruption, baggage and primary rental car cover for US$39
No income requirement and 3 free additional cards

The catch

No rewards of any kind
Canadian-dollar and other-currency purchases are converted with a charge
No emergency medical or trip cancellation insurance

— Jason

Questions

Frequently asked

What does the TD U.S. Dollar Visa cost?

US$39 a year, charged in U.S. dollars, with no first-year waiver. Up to 3 additional cardholders are free.

Are there foreign transaction fees on U.S. purchases?

No conversion applies to purchases and bill payments made in U.S. dollars, because the account itself is in U.S. dollars. TD says the card eliminates credit card foreign currency conversion rates and fees on U.S.-dollar purchases and bills.

What happens if I use it in Canada or overseas?

Purchases and cash advances in any currency other than U.S. dollars, Canadian dollars included, are converted to U.S. dollars on the statement and are subject to a foreign currency conversion charge. TD's product page does not print the percentage, so confirm it in the disclosure statement.

How do I pay the bill?

The statement and balance are in U.S. dollars, so paying from a U.S. dollar account avoids converting money. TD's card page does not explain how a payment from a Canadian dollar account is handled; ask TD before relying on one.

What are the interest rates?

21.99% on purchases and 22.99% on cash advances, current as of April 30, 2025 per TD's page. The balance transfer rate is not printed on the product page.

Does it include travel insurance?

Yes, but not medical. It includes trip interruption (up to $5,000 per person), common carrier travel accident (up to $500,000), delayed and lost baggage (up to $1,000 per person), primary rental car collision/loss damage for up to 48 days, and purchase security with extended warranty. There is no emergency medical or trip cancellation cover.

Is there an income requirement?

No income requirement is printed. You must be a Canadian resident of the age of majority in your province or territory.