TD First Class Visa Infinite Points Value Decrease
/TD Devalues Visa Infinite Points
First Published Date: June 22, 2015
If you are a TD First Class Visa Infinite credit card holder, you will see lower rates and lose some value in your points redemption starting August 16, 2015. You may want to consider redeeming your points before August 16 (if your circumstances allow), so you don’t get dinged by TD.
As of now, before August 16, the redemption rate is 200 points for $1, but it will be devalued at 250 points for $1 starting August 16. What it means that if you have 100,000 points, you will get $500 in travel spending, but after August 16 the same 100,000 points will fetch you $400.
TD First Class Visa Infinite provided 1.5 percent return on your purchase spending, excluding TD Expedia spending, until now. This rate will go down to 1.2 percent once the devaluation kicks in. Although TD said you would still get 1.5 percent rate on your regular purchases if you redeem over 300,000 points, but the truth is you will never go back to the old 1.5 percent return level as the first 300,000 points will be counted as 1.2 percent return – making the total return on regular spending above 300,000 points ($1,200) a low 1.33 percent.
This is obvious that TD will lose lots of clients after the devaluation as TD First Class Visa Infinite will lose its ranking among other travel reward cards. And there are so many better cards out there, unless you don’t mind losing your spending’s worth and sticking to TD due to allegiance. As I will be writing on more credit cards to maximize your reward returns, don’t forget to keep an eye on A Dawn Journal. Visit here if you would like to find out more about TD’s recent devaluation announcement.
