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TD Rewards: Get $10 back when you redeem points for every $50 Costco Shop Cards + enjoy a bonus 25% off your redemption

[OP]
Newbie
Feb 28, 2019
59 posts
138 upvotes
Toronto

[TD Bank] TD Rewards: Get $10 back when you redeem points for every $50 Costco Shop Cards + enjoy a bonus 25% off your redemption

Just received an email from TD Rewards:

For every $50 in Costco Shop Cards you redeem your TD Rewards Points for on TDRewards.com, receive a $10 credit on your credit card statement.
Offer valid until June 19, 2020.

For a limited time, use 25% less TD Rewards Points when you redeem for Costco Shop Cards, this also applies to all gift cards through TDRewards.com.
Offer ends Aug 15, 2020.

Term & Conditions per TD Rewards Costco Campaign
Everyone loves shopping at Costco. Share Costco Shop Cards with friends and family. Costco Shop Cards offer a convenient payment alternative for a one-stop shopping experience.


Costco Shop Card Campaign
Offer: Applies to TD First Class Travel Visa Infinite*, the TD Platinum Travel Visa*, the TD Rewards Visa* and the TD Business Travel Visa* Credit Cards Cardholders ("Account") who make a qualifying Costco Shop Card redemption through TDRewards.com from May 25, 2020 12:01am EST to June 19, 2020 11:59pm EST inclusive ("Offer Period"). To qualify, Cardholders of an Account must redeem TD Points or TD Rewards Points for Costco Shop Cards for a minimum value of $50.00 at TDRewards.com during the Offer Period. Accounts that qualify for the Offer will receive $10 statement credit on the Account for each increment of a $50.00 Costco Shop Card redemption made during the Offer Period. There is no limit to the number of Costco Shop Cards that can be redeemed during the Offer Period by an Account. Please allow up to 8 weeks after the Offer Period for the statement credit to be applied to your Account. Your Account must be open and in good standing at the time the statement credit is applied. Offer may be changed, extended or withdrawn at any time without notice. This Offer will be in addition to any other offers available for your Account.
All Gift Cards offered at TDRewards.com are subject to availability and may change without notice. Gift Cards may be subject to additional terms and conditions set out by the third-party merchant issuing the gift card and may be subject to change from time to time. TD is not responsible if a gift card is not honoured for any reason, including if the third-party merchant issuing the gift card becomes insolvent or bankrupt.

Costco Wholesale Canada is a registered trademark of Price Costco International, Inc. used under license. Nonmember use has limitations. Please review Terms and Conditions.
112 replies
Deal Expert
May 30, 2005
46676 posts
7119 upvotes
Richmond Hill
To save everyone some math, using 250 points = $1 for Book Any Way travel, the $10 statement credit + 25% discount on points works out to the equivalent of $50 in statement credit, in other words, you are getting the same value as spending it on travel, which is a decent deal.
Jr. Member
Nov 24, 2014
133 posts
126 upvotes
Some more info for people regarding TD Points: https://creditcardgenius.ca/blog/td-rew ... l-program/

Points are only worth $0.0025 for gift cards normally. For example at regular price it would be $50 / 20000 points = $0.0025 per point. With this offer it's $60 / 15000 points = $0.004 per point

Looking at the link above this puts the value of each point at the same level as purchasing travel outside of TD for Expedia but still under purchasing travel through TD for Expedia.

I always tell people to never spend their points on anything besides travel unless of course they don't really travel. In our current situation of COVID-19 though who knows how long it will be before we can travel anywhere so if you're itching to spend your points for some reason this would be the best current value compared to non travel ways.

With that said, I'm hanging on to my points for the time being.
Deal Addict
User avatar
Nov 21, 2015
3125 posts
3228 upvotes
Toronto, ON
can these Costco gift cards be used for online purchases by non-members ?
[OP]
Newbie
Feb 28, 2019
59 posts
138 upvotes
Toronto
Yes it works for non-members, I did use multiple times.
carmageddon wrote: can these Costco gift cards be used for online purchases by non-members ?
Newbie
User avatar
Aug 9, 2012
32 posts
25 upvotes
Vancouver, British C…
I feel like this is a good out for me as i've been trying to close this card down to gain other CC offers with TD and I don't really travel too much.

The value is slightly less than redeeming on Expedia, but then again, sometimes the flight prices on Expedia are slightly higher....
Deal Addict
User avatar
Mar 10, 2018
4416 posts
1119 upvotes
does it matter?
Wjechong wrote: I feel like this is a good out for me as i've been trying to close this card down to gain other CC offers with TD and I don't really travel too much.

The value is slightly less than redeeming on Expedia, but then again, sometimes the flight prices on Expedia are slightly higher....
Yeah. Just reading that email. And Expedia prices are pretty high.
Tried new coffee and doughnut. Found same old stale thing. expected bill of six bucks but it was 600 million. Big mistake so the guy said don't worry it is on the house. going back to McD.
Sr. Member
Dec 22, 2012
563 posts
378 upvotes
Mississauga
Wjechong wrote: I feel like this is a good out for me as i've been trying to close this card down to gain other CC offers with TD and I don't really travel too much.

The value is slightly less than redeeming on Expedia, but then again, sometimes the flight prices on Expedia are slightly higher....
they do price match flight prices, but yea extra work to get that done
Jr. Member
Oct 1, 2018
170 posts
195 upvotes
Toronto
Wjechong wrote: I feel like this is a good out for me as i've been trying to close this card down to gain other CC offers with TD and I don't really travel too much.

The value is slightly less than redeeming on Expedia, but then again, sometimes the flight prices on Expedia are slightly higher....
I'm on the same boat. Been trying to spend my points in a reasonable way but everything was horribly valued (except for the switch around christmas which i missed out on)

This may have just given me an out as well
Jr. Member
Jan 24, 2010
104 posts
186 upvotes
Vancouver
With my math, it is still 20% less value than booking travel with Expedia, but when will any of us want to do that.
Here is how I calculated:
150000 points = $750 on ExpediaforTD
150000 points = $500 Costco + $100 credit card credit ($600 total value)
Last edited by dealsnipper on May 25th, 2020 6:19 pm, edited 2 times in total.
Deal Addict
Jul 9, 2006
1137 posts
284 upvotes
Toronto
Thanks OP, looks to be decent value for the points. Now I'll wait until Costco has their iTunes cards on sale and my Netflix subscription will be covered a bit longer :-).
Member
User avatar
Apr 28, 2019
217 posts
193 upvotes
I believe ExpediaForTD translates to 1 CAD per 200 TD Reward Points.

While this Costco deal translates to, 50 CAD (+10 CAD reward) on redeeming 15000 Reward Points. i.e. 1 CAD per 250 TD Reward Points

In summary, expending 25% more points to get same dollar worth if going for Costco gift card, technically.

In practice though, Costco card might be of more utility, than booking a (relatively marked-up) flight on ExpediaForTD in current COVID time.
Last edited by balaca on May 25th, 2020 6:26 pm, edited 1 time in total.
Public Mobile | Tangerine
Deal Addict
Aug 7, 2019
1033 posts
352 upvotes
Has something similar ever happened with another gift card (e.g. Amazon)? I don't have a Costco membership so although the redemption rate is better than usual, I wouldn't be able to use them.
Member
Nov 25, 2008
296 posts
508 upvotes
"Accounts that qualify for the Offer will receive $10 statement credit on the Account for each increment of a $50.00 Costco Shop Card redemption made during the Offer Period. "

How does one know if their account qualifies?
Deal Fanatic
Jan 18, 2010
7663 posts
5160 upvotes
Canada
DrDoomsday wrote: Has something similar ever happened with another gift card (e.g. Amazon)? I don't have a Costco membership so although the redemption rate is better than usual, I wouldn't be able to use them.
you don't need a costco membership to use their gift cards
Deal Addict
Aug 7, 2019
1033 posts
352 upvotes
RFDQ1016 wrote: you don't need a costco membership to use their gift cards
But don't they tack on additional charges for non-members?
Sr. Member
Sep 16, 2019
982 posts
1040 upvotes
Thanks OP. I have had the shitty basic TD Rewards credit card since I was a teen. Never knew or cared much about CC rewards, until about a year ago. I don't even want to think about how many more points I would have if I had a decent rewards CC. With all of my years of spending thousands and thousands of dollars with my credit card, I only have 66,609 points. I don't plan on using it on Expedia travel, so I think this is the best bet for me. I definitely love my Costco meats, lol.

EDIT: On that note... I've been wanting a new CC but requirement is always $60K income. I make much less than that but I have a 845 credit rating. Any way to work around the income limit?
Images
  • costco gift card order.png
Deal Fanatic
Jan 18, 2010
7663 posts
5160 upvotes
Canada
DrDoomsday wrote: But don't they tack on additional charges for non-members?
No. Some products online are members only, but most products are available to everyone. In store I believe you can use GCs unrestricted, just have to inform the Service desk and get a day pass
Jr. Member
Mar 8, 2017
103 posts
37 upvotes
Toronto
First time using their rewards website.
Can someone kindly tell me whether cash back CCs are eligible for this promo?
Thank you.
[OP]
Newbie
Feb 28, 2019
59 posts
138 upvotes
Toronto
JoyL302 wrote: First time using their rewards website.
Can someone kindly tell me whether cash back CCs are eligible for this promo?
Thank you.
As per terms & conditions, it only applies to TD First Class Travel Visa Infinite*, the TD Platinum Travel Visa*, the TD Rewards Visa* and the TD Business Travel Visa* Credit Cards Cardholders ("Account")

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