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

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May 25th, 2020 3:55 pm
mbarj04 [OP]
Newbie
Feb 28, 2019
33 posts
111 upvotes
Toronto

May 25th, 2020 3:55 pm

[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 Offer may be changed, extended or withdrawn at any time without notice.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.
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103 replies
May 25th, 2020 4:02 pm
Jon Lai
Deal Expert
May 30, 2005
43770 posts
4408 upvotes
Richmond Hill

May 25th, 2020 4:02 pm

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.
+29
May 25th, 2020 4:10 pm
Dyklone
Newbie
Nov 24, 2014
43 posts
30 upvotes

May 25th, 2020 4:10 pm

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.
+9
May 25th, 2020 4:12 pm
carmageddon
Deal Addict
User avatar
Nov 21, 2015
2958 posts
2665 upvotes
Toronto, ON

May 25th, 2020 4:12 pm

can these Costco gift cards be used for online purchases by non-members ?
+1
May 25th, 2020 4:14 pm
mbarj04 [OP]
Newbie
Feb 28, 2019
33 posts
111 upvotes
Toronto

May 25th, 2020 4:14 pm

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 ?
+4
May 25th, 2020 4:38 pm
Wjechong
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Aug 9, 2012
30 posts
21 upvotes
Vancouver, British C…

May 25th, 2020 4:38 pm

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....
+1
May 25th, 2020 4:44 pm
callernamet
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Mar 10, 2018
3721 posts
766 upvotes
centre of universe

May 25th, 2020 4:44 pm

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.
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May 25th, 2020 4:45 pm
xhalo21
Member
Dec 22, 2012
339 posts
105 upvotes
Mississauga

May 25th, 2020 4:45 pm

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
+1
May 25th, 2020 4:52 pm
cheapbum
Jr. Member
Oct 1, 2018
103 posts
89 upvotes
Toronto

May 25th, 2020 4:52 pm

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
+1
May 25th, 2020 4:53 pm
dealsnipper
Newbie
Jan 24, 2010
52 posts
47 upvotes
Vancouver

May 25th, 2020 4:53 pm

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.
+4
May 25th, 2020 5:08 pm
who_ca
Deal Addict
Jul 9, 2006
1023 posts
204 upvotes
Toronto

May 25th, 2020 5:08 pm

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 :-).
May 25th, 2020 6:22 pm
balaca
Jr. Member
User avatar
Apr 28, 2019
106 posts
93 upvotes

May 25th, 2020 6:22 pm

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.
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May 25th, 2020 6:24 pm
DrDoomsday
Member
Aug 7, 2019
424 posts
133 upvotes

May 25th, 2020 6:24 pm

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.
+2
May 25th, 2020 7:27 pm
DraKoLich
Jr. Member
Nov 25, 2008
118 posts
130 upvotes

May 25th, 2020 7:27 pm

"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?
+1
May 25th, 2020 7:50 pm
RFDQ1016
Deal Fanatic
Jan 18, 2010
7338 posts
4810 upvotes
Canada

May 25th, 2020 7:50 pm

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
Tangerine, Public Mobile, and Freedom Mobile customer
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