TD ruins appeal of First Class Travel Visa Infinite Card
Information from posting in bill:
"Starting August 16, 2015, you can now redeem in minimum $1 increments for travel purchased through any travel providers outside of Expedia For TD® (“Book Any Way”).
Here is how it works:
1. For the first $1,200 of that travel purchase (equal to 300,000 TD Points):
• Every 250 TD Points redeemed equals $1 in travel savings for that travel purchase amount. 2. For each $1 over the first $1,200 of that travel purchase:
• Every 200 TD Points redeemed are worth $1 in travel savings for that travel purchase amount that is over the first $1,200.
For example: Travel of $2,275 equals 515,000 TD Points. Details on page 2 in the enclosed Important Notice."
Basically if you use "Book Any Way", your rewards value drops to $40/ 10,000 TD points (from the current $50)
They also add: "Remember, when you redeem for travel booked through Expedia For TD, you must redeem in minimum increments of 10,000 TD Points ($50 travel value)."
Looks like they are trying to move people to the higher margin Expedia for TD system.
This is making the BMO World Elite cards (Travel or Cash Back) much more appealing tbh, especially with the fee wavier like TD does with the all-inclusive account.
Thoughts?
"Starting August 16, 2015, you can now redeem in minimum $1 increments for travel purchased through any travel providers outside of Expedia For TD® (“Book Any Way”).
Here is how it works:
1. For the first $1,200 of that travel purchase (equal to 300,000 TD Points):
• Every 250 TD Points redeemed equals $1 in travel savings for that travel purchase amount. 2. For each $1 over the first $1,200 of that travel purchase:
• Every 200 TD Points redeemed are worth $1 in travel savings for that travel purchase amount that is over the first $1,200.
For example: Travel of $2,275 equals 515,000 TD Points. Details on page 2 in the enclosed Important Notice."
Basically if you use "Book Any Way", your rewards value drops to $40/ 10,000 TD points (from the current $50)
They also add: "Remember, when you redeem for travel booked through Expedia For TD, you must redeem in minimum increments of 10,000 TD Points ($50 travel value)."
Looks like they are trying to move people to the higher margin Expedia for TD system.
This is making the BMO World Elite cards (Travel or Cash Back) much more appealing tbh, especially with the fee wavier like TD does with the all-inclusive account.
Thoughts?