What the Card Offers
TD markets the U.S. Dollar Visa for spending in U.S. dollars without foreign currency conversion fees, with travel coverages including trip interruption, baggage and rental car insurance, for a $39 USD annual fee.
- 0%
No conversion fee on U.S. dollar purchases1
Purchases and bills in U.S. dollars are charged in U.S. dollars, with no foreign currency conversion.
- $5,000
Trip interruption insurance1
Up to $5,000 per insured person, to $25,000 for all insured persons on the same trip.
- $1,000
Delayed and lost baggage cover1
Up to $1,000 per insured person for essentials if baggage is delayed over 6 hours or lost.
Show 2 more benefitsShow fewer
- 48 days
Rental car collision cover2
Collision and loss damage coverage for rentals of up to 48 consecutive days charged to the card.
- $0
Additional cardholders1
No fee for additional cardholders, up to 3 on the account.
Benefits as advertised by the issuer. The conditions attached to them are in the Fine Print Report below.
Sources (2)
- TD U.S. Dollar Visa product page (retrieved 2026-10-13)
- TD U.S. Dollar Visa product page, footnote 11 (retrieved 2026-10-13)
The Fine Print Report
Moderate fine print. The core benefit is real, but how you pay the card decides whether it saves money.
No travel medical or trip cancellationImpact level: High
No travel medical or trip cancellation insurance on a card built for U.S. travel
The card includes trip interruption, common carrier accident, delayed and lost baggage, rental car and purchase coverage, but no emergency travel medical insurance and no trip cancellation coverage.
Why it matters: A U.S. hospital stay can cost tens of thousands of dollars. Buy travel medical insurance separately for every trip.
2.5% fee on non-USD buys, and on refundsImpact level: Medium
Non-U.S.-dollar purchases carry a 2.5% conversion fee, charged again when they're refunded
Purchases in any currency other than U.S. dollars, including Canadian dollars, are converted to U.S. dollars and charged a foreign currency conversion fee. If one of those purchases is refunded, TD deducts a second conversion fee from the refund and keeps the fee charged on the original purchase. The fee is 2.5%; TD sets it in your Disclosure Statement rather than on the product page.
Why it matters: This card only saves fees on U.S. dollar spending. Using it in Canada, Europe or anywhere outside the U.S. dollar costs 2.5% per purchase, and again on a refund.
CAD payments converted at TD's own rateImpact level: Medium
Paying the card from a Canadian dollar account converts your payment at TD's own exchange rate
The account is in U.S. dollars. A payment made in another currency, such as from a Canadian dollar chequing account, is converted at TD's foreign currency exchange rate, which TD sets at its discretion. The agreement states this rate is higher than TD's cost and that TD earns revenue on every currency exchange.
Why it matters: If you don't have U.S. dollar income or a U.S. dollar account to pay from, you pay a currency spread on every payment, which can offset the fees you saved.
2 late payments: higher rates for a yearImpact level: Medium
Two late payments in 12 months move you to higher interest rates for at least a year
If TD doesn't receive your minimum payment on time twice within 12 consecutive statement periods, it raises your interest rates to the higher rates in your Disclosure Statement. The higher rates start the next statement period and only end after 12 consecutive on-time minimum payments.
Why it matters: If you ever carry a balance, two late payments make it more expensive for at least 12 months. Automatic minimum payments avoid this.
Missed payment: TD can debit other accountsImpact level: Medium
After one missed payment, TD can take money from your other TD accounts without notice
If your full minimum payment isn't received by the due date, the account is no longer in Good Standing. TD may then deduct money from any other account the Primary Cardholder has with the TD Bank Group, with or without notifying you, and may demand the full balance.
Why it matters: If your chequing or savings account is also at TD, a single missed payment can lead to a withdrawal you didn't schedule, which could bounce other payments.
Show 2 more findingsShow fewer
Fee billed in USD; no rewardsImpact level: Low
The $39 annual fee is charged in U.S. dollars, and the card earns no rewards
The annual fee is $39 USD, so its cost in Canadian dollars depends on the exchange rate. The card earns no points or cash back.
Why it matters: The card pays for itself only if you'd otherwise pay at least $1,560 USD a year in 2.5% conversion fees on a Canadian dollar card.
75% of the trip must go on the cardImpact level: Low
Trip interruption cover requires at least 75% of the trip cost charged to the card
To be eligible for Trip Interruption Insurance, at least 75% of the entire trip cost, including taxes and fees on the carrier fare and any hotel, must be paid with the card.
Why it matters: Trips paid with a mix of cards may not be covered.
Who This Card Is For
Great fit if you...
- Have U.S. dollar income or a USD account
- Spend regularly in U.S. dollars
- Shop U.S. online stores or pay U.S. bills
- Already have travel medical insurance
- Don't need rewards
Consider alternatives if you...
- Would pay the card from Canadian dollars
- Spend in currencies other than USD
- Need travel medical insurance
- Want rewards on your spending
- Spend under about $1,500 USD a year
The Verdict
The U.S. Dollar Visa removes conversion fees on U.S. dollar purchases, which suits snowbirds, cross-border shoppers and anyone with U.S. dollar income.
The savings depend on paying the card in U.S. dollars; paying from a Canadian dollar account adds TD's exchange spread. It has no travel medical cover, and other currencies carry a conversion fee.
The Recommendation: Worth it if you have U.S. dollars to pay with and spend over $1,500 USD a year. Otherwise, a Canadian dollar card with no foreign transaction fee may be simpler.
Before you apply: This teardown is general information, not financial, legal or insurance advice, and reflects the issuer's documents as of October 2026. Terms, rates, fees and offers change, and the issuer's own agreement, disclosure statement, insurance certificates and program terms are what govern your card. Read them in full and confirm details with the issuer before you apply. Full disclaimer