TD Bank and TD Ameritrade have unveiled a new rewards credit card with flexible redemption options in a move to expand the bank’s credit card services nationally.

Dubbed as TD Ameritrade Client Rewards Credit Card, the new card allows consumers to travel and shop securely in addition to providing benefit of Visa travel and purchase protection, roadside dispatch, and a built-in microchip.

With this card, cardholders can get 1.5% rewards on purchases that can be redeemed for merchandise, gift cards, statement credits, cash and travel.

Also, cardholders can earn an additional 10% in rewards by redeeming their points as cash into an eligible TD Ameritrade account.

TD Bank head of U.S. Bankcard and Merchant Services Julie Pukas said: "The TD Ameritrade card provides consumers with a tremendous array of features that today’s consumer values.

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"It expands our credit card services nationwide and offers consumers a unique value through our partnership with TD Ameritrade."