TD Cash Credit Card review
Why you can trust Bankrate
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:
- Meet you wherever you are in your credit card journey to guide your information search and help you understand your options.
- Consistently provide up-to-date, reliable market information so you\'re well-equipped to make confident decisions.
- Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you.
At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
How We Make Money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
TD Cash Credit Card overview
The TD Cash Credit Card is a credit card designed with foodies in mind. Dining out earns you unlimited 3 percent cash back, plus you’ll earn 2 percent back at grocery stores for when you decide to stay in and cook dinner at home.
But how does it stack up against other cash back credit cards?
In this review, we’ll dig through the card’s fine print and share all the important details you need to know about the card, then compare it to a few other options to see if it’s worth adding to your wallet.
A deeper look into the current card offer
- Rewards rate: 3 percent cash back on dining, 2 percent on groceries and 1 percent on everything else
- Welcome offer: Earn $150 cash back by spending $500 in the first 90 days
- Annual fee: $0
- Purchase intro APR: 0 percent for the first 15 billing cycles
- Balance transfer intro APR: 0 percent for the first 15 billing cycles
- Regular APR: 12.99 percent, 17.99 percent or 22.99 percent variable based on creditworthiness
Current sign-up bonus
The TD Cash Credit Card comes with a straightforward and easy-to-earn sign-up bonus. You’ll receive $150 in bonus cash back after you spend only $500 within the first 90 days of opening your credit card account.
On top of the sign-up bonus, you’ll also earn cash back on every purchase.
Earning cash back
Once you receive your TD Bank cash back credit card, you can start earning rewards on every purchase. This is a particularly great choice for people who love dining out, rivaling the top cards in the category with no annual fee. You’ll earn 3 percent cash back at restaurants, 2 percent at grocery stores and 1 percent on all other eligible purchases. It’s important to note, however, that superstores and warehouses (think Target, Walmart or Costco) will only qualify for 1 percent cash back.
You can redeem your TD rewards for cash back once you’ve reached 2,500 points in your account. Each point is worth at least $0.01, so redeeming 5,000 would equal $50 cash back. You can request your cash back as either a statement credit or direct deposit.
To redeem your TD rewards, log into your account on the rewards program website or call customer service.
This card takes care of its users from start to finish, offering a simple application, lots of security features and convenient benefits that make it easy to use on the go.
In most cases, you’ll receive instant approval, so you’ll know if you’re on your way to earning rewards. If you don’t get an answer right away, you can check your TD bank credit card application status by phone.
Visa Zero Liability
The Visa Zero Liability policy is a guarantee from Visa that you will not be held accountable if your card is ever lost, stolen or fraudulently used. Simply report any unauthorized charges, and Visa will work to correct the problem.
You can add the TD Cash Credit Card to your digital wallet, making instant, contactless payments possible. Plus, your digital wallet is protected by the same security as your physical card, and card details aren’t kept on the device or shared during payment, giving you peace of mind at the cash register.
Rates and fees
The TD Cash credit card offers a 0 percent intro APR on both purchases and balance transfers for the first 15 billing cycles after opening your account. After that, your standard variable APR will be either 12.99 percent, 17.99 percent or 22.99 percent for both purchases and balance transfers, depending on your creditworthiness.
The card doesn’t charge an annual fee or foreign transaction fee, making it a great option to take with you wherever you go. If you do a balance transfer, you’ll pay a fee of either $5 or 3 percent of the transaction, whichever amount is higher.
There’s also a cash advance fee of $10 or 5 percent of the transaction, whichever is greater, and cash advances have a variable APR of 25.24 percent. The card has a minimum interest charge of $1, and finally, there are penalty fees up to $37 for either late or returned payments.
How the TD Cash Credit Card compares to other cash back cards
Best cards to pair the TD Cash Credit Card with
The TD Cash Credit Card offers great rewards rates for restaurants and grocery stores. However, its cash back rewards don’t offer much flexibility for travel and other types of purchases. To maximize your potential earnings, you can match it with the Citi Rewards+® Card, which earns Citi ThankYou points — a flexible rewards program you can use for both cash back and travel. It also offers incredible value on small purchases by rounding up points to the nearest 10.
Bankrate’s Take—Is the TD Cash Credit Card worth it?
The TD Cash credit card is a no-frills card that offers excellent cash back rewards rates for dining out and grocery stores. This card is great for anyone looking to earn cash back on everyday purchases without the hassle of a complicated rewards system.
It’s not a great fit for people with poor credit, however. If your credit could use some work, you should consider the TD Cash Secured Credit Card, which requires a lower credit score to be approved. If you make on-time payments for 24 consecutive months, you may be eligible to upgrade to an unsecured card from TD Bank.
For rates and fees of the Blue Cash Everyday Card from American Express, please click here.