TD Cash Credit Card review

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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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Snapshot

2.9

Bankrate rating
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TD Bank Image

TD Cash Credit Card

Rewards rate

1%–3%

Annual fee

$0

Intro offer

N/A

Regular APR

12.99%, 17.99% or 22.99% (Variable)

Recommended Credit Score

Excellent  (740 - 850)

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

Quick highlights

  • 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.

Cash back

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.

Redeeming points

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.

Benefits

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.

Instant approval

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.

Digital wallet

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

The TD Cash Credit card holds its ground against some of the better-known no annual fee credit cards like the Blue Cash Everyday® Card from American Express and the Citi® Double Cash Credit Card.

TD Bank Image

TD Cash Credit Card

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2.9

Annual fee

$0

Intro offer

N/A

Rewards rate

1%–3%

Recommended credit

Excellent(740 - 850)
American Express Image

Blue Cash Everyday® Card from American Express

Annual fee

$0

Intro offer

$250

Rewards rate

1%–3%

Recommended credit

Good to Excellent(670 - 850)
Citi Image

Citi® Double Cash Card

Annual fee

$0

Intro offer

N/A

Rewards rate

2%

Recommended credit

Good to Excellent(670 - 850)

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.