Credit Cards » Credit Card Reviews » TD Cash Card: 2022 Review
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TD Cash Card: 2023 Review

The TD cash card offer no expiration points that can be redeemed for cash back, electronics, gift cards, and travel rewards.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.

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Table of Contents

The TD Cash Credit Card  is provides a nice benefits to its customers as well as a nice cashback rewards model. 

The card offers unlimited 3% cash back on dining (including takeout and deliver), 2% at grocery stores and 1% on all other purchases. These rewards are earned as points that can be redeemed for cash back, electronics, gift cards, and travel rewards. A significant feature of this card is that there is no expiration date on your points; hence, you can redeem them anytime you choose. However, there are minimum redemptions for each category.

New applicants are eligible for sign up bonus of $150 Cash Back when you spend $500 within 90 days after account opening as well as a 0% intro APR for 12 billing cycles on balance transfer (19.24% – 29.24% variable after that).

TD Cash Card

TD Cash Card

On TD's Secure Website

Rewards Plan

1% – 3% 3% cash back on dining (including takeout and deliver), 2% at grocery stores and 1% on all other purchases

Sign up Bonus

$150 $150 Cash Back when you spend $500 within 90 days after account opening

0% Intro

12 billing cycles on balance transfer

PROS

CONS

APR

19.24% - 29.24% variable

Annual Fee

$0

Balance Transfer Fee

$5 or 3%

Credit Requirements

Excellent

Card & Issuer Reputation

  • 4.3/5  on J.D. Power U.S. Credit Card Satisfaction Study 2020

Benefits

Let’s take a look at the benefits of this credit card and see if it’s the right one for your wallet or not.

Card owners enjoy multiple rewards with this card, like the $150 Cash Back when you spend $500 within 90 days after account opening. There is also the 3% cash back on dining (including takeout and deliver), 2% at grocery stores and 1% on all other purchases.

Rewards are earned as points that can be redeemed for cash back, electronics, gift cards, and travel benefits. The travel benefits include car rental insurance, lost baggage insurance, roadside assistance, concierge service, and hotel upgrades.

There is a 0$ annual fee, which means that clients aren’t obligated to pay yearly fees. Taking into account the multiple rewards and benefits provided for users of this card, the no annual fees is a surprise because most credit card companies use it to regain the cost of rewards and bonuses.

Card owners are exempted from the responsibility of unauthorized charges to their accounts. This helps protect against fraud and the TD customer service expert line is always open to making calls if you suspect fraudulent activities on your account.

 There is a 0% introductory APR for 12 billing cycles on balance transfer.

This introductory rate may be helpful to clients that wish to make high-end purchases.

If you patronize foreign merchants, you aren't obligated to pay additional costs to the actual price of your purchase. This feature may be helpful to users who frequently patronize foreign merchants.

The TD Cash Credit Card can be used for contactless payments where you make purchases without inserting the chip at the payout terminal. All you have to do is tap the card on to the contactless symbol and payment is sent for authorization.

Drawbacks

Let’s take a look at the drawbacks of the TS cash card:

TD Cash Card is available only in sixteen states; hence, to be eligible to apply, you must be a resident of one of the following places: Connecticut, Vermont, Virginia, Washington, D.C. Delaware, Florida, Maine, Maryland, New Jersey, New York, North Carolina, Massachusetts, New Hampshire, Pennsylvania, Rhode Island, and South Carolina

On the other hand, you can only redeem a minimum of $25 for general purchases, while travel transactions require a minimum of $150 for hotel bookings and $250 for a round-trip flight. 

Also, card owners are unable to transfer their rewards to other TD cards. This card has a limit for the worth of the points to redeem.

How To Apply For TD Cash Credit Card?

Visit the site at td.com and click on ‘Apply Now' to proceed.

TD Cash Card

Fill in your basic information, including name, phone number, and email. Click ‘Next' to proceed.

TD Cash Card

Now, input your address details and select ‘Next' to proceed.

TD Cash Card

Fill in your social security number and date of birth, then click ‘Next' to continue with your application.

TD Cash Card

Submit your income details and click ‘Next’ to confirm your information.

TD Cash Card

Now, you have the option to request transfer balances from other cards by filling in the transfer amount, account number, card issuer, and issuer's address.

TD Cash Card

You can also add authorized users by providing their names and date of births.

TD Cash Card

Proceed to read the terms and conditions of TD Bank and if you are okay with the rules, click ‘Accept & Continue'.

TD Cash Card

Proceed to read the terms and conditions of TD Bank and if you are okay with the rules, click ‘Accept & Continue'.

TD Cash Card

Compare The Alternatives

If you're looking for a cash back credit card – the TD cash card is a decent option. However, if you're not a TD customer, there are some good alternatives:

American express everyday card review 2021

Chase Freedom Flex

citi double cash

American Express EveryDay® Card
Chase Freedom Flex℠ Card
Citi® Double Cash Card
Annual Fee
$0 . See Fees & Rates
$0
$0
Rewards
1X – 2X 2X at U.S. supermarkets (up to $6,000 each year), then 1x on all purchases
1-5% 5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases
2% (1% when purchase and another 1% upon payment) 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
Welcome bonus
10,000 points 10,000 points after you spend $1,000 in purchases on your new card within the first 3 months
$200 $200 bonus after you spend $500 on purchases in the first 3 months from account opening
None None
Foreign Transaction Fee
2.7%
3%
3%
Purchase APR
17.49% – 28.49% variable
19.49% – 28.24% variable
18.49% – 28.49% (Variable)

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Lorraine Smithills

Lorraine Smithills

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
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Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus: $250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
citi-custom-cash_
Rewards Plan:
1-5% 5% cash back on your highest eligible spend category each billing cycle up to the first $500 spent and 1% cash back thereafter
Welcome Bonus: $200 $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening (20,000 ThankYou® Points, which can be redeemed for $200 cash back)

Rewards Plan:
1% – 4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Welcome Bonus: $300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

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The product offers that appear on this site are from companies from which this website receives compensation. 

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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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