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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).
Rewards Plan
Sign up Bonus
0% Intro
PROS
- No Annual Fee
- Bonuses and Rewards
CONS
- Penalty Fee
- Limited Availability
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
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.
- Bonuses and Rewards
Card owners enjoy multiple rewards with this card, like the $150 Cash Back when you spend $500 within 90 days after account opening. There is also the 3% cash back on dining (including takeout and deliver), 2% at grocery stores and 1% on all other purchases.
Rewards are earned as points that can be redeemed for cash back, electronics, gift cards, and travel benefits. The travel benefits include car rental insurance, lost baggage insurance, roadside assistance, concierge service, and hotel upgrades.
- No Annual Fee
There is a 0$ 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.
- Zero Fraud Liability Protection
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.
- 0% Intro APR
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.
- No Foreign Transaction Fee
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.
- Contactless Payment
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:
- Limited Availability
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
- Redemption Limits
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?
- 1.
Visit the site at td.com and click on ‘Apply Now' to proceed.
- 2.
Fill in your basic information, including name, phone number, and email. Click ‘Next' to proceed.
- 3.
Now, input your address details and select ‘Next' to proceed.
- 4.
Fill in your social security number and date of birth, then click ‘Next' to continue with your application.
- 5.
Submit your income details and click ‘Next’ to confirm your information.
- 6.
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.
- 7.
You can also add authorized users by providing their names and date of births.
- 8.
Proceed to read the terms and conditions of TD Bank and if you are okay with the rules, click ‘Accept & Continue'.
- 9.
Proceed to read the terms and conditions of TD Bank and if you are okay with the rules, click ‘Accept & Continue'.
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 | 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)
|
Review Rewards Credit Cards
Citi Custom Cash
Chase Freedom Unlimited
Discover It Cash Back
American Express Blue Cash Preferred
Chase Sapphire Preferred
Citi Double Cash
Citi Rewards+
U.S. Bank Altitude Go
Delta SkyMiles Gold American Express
PNC Points Visa
