Are you looking for a credit card that will reward you every time you use it? Some of the TD Bank credit cards, including the TD Cash Back Visa Card, do just that and also offers many other rewards and benefits.
Whether you are a student who wants to apply for your first credit card or a seasoned card user in need of an extra card, the TD Cash Back Visa Card is worth looking at.
For your convenience, we’ve looked online at the basic details of the card, summarized our findings and share it with you. Read on to learn in detail.
Also read: How to Apply for the Costco Anywhere Visa Card
TD Cash Back Visa Card’s Features
With the TD Cash Back Visa Card’s rewards program you earn 1% in cashback on most grocery and gas purchases and even on regularly recurring bill payments from your account.
On all other purchases made with your card, you earn 0.5% cashback. As long as your account is in good standing your cashback money never expires. The features also include automotive benefits.
If you use your card to rent a car with Avis Car Rental or Budget Rent a Car you save a minimum of 10% in Canada and the United States of America. Internationally you might save up to 5%. As a cardholder, you have the option of obtaining TD Auto Club Membership.
This membership covers you 24/7 for emergency roadside assistance. A credit limit of $500 as the minimum is applicable and subject to your available credit limit, an emergency cash advance of up to the full $500 can be used.
Pros and Cons of the TD Cash Back Visa Card
Pros
Apart from the features mentioned above, your TD Cash Back Visa Card has other pros as well. One of the very handy pros is that it provides an easier way to pay online and at retailers.
It allows you to sign up to Visa Checkout for an easier way to pay online, and it gives you access to Visa payWave for a secure, contactless and fast way to pay for purchases at participating retailers.
A security-related pro is that the TD card is protected by Visa’s Zero Liability program. This protects you if unauthorized transactions are made on your card. The card also doesn’t require an annual fee or minimum income. This makes it an excellent choice for a student or someone starting a career.
Cons
The card doesn’t currently offer a welcome spending bonus like many other cards. It also does not have a balance transfer offer. Its low cashback rates are not very competitive in the market. Many other cards offer higher cashback rates.
Also read: The Benefits of a US Bank Credit Card: Rewards, Perks, How to Apply and More
TD Cash Back Visa Card’s Fees
- Sign-up Fee: $0
- Annual Fee: $0
- Interest Rate on Purchases: 19.99% per year.
- Interest Rate on Cash Advances: 22.99% per year.
- APR: On purchases – 12.99%, 17.99% or 20.99%, based on creditworthiness.
- Balance Transfer Rate: $5 or 3% of the transferred amount, whichever amount is greater.
- Cash Advance Fee: $10 or 5% of the advanced amount, whichever amount is greater.
- Cash Withdrawal Fee: $1.25 after the first 25 free withdrawals.
- Foreign Transaction Fee: $0
Credit Card Eligibility
To qualify for a TD Cash Back Visa Card you have to be a Canadian resident and are of the age of majority in your province or territory of residence. In some provinces and territories it is 18 years of age and in others 19. No minimum income is required.
How to Get a TD Cash Back Visa Card?
The easiest way to apply for the card is to visit TD’s website and apply online. Just follow the prompts. You can also phone the bank on 1-855-315-4325 to initiate the application process.
Or you can book an appointment with a banking representative in person at the branch closest to you. You can search on TD’s website for your nearest branch.
TD’s Address and Contact
The Canada head Office of the bank is Toronto-Dominium Centre, Toronto, Ontario, Canada. And the telephone number is 1-855-315-4325.
Also read: Chase Sapphire Reserve – How to Apply for a Credit Card
Conclusion
TD Cash Back Visa Card has some great perks like no annual fee and no minimum income requirement, making it a very inclusive card. However, it offers low cashback rates. Nevertheless, it may be worth your consideration if you are a student or just starting out with your career.
Disclaimer: There are risks involved when using credit card products. Always be sure to read the bank’s terms and conditions page for more information.
