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TD Cash Credit Card Review
The TD Cash Credit Card offers flexible cash back, allowing you to select your 3% and 2% spending categories each quarter from dining, entertainment, gas, grocery stores and travel. All other purchases earn 1% cash back. When you sign up for the card, you can earn a $200 cash bonus after spending $500 within the first 90 days of opening an account.
There’s no annual fee, and you can get a 15-month 0% introductory annual percentage rate on balance transfers. The card offers benefits including cellphone protection, extended warranty protection and purchase security.
- Issuer NameTD Bank
- Annual Fee$0
- Regular APR19.74%, 24.74% or 29.74%
- Balance Transfer Fee$5 or 3% of the amount of each transfer, whichever is greater
- Cash Advance FeeEither $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign Transaction Fee3%
- Want to earn cash back with no annual fee
- Can use the 15-month 0% introductory annual percentage rate on balance transfers
- Can plan your quarterly spending to match the highest-earning rewards categories
Aligning your cash back earning with your top spending categories is a great way to make the most out of the TD Cash Credit Card. Each quarter, you can choose your 3% and 2% spending categories each quarter from dining, entertainment, gas, grocery stores and travel. All other purchases earn 1% cash back. It can pay off if you know where you’ll spend the most in that quarter and select the right categories to earn elevated cash back.
Earning the $200 cash bonus is another way to get value out of this card. You’ll need to spend $500 within the first 90 days of opening an account to get the bonus.
If you plan to use the 15-month 0% introductory annual percentage rate on balance transfers, do the math to make sure you can pay off your balance before the introductory rate expires. You can just divide the balance by 15 to calculate how much you’ll need to pay each month to clear the balance in time.
With cardholder protections, it can make sense to use the TD Cash Credit Card for purchases you’d like to protect. For example, if you pay your monthly cellphone bill with the TD Cash Credit Card, you’ll get cellphone protection that provides reimbursement if your phone is stolen or damaged. The card also offers extended warranty protection up to one year, so you can use this card to purchase items you’d like an additional warranty on.
Editor’s Take
The TD Cash Credit Card offers value if you can map out your spending each quarter and want to take advantage of the cardholder protections. These cardholder benefits are good for a card with no annual fee.
This card is helpful if you need to pay off high-interest debt, as you can use the 15. Also, the sign-up bonus can give you a quick $200 cash bonus after you spend $500 within the first 90 days of opening an account.
While it’s nice to customize your cash back earnings each quarter, the Citi Custom Cash® Card does it more seamlessly than the TD Cash Credit Card. With the Citi Custom Cash® Card, you’ll automatically earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter with no annual fee. (See Rates & Fees)
Jessica MerrittContributor
You can earn $200 cash bonus when you spend $500 within the first 90 days of opening an account.
The fastest way to earn rewards with the TD Cash Credit Card is with the sign-up bonus, which requires spending $500 within the first 90 days of opening an account to get $200 cash bonus. Each quarter, you’ll choose your 3% and 2% spending categories each quarter from dining, entertainment, gas, grocery stores and travel. All other purchases earn 1% cash back. It’s helpful to know which of the five bonus categories you’re likely to spend the most in each quarter, so consider your expenses and any forthcoming big-ticket purchases before you select your categories.
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