TD Cash Credit Card Review

By Amber Stubbs  Managing Editor  | Updated

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TD Cash Credit Card

TD Cash Credit Card
Our Rating:   
Excellent, Good
on TD Bank's secure website

CardRatings Editor's Analysis: Pros & Cons

  • New cardmembers can earn a bonus of $150 cash back when you spend $500 in the first 90 days of opening the account.
  • Earn 3% cash back on dining, including on takeout and delivery.
  • You can also earn 2% cash back at grocery stores and 1% cash back on other purchases.
  • There is a foreign transaction fee of 3% so it isn’t the best card to use for traveling or if you need to make purchases abroad.

Whether you're heading to a restaurant for a night out or grabbing something to go, you'll want to have the TD Cash Credit Card in your wallet. Cardholders can rack up points to earn cash back on dining, grocery store purchases and more. Points earned are converted to cash back. Plus, as long as your account is in good standing, there are no caps and no limits to what you can earn.

TD BANK CREDIT CARD REWARDS

Cardholders of the TD Cash Credit Card can earn 3% cash back on dining - including takeout and delivery, as well as 2% cash back at the grocery store and 1% cash back on other purchases.

New cardholders can also take advantage of a one-time bonus offer to earn 15,000 bonus points that can be redeemed for $150 once you spend $500 in purchases within 90 days of opening your account.

Each TD Cash Credit Card cash back reward is worth 1 cent per point when redeemed for cash back, gift cards or travel. Cardholders earn three points for each $1 dining purchase, two points for each $1 grocery store purchase and one point for each dollar of other purchases. For example, 20,000 points are redeemable for $200 cash back. It's important to note purchases made at superstores and/or warehouse clubs may only earn 1% cash back regardless of what category those purchases fall under.

Top Features

 Cash Back on Gas
1%
 Cash Back on Groceries
2%
 Cash Back on Other
1%

HOW TO REDEEM CASH BACK WITH THE TD CASH CREDIT CARD

You can redeem your TD Cash Credit Card cash back rewards when you've accumulated at least $25 (2,500 points) in cash back rewards as either a statement credit or direct deposit. The redemption value for other reward options including merchandise, gift cards and travel may be worth more or less or not be assigned a dollar value.

You can redeem cash back rewards for travel, including airline tickets, hotel accommodations and car rentals through TD Bank's Rewards Program Website. Your rewards can be used even if you don't have enough to purchase, for example, the entire ticket. If that's the case you can apply your rewards to pay for a portion of it and pay the balance with your account.

Your cash back rewards won't expire and there is no limit to the amount you can earn, as long as your account remains open and in good standing.

TD BANK CREDIT CARD APPROVAL SCORE

The TD Cash Credit Card is best for cardholders with excellent credit. While TD doesn't specify the exact number you'll need to qualify, expect to have a credit score of 750 or above to be approved for this card.

TD BANK CASH CREDIT CARD ANNUAL FEE

There is no annual fee for the TD Cash Credit Card. New cardholders can take advantage of a 0% introductory APR for the first six billing cycles after account opening. After six months the APR increases to 12.99%, 17.99% or 22.99% variable APR based on your creditworthiness .

If you are transferring a balance, you can take advantage of a 0% introductory APR balance transfer option for the first 15 billing cycles after account opening for balance transfers. After that, 12.99%, 17.99% or 22.99% variable APR based on your creditworthiness .

POTENTIAL DOWNSIDES OF THE TD BANK CREDIT CARD

While the TD Cash Credit Card is a solid choice if you're looking to earn cash back rewards, there are three notable disadvantages: foreign transaction fees, balance transfers and a little bit of geography.

Where you live matters: Only residents in a very limited number of states are eligible for card membership. If you don't live in one of these states, this card is not for you: Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and Washington, D.C.

Foreign transaction fees: If you are a frequent international traveler, the TD Cash Credit Card is not the best card to have in your wallet. With foreign transaction fees of 3% of each transaction in U.S. dollars on purchases made while traveling abroad, you may want to look for a card better suited to your needs.

TD CASH CREDIT CARDHOLDER SCORES

CardRatings conducts a survey annually to learn what actual cardholders think of their cards. Here are the results:

2020 Scores 2019 Scores
Overall Score 75.2 82.3
Rewards Program Satisfaction 7.5 8.3
Customer Service 7.5 8.4
Website/App Usability 7.5 8.1
Likelihood of Continuing to Use 7.9 8.6
Recommend to a Friend/Colleague 7.5 7.9

HOW THE TD CASH CREDIT CARD COMPARES TO OTHER CASH REWARDS CARDS

TD Cash Credit Card vs. TD® Aeroplan® Visa® Credit Card

While the TD Cash Credit Card is perfect for those who like to dine out, the TD® Aeroplan® Visa® Credit Card is the perfect companion for the avid traveler. The TD® Aeroplan® Visa® Credit Card has an annual fee $95 ($35 each additional cardholder) compared to the TD Cash Credit Card which has no fee, but the perks are worth it if you do a lot of travel. Plus, it is the lowest annual fee of the TD Aeroplan cards.

The TD® Aeroplan® Visa® Credit Card offers a welcome bonus the TD Cash Credit Card can't really touch — 20,000 Aeroplan points (10,000 when you make your first purchase with your new card and 10,000 when you spend $1,000 in the first 90 days of opening your account).

Also, TD Aeroplan cardholders earn one Aeroplan point for every $1 spent on eligible gas, grocery and Air Canada® purchases (including Air Canada® vacations). You also earn one point for every $1.50 spent on all other purchases. Additionally, there is an offer to earn points twice when you pay with your card and provide your Aeroplan number with eligible partners and retailers in the Aeroplan eStore.

You can redeem your points for flights, hotels and car rentals, as well as for merchandise, experiences and gift certificates. With both cards, points earned do not expire as long as your account is in good standing.

The TD Aeroplan card also comes with travel benefits such as emergency travel assistance services, delayed and lost baggage insurance and trip delay insurance.

TD Cash Credit Card vs. Capital One Quicksilver Cash Rewards Credit Card

Both cards have no annual fee, but that's where the similarities end. Capital One Quicksilver Cash Rewards Credit Card has no foreign transaction fees when making purchases outside of the United States compared to TD Cash Credit Card's foreign transaction fee of 3% of each transaction.

Quicksilver cardholders earn 1.5% cash back on all purchases compared to the TD Cash Credit Card which offers varying percentages back based on your purchase category.

Also, both cards offer new cardholder bonuses. The Quicksilver card offers new cardholders a one-time $200 cash bonus once they spend $500 on purchases within three months of account opening compared to TD Cash Credit Card's $150 cash back bonus when you spend $500 in the same time period.

There is no minimum for redeeming your rewards with Quicksilver from Capital one, but with the TD Cash Credit Card you can't redeem them until you've accrued 2,500 points.

TD Cash Credit Card vs. Chase Freedom Unlimited®

Both cards have no annual fee and both offer new cardholder bonuses. The Chase Freedom Unlimited® bonus is a little higher with the chance to earn $200 cash back once you've spent $500 within three months of opening your account, compared to the TD Cash Credit Card which offers $150 for spending $500 over the same time period.

The Chase Freedom Unlimited®d, like the TD Cash Credit Card, offers tiered categories for earning cash back but are slightly more and include 5% cash back on travel purchased through the Chase Ultimate Rewards® portal, 3% cash back at restaurants, 3% on drugstore purchases and 1.5% on all other eligible purchases.

Foreign transaction fees will get you if you frequently travel abroad. Both cards charge 3% of the amount of each transaction in U.S. dollars for those transactions.

WHO SHOULD GET THE TD CASH CREDIT CARD?

If you have excellent credit and you live in one of the states that qualifies for cardmembership, the TD Cash Credit Card might be a good card for you, especially if your spending falls into the dining and grocery store categories. Plus, keep in mind that you earn cash back on takeout and delivery, which isn't always an option with dining and food rewards. However, if you frequently travel outside of the U.S., you should consider a travel rewards card with more perks and no foreign transaction fee.


Survey Methodology: CardRatings commissioned Op4G in September and October 2020 to conduct surveys among 1,746 cardholders nationwide. CardRatings website analytics from Jan. 1, 2020-Aug. 31, 2020 were used to determine a selection of the most popular cards and additional cards were added to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents' scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted.

TD Cash Credit Card Compared to Other Cash back Cards

Apply online for Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express
Apply online for Chase Freedom Unlimited®
Chase Freedom Unlimited®
Apply online for Citi<sup>®</sup> Double Cash Card - 18 month BT offer
Citi® Double Cash Card - 18 month BT offer
Cash Back on Gas
1% 
Cash Back on Gas
3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 
Cash Back on Gas
1.5% 
Cash Back on Gas
1% when you buy plus 1% as you pay 
Cash Back on Gas
1.5% 
Cash Back on Groceries
2% 
Cash Back on Groceries
6% at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) 
Cash Back on Groceries
N/A 
Cash Back on Groceries
1% when you buy plus 1% as you pay 
Cash Back on Groceries
1.5% 
Cash Back on other
1% 
Cash Back on other
1% cash back on other purchases 
Cash Back on other
1.5% 
Cash Back on other
1% when you buy plus 1% as you pay 
Cash Back on other
1.5% 

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