TD Cash Credit Card Review

Earn $150 cash back when you spend $500 within 90 days after account opening and on an ongoing basis, 3% cash back on dining and 2% cash back at grocery stores.
By Amber Stubbs  Managing Editor  | Updated

TD Cash Credit Card

TD Cash Credit Card
Our Rating:   
Excellent, Good

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 eligible 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.
Terms and Limitations Apply.

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 eligible purchases.

New cardholders can also take advantage of a one-time bonus offer of $150 cash back once you spend $500 in purchases within 90 days of opening your account.

Top Features

 Cash Back on Gas
Earn 1% Cash Back on all other eligible purchases
 Cash Back on Groceries
Earn 2% Cash Back at grocery Stores
 Cash Back on Other
Earn 3% Cash Back on dining - including takeout and delivery

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. 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 good to excellent credit score 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 12 billing cycles after account opening for balance transfers. After that, 15.24%, 20.24% or 25.24% 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:

Current Scores Past 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. 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, though they differ. The Chase Freedom Unlimited® bonus offers cardholders and extra 1.5% cash back on every purchase (up to $20,000 spent) during the first year for a value of up to $300 cash back, compared to the TD Cash Credit Card which offers $150 cash back for spending $500 over the first three months.

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

Cash Back on Gas
Earn 1% Cash Back on all other eligible purchases 
Cash Back on Gas
Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments. 1% cash back on eligible purchases right away. 2% - 10% cash back at select merchants. 
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 all other purchases. 
Cash Back on Gas
1% when you buy plus 1% as you pay 
Cash Back on Groceries
Earn 2% Cash Back at grocery Stores 
Cash Back on Groceries
Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments. 1% cash back on eligible purchases right away. 2% - 10% cash back at select merchants. 
Cash Back on Groceries
6% at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) 
Cash Back on Groceries
1.5% cash back on all other purchases. 
Cash Back on Groceries
1% when you buy plus 1% as you pay 
Cash Back on other
Earn 3% Cash Back on dining - including takeout and delivery 
Cash Back on other
Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments. 1% cash back on eligible purchases right away. 2% - 10% cash back at select merchants. 
Cash Back on other
1% Cash Back on other purchases. 
Cash Back on other
1.5% cash back on all other purchases. 
Cash Back on other
1% when you buy plus 1% as you pay 
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Terms and Limitations Apply

Disclaimer: The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author\'s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

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