TD Cash Credit Card Review
For a limited time earn 5% cash back on gas with the TD Cash Credit Card plus a $150 cash back bonus (when you spend $1,000 on eligible purchases in the first 90 days of opening your account). On an ongoing basis, choose your top two spend categories to earn unlimited 3% and 2% cash back. Earn unlimited 1% cash back on all other eligible purchases.
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TD Cash Credit Card
- Rewards
- Earn 5% cash back on gas station purchases as well as 3% and 2% Cash Back on your choice of spend categories. Plus, you can switch your categories quarterly. Earn 1% Cash Back on all other eligible purchases
- Welcome Bonus
- Limited Time Offer: Earn 5% Cash Back on gas with the TD Cash Credit Card plus a $150 Cash Back bonus.
- Annual Fee
- None
Key Features
- Limited Time Offer: Earn 5% Cash Back on gas with the TD Cash Credit Card plus a $150 Cash Back bonus.
- Earn $150 Cash Back when you spend $1,000 on eligible purchases within the first 90 days of opening your account.
- 5% cash back on gas station purchases for six months or up to $6,000 in spend, whichever comes first.
- Choose your top two spend categories to earn unlimited 3% and 2% Cash Back. Earn unlimited 1% Cash Back on all other eligible purchases.
- Switch spend categories up to four times a year.
- No annual fee
- Contactless Payments/Digital Wallet
- Instant credit card replacement
- Must be a resident of CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA or VT.
Editor Analysis:
- New cardmembers can earn a limited time offer of 5% cash back on gas and a bonus of $150 cash back when you spend $1,000 in the first 90 days of opening the account.
- Choose your top two spend categories to earn unlimited 3% and 2% cash back, plus you can switch your categories quarterly.
- Earn unlimited 1% cash back on all 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.
Whether you’re heading to a restaurant for a night out or grabbing something to go, you’ll want to have the CardName 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 CardName can choose their top two spend categories to earn unlimited 3% and 2% cash back. Additionally, earn unlimited 1% cash back on all other eligible purchases. You can switch your top spend categories up to four times a year.
For a limited time, new cardholders can also take advantage of 5% cash back on gas and a one-time bonus offer of $150 cash back once you spend $1,000 in purchases within 90 days of opening your account.
HOW TO REDEEM CASH BACK WITH THE TD CASH CREDIT CARD
You can redeem your CardName 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 CardName 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 CardName.
POTENTIAL DOWNSIDES OF THE TD BANK CREDIT CARD
While the CardName 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 CardName 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
CardName vs. CardName
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Both cards have no annual fee, but that’s where the similarities end. CardName 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 when you spend $1,000 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.
CardName vs. CardName
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Both cards have no annual fee and both offer new cardholder bonuses, though they differ. The CardName bonus offers cardholders unlimited 1.5% cash back on every purchase, compared to the TD Cash Credit Card which offers 5% cash back on gas station purchases as well as 3% and 2% cash back on your choice of spend categories (plus you can switch your categories quarterly), and 1% cash back on all other eligible purchases.
The CardNamed, like the TD Cash Credit Card, offers tiered categories for earning cash back but are slightly more and include 6.5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on Chase travel; 3% cash back on drugstore purchases and dining; and unlimited 1.5% cash back on all other 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 CardName 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.
Our Methodology
Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included 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. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.
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.
