TD Cash Credit Card Review

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 purchases. You can switch your top spend categories up to four times a year.

New cardholders can also take advantage of a one-time bonus offer of $200 cash back once you spend $500 in purchases within 90 days of opening your account.

FEATURED CARD

 

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• Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
• $0 intro annual fee for the first year, then $95.
• Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
• Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%. Variable APRs will not exceed 29.99%.
• 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
• 6% Cash Back on select U.S. streaming subscriptions.
• 3% Cash Back at U.S. gas stations.
• 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
• 1% Cash Back on other purchases.
• Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
• Get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That's $10 in statement credits each month. Enrollment required.
• Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.
• Terms Apply.

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See Rates and Fees

Terms and Limitations Apply

Credit Needed:

Good, Excellent

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:

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 $200 cash back 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.

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 $200 cash back for spending $500 over the first three months.

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.

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.