TD Cash Credit Card Review

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TD Cash Credit Card

TD Cash Credit Card

Learn more externa link icon at our partner’s secure site.
Rewards rate:

Earn 3% Cash Back on dining – from casual to fine dining and everything in between. Earn 2% Cash Back at grocery stores. Earn 1% Cash Back on other purchases*

  • Intro bonus: No current offer
  • Annual fee: $0
  • Regular APR: 12.99%, 17.99% or 22.99% (Variable)
  • Recommended credit score: 740-850 (Excellent)

The TD Cash Credit Card offers cash back rewards across everyday spending bonus categories for no annual fee. You’ll earn 3% back on dining (including takeout and delivery), 2% back on grocery store purchases and 1% back on everything else you buy. You can also qualify for a cash welcome bonus and enjoy 0% introductory APR on balance transfers and new purchases. However, this card isn’t available for everyone — you can only apply if you’re a resident of certain states.

At a Glance

  • Earn $150 cash back after spending $500 on purchases within 90 days of account opening
  • Earn 3% back on dining including takeout and delivery
  • Earn 2% back at grocery stores
  • Earn 1% back on everything else
  • Introductory 0% APR on purchases for six billing cycles and 0% APR on balance transfers for 15 billing cycles
  • 12.99%, 17.99%, or 22.99% ongoing variable APR, depending on your creditworthiness
  • No annual fee

Pros

  • Tiered bonus rewards in popular everyday spending categories

  • $150 welcome bonus

  • No annual fee

Cons

  • Only available to residents of certain U.S. states

  • Intro APR offer only applies to new purchases for six billing cycles

  • 3% foreign transaction fee

Additional Card Details

The TD Cash card’s benefits are held back by its limited eligibility. You can only apply for the card if you live in certain areas in the U.S., including the following:

  • Connecticut
  • Washington, D.C.
  • Delaware
  • Florida
  • Massachusetts
  • Maryland
  • Maine
  • North Carolina
  • New Hampshire
  • New Jersey
  • New York
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Virginia
  • Vermont

If you are eligible, you may get some extra value from this card as a new customer if you’re looking to pay down debt or finance a large upcoming purchase. The TD Cash card offers 0% APR on balance transfers for 15 billing cycles. For new purchases, the interest-free window is much shorter, at just six months. Both are followed by an ongoing variable APR of 12.99%, 17.99%, or 22.99% depending on your creditworthiness.

Upon approval, you may be assigned either a Visa Signature or Visa Platinum version of this card. Visa Signature cardholders will be assigned a credit limit of $5,000 or greater, while Visa Platinum cardholders’ credit limits will be under $5,000. Depending on the Visa type you qualify for, you may get a few added perks including travel and purchase protections.

Should You Get this Card?

The TD Cash Credit Card could be a good option if you’re looking for a no annual fee cash back card, and you spend a lot on dining and groceries. Based on average American spending data from the Bureau of Labor Statistics, we estimate this card has a first year value of $396, and an average value of $246 each year after that.

But there are other no annual fee rewards cards that may offer better rewards value for your spending and a higher welcome bonus, such as the Bank of America® Customized Cash Back Rewards Credit Card or Chase Freedom Unlimited®. Look back on your past credit card or bank statements to find where you spend most and which rewards categories best align with your everyday purchases.

The 15-month 0% interest offer on balance transfers also makes this a decent option for paying off high interest debt. If you have some debt to pay off, but you’re looking for a card that will add value to your wallet even after your balance is paid, the combined interest offer and cash back rewards might be a good fit for you. 

Do the math to determine if you’ll be able to pay your balance in full by the end of this intro period, and consider other balance transfer credit cards that may offer lower fees (a 3% balance transfer fee, or $5 minimum applies with the TD Cash card) or a longer intro period.

How To Use the TD Cash Credit Card

Start maximizing your TD Cash card’s rewards value by spending at least $500 in the first three months to qualify for the welcome bonus after you’re approved. 

Then, use this card to pay for any purchases you make in bonus categories to earn 3% on dining and 2% at grocery stores. But keep in mind, the 2% grocery category doesn’t apply for superstores like Walmart or warehouse clubs like Costco. Even if you do your grocery shopping there, you’ll earn 1% on superstore or warehouse purchases.

Your cash back rewards will appear as points in your card account, which you can redeem after reaching at least 2,500. Points are worth 1 cent each, so this amount is equal to $25, which you can redeem for statement credits or direct deposit into a checking or savings account. You may also redeem points for merchandise, gift cards, and travel.

If you’re planning to take advantage of this card’s 0% introductory interest rate to consolidate debt, you’ll want to begin as soon as possible after approval to take advantage of the full 15-month offer on balance transfers. The same applies if you want to use the six-month intro period on new purchases to pay down a large purchase. Both intro periods begin at account opening, so plan ahead to maximize your time and pay off your balance in full.

While you pay down your balance over the 0% introductory interest period, avoid making any new purchases that could disrupt your payment plan or lead you to accrue interest once the period ends. When your ongoing APR does kick in, make sure you pay your balances in full and on time each month to avoid high interest charges, which can quickly outweigh any cash rewards you earn.

TD Cash Credit Card Compared to Other Cards

TD Cash Credit Card

TD Cash Credit Card

  • Intro bonus:
    No current offer
  • Annual fee:
    $0
  • Regular APR:
    12.99%, 17.99% or 22.99% (Variable)
  • Recommended credit:
    740-850 (Excellent)
  • Learn more externa link icon at our partner’s secure site.
Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards credit card

Editor’s Score: (4.3/5)
  • Intro bonus:
    $200
  • Annual fee:
    $0
  • Regular APR:
    13.99% – 23.99% Variable APR on purchases and balance transfers
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.
Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

Bottom Line

EDITORIAL INDEPENDENCE

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

TD Cash Credit Card is a pretty good cash back card, with the added perk of 0% interest for a limited time. Luckily for people who don’t live in a state where this card is available, there are better introductory rates for purchases and balance transfers available today, and plenty of valuable cash back options for everyday spending rewards. 

Even if you live somewhere that makes you eligible for this card, evaluate exactly what you’re looking for in a new credit card — whether maximizing cash back or paying down debt balances — and compare this card with others to find the best fit for you.

Frequently Asked Questions

What credit score do I need for the TD Cash Credit Card?

For the best chances of approval, you’ll need an excellent credit score (at least 740) before applying for the TD Cash Credit Card.

Do TD Cash Credit Card points expire?

Rewards earned with the TD Cash Credit Card never expire as long as your account is open and in good standing. However, you may lose your points immediately if your account is closed due to default. Reasons for default may include bankruptcy or fraudulent activity or misuse associated with your account. If you close your account for other reasons, you’ll have 60 days to use your points.