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TD Cash Credit Card Review

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TD Cash Credit Card
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TD Cash Credit Card
Editor’s Score: (3.7/5)
Learn more externa link icon At our partner’s secure site.
TD Cash Credit Card
Editor’s Score: (3.7/5)
  • Intro offer:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    12.99%, 17.99% or 22.99% (Variable)
  • Recommended credit score:
    740-850 (Excellent)
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*

NextAdvisor’s Take

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
  • Few added benefits
  • 3% foreign transaction fee
The Bottom Line
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.

Additional Card Details

  • 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
  • 0% APR on balance transfers for 12 billing cycles
  • 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

TD Cash Credit Card Full Review

Card Type

The TD Cash Credit Card is a cash back card with tiered bonus categories

Annual Fee

The TD Cash Credit Card has no annual feel. 

Welcome Offer

You can earn $150 cash back after spending $500 on purchases within 90 days of account opening. 

There’s also an introductory 0% APR on balance transfers for 12 billing cycles after account opening (variable 12.99%, 17.99%, or 22.99% APR thereafter).. 

Rewards

The TD Cash Credit Card offers tiered bonus rewards in a few everyday categories. You’ll earn unlimited 3% cash back on dining (including takeout and delivery), 2% cash back at grocery stores, and 1% cash back on everything else. 

Fees 

This card’s APR is a variable 12.99%, 17.99%, or 22.99%. There is no annual fee.

If you choose to transfer a balance, you’ll pay a 3% ($5 minimum) fee. Any late or returned payments will take on penalty fees up to $40, and you’ll pay a 3% foreign transaction fee for any purchases made abroad.

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 12-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.

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

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TD Cash Credit Card

TD Cash Credit Card

Editor’s Score: (3.7/5)
  • Intro offer:
    N/A
  • 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
Learn More externa link icon
Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards credit card

Editor’s Score: (4.3/5)
  • Intro offer:
    $200
  • Annual fee:
    $0
  • Regular APR:
    14.74% – 24.74% 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
Learn More externa link icon
Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

Editor’s Score: (4.1/5)

EDITORIAL INDEPENDENCE

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

Is the TD Cash Credit Card Right for You?

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 12-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.

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.