To help consumers fulfill their monetary goals, TD Bank offers a different product line with a variety of bank accounts, credit cards, and more. TD offers three money back credit cards for customers who want to earn cash back on regular purchases. Within the money back roster are two specific credit cards and one business credit cards. The two specific credit cards are the TD Cash Up Visa Infinite* Card and the TD Cash Back Visa* Card. We’ll go over each of the two individual accounts in detail and describe how to use them to make and redeem cash back on this site. Why Choose Cash Up? Cash back credit cards offer a clear and straightforward rewards structure and are a good option for those who do not frequent travel or who do not want to invest time navigating loyalty and rewards programs. With TD’s cash back credit cards, clients earn back between 0.5 % and 3 % on all their everyday purchases. With TD’s cash back credit cards, you can actually receive a rebate on purchases. The accumulated cash back is recorded in your account, making it simple to understand and calculate. TD’s cash back credit cards are a great option if you do n’t travel much, or you’re not interested in learning the ins and outs of a loyalty program or making wise decisions with a fixed-value rewards program. Redeeming TD Cash BackCredit cards Uses You Can Use to Redeem Cash Up With a minimum redemption of$ 25, you can use your cash back to pay down your account at any time. You can also set up your account to automatically do this each January, with no minimum income returning requirement. The TD Cash Back Visa Infinite* Card and the TD Cash Up Visa* Card are the two private cash back credit cards that TD offers at the moment. Credit Cards with TD Cash Up
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Price
$ 350 money again†
$ 382
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Up to 1 % cash back
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Let’s take a look at each card’s details to see if it’s the best option for you because each one has different cash back making rates and benefits. TD Cash Up Visa Infinite* CardThe TD® Cash Back Visa Infinite* Card is TD’s more advanced cash back credit card offering. It comes with favorable money back making rates in important categories and a bonus higher generating rate when you sign up for the account. The fees and eligibility requirements of this card are as follows: Annual fee:$ 139 ( all figures in CAD )
Supplementary customers:$ 50
Minimum income requirement:$ 60, 000 ( personal ),$ 100, 000 ( household )
Projected credit score needed: Great to Excellent
The acquiring costs for the TD® Cash Back Visa Infinite* are great, and they are most notable in normal spend groups such as groceries, gas, and recurring bill payment. The TD® Cash Back Visa Infinite’s * earning rates are as follows: 3 % cash back † on groceries, gas, and recurring bill payments set up on your account † with an annual maximum of$ 15, 000 in spending in each category†
1 % cash back on all other purchases†
Let’s say you spend$ 500 per month on groceries and gas to give you an example of what you can expect from this kind of cash back earning rate. Since these categories earn 3 % cash back with the TD Cash Back Visa Infinite* Card, your$ 500 monthly spend will earn$ 15 in cash back ($ 500 x 3 % =$ 15 ). Your total cash back on these purchases alone would be$ 180 ( 15/month x 12 months ) if you kept this level of spending for a year. As a cash back card, the TD Cash Back Visa Infinite* does n’t come with much in the way of perks, however, it does provide cardholders with one particularly notable benefit. As a TD Cash Back Visa Infinite* card, you can enjoy automated membership in a completely Deluxe TD Auto Club Membership. †This account provides you with emergency road service anyplace in Canada and the continental US, including emergency services names, lockout services, towing, winching, and personal vehicles. On TD’s website, you can learn more about the TD Auto Club. †The TD Cash Back Visa Infinite also offers the standard Visa Infinite* Concierge services†, which you can use to help make travel or lifestyle bookings. Cardholders who are under 65 years old can also benefit from the card’s modest insurance coverage when traveling. The TD Cash Back Visa Infinite* provides emergency medical insurance for 10 days for cardholders under 65 years old and for four days for those over 65. This coverage is for up to$ 2, 000, 000 per person. Additionally, the card comes with rental car insurance on vehicles with an MSRP of up to$ 65, 000 and baggage delay and loss insurance of$ 1, 000 per person. †Additionally, the TD Cash Back Visa Infinite* Card will double the manufacturer’s warranty up to one additional year, as well as provide 90 days of purchase protection † for eligible purchases made on the card. Full details about the card’s insurance coverage can be found on TD’s website. TD Cash Back Visa Infinite* CardEarn 10 % cash back † in the first three months, on up to$ 3, 500 spent on eligible groceries, gas, and recurring bills set up on your account†
Then, earn 3 % cash back† on eligible groceries, gas, and recurring bill payments set up on your account†
Free Deluxe TD Auto Club Membership for roadside assistance†
Minimum income:$ 60, 000 personal or$ 100, 000 household
Annual fee:$ 0 for the first year†, then$ 139
Application must be approved by June 3, 2024 to receive this offer
TD Cash Back Visa* CardThe TD® Cash Back Visa * Card is TD’s entry- level, no- annual- fee cash back credit card offering. This card is a great choice for someone who wants to earn a little cash back without having to pay a fee each year. This card has the following fees and eligibility requirements: Annual fee:$ 0.
Supplementary cardholders:$ 50
Minimum income requirement: N/A
Estimated credit score needed: N/A
The TD® Cash Back Visa* has significantly lower earning rates than the TD Cash Back Visa Infinite*, which is not surprising given that this card has no annual fee and no minimum income requirement. The TD® Cash Back Visa’s * earning rates are as follows: 1 % cash back on groceries, gas, and recurring bill payments, with a maximum of$ 5, 000 spent per year for gas and groceries combined, and a maximum of$ 5, 000 for recurring bill payments
0.5 % cash back on all other purchases†
Let’s take a second to look at the above example to demonstrate the cash-back potential of this credit card. If you were to spend$ 500 per month on gas and groceries, you would earn$ 5 cash back per month with TD Cash Back Visa ($ 500 x 1 % =$ 5). Over the course of one year of identical spending, you would earn a total of$ 50 cash back ($ 5/month x 10 months ) since the rate of 1 % cash back is only available for a maximum spend of$ 5, 000 per year for gas and groceries combined ($ 500/month x 10 months =$ 5, 000 ). With the TD Cash Back Visa* Card, you can save up to 1 % on purchases made on groceries. As you might expect, the TD Cash Back Visa* card does n’t offer much in the way of additional benefits or insurance protection. In terms of benefits, TD Cash Back Visa* cardholders save at least 10 % off base rates on Avis and Budget car rentals when renting outside of Canada and the US, and they also save at least 5 % when renting elsewhere in the world. Additionally, for insurance coverage, the card provides 90 days of purchase protection, and offers double the manufacturer’s warranty, up to one additional year, on purchases made with the card. Visit TD’s website for full details about the benefits and insurance plans that come with the TD Cash Back Visa*. TD Cash Back Visa* CardEarn 1 % cash back†on eligible grocery and gas purchases, as well as recurring bill payments set up on your account†
Then, earn 0.5 % cash back † on all other eligible purchases †
No minimum income requirement
Annual fee:$ 0
ConclusionTD Bank offers two cash-back credit cards that make it possible for you to receive cash back on your regular purchases. Making it simple and straightforward to earn a little extra money off of your spending, the accumulated cash back can be easily redeemed for statement credits on your credit card account. If you do n’t do much travelling, or if you’re just looking for a simple earning structure, a TD Cash Back credit card could be worth adding to your wallet. If I do n’t use TD, can I still have a TD Cash Back credit card? Yes, you can. Simply look for TD as a payee in your online banking’s bill payment feature and then include your TD credit card number as the account number when paying your TD Cash Back credit card bill without a TD bank account. How can I get my cash back back? By logging into your account on TD’s website or mobile app, you can easily recoup cash back, with a minimum deposit of$ 25. Does my cash back expire? No. As long as your account is current and in good standing, your accumulated cash back wo n’t expire.
