TD Bank doesn’t get a ton of love in points and miles world, primarily because it has a small portfolio of cards, no transfer partners and welcome offers that are rarely inspiring. That said, there is one TD card that has the potential to be an unsung hero for folks that are looking for cashback.
Image courtesy of TD Bank
TD Cash Current Welcome Offer
| Card Offer |
|---|
$200 Cash Back ⓘ Non-Affiliate $200 cashback after $1,000 spend within first 90 daysNo Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. |
TD Cash Review
There’s not much that’s sexy about the TD Cash card. The welcome offer is usually uninspiring, there’s no great perks to speak of and the card only earns 1% everywhere. So why waste digital ink talking about it? The card’s one superpower is that you can pick one category to earn 3% cashback and each quarter and a second category to earn 2%…and the both are uncapped. The categories that you can choose from are goodies: dining, entertainment, gas, grocery stores and travel. The card has no annual fee either, so for folks that can take advantage of the uncapped rewards in one of those five categories, especially at 3%, it’s worth taking a look.
- Annual Fee: None
- Authorized User Annual Fee: Free
- Foreign Transaction Fee: 3%
- What points are worth: The “earned” by the TD Cash card are worth 1 cent each when redeemed for cashback or statement credits.
- Best Use for Points: Points can be redeemed for cashback, gift cards, merchandise
and travel. However, the value never exceeds 1 cent each, so there’s no reason to do anything but cashback. - Earning Categories:
- When you open the card, you start with 3% cashback on dining and 2% back at Grocery stores.
- 3% back on one spending category of your choice each quarter (uncapped)
- 2% back on a second spending category of your choice each quarter (uncapped)
- Eligible Categories:
- Dining
- Entertainment
- Gas
- Grocery Stores
- Travel
- Eligible Categories:
- 1% everywhere else
- Travel Protections:
- Travel Accident Insurance: Up to $250,000 in the event of accidental death or dismemberment
- Lost Luggage Reimbursement: $3,000 per covered trip ($2,000 for NY residents)
- Purchase Protections:
- Cell Phone Protection: $500/claim, $1000 and 2 claims maximum per rolling 12 months.
- Extended Warranty: One additional year, on eligible warranties of three years or less (US warranties only).
- Damage and Theft Protection: Covers new purchases for 90 days against damage or theft.
- Who’s this card for? Folks that can take advantage of the uncapped 3% category and want cashback.
- Is the TD Cash Card a keeper? It can be. The card has no annual fee and uncapped 3% and 2% categories, so if you’re pursuing cashback, it could be one to have and hold.
TD Cash Pros and Cons
Pros
- Uncapped 3% and 2% cashback categories that can be changed each quarter
- No annual fee
- Provides cell phone, travel and purchase protections
Cons
- 3% foreign transaction fee
- Outside of the 2 elevated categories, it’s 1% everywhere else
Related Cards
TD Bank Business Cards
| Card Offer and Details |
|---|
Up to $750 Cash Back ⓘ Non-Affiliate $250 after $1,500 spend in 90 days, plus 5% cashback everywhere on up to $10K spend within the first 6 monthsNo Annual Fee Earning rate: 3% phone, internet and cable services ✦ 2% dining and gas stations Base: 1% Dine: 2% Gas: 2% Phone: 3% Card Info: Visa issued by TD. This card has no foreign currency conversion fees. |
TD Bank Consumer Cards
| Card Offer and Details |
|---|
No longer available in the US $0 introductory annual fee for the first year, then $95 Earning rate: 2X Aeroplan miles per dollar spent on Air Canada purchases Card Info: Visa Signature issued by TD. This card has no foreign currency conversion fees. |
$200 Cash Back ⓘ Non-Affiliate $200 cashback after $1,000 spend within first 90 daysNo Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Earning rate: ✦ 3% & 2% unlimited cash back on top two spend categories ✦ 1% unlimited cash back on all other eligible purchases Base: 1% Travel: 3% Dine: 3% Gas: 3% Grocery: 3% Other: 3% Card Info: Visa Signature issued by TD. This card has no foreign currency conversion fees. |
25K points ⓘ Non-Affiliate 25K after $3K spend in first 6 billing cycles.$0 introductory annual fee for the first year, then $89 Earning rate: 3X travel & dining Card Info: Visa Signature issued by TD. This card has no foreign currency conversion fees. |
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Con. This is geo-restricted to basically the NE USA, correct?
US Bank Smartly Credit Card has 4% cash back uncapped. Much better!
Can’t beat 4%!
There is a $100k barrier to entry for that one that makes it a leap for many.
It’s also worth noting that you should be aware of how loss of income on that money (if any) is eating into your cash back. If the $100k+ is simply transferring self-directed investments, then it’s most likely a wash.
This is just a copy of what Venmo card has been doing for several year.
unless i’m missing something, why choose this card over a savor card or a citi strata premier that earns 3% on multiple categories instead of just 1?
I wouldn’t choose it over either, especially since I’m looking for transferable points. This isn’t a card for me, personally.
That said , if you’re just looking for cashback anyway, this is no annual fee (unlike the Strata Premier) and has adds the 3% on gas and travel. Also, some folks have a hard time getting new C1 cards.
Even if you had the Savor, you could always add this for 3% on gas and travel with no annual fee, effectively duplication the Savor/Strata combo while saving yourself $95/year.
i need to look into strata and savor , i was looking for something above 2% in non-category, My Citi Costco does better with gas & FT Fees.
Yea Costco 4% on gas, no fee
Freedom Unl is 3x (transferrable > 3%) on dining, no fee
Savor 3x on groceries, no fee
Tim’s point about some having Cap1 issues is valid for groceries but I’m getting 10x right now on my CFU that had a promo. Loving it!