TD Cash Credit Card Review
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Written by
Karen Doyle
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Edited by
Emily Gadd
The TD Cash Credit Card is a flexible cash back Visa card that allows you to choose the categories you earn an elevated rate in. It also offers a an introductory APR on purchases and balance transfers and a welcome bonus. There is a short list of states you must live in to qualify so make sure you confirm your state is on that list.
Purchase and Balance Transfer APR
0% introductory APR on purchases and balance transfers for the first 15 billing cycles after account opening. After that a 19.24%, 24.24% or 29.24% variable APR based on your creditworthiness.
Intro Bonus
Earn $200 Cash Back when you spend $1,000 within the first 90 days after opening your account.
Cash Back
1% – 3% Earn 3% and 2% Cash Back on your choice of Spend Categories. Plus, you can switch your categories quarterly. Earn 1% Cash Back on other purchases.
Recommended Credit Score
Good – Excellent
670 – 850*
Annual Fee
$0
CardCritics™ Opinion
The TD Cash Credit Card is a good choice for people who are serious about paying off high interest balances and then not carrying a balance. The card gives you a decent Intro APR on purchases and balance transfers.
Our Critical Analysis:
TD Cash Credit Card
- Intro APR on purchases and balance transfers
- Choose your 2% and 3% cash back categories
- No annual fee
PROS
- Only residents of certain states qualify
- Welcome bonus is smaller than average
CONS
Rewards
The TD Cash Credit Card has some good rewards, that are especially appealing to cash back seekers that prioritize flexibility.
You get 3% cash back on a spending category you choose each quarter, and 2% cash back on a different category you choose. You will earn 1% back on everything else.
When you get your card, you get 3% cash back on dining and 2% cash back at grocery stores. Then, each quarter, you can choose a different category or keep the same ones.
You’ll always get 3% cash back on one category, 2% cash back on a different category and 1% cash back on everything else. The categories you can choose from are:
- Dining
- Entertainment
- Gas
- Grocery stores
- Travel
Welcome Bonus
When you charge $1,000 in purchases in the first three months on your TD Cash Credit Card, you’ll earn $200 cash back.
Intro APR Benefits
If you’re carrying a balance on a high-interest credit card, you might be interested in this card. You’ll get 0% introductory APR on balance transfers for the first 15 billing cycles after account opening with the TD Cash Credit Card. So, you can transfer those high-rate balances and pay them off much more quickly and cheaply. Be sure you don’t rack up more charges you can’t pay off, though. You will also get 0% introductory APR on purchases for the first 15 billing cycles after account opening and the interest rate on purchases and balance transfers after the intro APR period ends is 19.24%, 24.24% or 29.24% variable APR based on your creditworthiness.
Fees
The TD Cash Credit Card has no annual fee.
Additional Benefits
There are a handful of Visa benefits like cell phone protection when you pay your monthly mobile bill with your card, travel benefits, and entertainment benefits. You can find all of the terms and details by clicking the ‘Apply Now’ button.
What Makes the Card Stand Out
The flexiblity to choose the categories you earn elevated cash back in is a stand out feature that. most cards don’t offer. If you have high-interest rate balances on other cards that you are determined to pay off this card is also a decent option.
Is It the Right Card For You?
The TD Cash Credit Card may be the right fit for you if any of the following apply:
- You don’t plan to carry a balance
- You have high-interest balances on other cards that you want to transfer and pay off
- You don’t want to pay an annual fee
- You want to earn higher cash back rewards in specific spending categories
- You will spend a lot on gas in the next 6 months
- You live in one of the states that qualifies for this card.
Card Details From TD Bank
- NEW AND IMPROVED: 0% intro APR on balance transfers and purchases for the first 15 billing cycles after account opening. After that, 19.24% – 29.24% variable APR based on your credit worthiness.
- Special Offer: Earn $200 Cash Back when you spend $1,000 within the first 90 days after opening your account.
- Earn 3% and 2% Cash Back on your choice of Spend Categories. Plus, you can switch your categories quarterly. Earn 1% Cash Back on other purchases.
- Switch spend categories up to four times a year.
- No annual fee
- Contactless Payments/Digital Wallet
- Instant credit card replacement
- Must be a resident of CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA or VT.
Frequently Asked Questions
What credit score is needed for the TD Cash Credit Card?
The TD Cash Credit Card requires good to excellent credit. Typically a FICO credit score of 670 or above meets this criteria. However, having a credit score of 670 or above does not guarantee approval since other factors are taken into consideration.
Does the TD Cash Credit Card charge an annual fee?
No. The TD Cash Credit Card does not charge an annual fee.
Does the TD Cash Credit Card charge a foreign transaction fee?
Yes. The TD Cash Credit Card charges a 3% foreign transaction fee.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics™ references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.
