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Cash back credit cards come in all shapes and sizes; sometimes they have rotating bonus categories, and sometimes they earn a flat cash back rate. The TD Cash Visa® Credit Card is a new offer that has some unique features that really make it stand out. Let’s dive into all of the details to see if this is the right card for you.
- Earn $200 cash back when you spend $1,500 within the first 90 days of account opening*
- 2% cash bonus on dining purchases from your local deli to fast food, coffee shops, casual restaurants and fine dining.
- 1% on all other purchases - no categories or gimmicks - and earn points that never expire*
- 0% introductory APR on balance transfers for 12 billing cycles and 13.49%-23.49% variable APR thereafter; based on creditworthiness.
- There is a 4% balance transfer fee (minimum $10) for each transfer. Minimum balance transfer request amount is $250.1
- Redeem your cash rewards for over 400 options - cash back, electronics, gift cards, travel rewards and more - starting at $25
- No foreign transaction fees
- No annual fee*
What We Like
The TD Cash Visa® Credit Card offers a great sign up bonus for new cardholders; you can earn $200 after spending $1,500 in the first 90 days, which is more than most cash back cards are offering. If you love dining out this, you'll love that this card also offers 2% cash cack on dining. Another great feauture of the TD Cash Visa® Credit Card that you won't find on most cash back cards is that there are no foreign transaction fees. This can save you lots of money if you frequently travel overseas.
What We Don’t Like
One major downside to this card is that outside of your dining purchases, you’ll be stuck with a meager 1% cash back on the majority of your purchases. It's also unfortunate that even though there is no intro APR for purchases and although there is a nice 0% APR on balance transfers for the first 12 billing cycles, cardholders will have to pay a balance transfer fee of 4%, which is a little high compared to other cards. The last drawback of the TD Cash Visa® Credit Card is that it’s not available to everyone; only consumers who reside in DC, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, or Virginia are eligible for this card.
Other Options for Cash Back Rewards:
Citi® Double Cash Card – 18 month BT offer: If you want a card that will give you the best ongoing rewards rate no matter what you purchase, look no further than the Citi Double Cash Card. This cash back card offers 1% when you make a purchase, and another 1% when you pay your bill. There's no limit to how much cash back you can earn and cardholders won't pay an annual fee. The Citi Double Cash also beats because the TD Cash Visa® Credit Card by offering 0% intro APR on balance transfer for 18 months. The ongoing APR is 14.24% - 24.24%* (Variable) based on your creditworthiness.
Discover it® - 18 Month Balance Transfer Offer: The Discover it card allows you to earn 5% cash back for years to come. You won’t earn 5% on all purchases, but you will enjoy the special bonus on popular rotating categories like gas, dining, Amazon.com, and more. For purchases that don’t fall within the 5% categories, you’ll still earn a solid 1% cash back. Furthermore, the Discover it comes with an incredible sign up bonus; Discover will double the cash back that new cardholders earn within their first year!
BankAmericard Cash Rewards™ Credit Card: If you tend to spend a lot on gas and groceries, then you should definitely consider a rewards card that earns extra cash back in those categories. The BankAmericard Cash Rewards™ Credit Card earns 3% back on gas, 2% on groceries/wholesale clubs and 1% on all other purchases. The 3% and 2% categories are limited to the first $2,500 in purchases each quarter, but if you hit that threshold, you’ll still earn 1% back no after that. This card comes with a $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening.
*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.