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TD Cash Visa Credit Card Review

TD Cash Visa Credit Card Review

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Sep 08, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you spend a good amount on dining and groceries each month, the TD Cash℠ Credit Card offers a competitive rewards rate on food purchases, as well as a sign-up bonus that’s worth $150 in cash back and a generous intro APR rate on purchases and balance transfers.

We review the benefits and drawbacks of the TD Cash℠ Credit Card, and show how it compares to the Capital One® SavorOne® Cash Rewards Credit Card.

TD Cash℠ Credit Card pros

Sign-up bonus. New cardholders can earn $150 cash back when you spend $500 in the first 90 days. Because rewards are technically earned in the form of points and are worth 1 cent each when redeemed for cash back, that’s equivalent to 15,000 bonus points.

In addition to cash back, rewards can be redeemed for gift cards, merchandise or travel.

Rewards rate. Cardholders can earn 3% cash back on dining, 2% cash back at grocery stores and 1% cash back on all other eligible purchases.

Note, groceries purchased from superstores and/or warehouse clubs may not qualify for the higher cashback rate. Additionally, gift card and gift card reload purchases are not eligible.

Intro APR on purchases. If you want to finance a large purchase and pay it off over time, you can do so interest free for more than a year. The card offers a 0% Introductory APR for the first 15 billing cycles on purchases. After that, an ongoing APR of 14.49%, 19.49% or 24.49% variable will apply.

Intro APR on balance transfers. If you have high-interest credit card debt that you want to transfer, the TD Cash℠ Credit Card also offers a 0% Introductory APR for the first 15 billing cycles on balance transfers. Once the promotional period ends, you will be subject to interest charges at an APR of 14.49%, 19.49% or 24.49% variable on any remaining balance.

Annual fee. The TD Cash℠ Credit Card charges a $0 annual fee.

Additional TD Cash℠ Credit Card benefits:

  • Foreign transaction fees: None. You will not be charged foreign transaction fees if you use your card to make purchases outside of the U.S.
  • Digital wallet. Simplify online, in-store and in-app purchases by adding your card to your mobile device.
  • Visa zero liability. You will not be held responsible for unauthorized charges if your card is lost, stolen or fraudulently used.
  • Instant card replacement. Receive an immediate replacement at a TD Bank if your card is lost or stolen.

TD Cash℠ Credit Card cons

Eligibility requirements. To apply for the TD Cash℠ Credit Card, you must reside in one of the following states: Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and District of Columbia.

Rewards rate on general purchases. Because the TD Cash℠ Credit Card only offers 1% cash back on purchases outside of dining and groceries, you may be better off with a card that offers a higher rate in popular spending categories, such as travel and gas.

Rewards redemption minimum. If you want to redeem rewards for cash back as a statement credit or direct deposit to a checking or savings account, you have to wait until you have accumulated at least 2,500 points (or $25 in cash back).

Balance transfer fee. While the TD Cash℠ Credit Card offers a long intro APR on balance transfers, you will be subject to a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater (minimum balance transfer amount of $250). For example, if you transfer a balance of $5,000, you will be charged a balance transfer fee of $150.

Credit Cards With No Balance Transfer Fee

Compare it to the Capital One® SavorOne® Cash Rewards Credit Card

If you want to earn rewards on food purchases from a $0 annual fee card, but don’t live in one of the states listed above, the Capital One® SavorOne® Cash Rewards Credit Card may be a better option. Unlike the TD Cash℠ Credit Card, the Capital One® SavorOne® Cash Rewards Credit Card accepts applicants from all 50 U.S. states, District of Columbia and U.S. military locations.

Additionally, the Capital One® SavorOne® Cash Rewards Credit Card offers 3% cash back on dining; 3% cash back on entertainment; 2% cash back at grocery stores; 1% cash back on all other purchases; Plus, earn 3% cash back on select streaming services through Dec. 31, 2020.

Cash back can be redeemed for statement credits, checks, gift cards or previous purchases.

Capital One Savor, SavorOne Credit Card Sign-up Bonus

See how the two cards stack up side by side below.

TD Cash℠ Credit Card vs. Capital One® SavorOne® Cash Rewards Credit Card

 TD Cash℠ Credit CardCapital One® SavorOne® Cash Rewards Credit Card
Annual fee$0$0
Sign-up bonusEarn $150 Cash Back when you spend $500 in the first 90 days.Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
Rewards rateEarn 3% Cash Back on dining, 2% Cash Back at grocery stores and 1% Cash Back on all other eligible purchases.3% Cash Back on dining; 3% Cash Back on entertainment; 2% Cash Back at grocery stores; 1% Cash Back on all other purchases; Plus, 3% cash back on select streaming services through Dec. 31, 2020
Intro APR on purchases0% Introductory APR for the first 15 billing cycles, then 14.49%, 19.49% or 24.49% variable0% intro on purchases for 15 months, then 15.49% - 25.49% (variable)
Intro APR on balance transfers0% Introductory APR for the first 15 billing cycles, then 14.49%, 19.49% or 24.49% variableN/A, then 15.49% - 25.49% (variable)
Foreign transaction feesNoneNone

Along with earning cash back on entertainment purchases, including movie theater tickets, amusement parks, tourist attractions, zoos, bowling alleys and more, and select streaming services, the Capital One® SavorOne® Cash Rewards Credit Card offers more robust benefits than the TD Cash℠ Credit Card.

For example, Capital One® SavorOne® Cash Rewards Credit Card holders receive travel accident insurance, extended warranty, complimentary concierge service, 24-hour travel assistance services, instant purchase notifications, access to exclusive events, virtual card numbers and account alerts from Eno, access to your credit report through CreditWise and more.

Capital One® SavorOne® Cash Rewards Credit Card Review

Which credit card is best for me?

The TD Cash℠ Credit Card and the Capital One® SavorOne® Cash Rewards Credit Card are both great options for foodies who want a $0 annual fee card and a long intro APR on purchases.

Best Dining Credit Cards

But if you also want to earn rewards on entertainment and select streaming service purchases, as well as access to more extensive benefits, the Capital One® SavorOne® Cash Rewards Credit Card may be a better fit.

Also, keep in mind you must reside in one of the states listed above to be eligible to apply for the TD Cash℠ Credit Card.


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