Credit Cards Credit Card Reviews

TD Cash Credit Card Review

overall rating
4.5

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The TD Cash card, a Visa card, offers tiered rewards on dining and grocery spending, as well as a 0% APR introductory offer (currently 15 billing cycles) for purchases and balance transfers. This card also comes with no annual fee and features a generous welcome bonus of $150 after you spend $500 within 90 days of account opening.

TD Cash Credit Card

overall rating
4.5
TD Cash Credit Card
On TD Bank's Secured Site.

Current Offer:

Earn $150 cash back when you spend $500 within 90 days after account opening.

Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 12.99% - 22.99% variable
Annual Fee $0
Rewards Earning Rate Earn 3% cash back on dining, 2% at grocery stores, and 1% on all other eligible purchases.
INTRO PURCHASE APR 0% for 15 Months
INTRO BALANCE TRANSFER APR 0% for 15 Months
Balance Transfer Fee Either $5 or 3% of the amount of each transfer, whichever is greater.
Foreign transaction fee (%) 0%
how this card stacks up
When compared among all rewards cards in our database:
Rewards
Benefits
Low Fees
Security/Customer Experience
Low Interest
worst best

The TD Cash Credit Card is not one of our top rated cash back credit cards. You can review our list of the best cash back credit cards for what we think are better options.

Full Review of TD Cash Credit Card

Pros
  • Generous one-time offer

  • No annual or foreign transaction fees

  • Balance transfer offer

Cons
  • Minimum amount required for cash back redemption

  • Limited geographical footprint for eligibility

Pros Explained

  • Generous One-Time Bonus: You receive $150 cash back when you spend $500 within 90 days of opening your account. Receiving a 30% return on your spending for the bonus requirement is a fairly nice offer for a cash back card with no annual fee. Like the TD Cash card, the Capital One SavorOne only requires spending of $500, with a bonus of $150. Other cards require you to spend much more: The American Express Blue Cash Everyday card, for example, offers up to $300 back after you meet spending requirements. 
  • No Annual or Foreign Transaction Fees: Cardholders don't have to worry about earning enough cash back rewards to offset an annual fee. And they can make overseas purchases without incurring a fee, too.
  • Balance Transfer Offer: This card comes with a balance transfer offer of 0% APR for 15 billing cycles. The TD Cash card does charge a balance transfer fee of $5 or 3%, whichever is greater. Before choosing this option, new cardholders should consider whether the interest savings offset the balance transfer fee.

Cons Explained

  • Minimum Amount Required for Cash Back Redemption: Before eligible to start redeeming, cardholders need to rack up enough points to get $25 (that’s 2,500 points). Other cards, like the Capital One Quicksilver, allow you to redeem for cash rewards, with no minimum requirement.
  • Limited Geographical Eligibility Footprint: The TD Cash credit card is not available on a national basis in the U.S. Applicants must meet residency requirements in the states where TD Bank is licensed to operate.

This Card is Best For

  • Avatar for Cash Back Strategist Persona
    Seeks to maximize cash back earnings across spending categories
    Cash Back Strategist
  • Avatar for Frequent Diner Persona
    Dines out regularly while traveling or in home city
    Frequent Diner
  • Avatar for Head of Household Persona
    Primarily responsible for household grocery and other major purchases
    Head of Household

The TD Cash card is ideally suited for anyone who wants to earn cash back rewards with their spending with extra rewards for dining and grocery spending. The TD Cash card is well suited as a secondary card for those who spend considerably on groceries that have a specific card for those purchases that has capped earnings. For example, the Blue Cash Everyday card offers 3% cash back on groceries, but limits cardholders to $6,000 in purchases per year, after which the cash back rate drops to 1%. For those who reach this threshold, the TD Cash card can provide a way to earn 2% on their supermarket trips, rather than dropping to 1%.

Additionally, the TD Cash card can work well for those who like to dine out, with a pleasant 3% back on restaurant expenditures.

For cardholders who want a solid bonus and consistent cash back without worrying about rotating categories, this card works as an acceptable option too.

TD Cash Credit Card Bonus

Cardholders receive 15,000 points when they spend at least $500 within 90 days of their account opening. These points can be redeemed for $150 cash back.

Rewards Earning Details

Even though TD lists its tiered earnings in terms of 3%, 2% and 1% cash back on dining, grocery stores and all other purchases, respectively, cardholders actually accumulate points, which are then redeemed for cash back. So, when a cardholder spends on dining, they receive three points for each eligible dollar spent.

Note that groceries purchased at superstores or warehouse clubs may not receive 2% cash back, instead only earning 1% cash back.

Rewards Redemption Details

Cardholders can redeem rewards by going to tdcardservices.com and logging in. Points are worth one cent apiece when redeemed for cash, gift cards, and travel through TD’s rewards portal. Points used for other redemptions, such as for merchandise, might be worth less than one cent apiece.

When redeeming for cash back, the minimum threshold is $25. Other redemptions can be combined with charges to the card. Cardholders wishing to redeem their points for an airline ticket would receive the value of their points and then pay the difference with a charge on the TD Cash card.

Transferring Points

There's no way to transfer points to partners. All travel redemption is booked through TD's rewards portal.

How to Maximize Your Rewards

Cardholders get the most from their rewards by using the card for dining- and food-related purchases, the categories which have the highest earning rates. The best way to maximize the TD Cash card is to use it as a secondary card, in conjunction with another cash back card that offers earnings on categories that complement TD's.

Average Case

The average American household spent $3,459 on food away from home (eating out) in 2018. At the 3% rate, that would earn them $103.77 in cash back. Spending on food at home (groceries) amounted to $4,464. At 2% cash back, that’s another $89.28, bringing the total cash back to $193.05 in one year. And that’s just counting dining and grocery categories.

Aspirational Case

Above-average spenders in the dining and grocery categories could actually benefit from combining the use of the TD Cash card with another credit card, like the American Express Blue Cash Everyday card. 

A family that spends above the average each year—say, $8,000 on groceries each year on groceries and $4,000 on dining out—could use the TD Cash card in addition to another card, like the American Express Blue Cash Everyday card. They’d receive 3% cash back on up to $6,000 in groceries with the Everyday card and then receive 2% cash back on the remainder of their grocery spending with the TD Cash card.

Because the Everyday card doesn't offer extra cash back on dining, using the TD card for those purchases would allow a cardholder to earn 3% cash back on dining out. The total annual cash back for using the TD card in tandem with the Everyday card in this case would be $280. Including the extra 2% cash back for gas stations and department stores from the Everyday card would enhance this strategy.

TD Cash Credit Card's Outstanding Benefits

  • Immediate card replacement at a TD bank location

Standard Benefits

  • Visa Zero Liability
  • Digital wallet
  • Contactless payments

Cardholder Experience

Having branch locations can enhance overall satisfaction for consumers, and TD offers branch locations. According to J.D. Power’s 2019 rankings, TD Bank has the highest customer satisfaction rating in the Southeast Region.

Customers who live near a TD branch can visit to access in-person services. For cardholders who like the idea of speaking with someone face-to-face, this can be a good choice. Additionally, TD branches can immediately replace lost or stolen cards that the consumer can use right away, without waiting for a new card to arrive in the mail.

Cardholders can reach customer service 24/7 at 888-561-8861. There is also an FAQs page that can provide useful information about common issues.

Security Features

The TD Cash card comes with Visa's Zero Liability protection. This security feature keeps cardholders from being held responsible for unauthorized purchases when they properly report breaches.

Additionally, it's possible to do contactless payments with this card, as well as add the TD Cash card to a mobile wallet.

Our Verdict

Overall, the TD Cash credit card offers fairly mediocre rewards. While the cash bonus of $150 after spending $500 in 90 days is admittedly generous, its other features and perks are offered by other cards, often in more enhanced versions. 

For example, the Capital One SavorOne card offers 3% cash back on dining plus entertainment, while the TD Cash card only offers the higher cash back rate on dining. With American Express Blue Cash Everyday card, it’s possible to get 3% cash back on groceries at U.S. supermarkets up to $6,000 each year, plus 2% cash back at U.S gas stations and select U.S. department stores, making it a potentially better choice for regular spending. Like the TD card, neither of these options comes with an annual fee.

Even the 0% APR balance transfer offer isn't as bountiful as some other cards that extend offers to 18 months or beyond. Being in effect for 15 months is pretty standard, but is often surpassed by certain issuers. The Discover it Balance Transfer card offers 0% APR on balance transfers for 18 months for eligible transfers, for example.

Perhaps the main perk with the TD Cash card is the ability to walk into a TD Bank branch and speak with someone. This is especially useful for customers who have lost a card or had it stolen. The immediate replacement is a bonus for those who don't want to wait to receive a new card.

In general, the TD Cash card is a solid enough choice for those whose spending is concentrated mainly on dining and groceries. It also makes a great secondary card, rounding out a wallet, especially if a primary card has limits on cash back earnings.

Apply Now
For TD Cash Credit Card
on TD Bank's Secured Site.
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CURRENT CARD
TD Cash Credit Card
overall rating
4.5
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 12.99% - 22.99% variable
Annual Fee $0
Rewards Earning Rate Earn 3% cash back on dining, 2% at grocery stores, and 1% on all other eligible purchases.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.