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TD Cash Credit Card Review

overall rating

Tiered rewards on dining and grocery spending, no annual fee, and a generous welcome bonus

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The TD Cash card is a Visa card that offers tiered rewards on dining and grocery spending, as well as a 0% APR introductory offer for balance transfers that lasts for 12 billing cycles after account opening. It 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
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 (%) 19.74% - 29.74% variable
Annual Fee $0
Rewards Earning Rate Earn 3% cash back on dining, including takeout and delivery. Earn 2% at grocery stores, and 1% on all other eligible purchases.
INTRO BALANCE TRANSFER APR 0% for 12 Billing Cycles
Balance Transfer Fee Either $5 or 3% of the amount of each transfer, whichever is greater.
Foreign transaction fee (%) 3%
how this card stacks up
When compared among all rewards cards in our database:
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

  • Generous one-time offer

  • No annual fee

  • Balance transfer offer

  • Minimum amount required for cash back redemption

Pros Explained

  • Generous one-time bonus: You'll 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. There are other, similar offers. The Capital One SavorOne card has the same spending requirement and offers a $200 bonus. But other cards require you to spend much more. The American Express Blue Cash Everyday card offers up to $250 back after you spend $2,000 in purchases during the first six months. 
  • No annual fee: Cardholders don't have to worry about earning enough cash back rewards to offset an annual fee.
  • Balance transfer offer: This card comes with a balance transfer offer of 0% APR for 12 billing cycles, but the TD Cash card does charge a balance transfer fee of $5 or 3%, whichever is greater. New cardholders should consider whether the interest savings offset the balance transfer fee before choosing this option.

Cons Explained

  • Minimum amount required for cash back redemption: Cardholders must rack up enough points to get $25 (that’s 2,500 points) before becoming eligible to start redeeming. Other cards, like the Capital One Quicksilver, allow you to redeem cash rewards with no minimum requirement.

Who This Card Is Best For

The TD Cash card is ideally suited for anyone who wants to earn cash back rewards with their spending and get extra rewards for dining and grocery spending. This card is well suited as a secondary card for those who spend considerably on groceries that have a specific card for those purchases that have 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. The cash back rate drops to 1% after this point. The TD Cash card can provide a way to earn 2% on their supermarket trips, rather than dropping to 1%, for those who reach this threshold.

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

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

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

TD lists its tiered earnings in terms of 3%, 2%, and 1% cash back on dining, grocery stores, and all other purchases respectively, but cardholders actually accumulate points, which can then be redeemed for cash. A cardholder receives three points for each eligible dollar spent when they spend on dining.


Groceries purchased at superstores or warehouse clubs don't receive 2% cash back. They only earn 1%.

Rewards Redemption Details

Cardholders can redeem rewards by logging into Points are worth one cent each when they're redeemed for cash, gift cards, and travel through TD’s rewards portal. Points used for other redemptions, such as for merchandise, can be worth less than one cent apiece. The minimum threshold is $25 when you're redeeming for cash back.

Transferring Points

There's no way to transfer points to partners. All travel redemption must be booked through TD's rewards portal or applied as a credit.

How to Maximize Your Rewards

Cardholders get the most from their rewards by using the card for dining- and food-related purchases because these categories 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 $3,030 on dining out in 2021. That would earn them $90.90 in cash back at the 3% rate. Spending on groceries and food at home amounted to $5,259. That’s another $105.18 at the 2% rate, bringing the total cash back to $196.08 in one year. And that’s just counting dining and grocery categories.

Aspirational case

Above-average spenders in the dining and grocery categories could 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, such as $8,000 on groceries on groceries and $4,000 on dining out, could use the TD Cash card in addition to another card. They’d receive 3% cash back on up to $6,000 in groceries with the American Express Blue Cash Everyday card and receive 2% cash back on the remainder of their grocery spending with the TD Cash card.

The Everyday card doesn't offer extra cash back on dining so using the TD card for those purchases would allow a cardholder to earn 3% cash back on dining out. 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 2022 U.S. Credit Card Satisfaction Study, TD Bank ranks second in customer satisfaction out of 16 mid-size bank issuers.

Customers who live near a TD branch can visit to access in-person services. This can be a good choice for cardholders who like the idea of speaking with someone face to face. 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 1-888-751-9000. There's also an FAQs page available on the website that can provide useful information about common issues.

Security Features

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

It's also possible to do contactless payments with this card, and you can add the TD Cash card to a mobile wallet.

Final Verdict

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

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 12 months is pretty standard, but it's often surpassed by certain issuers.

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

The TD Cash card is generally 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.

Next Steps
For TD Cash Credit Card
on TD Bank's Secured Site.
Compare This Card
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TD Cash Credit Card
overall rating
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 (%) 19.74% - 29.74% variable
Annual Fee $0
Rewards Earning Rate Earn 3% cash back on dining, including takeout and delivery. Earn 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.