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TD Cash Credit Card Review: A Unique Cash Back Card With Some Interesting Perks

Review Updated
Matt Frankel, CFP®
Matt Frankel, CFP®
| 1 other [ + ]
Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation.

The TD Cash Credit Card can be a good alternative to flat-rate cash back credit cards as well as those with rotating bonus categories. This credit card offers a unique cash back rewards structure that could be appealing to many consumers. Read our full expert review to find out if this credit card is a great fit for you.

Ratings Methodology

TD Cash Credit Card

Apply Now for TD Cash Credit Card

On TD Bank's Secure Website.

Rates & Fees External Link Icon

TD Cash Credit Card
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Apply Now for TD Cash Credit Card

On TD Bank's Secure Website.

Rates & Fees External Link Icon

Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR Circle with letter I in it. Balance transfer offer: 0% introductory APR balance transfers for first 15 billing cycles after account opening. After that, 19.24%, 24.24% or 29.24% variable APR based on your credit worthiness.

Purchases: N/A

Balance Transfers: 0%, the first 15 billing cycles after account opening

Regular APR

19.24%, 24.24% or 29.24% (variable)

Rewards Circle with letter I in it. Choose your top two spend categories to earn unlimited 3% and 2% Cash Back. Earn unlimited 1% Cash Back on all other eligible purchases.

1%-3% cash back

Annual Fee

None

Welcome Offer Circle with letter I in it. Special offer: Earn $200 Cash Back when you spend $1,000 on eligible purchases within the first 90 days of opening your account.

$200 Cash Back

  • A solid credit card with a unique cash back program and competitive introductory offers.

    • Unique cash back structure
    • No annual fee
    • Excellent introductory offers
    • Great for balance transfers
    • Balance transfer fee
    • Foreign transaction fees
    • Fee structure is generally high
    • Special offer: Earn $200 Cash Back when you spend $1,000 on eligible purchases within the first 90 days of opening your account.
    • Choose your top two spend categories to earn unlimited 3% and 2% Cash Back.
    • Earn unlimited 1% Cash Back on all other eligible 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.

Credit card comparison

We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.

Offer Our Rating Welcome Offer Rewards Program APR Learn More
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for cash back on rotating categories 		Discover will match all the cash back you’ve earned at the end of your first year. 1% - 5% Cashback Circle with letter I in it. Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.

Intro:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular: 18.24% - 27.24% Variable APR

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees External Link Icon

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for cash rewards on everyday spending 		$200 cash rewards Circle with letter I in it. Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. 2% cash rewards Circle with letter I in it. Earn unlimited 2% cash rewards on purchases.

Intro: Circle with letter I in it. 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers

Purchases: 0% intro APR, 12 months from account opening

Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers

Regular: 19.24%, 24.24%, or 29.24% Variable APR

Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rates & Fees External Link Icon

Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for unlimited rewards on purchases 		25,000 points Circle with letter I in it. 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases 1.5-3 points per dollar Circle with letter I in it. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open. Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center.

Intro: Circle with letter I in it. 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers. Balance transfers may not be used to pay any account provided by Bank of America.

Purchases: 0% Intro APR for 15 billing cycles for purchases

Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days

Regular: 18.24% - 28.24% (Variable)

Apply Now for Bank of America® Travel Rewards credit card

On Bank of America's Secure Website.

Full TD Cash Credit Card review

This credit card is a good fit for: Consumers who want a superior cash back rewards rate but also want control over the spending categories that pay the most.

Top perks

The TD Cash Credit Card has some excellent features, particularly when it comes to its reward structure.

Great cash back structure

Cash back credit cards come in two general varieties. These include cards that have a low standard rate, as well as a higher percentage on categories that rotate, and cards that have a higher standard earnings rate that applies to all purchases.

The TD Cash Credit Card has a somewhat unique structure. It earns a standard 1% cash back rate on most purchases, but customers can choose 3% and 2% cash back on the top two Spend Categories you choose from this list:

  • Dining
  • Entertainment
  • Gas
  • Grocery stores
  • Travel

Categories can be changed every quarter, or can be left alone. For example, if you travel often, choosing a 3% cash back rate on travel expenses could make this a very competitive credit card product for you. The card defaults to 3% cash back on dining and 2% at grocery stores, and there's currently a special offer that provides back on .

Valuable introductory offer

The TD Cash Credit Card has a welcome bonus of $200 Cash Back after spending $200 within the first 90 days after account opening. This is a generous welcome offer for meeting a relatively low spending threshold, so even if you don't use your credit cards too often, you could potentially take advantage.

Great for balance transfers

The TD Cash Credit Card offers a 0% intro APR on balance transfers for the first 15 billing cycles after account opening. There is a fee for transferring balances, but this could make the TD Cash Credit Card a good choice not just for purchases, but for consolidating your existing credit card balances as well.

What could be improved

Although the TD Cash Credit Card has no annual fee and some excellent cash back rewards, it isn't perfect -- especially when it comes to other costs. Here are some of the drawbacks to keep in mind.

Balance transfer fee

The TD Cash Credit Card has a balance transfer offer of 15 billing cycles of 0% intro APR, but there's also a balance transfer fee of $5 or 3% of transfer, whichever amount is greater. To be sure, offering zero-fee balance transfers is not common. But it's important to keep this fee in mind. For context, this means that a $5,000 balance transfer would add $150 to your credit card balance.

Foreign transaction fee

The TD Cash Credit Card might not be a great choice if you travel internationally often. It charges a foreign transaction fee of 3% of each transaction in U.S. dollars, and this can add up if you use it to pay for purchases on an extended trip.

Generally high fee structure

To be clear, taking cash advances and making late payments should be avoided. But it's good to know what it will cost you if you need them. The TD Cash Credit Card has a relatively high cash advance fee of 5% (minimum $10), plus cash advances get a flat 29.49% variable APR for all customers, and both of these are on the higher end. TD also charges up to $40 for late payments or returned payment fees, so keep this in mind if you occasionally forget to pay your bill before the due date.

Suggested credit score

We'd suggest having at least an average FICO® Score (about 700 or better) before applying for the TD Cash Credit Card. There's no specific minimum credit score requirement, and other factors, such as your income, employment, and other debts are considered during the approval process. It's entirely possible to get approved for the TD Cash Credit Card with a lower credit score or denied with a higher one.

RELATED: Best Credit Cards for Fair/Average Credit

The TD Cash Credit Card is right for you if:

If you're looking for a credit card that allows you to earn as much as 3% on purchases you spend the most money on, but don't want to deal with rotating spending categories, this could be the right credit card for you.

Our credit card methodology

At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.

FAQs

  • The TD Cash Credit Card has a highly competitive cash back rewards program, offering up to 3% cash back in a category that you choose. It also has an excellent welcome bonus and solid balance transfer offer. Based on these factors, this is a good credit card option.

  • Your credit limit with a TD Cash Credit Card will depend on several factors, including your income, credit score, and your other debts.

  • You can request an increase to any TD Bank credit card account online. Log in to the bank's online portal and choose the account whose limit you want to increase. Choose "manage" on the top menu, and you'll see the option for a credit limit increase. Click on that, and follow the steps to request a higher limit.