Issued by one of the Big Five Banks of Canada, the TD Credit Card is a reliable card for students and most first-time card users. It has a modest rate of return for everyday purchases.
For someone who constantly spends a lot of money on your recurring bills such as gas and groceries, having the TD Cash Back card can really help you out. This is because it comes with extremely attractive rewards and cashback rates.
In this review, we take a look at what this card has to offer. We will also tell you about the application process of the card and whether or not you should consider it. Continue reading to learn more!
Benefits and Features of the TD Card
Currently, there is a limited time offer if you apply for the card before September 8, 2020. The card will allow you to earn 10% cashback on all the purchases you make with the card for the first 3 months after receiving the card. You must, however, spend at least $2,000 on the card. The offer is only available to residents of Quebec only.
In addition, you will earn 1% cashback on all eligible groceries and gas purchases.
This is also for all recurring bill payments that have been set up on your account. Plus, you will get an additional 0.5% cashback on all other purchases that may not be listed.
You can redeem these rewards whenever you want, and they never expire as long as your account is still open and payments are made on time.
Premium Benefits of the Card
Now, this card is great if you are a frequent traveler. It will give you the peace of mind you need to travel worry-free, and this is mostly thanks to their travel insurances.
You get special benefits by availing of Avis Rent A Car and Budget Rent A Car rewards. When you use your card, you can save a minimum of 10% in the U.S. and Canada.
You also get to avail of the 24/7 emergency roadside assistance coverage through the TD Auto Club Membership.
Eligibility Info and How to Apply for the Card
You will be required to log on to the company website and provide them with your personal information such as your name, your contact information, your residential status, your phone number, and your email address.
Additionally, you must meet the following criteria. You must be a Canadian citizen or have permanent resident status. You must have reached the majority age in your province or place of residence. In addition, you must have a personal income of at least $60,000 or a household income of around $100,000 per year.
Kindly log on to the TD Bank Website to fill out your application form and to receive more information concerning the TD credit card.
Fees and Charges
As a TD Cash Back Visa cardholder, you will receive a minimum credit limit of $500, and your credit limit will subject to change based on your credit score and creditworthiness.
As a cardholder, you will incur the following fees and charges. For further information on rates and fees, contact a bank representative.
- Annual fee – None
- Extra card fee – None
- Purchase interest rate – 19.99%.
- Cash advance interest rate – 22.99%.
- Balance transfer rate – This is charged at 22.99%
TD Contact Information
If you have questions or concerns, you can contact TD Bank directly through the following methods.
You can send mail to TD Bank by addressing their head office at P.O. Box 1 Toronto Dominion Center, Toronto Ontario, M5K 1A2.
You can also choose to call the bank by calling 1-855-315-4325.
The information we have provided above is simply to give you a glimpse into what you can expect from the TD Cash Back Visa credit card specifically.
You should, however, ensure that you have shopped around and found the card that will best suit your needs. If you think a TD credit card will meet your needs, get started applying today!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.