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TD Cash Back Visa Card Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • No annual fee
  • 1% cash back on eligible purchases
  • Welcome bonus offers for new cardholders
  • Travel insurance options available
  • Optional low balance transfer rate
  • Purchase security and extended warranty protection
  • Access to the TD Auto Club


  • Limited cash back categories
  • Lower cash back rate (1%) compared to other cash back credit cards
  • Interest rate may be high for those carrying a balance (19.99%)
  • No specific rewards program, only cash back
  • Welcome bonus offers may require minimum spending

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we’re the most trusted source for credit card reviews.

The TD Cash Back Visa Card has earned a 4.25 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).




Interest rates




The highest scoring categories for the TD Cash Back Visa Card are fees and interest.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the TD Cash Back Visa Card the most important factors for scoring this card are its fees and interest.


With the TD Cash Back Visa Card, here’s the rates at which you earn rewards for different spending categories per dollar you spend:

Specific Stores1%
All Other Spend1%

Calculating your annual rewards

We estimate that spending $2,000 per month with the TD Cash Back Visa Card would earn $240 in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you’d earn this per category:

All Other Spend$114

Our study investigating the value found that each dollar spent on the TD Cash Back Visa Card is worth up to $0.01, depending on how you redeem.

This $240 in rewards value puts the TD Cash Back Visa Card in the bottom 40% of credit cards in Canada based on rewards earned.

The average credit card in our database earns $337 in rewards for the same spend that the TD Cash Back Visa Card earns $240 in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that’s a 10% earn rate on gas.

SpendThis CardAverage
Above, we’ve calculated the earn rate for the TD Cash Back Visa Card for every spend category and compared it to the average for all Canadian credit cards.
Redemption methodAnnual rewards
Apply to statement credit$170

For an annual spend of $24,000, we estimated annual rewards value at up to $240.

That’s equivalent to a 1.00% return on spending.

The TD Cash Back Visa Card has an annual fee of $0. After deducting this, we predicted net annual rewards of $240.

This puts it in the bottom 50% of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of $254.


The TD Cash Back Visa Card has a $0 annual fee.

The average card charges $85. So, the TD Cash Back Visa Card is in the bottom 50% of cards based on the cost of the annual fee.


We manually review the perks of each credit card to determine how they compare to other cards.

The TD Cash Back Visa Card scored a 1.2 out of 5 for perks, putting it in the bottom 50% of cards.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Cash Advance22.99%
Balance Transfer22.99%

The average (median) credit card has a purchase interest rate of 19.99% and so the TD Cash Back Visa Card charges {{purchase_interest_diff}} than the average.

For cash advances it costs 22.99% compared to the average of 19.96%.

Testing the TD Cash Back Visa Card with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

InsuranceThis CardAverage
Extended Warranty1 year1 year
Purchase Protection90 days90 days

We scored it 0.0 out of 5 for insurance.

It offers 2 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score725 – 759
Personal Income$0
Household Income$0
Annual Fee$0
Extra Card Fee$0
Card typeVisa

We scored it 2.5 out of 5 for approval.

We predict that you will require a credit score of at least 725 to qualify for the TD Cash Back Visa Card, while the average card requires 652 to qualify.

This puts it in the top top 50% of cards by approval difficulty.

The personal income requirements are $0, while the average card requires $23,896.

This puts it in the top 50% of cards by the income required to qualify.

The TD Cash Back Visa Card is a popular option among Canadians due to its decent earning potential and various benefits. Here is a review of the card, discussing the earning potential, benefits, drawbacks, and other relevant information.

Earning potential with the card:

The TD Cash Back Visa Card earns cash back rewards on everyday purchases. Cardholders can earn 1% cash back on eligible grocery, gas, and recurring bill payments, and 0.5% cash back on all other purchases. The rewards are automatically redeemed for you every year and there is no maximum cash back limit.


  1. No Annual Fee: A major advantage of the TD Cash Back Visa Card is that it comes with no annual fee, making it an affordable option for those who want to earn cash back without having to pay extra for the privilege.
  2. Insurance Coverage: Another advantage of the card is its insurance coverage, which includes up to $1,000 of Purchase Security Insurance for eligible items in case of theft or damage within the first 90 days of purchase, as well as up to $500,000 of Travel Accident Insurance when you charge the full cost of your common carrier fare to your card.
  3. No Promotional Balance Transfer rate: The third major advantage is the 0% Promotional Balance Transfer rate for the first 6 months which can be helpful if you have outstanding balances on other credit accounts. Keep in mind that the interest rate will increase to 22.99% after the promotional period.
  4. Automatic Rewards Redemption: Lastly, cardholders can enjoy the convenience of having their rewards automatically redeemed without worrying about managing rewards points or reaching a minimum amount before claiming your cash back.


  1. Drawback: A significant drawback of this card is that its cash back rates (1% on eligible groceries, gas, and recurring bills, 0.5% on all other purchases) might not be as competitive compared to other cash back cards, especially for consumers with high monthly spending.
  2. Drawback: Another drawback is the lack of additional perks or benefits such as travel insurance, airport lounge access, or free supplementary cards, which can be found in other credit cards in the market.

Additional information:

TD Visa also offers a mobile app allowing cardholders to access their account and monitor transactions at any time. Additionally, they provide a handy budget tracker tool where you can set customizable budgets and track your spending by category. This card also includes the convenience of contactless payment with Visa payWave.

In conclusion, the TD Cash Back Visa Card is a suitable option for those who want a no annual fee card with cash back potential on everyday purchases. However, if you are looking for more competitive cash back rates or additional perks, consider exploring other credit card options in the Canadian market.

Not the right fit? You could consider the MBNA Smart Cash Platinum Plus MasterCard. Or, if you’re looking for other options check out the TD Cash Back Visa Infinite Card, and the TD Rewards Visa Card.


With the TD Cash Back Visa Card, you earn cash back rewards on your purchases, which you can redeem as a statement credit or direct deposit into your TD savings or chequing account.

This allows you to use your cash back rewards for anything you wish, such as paying off your credit card balance, saving, or spending on everyday expenses.

The TD Cash Back Visa Card comes with a foreign transaction fee of 2.5% on purchases made in a foreign currency. This fee is charged for converting the purchase amount to Canadian dollars and is applicable whether the transaction takes place online or in person while traveling outside of Canada.

The TD Cash Back Visa Card does not have a minimum income requirement, making it an accessible option for Canadians with varying income levels who are seeking cash back rewards on their credit card purchases.

Key benefits

  • APR: 19.99% on purchases
  • Balance transfer rate: Optional low rate or standard 19.99%
  • Cash advance rate: 22.99%
  • Foreign transaction fee: 2.5%
  • Minimum credit limit: $500
  • Credit score requirement: Good to Excellent
  • Compatibility: Apple Pay, Google Pay, and Samsung Pay
  • Travel insurance options: Delayed and lost baggage coverage, trip interruption insurance, common carrier travel accident insurance
  • Extended warranty: Double manufacturer’s warranty up to 12 months
  • Purchase security: 90 days protection against loss, theft, or damage

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