TD Bank Cash Credit Card Review: Earn Cash-Back on Everyday Purchases

Are you looking for a cash-back credit card that offers straightforward rewards without the hassle of complicated points systems? The TD Bank Cash Credit Card might be exactly what you need.

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With this card, you can earn cash back on everyday purchases, making it an appealing choice for anyone who wants to maximize their spending. 

In this TD Bank Cash Credit Card review, we’ll break down the key features, benefits, and potential drawbacks of the card to help you decide if it’s the right fit for your wallet. 

Whether you’re looking to save on groceries and dining, or just want a little extra back on all your purchases, this card could be a valuable addition to your financial toolkit.

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Features of TD Bank Cash Credit Card

The TD Bank Cash Credit Card comes with a range of features designed to make your life easier and more secure. One of the standout features is its compatibility with digital wallets. 

Adding your TD cards to your mobile device makes shopping easier, whether you’re purchasing online, in-store, or via an app. This makes your shopping experience not only faster but also more convenient.

Another great feature is Visa Zero Liability. With this, you can shop with confidence knowing that your purchases are protected against unauthorized charges. It’s a security feature that gives you peace of mind, knowing you won’t be held responsible for any fraudulent transactions.

Finally, the TD Bank Cash Credit Card supports contactless payments. This means you can enjoy the convenience of making quick, secure payments just by tapping your card at checkout, without the need to insert or swipe it. 

It’s a small feature that adds a lot of ease to your everyday transactions.

Pros and Cons of TD Bank Cash Credit Card

So, what are the advantages and disadvantages of the TD Bank Cash Credit Card? Let’s dive in and find out.

Benefits

Here are some of the TD Bank Cash Credit Card benefits: 

  • Instant Replacement: If your card is lost or stolen, TD Bank provides immediate replacement. All you do is visit any TD Bank branch to get a new card quickly.
  • Visa Benefits: You’ll enjoy perks like cell phone protection when you use your card to pay your monthly mobile bill.

Cons

Here are some of the card’s drawbacks:

  • Exclusions: Purchases of cash equivalents, money orders, gift cards, or reloading gift cards do not qualify for rewards.
  • Offer Restrictions: Their online promotion is not available if you open the account in response to a different offer.

Rates and Fees

When it comes to rates and fees for the TD Bank Cash Credit Card, it’s essential to know what you’re signing up for. Here’s a breakdown of what you can expect:

For purchases, the Annual Percentage Rate (APR) varies between 20.24%, 25.24%, or 30.24%, depending on your creditworthiness. 

If you’re planning to transfer a balance, you’ll benefit from a 0% introductory APR for the first 15 billing cycles after you open your account. After this period, the APR for balance transfers will match the purchase APR, which also depends on your credit rating. 

If you’re carrying a 0% promotional balance transfer, and also making purchases, you can avoid interest charges by paying the “Payment to Avoid Purchase Interest” amount listed in the “Payment Information” section of your statement.

Balance transfers come with a fee, either $5 or 3% of the transfer amount, whichever is greater. If you use your card for cash advances, be aware that the APR is higher at 30.49% variable, with a fee of $10 or 5% of the amount advanced, whichever is greater.

The good news is that there’s no annual fee, so you won’t have to worry about that added expense. However, if you travel internationally, you’ll need to budget for a 3% foreign transaction fee on each purchase made in U.S. dollars. 

Finally, keep in mind that late payments and returned payments can each cost you up to $40, so it’s best to stay on top of your due dates.

Eligibility Criteria and Requirements

To qualify for the TD Bank Cash Credit Card, you need to meet a few basic requirements. You must be a US resident aged 18 years and above. 

Additionally, you’ll need to have a minimum income and a credit score that meets the bank’s standards. If you meet these criteria, you could be on your way to enjoying the benefits of this cash-back card.

How to Apply for TD Bank Cash Credit Card?

Applying for a TD Bank Cash Credit Card is a simple process, and you have a few options to choose from based on what’s most convenient for you.

If you’re looking for the quickest way to get started, visiting their website and applying online is your best bet. You can fill out the application securely and get everything done in just a few minutes.

Prefer a more personal touch? You can visit any TD Bank branch to apply in person. This way, you can speak directly with a banking specialist who can answer any questions you might have.

If you’d rather handle things over the phone, TD Bank has you covered there too. You can call 1-888-561-8861 anytime, day or night, and talk to a banking specialist who can guide you through the application process.

Conclusion

The TD Bank Cash Credit Card offers straightforward cash-back rewards on everyday purchases, including bonuses and flexible spending categories. While it has some drawbacks, its benefits make it a strong choice for cash-back enthusiasts. 

If you meet the eligibility requirements, this card could be a valuable addition to your wallet.

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