TD Cash Back Visa* Card vs TD Rewards Visa* Card: Which one is better?


td cashback visa card

TD Cash Back Visa* Card

2.7


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

TD Rewards Visa* Card

TD Rewards Visa* Card

2


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$148.67


First Year Bonus Value

$0


Annual Fee

$0


First Year Value

$148.67

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$43.51

TD Rewards


First Year Bonus Value

$98.48

TD Rewards


Annual Fee

$0


First Year Value

$142

$43.51 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included

  • extended warranty

    Extended Warranty

    Up to 1 year
  • purchase protection

    Purchase Protection

    90 days

Insurance Included

  • extended warranty

    Extended Warranty

    Up to 1 year
  • purchase protection

    Purchase Protection

    90 days

  • mobile device insurance

    Mobile Device Insurance

    $1,000

Extra Benefits

  • car rental

    Car Rental Discount

    10% off base rate of Avis Rent A Car and Budget Rent A Car
  • reward cup

    Extra points

    Earn 50% more Stars at participating Starbucks stores

Extra Benefits

  • car rental

    Car Rental Discount

    10% off base rate of Avis Rent A Car and Budget Rent A Car
  • reward cup

    Extra points

    Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores

Interest Rates

Purchase:

19.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Interest Rates

Purchase:

19.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Annual Fee

$0

Annual Fee

$0

Income Required

Min Personal Income:

$60,000

Min Household Income:

$100,000

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus

N/A

Welcome Bonus

Earn 15,152 TD Rewards Points (a value of $50 on Amazon.ca) when you spend $500 within 90 days of Account opening. Conditions apply. Account must be approved by January 6, 2025.

Rewards Rate

  • 1% cash back on eligible groceries, gas and recurring bills (maximum $50 cash back for groceries & gas and another $50 for recurring bills)
  • 0.5% cash back on all other eligible credit card purchases

Rewards Rate

  • 4x points per $1 spent on travel booked online through Expedia for TD
  • 3x points per $1 spent on eligible grocery and restaurant purchases
  • 2x points per $1 spent on eligible recurring bill payments
  • 1x points per $1 spent on all other eligible purchases

Loyalty Program

N/A

Loyalty Program

Point Redemption Options

Not Applicable

Point Redemption Options

  • Most Optimal

    expedia

    Travel via Expedia

    0.5¢ / point
  • travel - plane

    Travel

    0.4¢ / point
  • education

    Education

    0.4¢ / point
  • amazon logo

    Amazon.ca

    0.33¢ / point
  • cash coins

    Statement Credits (Cash)

    0.25¢ / point
  • gift card

    Gift Cards

    0.25¢ / point
  • online shop

    Merchandise

    0.225¢ / point

Is this card worth it?

The TD Cash Back Visa Card is a solid no-fee option for individuals looking for a basic, easy-to-use credit card. While its rewards rates aren't the highest, the ability to redeem cash back anytime, coupled with no annual fee and essential insurance coverage, makes it an appealing choice for those with moderate spending who want a straightforward rewards card.

Is this card worth it?

The TD Rewards Visa Card* is a great choice for individuals looking for a no-fee card with moderate rewards. It offers solid perks like mobile device insurance and flexible rewards redeemable for travel, gift cards, and more. However, the lower point value and limited earning potential on everyday purchases may not appeal to frequent spenders looking for maximum rewards.

Pros

  • No annual fee, making it an excellent choice for those who want to earn rewards without paying a fee.
  • 1% cash back on essential categories like gas, groceries, and recurring bills.
  • Flexibility in redeeming cash back: you can redeem whenever you reach $25, rather than waiting for year-end or specific dates.
  • Complimentary extended warranty and purchase protection insurance.

Pros

  • No annual fee, making it easy to maintain.
  • Strong welcome bonus of 15,152 points, worth approximately $75.
  • Earn 4 points per $1 on travel booked through Expedia For TD, 3 points per $1 on groceries and restaurants, and 2 points per $1 on recurring bill payments.
  • Mobile device insurance included, a rare feature for no-fee cards.

Cons

  • Only 0.5% cash back on all other purchases, which is lower than some competitors.
  • Limited insurance coverage compared to premium cash back cards.

Cons

  • TD Rewards points are only worth 0.5 cents each, meaning the value per point is lower compared to other rewards programs.
  • Low return rate on everyday purchases, with 1 point per $1 spent, equating to just 0.5% return.
  • Limited insurance coverage compared to premium cards.

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