TD Cash Back Visa* Card Review
The TD Cash Back Visa Card is a solid cashback contender for the budget-conscious. For no annual fee, you can earn decent cashback on common expenses, plus standard coverage and a couple of perks.
Oct 21, 2026 2:41 PM
The Bottom Line
The TD Cash Back Visa Card is a good budget-conscious option for those who want to avoid annual fees and income requirements, while earning some cashback on common spending categories. Still, there are other everyday cashback contenders worth considering with superior reward rates, better coverage, and sometimes, more exclusive perks, especially if you meet higher annual income requirements.
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on TD's website
RECOMMENDED CREDIT SCORE
Rewards
- Earn 1% in Cash Back Dollars on Grocery, Gas & Electric Vehicle Charging, Public Transit, Recurring Bill Payments, and Streaming, Digital Gaming & Media Purchases†.
- Earn 0.5% in Cash Back Dollars on all other Purchases made with your Card†.
- Once your Cash Back Dollars balance hits $25, you can redeem those Cash Back Dollars as credit towards your account balance†.
- Your Cash Back Dollars never expire as long as your account is open and in good standing.
- Earn more at Starbucks: Link your eligible Card to earn more Starbucks Stars at participating Starbucks stores. Conditions apply.
Insurance
Coverage
Purchase Protection†
90 days
Extended Warranty†
Up to 1 year
Benefits
Details
Extra points†
Link your eligible Card to earn more Starbucks Stars at participating Starbucks stores. Conditions apply.
Car Rental Discount†
10% off base rate of Avis Rent A Car and Budget Rent A Car
Eligibility
Credit Score
FairAnnual Income
N/A
Welcome Bonus Details
Card Details
Interest Rates
Purchase APR
21.99%
Cash Advance APR
22.99%□
Fees
Annual Fee
$0
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Fair
Type
Card Type
Credit
Reward Type
Cash BackPros & Cons
Pros
- No annual fee
- Decent cashback
- Flexible redemptions
Cons
- Low base earn rate
- Limited insurance
Our Detailed Review
How to Earn Rewards with the TD Cash Back Visa Card
With the TD Cash Back Visa Card, you’ll earn the following:
- Earn 1% in Cash Back Dollars on Grocery, Gas & Electric Vehicle Charging, Public Transit, Recurring Bill Payments, and Streaming, Digital Gaming & Media Purchases†.
- Earn 0.5% in Cash Back Dollars on all other Purchases made with your Card†.
Based on the above, the TD Cash Back Visa Card is best used on everyday purchases, everything from groceries and gas to transit and bill payments.
How to Redeem Rewards with the TD Cash Back Visa Card
Once your Cash Back Dollars balance hits $25, you can redeem those Cash Back Dollars towards your account.
Cash Back Dollars are what TD calls the cashback you earn with this card. They never expire as long as your account is open and in good standing.
Benefits and Perks
4 Benefits of the TD Cash Back Visa Card
There are a few benefits to owning a TD Cash Back Visa Card, making it one of the top TD credit cards in Canada.
On top of the perks below, the card includes purchase protection for 90 days and extended warranty coverage of up to 1 year.
To begin, the TD Cash Back Visa Card has no annual fee, making it extremely affordable for those who don’t want to tack on another yearly expense.
On top of decent points on everyday purchases, the TD Cash Back Visa Card also allows cardholders to collect extra Stars at participating Starbucks stores. To do so, simply link your card to your Starbucks account and scan with every purchase.
Once you collect at least $25 in cashback, you can put that cash towards your balance and pay off any expense you’d like. Other cards have more limitations when it comes to redeeming cashback. In some cases, cashback is rewarded only once a year.
Need to borrow a set of wheels? Thankfully, the TD Cash Back Visa Card comes with car rental discounts at participating Avis Rent a Car and Budget Rent a car locations. Cardholders receive the best discounts at Canadian and U.S. locations and a slightly lower rate internationally.
The discount is 10% off the base rate at Avis and Budget. Keep in mind that the card’s listed coverages don’t include car rental collision damage or theft insurance, so a discount is all you get here.
Drawbacks and Considerations
2 Downsides to the TD Cash Back Visa Card
Where there are benefits there are also often some drawbacks.
Here’s where the TD Cash Back Visa Card falls short:
Unfortunately, considering that categorical rewards are already low, the reward base rate on all other purchases is below average, meaning this card isn’t super valuable compared to other no-fee competitors.
Learn More: Canada's Best No Annual Fee Credit Cards
Likewise, the TD Cash Back Visa Card lacks extensive coverage and includes only the basics: extended warranty insurance and purchase protection insurance. Alternatively, there are other no-fee contenders that offer a bit more coverage.
Compare to Similar Cards
Comparison to other No-Fee Cashback Cards
To help you ensure that you’re making the best budget-friendly cashback decision, we’ve rounded up the top no-fee cash back credit cards in Canada to see how the TD Cash Back Visa Card stacks up.
Rogers Bank
4.5
Simplii Financial™
4.3
American Express
3.8
Neo Financial
3.4
Annual Fee
$0
$0
$0
$0
$0
$0
Interest Rates
Purchase
21.99%
Cash advance
22.99%
21.99%
Purchase
21.99% - 25.99%*
Cash advance
22.99% - 27.99%*
Balance transfer
22.99% - 27.99%*
Rate details
Purchase
20.99%*
Cash advance
22.99%*
Balance transfer
22.99%*
Rate details
Purchase
20.95%*
Cash advance
22.95%*
Balance transfer
22.95%*
Rate details
Purchase
21.99%*
Cash advance
21.99%*
Rate details
Purchase
19.99% - 29.99%
19.99% - 23.99%
Cash advance
22.99% - 31.99%
Balance transfer
22.99% - 31.99%
Welcome Bonus
—
Welcome Bonus varies
20% cashback† up to $500 in spending
Get $120 with a Tangerine® Money-Back World Mastercard®* and a limited time promo rate on balance transfers
Up to $100 in Statement Credits
—
Rewards
0.5% - 1%
$360
First year rewards
$438.18
First year rewards
$402.86
First year rewards
$409.2
First year rewards
$252.26
First year rewards
on TD's website
on Rogers Bank's website
on Simplii Financial™'s website
on Tangerine's website
on American Express' website
Apply with Confidence — won't impact your credit score
on Neo Financial's website
Welcome Bonus Details
Earn Rates
Insurance Coverage
Extra Benefits
Requirements
TD Cash Back Visa Card vs Rogers Red World Elite Mastercard
The Rogers Red World Elite Mastercard is one of the best no annual fee credit cards in Canada. This contender earns you impressive cashback rates on USD and non-USD purchases, especially if you have a qualifying Rogers, Fido, Comwave or Shaw service. The Rogers Red World Elite Mastercard also comes with valuable protections like trip interruption and trip cancellation insurance, travel medical insurance, and car rental damage and theft insurance. Just watch out for the card’s high annual income requirements and annual spending cap.
TD Cash Back Visa Card vs Simplii Financial Cash Back Visa Card
For even more cashback on groceries and cash, plus amazing rates on dining purchases, opt for the Simplii Financial Cash Back Visa Card instead, one of the best dining credit cards in Canada. This card comes with the same standard extended warranty and purchase protection coverage and a small annual income requirement. Sadly, it lacks benefits, but budget-conscious foodies may be willing to overlook this detail.
TD Cash Back Visa Card vs Tangerine Money-Back World Mastercard
For some control over which categories you earn cashback on, apply for the Tangerine Money-Back World Mastercard. This card allows you to pick 2 categories from the 13 offered by Tangerine (including groceries, gas, recurring payments and more), plus a third when you deposit your Money-Back Rewards into a Tangerine Savings Account. Like the TD Cash Back Visa Card, the base rate on all other purchases is quite low, but the Tangerine Money-Back World Mastercard includes perks and protections like car rental damage and theft insurance and mobile device insurance, plus an airport lounge Dragon Pass membership, streaming access, and a FlexiRoam 1GB Global Data Roaming Plan and discount. Note, however, that this contender has some high annual income requirements.
TD Cash Back Visa Card vs SimplyCash Card from American Express
For slightly higher cashback rates on gas and groceries, plus a better overall base rate on all other eligible purchases, go for the SimplyCash Card from American Express. This card also includes common carrier travel accident insurance and Amex Experiences whilst avoiding annual income requirements.
TD Cash Back Visa Card vs Neo World Mastercard
The Neo World Mastercard offers better cashback on groceries, gas, and recurring purchases, but the same overall base rate on all other purchases. That said, you can earn bonus cashback on categorical and other non-categorical expenses by purchasing goods and services from Neo Partners. However, the Neo World Mastercard lacks added benefits and comes with some annual income requirements.
Frequently Asked Questions
Yes. The TD Cash Back Visa Card is a great choice for budget-conscious spenders because it has no annual fee and no annual income requirements. It's suitable for someone prioritizing affordability while still earning cashback on everyday purchases like groceries, gas, transit, and recurring bills.
The TD Cash Back Visa Card by no means earns you best cashback rates on everyday purchases, but it's a highly accessible contender, given that it avoids annual fees and annual income requirements. That said, there are other no-fee cashback credit cards on the Canadian market with much better cashback rates, although some come with high annual income requirements.
The TD Cash Back Visa Card offers what we would consider standard insurance: extended warranty insurance and purchase protection insurance. These inclusions aren't particularly premium, especially if you tend to travel. If you're a traveller and want a no-fee cashback credit card, consider the Rogers Red World Elite Mastercard, it comes with trip interruption and trip cancellation insurance, plus travel medical insurance.
The TD Cash Back Visa Card makes the most sense above other no-fee cashback competitors if you:
- Want to avoid annual income requirements
- Prefer simple, consistent cashback on essentials
- Value smaller perks like extra Starbucks Stars or car rental discounts
No, car rental collision damage or theft insurance isn’t among the coverages listed for the TD Cash Back Visa Card. Cardholders do, however, receive a 10% discount on the base rate at Avis and Budget. The card’s listed insurance is purchase protection and extended warranty.
Cash Back Dollars are the cashback you earn with the TD Cash Back Visa Card. Once your balance reaches $25, you can redeem it as a credit towards your account balance. Cash Back Dollars don’t expire as long as your account is open and in good standing.
The TD Cash Back Visa Card has no annual fee. The interest rate is 21.99% on purchases and 22.99% on cash advances, and the foreign transaction fee is 2.5%.
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Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
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TD Cash Back Visa* Card Cash Back Calculator
on TD's website