Working hard in the background...
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.
Nov 25, 2025 4:05 PM
Written By
Lead Writer
Edited By
Credit Card Expert
Reviewed By
Credit Card Expert
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.
Skip to: Detailed Review
APPLY NOW
on TD's website
Welcome Bonus
Earn up to $50 in Cash Back Dollars† with the TD Cash Back Visa Card. Conditions apply.
Annual Fee
$0
Interest Rates
21.99% / 22.99%□
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 50% more Stars at participating Starbucks® stores. Conditions apply.
Insurance
Coverage
Purchase Protection†
90 days
Extended Warranty†
Up to 1 year
Benefits
Details
Extra points†
Earn 50% more Stars at participating Starbucks stores
Car Rental Discount†
10% off base rate of Avis Rent A Car and Budget Rent A Car
Eligibility
Credit Score
FairAnnual Income
N/A
*†Terms and conditions apply.
Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on this TD credit card, please click the Apply Now button. Check here for full details and current product information.
Welcome Bonus Details
Earn up to $50 in Cash Back Dollars† with the TD Cash Back Visa Card. Conditions apply. Offer effective as of June 4, 2025.
- Earn $10 in Cash Back Dollars on first purchase with your card†.
- Earn an additional $40 in Cash Back Dollars when you reach a spend of $1,500 in the first 3 months of account opening†.
- Cash Back Dollars can be redeemed to help pay down your account balance†.
Card Details
Interest Rates
Purchase APR
21.99%
Cash Advance APR
22.99%□
□ Cash advance rate for Quebec residents is 21.99%
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, 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.
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.
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.
Compare to Similar Cards
| TD Cash Back Visa* Card | Rogers Red World Elite® Mastercard® | Simplii Financial™ Cash Back Visa* Card | Tangerine® Money-Back World Mastercard®* | SimplyCash® Card from American Express | Neo World Mastercard® | |
|---|---|---|---|---|---|---|
Welcome Bonus | Earn up to $50 in Cash Back Dollars† with the TD Cash Back Visa Card. Conditions apply. | Get $60 in cash back value(1) | 8% cash back† up to $1,000 in spending | $120 bonus after spending $1.5k in 3 months†† + 1.95% balance transfer promo rate for 6 months† | Up to $100 in Statement Credits | N/A |
Earn Rates |
|
|
|
|
|
|
Insurance Included | 2 types
| 7 types
| 2 types
| 4 types
| 3 types
| 2 types
|
Benefits | 2 benefits
| 2 benefits
| None | 3 benefits
| 1 benefit
| None |
Annual Fee | $0 | $0 | $0 | $0 | $0 | $0 |
Income Requirements | N/A | $80,000 personal or $150,000 household | $15,000 household | $50,000 personal or $80,000 household | N/A | $50,000 personal or $80,000 household |
Apply Now | APPLY NOW | Learn More | Learn More | APPLY NOW | APPLY NOW | APPLY NOW |
.svg){kind=small}
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.
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. You can collect even more cashback when you redeem your rewards towards service purchases. 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, making it slightly less accessible.
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.
Benefits and Perks
4 Benefits of the TD Cash Back Visa Card
Here are the benefits to owning a TD Cash Back Visa Card:
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.
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.
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
About the author
Sara Skodak
Lead Writer
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 ...
SEE FULL BIOAbout the editor
Kevin Shahnazari
Credit Card Expert
Kevin started FinlyWealth and juggles a bit of everything—digging into data, running our marketing, and keeping the finances on track. Before this, he spent years as a data scientist at tech companies...
SEE FULL BIOAbout the reviewer
Abid Salahi
Credit Card Expert
Abid leads the design and engineering of the FinlyWealth website, making sure everything runs smoothly and looks great. He’s a seasoned software engineer who follows best practices and designs interfa...
SEE FULL BIOWhat's on this Page
Get personalized rewards estimates — see exactly how much you could earn.
TD Cash Back Visa* Card Cash Back Calculator
APPLY NOW
on TD's website