TD Cash Card Review

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The TD Cash Card from TD Bank is a quality cash-back card geared toward foodies and grocery shoppers. It’s a worthy option for your wallet—if you happen to live in a region where TD Bank does business.

TD Cash Credit Card

Overall Rating
TD Cash Credit Card
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 12.99% - 22.99% variable
Annual Fee $0
Rewards Earning Rate Earn 3% cash back on dining, 2% at grocery stores, and 1% on all other eligible purchases.
Foreign transaction fee (%) 3%
Ratings Breakdown
for Interest
for Fees
for Rewards
for Credit
Current Offer

Earn $150 cash back when you spend $500 within 90 days after account opening.

Who Is This Credit Card Best For?

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    Savvy Saver

If you find that a lot of your credit card spending is done at restaurants or supermarkets, and you want to earn some cash back, this card could be a great fit for you. The TD Cash Card works like most cash-back credit cards in that it’s simple to earn and redeem rewards. 

However, this card is only offered in 15 states (plus the District of Columbia), so you can only be approved if you live in those locations (more about this below).

  • Easy-to-earn new-cardholder bonus

  • 0% introductory rate for balance transfers

  • Limited availability

  • No bonus points on gas

Pros Explained

  • Easy-to-earn sign-up bonus: The current offer isn’t the best you can get from a no-annual-fee cash-back card right now, but we like that it’s easy to earn. You only have to spend $167 per month for three months after opening your account to put $150 back in your wallet as a new-cardholder bonus.
  • 0% introductory rate for balance transfers: If you have a nagging balance on another card that you’d like to tackle or a large purchase to finance, the TD Cash Card gives you 12 billing cycles to pay without interest. This promotional BT offer is in line with or better than similar cash-back card deals on the market today.

Cons Explained

  • Limited availability: Currently, the TD Cash credit card is available for customers in 16 regions: Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and Washington, D.C.
  • No bonus points on gas: Since this card is generally focused on “everyday” spending, it’s worth noting that gas doesn’t score any bonus points. Some cards that spotlight groceries and dining also give gas station purchases a bump up.

TD Cash Card Bonus for New Cardholders

Spend $500 within three months of account opening to get 15,000 points, which is equivalent to $150 in cash back. This is a pretty typical offer for a no-annual-fee cash-back card, but not the most valuable available right now. What makes it attractive is the low minimum spending qualification, whereas some cards require $1,000 or more.

Expect your bonus to show up in six to eight weeks after you meet the spending requirement.

Earning Points & Rewards

The TD Cash Card is a solid product that offers higher rewards for food and grocery-related spending. You’ll earn 3% cash back on dining purchases, 2% back at grocery stores, and then 1% back on everything else. With this card, cash back is awarded as points, and each point is worth 1 cent. 

So, if your budget includes spending $400 a month on dining out, $600 a month on groceries, and then you use the card for another $500 in miscellaneous expenses, that spending will earn you $348 in regular cash back plus the $150 dollar bonus for a total of $498 in rewards during your first year with the card.

Purchases from superstores and/or warehouse clubs don’t count as “grocery store” purchases and may only earn 1% cash back. That’s something to consider if the bulk of your grocery shopping takes place at Walmart, Target, or Costco.

Redeeming Rewards

The beauty of the TD Cash Card is you don’t have to do any number crunching—the value of your points is 1 cent per point when you redeem. For cash back, you must accumulate at least 2,500 points ($25) to redeem as either a statement credit or direct deposit into a U.S. checking or savings account.

Points may also be used toward gift cards, travel, or merchandise. If you decide to use points for merchandise, your points may be worth less than 1 cent each, so shop carefully.

How to Get the Most Out of This Card

To maximize the rewards with cash-back cards in general, simply use them for the spending you’d do anyway, especially in the bonus categories. In other words, don't spend more than you normally would just to earn rewards.

The TD Cash Card is no exception, especially if you spend more on dining out and grocery shopping than on gas or travel, since you’ll earn extra points for those categories.

To get a boost in points, meet the minimum spend in the first three months to earn the $150 new-cardholder bonus. From there, aim to pay your balance in full each month, so finance charges don’t wipe out what you’ve earned.

To squeeze the most cash back out of your spending, consider pairing this card with another cash-back credit card that earns 1.5% or 2% on everything. You could use the TD Cash Card for dining and groceries, and the other card for everything else.

Customer Experience

TD Bank ranked fifth of 11 regional banks in J.D. Power’s 2020 credit card customer satisfaction survey, earning a score of 802 out of 1,000. It earned average ratings and came in seventh out of 10 in the 2020 U.S. Banking Mobile App Satisfaction Study. TD Bank also tied for third place in the U.S. Online Banking Satisfaction Study. However, it was not ranked in the credit card specific website and app studies. 

You can reach customer service through a 24/7 hotline, or via Facebook Messenger. You can also access a free VantageScore and credit education tools when logging in to TD Bank Online Banking.

Security Features 

The TD Cash Card has standard security features, including Visa’s “Zero Liability Policy,” meaning you’re not responsible for any fraudulent charges placed on your card if you report it quickly. If your card is lost or stolen, you can get an immediate replacement at a TD Bank branch; however, TD branches are only located in limited areas.   

TD Cash Card’s Fees 

The TD Cash Card has the typical fees you’d find among similar cards, but since there is no annual fee, other fee-based costs can be avoided with responsible credit use. 

Next Steps
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See how this card stacks up to the competition
TD Cash Credit Card
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 12.99% - 22.99% variable
Annual Fee $0
Rewards Earning Rate Earn 3% cash back on dining, 2% at grocery stores, and 1% on all other eligible purchases.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. J.D.Power. "Customers Losing Faith in Credit Card Issuers as COVID-19 Pandemic Lingers, J.D. Power Finds." Accessed Feb. 26, 2021.

  2. J.D. Power. "Bank and Credit Card Provider Investments in Easy-to-Use Digital Tools Pay Off, J.D. Power Finds." Accessed Feb. 26, 2021.