TD Cash Card Review

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The TD Cash Card from TD Bank is a top-notch cash-back card geared toward foodies and grocery shoppers. While the rewards-earning rates are on par with similar cards that also don’t have an annual fee, the TD Cash Card slightly edges out the competition thanks to a superior sign-on bonus and other perks. Unfortunately, it’s only offered in certain parts of the United States.

TD Cash Credit Card

overall rating
3.9
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 (%) 14.99% - 24.99% 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 (%) 0%
Ratings Breakdown
for Interest
2.0
for Fees
4.4
for Rewards
3.9
for Credit
4.0

Earn $200 cash back when you spend $500 within 90 days after account opening

Who is This Credit Card Best For?

  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need
    Savvy Saver
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain
    Deal Seeker

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 worthy fit for your wallet. The TD Cash Card works like most cash-back credit cards in that it’s simple to earn and redeem rewards. This particular card stands out, however, because its sign-up bonus is higher than what typical cards in this category offer.

If you have "fair" to "excellent" credit, you may qualify for this card, and it’s a solid choice if you’re looking for a cash-back card.

The card is only offered in 16 states, plus the District of Columbia. (More on that below.)

Pros

  • Large sign-up bonus

  • 0% introductory rate on balance transfers

  • No foreign transaction fee

Cons

  • Limited availability

  • No promotional introductory rate for purchases

  • No extra points at warehouse clubs or superstores

Pros Explained

  • Large sign-up bonus: Among cash-back cards, it’s difficult to find a better sign-up bonus for a $500 minimum spend; most bonuses for cards without an annual fee are $150, but this one is $200. 
  • 0% introductory rate on balance transfers: If you have a nagging balance on another card that you’d like to tackle, the TD Cash Card gives you 12 months to do so without paying interest.
  • No foreign transaction fee: If you’re someone who travels abroad, this can be a tie-breaking benefit to consider since it will save you between 1% and 3% on all foreign purchases. 

Cons Explained

  • Limited availability: Currently, the TD Cash credit card is only available for customers in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia, and Washington, D.C.
  • No promotional introductory rate for purchases: If you’re looking for some wiggle room on a big upcoming purchase you need to make, the TD Cash Card’s lack of a 0% introductory period on purchases might steer you toward a different product instead.
  • No extra points at warehouse clubs or superstores: Purchases from superstores and/or warehouse clubs don’t count as “grocery stores” and may only earn 1% cash back. That’s something to consider if the bulk of your shopping takes place at Walmart, Target, or Costco.

TD Cash Card Sign-up Bonus 

Spend $500 within three months of account opening to get 20,000 points, which is equivalent to $200 in cash back. Most cash-back cards without an annual fee only give a $150 sign-up bonus for the same spend, so you’ll be getting an additional $50 right off the bat with the TD Cash Card. 

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. When compared to the other major dining-focused, no-fee cash-back card on the market, you’ll be missing out on that card’s potential 3% back on entertainment purchases. But if that’s not a big area of spending for you, the TD Cash Card is the winner for its overall value–especially given its higher sign-up bonus and lack of foreign transaction fee. 

If your budget includes spending $100 a week on dining out, $150 a week on groceries, and then you use the card for another $500 in miscellaneous expenses each month, that spending will earn you $548 in cash back in the first year (when adding in the $200 sign-up bonus). 

As long as you keep the account open and in good standing, your points won’t expire, and there is no limit on how much you can earn on groceries.

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, that’s the one option for which 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 normally spend more on dining out and grocery shopping than on other types of expenses, since you’ll earn extra points for those categories. 

To get a boost in points right away, meet the minimum spend required in the first three months to earn the sign-up 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

Although TD Bank isn’t listed in J.D. Power’s credit card customer satisfaction survey, it earns average ratings for customer satisfaction with its banking mobile app, and ranks third out of 22 companies for its U.S. online banking experience. 

You can reach customer service through a 24/7 hotline. 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 1 cent of 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 or foreign transaction fee, other fee-based costs can be avoided with responsible credit use. 

For TD Cash Credit Card

Compare This Card

See how this card stacks up to the competition
CURRENT CARD
TD Cash Credit Card
overall rating
3.9
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 (%) 14.99% - 24.99% 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.