One of Canada’s main financial institutions, TD Bank stands out for its significant presence in the Canadian and North American banking markets.
Founded in 1855, TD Bank has built a solid reputation over the years, offering a wide range of banking services, from checking and savings accounts to investment and financing products.
The TD Cash Back Card offers to its clients an exciting and rewarding spending experience!
Imagine earning cashback with every purchase, turning everyday spending into rewards.
Pros and Cons of the Credit Card
Pros:
- High cashback rates on everyday purchases;
- Comprehensive travel insurance;
- Access to Visa Infinite benefits.
Cons:
- Annual fee;
- High-income requirements;
- Foreign transaction fees.
Credit Card fees
The TD Cash Back Visa Infinite Card comes with an annual fee of $120, which is waived for the first year as a promotional offer.
Additionally, there is a fee of $50 for each additional cardholder. The interest rate for purchases is 20.99%, and for cash advances, it is 22.99%.
If you miss a payment, a late fee will be applied, and there may also be fees for exceeding your credit limit or for returned payments.
Foreign transaction fees are 2.5% of the transaction amount, which can add up if you frequently make purchases in foreign currencies.
While the card offers high cashback rates, it’s essential to manage your payments to avoid these additional charges.
About TD Bank
TD Bank, officially known as The Toronto-Dominion Bank, is one of Canada’s Big Five banks and has a strong reputation for providing a wide range of financial services.
This institution has grown to serve millions of clients worldwide, offering personal banking and wealth management to corporate and investment banking.
The bank is known for its commitment to customer service, innovation, and community involvement, making it a trusted name in the financial industry.
Application
Applying for the TD Cash Back Visa Infinite Card is a straightforward process that can be completed online, over the phone, or in person at a TD Bank branch.
You’ll need to provide personal information such as your name, address, and contact details, as well as financial information including your income and employment status.
The card has a high-income requirement, typically $60,000 for individuals or $100,000 for households, so you’ll need to meet these criteria to be eligible.
Once the application is approved, the customer will receive their card in the mail within a few business days. After activating it, they can start earning cash back on their purchases right away.
The application process is designed to be quick and user-friendly, ensuring that individuals can start enjoying the benefits of their new card as soon as possible.
Why apply for this credit card?
There are several compelling reasons to apply for the TD Cash Back Visa Infinite Card. First and foremost, the high cashback rates on everyday purchases like groceries, gas, and dining can help clients save a significant amount of money over time.
The comprehensive travel insurance and access to Visa Infinite benefits add an extra layer of value, making this card ideal for frequent travelers and those who enjoy premium services.
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