![]() ![]() That means a card from here comes with the added security of knowing it’s from a trustworthy financial institution that will probably be around for a while. TD, or Toronto Dominion, was formed after the Bank of Toronto and The Dominion Bank merged in 1955, and has since become one of Canada’s big five banks. Interest rates, fees and offers will differ for Quebec residents. ![]() The TD Cash Back Visa card charges 22.99% on cash advances. But if you carry a revolving balance, interest will kick in and you’ll owe interest at a rate of 19.99% annually (which is the standard among rewards credit cards). Interest ratesĪs long as you pay off your balance in full and on time, you won’t owe any interest. Card users save a minimum of 10% off the lowest available base rates in Canada and the U.S., and a minimum of 5% off the lowest available base rates internationally on qualifying rentals at Avis and Budget. You can shop with confidence, thanks to the security and extended warranty protection. ![]() Like most entry-level cards, it’s free to carry and doesn’t charge annual fees. Since it requires no minimum income level, it’s a great option as a student credit card or anyone who’s a credit card beginner looking to establish their credit history. No annual fees or income requirementsĪccessibility is another perk of the TD Cash Back Visa card. Keep your account open and make the minimum payments by your billing due date, and your cash rewards will never expire. The big advantage of the TD Cash Back Visa card is that you can redeem right away, any time of the year, as long as the minimum redemption is $25. once per year or month) to redeem your rewards. Most cash back cards have a specific time and date (e.g. If it’s big dollar rewards you’re after, there are more lucrative options: The Tangerine Money Back Card, for example, offers up to 2% back in three spending categories and isn’t limited by an annual spend cap. It’s worth noting that the TD Cash Back Visa Card doesn’t pretend to be anything other than an entry-level card. For instance, if you spend well over $450 per month on groceries, the spending caps will put a ceiling on your earning potential in that category. This may or may not be a limitation for you, depending on how often you use your credit card. Once you hit the cap, your earn rate in that specific bonus category will drop from 1% to 0.5% for the rest of the year. There’s an imposed yearly spend cap of $5,000 within each bonus category. TD Cash Back Visa cardholders will earn 1% cash back on three bonus categories (grocery, gas and recurring bill payments) and 0.5% on everything else. Get more details about the TD CashBack Visa*Ħ Things to know about the TD Cash Back Visa Card 1. ![]()
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