TD Cash Back credit cards allow Canadian cardholders to earn a percentage of their spending back as cash rewards. These cards offer different earn rates on categories like groceries, gas, and recurring bills, with options ranging from no-annual-fee cards to premium cards with added benefits. Understanding how these cards work helps Canadians choose a financial tool that aligns with their spending patterns. The ability to redeem cash back towards a credit card balance provides a straightforward way to offset everyday expenses.
How TD Cash Back Cards Work
TD Cash Back credit cards provide cardholders with Cash Back Dollars based on a percentage of their eligible purchases. The earn rates vary between different card products, with some cards offering between 1% and 3% cash back. For the premium TD Cash Back Visa Infinite Card, the earn structure is category-based. This card provides a 3% cash back rate on purchases in specific merchant categories as classified by the Visa payment network's Merchant Category Codes. These categories include Grocery Stores and Supermarkets, Gas Service Stations and Electric Vehicle Charging, Public Transit, Recurring Bill Payments, and Streaming, Digital Gaming and Media purchases. All other purchases that do not fall into these designated categories earn a base rate of 1% cash back. The cash back earned is accumulated in a pool of Cash Back Dollars associated with the account.
Cardholders can redeem their accumulated Cash Back Dollars at any time through the TD EasyWeb online banking platform or the TD Mobile App. There is no requirement to wait for a specific redemption date or for the cash back to reach a certain maturity. The cash back does not expire as long as the credit card account remains open and in good standing with TD. Redemption is typically applied as a credit to the account balance, helping to reduce the amount owed. This provides flexibility for cardholders to use their rewards according to their own financial needs and timing.
Key Features and Benefits
The TD Cash Back Visa Infinite Card includes several insurance benefits that are less common on standard cash back cards. These benefits include Travel Medical Insurance for trips outside one's home province or country, providing coverage for emergency medical expenses. The card also offers automotive benefits through a Deluxe TD Auto Club Membership, which includes Emergency Road Services such as towing and tire changes. Cardholders can access emergency cash advances of up to $500 at over one million ATMs worldwide, subject to their available credit limit. These features add value beyond the cash back earnings, particularly for individuals who travel or drive regularly.
Cardholders may also access various perks and offers from TD and partner merchants. Eligible cardholders can link their card to earn more Starbucks Stars at participating Starbucks stores under specific conditions. A promotional offer provides eligible TD cardholders with a free Uber One trial for six months, followed by a 20% discount on subsequent membership. The card was chosen as the Top Cash Back Credit Card by readers of Rewards Canada in 2024. It is important to review the official Benefit Coverages Guide provided by TD for full details, terms, and conditions on all insurance and perk offerings.
Fees and Eligibility Requirements
The TD Cash Back Visa Infinite Card carries an annual fee of $139. The interest rate for purchases is 21.99% per annum, while the interest rate for cash advances is 22.99% per annum. There is a fee for adding an Additional Cardholder to the account, which is $50 for the first additional cardholder but $0 for any subsequent additional cardholders added to the same account. A maximum of three Additional Cardholders are permitted on one account, and the Primary Cardholder remains liable for all charges made by any Additional Cardholder. To qualify for the TD Cash Back Visa Infinite Card, applicants must meet a minimum annual income requirement.
This is set at a personal income of $60,000 or a household income of $100,000. These figures are current as of April 30, 2025, and are subject to change. The annual fee for the primary cardholder can be rebated each year if the cardholder also maintains a TD All-Inclusive Banking Plan. To qualify for the first-year annual fee rebate, the primary cardholder must activate their card and make their first purchase on the account within the first three months after account opening. The first Additional Cardholder first-year annual fee rebate requires adding that cardholder while the offer is in effect.
Welcome Offer and Promotional Details
TD frequently offers a welcome promotion for new cardholders. A common offer provides up to $600 in total value, which includes earning 10% in Cash Back Dollars in the first three months on Bonus Eligible Purchases. The offer also includes an Annual Fee rebate for the first year. To receive the first-year annual fee rebate for the Primary Cardholder, the card must be activated and the first purchase made within the first three months after account opening.
To receive the first Additional Cardholder first-year annual fee rebate, the first Additional Cardholder must be added while the promotional offer is in effect. All promotional offers may be changed, withdrawn, or extended by TD at any time. These offers cannot be combined with any other offer unless otherwise explicitly indicated by TD. The specific details and calculations for the $600 total value are defined by the card's terms and conditions, which cardholders should review carefully at the time of application.
Comparing TD Cash Back Card Options
TD offers more than one cash back credit card, allowing Canadians to choose based on their preference for fees and rewards structure. The main options are the TD Cash Back Visa Infinite Card and the TD Cash Back Visa Card. The key difference is that the TD Cash Back Visa Card has a $0 annual fee. The earn rates and features differ between the cards, with the premium Infinite card offering higher earn rates and additional insurance benefits. TD also offers a TD Cash Credit Card, which allows cardholders to customize their top spend categories for cash back earnings and also carries no annual fee.
For those considering the TD Cash Back Visa Infinite Card, it is useful to compare its structure to other premium cash back cards in Canada. Many such cards use a category-based model with similar high earn rates on groceries, gas, and recurring bills. A defining feature of the TD card is its inclusion of travel and automotive insurance benefits, which are not always included with cash back cards. The following table outlines a comparison of key features for a selection of premium cash back cards, based on information available as of October 2026.
| Card Feature | TD Cash Back Visa Infinite | Competitor A | Competitor B |
|---|---|---|---|
| Groceries Earn Rate | 3% | 4% | 2% |
| Gas & EV Charging Earn Rate | 3% | 2% | 3% |
| All Other Purchases Earn Rate | 1% | 1% | 1% |
| Travel Medical Insurance | Yes | No | Yes |
When comparing cash back credit cards, it is critical to review the specific Merchant Category Codes that qualify for the higher earn rates. Cardholders should also note any annual spending caps on the categories with higher earnings, as spending typically reverts to the base earn rate once a cap is reached. The right card depends largely on an individual's specific spending patterns. It also depends on whether they value ancillary benefits like travel insurance enough to justify a potentially higher annual fee. Some premium cards with an annual fee can offer a higher ongoing earn rate than no fee cards.
Application Process and Requirements
Applications for TD Cash Back credit cards can be completed online, in person at a branch, or by phone. The online application process is designed to provide an instant response regarding the application's status. To apply, prospective cardholders must provide mandatory personal and financial information. This includes their full legal name, date of birth, home address, phone number, and email address. Applicants must also disclose their employment status, gross annual income, and residential status. TD banking specialists are available to answer questions via phone, online chat, or in person at a local branch.
During the application, the issuer will perform a credit check to assess the applicant's creditworthiness. Approval is subject to TD's internal lending criteria, which includes the minimum income requirements previously mentioned. Once approved and the card is received, it must be activated before first use. Cardholders are encouraged to set up online banking through EasyWeb or download the TD Mobile App to manage their account and redeem cash back.
Common Considerations for Cash Back Cards
When using any cash back credit card, including TD's offerings, there are several important factors for cardholders to consider. The value of cash back earnings can be quickly negated if a cardholder carries a balance from month to month, due to the high interest rates charged on purchases. The TD Cash Back Visa Infinite Card, for example, has a purchase interest rate of 21.99%. Interest charges on carried balances will typically far exceed any cash back earned, making it financially disadvantageous for those who do not pay their statement in full each month.
Cardholders should also be aware of foreign transaction fees. Most Canadian credit cards, including TD's, charge a foreign exchange fee on purchases made in a foreign currency, which is typically 2.5% or more. This fee is applied on top of the currency conversion and can reduce the net value of any cash back earned on that purchase. For individuals who frequently travel abroad or shop on international websites, a card with no foreign transaction fees may provide greater overall savings despite potentially lower cash back rates. It is also prudent to understand the specific merchant categories that qualify for bonus cash back, as classifications are determined by the payment network and not by the merchant or cardholder.
- Carrying a balance incurs interest charges that outweigh cash back earnings.
- Foreign transaction fees of 2.5% or more apply to purchases in other currencies.
- Bonus earn rates apply only to merchants with specific Merchant Category Codes (MCCs).
- Cash back does not apply to cash advances, fees, interest charges, or balance transfers.
- Promotional welcome offers have specific time limits and spending requirements.
- The primary cardholder is responsible for all charges made by additional cardholders.
- Annual fees may be waived with certain bundled banking plans, subject to conditions.
- Insurance benefits have specific eligibility criteria, limits, and exclusions.
Frequently asked questions
What is the difference between the TD Cash Back Visa and the TD Cash Back Visa Infinite?
The primary differences are the annual fee and the earn rates. The TD Cash Back Visa Infinite Card has a $139 annual fee and earns 3% cash back on categories like groceries, gas, and recurring bills, plus it includes travel insurance and roadside assistance. The TD Cash Back Visa Card has a $0 annual fee and typically offers lower cash back earn rates, and it does not include the same suite of insurance benefits. The Infinite card also has a minimum income requirement for approval.
How do I redeem my TD Cash Back Dollars?
You can redeem your Cash Back Dollars at any time through the TD EasyWeb online banking portal or the TD Mobile App. There is no minimum redemption amount required, and you can choose to apply the cash back as a credit to your account balance. Your Cash Back Dollars do not expire as long as your TD credit card account remains open and in good standing. The redemption process is designed to be simple and gives you control over when you use your rewards.
Can I get the annual fee waived on a TD Cash Back Visa Infinite Card?
You can receive an annual fee rebate every year if you hold a TD All Inclusive Banking Plan with your credit card. This plan requires maintaining a minimum balance to avoid monthly fees. A welcome offer may provide a first year annual fee rebate if you activate your card and make your first purchase within three months of account opening. The offer may be changed or withdrawn at any time.
What purchases earn 3% cash back with the TD Cash Back Visa Infinite?
The TD Cash Back Visa Infinite Card earns 3% in Cash Back Dollars on purchases at merchants classified in specific categories. These categories are Grocery Stores and Supermarkets, Gas Service Stations and Electric Vehicle Charging, and Public Transit. It also earns 3% on Recurring Bill Payments and Streaming, Digital Gaming and Media purchases. All other purchases earn 1% in Cash Back Dollars.
Is there a minimum income to apply for the TD Cash Back Visa Infinite Card?
Yes, to qualify for the TD Cash Back Visa Infinite Card, you need a minimum personal annual income of $60,000 or a minimum household annual income of $100,000. These income thresholds are a standard requirement for this premium card. The information is current as of April 30, 2025, and is subject to change. As part of the application process, you will be required to share your employment status and gross annual income. This card also carries an annual fee of $139, which can be rebated if you have a TD All Inclusive Banking Plan.
Does TD Cash Back have a welcome bonus?
Yes, the TD Cash Back Visa Infinite Card frequently features a welcome bonus for new cardholders. This offer also includes a first year annual fee rebate for the primary cardholder. To receive the fee rebate, you must activate your card and make your first purchase within the first three months after account opening. Please note that all offers may be changed, withdrawn, or extended at any time and cannot be combined with any other offer unless otherwise indicated.
Sources and further reading
- TD Cash Back Visa Infinite* Card | TD Canada Trust td.com
- The best TD credit cards in Canada 2026 ratehub.ca
- Some of the best cash back credit cards in Canada 2026 wealthsimple.com
This article explains how things work and is not financial, tax or legal advice. Rules, limits and rates change, so check the current figures with the Canada Revenue Agency, your province or your financial institution before you act.