TD Cash Back Visa credit cards are financial products offered by the Toronto-Dominion Bank that allow Canadian cardholders to earn a percentage of their spending back as cash back rewards. These rewards, known as Cash Back Dollars, can be redeemed to help pay down the credit card account balance. The cards range from a no-annual-fee basic option to a premium Visa Infinite card with higher earn rates and additional benefits. Understanding the features, fees, and eligibility requirements is important for Canadians considering these cards as part of their personal finance strategy.
Types of TD Cash Back Visa Cards
TD offers two primary cash back credit cards under the Visa banner, each designed for different spending profiles and financial situations. The TD Cash Back Visa Card is a no-annual-fee product that provides a straightforward 1% cash back rate on all purchases. This card is positioned as a basic, easy-to-use option for individuals seeking simple rewards without a recurring cost. The TD Cash Back Visa Infinite Card is a premium offering with an annual fee of $139 and requires a higher personal or household income for approval. This card features a tiered rewards structure with higher earn rates in specific spending categories, alongside a suite of insurance benefits and perks like travel medical coverage and emergency roadside service.
Earning Cash Back Dollars: Rates and Categories
The mechanism for earning rewards differs significantly between the standard and Infinite versions of the TD Cash Back Visa. For the no-fee TD Cash Back Visa Card, cardholders earn 1% in Cash Back Dollars on all purchases. The TD Cash Back Visa Infinite Card employs a category-based earn structure designed to reward higher spending in everyday areas. Cardholders earn 3% in Cash Back Dollars on purchases in several defined categories, which 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 specific merchant category codes earn 1% in Cash Back Dollars. The cash back is earned on eligible purchases as defined by the Visa payment network's merchant classification system, such as MCC 5411 for Grocery Stores and Supermarkets.
The TD Cash Back Visa Infinite Card earns 3% cash back on purchases at merchants classified under specific Visa Merchant Category Codes. These categories include Grocery Stores and Supermarkets, Gas Service Stations and Electric Vehicle Charging, and Public Transit. They also include Recurring Bill Payments, and Streaming, Digital Gaming, and Media purchases. All other purchases earn a base rate of 1% cash back.
- Grocery Stores and Supermarkets (MCC 5411)
- Gas Service Stations and Electric Vehicle Charging
- Public Transit purchases
- Recurring Bill Payments
- Streaming, Digital Gaming, and Media purchases
Purchases at merchants not in the specified categories earn 1% cash back. This includes general retail, restaurants, and travel bookings. Cash back is calculated as a percentage of the net purchase amount. The cash back dollars can be redeemed to help pay down the account balance.
Redeeming Your Cash Back
Redeeming Cash Back Dollars earned on TD Cash Back Visa cards is designed to be a flexible process. 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 a minimum redemption amount of $25, and the primary redemption method is to apply the Cash Back Dollars as a credit to help pay down the outstanding balance on the credit card account. As long as the credit card account remains open and in good standing with TD, the Cash Back Dollars do not expire, allowing cardholders the freedom to save up their rewards for a larger redemption or use them more frequently to offset their monthly balance. The process is intended to be simple, with no need to convert points or book travel, aligning with the straightforward nature of cash back rewards that many Canadian consumers prefer.
Fees, Interest Rates and Eligibility
Understanding the costs and requirements associated with a TD Cash Back Visa card is a crucial step for any applicant. The TD Cash Back Visa Card has no annual fee, while the TD Cash Back Visa Infinite Card carries an annual fee of $139. For the Infinite card, TD may offer a first-year annual fee rebate as part of promotional offers. To qualify, the primary cardholder must activate the card and make the first purchase within three months of account opening. Both cards list an annual interest rate for purchases of 21.99% and for cash advances of 22.99%. There is a fee for adding an additional cardholder: $50 for the first additional cardholder on an account, with no fee for subsequent additional cardholders, and a maximum of three additional cardholders are permitted per account. Eligibility for the TD Cash Back Visa Infinite Card includes a minimum personal annual income of $60,000 or a household annual income of $100,000, which is a standard requirement for Visa Infinite branded cards in Canada.
The TD Cash Back Visa Infinite Card has an annual fee of $139. The TD Cash Back Visa Card has no annual fee. Both cards have a purchase interest rate of 21.99% and a cash advance interest rate of 22.99%. The TD Cash Back Visa Infinite Card requires a personal income of $60,000 or a household income of $100,000.
- Annual Fee (TD Cash Back Visa Infinite Card): $139
- Annual Fee (TD Cash Back Visa Card): $0
- Purchase Interest Rate: 21.99% per annum
- Cash Advance Interest Rate: 22.99% per annum
- Foreign Exchange Fee: Typically 2.5% on transactions in other currencies
- Additional Cardholder Fee: $50 for the first, $0 for subsequent cardholders
- Minimum Personal Income (Visa Infinite): $60,000
- Minimum Household Income (Visa Infinite): $100,000
The no-fee TD Cash Back Visa Card is a basic option with a 1% earn rate on all purchases. The TD Cash Back Visa Infinite Card offers higher earn rates and additional benefits for a fee. The premium card includes travel and automotive benefits. The annual fee for the Infinite card can be rebated with a TD All-Inclusive Banking Plan.
Benefits and Insurance Coverage
The TD Cash Back Visa Infinite Card includes a range of insurance and lifestyle benefits not typically found on the standard no-fee cash back card. These benefits are a key differentiator for the premium annual fee and add value beyond the cash back earnings. The card provides Travel Medical Insurance for trips outside one's province of residence, which can be a valuable coverage for Canadian travellers. It also includes automotive benefits through an Emergency Road Service package via the Deluxe TD Auto Club Membership, offering assistance in case of a breakdown. Cardholders may also access various perks and offers from TD and partner merchants, such as the ability to link the card to earn more Starbucks Stars at participating locations and an offer for a free six-month trial of Uber One membership. The specific terms, conditions, and coverage limits for all insurance benefits are detailed in the card's Benefit Coverages Guide, which cardholders should review to understand the full scope of protection.
Welcome Offers and Promotional Value
TD frequently promotes welcome offers for the TD Cash Back Visa Infinite Card to attract new applicants. A common promotional structure involves offering up to a certain total value for new cardholders, which can include a combination of a first-year annual fee rebate and a boosted cash back earn rate for an initial period. It is important to note that these promotional offers may be changed, withdrawn, or extended at any time by TD and typically cannot be combined with any other offer unless explicitly stated. The conditions for earning the promotional cash back and the fee rebate are specific and must be met within the defined timelines, such as activating the card and making a purchase within three months of account opening.
An offer for the TD Cash Back Visa Infinite Card includes up to $600 in total value with conditions. This includes a first-year annual fee rebate and 10% cash back in the first three months on bonus eligible purchases. To get the fee rebate, the primary cardholder must activate the card and make a first purchase within three months of account opening. Offers may change or be withdrawn and cannot always be combined.
- The offer may provide up to $600 in total value, including an annual fee rebate.
- It can include 10% cash back on bonus eligible purchases in the first 3 months.
- The primary cardholder must activate the card and make a first purchase within 3 months of account opening to qualify for the fee rebate.
- To receive a rebate for an additional cardholder's fee, the first additional cardholder must be added while the offer is in effect.
- The offer cannot be combined with any other offer unless otherwise indicated by TD.
Cardholders should review the offer terms at the time of application to understand the conditions. Meeting the activation and spending requirements is necessary to receive the promotional value. The first additional cardholder fee is $50, but a rebate may be available. The offer details are subject to change by TD.
Common Considerations for Canadian Cardholders
When evaluating a TD Cash Back Visa card, several practical factors should be considered by Canadian consumers. The annual fee on the Visa Infinite card must be justified by the additional cash back earned and the value of the included benefits. For some spenders, a no-fee card may provide better net value. The category-based earn rates on the Infinite card are tied to specific merchant codes, so spending at a warehouse club or certain smaller retailers may not qualify for the higher 3% rate. Cardholders should be aware that cash back is a rebate on spending and does not offset the cost of interest charges if a balance is carried month-to-month, given the high purchase interest rate of 21.99%. For those who maintain a TD All-Inclusive Banking Plan, which requires a minimum balance of $5,000 in a chequing account, the annual fee on the TD Cash Back Visa Infinite Card can be rebated each year, effectively making it a no-fee premium card.
The application process involves providing specific personal and financial details to TD for credit assessment. Applicants will need to share their full legal name, date of birth, home address, phone number and email address, employment status, gross annual income, and residential status. Applications can be completed online with the possibility of an instant response, or individuals can speak with a banking specialist at a TD branch for in-person assistance. The primary cardholder is legally liable for all charges on the account, including those made by any additional cardholders, with a maximum of three additional cardholders permitted per account. TD also offers mobile payment options through the TD app for Android devices, allowing cardholders to make contactless payments using their phone for added convenience at point-of-sale terminals.
Comparing TD Cash Back with Other TD Cards
Within TD's portfolio, cash back cards exist alongside travel rewards cards, and understanding the differences can inform a cardholder's choice. The TD Rewards Visa Card is a no-fee alternative that earns TD Rewards points, which can be redeemed for travel through Expedia for TD, for purchases on Amazon, or for gift cards, with the value of a TD Rewards point being $0.005 for travel purchases on Expedia for TD. For frequent Air Canada flyers, the TD Aeroplan Visa Infinite card earns Aeroplan points, with the average value of an Aeroplan point estimated at $0.0144 for travel bookings, offering potentially higher value for dedicated travellers. The TD Cash Back Visa Infinite Card was chosen as the Top Cash Back Credit Card by readers of Rewards Canada in 2024, indicating its popularity and perceived value in the market. When comparing, consumers should consider whether they prefer straightforward cash back or the potentially higher-value but more complex redemption paths of travel points, based on their individual spending patterns and travel habits.
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, earn rates, and benefits. The TD Cash Back Visa has no annual fee and earns a flat 1% cash back on all purchases. The TD Cash Back Visa Infinite has a $139 annual fee, earns 3% cash back in specific categories like groceries, gas, and recurring bills, and 1% on all other purchases. The Infinite card also includes travel medical insurance and roadside assistance benefits.
How do I redeem my TD Cash Back Dollars?
You redeem your Cash Back Dollars through the TD EasyWeb online banking platform or the TD Mobile App. You can redeem at any time, provided you have accumulated at least $25 in Cash Back Dollars. The redemption is applied as a credit to help pay down your credit card account balance. Your Cash Back Dollars do not expire as long as your account is open and in good standing.
Is there a way to get the TD Cash Back Visa Infinite annual fee waived?
Yes, there are two potential ways. First, TD often runs promotions that include a rebate of the annual fee for the first year upon meeting activation and spending conditions. Second, if you maintain a TD All-Inclusive Banking Plan, the annual fee on the TD Cash Back Visa Infinite Card is rebated each year. The banking plan requires a minimum balance of $5,000 in the linked chequing account.
What are the income requirements for the TD Cash Back Visa Infinite Card?
The TD Cash Back Visa Infinite Card requires a minimum personal annual income of $60,000 or a minimum household annual income of $100,000. This information is listed in the card's summary details. These income thresholds are a standard part of the eligibility criteria for this premium credit card product. Meeting one of these minimum income levels is necessary to qualify for the card. The requirements are current as of the information available.
Does TD Cash Back Visa offer any travel insurance?
Yes, the TD Cash Back Visa Infinite Card offers travel insurance benefits, specifically Travel Medical Insurance. This is highlighted as one of the travel and automotive benefits that come with this particular card. The standard, no annual fee TD Cash Back Visa Card does not typically include these travel insurance benefits. The insurance coverages are detailed in the Benefit Coverages Guide provided with the card. Therefore, travel insurance is a feature of the Infinite version but not the basic no fee card.
What is the interest rate on a TD Cash Back Visa card?
The purchase interest rate for TD Cash Back Visa cards is 21.99 percent. The cash advance interest rate for these cards is 22.99 percent. These rates apply to both the TD Cash Back Visa Infinite Card and the no annual fee TD Cash Back Visa Card. The rates are current as of the provided information and are standard for this product line. Interest is charged on balances carried beyond the payment due date.
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.