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TD Cash Back Visa Card Review

TD Cash Back Visa Card review

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19.99% Purchase APR

22.99% Cash Advance APR

$0 Annual Fee

Good Recommended Credit Score

3.0

TD Cash Back Visa Card review

Quick overview of the TD Cash Back Visa card

The TD Cash Back Visa is a no-annual-fee credit card that allows cardholders to earn elevated rewards on gas, groceries and recurring bill payments. The no-frills card doesn’t come with a welcome offer but has some benefits, such as purchase protection, extended warranty and select car rental discounts.

✅ Who’s the TD Cash Back Visa card for?

The TD Cash Back Visa is suitable as a first credit card for students and/or TD customers who want to earn cash back on everyday purchases, particularly on gas, groceries and recurring bill payments. It’s not ideal if you’re looking to maximize rewards through a welcome offer or elevated earn rates above 1% cash back. 

Pros

Pros

  • No annual fee

  • Low eligibility requirements

  • Starbucks perks

Cons

Cons

  • Mediocre rewards earn rates

  • Limited insurance benefits

The TD Cash Back Visa offers cash back on eligible purchases at the following rates: 

  • Earn 1% in Cash Back Dollars on eligible grocery and gas purchases and on regularly recurring bill payments.
  • Earn 0.5% in Cash Back Dollars on all other purchases made with your card.
  • Link your eligible Card to earn 50% more Stars at participating Starbucks stores. Conditions apply.

Unlike some cash back cards, which allow you to redeem rewards for travel, merchandise, gift cards, etc., your only option is to redeem rewards as a credit towards your account balance. To make a redemption, you must have $25 or more in cash back.

Note: TD offers another no-fee credit card, the TD Rewards Visa. This card provides TD Rewards points instead of cash back and more flexible redemption options. 

As a basic credit card, benefits are limited. Here’s what’s included: 

  • 50% more Starbucks Stars when you link your card
  • Purchase security and extended warranty 
  • Visa Zero liability 
  • Avis and Budget Rent A Car discounts 
  • TD Auto Club Membership (optional) 
  • TD Payment Plans: Convert purchases into fixed monthly payments

As a no-annual-fee credit card, insurance benefits are limited. However, the following coverages are included: 

  • Purchase security: Covers most new items purchased with the card against physical loss, theft or damage, for up to 90 days. 
  • Extended warranty: For eligible purchases made with your card, this coverage will typically extend the original Manufacturer’s Warranty for up to one year. 
  • Visa zero liability: Covers cardholders against unauthorized transactions when shopping in-person and online. 

What people have to say about this card

I reviewed several online forums, including Reddit, for commentary on the TD Cash Back Visa. The general consensus was that it’s fine as a basic credit card, but there are better options elsewhere, so take the time to look around. In other words, don’t just get the card because, as one user put it, you’ve “been with (TD) as long as you can remember…”

👀 How the TD Cash Back Visa compares

The TD Cash Back Visa fits the bill as a no-frills credit card. But can you expect more from a card with no annual fee? Here’s a closer look at how the TD Cash Back Visa stacks up against other popular no-fee credit cards: 

TD Cash Back Visa vs. BMO CashBack Mastercard

BMO CashBack® Mastercard®*

3.5

Winner: Best No Annual Fee

5% cash back

Welcome Bonus

$401

First Year Value

$276

Annual Value

Welcome Bonus: Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.† Expires Jun 01, 2025

Learn More Apply Now On BMO's Secure Site

On the surface, the BMO CashBack Mastercard is just another big bank no-fee credit card. However, it has some advantages over other no-fee cards, including the TD Cash Back Visa. For starters, a generous welcome offer gives it a great edge,

It also offers a great standard earn rate. If you prefer Visa over Mastercard and don’t spend much on groceries, then the TD Cash Back Visa is perfectly suitable. Otherwise, the BMO CashBack Mastercard gets our nod due to its welcome offer and bonus earnings on groceries.

Disclosures:

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

TD Cash Back Visa vs. Tangerine World Mastercard

$484

First Year Value

$0

Annual Value

Learn More

The Tangerine World Mastercard is a formidable no-annual-fee credit card due to its generous welcome bonus and flexible cash back rewards.This card offers customizable cash back categories. Cardholders can choose their own categories. Categories include groceries, gas, recurring bill payments, restaurants, transportation and parking and more. Other benefits include mobile device insurance, rental car collision/loss damage insurance and various World Mastercard benefits. When compared with the TD Cash Back Visa, it’s a no-brainer. The Tangerine World Mastercard offers far more value.

TD Cash Back Visa vs. the MBNA Smart Cash Platinum Plus

5% cash back

Welcome Bonus

$393

First Year Value

$243

Annual Value

Welcome Bonus: Earn 5% Cash Back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500).

Learn More Apply Now On MBNA Credit Cards' Secure Site

If you spend a lot of money on gas and groceries, you’ll want to consider the MBNA Smart Cash Platinum Plus. This no-fee card offers accelerated earn rates. Earn 2% on gas and groceries. Get 0.5% Cash Back on all other eligible purchases. 

There is also a great welcome bonus. Other card benefits include purchase protection, extended warranty, and Avis and Budget car rental discounts. The TD Cash Back Visa has similar benefits, but its earn rate is not as rewarding.

Disclosures:

 ‡, ††, ✪, Terms and Conditions apply. 

This offer is not available for residents of Quebec. For residents of Quebec, please click here. 

Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.

Is the TD Cash Back Visa card worth it?

If you just want a basic credit card that doesn’t charge an annual fee and offers simple cash back rewards, the TD Cash Back Visa card can get the job done. However, with no welcome offer, a mediocre earning rate and limited benefits, it lags behind more attractive no-fee offerings, such as the Tangerine World Mastercard and the BMO CashBack Mastercard. For more options, check out our list of Canada’s best no-fee credit cards.

To be eligible for the TD Cash Back Visa, you must meet the following requirements:

  • Canadian resident 
  • Age of majority in your province or territory of residence 

Disclosures:

†Terms and conditions apply.

The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.

This offer is not available to residents of Quebec.

Colin Graves Freelance Writer

Colin Graves is a Winnipeg-based financial writer and editor whose work has been featured in publications such as Time, MoneySense, MapleMoney, Retire Happy, The College Investor, and more. Before becoming a full-time writer, Colin was a bank manager for over 15 years.

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†Terms and Conditions apply.