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The TD Cash Credit Card is a straightforward cash back rewards credit card with no annual fee and a rewards program that favors cardholders who like to dine out often. It earns unlimited 3% cash back on all eligible dining purchases, unlimited 2% cash back on eligible grocery store purchases, and unlimited 1% cash back on all other eligible purchases, with redemption options ranging from hard cash (statement credits only) to gift cards, general merchandise, and travel.

The TD Cash Credit Card also has a solid, easily attainable sign-up bonus worth $150, plus a 0% APR balance transfer promotion that lasts for 12 months from account opening. With no foreign transaction fees, it’s also a strong choice for people who regularly travel outside the United States, but who don’t want or need travel rewards credit cards – many of which charge annual fees.

Importantly, the TD Cash Credit Card is only available to applicants in states where TD Bank operates, mostly in the eastern United States. Before you apply, check the drop-down state menu in the application to determine whether you qualify. If your state of residence does render you eligible to apply, this card is at least worthy of your consideration, even if you don’t currently bank with TD Bank.

Key Features

Sign-up Bonus

When you spend at least $500 within the first 3 months of opening your account, you get a $150 cash back bonus.

Earning Cash Back

The TD Cash Credit Card earns unlimited 3% cash back on all eligible restaurant and dining purchases, unlimited 2% cash back on all eligible grocery store purchases, and unlimited 1% cash back on all other eligible purchases.

Redeeming Cash Back

Once you accumulate at least $25 in cash back, you can redeem for a variety of options, including statement credits, gift cards, travel, and general merchandise. Points are worth $0.01 apiece when redeemed for cash equivalents, gift cards, and travel. General merchandise redemptions’ point values are more variable, and special promotions on merchandise may push up redemption temporarily on specific items.

Important Fees

There is no annual fee or foreign transaction fee. Balance transfers cost the greater of $10 or 4% of the transferred amount, while cash advances cost the greater of $10 or 5%. Late and returned payments cost up to $37.

Introductory APR

This card comes with a 0% APR on balance transfers for 12 months following your account opening date. There is no introductory promotion on purchases.

Regular APR

Once the introductory APR period ends, the TD Cash Credit Card’s balance transfer APR rises to 14.24%, 19.24% or 24.24%, depending on prevailing interest rates and your personal creditworthiness. The purchase APR falls within the same range from day one. The cash advance APR is set at 26.49% from the day you open your account, but can vary thereafter with prevailing interest rates.

Free VantageScore Credit Score

This card comes with a free VantageScore credit score on your statement and in your online account portal. It also has a host of free credit education tools that you can use to get a better sense of how to use credit responsibly.

Credit Required

This card requires good to excellent credit. Any notable blemishes in your credit history are likely to reduce your chances of approval.

Advantages

1. No Annual Fee. The TD Cash Credit Card has no annual fee, which is great news for frugal cardholders who don’t want to pay a recurring charge for the privilege of earning up to 3% cash back on select purchases.
2. Solid, Easily Attainable Sign-up Bonus. This card’s $150 sign-up bonus is attainable with only $500 in spending over 3 months. That is well within reach of most consumers, especially those who use TD Cash as their primary credit card.
3. Unlimited 3% Cash Back on Dining. The TD Cash Credit Card earns unlimited 3% cash back on restaurant purchases. If you dine out frequently, or sometimes forget to bring your lunch to work and need to grab something at the local sandwich shop or salad bar, this is a welcome benefit that can make all the difference in your decision to apply for this card.
4. Nice Introductory Balance Transfer Promotion. This card’s 12-month 0% APR balance transfer promotion is great for cardholders dealing with existing high-interest credit balances on other cards. Even if the cash back earning rates don’t pique your interest, TD Cash should be somewhere on your list of balance transfer candidates.
5. Unlimited 2% Cash Back on Grocery Store Purchases. This card earns unlimited 2% cash back on grocery store purchases. It’s pretty rare to come across a cash back card that rewards eating out and eating in, so this one’s a keeper for gastrophiles of all stripes.
6. No Foreign Transaction Fee. Frequent overseas travelers love the fact that this card has no foreign transaction fees. That’s somewhat unusual for no-annual-fee cash back cards, and a welcome juxtaposition with many popular alternatives.

Disadvantages

1. Not Available Everywhere. The TD Cash Credit Card’s most glaring drawback is that it is not available everywhere. If you live on the East Coast, you’re probably fine – it’s available in every state touching the Atlantic Ocean (not including the Gulf states), plus Pennsylvania. However, TD Bank doesn’t operate anywhere else in the U.S., meaning tens of millions of American consumers can’t take advantage of this offer. It’s possible that TD Bank will expand its operations sometime in the future, but for now, this is a major downside.
2. $25 Minimum Redemption Threshold. You can’t redeem your accumulated cash back until you reach at least $25 in earnings. If you don’t spend heavily, and thus don’t earn rewards very quickly, this can take months. Some competing cards, such as Chase Freedom Unlimited and Discover it, allow you to redeem cash back in any amount.
3. No Purchase APR Promotion. Though this card’s balance transfer promotion is welcome, it lacks a purchase APR promotion to complement it. If you’d like to make a large purchase without accumulating interest for months afterwards, you need to look for another card with a long introductory APR promotion, such as Citi Simplicity or Citi Diamond Preferred.
4. Mediocre Baseline Cash Back Earnings. This card’s unlimited 1% cash back earnings on all non-dining, non-grocery purchases is better than nothing, but it’s not particularly attractive when compared to the newer crop of flat-rate cash back cards. For example, Capital One QuicksilverOne Cash Rewards Credit Card earns a flat 1.5% back on all purchases, while Citi Double Cash Card earns 2% cash back.
5. High Cash Advance Fees. TD Cash has unusually high cash advance fees – 5% of the advanced amount. That’s a problem for cardholders who need to perform these transactions on occasion.

Final Word

The TD Cash Credit Card is a great choice for people who live in areas served by TD Bank, even if they don’t already bank with the company. If you live somewhere outside the bank’s trade area, you’re out of luck by the time being. But that’s no great loss, as there are plenty of comparable – and, in some cases, superior – cash back credit cards available to applicants from all over the United States. Your ideal cash back card is out there, as long as you’re willing to look for it.