TD Cash Credit Card
- Best for: Households in TD Bank’s East Coast states that spend more on their 3% pick than outside their two picks
- What Sets It Apart: You choose both the 3% and the 2% category; no cap on cash back
- Cost: $0 annual fee; 18.49% to 28.49% variable APR after the intro period; 3% foreign transaction fee
- Rewards: 3% and 2% cash back in two categories you pick from dining, entertainment, gas, grocery stores, and travel; 1% on everything else
- Welcome Offer: $200 cash back after $1,000 in purchases in the first 90 days
- Availability: Residents of 15 East Coast states and Washington, D.C.
- Pros: Two categories of your choosing; picks carry over each quarter; 0% intro APR on purchases and balance transfers
- Cons: The 2% pick only matches a flat 2% card; superstores and warehouse clubs earn 1%, groceries included; new picks wait for the next quarter
Get the TD Cash Credit Card if you live in one of TD Bank’s East Coast states and your biggest card spending is in a category it lets you pick for 3% cash back. It earns more than a no-fee card paying 2% on everything only when you spend more there than outside your 3% and 2% picks.
Compared with a flat 2% card, your 3% pick earns an extra penny per dollar, your 2% pick earns the same, and everything else earns a penny less. TD Bank offers this no-annual-fee card only to residents of 15 East Coast states and Washington, D.C.
Key Features
- 3% cash back in one category and 2% in another, chosen from dining, entertainment, gas, grocery stores, and travel; 1% on everything else
- New accounts start at 3% on dining and 2% on groceries; a change made during a quarter takes effect the next quarter
- $200 cash back after $1,000 in purchases in the first 90 days
- 0% intro APR (interest rate) for 12 billing cycles on purchases and 15 on balance transfers (debt moved from other cards) made in the first 90 days, with a 3% transfer fee ($5 minimum)
- No annual fee; 18.49% to 28.49% variable APR after the intro period
Pros
- You choose both bonus categories
- Picks carry over from quarter to quarter until you change them
- No cap on cash back in any category
- Worth using for your 3% pick alone when paired with a flat 2% card
Cons
- Open only to residents of Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and Washington, D.C.
- The 2% pick earns only what a flat 2% card pays on everything
- Superstores and warehouse clubs earn 1%, groceries included
- 3% foreign transaction fee
On its own, it beats a no-fee flat 2% card for households in TD’s states that spend more on their 3% pick, such as groceries, than on everything outside their two picks. Other households in those states earn more with the TD Double Up card, a flat 2% card with no annual fee, and those who’d rather earn travel miles should compare the TD First Class card.
Learn more about the TD Cash Credit Card or see how it compares to the best cash back credit cards.
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