TD Clear Visa® Platinum Credit Card
- Best for: Residents of TD’s East Coast states who owe more than 57% of the limit month after month
- What Sets It Apart: No interest at all; a flat monthly fee set by the limit you choose
- Cost: $10 a month for a $1,000 limit or $20 for $2,000, billed even if you don’t use the card; $0 late, balance transfer, cash advance, and foreign transaction fees
- Features: Minimum payment of $45 or $70, fee included; cell phone protection when you pay your phone bill with the card
- Pros: Costs less than interest at the 21.19% average bank card rate once you owe more than 57% of the limit; a cost that doesn’t grow with your balance; no late fee
- Cons: Paying in full still costs $120 or $240 a year; no rewards; limits of only $1,000 or $2,000; offered only in 15 East Coast states and D.C.
Get the TD Clear Visa® Platinum Credit Card only if you’ll owe more than 57% of its limit every month. At that balance, its $10 or $20 monthly fee, charged instead of interest, costs less than a typical card’s interest. Skip it if you pay in full, since the fee is billed every month either way.
Over a year, that fee comes to 12% of the credit limit you pick. By our math, the fee costs less than interest only when you owe more than 57% of the limit, at the 21.19% average rate the Federal Reserve reported for bank credit cards in August 2026.
Key Features
- A fee of $10 a month on a $1,000 limit or $20 on a $2,000 limit, billed even if you don’t use the card
- No interest on purchases, balance transfers, or cash advances, and no fee for any of them
- A minimum payment, fee included, of $45 on the $1,000 limit or $70 on the $2,000, or the whole balance when it’s less
- No late fee, though a missed payment lets TD close the account and can show up on your credit report
- Open only to residents of CT, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT, and Washington, D.C. (in Vermont, only the $2,000 limit)
Pros
- Cheaper than a typical card’s interest above $570 owed on the $1,000 limit or $1,140 on the $2,000
- A fixed cost, the same on $100 owed as on $900
- Cell phone protection of up to $500 a claim, after a $50 deductible, when you pay your phone bill with the card
- No foreign transaction fee
Cons
- Paying in full still costs $120 or $240 a year
- No rewards
- Limits of only $1,000 or $2,000
- Aimed only at applicants with credit scores of 620 and up
- Carrying over 57% of the limit means high credit utilization on the card, which can lower your credit score
Readers in TD’s states who’ll owe more than 57% of the limit month after month pay less in fees on TD Clear than they would in interest on a typical card. Anyone who pays in full or owes less spends less on a card with no monthly fee than on TD Clear, so weigh a low rate against rewards to pick one.
Learn more about the TD Clear Visa® Platinum Credit Card or see how it compares to the best low interest credit cards.
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