TD Ameritrade Client Rewards Review: Earn Cash Back Plus a Bonus For Existing Customers

The TD Ameritrade Client Rewards Card offers a simple cash back process plus extra bonus points for existing TD brokerage customers.
Last updated Jan 9, 2020 | By Kevin Payne

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Not many credit cards combine rewards earning with investing, but that’s precisely what you get with the TD Ameritrade Client Rewards credit card. This cash back credit card earns an unlimited 1.5% cash back on all eligible purchases and offers a host of redemption options.

With its straightforward rewards, it’s worth a look, especially if you are an existing TD Ameritrade customer.

TD Ameritrade Client Rewards

TD Ameritrade Client Rewards

TD Ameritrade Client Rewards

Benefits

  • $100 sign-up offer
  • 1.5% rewards on purchases
  • 10% bonus when you redeem cash back in your Ameritrade account
  • No annual or foreign transaction fees


Who should get this card?

While the TD Ameritrade Client Rewards card can be for anybody, it’s designed with TD Ameritrade account holders in mind. It offers extra benefits for people with existing brokerage accounts through TD Ameritrade.

Since this credit card earns unlimited 1.5% cash back on all eligible purchases, it’s best for people who spend across a wide range of categories. If that’s not you, other cashback credit cards may offer higher earning rates in categories of interest to you.

The Client Rewards card is also a decent option for people who like to earn cash back, but don’t want to think about it too much or pay an annual fee. However, it's worth noting that other cashback cards offer a higher rewards rate. But if you're looking for simplicity, this card might be for you — earning the same rewards for every purchase makes it easy to track your cash back.

People interested in transferring existing credit card balances to a new card should look elsewhere. The TD Ameritrade Client Rewards card doesn’t offer favorable balance transfer terms. There is no introductory 0% APR available with this card.

Card basics

Annual fee $0
Intro bonus $100 cash bonus after spending $500 in the first 90 days
Recommended credit score Excellent, Good, Fair
Foreign transaction fee None

Top card benefits

  • Generous welcome offer: New account holders can earn a $100 cash bonus after spending $500 in the first 90 days, which is a relatively low spending threshold to earn a bonus.
  • No annual fee: This TD credit card comes with a $0 annual fee, allowing all of your cashback rewards to stay in your pocket where they belong.
  • Cashback boosting: TD Ameritrade brokerage clients get a 10% bonus when redeeming points for cash back into an eligible TD Ameritrade brokerage account.
  • No foreign transaction fees: With Visa’s worldwide acceptance and no foreign transaction fees, this card is perfect to use when traveling outside of the U.S.
  • A multitude of redemption options: The TD Ameritrade Client Rewards Card comes with over 600+ redemption options for cardholders to enjoy. Rewards can be redeemed for just about anything.

Earning & redeeming

Best ways to earn

The TD Ameritrade Client Rewards card makes earning rewards simple. Cardholders earn unlimited 1.5% cash back on all eligible purchases. There are no caps on rewards you can earn.

As an added perk for signing up for this TD credit card, you can earn a $100 cash bonus after spending $500 in the first 90 days.

Maximizing your redemptions

The best way to maximize your redemptions with the TD Ameritrade credit card is to be an existing TD Ameritrade brokerage customer or open a new brokerage account. If you choose to move your rewards to a TD Ameritrade brokerage account, you will earn an extra 10% in rewards. That’s $10 extra for every $100 redemption. The extra rewards are deposited into your brokerage account as well.

You can redeem your rewards after earning a minimum of 2,500 rewards points. Rewards can also be redeemed for statement credits, direct deposits, mailed checks, gift cards, travel, and more.

With this card, your rewards are worth roughly $0.01 each when used for statement credits, travel, and gift cards. The point value for other redemptions can vary. You can redeem your rewards through the Rewards Program website or by calling the TD Ameritrade customer service line.

Something to note is that redemptions into IRAs and select tax-advantaged accounts may have tax implications. Contact your tax professional or a financial advisor if you have questions about this redemption option.

Common questions

How much are 10,000 TD Points worth?

Points are worth at least $0.01 for select redemptions, like statement credits, travel, and gift cards. 10,000 TD points would be worth roughly $100.

Do TD Points expire?

TD points don’t expire as long as your account is open and in good standing. However, points can be forfeited if your account is closed due to default.

Can you redeem TD Points for cash?

Yes, TD Points can be redeemed for cash. Cash redemptions come in the form of statement credits, direct deposits into a linked bank account, or check by mail. You need a minimum of 2,500 points before you can redeem your rewards.

What can you use TD Points for?

TD Points can be redeemed for various rewards. According to TD Ameritrade, there are 600+ reward choices available with this credit card. More popular options include statement credits, travel, gift cards, online shopping, and more. Point values vary depending on the specific redemption.

Other cards to consider

Another TD credit card to consider is the TD Cash Credit Card. Its reward structure is different from the Client Rewards card’s rewards structure. With TD Cash, you’ll earn 3% cash back on dining, 2% cash back at grocery stores, and 1% cash back on all other eligible purchases. It’s a good choice if you plan to make a large purchase or want to transfer an existing credit card balance. The TD Cash card comes with introductory 0% APR on balance transfers for the first 12 billing cycles. If that’s not enough, you can also get $200 cash back after spending $500 in the first 90 days.

For people who spend more money in specific categories, the Chase Freedom may be a better option in the long run. You’ll earn 5% cash back in rotating bonus categories (up to $1,500 in combined purchases per quarter) and 1% cash back on all other purchases. Past categories have included gas stations, grocery stores, drugstores, PayPal, Chase Pay, and more. This Chase card also has a $0 annual fee, and you get a $150 cash back bonus after spending $500 in the first 3 months.

TD Ameritrade Client Rewards

TD Ameritrade Client Rewards

TD Ameritrade Client Rewards

Special Offer

$100 cash bonus after spending $500 in the first 90 days

See how these cards compare:

TD Cash Credit Card
TD Cash Credit Card
  • $200 cash back sign-up offer
  • 0% Introductory APR on balance transfers for first 12 billing cycles
  • 3% cash back on dining
  • No foreign transaction fees
Chase Freedom Card
Chase Freedom Card
  • $150 sign-up bonus
  • No annual fee
  • 0% intro APR on purchases and balance transfers
  • 5% cash back in rotating bonus categories

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