TD Business Solutions Credit Card Review [2024]: A Basic No-Fee Credit Card for Your Business

CREDIT CARDS - BUSINESS CREDIT CARDS
TD Bank’s business credit card has no annual fee and earns cash back, but that may not be enough to make it worth a spot in your wallet.
Updated May 3, 2024
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Having a credit card for your business can turn everyday business expenses into valuable rewards. The TD Business Solutions Credit Card is a cashback business credit card. It has no annual fee and a decent sign-up bonus. It’s not the most prestigious business credit card, though, so if you’re looking for luxurious perks, this may not be the right card for you. Read on to learn more about the TD Business Solutions card and its benefits.

A Simple-to-Use Business Card

TD Business Solutions Credit Card
5.0

TD Business Solutions Credit Card

Current Offer

Earn 5% cash back on eligible purchases for your first 6 months, or on your first $10,000 spent (whichever comes first). Plus, earn $250 cash back as a statement credit when you spend $1,500 in the first 90 days

Annual Fee

$0

Rewards Rate

2% Cash Back on all eligible purchases

Benefits and Drawbacks
Card Details

In this TD Business Solutions Card review:

Who should get the TD Business Solutions Card?

The TD Business Solutions card is for business owners who like earning cash back on their business expenses. This TD card has decent earning rates in common business spending categories: internet, phone, and cable services, dining, and gas stations. If you spend often in these categories, you’ll love this business credit card.

If you’re looking to transfer existing credit card debt over and pay it off over time, you’ll need to find another business credit card. There’s no introductory APR offer for balance transfers with the TD Business Solutions card.

And due to the foreign transaction fee, frequent business travelers might be better off with a different business credit card. Although the TD Business Solutions card does offer decent cashback rewards, it’s lacking the travel perks you’ll find with other credit cards, such as lounge access, priority boarding, waived baggage fees, and more.

Card basics

Card type Business
Card issuer TD Bank
Annual fee $0
Intro bonus Earn 5% cash back on eligible purchases for your first 6 months, or on your first $10,000 spent (whichever comes first). Plus, earn $250 cash back as a statement credit when you spend $1,500 in the first 90 days
Reward rate 2% Cash Back on all eligible purchases
Recommended credit score Excellent, Good
Foreign transaction fee 3%

TD Business Solutions Credit Card benefits and perks

  • Generous welcome offer: New cardholders earn 5% cash back on eligible purchases for your first 6 months, or on your first $10,000 spent (whichever comes first). plus, earn $250 cash back as a statement credit when you spend $1,500 in the first 90 days. Other business cards may have higher bonuses, but this one is generous.
  • No rewards cap: Cardholders earn 2% Cash Back on all eligible purchases. And there’s no limit to the number of rewards points you can earn with the TD Business Solutions card.

Drawbacks to the TD Business Solutions Card

  • No intro APR : Unlike some other business cards, there’s no 0% intro APR offer with this card.
  • No extra travel benefits: The TD Business Solutions credit card offers few travel perks or protections.

Best ways to earn

The best way to jump-start your earnings with this card is to spend $1,500 in the first 90 days from account opening to earn the $250 sign-up bonus. Although it’s far from the best business card bonus, it’s not the worst either.

You can earn additional rewards by supplying company employees with cards, which are free through TD. There’s no specific limit to how many employee cards you can request, but TD may limit the total number.

Categories Rewards rate
All eligible purchases 2%

Maximizing your earnings

With the TD Business Solutions Credit Card, you’ll need to accumulate a minimum of 2,500 points to redeem your cashback rewards. Cash back comes in the form of either a statement credit or direct deposit into a bank account.

Points are worth 1 cent each when redeemed for cash back or other redemptions, such as gift cards or travel. You can also redeem points for merchandise, but you will not get the best value from this redemption. To redeem points, head to tdcardservices.com or call 1-888-561-8861. You can only book travel redemptions through TD’s rewards site, unfortunately — you can’t transfer points to travel partners.

TD points don’t expire as long as your account is open and in good standing. There’s no cap on points earned with the TD Business Solutions card.

TD Business Solutions Credit Card FAQs

Is the TD Business Solutions Credit Card a good card?

The TD Business Solutions Credit Card is an average credit card. Although it has a $0 annual fee and does earn cashback rewards for spending, there are few benefits beyond that. Check out our list of the best business credit cards for some other options to consider.

What credit score do you need for the TD Business Solutions Card?

To qualify for the TD Business Solutions Credit Card, you’ll likely need excellent credit — a FICO score of 800 or higher. If your credit score is not at that level yet, consider looking for business credit cards that require good or fair credit.

What credit cards are issued by TD Bank?

TD Bank currently has four credit cards available. The TD Cash Credit Card is its consumer no-fee cashback card. For travel rewards, check out the TD First Class℠ Visa Signature® Credit Card. TD’s business card is the TD Business Solutions Credit Card. And if you’re looking for a secured card, the TD Cash Secured Credit Card is designed to help build or repair your credit. The right one for you depends on your specific needs.

Does the TD Business Solutions card report to personal credit?

Yes, the TD Business Solutions card account is reported to consumer credit reporting agencies. It does not report to business credit reporting agencies.

What is the best small business credit card?

The best small business credit card for you depends on your specific needs. There are credit cards to fit the needs of almost every business, whether you need a travel rewards card, a cashback card, or a secured card.

Other cards to consider

If you spend a considerable amount of money on office supplies, check out the Ink Business Cash® Credit Card. It earns 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year; 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year; and 1% cash back on all other purchases. There’s no annual fee to worry about, and it comes with a higher sign-up bonus than the TD card — new cardmembers can earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.

For straightforward rewards that are easier to track and manage, the Capital One Spark Cash Plus offers 2% cash back on every purchase, every day; plus 5% cash back on hotels and rental cars booked through Capital One Travel. That means you earn the same rewards for all business spending, no matter what category. It also comes with a higher early spend bonus than the TD card. New cardholders earn $1,200 after spending $30,000 in the first 3 months from account opening. One drawback to this card is its $150 annual fee.

A Simple-to-Use Business Card

TD Business Solutions Credit Card
5.0

TD Business Solutions Credit Card

Why We Like It

Earn 5% cash back on eligible purchases for your first 6 months, or on your first $10,000 spent (whichever comes first). Plus, earn $250 cash back as a statement credit when you spend $1,500 in the first 90 days

See how these cards compare:

Ink Business Cash® Credit Card
Ink Business Cash® Credit Card
  • Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening
  • $0 annual fee
  • 0% intro APR on purchases for 12 months (then 18.49% - 24.49% Variable)
  • Up to 5% cash back
Capital One Spark Cash Plus
Capital One Spark Cash Plus
  • Earn $1,200 after spending $30,000 in the first 3 months
  • 2% unlimited cash back on every purchase, every day
  • Charge card with no preset spending limits
  • $150 cash bonus every year you spend $150,000 or more

Author Details

Kevin Payne Kevin Payne is a freelance writer specializing in student loans, credit cards, personal finance, and travel. He is a regular contributor to Club Thrifty, Millennial Money, and Student Loan Planner. As the budget and family travel expert behind FamilyMoneyAdventure.com, Kevin recently turned his writing side hustle into his full-time career. He lives in Cleveland, Ohio, with his wife and four kids.

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