TD Cash Card Review: Cash Back For Foodies [2020]

If you frequently dine out and spend big at grocery stores, you can earn rewards quickly with TD’s cash back credit card.
Last updated Sep 13, 2020 | By Kevin Payne

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If you’re looking to earn quick cash back rewards without the hassle of an annual fee, check out the TD Cash Card.

You can get $150 cash back after spending $500 in the first 90 days. Plus, simple spending categories make it a breeze to figure out when and where to use this card to maximize its earning potential, whether you like to go out on the town or enjoy a home-cooked meal. All of these perks and a $0 annual fee make the TD Cash credit card a solid choice to add to your wallet.

Quick & Hassle-Free Cash Back

TD Cash Credit Card

TD Cash Credit Card

TD Cash Credit Card

Benefits

  • $150 cash back sign-up offer
  • 0% intro APR on purchases and balance transfers
  • 3% cash back on dining
  • No foreign transaction fees


Who should get this card?

People who consider themselves foodies should consider the TD Cash Card. Cardholders earn 3% cash back on dining, 2% cash back at grocery stores, and 1% cash back on all other eligible purchases. Your cash back rewards can add up quickly whether you dine out or love to cook at home.

If you enjoy international travel but don’t want another travel rewards card with an annual fee, the TD Cash Card could also be useful. It carries no foreign transaction fees and because it's a Visa, it can be used almost everywhere.

But because this card only earns 1% on all other eligible purchases, it could make the most sense if you’re looking for a card to pair with your primary credit card to earn rewards in specific categories like dining and groceries.

TD’s credit cards are typically only available to people who live in states where TD does business, which is mostly along the Eastern seaboard. If you don’t reside in a state with TD Bank locations, you may need to explore other cash back card options.

Card Basics

Card Type Cash Back
Card Issuer TD Bank
Annual Fee $0
Intro Bonus Get $150 cash back after spending $500 in the first 90 days
Recommended Credit Score Excellent, Good
Intro APR 0% APR on balance transfers for 15 billing cycles
0% APR on purchases for 15 billing cycles
Foreign Transaction Fee None

Top Card Benefits

  • Easy-to-earn welcome offer: New cardholders can get $150 cash back after spending $500 in the first 90 days. That’s an impressive reward for such a low spending minimum.
  • Competitive cash back rates: While 1% on all other eligible purchases isn’t the greatest, earning 3% for dining and 2% at grocery stores makes it one of the best credit cards for foodies to earn cash back.
  • Nice intro APR — but balance transfers have a fee: The TD Cash Card offers a 0% APR on purchases for 15 billing cycles. It also offers a 0% introductory APR on balance transfers for the first 15 billing cycles after opening an account. If you have existing credit card debt, this could be a useful way to transfer your balance and enjoy a no-interest period while you work on paying it off. However, there is a transfer fee of $5 or 3%, whichever is greater.
  • No annual or foreign transaction fees: The TD Cash card carries a $0 annual fee, plus there are no foreign transaction fees associated with the card. It’s the perfect companion when you travel internationally.

Earning & Redeeming

Best ways to earn

Earning cash back rewards with this card from TD is simple. There are only three spending categories for cardholders to remember.

Categories Rewards rate
Dining 3%
Grocery Stores 2%
All Other Eligible Purchases 1%

This card doesn’t earn enough on most purchases to become your primary card for everyday use. But if you’re a big spender at restaurants and grocery stores, this is the card to use. If you spend $200 eating out and $500 on groceries monthly, you would earn $392 cash back in your first year after earning the sign-up bonus.

If you don’t frequently spend money in these key categories, this might not be the best card for earning cash back rewards.

Maximizing your redemptions

The best use of rewards earned from your TD Cash credit card is typically cash back. TD uses a point system, and each point is worth $0.01. That means if you earn 20,000 points, you can redeem your rewards for $200 cash back.

You can also trade in your points for travel and gift cards, and according to TD Bank, each point is worth at least one penny when used for these options. If you choose to redeem your rewards for merchandise, however, the value of your points may vary.

Common Questions

How does TD cash back work?

You’ll need a minimum of 2,500 points to redeem for cash back, which is equal $25. Points don’t expire as long as your account is open and in good standing. There are no caps on how many bonus points you can earn.

Once you hit the minimum, you can redeem for cash back or other redemptions like gift cards or travel. Rewards can be redeemed by logging in to your account on the TD Card Services website. Cash back rewards are issued in the form of a statement credit or direct deposit to a designated checking or savings account within the U.S.

What credit score do you need for a TD Cash Credit Card?

TD doesn’t have a published credit score guideline but most reward cards require good to excellent credit.

How long does it take to get a TD credit card?

It normally takes 7 to 10 business days for your new TD cash credit card to arrive after being approved.

How much are TD Bank points worth?

TD Bank points are generally worth $0.01 each, though the amount varies based on how you redeem them.

Other Cards to Consider

If the TD Cash Card isn’t the right fit for you, consider the Chase Freedom card instead. It’s one of the most popular cashback cards — and for good reason. There’s a $0 annual fee, and cardholders earn up to 5% cash back. That’s one of the highest cash back percentages offered by any card. Chase Freedom also offers a nice welcome offer; new cardholders can earn a $200 cash back bonus after spending $500 in the first 3 months.

The Capital One® SavorOne® Cash Rewards is another solid cash back choice. You can earn a $150 one-time cash bonus after spending $500 in the first 3 months, plus cardholders earn up to 3% cash back on spending. This Capital One card has a $0 annual fee and comes with a 0% intro APR for 15 months on purchases.

Quick & Hassle-Free Cash Back

TD Cash Credit Card

TD Cash Credit Card

TD Cash Credit Card

Special Offer

Get $150 cash back after spending $500 in the first 90 days

See how these cards compare:

Chase Freedom Card
Chase Freedom Card
  • $200 sign-up bonus
  • No annual fee
  • 0% intro APR on purchases
  • 5% cash back in rotating bonus categories
Capital One® SavorOne® Rewards Credit Card
Capital One® SavorOne® Rewards Credit Card
  • $150 early spend bonus
  • No annual fee
  • 0% intro APR on purchases
  • 3% unlimited cash back on dining and entertainment