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TD Clear Visa Platinum Credit Cards Review [2023]: No Rewards, Low Value

CREDIT CARDS - LOW INTEREST CREDIT CARDS
The TD Clear Visa Platinum Credit Cards, which comes in two variations, don’t offer rewards and charge monthly fees.
Ben Walker, CEPF
By Ben Walker, CEPF
Yahia Barakah
Edited by Yahia Barakah
Updated Sept. 7, 2023

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

We think there are better credit cards available than the TD Clear Visa Platinum Credit Cards if you want a low APR on purchases. This is mainly because you have to pay monthly membership fees, which severely limits the value of these cards.

The TD Clear Visa Platinum Credit Cards come in two variations and could make sense if you typically carry a balance. We generally don’t recommend carrying a balance, but the TD Clear Visa Platinum Credit Cards have 0% APR on purchases, so you don’t have to worry about interest charges.

Let’s dig into the details of our TD Clear Visa Platinum Credit Cards review to see if these cards are the right fit for you.

Pay No Interest

TD Clear Visa Platinum Credit Cards

TD Clear Visa Platinum Credit Cards

Compare Credit Cards

Current Offer

Pay a simple fee and predictable minimum payment each month

Annual Fee

$0 - Instead pay a $10 Monthly Membership Fee ($120 annualized) with a $1,000 credit limit or a $20 Monthly Membership Fee ($240 annualized) with a $2,000 credit limit

Benefits and Drawbacks
Card Details

In this TD Clear Visa Platinum Credit Cards review

Key takeaways

  • We don’t think the TD Clear Visa Platinum Credit Cards make sense unless you typically carry a balance, which we don’t recommend as a personal finance strategy for credit cards in general.
  • The TD Clear Visa Platinum Credit Cards have $0 annual fees. Instead pay a $10 Monthly Membership Fee ($120 annualized) with a $1,000 credit limit or a $20 Monthly Membership Fee ($240 annualized) with a $2,000 credit limit.
  • The TD Clear Visa Platinum Credit Cards have 0% APR on purchases.

Who should get the TD Clear Visa Platinum Credit Cards?

If you want a straightforward card that could help you control your spending, consider one of the variations of the TD Clear Visa Platinum Credit Cards. Both versions of the card are nearly identical.

  • TD Clear Visa Platinum Credit Card with $1,000 Credit Limit: Enables you to pay a $45 predictable minimum payment, inclusive of the monthly fee.
  • TD Clear Visa Platinum Credit Card with $2,000 Credit Limit: Enables you to pay a $70 predictable minimum payment, inclusive of the monthly fee.

Both variations of the TD Clear Visa Platinum Credit Cards don’t offer rewards. But you might like making a predictable minimum payment ($45 or $70) to use your card as much as you want, up to the credit limit, with 0% APR on purchases.

This could make it easy to avoid racking up interest charges if you typically spend a lot on credit cards and carry balances.

The TD Clear Visa Platinum Credit Cards come with $0 annual fees. Instead pay a $10 Monthly Membership Fee ($120 annualized) with a $1,000 credit limit or a $20 Monthly Membership Fee ($240 annualized) with a $2,000 credit limit.

These membership fees, when viewed annually, are considerably higher than many other credit cards from other financial institutions, including cards that provide rewards for making eligible purchases.

TD Clear Visa Platinum Credit Cards basics

TD Clear Visa Platinum Credit Cards
Card features
  • 0% APR on purchases
  • $0 late payment fees
  • $45 or $75 predictable minimum payment, inclusive of the monthly fee
Card type Low interest
Credit card issuer TD Bank
Credit card network Visa
Annual fees $0
Monthly fees Instead pay a $10 Monthly Membership Fee ($120 annualized) with a $1,000 credit limit or a $20 Monthly Membership Fee ($240 annualized) with a $2,000 credit limit
APR 0% on purchases
Recommended credit score Excellent, Good
Foreign transaction fees $0

Why we like the TD Clear Visa Platinum Credit Cards: benefits and perks

  • Two card options: You can choose to apply for the TD Clear Visa Platinum Credit Card with $1,000 Credit Limit or the TD Clear Visa Platinum Credit Card with $2,000 Credit Limit, depending on your credit needs.
  • Predictable payments: Make a predictable $45 or $70 minimum payment toward your balance, depending on the card version.
  • Few fees: The TD Clear Visa Platinum Credit Cards have $0 late payment fees and $0 foreign transaction fees.
  • Low APR: The TD Clear Visa Platinum Credit Cards have 0% APRs on purchases. Note that these aren’t intro APR offers that only last a certain amount of time. These APRs are permanent.
  • Visa credit card benefits: Both versions of the TD Clear Visa Platinum Credit Cards come with Visa Platinum benefits, such as cell phone protection and roadside dispatch.

What we don’t like about the TD Clear Visa Platinum Credit Cards: drawbacks

  • Monthly cost: These cards have $0 annual fees. Instead pay a $10 Monthly Membership Fee ($120 annualized) with a $1,000 credit limit or a $20 Monthly Membership Fee ($240 annualized) with a $2,000 credit limit. For no monthly or annual fees, check out our list of no-annual-fee credit cards.
  • No rewards: The TD Clear Visa Platinum Credit Cards don’t earn rewards or provide welcome offers. If you want to earn rewards, check out the best credit cards.
  • Address requirements: You have to live within the TD Bank footprint to apply for TD Bank credit cards. The footprint includes Connecticut, the District of Columbia, Delaware, Florida, Maine, Maryland, Massachusetts, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Virginia, and Vermont.

TD Clear Visa Platinum Credit Cards FAQ

What happens if I miss a payment on TD Clear Visa Platinum Credit Cards?

The TD Clear Visa Platinum Credit Cards charge $0 late payment fees if you miss a payment. So you don’t need to worry about additional costs with these cards. But you do have to make predictable minimum payments each month, depending on your balance and your card version. These minimum payments are either $45 or $70 per month, inclusive of the monthly fee. Late payments could also negatively impact your credit score.

Can I change my TD Clear Visa Platinum Credit Cards credit limit?

No, each variation of the TD Clear Visa Platinum Credit Cards comes with a fixed credit limit. You would receive either a $1,000 or $2,000 credit limit, depending on the version of the TD Clear Visa Platinum Credit Cards you apply for. Keep in mind that they’re essentially the same card with the same benefits, but you have different credit limits, monthly fees, and minimum monthly payments.

How can I access the TD Clear Visa Platinum Credit Cards benefits?

The TD Clear Visa Platinum Credit Cards come with a cell phone protection benefit, which you can access with your TD account by using www.cardbenefitservices.com (not TD Bank’s website) or calling 1-866-894-8569 to file claims. Note that this benefit is supplemental to any other insurance policy you might have that provides cell phone protection.

Other credit cards to consider

The TD Clear Visa Platinum Credit Cards don’t make sense if you’re trying to save money on purchases because you have to pay monthly membership fees. Many 0% intro APR credit cards have no annual fees, and you can take advantage of their 0% intro APR offers for any upcoming large purchases.

Two of our top recommendations for 0% intro APR cards include the BankAmericard® credit card and Wells Fargo Active Cash® Card. See how they compare against the TD Clear Visa Platinum Credit Cards.

Card Intro APR offers Rewards rates Annual fees
BankAmericard® credit card 0% intro APR for 21 billing cycles for any qualifying balance transfers made in the first 60 days (then 16.24% - 26.24% Variable)

0% intro APR for 21 billing cycles on purchases (then 16.24% - 26.24% Variable)

None $0
Wells Fargo Active Cash® Card 0% intro APR for 15 months from account opening on qualifying balance transfers (then 20.24%, 25.24%, or 29.99% variable)

0% intro APR for 15 months from account opening on purchases (then 20.24%, 25.24%, or 29.99% variable)

Earn 2% cash rewards on purchases $0
TD Clear Visa Platinum Credit Cards No intro APR offer, but has an ongoing 0% APR on purchases None $0 - Instead pay a $10 Monthly Membership Fee ($120 annualized) with a $1,000 credit limit or a $20 Monthly Membership Fee ($240 annualized) with a $2,000 credit limit

The TD Clear Visa Platinum Credit Cards have a 0% APR on purchases, which means interest doesn’t accrue on your balance. You’d pay $0 annual fees. Instead pay a $10 Monthly Membership Fee ($120 annualized) with a $1,000 credit limit or a $20 Monthly Membership Fee ($240 annualized) with a $2,000 credit limit.

With the BankAmericard, you pay a $0 annual fee and can benefit from multiple intro APR offers. There’s no monthly membership fee and you won’t accrue any interest on purchases or qualifying balance transfers during the intro APR period.

Read our full BankAmericard credit card review.

The Wells Fargo Active Cash has a $0 annual fee and provides intro APR offers on qualifying balance transfers and purchases. You can also earn 2% cash rewards on purchases. The TD Clear Visa Platinum Credit Cards have no rewards program, so you don’t receive any cash rewards or points for any purchases you make.

Read our full Wells Fargo Active Cash review.

Pay No Interest

TD Clear Visa Platinum Credit Cards

TD Clear Visa Platinum Credit Cards

Why We Like It

Pay a simple fee and predictable minimum payment each month

See how these cards compare:

Wells Fargo Active Cash® Card
Wells Fargo Active Cash® Card
  • $200 cash rewards bonus after spending $500 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • Intro APR on purchases and qualifying balance transfers
  • $0 annual fee
  • Rates and fees

TD Clear Visa Platinum Credit Cards: bottom line

The TD Clear Visa Platinum Credit Cards likely only make sense if you plan to carry a balance. We typically don’t recommend carrying a balance on credit cards because of high interest rates, but the TD Clear Visa Platinum Credit Cards have 0% APRs on purchases, so you really only have to worry about paying the monthly membership fee.

Still, we think there are much better options available, especially if you don’t want to worry about any monthly or annual fees or if you want to earn rewards. For our top recommendations, use our dedicated page to compare credit cards and find the right credit card offer for you.

Author Details

Ben Walker, CEPF
Ben Walker, CEPF Ben Walker, CEPF, is a Senior Credit Cards Writer at FinanceBuzz. For over a decade, he's leveraged credit card points and miles to travel the world. His expertise extends to other areas of personal finance — including loans, insurance, investing, and real estate — and you can find his insights on The Washington Post, Debt.com, Yahoo! Finance, and Fox Business.
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