TD Cash Back Visa Infinite Card Review

30-second take

• Consider this card if you want a high return on gas and groceries, and don’t mind paying an annual fee.

• Choose something else if you’d rather accumulate points or want a low-interest card.

• Your minimum annual income needs to be $60,000, or you should have a household income of $100,000.

The basics

If you use your credit card often and want to put money back down on your balance, consider the TD Cash Back Visa Infinite Card.

• Cashback. Earn 3% cash back when you make eligible purchases of up to $15,000.00 per year on each of groceries, gas and recurring bill payments on your credit card. Earn 1% for eligible purchases above $15,000.00 and for all other spending.
• Welcome bonus. Earn 10% cash back on bonus eligible purchases for the first 3 months (up to a total spend of $3,500). Plus, get the first year annual fee waived. Conditions apply. Apply online by January 6, 2025.
• Roadside assistance. Access emergency road services with a Deluxe TD Bank Auto Club Membership.
• Product coverage. Get an extended warranty and insurance coverage on products purchased with your card.
• Travel insurance. Enjoy peace of mind when you're travelling with up to $2,000,000 Travel Medical Insurance per insured person per covered trip for 10 consecutive days. (If you or your spouse is 65+ years old, then you're covered for 4 consecutive days.) Enjoy access to toll-free Emergency Travel Assistance Services while travelling. Plus, get up to $1,000 per covered person per trip for delayed and lost baggage.
• Car rental insurance and discounts. Get a minimum discount of 10% on qualifying vehicle rentals at participating Avis and Budget locations in Canada and the US and 5% on qualifying rentals internationally.

The perks

• Contactless payments. Tap to pay if you have Apple Pay or Visa payWave (for Android).
• Zero-liability coverage. Your balance is protected in case of fraudulent activity on your account.
• Promotional offers. Access exclusive dining and entertainment offers for Visa Infinite cardholders.
• Customer support. You can get in touch with customer service any day of the week to report issues with your account.

What to watch out for

• High annual fee. The fee for this card is $139 per year.
• High interest. You’ll pay 20.99% interest on outstanding balances and 22.99% for cash advances.
• Limited flexibility. Cash back can only be used to pay off your outstanding credit card balance.
• Fee for additional cards. It will cost you $50 to add additional cards to your account up to a maximum of 3 authorized user cards.
• Minimum credit limit. Your limit has to be at, or over, $5,000, which isn’t ideal for people who don’t want to spend much on their card.
• Income requirements. There’s a minimum personal income requirement of $60,000 or household income of $100,000 to qualify.

TD Cash Back Visa Infinite Card interest rates

What should I know before I apply?

• Eligibility requirements

  To apply for a TD Cash Back Visa Infinite Card, you need to meet the following criteria:

  • Be a Canadian citizen or permanent resident
  • Be of the age of majority in the province of residence
  • Have an annual personal income of $60,000 or an annual household income of $100,000

• Required documents and information

  • Your name, residential status and contact information
  • Your Social Insurance Number (SIN) and date of birth
  • Your email address and phone number

Bottom line

The TD Cash Back Visa Infinite Card is suited to customers who want a decent return on cash back to put down on their credit card balance. The card comes with a generous welcome offer and a nice package of perks and benefits, including roadside assistance, car rental insurance, travel insurance and fraud protection. You should avoid this card if you don’t want to pay a high annual fee or if you’re looking for a low-interest card.

Credit cards offered by TD Bank

Frequently asked questions about the TD Cash Back Visa Infinite Card

• Does this credit card have a welcome offer?

  Yes, depending on when you signup. Earn 10% cash back on bonus eligible purchases for the first 3 months (up to a total spend of $3,500). Plus, get the first year annual fee waived. Conditions apply. Apply online by January 6, 2025.

• Will my cashback dollars expire?

  Your cashback dollars won’t expire as long as your account is open and in good standing.

• Can I apply online?

  Yes, you can apply by visiting the TD Bank bank website.

Picture : td.com/ca