TD Cash Credit Card

The TD Cash Credit Card is a hidden gem for "set it and forget it" customization. Unlike competitors that force you to rotate between categories or impose low spending caps, this card lets you choose your own 3% and 2% categories (like Dining and Gas) and earn unlimited rewards. However, like other TD products, it is geographically limited to the East Coast and lacks the high-tier "relationship bonuses" found with competitors like Bank of America.

At a Glance

• Welcome Offer: Earn $200 Cash Back when you spend $1,000 within the first 90 days after opening your account.
• Rewards Rate: 3% Cash Back on your choice of category; 2% Cash Back on your choice of category; 1% on everything else.
• Annual Fee: $0
• Intro APR: 0% on purchases for 15 months
• Regular APR: 18.74%, 23.74% or 28.74% Variable
• Foreign Transaction Fee: 3%
• Credit Score: Good, Excellent
• Geographic Availability: Limited to TD Bank's footprint (East Coast, US)

Overview

The TD Cash Credit Card is a "choose your own adventure" cash back card designed for consumers who know where they spend the most money. While many cards dictate where you earn points (e.g., "Dining only"), TD puts you in the driver's seat. It is best viewed as a direct competitor to the Bank of America® Customized Cash Rewards Card, but with a simpler structure that avoids quarterly spending limits.

Rewards & Benefits

The core value of this card is the 3-2-1 Structure.

• 3% Category: You choose one category to earn 3% back. Options include Dining, Grocery, Gas, Travel, and Entertainment.
• 2% Category: You choose a second category to earn 2% back.
• 1% Base: All other purchases earn 1%.
• Flexibility: You can change your category choices four times a year (once per quarter). If you don't choose, it defaults to Dining (3%) and Grocery (2%).
• Unlimited Earning: This is a critical distinction. Most cards with 3% or 5% rates cap your earnings (usually on the first $1,500 or $2,500 spent). TD Cash has no cap, making it superior for big spenders in specific categories.

Fees & Requirements

• Annual Fee: $0.
• Balance Transfer Fee: 3% (minimum $5).
• Foreign Transaction Fee: 3%.
• Credit Score: Requires Good, Excellent credit.
• Residency: You typically need a residential address within TD Bank's service area.

Borrower Experience

• App Integration: Easily managed alongside TD checking/savings accounts.
• Category Selection: Changing categories is done easily via the "TD Cash Back Program" link in online banking.

Who It’s Best For

• Big Spenders in Niche Categories: If you spend $1,000+ a month on dining or groceries, this card beats competitors that cap rewards.
• East Coast Residents: Those living in TD's footprint looking for a solid local bank card.
• Low Spenders Seeking a Bonus: The $150 bonus for only $500 in spend is incredibly accessible for students or those on tight budgets.

Who Should Skip It

• Bank of America Clients: If you have over $20k in deposits with Bank of America, their Preferred Rewards program can boost its version of this card to earn 3.75% – 5.25%, beating TD easily.
• Travelers: The 3% Foreign Transaction Fee makes this a domestic-only card.
• Rural/West Coast Residents: You likely cannot apply if you don't live near a TD Bank.

Bottom Line

The TD Cash Credit Card is the superior choice for "high spenders" who want a no-fee card. While 3% isn't the highest rate on the market, the lack of a spending cap makes TD Cash unique. If you spend $2,000 a month on dining, for example, you will earn more cash back with this card than with most competitors that cap your bonuses. It is a workhorse card for everyday life on the East Coast.