The TD Business Mastercard is TD’s no-annual-fee entry-level business credit card, offering Canadian small businesses a simple way to earn TD Rewards points on everyday spending without the overhead of a premium card fee.
Quick Verdict
Best for: TD business banking clients who want a no-fee business card for tracking expenses and earning modest TD Rewards points.
Not ideal for: Businesses with significant monthly spending that would benefit from the higher earn rates and perks of premium business cards.
Key Card Details
| Feature | Details |
|---|---|
| Annual Fee | $0 CAD |
| Employee Cards | No additional fee |
| Network | Mastercard |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Income Requirement | None specified |
Welcome Bonus
TD periodically offers welcome bonuses for new business cardholders. Check TD’s website for any current offer on the TD Business Mastercard.
Earn Rates
| Spending Category | TD Rewards Points per $1 |
|---|---|
| All eligible purchases | 2 points |
TD Rewards points are redeemable at a rate of 200 points = $1 through Expedia for TD, making the effective return approximately 1% on eligible spending.
Benefits and Perks
- No annual fee — all rewards earned are net profit
- Employee cards — add team members to consolidate business spending
- TD Business Travel Mastercard features — access to TD’s business tools and online banking
- Purchase protection — 90-day coverage on eligible purchases against theft or damage
- Extended warranty — doubles manufacturer warranty on eligible items
- Mastercard Zero Liability — fraud protection on unauthorized transactions
Fees and Rates
| Fee / Rate | Amount |
|---|---|
| Annual Fee | $0 CAD |
| Employee Cards | $0 |
| Purchase Interest | 19.99% |
| Cash Advance | 22.99% |
| Foreign Transaction Fee | 2.5% |
| Returned Payment | $48 |
Who Is This Card Best For?
The TD Business Mastercard suits:
- New businesses establishing their first business credit account
- TD banking clients who want business rewards within the TD ecosystem
- Low-to-medium spenders where no-fee positioning makes sense before justifying a premium card
Alternatives
| Card | Annual Fee | Earn Rate | Best For |
|---|---|---|---|
| TD Business Cash Back Visa Infinite | $149 | 3% on gas/office | Cash back on key categories |
| TD Business Travel Visa Infinite | $199 | 3 pts/$1 on travel | High-volume travel rewards |
| TD Business Select Rate Visa | ~$25 | None | Low-rate, no rewards |
| RBC Business Cash Back Mastercard | $0 | 1% cash back | Simple no-fee cash back |
Bottom Line
The TD Business Mastercard is a functional no-fee starter card for TD business banking clients. It’s not going to maximize rewards for a high-spending business, but it’s a solid foundation—and when your business grows, upgrading to the TD Business Cash Back Visa Infinite is straightforward within the same banking relationship.
Disclaimer: Card terms and earn rates are subject to change. Verify all current details at td.com before applying.