"What makes the TD Business Select Rate Visa different from other business credit cards?"

"The TD Business Select Rate Visa is a low-interest business credit card — its primary advantage is a reduced purchase interest rate (typically around 11.99%) compared to the standard business credit card rate of 19.99%. This makes it fundamentally different from rewards business cards like the TD Business Cash Back Visa Infinite or American Express Business Edge: instead of maximising rewards points on paid balances, it minimises the cost of carrying a business balance. It is designed for business owners who sometimes carry a monthly balance and want to reduce interest costs as a primary financial strategy."

"Does the TD Business Select Rate Visa earn rewards?"

"No — the TD Business Select Rate Visa is a low-interest card, not a rewards card. You trade the rewards (cash back, travel points) for a significantly lower interest rate. If you pay your balance in full every month, a rewards card like the TD Business Cash Back Visa Infinite ($149/year) or American Express Business Edge ($99/year) will deliver more total value through rewards than the TD Business Select Rate Visa saves you in interest. The Business Select Rate Visa is worth it specifically when you carry a significant recurring monthly balance on your business card."

"When does the math favour a low-rate business card over a rewards card?"

"The math favours a low-rate card when your average monthly carry balance × 8–10% interest saving exceeds the rewards you'd earn elsewhere. Example: if you carry $5,000/month on your business card, standard rate 19.99% costs ~$83/month in interest. At 11.99%, the cost is ~$50/month — saving ~$33/month or ~$396/year. Compare that to a 1.5% cash back card earning $75/month on $5,000 spend (with no interest savings). In this scenario: low-rate card saves $396/year in interest; rewards card earns ~$900/year in cash back at 1.5% on $5,000/month — the rewards card wins even with the interest cost. The low-rate card typically wins when you carry very high balances with relatively low monthly charges."

"Can I add employee cards to the TD Business Select Rate Visa?"

"Yes — the TD Business Select Rate Visa supports employee (supplementary) cards, allowing employees to make business purchases on the account. Verify the current employee card fee (if any) at td.com. Employee cards on a low-rate business card provide the same interest rate benefit — useful if employees sometimes make large purchases that carry forward on the account. The business owner is responsible for all charges on the account."

"What other TD business credit cards are available?"

"TD's business card portfolio includes: (1) TD Business Select Rate Visa — $49/year, ~11.99% interest, no rewards; (2) TD Business Cash Back Visa Infinite — $149/year, 3% grocery/gas, 1.5% all other (verify at td.com); (3) TD Business Travel Visa — $149/year, TD Rewards points, travel insurance (verify at td.com); (4) TD Aeroplan Visa Business — earns Aeroplan miles on business purchases. The right card depends on whether reducing interest costs or maximising rewards is the primary business objective. Verify current card details and rates at td.com/business."

TD Business Select Rate Visa Review 2026: Is It Worth It in Canada?

The TD Business Select Rate Visa is TD’s low-interest business credit card — charging approximately 11.99% on purchases and cash advances instead of the standard 19.99% business rate. With a $49 annual fee, it is designed for small business owners who sometimes carry a monthly balance on their business credit card and want to reduce the ongoing interest cost, rather than maximising rewards points.

Quick Verdict

Best for: Small business owners who regularly carry a monthly balance on their business credit card and want to minimise interest charges — the lower rate (typically ~11.99% vs. 19.99%) saves money for businesses that don’t always pay their card in full each month.
Not ideal for: Businesses that pay their balance in full every month — a rewards card (TD Business Cash Back Visa Infinite, Amex Business Edge) will deliver far more value through cash back or points.

Key Card Details

Feature	Detail
Annual fee	$49
Network	Visa
Purchase interest rate	~11.99% (verify at td.com — subject to change)
Standard rate comparison	19.99% on most rewards business cards
Rewards	None
Employee cards	Yes — verify fee at td.com
Business banking	TD Business banking account recommended

Card terms, rates, and fees are subject to change. Verify all current details at td.com before applying.

Interest Savings: The Math

Scenario	Standard Rate (19.99%)	Select Rate (~11.99%)	Annual Saving
$1,000 avg monthly balance	$200/year interest	~$120/year	~$80/year
$3,000 avg monthly balance	$600/year interest	~$360/year	~$240/year
$5,000 avg monthly balance	$1,000/year interest	~$600/year	~$400/year
$10,000 avg monthly balance	$2,000/year interest	~$1,200/year	~$800/year

Approximations only. Verify exact rate and calculate based on your specific monthly balance.

Low-Rate Card vs. Rewards Card: Which Wins?

Scenario	Low-Rate Visa (no rewards)	Rewards Business Card
Pay in full monthly	Saves $0 in interest vs. rewards card	Earns cash back / points
Carry $2,000/month	Saves ~$160/year in interest	Earns ~$240–$360/year cash back
Carry $8,000/month	Saves ~$640/year in interest	Earns ~$960–$1,440/year cash back

Key insight: For most business spending levels, a well-chosen rewards card (1.5–3% cash back) outperforms the interest savings — unless your balance consistently exceeds your monthly charge volume significantly. Use a low-rate card when you must carry balances; use a rewards card when you can pay in full.

TD Business Credit Card Comparison

Card	Annual Fee	Interest Rate	Rewards
TD Business Select Rate Visa	$49	~11.99%	None
TD Business Cash Back Visa Infinite	$149	19.99%	3% grocery/gas
TD Business Travel Visa	$149	19.99%	TD Rewards Points
TD Aeroplan Visa Business	Verify	19.99%	Aeroplan Miles

Who Is the TD Business Select Rate Visa Best For?

Ideal cardholders:

Small business owners in TD’s business banking ecosystem who regularly carry $3,000–$10,000+ on a business card month to month
Seasonal businesses with lumpy cash flow where large balances sometimes carry between months
Those who want the simplest possible business Visa with no rewards complexity — just a lower rate

Less suitable if:

You pay your business card in full monthly — a rewards card delivers much more value
Your business charges under $5,000/month — the interest savings rarely justify giving up rewards at lower spend levels
You want Aeroplan miles or cash back — a rewards business card is the better tool

Bottom Line

The TD Business Select Rate Visa serves a specific, legitimate need: businesses that sometimes carry a monthly balance and want to reduce interest costs. At ~11.99% vs. the standard 19.99%, the savings can be substantial for high-balance businesses. However, for the majority of small businesses that can pay their credit card in full monthly, rewards business cards — TD Business Cash Back Visa Infinite, Amex Business Edge — deliver significantly more value.

Card terms, interest rates, and features are subject to change. Verify all current details at td.com before applying.