The TD Cash Back Visa Infinite makes a direct pitch to Canadians who want a no-complexity rewards card: earn 3% cash back on groceries, gas, and recurring bills, 1% on everything else, and collect an automatic annual statement credit with no points systems, no transfer partners, and no redemption portals to navigate. For a cash back card at the $139 annual fee tier, the simplicity is a genuine selling point — and the insurance package adds meaningful travel protection that many competing cash back cards lack.
Quick Verdict
Best for: Canadians who want straightforward cash back on everyday essentials — groceries, gas, and recurring bills — without engaging with a points programme or loyalty ecosystem.
Not ideal for: Those who want higher grocery earn rates (the BMO CashBack World Elite earns 5% on groceries), those who prefer travel points for better redemption value, or cardholders who spend primarily outside the three 3% categories.
Key Card Details
| Feature | Detail |
|---|---|
| Annual fee | $139 |
| Additional cardholder fee | $75 |
| Purchase interest rate | 20.99% |
| Cash advance rate | 22.99% |
| Foreign transaction fee | 2.5% |
| Income requirement | $60,000 personal or $100,000 household |
| Network | Visa |
| Welcome bonus | Verify current offer with TD |
Welcome bonus offers, earn rates, and annual fee details are subject to change. Always verify current terms at td.com before applying.
Welcome Bonus
TD periodically offers a welcome cash back bonus for new cardholders, typically applied as a statement credit after meeting a minimum spend threshold in the first few months. A first-year annual fee waiver may also be included during promotional periods.
Always verify the current welcome bonus directly with TD before applying.
A welcome cash back bonus of $300–$400 would offset multiple years of the $139 annual fee, making the first-year value proposition particularly strong when a promotion is active.
Earn Rates
The TD Cash Back Visa Infinite earns cash back across three tiers.
| Category | Cash Back Rate |
|---|---|
| Eligible grocery stores | 3% |
| Eligible gas stations | 3% |
| Eligible recurring bill payments | 3% |
| All other eligible purchases | 1% |
Annual spend calculation
Based on a household spending $2,000/month:
| Category | Monthly Spend | Rate | Monthly Cash Back | Annual Cash Back |
|---|---|---|---|---|
| Groceries | $800 | 3% | $24.00 | $288 |
| Gas | $200 | 3% | $6.00 | $72 |
| Recurring bills | $300 | 3% | $9.00 | $108 |
| Other | $700 | 1% | $7.00 | $84 |
| Total | $2,000 | $46 | $552 |
$552/year in cash back minus the $139 annual fee = $413 net annual value from everyday spending alone.
What counts as a recurring bill payment?
The recurring bill category typically includes automatic monthly charges such as:
- Cell phone and home internet bills
- Streaming services (Netflix, Disney+, Crave, Spotify, Amazon Prime)
- Home insurance and vehicle insurance
- Gym memberships
- Utility bills set up on automatic payment
Charges that do not recur automatically (one-time bills, payments made manually each month) typically earn 1% rather than 3%. Verify which transactions are categorised at 3% by reviewing your statements after setup.
How Cash Back Is Paid
Cash back accumulates automatically throughout the year and is deposited as a statement credit once annually, typically in the calendar month your account was opened. You do not need to log in or initiate a redemption — it is processed automatically.
This is a key differentiator from points programmes where you must actively manage and redeem your balance. For cardholders who want a completely hands-off approach to rewards, the automatic annual payout is a significant convenience.
Travel Perks and Benefits
While the TD Cash Back Visa Infinite is a cash back card, it includes a meaningful travel insurance package — unusual for cards in this category.
Travel emergency medical insurance
Up to $2 million in emergency medical coverage for the primary cardholder and immediate family members travelling outside their home province, for trips up to 21 days in duration.
Trip cancellation and interruption insurance
Coverage for non-refundable pre-paid trip expenses when a trip is cancelled or interrupted due to a covered reason, up to specified per-person and per-trip limits.
Travel accident insurance
Coverage for accidental death or dismemberment when travelling as a passenger on a common carrier with the full fare charged to the card.
Flight and trip delay insurance
Coverage for reasonable out-of-pocket expenses (meals, hotel, transportation) when a flight is delayed 4 or more hours.
Delayed and lost baggage insurance
Coverage for essential purchases when checked baggage is delayed 6 or more hours, and for lost, stolen, or damaged baggage when travelling on a common carrier.
Rental vehicle collision/loss damage insurance
Provides coverage for collision damage or theft when renting a vehicle for up to 48 days. Decline the rental agency’s collision damage waiver to activate this benefit.
Purchase security and extended warranty
- Purchase protection: 90 days against loss, theft, or accidental damage
- Extended warranty: Doubles the manufacturer’s warranty up to one additional year
Fees and Rates
| Fee | Amount |
|---|---|
| Annual fee (primary) | $139 |
| Annual fee (additional) | $75 |
| Purchase interest rate | 20.99% |
| Cash advance rate | 22.99% |
| Foreign transaction fee | 2.5% |
Who Is the TD Cash Back Visa Infinite Best For?
Ideal cardholders:
- Households spending $700–$1,500/month on groceries and gas who want a high, automatic earn rate with no complexity
- Canadians with significant recurring monthly bills (insurance, internet, streaming, gym) who want 3% on automatic payments
- TD banking customers who prefer to manage all financial products under one relationship
- Those who find points programmes confusing and simply want cash back applied to their statement annually
Less suitable if:
- Your grocery spending is primarily at Loblaws, Costco, or other specific chains where some cards earn at elevated rates
- You want a higher grocery earn rate (the BMO CashBack World Elite earns 5% on groceries at a lower $120 fee)
- You travel internationally and want to avoid a 2.5% foreign transaction fee
- Your household income is below $60,000 — you will not qualify for this card
How the TD Cash Back Visa Infinite Compares
| Card | Annual Fee | Grocery Rate | Gas Rate | Recurring Bills | Key Difference |
|---|---|---|---|---|---|
| TD Cash Back Visa Infinite | $139 | 3% | 3% | 3% | Strong TD insurance package |
| BMO CashBack World Elite | $120 | 5% | 3% | 2% | Higher grocery rate, lower fee |
| Amex SimplyCash Preferred | $119.88 | 4% | 4% | 1.25% | Higher grocery/gas, but Amex network |
| Scotiabank Momentum Visa Infinite | $120 | 4% | 4% | 4% | Stronger grocery, gas, and bills rates |
| MBNA Rewards World Elite | $120 | 2% everywhere | 2% | 2% | Flat 2% simplicity, lower ceiling |
TD Cash Back vs. Scotiabank Momentum Visa Infinite: The Momentum Visa Infinite ($120) earns 4% on groceries, gas, recurring bills, and transit — outperforming the TD card on all three key categories and at a lower annual fee. Unless you specifically want TD insurance coverage or a TD banking relationship, the Scotiabank Momentum Visa Infinite is the stronger earner in this category comparison.
TD Cash Back vs. BMO CashBack World Elite: The BMO CashBack earns 5% on groceries versus TD’s 3% — a meaningful difference for high grocery spenders. BMO’s $120 fee is also $19 lower. The TD card’s advantage is insurance breadth and TD banking integration.
Bottom Line
The TD Cash Back Visa Infinite is a solid, simple cash back card for TD banking customers who spend regularly on groceries, gas, and recurring bills. The 3% earn across three common categories, automatic annual cash back payout, and comprehensive travel insurance make it a well-rounded product. Its simplicity is a genuine asset for those who find points programmes unappealing.
However, competitors in the cash back space — particularly the Scotiabank Momentum Visa Infinite and BMO CashBack World Elite Mastercard — deliver higher earn rates at the same or lower fee. If you are not specifically choosing TD for banking consolidation reasons, comparison shopping across cash back cards is worthwhile before applying.
Card terms, cash back rates, welcome bonus offers, and annual fees are subject to change. Always verify current details at td.com before applying.