The TD Cash Back Visa is TD Bank’s entry-level no-annual-fee cash back credit card in Canada. It’s designed for Canadians who want a straightforward cash back card without paying a yearly fee—making it ideal for those starting out with rewards credit cards or looking for a backup card.
Quick Verdict
Best for: Canadians who want a no-annual-fee TD credit card with basic cash back rewards and no income requirement.
Not ideal for: High spenders who would be better served by the TD Cash Back Visa Infinite (3% on groceries, gas, and recurring bills) or those wanting premium travel perks.
Key Card Details
| Feature | Details |
|---|---|
| Annual Fee | $0 CAD |
| Network | Visa |
| Reward Type | Cash back |
| Income Requirement | None stated |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Foreign Transaction Fee | 2.5% |
Note: Specific earn rates and welcome bonuses change periodically. Visit td.com for current offers.
Welcome Bonus
TD periodically offers welcome bonuses on the Cash Back Visa (e.g., earn cash back at an accelerated rate in the first few months). Check td.com for the current promotion.
Earn Rates
Earn rates for the TD Cash Back Visa are updated by TD and should be verified at td.com. As an entry-level card, earn rates are lower than the Infinite version but come without any annual fee.
Benefits and Perks
- No annual fee — zero cost to carry
- Purchase security — coverage against theft or damage on eligible purchases
- Extended warranty — doubles manufacturer’s warranty on eligible items
- TD MySpend — real-time spending tracker via the TD app
- Contactless payments — tap to pay for speed and convenience
Fees and Rates
| Fee | Amount |
|---|---|
| Annual Fee | $0 |
| Purchase Interest | 19.99% |
| Cash Advance | 22.99% |
| Foreign Transaction | 2.5% |
| Balance Transfer | Promotional rates may apply |
TD Cash Back Visa vs. TD Cash Back Visa Infinite
| Feature | TD Cash Back Visa | TD Cash Back Visa Infinite |
|---|---|---|
| Annual Fee | $0 | $139 |
| Grocery Earn Rate | Lower | 3% |
| Gas Earn Rate | Lower | 3% |
| Recurring Bills | Lower | 3% |
| Income Requirement | None | $60,000 personal |
| Travel Insurance | No | Yes |
For most Canadians who spend heavily on groceries, gas, and subscriptions, the TD Cash Back Visa Infinite at $139/year typically offers better overall value. The no-fee version suits lighter spenders or those just starting out.
Who Is This Card Best For?
- Students or young adults building credit without paying an annual fee
- Light spenders who want a simple cash back card from TD
- TD banking customers who prefer to consolidate with their bank
- Backup card holders who want a no-fee Visa alongside a premium card
Alternatives
| Card | Annual Fee | Cash Back | Best For |
|---|---|---|---|
| TD Cash Back Visa Infinite | $139 | Up to 3% | Heavy grocery/gas spenders |
| Tangerine Money-Back Card | $0 | 2% (chosen categories) | Flexible no-fee cash back |
| Scotiabank Momentum No-Fee Visa | $0 | Up to 1% | No-fee Scotia cash back |
| BMO CashBack Mastercard | $0 | Up to 3% groceries (first 3 mo) | Best no-fee grocery cash back |
Bottom Line
The TD Cash Back Visa is a solid no-annual-fee starter card for TD customers who want cash back without commitment. However, if you’re spending over ~$500/month on groceries and gas combined, the TD Cash Back Visa Infinite earns enough to offset its $139 fee many times over.
Disclaimer: Card terms, earn rates, and features are subject to change. Verify all current details at td.com before applying.