TD Cash Back Visa Infinite Card is an excellent credit cards to earn cash back on your daily spending.
New cardholders who enroll by September 5, 2022, will receive 10% cash back on purchases up to $2,000 for the first three months as a limited-time offer. Once the promotional period ends, you’ll earn 3% cash back on all qualified purchases, such as groceries, gas, and recurring bill payments, and 1% cash back on everything else. The best thing about this card is that your cash back reward will not expire as long as the account is active.
Check out this review for everything you need to know about the TD Cash Back Visa Infinite* Card.
TD Cash Back Visa Infinite Card Key Features
- $120 Annual Fee (Waived the first year)
- Up to 3% cash back on everyday spending
- Travel insurance benefits
- 20.99% purchase interest rate
- 22.99% for cash advances
- Apply here
TD Cash Back Visa Infinite Card Perks and Benefits
Welcome Offer
This card has an exciting welcome offer for new card holders. If you apply by September 5, 2022, you will receive 10% cash back on all purchases for the first three months, up to $2,000 in total spend. Gas purchases, grocery purchases, and pre-authorized payments will continue to earn 6% after the first $2,000 in purchases, up to a total spend of $3,500 for the first three months. In addition, there is no annual fee for the primary and additional card holders for the first year. However, you must activate your card and make your first purchase within the first three months of account opening to get the first-year annual fee discount.
Roadside assistance
This card offers a Deluxe TD Auto Club membership giving you access to free roadside assistance. This coverage is available 24 hours a day, 7 days a week, and is intended for roadside emergencies such as dead batteries, flat tires, and breakdowns. If you’re stuck due to a vehicle-related issue, you’ll have access to a tow to the nearest service center (up to 200 kilometers).
Save on car rentals
This card entitles you to discounts of up to 10% at Avis and Budget outlets in Canada and the United States and 5% overseas on car rentals. Furthermore, if you decline the rental agency’s insurance, you’ll be able to benefit from complimentary collision and damage insurance on the rented automobile.
Travel Insurance benefits
As a cardholder, you have access to the following insurance coverage:
- Travel insurance (delayed/lost baggage, medical coverage, 24/7 assistance)
- Rental car insurance
- Extended warranty (up to twelve months)
- Purchase protection (up three months)
TD Cash Back Visa Infinite Card Downsides
To be eligible for this card, you need to have an annual minimum income of $60,000 or a household income of $100,000, which is quite high. Other cash back cards such as the SimplyCash Preferred from American Express have lower income criteria.
Furthermore, the card charges 3% on foreign transactions, which can be costly when traveling abroad. Meanwhile, there are no transaction fees on some cash back credit cards, such as the Scotiabank Gold American Express Credit Card.
In conclusion
If you are a Canadian looking for a cash back cards that rewards you for every day spending, then the TD Cash Back Visa Infinite Card is a wonderful choice. Although it has annual fee of $120 (waived the first year), the cash back you will earn can easily offset the annual cost.