Introduction
Having a TD Cash Credit Card is beneficial for anybody who has to make payments for groceries. Whether you do the majority of your cooking or hire someone else to do it, using this card will earn you respectable rewards on the great majority of your food purchases. You can be eligible to receive a 3% cash back bonus on eating out (including takeout and delivery), a 2% cash back bonus on groceries, and a 1% cash back bonus on everything else every year without spending a dime more.
How To Use the TD Cash Credit Card
After your application for a TD Cash card has been approved, the first thing you should do to get the most out of your rewards is to make sure that you spend at least $500 within the first three months of using the card so that you can qualify for the welcome bonus. After that, use this card for all of your transactions in the bonus categories to get 3 percent cash back on dining out and 2 percent cash back on groceries. Remember that the 2% grocery category does not include discount merchants like Walmart or warehouse clubs like Costco. You will receive 1% cash back on all purchases (including groceries) made at the warehouse or store.
Things to Know About the TD Cash Credit Card
You Must Live In Certain States To Apply
The West Coast is not an excellent location for the TD Cash Credit Card. To be eligible for this card, you need to be a citizen or permanent resident of one of the following nations or territories: The state of Connecticut, the District of Columbia, the state of Florida, the state of Maine, the state of Massachusetts, the state of New Hampshire, the state of New York, the state of North Carolina, the state of Rhode Island, and the state of Virginia.
The Extra Cashback Categories Are Foodie-Friendly
You will receive a 3% rebate on dining out and a 2% rebate on grocery shopping. On top of that, you can get a 1% cash back return on any other transactions. How much cash do you believe you could make with something like that? Let's say that your monthly spending on food totals $500 and that this amount is split evenly between grocery stores and restaurants. A total of $450 in incentives, including the original incentive, are made available each year as part of this program.
Who It Benefits
People who spend a lot of time eating out will find the TD Cash Visa Credit Card an extremely beneficial financial tool. The TD Cash Visa Credit Card will reward you with 3 percent cash back on all purchases, whether at the top Italian restaurant in your neighborhood or getting a cup of coffee at Starbucks.
However, even if you only eat out sometimes, this card can save you money because it offers 2% cash back on purchases made at grocery stores and 1% cash back on purchases made anywhere else. Additionally, those who travel frequently may find that holding a TD Cash Visa Credit Card results in financial benefits. Using this card to transact in a foreign nation does not incur additional fees. You also get several handy bonuses, such as a free collision damage waiver when renting a car, roadside assistance, and travel and emergency support.
What Are the Fees Associated With the TD Cash Credit Card?
- With the TD Cash Credit Card, you won't have to worry about paying an annual fee.
- Every transaction in a different currency will incur an additional fee of 3%.
- The fee for transferring a balance is either 3% of the amount being transferred or $5, whichever is greater.
- The cost for a cash advance is equal to either $10 or 5% of the total amount borrowed, whichever is greater.
- If your payment is returned or made late, there is a possibility that you will be required to pay a fine of $40.
TD Cash Credit Card Rewards
Earning Rewards
You can earn rewards at the following percentages when you make purchases with a TD Bank Cash card: 3% for dining (including takeout and delivery), 2% for grocery, and 1% for anything else.
Redeeming Rewards
Once you have accumulated 2,500 points, you can cash them in for either a statement credit that will be applied to your balance or a transfer into a bank account in the United States, depending on which option better suits your needs. Within the scope of this discussion, one point is equivalent to one penny. Cash on hand provides the greatest flexibility and the potential for the greatest profit of any solution.
Pros
Unrestricted possibilities: There is no upper limit on the total number of prizes you can accumulate as long as your account is in good standing. Initial annual percentage rate (APR) of 0% for debit transfers: Balance transfers on new credit cards are free of charge for the first year following the opening of an associated account.
Cons
The TD Cash Credit Card has a 3% fee for all transactions made in a foreign currency. During the first month, you won't have to pay any interest on any purchases you make: The discounted introductory annual percentage rate (APR) that comes with the TD Cash Credit Card is only applicable to debt transfers and not to purchases.
Conclusion:
The benefits of having a TD Cash credit card are about par for the course. Although the incentive of $150 cash back after making $500 in purchases within the first 90 days is a good perk, other cards are available with advantages and features that are much more advantageous. This card's promotional period of 0% interest on balance transfers is shorter than the introductory durations offered by several other cards in the market (sometimes 18 months or more). The standard term duration for the sector is 12 months, while some issuers go for considerably longer periods. The ability to visit any TD Bank facility and speak with someone may be the aspect of the TD Cash card that appeals to customers the most. This functionality can be appreciated by people who have had a card stolen or misplaced in the past. A beneficial bonus is the availability of an option to have the card promptly replaced for those individuals who would rather not wait for a replacement card to be issued. The TD Cash card is a wonderful choice for people who frequently spend their money on things like going out to eat and buying groceries. This is an excellent alternative to have as a backup if your primary credit card has annual spending limits that hinder you from getting as much cash back as you would like to earn.
