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TD Cash Back Visa Infinite: High Cashback, Steep Fees
Get 10% cashback in the first 3 months on eligible purchases up to C$3,500. But watch out for the C$139 annual fee after year one.
The Quick Version
The TD Cash Back Visa Infinite Card offers a tempting 10% cashback on eligible purchases for the first three months, up to C$3,500. After the initial year, the C$139 annual fee kicks in, which can be offset by a TD All-Inclusive Banking Plan. The catch? A high APR ranging from 21.99% to 22.99% makes it crucial to pay off your balance monthly.
Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.
TD Cash Back Visa Infinite Card
TD Cash Back Visa Infinite Card offers strong early rewards but watch the fees.
Fees & Rates
According to TD's official page, the card comes with a C$139 annual fee, waived for the first year. The purchase APR is 21.99%, with cash advances at 22.99%. Additional cardholders cost C$50 per year, though subsequent cards are free.
What's Actually Good
The standout feature here is the 10% cashback offer in the first three months, capped at C$3,500. This can mean up to C$350 back in your pocket quickly. Add to that an annual fee rebate with a TD All-Inclusive Banking Plan, and it becomes a lucrative option if you can leverage these benefits.
The Catch
The card's high APR of up to 22.99% is a significant downside, particularly if you carry a balance. After the first-year fee waiver, the C$139 annual fee can be a dealbreaker unless you maximize the cashback and other benefits.
This Card Is For You If...
This card suits high spenders who can hit the C$3,500 cap in three months and those already banking with TD, as they can waive the annual fee with a TD All-Inclusive Banking Plan. It's not ideal for those prone to carrying a balance due to the high APR.
The Bottom Line
The TD Cash Back Visa Infinite Card is a great short-term choice for cashback maximizers who can avoid interest charges. For a no-fee alternative, consider the Tangerine Money-Back Card.
