TD Low Rate Visa Card

The TD Low Rate Visa Card features one of Canada's lowest ongoing interest rates at 12.99% and an annual fee of CA$25 after the first year.

Last checked on October 23, 2026. We may earn a commission when you click through.

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✓ Low ongoing interest rate of 12.99% ✓ Annual fee waived for the first year ✓ No rewards program means straightforward use

Data Snapshot

TD Low Rate Visa Card

Annual Fee

CA$25

APR

12.9%

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Decision Brief

With a low 12.99% interest rate, this card is great for those who carry a balance. However, the lack of a rewards program may deter those looking for perks.

See full review →

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Annual Fee

CA$25

APR

12.9%

Overview

Card details

The TD Low Rate Visa Card features one of Canada's lowest ongoing interest rates at 12.99% and an annual fee of CA$25 after the first year.

Quick Read

What stands out

💡 Honest Take: While the TD Low Rate Visa Card offers attractive low interest, users should note that many may not qualify for the lowest rates. the absence of rewards can feel limiting for those who expect more from their credit card.

Best For: This card is designed for those who manage their finances carefully and expect to maintain a balance, particularly individuals with a good credit score.

Watch Out: The annual fee kicks in after the first year, which can add to your costs if you don't pay off your balance.

Upside

Pros

  • ✓ Low ongoing interest rate of 12.99%
  • ✓ Annual fee waived for the first year
  • ✓ No rewards program means straightforward use

Tradeoffs

Cons

  • ✗ Annual fee of CA$25 after the first year
  • ✗ No rewards or cashback offers
  • ✗ Limited to users who prioritize low interest over benefits

Voice of Customers

What Customers Say

Cardholders appreciate the low interest rate but often miss having rewards or cashback options.

Deep Dive

Expert Review

This card's 12.99% APR is appealing for balance carriers, but it lacks rewards, making it less attractive for frequent spenders. The annual fee of CA$25 after the first year is reasonable, but it can add up if you're not careful. Customer service experiences vary, with some users reporting delays in response times.

The application process is but approval can depend heavily on your credit score. Those with lower scores might face challenges securing the advertised rates. For anyone considering a card with no frills, this option .

However, if you expect more than just a low-interest rate, you might want to explore other cards that include rewards or cashback. As always, read the fine print on fees and conditions before applying.

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