TD Cash Back Visa Card review
May 14, 2025
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First year value
$0
Highlights
$0
First year value
$0
Annual fee
Interest Rates
21.99%
Purchase APR
22.99%
Balance transfer APR
22.99%
Cash advance APR
Eligibility
Good
Recommended credit score
Quick overview of the TD Cash Back Visa card
The TD Cash Back Visa is a no-annual-fee credit card that allows cardholders to earn elevated rewards on gas, groceries and recurring bill payments. The no-frills card doesn’t come with a welcome offer but has some benefits, such as purchase protection, extended warranty and select car rental discounts.
✅ Who’s the TD Cash Back Visa card for?
The TD Cash Back Visa is suitable as a first credit card for students and/or TD customers who want to earn cash back on everyday purchases, particularly on gas, groceries and recurring bill payments. It’s not ideal if you’re looking to maximize rewards through a welcome offer or elevated earn rates above 1% cash back.
Earn Cash Back Dollars. Redeem them to help pay down your Account balance†.
†Terms and conditions apply.
Pros
Cons
The TD Cash Back Visa offers cash back on eligible purchases at the following rates:
- Earn 1% in Cash Back Dollars on Grocery, Gas & Electric Vehicle Charging, Public Transit, Recurring Bill Payments, and Streaming, Digital Gaming & Media Purchases†.
- Earn 0.5% in Cash Back Dollars on all other purchases made with your card†.
- Link your eligible Card to earn 50% more Stars at participating Starbucks stores. Conditions apply.
Unlike some cash back cards, which allow you to redeem rewards for travel, merchandise, gift cards, etc., your only option is to redeem rewards as a credit towards your account balance. To make a redemption, you must have $25 or more in cash back.
Note: TD offers another no-fee credit card, the TD Rewards Visa. This card provides TD Rewards points instead of cash back and more flexible redemption options.
As a basic credit card, benefits are limited. Here’s what’s included:
- 50% more Starbucks Stars when you link your card
- Purchase security and extended warranty
- Visa Zero liability
- Avis and Budget Rent A Car discounts
- TD Auto Club Membership (optional)
- TD Payment Plans: Convert purchases into fixed monthly payments
As a no-annual-fee credit card, insurance benefits are limited. However, the following coverages are included:
- Purchase security: Covers most new items purchased with the card against physical loss, theft or damage, for up to 90 days.
- Extended warranty: For eligible purchases made with your card, this coverage will typically extend the original Manufacturer’s Warranty for up to one year.
- Visa zero liability: Covers cardholders against unauthorized transactions when shopping in-person and online.
What people have to say about this card
I reviewed several online forums, including Reddit, for commentary on the TD Cash Back Visa. The general consensus was that it’s fine as a basic credit card, but there are better options elsewhere, so take the time to look around. In other words, don’t just get the card because, as one user put it, you’ve “been with (TD) as long as you can remember…”
👀 How the TD Cash Back Visa compares
The TD Cash Back Visa fits the bill as a no-frills credit card. But can you expect more from a card with no annual fee? Here’s a closer look at how the TD Cash Back Visa stacks up against other popular no-fee credit cards:
TD Cash Back Visa vs. BMO CashBack Mastercard
5% cash back
Welcome Bonus
$401
First Year Value
$276
Annual Value
Welcome Bonus: Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.† Expires Jan 31, 2026
Get this card if you...
- want to earn cash back on everyday purchases
- value the flexibility to redeem cash back at any time
- value a great welcome offer
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Our Take
The BMO CashBack® Mastercard®* is a no-annual-fee credit card that allows cardholders to earn cash back on everyday purchases, with elevated rates for categories such as groceries and recurring bill payments. It offers flexible redemption options and includes benefits like purchase protection and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- No Annual Fee: A rare find in Canada for a cash back card
- A generous 3% cash back on groceries (up to $500 monthly)
- Easily redeem from $1, set up automatic redemptions, or use as a statement credit
- Additional perks include discounts on rentals, free supplementary cards and show discounts
Cons
- Outside of groceries and recurring payments, the standard earn rate drops to 0.5%
- Monthly caps on top earn rates for groceries and recurring payments
- A 2% balance transfer fee applies
- The interest rate on the remaining balance transfer amount increases after the introductory period
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
0.99%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
Rewards cash back
3%
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
1%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
0.5%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.†
Plus, enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
*Terms and Conditions Apply
Our Take
The BMO CashBack® Mastercard®* is a no-annual-fee credit card that allows cardholders to earn cash back on everyday purchases, with elevated rates for categories such as groceries and recurring bill payments. It offers flexible redemption options and includes benefits like purchase protection and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- No Annual Fee: A rare find in Canada for a cash back card
- A generous 3% cash back on groceries (up to $500 monthly)
- Easily redeem from $1, set up automatic redemptions, or use as a statement credit
- Additional perks include discounts on rentals, free supplementary cards and show discounts
Cons
- Outside of groceries and recurring payments, the standard earn rate drops to 0.5%
- Monthly caps on top earn rates for groceries and recurring payments
- A 2% balance transfer fee applies
- The interest rate on the remaining balance transfer amount increases after the introductory period
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
0.99%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
Rewards cash back
3%
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
1%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
0.5%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.†
Plus, enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
*Terms and Conditions Apply
On the surface, the BMO CashBack Mastercard is just another big bank no-fee credit card. However, it has some advantages over other no-fee cards, including the TD Cash Back Visa. For starters, a generous welcome offer gives it a great edge,
It also offers a great standard earn rate. If you prefer Visa over Mastercard and don’t spend much on groceries, then the TD Cash Back Visa is perfectly suitable. Otherwise, the BMO CashBack Mastercard gets our nod due to its welcome offer and bonus earnings on groceries.
Disclosures:
BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
TD Cash Back Visa vs. Tangerine World Mastercard
$120
Welcome Bonus
$363
First Year Value
$243
Annual Value
Welcome Bonus: Get $120 with a Money-Back World Mastercard®* when you spend $1,500 in your first 3 months. Expires Jan 30, 2026
Get this card if you...
- want flexible cash back categories
- want great perks like lounge access
- want to avoid paying an annual fee
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.95%
Purchase
22.95%
Cash Advance
22.95%
Balance Transfer
Our Take
The Tangerine® Money-Back World Mastercard®* is a no-annual-fee cash back credit card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opting to deposit cash back rewards into a Tangerine Savings Account, cardholders can select a third higher rate cash back category. Additional benefits include mobile device insurance, access to over one million Wi-Fi hotspots worldwide through Boingo, and Mastercard Travel Pass provided by DragonPass, which offers access to over 1,300 airport lounges globally (though usage fees apply).
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
- No annual fee
- Unlimited money-back rewards
- High 2% earn rate
- Exclusive experiences through MasterCard
Cons
- $60,000 minimum income requirement
- Travel insurance would be a welcome addition to the travel-related benefits
Annual Interest Rates
20.95%
Purchase
22.95%
Cash Advance
22.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
3
Get a Tangerine Savings account and get a 3rd 2% cash back category.
1
Boingo Hotspot membership for Wi-Fi at airports and on planes
1
A DragonPass membership to airport lounges (no passes)
$1000
Mobile device insurance up to $1,0000
$60,000
Purchase assurance and extended warranty protection up to $60,000 lifetime
Insurance Benefits
$1,000
Mobile device insurance amount
$60,000
Rental car insurance amount
Get $120 with a Money-Back World Mastercard®* Spend $1,500 in your first 3 months to enjoy this Bonus.
Also, pay 1.95% interest for 6 months on Balance Transfers† – Transfer any high-interest credit card balances to your Tangerine Credit Card and enjoy a promotional 1.95% interest.
Terms and Conditions Apply.
Our Take
The Tangerine® Money-Back World Mastercard®* is a no-annual-fee cash back credit card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opting to deposit cash back rewards into a Tangerine Savings Account, cardholders can select a third higher rate cash back category. Additional benefits include mobile device insurance, access to over one million Wi-Fi hotspots worldwide through Boingo, and Mastercard Travel Pass provided by DragonPass, which offers access to over 1,300 airport lounges globally (though usage fees apply).
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
- No annual fee
- Unlimited money-back rewards
- High 2% earn rate
- Exclusive experiences through MasterCard
Cons
- $60,000 minimum income requirement
- Travel insurance would be a welcome addition to the travel-related benefits
Annual Interest Rates
20.95%
Purchase
22.95%
Cash Advance
22.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
3
Get a Tangerine Savings account and get a 3rd 2% cash back category.
1
Boingo Hotspot membership for Wi-Fi at airports and on planes
1
A DragonPass membership to airport lounges (no passes)
$1000
Mobile device insurance up to $1,0000
$60,000
Purchase assurance and extended warranty protection up to $60,000 lifetime
Insurance Benefits
$1,000
Mobile device insurance amount
$60,000
Rental car insurance amount
Get $120 with a Money-Back World Mastercard®* Spend $1,500 in your first 3 months to enjoy this Bonus.
Also, pay 1.95% interest for 6 months on Balance Transfers† – Transfer any high-interest credit card balances to your Tangerine Credit Card and enjoy a promotional 1.95% interest.
Terms and Conditions Apply.
The Tangerine World Mastercard is a formidable no-annual-fee credit card due to its generous welcome bonus and flexible cash back rewards.This card offers customizable cash back categories. Cardholders can choose their own categories. Categories include groceries, gas, recurring bill payments, restaurants, transportation and parking and more. Other benefits include mobile device insurance, rental car collision/loss damage insurance and various World Mastercard benefits. When compared with the TD Cash Back Visa, it’s a no-brainer. The Tangerine World Mastercard offers far more value.
TD Cash Back Visa vs. the MBNA Smart Cash Platinum Plus
5% cash back
Welcome Bonus
$393
First Year Value
$243
Annual Value
Welcome Bonus: Earn 5% Cash Back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500).
Get this card if you...
- want to earn cash back on gas and groceries
- value a no-annual-fee card that still offers strong rewards
- want a flexible rewards program
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The MBNA Smart Cash Platinum Plus® Mastercard® is a no-annual-fee credit card that offers cash back on everyday purchases, with elevated rates for gas and groceries. Cardholders also benefit from features such as purchase assurance and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- Generous Welcome Bonus to earn accelerated rewards during the initial six months of account opening
- No annual fee
- Ongoing cash back rewards after the welcome bonus - up to 2% cash back on eligible purchases
- Car rental discounts
- MBNA Payment Plan: Flexible payment options for purchases over $100, which is a nice perk for budget management.
- Purchase assurance and extended warranty
Cons
- Monthly spend cap on the welcome bonus rewards earn rate
- Limited reward categories
- Potential fees for payment plan
- No travel rewards or premium perks
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards cash back
2%
Cash Back‡ on eligible gas and grocery purchases thereafter (until the total gas and grocery purchases in the applicable month reaches $500)
0.5%
Get 0.5% Cash Back‡ for all other eligible purchases
Insurance Benefits
$200,000
Rental car insurance amount
Earn 5% Cash Back on eligible gas and groceries purchases for the first 6 months†† ($500 monthly spend cap).
Our Take
The MBNA Smart Cash Platinum Plus® Mastercard® is a no-annual-fee credit card that offers cash back on everyday purchases, with elevated rates for gas and groceries. Cardholders also benefit from features such as purchase assurance and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- Generous Welcome Bonus to earn accelerated rewards during the initial six months of account opening
- No annual fee
- Ongoing cash back rewards after the welcome bonus - up to 2% cash back on eligible purchases
- Car rental discounts
- MBNA Payment Plan: Flexible payment options for purchases over $100, which is a nice perk for budget management.
- Purchase assurance and extended warranty
Cons
- Monthly spend cap on the welcome bonus rewards earn rate
- Limited reward categories
- Potential fees for payment plan
- No travel rewards or premium perks
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards cash back
2%
Cash Back‡ on eligible gas and grocery purchases thereafter (until the total gas and grocery purchases in the applicable month reaches $500)
0.5%
Get 0.5% Cash Back‡ for all other eligible purchases
Insurance Benefits
$200,000
Rental car insurance amount
Earn 5% Cash Back on eligible gas and groceries purchases for the first 6 months†† ($500 monthly spend cap).
If you spend a lot of money on gas and groceries, you’ll want to consider the MBNA Smart Cash Platinum Plus. This no-fee card offers accelerated earn rates. Earn 2% on gas and groceries. Get 0.5% Cash Back on all other eligible purchases.
There is also a great welcome bonus. Other card benefits include purchase protection, extended warranty, and Avis and Budget car rental discounts. The TD Cash Back Visa has similar benefits, but its earn rate is not as rewarding.
Disclosures:
‡, ††, ✪, Terms and Conditions apply.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
Is the TD Cash Back Visa card worth it?
If you just want a basic credit card that doesn’t charge an annual fee and offers simple cash back rewards, the TD Cash Back Visa card can get the job done. However, with no welcome offer, a mediocre earning rate and limited benefits, it lags behind more attractive no-fee offerings, such as the Tangerine World Mastercard and the BMO CashBack Mastercard. For more options, check out our list of Canada’s best no-fee credit cards.
To be eligible for the TD Cash Back Visa, you must meet the following requirements:
- Canadian resident
- Age of majority in your province or territory of residence
Disclosures:
†Terms and conditions apply.
This offer is not available to residents of Quebec.
The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.
Colin Graves
Freelance Writer
Colin Graves is a Winnipeg-based financial writer and editor whose work has been featured in publications such as Time, MoneySense, MapleMoney, Retire Happy, The College Investor, and more. Before becoming a full-time writer, Colin was a bank manager for over 15 years.
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†Terms and Conditions apply.