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Mr. Loonie
TD Cash Back Visa Card

TD Cash Back Visa Card

Best for: People who want simple cash back on everyday spending with no annual fee

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Every year
$139

Ranked #126 of 176 for year one. See the list

See how we worked it out
Annual fee
None
Apply now on TD’s site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from TD’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

What you’d earn Can I get it? Fees Similar cards
From the numbers

The good and the bad

Stands out

  • Good: 1% back on groceries, gas, transit and recurring bills
  • Good: No annual fee It costs nothing to keep.

Watch for

  • Watch for: Everything else earns 0.5% back That’s low for everyday spending.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

  • Groceries $73
    1% back $800 a month · $73 a year
  • Restaurants $15
    0.5% back $250 a month · $15 a year
  • Gas $15
    1% back $250 a month · $15 a year
  • Recurring bills $15
    1% back $250 a month · $15 a year
  • Travel $9
    0.5% back $150 a month · $9 a year
  • Everything else $39
    0.5% back $650 a month · $39 a year
  • Foreign currency $9
    0.5% back $150 a month · $9 a year
For you Year one Later years
Cash back you earn $175 $175
Annual fee $0 $0
Foreign currency fee2% on $1,800 a year −$36 −$36
Total $139 $139

Rows are rounded to the dollar.

What counts in each category
Groceries
1% back Up to $5,000 in spending per year (shared with other categories).
Gas
1% back Up to $5,000 in spending per year (shared with other categories). Including EV charging
Transit
1% back Up to $5,000 in spending per year (shared with other categories). On Recurring Bill Payments
Recurring bills
1% back Up to $5,000 in spending per year (shared with other categories).
Streaming
1% back Up to $5,000 in spending per year (shared with other categories). Streaming, digital gaming and media
Everything else (base rate)
0.5% back
  • 1% cash back on Streaming, Digital Gaming & Media Purchases
  • 1% cash back on Public Transit Purchases

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Newcomer program TD New to Canada For newcomers with a PR card, IMM 5292, or a work or study permit, plus ID. Permanent residents can get a limit up to $15,000 with no Canadian credit history.
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

  • Money We Have (opens in a new tab) Jan 2024

    “My TD Cash Back Visa card is mixed. While it’s a perfectly fine entry-level cash back card, but there are other cash back cards available that offer a higher earning rate or better benefits. While no one expects much from a basic no fee cash back credit card, I do think many people will wish this card offered more. However, since this card has no minimum income requirement to be approved, it’ll still appeal to many people.”

  • Yore Oyster (opens in a new tab) Dec 2022

    “TD Cash Back Visa Card is a personal credit card targeted toward middle-income earners in Canada. With a bonus cash-back rate of at least 10% on your first $2,000 spent within the first three months, the card is excellent for accumulating cash-back rewards in the first few months of ownership. The card also offers a rebate on the first-year annual fee if you meet the qualification requirements, making it easy to recoup the yearly cost of $139 for the first year. It also has several travel perks, making it an excellent travel option.”

  • MoneySense (opens in a new tab) Oct 2020

    “The benefit of the TD Cash Back Visa Card is its simplicity. It’s a solid option for credit card beginners or anyone who wants to build credit without too much concern about rewards. It’s also a good entry-level option for those who have already established other chequing and saving accounts with TD and also want a TD credit card to streamline their accounts with a single provider. If your goal is to collect more rewards more efficiently, skip this one and shop around for a card that offers better perks and accelerated rates.”

  • Ratehub.ca (opens in a new tab) Jan 2020

    “The TD Cash Back Visa Card is pretty no frills, but that doesn’t mean it isn’t valuable. Not everyone wants to tango with complicated rewards programs, and cash back that can be used to pay down your account balance whenever you want (again, when you’ve accrued a minimum of $25) is a real plus. This card is good for people who already have a TD chequing account or savings account, new credit card users looking to build credit and get basic rewards without paying a fee (including students), and those easing back into the credit card world after rebuilding bad credit.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Extended warranty Included
  • Purchase protection Included
  • Chip & PIN technology
  • Emergency Cash Advances
  • Visa Checkout
  • Save with Avis Rent A Car and Budget Rent A Car
  • Mobile wallets Apple Pay, Samsung Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read TD’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage, car rental damage and mobile device.

Fees and interest

What it costs

Annual fee
None
Purchase interest
21.99%
Cash advance interest
22.99%
Foreign currency fee
2%
All fees and rates

Fees

Extra cards
None
Cash advance fee
1%, Minimum of $3.50, maximum of $10.00
Balance transfer fee
3%
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%
Source
Issuer page

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $139 year one, $139 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the TD Cash Back Visa Card?

There is no annual fee.

Does it charge a foreign transaction fee?

Yes, 2% on purchases in other currencies.

What is the interest rate?

21.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty and purchase protection. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$139
a year for you
Apply now on TD’s site (opens in a new tab)
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