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Get More Cashback and Rewards with TD Cash Visa Card

Introducing TD Cash Visa Credit Card: Get Rewarded for Your Purchases

Credit cards have become an essential tool in modern-day financial transactions. They offer convenience, security, and rewards to their users.

One such credit card is TD Cash Visa, which offers a wide range of benefits to its cardholders. In this article, we will go through the features, benefits, credit limits, eligibility, and fees associated with the TD Cash Visa credit card, and help you decide if its the right credit card for you.

Features and Benefits

The TD Cash Visa credit card is designed to make your everyday purchases more rewarding. Heres an overview of the cards features and benefits.

Cash Rewards:

One of the highlights of the TD Cash Visa credit card is its cash rewards program. Cardholders can earn cashback on every purchase they make using the card.

You can earn 3% cashback on dining purchases, 2% cashback at grocery stores, and 1% cashback on all other eligible purchases. With no limit on the cashback amount, you can earn as much as you spend.

Fees:

There’s no annual fee for the TD Cash Visa credit card, which is great news for those who want to avoid any unnecessary expenses. Additionally, there’s no foreign transaction fee when you use your TD Cash Visa credit card outside the US.

APR:

The APR on your TD Cash Visa credit card will vary depending on your creditworthiness. The interest rate for purchases, balance transfers, and cash advances ranges from 13.74% to 23.74% variable APR.

The variable APR for balance transfers and cash advances is subject to change based on market interest rates. Promotional Offers:

New cardholders can take advantage of a welcome bonus of $150 cashback.

All you have to do is spend $500 in the first 90 days of account opening. This offer is subject to change and has an expiration date, so make sure to check the latest details before applying.

Additional Perks:

As a TD Cash Visa cardholder, you get access to additional benefits like Visa Signature benefits, including concierge service, roadside assistance, and travel accident insurance. You also get an auto rental collision damage waiver, which saves you money on car rental insurance.

Credit Limits and Eligibility

Your credit limit will depend on various factors such as your creditworthiness, income, and debt-to-income ratio. Typically, the credit limits for the TD Cash Visa credit card range from $500 to $25,000.

To be eligible for the TD Cash Visa credit card, you should have a good credit score. While there’s no strict requirement for the FICO score, a good score is usually in the range of 670 or above.

Additionally, you must be a US resident and at least 18 years old to apply for the card.

Understanding Fees

Before applying for any credit card, it’s essential to understand the fees associated with it. Here are the fees you need to know about the TD Cash Visa credit card.

Annual Fee:

There is no annual fee for the TD Cash Visa credit card. It means you don’t have to worry about paying an additional cost for holding the card.

Foreign Transaction Fee:

Using credit cards outside the US can sometimes incur foreign transaction fees. However, with the TD Cash Visa credit card, you won’t have to pay any foreign transaction fees when using it outside the US.

Balance Transfer Fee:

If you’re considering transferring balances to your TD Cash Visa credit card, you should know that there’s a balance transfer fee. The fee is 3% of the amount of each transfer or $5, whichever is greater.

Cash Advance Fee:

Getting a cash advance from your TD Cash Visa credit card will also incur fees. The cash advance fee is 5% of the advance or $10, whichever is greater.

Conclusion

TD Cash Visa credit card is an excellent option for those who want to earn cashback on their everyday purchases. With no annual fee, attractive rewards, and access to additional benefits, its an outstanding credit card option.

The APR, fees, and credit limits of the card are competitive and are determined based on your creditworthiness. Understanding these aspects can help you make an informed decision before applying.

If you’re looking for a credit card that is both rewarding and easy to use, the TD Cash Visa credit card might be the right option for you.

3) Pros and Cons of TD Cash Visa

Credit cards offer numerous benefits to their users in the form of rewards, cashback, and convenience. However, each credit card has its features and terms that may or may not suit the users’ specific needs.

This section covers the pros and cons of the TD Cash Visa credit card to help you decide if it’s the right fit for you. Pros:

– Bonus Cash Rewards:

The TD Cash Visa credit card offers a welcome bonus of $150 cashback when you spend $500 in the first 90 days of account opening.

This promotion is a great way to earn additional rewards while sticking to your budget. – No Annual Fee:

One of the primary advantages of the TD Cash Visa credit card is that it comes with no annual fee.

This feature allows you to keep the card to enjoy its benefits without incurring extra costs. – Unlimited Cashback:

Another fantastic feature of the TD Cash Visa credit card is its unlimited cashback rewards program.

You can earn 3% cashback on dining purchases, 2% cashback at grocery stores, and 1% cashback on all eligible purchases. This makes the card appealing to people with different spending habits.

– Easy Rewards Redemption:

If you prefer simplicity, you’ll love the TD Cash Visa credit card’s easy rewards redemption process. You can redeem your cashback rewards at any time and with no minimum amount required.

This feature adds flexibility to the rewards redemption process, allowing you to use your rewards as soon as you earn them. Cons:

– Phone Calls for Redemption:

One downside of the TD Cash Visa credit card is that you have to call TD Bank to redeem your rewards.

This can be bothersome for people who prefer to manage their rewards and transactions online. – Limited Availability:

The TD Cash Visa credit card may not be accessible to everyone, as TD Bank only operates in fifteen US states and Washington, D.C. If you don’t reside in any of these states, you wont be able to apply for the card.

Additionally, TD Bank doesn’t have any physical branches in certain states, which may make it challenging to access support.

4) How to Apply for TD Cash Visa Credit Card

Eligibility and Application Process:

If you’re interested in applying for the TD Cash Visa credit card, you must meet certain requirements. To apply, you must be a US resident, at least 18 years old, have a valid social security number, and have a good credit score.

Your credit score and income will determine your credit limit and APR. TD Bank requires a minimum credit score of 670 for the TD Cash Visa credit card.

The application process for the TD Cash Visa credit card is straightforward and can be completed online through the TD Bank website. First, you need to fill out an application form with your personal information, income, and employment details.

Then, submit the application and wait for a response. The application is reviewed for its accuracy and authenticity.

Checking Application Status:

After submitting the application, its natural to be anxious and eager to know whether your application was approved. You can check your TD Cash Visa credit card application status online or through customer support.

If you have any questions regarding the application status, you can contact the TD Bank customer service at 1-888-561-8861 for assistance. In conclusion, the TD Cash Visa credit card is a great option for people who want to earn rewards without paying an annual fee.

The cashback program is easy to understand and redeem. However, the limited availability of the card and phone call requirements for reward redemption may not be appealing to everyone.

If you meet the eligibility criteria and find the pros of the TD Cash Visa credit card appealing, consider applying and earning reward points on your everyday purchases.

5) Making Payments on TD Cash Visa Credit Card

One of the essential aspects of managing a credit card is making timely payments. Late payments can significantly impact your credit score and cause additional fees.

Here’s what you need to know about making payments on the TD Cash Visa credit card. Payment Methods:

TD Bank offers various payment methods for TD Cash Visa credit cardholders.

You can make payments using online banking, smartphone app, automated phone system, or by visiting a local TD Bank branch. Online banking is a convenient way to make payments from anywhere.

The TD Bank app allows you to make payments, view your account balance, and track your rewards. You can also make payments over the phone by calling TD Bank’s customer service hotline.

Late Payment Penalty Fees:

Paying your credit card bill late can result in penalty fees and a decrease in your credit score. The TD Cash Visa credit card provides a grace period of 24-26 days after the billing cycle ends, during which you can pay your balance without incurring interest charges.

If you miss the payment due date, TD Bank charges a late payment fee of up to $35. It is essential to make payments on time to avoid any undue financial strain.

6) Bottom Line: Save Money on Daily Expenses and Debt with TD Cash Card

TD Cash Visa credit card offers value to people who want to save money on their daily purchases and consolidate their debts. Here’s why the TD Cash Visa credit card is a great option for both.

Cash Rewards for Daily Purchases:

The TD Cash Visa credit card offers cash rewards on everyday purchases such as dining, groceries, and fuel, among others. You can earn 3% cashback on dining purchases, 2% cashback on groceries, and 1% cashback on all other purchases.

The rewards you earn can be redeemed for cashback or statement credit. This feature can help you save money on daily expenses.

Travel Rewards and Balance Transfer:

Apart from cashback rewards, the TD Cash Visa credit card also offers travel rewards. You can earn 0% APR on balance transfers for the first 15 billing cycles.

If you’re planning to travel, the TD Cash Visa credit card offers rental car insurance and no foreign transaction fees. These features make the card appealing to people who like to travel and want to consolidate their debt.

Comparison to Other Credit Cards:

TD Cash Visa credit card stands out from other credit cards in terms of rewards, fees, and balance transfer options. TD Cash Visa credit card has no annual fees and offers competitive rewards on everyday purchases.

Compared to other credit cards in the same category, the TD Cash Visa credit card provides more flexibility in redeeming rewards. Additionally, its travel rewards and balance transfer features make it a great choice for people who want to consolidate their debt.

In conclusion, the TD Cash Visa credit card is a great option for people who want to save money on their daily expenses and reduce their debts. The cashback rewards, travel rewards, and balance transfer options make the TD Cash Visa credit card an attractive option.

However, it is important to use the card responsibly and make payments on time to avoid any penalties and maintain a good credit score. In conclusion, the TD Cash Visa credit card is an excellent option for those who want to earn cashback on everyday purchases, consolidate their debt, and save money on travel expenses.

The card’s rewards program, ease of redemption, and lack of annual fees make it appealing to many people. However, it is important to use the card responsibly, make payments on time, and understand the associated fees.

If you are looking for a flexible and rewarding credit card, the TD Cash Visa credit card is worth considering.

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