All of TD's credit cards had their new welcome offers revealed today, some like the Aeroplan co-brand credit cards had their previous offers extended, others like the TD First Class Travel Visa Infinite had the welcome offer lowered but one has a better offer now and that's the TD Cash Back Visa Infinite* Card.
The Welcome Bonus
The first part of the TD Cash Back Visa Infinite* Card welcome bonus is the same we have seen for most of this year and that's a 6% cash back earn rate on all purchases up to $2,000 in the first three months. Now however TD has added an extra 6% on the next $1,500 in spending in that same time frame on gas, grocery and pre-authorized payment purchases. All told you can earn up to $210 cash back on that first $3,500 in spending in the first three months. To make the offer even better TD will rebate the annual fee for the primary card and additional card in the first year. This true $210 places the TD Cash Back Visa Infinite* Card back into the top 5 cards (5th place to be exact) in terms of initial value.
This offer is available for applications made from today through to May 29, 2022
This offer is not available for residents of Quebec. For Quebec residents, please click here
Earning Cash Back
Once you've reached that $3,500 spend limit or the three month time limit the TD Cash Back Visa Infinite card cash back earn rates are as follows:
- Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases† and on regularly recurring bill payments† set up on your account.
- Earn 1% Cash Back Dollars on all other Purchases made with your Card †
- Redeem your Cash Back Dollars to help pay down your Accounts balance whenever you please - the choice is yours! †
- Your Cash Back Dollars never expire as long as your account is open and in good standing
The accelerated earn rates of 3% is awarded on the first $15,000 spent in each three categories listed above, so you could potentially spend $45,000 across them and earn $1,350 in cash back rewards. Once a limit is reached in any of the categories you’ll earn 1% cash back on all purchases in that category. Unlike two of this card’s major competitors which only have access to cash back once per year the TD Cash Visa Infinite* Card lets you cash out anytime your cash back balance is $25 or more.
Features & Benefits
The card also features Out of Province Emergency Travel Medical Insurance, Trip Interruption Insurance, Flight Delay and Baggage Insurance as well as some of your across the board insurances like Purchase Security and Extended Warranty Protection. It also includes Emergency Road Services with Deluxe TD Auto Club Membership, valued at $79.00, †.
Wrapping it up
With the release of this new limited time welcome offer the TD Cash Back
Visa Infinite* Card has moved into fifth spot overall in Canada in terms of welcome bonus value for cash back cards. It is in fact better than some of the 10% welcome bonus offers out there but you'll need to do the math on your spending over time beyond the bonus to see if this TD card can work better for you with its 3% accelerated earn rate categories versus the 4 or 5% seen with some other cards.
Click here to learn more and/or to apply for the TD Cash Back Visa Infinite* Card.
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