5 Things to Know About the TD Cash Credit Card

The card earns 3% cash back on dining and 2% at grocery stores, but you must live in certain states to apply.
Sara Rathner
By Sara Rathner 
Edited by Kenley Young

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TD Bank TD Cash Credit Card Credit Card
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The TD Cash Credit Card can be a diner's dream, offering extra cash back whether you go out to eat or cook at home.

It has a $0 annual fee and offers a solid sign-up bonus: Bonus Cash Back: Earn $150 Cash Back when you spend $500 within 90 days after account opening.

If you live in a state where the TD Cash Credit Card is available, then it's an option that rivals the Capital One SavorOne Cash Rewards Credit Card, another $0-annual-fee product that earns bonus rewards on dining and grocery store purchases.

Here are five things to know about the TD Cash Credit Card.

1. You must live in certain states to apply

The West Coast isn't the best coast when it comes to the TD Cash Credit Card. To be eligible to apply for the card, you must be a resident of one of the following places:

  • Connecticut.

  • Delaware.

  • Florida.

  • Maine.

  • Maryland.

  • Massachusetts.

  • New Hampshire.

  • New Jersey.

  • New York.

  • North Carolina.

  • Pennsylvania.

  • Rhode Island.

  • South Carolina.

  • Virginia.

  • Vermont.

  • Washington, D.C.

But fear not — there are still plenty of credit cards to choose from that reward you for dining out and grocery store spending.

2. The extra cash-back categories are foodie-friendly

Earn 3% cash back when you dine out and 2% cash back at grocery stores. All other purchases earn 1% cash back. How much can that net you?

Let’s say you spend $500 a month at restaurants and $500 a month at grocery stores. Including the sign-up bonus, you’ll earn $450 in cash back for the year (and that doesn’t take into account any other spending that will earn 1% cash back).

3. Redeem for more than cash back

As much as the TD Cash Credit Card focuses on cash back (it's in the card's name, after all), you actually have a variety of choices when redeeming points. In addition to getting cash back in the form of a statement credit or direct deposit into your bank account, you can also redeem points for travel, gift cards and merchandise.

Points are worth 1 cent apiece when you redeem them for cash back, and at least 1 cent apiece when you redeem for travel or gift cards. Point values also vary when you redeem for merchandise. If you opt for cash back, you must redeem a minimum of 2,500 points.

4. There's a decent intro APR offer on balance transfers

The card offers an intro Balance Transfer Offer: 0% introductory APR for first 12 billing cycles after account opening. After that, 18.74%, 23.74% or 28.74% variable APR based on your creditworthiness. The 3% balance transfer fee is on the lower end of typical balance transfer fees, which generally range from 3%-5%.

This makes the TD Cash Credit Card a solid choice for anyone needing some time to pay down a credit card balance.

5. It's not the best travel companion

If you need a credit card that can handle international travel, look for two things: worldwide acceptance at overseas merchants and no foreign transaction fees.

As a Visa, the TD Cash Credit Card passes the first test. But its 3% foreign transaction fee means it will be expensive to use when you travel internationally.

Find the right credit card for you.

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