There are not that many cards that reward dining purchases; TD Cash Visa® Credit Card will do just that, offering 2% cash back on purchases at fast food and “regular” restaurants, convenience store, and coffee shops, whereas all other purchases get you 1% cash back. Actually, the card offers points instead of money, but these points are super-easy to transfer into good ol’ cash. It also comes with 0% intro APR on balance transfers for the first 12 months — after which APR goes to 13.24%, 18.24%, or 23.24% — and has no annual fee. There is, however, a sign-up bonus worth $200. Here are the details…
- $200 sign up bonus
- 2% cash back on dining, coffee, and convenience store purchases; 1% back on other purchases.
- 0% intro APR for balance transfers for the first 12 billing cycles; then 13.24%, 18.24%, or 23.24% variable APR
- No annual fee
How It Works?
Cash back / points: The TD Cash Visa rewards users with points, but the card is advertised as a cash back card. For each dollar spent on dining, coffee, and convenience store purchases — you get 2 points, and a single point per dollar spent on all other purchases. When redeeming, 100 points are worth $1, so you will earn 2% cash back on dining categories, and 1% on everything else. There is no limit to the number of points you can earn, and they do not expire.
Redeem: Points can be redeemed at $25 for statement credit, direct deposit, or as a check; as well as for merchandise, travel, and gift cards with popular retailers. Also, users can redeem for round-trip airfare starting at $250, and hotel rooms or car rentals at $150.
Sign up bonus: 20,000 points, worth $200, after spending $1,500 within the first 3 month days. ($200 cash back value).
Credit education tools: Called VantageScore and provided by credit bureau TransUnion; it allows users to monitor and manage their credit score.
Visa Signature benefits: Including concierge service, access to special events, shopping discounts, auto rental collision damage waiver, and more.
APR: 0% introductory APR for balance transfers for the first 12 billing cycles, after which APR goes to 13.24%, 18.24%, or 23.24% (variable).
Availability: The TD Cash Visa is only being offered in 16 states along the east coast of the U.S.
Costs
- 0% Intro APR for balance transfers for the first 12 billing cycles; after that APR is 13.24%, 18.24%, or 23.24% (variable)
- 4% Balance Transfer Fee ($10 minimum)
- $0 Foreign Transaction Fee
- $0 Annual Fee
Pros
- $200 sign-up bonus – when you make at least $1,500 in purchases with your card within the first 3 months of opening the account.
- 2% cash back on dining – this card will make your nights in town a rewarding experience.
- No foreign transaction fee – makes you want to use this card even while visiting foreign countries.
Cons
- Introductory APR is only good for balance transfers, and NOT for purchases.
- Limited availability – this card is still not available throughout U.S.
Is This The Card For You?
The TD Cash Visa is made to reward purchases in the dining category, including “regular” and fast food restaurants, convenience stores, and coffee shops. If that’s the way you spend money the most, consider getting this card. It comes with a $200 sign-up bonus (after making $1,500 in purchases within 90 days) and 0% intro APR on balance transfers in the first year (after which it’s 13.24%, 18.24%, or 23.24% variable). There is no foreign transaction fee, and the same goes for annual fee.