The TD Cash Back Visa Infinite* Card is designed to provide premium cash-back rewards, convenience, and a suite of insurance benefits. With this card, users earn 3% cash back on specific categories, including groceries, gas, and recurring bill payments, while other purchases earn 1% back. The annual fee for the primary cardholder is $139, which is waived in the first year under the current promotional offer.
Additional cardholders incur a fee of $50, but subsequent cards are free. There’s also a welcome bonus of up to $500, featuring 10% cash back on select purchases within the first three months, capped at $3,500 in spending. For those who qualify, this card is well-suited for consistent cash-back earnings in major household expense categories.
Qualification requirements
To qualify for the TD Cash Back Visa Infinite Card, applicants must meet an annual income requirement of at least $60,000 individually or $100,000 as a household. A solid credit score—generally around 725 or higher—also improves approval chances, as it indicates responsible credit usage and financial stability.
Additionally, applicants must be Canadian residents and have reached the age of majority in their respective province. For individuals who don’t meet the income threshold, TD offers alternative cash-back cards with more accessible requirements, providing options for those seeking rewards without the higher income criteria of this premium card.
Benefits
The TD Cash Back Visa Infinite* Card provides numerous features beyond cash-back rewards. Cardholders gain access to emergency travel assistance, mobile device insurance covering up to $1,000 for loss, theft, or damage, and complimentary roadside assistance via the TD Auto Club, which would typically cost around $69 to $100 per year.
Travel perks include medical insurance up to $2 million for trips of up to 10 days (four days for those over 65) and lost or delayed baggage coverage. Visa Infinite* services like the 24/7 concierge add extra convenience, assisting with travel plans, dining, and other arrangements.
Another benefit is cash-back flexibility; cardholders can redeem rewards anytime once the balance reaches $25, which is advantageous compared to annual redemption limitations on similar cards. Starbucks enthusiasts may also enjoy 50% more rewards points when linking this card to their Starbucks rewards account.
Pros
This card offers a range of perks and flexibility for cash-back lovers. Key advantages include:
- Strong cash-back rates of 3% on groceries, gas, and recurring bills
- Wide-ranging insurance benefits covering travel, mobile devices, and purchases
- Flexibility to redeem cash-back rewards anytime once a minimum threshold is met
- Complimentary roadside assistance through TD Auto Club, which can be especially valuable for frequent travelers
- First-year fee rebate, which helps offset initial costs
- Enhanced Starbucks rewards, adding value for frequent coffee buyers
Cons
Although the TD Cash Back Visa Infinite* Card has several advantages, there are some limitations:
- Spending caps: 3% cash back is capped at $15,000 annually for groceries, gas, and bills, after which it drops to 1%
- Annual income requirement of $60,000 for individuals or $100,000 for households
- Foreign transaction fee of 2.5%, which could be a downside for international shoppers
- Limited acceptance compared to other cards, given that it is a Visa Infinite card
- Higher APR for a cash-back card, with 20.99% on purchases and 22.99% on cash advances and balance transfers
How to apply
Applying for the TD Cash Back Visa Infinite* Card is a simple process with multiple application methods available: online, by phone, or at a TD branch. The online application is quick and user-friendly, requiring essential details like personal information, address, employment status, and income.
Existing TD clients can further streamline the process by logging into their TD online banking account, which pre-fills certain fields, making it even faster. After submitting the application, applicants typically receive a decision promptly, and upon approval, the card is sent by mail, arriving within approximately 14 business days, allowing new cardholders to start earning cash-back rewards on everyday purchases.
Is the card worth it after all?
The TD Cash Back Visa Infinite* Card is ideal for households with significant spending on groceries, gas, and recurring bills, providing 3% cash back in these categories. Those meeting the income requirements and seeking additional travel perks will appreciate the included insurance protections and emergency assistance, adding value for occasional travelers.
However, for high spenders, the card’s spending cap on bonus categories may feel restrictive, leading some to prefer options with higher or unlimited earning potential. Additionally, the foreign transaction fee may be a drawback for frequent international travelers who want a more travel-friendly card without extra fees on overseas purchases.
Conclusion
The TD Cash Back Visa Infinite* Card offers a well-rounded package of cash-back rewards, flexible redemption options, and solid travel benefits, making it an attractive option for Canadian residents who regularly spend in the 3% cash-back categories like groceries, gas, and recurring bills.
Although the card has some limitations, including income requirements and a cap on bonus-category spending, its diverse range of benefits—such as travel insurance and emergency assistance—make it appealing for those aiming to maximize cash-back returns on routine expenses. For households seeking both rewards and practical coverage on everyday purchases, this card is a strong contender.
