TD Canada Trust
No annual fee, up to $50 cash back or 15,152 welcome bonus points, competitive interest rates on purchases. Flexible rewards and practical perks, ideal for beginners and savers.
TD’s No Annual Fee Credit Cards stand out for those seeking to earn rewards or cash back on daily purchases while avoiding an annual fee. The TD Cash Back Visa Card offers up to $50 in cash back within the first three months. Meanwhile, the TD Rewards Visa Card features a $0 annual fee and a competitive welcome bonus of 15,152 points when you meet spending requirements. Both cards feature an interest rate of 21.99% for purchases and 22.99% for cash advances. Conditions apply.
How to Apply: Step-by-Step
- Check eligibility and prepare your identification and income information.
- Visit the official TD website for no fee credit cards.
- Select your preferred card and complete the secure online application form.
- Review terms and submit your application for evaluation.
- Await approval and receive your card in the mail if successful.
Pros: Key Highlights
No annual fee means you keep more money in your pocket for as long as you have the card. TD’s rewards system is flexible, letting you redeem for statement credits, travel, or merchandise. Exclusive offers might include value-added perks on Amazon.ca purchases, car rental discounts, and more for everyday use.
Both options are accessible to new credit users and those who want to optimize spending with streamlined rewards or cash back on daily essentials like groceries, gas, and transit.
Cons: Points to Consider
The standard interest rates are higher than low-rate cards, so carrying a balance could be costly. Also, maximum earn rates on elevated categories are capped at specific annual spending limits.
Some rewards redemptions may require a minimum points balance. Additional premium benefits are limited compared to higher-tier credit cards.
Our Verdict
TD’s No Annual Fee Credit Cards are strong choices for Canadian consumers who value simplicity, savings, and flexible rewards. While rates are in line with the industry, timely payments are important to avoid high interest. Those seeking premium travel insurance or higher point multipliers may want to review other options, but for everyday, responsible use, these cards make practical sense.
