Credit Cards

TD Cash Back Visa Infinite* Card Review

Overall Ranking

4.5/5

Overview

Annual Fee

4/5

Rewards

5/5

Welcome Offer

5/5

Travel Insurance

4/5

The TD Cash Back Visa Infinite* Card is an excellent cash back credit card. Cardholders earn 3% in Cash Back Dollars on eligible grocery and gas purchases†, and on regularly recurring bill payments† set up on your account. All other card purchases earn at 1% cash back†. The annual fee is $139 (rebated the first year if you apply online by May 28, 2023)†, but this card includes benefits like travel medical insurance† and emergency road services with Deluxe TD Auto Club Membership†.

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About the TD Cash Back Visa Infinite* Card

The TD Cash Back Visa Infinite* Card is a cash back card that offers an excellent earn rate in top spending categories. Cardholders earn 3% in Cash Back Dollars on eligible grocery and gas purchases†, and on regularly recurring bill payments† set up on your account. All other card purchases earn at 1% cash back†. Even better, getting your rewards is easy and accessible. You can apply your earnings to your credit card bill whenever you want† (minimum $25)—there’s no need to wait until a certain date.

Best of all, is the welcome bonus for New Cardholders.

Apply online by May 28, 2023 and earn 10% Cash Back on all Purchases for the first 3 months† up to a total spend of $2,000.

  • After your first $2,000 in Purchases, Gas Purchases, Grocery Purchases and Pre-Authorized Payments will continue to earn 6% up to a total spend of $3,500 for the first 3 months.
  • Plus, no Annual Fee† for the first year for the Primary and Additional Cardholders.

To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening.

Rewards aside, the card also comes with valuable perks like a Deluxe TD Auto Club Membership†, which gives you access to emergency road services. It also includes some travel insurance, including travel medical up to $2 million in coverage†.

TD Cash Back Visa Infinite* Card: At A Glance
Welcome Bonus: Earn 10% Cash Back on all Purchases for the first 3 months† up to a total spend of $2,000. Plus, first year no Annual Fee for the Primary and Additional Cardholders†. Conditions apply. Must apply online by May 28, 2023.Income Eligibility Requirement: $60,000 personal or $100,000 household annual income.
Annual Fee: $139 (first-year annual fee rebate)†Recommended Credit Score: Good;Excellent
Interest on Purchases: 20.99% | Interest on Cash Advances: 22.99%Rewards: Cardholders earn 3% in Cash Back Dollars on eligible grocery and gas purchases†, and on regularly recurring bill payments† set up on your account. All other card purchases earn at 1% cash back†.

This offer is not available for residents of Quebec. For Quebec residents, please click here.

Card Features & Benefits

The selling feature of this card is that it allows you to earn cash back rewards on every single card purchase you make. Here’s how it works:

  • Earn 3% cash back on groceries and gas—two of the most commonly used spending categories for everyday Canadians†.
  • Earn 3% cash back on regularly recurring bill payments like your telephone bill or your Netflix subscription†.
  • Earn 1% cash back on all other purchases made with your card†.
  • The welcome bonus, available to new cardholders is an outstanding opportunity to accumulate even more cash back. Earn 10% Cash Back on all Purchases for the first 3 months† up to a total spend of $2,000. Plus, first year no Annual Fee for the Primary and Additional Cardholders†. Conditions apply. Must apply online by May 28, 2023.

Other Perks

The TD Cash Back Visa Infinite* Card doesn’t stop with its excellent earning potential. There are loads of other perks including:

  • Travel insurance†: including up to $2 million in coverage for travel medical insurance (for the first 10 days for those under 65), delayed/lost baggage insurance, and emergency travel assistance services.
  • Auto Rental Collision/Loss Damage Insurance†: You get collision/loss damage coverage at no additional cost when you charge your rental to your card.
  • Emergency road services†: Deluxe TD Auto Club membership is included at no charge, which gives you 24/7 coverage of Emergency Road Services. A handy thing to have in case something goes awry with your car when you’re on the road.
  • Save on car rentals†: Get a minimum of 10% off the lowest available base rates in Canada and the U.S. and a minimum of 5% off the lowest available base rates internationally at participating AVIS and Budget locations.
  • Mobile Device Insurance†: Get mobile device protection of up to $1,000 in coverage in the event of the loss, theft, accidental damage or mechanical breakdown for eligible mobile devices when you use your Card to pay all of your monthly mobile bill payments and any upfront costs, or charge at least 75% of the purchase price when paying the full cost of your new mobile device upfront.
  • Access to the Visa Infinite* Concierge Service†: Access to a concierge, “on-call” 24/7 to help with things like getting restaurant reservations or tickets to a performance.
  • Access to the Visa Infinite* Hotel Collection†: Best available rates guaranteed on eligible hotels, as well as automatic room upgrade when available and free Wi-Fi.
  • Visa Infinite Wine Country Program†: Show your Visa Infinite card on-site and you can experience exclusive benefits at over 95 participating wineries in British Columbia, Ontario and Sonoma Valley including discounts on wine purchases, complimentary tastings, private vineyard tours and much more.

Pros and Cons

The TD Cash Back Visa Infinite* Card has a lot on offer. Groceries and gas are two major spending categories for Canadians and 3%† is an above average earn rate. Kicking in regular recurring payments at the same rate is a nice touch. This card’s base rate of 1%† back is respectable, and of course, the welcome bonus is very tempting. Perks like Deluxe TD Auto Club Membership† and some included travel and auto insurance† are good value adds.

Above all, the flexibility of the rewards program reigns supreme. It couldn’t be any easier to cash in your earnings: with a minimum of $25, you can redeem Cash Back Dollars against your account balance or however you want and any time you want†. This gives you the ultimate freedom to use your earnings as you like and you’re not tied to any restrictive loyalty or points program.

While this card has a lot going for it, there are some weak spots, starting with the included travel insurance. While up to $2 million in travel medical coverage† is respectable, it only applies for the first 10 days (if you or your spouse is aged 65 or older, you are covered for the first 4 days of your trip). The lost or delayed baggage protection† is nice, but the card would be much stronger if it included flight delay, travel accident, or trip cancellation/interruption insurance.

The annual fee is also quite steep at $139, but new cardholders can take advantage of the first-year annual fee rebate† and pay $0 for the first year.

  • Robust welcome offer— Earn 10% Cash Back on all Purchases for the first 3 months† up to a total spend of $2,000. Plus, first year no Annual Fee for the Primary and Additional Cardholders†. Conditions apply. Must apply online by May 28, 2023.

  • Annual fee rebate for the first year — ($139 value)†

  • Competitive cash back earn rate— Cardholders earn 3% in Cash Back Dollars on eligible grocery and gas purchases†, and on regularly recurring bill payments† set up on your account. All other card purchases earn at 1% cash back†.

  • Includes Deluxe TD Auto Club Membership†

  • Includes travel insurance† & Auto Rental Collision/Loss Damage insurance†

  • Flexible redemption


  • Does not include trip cancellation/interruption insurance

  • Annual fee may be steep for some

  • Travel insurance† only applies for the first 10 days for those under 65

The Verdict

The TD Cash Back Visa Infinite* Card is a strong cash back card that acknowledges the spending categories that Canadians use most. Also, there is the enticing welcome offer: Earn 10% Cash Back on all Purchases for the first 3 months† up to a total spend of $2,000. Plus, first year no Annual Fee for the Primary and Additional Cardholders†. Conditions apply. Must apply online by May 28, 2023. This promo is one of the best credit card offers in Canada. While it has decent perks like Deluxe TD Auto Club Membership†, travel insurance†, and Visa Infinite perks†, it may not be good enough when it comes to insurance benefits, particularly for frequent travellers. If travel insurance is important to you, check out the best travel credit cards in Canada before making the final call.

This offer is not available for residents of Quebec. For Quebec residents, please click here.

†Terms and conditions apply.

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