Who this card is for
A good fit if you…
- TD customers who want cash back in the same app as their chequing account, without a Visa Infinite income test or a January membership.
- Households that put groceries, gas or EV charging, transit, recurring bills, and streaming on one Visa and will stay under the annual cap in each of those buckets.
- Applicants who are Canadian residents of majority age — that is the eligibility text on this card — and who pay the statement in full.
- People who dislike airline charts. Cash Back Dollars are meant to be redeemed as cash, not transferred to Aeroplan.
Skip it if you…
- Households that will clear Infinite’s fee with the gap from 1% to 3% on that same bonus pile. That is TD Cash Back Visa Infinite.
- Shoppers who can pick two 2% categories at $0 and whose grocer is not the whole story. Tangerine will usually blend higher than 1% / 0.5%.
- People who blow past a $5,000-class cap in one bonus bucket. The detailed feature list currently drops that category to the 0.5% base rate for the rest of the year.
- Anyone who revolves a balance. One percent cash back is a rounding error next to the purchase rate.
Pros and cons
Pros
- No annual fee, so 1% on a wide bonus stack does not have to beat a membership first.
- The bonus list is the same personality as Infinite — grocery, gas, EV, transit, recurring bills, streaming — just at 1% instead of 3%.
- Additional cards currently show $0, which is kinder than Infinite’s first extra-card fee.
- No Infinite income test in the eligibility text. This is the accessible TD cash-back Visa.
- Visa acceptance is straightforward at Canadian merchants that still skip American Express. Costco is still a Mastercard problem, not a TD problem.
Cons
- 0.5% on everything else is a weak catch-all. Amazon, dining, and big-box spend drag the blended rate down.
- Each 1% category currently has its own annual spend cap in the detailed terms. Four caps sound generous until one of them is the whole grocery year.
- This card currently lists no welcome bonus, detailed offer, dollar value, or bonus eligibility. Year-one value is just the earn rates.
- “Recurring bills” and “streaming” depend on how the merchant flags the charge. A bill you pay manually in the app may miss the 1% bucket.
- Check the issuer’s site for current insurance coverage. This is a $0 cash-back Visa, not a travel-medical product.
Fees and value: is the annual fee worth it?
First-year snapshot (estimate)
- Annual fee
- $0
- Estimated welcome bonus value
- Not listed
- Bonus minus fee (estimate)
- —
This is a simple comparison of the estimated welcome-bonus value against the annual fee. It ignores rewards on spending, credits you have to remember to use, and interest if you carry a balance. Offers change — verify with the issuer.
This is a $0-fee card, with extra cards at $0, so the usual “bonus minus annual fee” snapshot on this page will look empty or unhelpful. Value is 1% on the bonus stack minus 0.5% on everything else, until a category cap bites.
If those bonus buckets cover most of what you already spend and you stay under the caps, this is a simple TD everyday card. If two Tangerine categories would cover more of the month, Tangerine wins at the same $0.
If grocery, bills, and streaming are large enough that an extra 2% (Infinite’s 3% minus this card’s 1%) clears Infinite’s fee, Infinite wins. There is no first-year fee rebate to hide a weak fit.
Offers change; if TD is running a limited-time 10%-style window on Infinite, this card currently does not copy it.
Rewards and earn rates explained
Rewards program: Cash Back
This card pays Cash Back Dollars, TD’s name for cash back. Eligible grocery, gas and EV charging, public transit, recurring bill payments, and streaming, digital gaming, and media purchases earn 1%.
All other purchases earn 0.5%. Those percentages only apply when the network codes the merchant into those buckets, and only until the annual cap in each listed category — the detailed feature list currently names a per-category cap, then the 0.5% base rate.
A warehouse club, a restaurant inside a grocer, a prepaid streaming gift card, or a “bill” paid by e-transfer will usually miss 1%. Redeem Cash Back Dollars as a statement credit or according to TD’s current redemption menu.
If you want the same stack at 3% and 1%, that is Infinite. If you want chosen 2% categories at $0, that is Tangerine.
Welcome bonus: how to unlock it
No welcome bonus is currently listed for this card.
This card currently lists no welcome bonus, detailed offer, dollar value, or eligibility text. Treat that as “none on file,” not as a hidden 10% window copied from Infinite. If TD is running a limited-time cash offer on the no-fee Visa, it will be on their application page — use that, not this paragraph.
FAQ
Is the TD Cash Back Visa Card worth it in 2026?
It is worth it when you want TD cash back at $0 and the 1% stack matches how you spend, under the caps. It is not worth it as a 3% Infinite substitute, a 2% Tangerine substitute, or a card you revolve.
TD Cash Back Visa vs TD Cash Back Visa Infinite?
Infinite pays 3% on the first $15,000 a year in each bonus category (grocery, gas and EV charging, public transit, and recurring bills together with streaming and digital media), then 1%, and 1% on other purchases, at a Visa Infinite fee and income bar. The current welcome on that card is marketed as up to $600, including 10% on bonus-eligible purchases up to $3,500.
This card pays 1% and 0.5% at $0. Choose Infinite only if the extra earn on bonus spend, after the fee and inside those caps, still wins.
TD Cash Back Visa vs Tangerine Money-Back?
Tangerine lets you pick two (or three) 2% categories at $0. TD locks 1% to a fixed list and pays 0.5% elsewhere. Choose Tangerine if you want control and a higher category rate. Choose TD if you already bank there and the wider 1% list (including transit and bills) matches the month.
Can I use this card at Costco?
Costco Canada accepts Mastercard, not Visa. This TD product is a Visa, so it will not go through at Costco warehouses. Use a Mastercard cash-back card for the shop, and use this Visa everywhere else in the 1% list.
Does this card charge foreign-exchange fees?
Most Canadian no-fee Visas add a foreign-conversion fee on foreign-currency purchases. This is a domestic cash-back card, not a no-FX travel card. For overseas spend, compare Scotiabank Passport Visa Infinite, and confirm TD’s current FX rate in the agreement.
Compare related cards and guides
More Canadian credit card lists that match this product, plus a few cards people usually compare it with.
- TD Cash Back Visa Infinite Card review · TD · $139 annual fee
- Tangerine Money-Back Credit Card review · Tangerine · $0 annual fee
- Simplii Financial Cash Back Visa review · Simplii Financial · $0 annual fee
