Who this card is for
A good fit if you…
- Households that put groceries, gas or EV charging, transit, recurring bills, and streaming on one Visa and want 3% on that pile, and who will stay inside $15,000 a year in each bonus category.
- TD customers who want cash back in the same app as their chequing account and will pay the statement in full.
- Applicants who meet the personal or household income figures in eligibility and have not activated or closed this product in the last 12 months.
- People who dislike airline charts. Cash Back Dollars are meant to be redeemed as cash, not transferred to a frequent-flyer program.
Skip it if you…
- Light spenders who will not clear the annual fee with 3% categories. The no-fee TD Cash Back Visa pays 1% on the same bonus pile and 0.5% elsewhere.
- Air Canada collectors. TD’s Aeroplan Infinite cards exist for that job.
- Shoppers whose grocer rate needs to be 4–5% to justify a fee. CIBC Dividend Visa Infinite and BMO CashBack World Elite advertise higher grocery percentages with narrower stacks.
- Anyone who revolves a balance. 3% cash back is a rounding error next to the purchase rate.
Pros and cons
Pros
- 3% on grocery, gas and EV charging, public transit, and on recurring bills plus streaming, digital gaming, and media is a broader bonus stack than most grocery-only cards, on the first $15,000 a year in each of those four categories.
- 1% on everything else, and on a category after its $15,000 annual cap, means general retail does not fall to 0.5% the way the no-fee TD Cash Back Visa does.
- The current welcome is marketed as up to $600, including 10% Cash Back Dollars in the first 3 months on bonus-eligible purchases up to $3,500 ($350).
- That $600 figure also includes a first-year annual-fee rebate for the primary cardholder ($139) and the first additional cardholder ($50), plus free Deluxe TD Auto Club membership ($89).
- The first additional card currently has a fee; further additional cards show $0, which is kinder than some Infinite products if you add a second helper later.
Cons
- The annual fee has to be earned in 3% categories. A household that mostly spends in 1% retail will lose to a $0 card. The marketed “up to $600” already includes the first-year fee rebate, so do not subtract the fee a second time and call the rest pure cash back.
- Each 3% category stops at $15,000 in annual purchases. Recurring bill payments and streaming, digital gaming, and media share one of those four caps. After a category’s cap, that category earns 1% for the rest of the year.
- “Recurring bills” and “streaming” depend on how the merchant flags the charge. A bill you pay manually in the app may miss the 3% bucket.
- The 10% welcome rate applies only to bonus-eligible purchases, and only up to $3,500 in the first 3 months ($350). The fee rebate requires you to activate the card and make a first purchase within 3 months of account opening.
- Eligibility currently excludes people who activated or closed a TD Cash Back Visa Infinite account in the last 12 months — churners are out.
Fees and value: is the annual fee worth it?
First-year snapshot (estimate)
- Annual fee
- $139
- Estimated welcome bonus value
- $600
- Bonus minus fee (estimate)
- $461
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.
The annual fee in our table is the ongoing price. TD markets the current offer as up to $600 in value.
That package includes 10% in Cash Back Dollars in the first 3 months on bonus-eligible purchases up to a total spend of $3,500 ($350), a first-year annual-fee rebate for the primary cardholder ($139) and the first additional cardholder ($50), and free Deluxe TD Auto Club membership ($89). To get the fee rebate, activate your card and make your first purchase within 3 months of account opening.
Because the rebate is already inside the $600, do not subtract the annual fee from $600 and treat the difference as extra cash. Year two is 3% on the first $15,000 a year in each bonus category, then 1% in that category, plus 1% on other purchases, minus the fee.
If your grocery, gas, transit, bills, and streaming spend times the gap versus a 1% card does not clear the fee inside those caps, keep the no-fee TD Cash Back Visa instead. Additional cards: budget for the first extra card; later ones currently show no extra annual fee.
Offers change. Pay in full.
Rewards and earn rates explained
Rewards program: Cash Back
This card pays Cash Back Dollars, TD’s name for cash back. You earn 3% on each of (i) grocery purchases, (ii) gas and electric-vehicle charging, (iii) public transit, and (iv) recurring bill payments together with streaming, digital gaming, and media, on the first $15,000 in annual purchases in that category.
If purchases in a category pass that annual cap, you earn 1% on that category for the rest of the year. All other purchases earn 1%.
Those percentages only apply when the network codes the merchant into those buckets. A warehouse club, a restaurant inside a grocer, a prepaid streaming gift card, or a “bill” paid by e-transfer will usually miss 3%.
Insurance includes travel medical up to $2 million for the first 10 days of a trip (the first 4 days if you or your spouse is 65 or older), delayed and lost baggage up to $1,000 per insured person, auto rental collision/loss damage, purchase security and extended warranty on most new items stolen or damaged within 90 days, mobile device insurance up to $1,000, emergency travel assistance, and free Deluxe TD Auto Club membership with 24/7 roadside assistance. Read the certificates.
Redeem Cash Back Dollars as a statement credit or according to TD’s current redemption menu — this is not Aeroplan. If you want 4% grocery and gas, compare CIBC Dividend Visa Infinite, which uses a $50,000 annual purchase cap or a $20,000 bonus-category cap, whichever comes first.
Welcome bonus: how to unlock it
Earn up to $600 in value
TD’s current offer is marketed as up to $600 in value, including 10% in Cash Back Dollars in the first 3 months on bonus-eligible purchases — grocery, gas and electric-vehicle charging, public transit, recurring bill payments, and streaming, digital gaming, and media — up to a total spend of $3,500 ($350), a first-year annual-fee rebate for the primary cardholder ($139) and the first additional cardholder ($50), and free Deluxe TD Auto Club membership ($89). Activate the card and make a first purchase within 3 months of account opening to get the fee rebate.
Spend over $3,500 in those three months reverts to the regular rate. Eligibility currently excludes customers who activated and/or closed a TD Cash Back Visa Infinite account in the last 12 months.
Hit the 10% window with grocery and bills you would pay anyway.
Welcome bonus eligibility: This offer is not available customers who have activated and/or closed a TD Cash Back Visa Infinite Account in the last 12 months.
FAQ
Is the TD Cash Back Visa Infinite Card worth it in 2026?
It is worth it when the 3% stack covers a large share of monthly spend inside $15,000 a year per bonus category, and you meet the income bar. It is not worth it if you would earn more with a $0 card, or if you wanted Aeroplan and applied for the wrong TD Infinite product.
TD Cash Back Visa Infinite vs the no-fee TD Cash Back Visa?
The no-fee TD Cash Back Visa pays 1% on the same bonus categories and 0.5% elsewhere, with no Visa Infinite income test. Infinite pays 3% on the first $15,000 a year in each of four bonus categories, then 1%, and 1% on other purchases. Choose Infinite only if the extra earn on bonus spend, after the fee and inside those caps, still wins.
TD Cash Back Visa Infinite vs CIBC Dividend Visa Infinite?
Dividend Infinite pays 4% on grocery, gas, and EV charging, then 2% on transit, dining, recurring payments, and CIBC Expedia travel. Those 4% and 2% rates, except 2% on CIBC by Expedia, apply until $50,000 in annual card purchases or $20,000 in the bonus categories, whichever comes first.
TD pays 3% on grocery, gas and EV charging, public transit, and on recurring bills plus streaming and digital media, on the first $15,000 a year in each of those four categories, and 1% elsewhere. Choose CIBC for supermarket and gas; choose TD if bills and streaming are as large as the grocery run.
Does this card charge foreign-exchange fees?
Most Canadian Visa Infinite cards 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.
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 3% list.
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 Card review · TD · $0 annual fee
- CIBC Dividend Visa Infinite Card review · CIBC · $120 annual fee
- BMO CashBack World Elite Mastercard review · BMO · $139 annual fee
