This first card is called TD Cash Back Visa Infinite* card which can be considered as an extraordinary credit card developed for those who want to receive the highest income for regular purchases. As a result, this card provides a considerable amount of rebates on needed items like groceries, gas, and on reoccurring bills, making sure that you gain the maximum value from your expenses.
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Also, this card is unique due to its environmentally friendly material that is 90% recycled plastic, and it reiterates TD’s sustainability goals. There are also promotional offers that are available to newly issued cards with 10% cash back or up to $500 in value for the first three months of membership.
Key information about the TD Cash Back Visa Infinite* card
In its appearance, it is a symbol of work to reduce the share of plastic products supplied to the market: the body of the mentioned credit card is made of 90% recycled plastic. First-time cardholders can get $500 in value from the earning rates on the card: 10% back in statement credits for the first 90 days on purchases of $3,500 or more.
Special conditions of the offer remain in force until January 6, 2025. Other facilities listed on the card are the emergency road services, Visa Infinite* Concierge, and Mobile Device Insurance.
How does the annual fee work?
The TD Cash Back Visa Infinite * card has the following fee; annual fee $139. However, during the first year of its application TD allows the initial activation of this fee to be reimbursed upon meeting the criteria: activation of the card and making the first purchase in three months since the account registration.
Furthermore, for the first additional card there is a fee of $50 for each, while the other additional cardholder is free. The plan structure makes the card cheap to the families as well as individuals who intend to substantially cover it.
How is the credit limit determined?
The credit limit for the credit card is arrived, taking into consideration a number of factors such as income, credit score, and credit utilization ratio of the applicant as some among them. This card is useful for those people who have a personal or $100,000 for a household annual income more than $ 60 000 and those card has a good credit limit that will afford to cater for everyone need.
Credit card benefits
- Cash back rewards: Earn 3% cash back on eligible grocery and gas purchases, and on regularly recurring bill payments.
- 1% cash back on other purchases: All other purchases earn 1% cash back, ensuring you’re rewarded no matter where you spend.
- Flexible redemption: Redeem your cash back dollars anytime to help pay down your account balance.
- No expiry on cash back dollars: Your earned cash back dollars never expire as long as your account is in good standing.
- Visa infinite benefits: Enjoy exclusive Visa Infinite* benefits including travel and automotive perks.
- Emergency road services: Receive Deluxe TD Auto Club Membership for emergency road services.
Cash back program
To be more precise, the major benefit of the TD Cash Back Visa Infinite* card is the rich cash back system. This card enable a member to earn 3% cash back on the basic purchases that a person conducts within their lifetime fraternity inclusive of groceries, fuel and reoccurring bills. Also, the cash back dollars can be redeemed at any time which has high utility and is quite appealing to the users.
Disadvantages
- Annual fee: At $139, the annual fee may be a deterrent for some potential users.
- Income requirement: The card requires a minimum annual income of $60,000 for individuals or $100,000 for households, which may exclude lower-income applicants.
- Interest rates: With a purchase interest rate of 20.99% and a cash advance rate of 22.99%, carrying a balance can be costly.
High annual income requirement
This financial step has some drawbacks and one of them is high income requirement for the TD Cash Back Visa Infinite* card. The starting requirements that a customer must satisfy include an annual income of $60,000 or a household income of $100,000. This criterion can exclude some large number of possible cardholders who may at one or the other stand to benefit from the features of the card.
Who can apply for this card?
To apply for the TD Cash Back Visa Infinite* card, applicants must meet specific criteria: one has to be a resident of Canada and of the legal age as stipulated by the law of any province or territory in the country.
Further there is a good credit score check where the individual applicant should earn at least $60,000 per year, while a joint applicant should earn at least $100,000 per annum, this is to ensure that persons with stable incomes would be the one applying for the card.
How to apply for the TD Cash Back Visa Infinite* card
Online application
It is quite easy to apply for the TD Cash Back Visa Infinite* card via the internet if that is the preferred option. Begin by going to the official TD Canada Trust website and then, browsing to the TD Cash Back Visa Infinite* card.
Next to the job title, there is a button labeled “Apply now. ” Name, Address, employment record, income records You will be required to part with this information when applying for an account. After which you will be given an instant response on the result of your application approval.
By phone
You can also use the telephone to apply for the TD Cash Back Visa Infinite* card through the banking specialist telephone number at 1-855-315-4325. These specialists are easily accessible whenever you will have any questions to ask regarding this card or any other detailed information about it. You will also have them explaining to you the entire process of the application in detail and providing all the information that you need.
In-Branch application
If you wish for a more direct communication, you can pay a visit to your nearest TD bank branch for more help. You are welcome to make an appointment with a banking specialist at the branch who will assist you to apply via a sequence of directions. They will make sure that all your information is correctly captured and they will be able to answer any other detailed questions or queries that you might have concerning the TD Cash Back Visa Infinite* card.
You will be redirected to another website.
