Monday, January 31, 2022

TD further increases the welcome bonus on the TD Cash Back Visa Infinite* Card, now earn up to $290 cash back

Back in December TD came out with new and extended welcome offers on their credit cards including one of the best ever for their TD Cash Back Visa Infinite* Card. That offer when launched offered up to $210 in cash back for any one who applied for the card by May 29, 2022. And even though that bonus offer was better than most in the market by $10 the prevalence of those competitors offering a published 10% on $2,000 has overshadowed this bonus. When you have 10% on $2,000 (or $2,500 on one card) versus 6% on $2,000 plus 6% on the next $1,500 some consumers don't see that second part so they are only comparing 10% and 6% on $2,000 spend and thus those 10% offers are winning out. So what does TD do? Well as of today they are now also offering 10% back on the first $2,000 of spending BUT they are also keeping the 6% on the next $1,500 in select categories. If you can max that out in the first three months as required then you will earn $290 in cash back. That's $40 to $90 more than most of the competition. 

The Welcome Bonus

The first part of the  TD Cash Back Visa Infinite* Card welcome bonus now matches what many of its competitors are offering and that's a 10% cash back earn rate on all purchases up to $2,000 in the first three months. However TD also has kept the extra 6% on the next $1,500 in spending in that same time frame on gas, grocery and pre-authorized payment purchases. All told you can earn up to $290 cash back on that first $3,500 in spending in the first three months. To make the offer even better TD will rebate the annual fee for the primary card and additional cards in the first year. This true $290 places the TD Cash Back Visa Infinite* Card back into third spot in the top 5 cash back cards in terms of initial value. 

This offer is available for applications made from today through to September 5, 2022

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

Earning Cash Back

Once you've reached that $3,500 spend limit or the three month time limit the TD Cash Back Visa Infinite card cash back earn rates are as follows: 

  • Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases† and on regularly recurring bill payments† set up on your account.
  • Earn 1% Cash Back Dollars on all other Purchases made with your Card †
  • Redeem your Cash Back Dollars to help pay down your Accounts balance whenever you please - the choice is yours! †
  • Your Cash Back Dollars never expire as long as your account is open and in good standing

The accelerated earn rates of 3% is awarded on the first $15,000 spent in each three categories listed above, so you could potentially spend $45,000 across them and earn $1,350 in cash back rewards. Once a limit is reached in any of the categories you’ll earn 1% cash back on all purchases in that category. Unlike two of this card’s major competitors which only have access to cash back once per year the TD Cash Visa Infinite* Card lets you cash out anytime your cash back balance is $25 or more. 

Features & Benefits

The card also features Out of Province Emergency Travel Medical Insurance, Trip Interruption Insurance, Flight Delay and Baggage Insurance as well as some of your across the board insurances like Purchase Security and Extended Warranty Protection. It also includes Emergency Road Services with Deluxe TD Auto Club Membership, valued at $79.00, †.

Wrapping it up

With the release of this new limited time welcome offer the TD Cash Back Visa Infinite* Card has moved into third spot overall in Canada in terms of welcome bonus value for cash back cards. It has done this by matching its competitor's 10% on the first $2,000 in spending but then keeping the 6% on the next $1,500 in those select spend categories. Beyond the welcome bonus you will need to do the math on your spending over time to see if this TD card can work better for you with its 3% accelerated earn rate categories versus the 4 or 5% seen with some other cards.

Click here to learn more and/or to apply for the TD Cash Back Visa Infinite* Card.

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