Thursday, June 23, 2022

The TD Cash Back Visa Infinite* Card welcome bonus offer provides up to $290 cash back

The TD Cash Back Visa Infinite* Card currently has one of the best cash back welcome bonus offers in the Canadian market. This true cash back card provides up to $290 cash back in the first three months and new cardholders don't have to pay an annual fee in the first year so they can give the card a try without any additional expense. 

The Welcome Bonus

The first part of the  TD Cash Back Visa Infinite* Card welcome bonus 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 is also offering an 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 this limited time offer the TD Cash Back Visa Infinite* Card provides the second highest cash back card welcome bonus in Canada and the highest out of all non-Amex 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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