TD Cash Back Visa

Overview

The TD Cash Back Visa Card is TD Bank's no-annual-fee personal cashback card. It earns 1% cashback on groceries, gas, EV charging, public transit, recurring bill payments, and streaming purchases — and 0.5% cashback on everything else. There are no income requirements and no annual fee to offset, making it one of the most accessible cashback cards in TD's lineup. Cashback is credited as Cash Back Dollars and applied to your account annually. Despite the modest earn rate, the zero-fee structure means every cent of cashback is pure upside.

Who this card is for

This card is for Canadians who want a simple cashback card with no annual fee and no complexity around points or redemption portals. If you're a student, recent graduate, or someone who carries primarily one card for everyday spending, the TD Cash Back Visa removes the overhead of managing a premium card. It's also a useful secondary card for TD banking customers who want their cashback tied to their existing TD relationship.

Key benefits

The 1% earn rate across six spending categories — groceries, gas, EV charging, transit, recurring bills, and streaming — covers most of the common household budget categories, but TD caps the 1% rate at a combined $5,000 CAD in annual spending across those categories (after which spending in those categories earns at the base 0.5% rate). Within that cap, spending $400 CAD per month combined across the bonus categories nets you about $48 CAD in cashback per year at 1%.

The card includes purchase protection and extended warranty on eligible purchases — a non-trivial benefit for electronics or appliances bought on the card. A welcome incentive is typically offered for new cardholders.

Potential drawbacks

The 1% earn rate is at the lower end of the no-fee cashback market. The Scotiabank Scene+ Visa and several MBNA no-fee alternatives earn at comparable or higher rates in specific categories. The 0.5% base rate on non-bonus purchases is low enough to make you question using the card for general spending. If your monthly budget runs above $2,000 CAD and you pay your balance in full, upgrading to the TD Cash Back Visa Infinite at $139 CAD annually can pay off quickly given its 3% rate on the same key categories.

How it compares

The MBNA Smart Cash earns 2% cashback on gas and groceries with no annual fee — a stronger rate in those two categories specifically. For a TD-branded zero-fee option, the TD Cash Back Visa keeps spending within the TD ecosystem. The TD Cash Back Visa Infinite earns 3% on groceries, gas, transit, and recurring bills at $139 CAD annually — worth the upgrade calculation if your monthly spending in those categories exceeds roughly $400 CAD.

Bottom line

The TD Cash Back Visa is a solid starter card or secondary card for TD customers who want cashback without an annual fee. The 1% rate across multiple everyday categories beats the 0.5% base rate on most no-fee bank cards, and there's nothing to manage or redeem manually.