At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here’s how we make money.
When most of the line items on your credit card statement involve paying for food, it’s time to get a card that rewards you deliciously. The TD Cash Credit Card is a diner’s dream, offering extra cash back whether you go out to eat or cook at home.
With a $0 annual fee, this card rivals the Capital One® SavorOne℠ Cash Rewards Credit Card, another $0-annual-fee option that earns additional cash back for dining, entertainment and grocery store purchases. One place where the TD Cash Credit Card outshines the Capital One® SavorOne℠ Cash Rewards Credit Card is with its higher sign-up bonus: Earn $200 Cash Back when you spend $500 within 90 days after account opening.
However, there are geographic limitations that could lead you to seek other options. Here are five things to know about the TD Cash Credit Card.
1. You must live in certain states to apply
The West Coast is not the best coast when it comes to the TD Cash Credit Card. To be eligible to apply for the card, you must be a resident of one of the following places:
- New Hampshire
- New Jersey
- New York
- North Carolina
- Rhode Island
- South Carolina
- Washington, D.C.
If you live elsewhere, there are still plenty of credit cards to choose from that reward you for dining out and grocery store spending.
2. The extra cash-back categories are foodie-friendly
Earn 3% cash back when you dine out and 2% cash back at grocery stores. All other purchases earn 1% cash back. How much can that net you?
Let’s say you spend $500 a month at restaurants and $500 a month at grocery stores. Including the sign-up bonus, you’ll earn $500 in cash back for the year (and that doesn’t take into account any other spending that will earn 1% cash back).
3. Redeem for more than cash back
As much as the TD Cash Credit Card focuses on cash back (it’s in the card’s name, after all), you actually have a variety of choices when redeeming points. In addition to getting cash back in the form of a statement credit or direct deposit into your bank account, you can also redeem points for travel, gift cards and merchandise.
Points are worth 1 cent apiece when you redeem them for cash back, and at least 1 cent apiece when you redeem for travel or gift cards. Point values also vary when you redeem for merchandise. If you opt for cash back, you must redeem a minimum of 2,500 points.
4. There’s a decent intro APR offer on balance transfers
The card offers an intro 0% for 12 months on balance transfers, and then the ongoing APR of 15.24% - 25.24% Variable. The 3% balance transfer fee is on the lower end of typical balance transfer fees, which generally range from 3-5%.
This makes the TD Cash Credit Card a solid choice for anyone needing some time to pay down a credit card balance.
5. It makes a good travel companion
If you need a credit card that can handle international travel, look for two things: worldwide acceptance at overseas merchants and no foreign transaction fees. Between its 0% foreign transaction fee and the fact that it’s a Visa card, the TD Cash Credit Card passes both tests.