Overview
The TD Cash Back Visa Card is TD's no-annual-fee cash back card — designed for Canadians who want simple, straightforward rewards without paying a cent to hold the card. There's no complex points system, no redemption optimization, and no annual fee: you earn Cash Back Dollars on every purchase and redeem them whenever you choose.
There's no welcome bonus on this card, but the value proposition is clear: earn cash back on every purchase at $0/year with Cash Back Dollars that never expire. It's the simplest entry point into TD's cash back ecosystem.
Earning Cash Back
The card features two earning tiers:
- 1% cash back on groceries, gas, EV charging, public transit, recurring bill payments, streaming, digital gaming, and media
- 0.5% cash back on all other purchases
On $2,000/month in combined spending (with $1,200 in bonus categories), you'd earn approximately $192 in cash back per year — not huge, but meaningful for a card with no annual fee.
Cash Back Dollars Never Expire
Your Cash Back Dollars never expire as long as your account is open and in good standing. Redeem whenever you choose — apply Cash Back Dollars to pay down your account balance on your own schedule.
What Is Cash Back Worth?
Like all TD cash back cards, 1 Cash Back Dollar = $1 applied against your balance. No conversion tables, no variable value — what you earn is exactly what you get.
Benefits & Features
The standard Visa tier comes with:
- Purchase protection & extended warranty — Protection on eligible purchases
Partner Perks
- Starbucks — Link your card to earn 50% more Stars at participating Starbucks stores
- TD Offers — Exclusive perks from TD and participating merchants
TD Cash Back Card Comparison
| Feature | Cash Back Visa ($0) | Cash Back Visa Infinite ($139) |
|---|---|---|
| Annual Fee | $0 | $139 (1st yr free) |
| Grocery/gas/transit | 1% | 3% |
| Bill payments/streaming | 1% | 3% |
| All other purchases | 0.5% | 1% |
| Welcome bonus | 10% on first $3,500 | |
| Mobile device insurance | ||
| Auto Club | Deluxe membership | |
| Visa Concierge | ||
| Income requirement | None | $60K / $100K |
The free card gives you the same cash back simplicity at lower earn rates. If you spend more than ~$580/month on bonus categories, the Infinite earns enough extra cash back to justify its annual fee.
Drawbacks to Consider
Low Earn Rates
At 1% on bonus categories and 0.5% on everything else, this card's earning power is among the lowest in the Canadian market. It's designed as a zero-cost starter card, not a high-earning rewards machine.
No Welcome Bonus
Unlike most TD cards, the Cash Back Visa offers no signup bonus. Your value comes entirely from ongoing earning.
No Travel Insurance
There's no emergency medical, trip cancellation, or flight delay coverage. If you travel, you'll need insurance from another source.
No Mobile Device Insurance
Unlike the Cash Back Visa Infinite, this card does not include mobile device insurance.
Foreign Transaction Fee (2.5%)
Like most Canadian credit cards, this card charges a 2.5% foreign transaction fee on non-CAD purchases.
Who Is This Card Best For?
This card is an excellent choice if you:
- Want cash back with no annual fee — a true $0-cost card
- Prefer simplicity over points programs and redemption strategies
- Are a light spender who wants to earn something on every purchase
- Don't meet the $60,000/$100,000 income requirement for the Visa Infinite
- Are a student, new Canadian, or young earner looking for a starter cash back card
- Want Cash Back Dollars that never expire
It's not the best choice if you:
- Spend enough to justify the Cash Back Visa Infinite ($139) with its 3% rates
- Want travel insurance or mobile device insurance
- Want a meaningful welcome bonus
- Need a high-earning card to maximize rewards
Bottom Line
The TD Cash Back Visa Card is as straightforward as credit cards get: earn cash back on every purchase, pay $0 in annual fees, and redeem whenever you want. The earn rates are modest — 1% and 0.5% — but for Canadians who want a zero-cost card that puts real money back in their pocket without any complexity, it delivers exactly what it promises.
If your spending grows and you want the 3% rate, upgrading to the TD Cash Back Visa Infinite is a natural next step. For now, the free card is a solid, no-commitment way to earn cash back on every purchase.
