TD Cash Back Visa Infinite Card

Overview

The TD Cash Back Visa Infinite Card is TD's premium cash back credit card — and Canada's most popular card in the category. Voted Top Cash Back Credit Card by Rewards Canada readers in 2024, it delivers a straightforward 3% cash back on the spending categories that matter most: groceries, gas, transit, bill payments, and streaming.

The current welcome offer delivers up to $600 in total value, including 10% cash back on bonus-eligible purchases in the first 3 months (up to $3,500 in spend) and a first-year annual fee rebate. If you prefer the simplicity of cash back over managing points and redemption strategies, this is TD's best card for you.

Earning Cash Back

The card keeps it simple with two earning tiers:

• 3% cash back on groceries, gas, EV charging, public transit, recurring bill payments, streaming, digital gaming, and media
• 1% cash back on all other purchases

The 3% rate spans an unusually wide set of everyday categories. Most competing cash back cards split groceries and gas into separate tiers or offer lower rates. On $2,000/month in combined spending (with $1,200 in bonus categories), the card earns approximately $552 in cash back per year — before the welcome bonus.

Welcome Bonus: 10% Cash Back

In your first 3 months, you earn 10% cash back (instead of 3%) on bonus-eligible purchases up to a total spend of $3,500. That's up to $350 in bonus cash back — a significant uplift on your early spending.

Cash Back Dollars Never Expire

Your Cash Back Dollars never expire as long as your account is open and in good standing. Unlike some cash back cards that auto-redeem annually, TD lets you redeem whenever you choose — apply your Cash Back Dollars to pay down your balance on your own schedule.

What Is Cash Back Worth?

Cash back is cash back — there's no variable redemption table or conversion math. 1 Cash Back Dollar = $1 applied against your account balance. This simplicity is the card's core appeal: no optimizing redemption methods, no transfer partners, no devaluation risk.

Deluxe TD Auto Club

A standout perk: the card includes a Deluxe TD Auto Club membership at no additional cost, providing:

• 24/7 emergency roadside assistance across Canada and the U.S.
• Up to 4 service calls per year (towing, battery boost, flat tire, lockout, fuel delivery)
• Trip routing and travel planning services

At a retail value of approximately $100–$150/year, this benefit alone offsets a significant portion of the annual fee. If you currently pay for a standalone roadside assistance plan, this card could replace it.

Insurance & Benefits

The Visa Infinite tier includes:

• Mobile device insurance — Covers your smartphone against damage and theft (up to $1,000)
• Purchase protection & extended warranty — Protection on eligible purchases
• Visa Infinite Concierge — 24/7 personal concierge service for travel, dining, and gift recommendations

Notable Absence: No Travel Insurance

Unlike TD's travel rewards cards, the Cash Back Visa Infinite does not include travel emergency medical insurance, trip cancellation, or flight delay coverage. If you travel regularly, you'll need insurance from another source or a separate travel card.

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

The free card works for light spenders, but anyone spending more than ~$400/month on bonus categories will earn enough extra cash back on the Infinite to justify the annual fee.

Breakeven Analysis

The $139 annual fee is offset by:

• Extra cash back: The 2% uplift (3% vs 1%) on bonus categories means you break even at approximately $6,950/year (~$580/month) in bonus category spending
• Auto Club value: ~$100–$150/year if replacing a standalone roadside plan
• First year: Fee is waived, so you're pure profit from day one

If you spend $1,000+/month on groceries, gas, transit, and bills combined — which most Canadian households do — the card easily pays for itself.

Drawbacks to Consider

Foreign Transaction Fee (2.5%)

Like most Canadian credit cards, this card charges a 2.5% foreign transaction fee on non-CAD purchases.

No Travel Insurance

The biggest gap for travellers: no emergency medical, trip cancellation, or flight delay coverage. If you travel, pair this with a travel card that includes insurance.

Modest Base Rate

At 1% on non-bonus purchases, the base rate is average. Cards like the CIBC Dividend Visa Infinite offer higher base rates, though often with lower bonus category rates.

Who Is This Card Best For?

This card is an excellent choice if you:

• Prefer simple cash back over managing points and redemption strategies
• Spend heavily on groceries, gas, transit, and recurring bills
• Value roadside assistance and want to cancel a separate Auto Club membership
• Want to redeem cash back any time without waiting for an annual payout
• Meet the $60,000/$100,000 income requirement for Visa Infinite
• Want to try it risk-free with the first-year fee waiver

It's not the best choice if you:

• Travel frequently and need travel insurance bundled with your card
• Want to maximize value through airline points and premium cabin redemptions
• Spend frequently in foreign currencies
• Don't meet the income requirement (get the free TD Cash Back Visa instead)

Bottom Line

The TD Cash Back Visa Infinite Card is Canada's top cash back card for a reason. With 3% on groceries, gas, transit, bills, and streaming, a 10% welcome bonus, Deluxe Auto Club, and mobile device insurance — all for an effective $0 in year one — it delivers unmatched simplicity and value for Canadians who want real cash back without the complexity of points programs.

The card rewards the spending you're already doing, pays you in actual dollars, and throws in roadside assistance as a cherry on top. If cash back is your preference, this is the card to beat.