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TD Low Rate Visa Card

TD Low Rate Visa Card

Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

TD Low Rate Visa Card
TDLow Interest

TD Low Rate Visa Card

Our take: a $25-a-year card built around a 12.90% purchase rate rather than rewards — worth a look if you sometimes carry a balance.

Welcome offer0% intro rate on purchases for 6 months
Apply on TD’s site →

  • Goes straight to TD
  • Our review

The TD Low Rate Visa Card is a straightforward low-interest credit card built for cardholders who carry a balance and want to minimize interest costs rather than earn rewards. It offers a fixed 12.90% standard purchase and cash advance rate (13.90% purchase rate for Quebec residents), a modest $25 annual fee that’s waived the first year, and a 6-month 0% promotional rate on purchases for new accounts, trading rewards entirely for a lower cost of carrying debt.

4.4out of 5

MoneyMint rating

#3 of 7 low-interest and no-rewards cards · How we rate

Rewards value
0/10
Insurance
4/10
Flexibility
4/10
Welcome bonus
0/10
Fee value
9/10
Perks
0/10

Rate-first card

Not built for rewards, so the score leans on interest rate, fees and insurance. Find the right fit for you →

At a Glance

Annual Fee

$25/yrwaived first year; $0 for additional cardholders

Rewards Rate

Nonelow-interest utility card; bonus Starbucks Stars at participating locations

Welcome Bonus

0% intro rate for 6 months on purchasesplus first-year fee rebate

Foreign Transaction Fee

~2.5% (est.)not explicitly stated on TD’s own page

Credit Score Needed

Goodestimate; TD publishes no official minimum

Purchase APR 12.90%

Pros & Cons

Pros

  • Fixed 12.90% standard interest rate is meaningfully lower than the 20%+ rates typical of standard rewards cards
  • First-year annual fee rebate plus a 6-month 0% introductory rate on purchases for new cardholders
  • Free additional cardholders (up to 3) and flexible installment payment plans for larger purchases

Cons

  • No rewards program — purely a low-interest utility card
  • $25 annual fee applies after the first year, and travel/rental insurance is optional/extra-cost rather than included
  • Quebec residents pay a higher 13.90% standard purchase rate than the rest of Canada

Rewards & Earn Rates

All purchasesNo rewardsBonus Starbucks Stars at participating locations only
Quebec residents pay a higher 13.90% standard purchase APR than the 12.90% rate that applies elsewhere in Canada — confirmed directly on TD’s own product page. This card’s travel and rental insurance are optional add-ons, not included by default, unlike some competing low-rate cards.

Who It’s For

Best for

  • Consumers who sometimes carry a balance and want to reduce interest costs rather than chase rewards
  • People consolidating higher-rate debt who can benefit from the 6-month 0% promotional purchase rate

Not ideal for

  • Anyone who pays their balance in full every month — a no-fee rewards or cash-back card will deliver more value
  • Frequent travelers who want built-in travel medical or rental car insurance without paying extra
IssuerTD
Annual fee$25/yr (waived year one)
Welcome bonus0% intro rate, 6 months (purchases)
Foreign transaction fee~2.5% (est.)
MoneyMint rating4.4 / 5

Apply on TD’s site →

This link goes directly to TD’s official page. MoneyMint doesn’t currently have a paid partnership for this card, so this isn’t a monetized recommendation.

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CIBC Select Visa Card

CIBC Select Visa Card

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Further Reading

4.4MoneyMint rating

TD Low Rate Visa Card

Low-rate card · $25/year

Apply on TD’s site →Find a better fit

J

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against TD’s official card page on September 25, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by TD and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

What is the annual fee for the TD Low Rate Visa Card?

The TD Low Rate Visa Card has an annual fee of $25/yr primary (waived first year); $0 for additional cardholders (up to 3).

What is the rewards rate on the TD Low Rate Visa Card?

The TD Low Rate Visa Card offers: None — low-interest utility card with no points/cash-back program; bonus Starbucks Stars at participating locations only

Does the TD Low Rate Visa Card have a welcome bonus?

0% promotional interest rate on purchases for the first 6 months from account opening, plus a first-year annual fee rebate Primary cardholder must activate the card and make a purchase within 3 months of account opening to qualify for the fee rebate.

What credit score do I need to qualify for the TD Low Rate Visa Card?

Generally, you’ll want a good credit score to be considered for the TD Low Rate Visa Card. Approval also depends on income and overall credit history, not credit score alone.

Does the TD Low Rate Visa Card charge foreign transaction fees?

~2.5% (standard TD/Visa FX pattern; not explicitly stated on TD’s own current product page)