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

TDNo-Fee Cash Back

TD Cash Back Visa Card

Our take: strongest for groceries and gas — about 1% back in value (est.) with no annual fee, with no welcome bonus currently on offer.

Welcome bonusNone currently offered

Apply on TD’s site →

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Our review

The TD Cash Back Visa Card is TD’s no-annual-fee, entry-level cash back card, offering modest rewards on everyday categories like groceries, gas, and transit without any income requirement to qualify. It’s a straightforward option for people who want to earn some cash back on daily spending without paying a card fee, but its 0.5% base rate and $5,000 annual caps on bonus categories mean it earns meaningfully less than TD’s paid-tier Cash Back Visa Infinite Card for anyone with moderate-to-high spending.

3.2out of 5

MoneyMint rating

#22 of 34 no-fee rewards cards · How we rate

Rewards value

1/10

Insurance

4/10

Flexibility

10/10

Welcome bonus

1/10

Fee value

10/10

Perks

0/10

≈ $141

estimated first-year value after the annual fee, on a typical $2,050/month budget. See it for your spending →

At a Glance

Annual Fee

Rewards Rate

1% on everyday categoriesup to $5,000/yr per category grouping; 0.5% elsewhere

Welcome Bonus

None currentlychecked Sept 10, 2026

Rewards

~1%on groceries (est. value)

Foreign Transaction Fee

~2.5% (est.)not explicitly confirmed on this card’s own page

Credit Score Needed

Fairestimate; TD publishes no official minimum

Purchase APR 21.99%

Pros & Cons

Pros

No annual fee and no stated minimum income requirement, making it accessible to a broad range of applicants
Earns 1% back on common everyday categories (groceries, gas/EV charging, transit, recurring bills, streaming) versus 0.5% on everything else
Cash Back Dollars don’t expire while the account is open and in good standing, and redeem at a simple $1-for-$1 rate

Cons

0.5% base rate on non-bonus spending is below average for no-fee cash back cards in the current Canadian market
Bonus-category earning is capped at $5,000 in annual spend per category grouping, after which those purchases drop to the 0.5% base rate for the rest of the year
Minimal supplementary benefits (no premium travel insurance, concierge, or airport lounge access) compared to the fee-based Infinite version

Rewards & Earn Rates

Groceries1%capped at $5,000/yr per category grouping

Gas & EV charging1%

Public transit1%

Recurring bill payments1%

Streaming / digital gaming & media1%

All other purchases0.5%

This card’s bonus categories earn 1% up to a $5,000/year cap per category grouping (versus the Cash Back Visa Infinite’s 3% up to $15,000/year), and its 0.5% base rate is on the low side for a no-fee cash back card. Its foreign transaction fee wasn’t explicitly confirmed on TD’s own page for this specific card, so treat the 2.5% figure as an estimate based on TD’s standard pattern.

Who It’s For

Best for

Applicants who don’t meet the income threshold required for the TD Cash Back Visa Infinite Card
Light-to-moderate spenders who want a simple, no-fee cash back card without tracking category caps or paying an annual fee

Not ideal for

Heavy spenders in groceries, gas, or transit who would hit the $5,000 category caps quickly and could earn considerably more with the Infinite card
Travelers who want built-in travel insurance or airport perks — this card’s benefits are limited to purchase protection and modest car-rental discounts

Not Sure? Three Cards People Compare It With

All everyday spending cards →

MBNA Rewards Platinum Plus Mastercard

Pick this instead if most of your spending is groceries (~2% est.).

Fee $0Rating 3.7 ★Bonus $100

Read review

National Bank ECHO Cashback Mastercard

Pick this instead if most of your spending is groceries (~1.5% est.).

Fee $30Rating 2.6 ★

Read review

Scotia Momentum Visa Card

Pick this instead if most of your spending is groceries (~2% est.).

Fee $49Rating 2.7 ★

Read review

Frequently Asked Questions

What is the annual fee for the TD Cash Back Visa Card?

The TD Cash Back Visa Card has an annual fee of $0 (no annual fee).

What is the rewards rate on the TD Cash Back Visa Card?

The TD Cash Back Visa Card offers: 1% cash back on groceries, gas/EV charging, public transit, recurring bill payments, and streaming/digital gaming & media (capped at $5,000/yr annual spend per category grouping); 0.5% on all other purchases

Does the TD Cash Back Visa Card have a welcome bonus?

Not currently. As of Sept 10, 2026, TD’s official page shows no welcome offer for this card (a previous offer of up to $100 in Cash Back Dollars has ended). TD rotates offers, so check the product page before applying.

What credit score do I need to qualify for the TD Cash Back Visa Card?

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

Does the TD Cash Back Visa Card charge foreign transaction fees?

~2.5% (standard TD/Visa FX pattern; not explicitly confirmed on this card’s own page)