The TD Cash Back Visa Infinite is one of Canada's most popular cash back credit cards, and for good reason. It earns a high 3% cash back in three of the most common spending categories for Canadian households. But is it the right card for you? This detailed review covers everything you need to know.
Annual fee: $120 (waived with TD All-Inclusive Banking Plan)
Income requirement: $60,000 personal / $100,000 household
Interest rate: 20.99% purchases / 22.99% cash advances
Welcome bonus: Up to $300 in cash back (varies by offer period)
Network: Visa Infinite
The TD Cash Back Visa Infinite earns cash back in tiers:
At $500/month on groceries, $200 on gas, and $300 on bills, you'd earn roughly $360 per year in cash back before considering the welcome bonus. That easily covers the $120 annual fee, even without fee waivers.
This is a major differentiator. TD waives the $120 annual fee for customers who hold the TD All-Inclusive Banking Plan (currently $29.95/month). If you already bank with TD under this plan, the card effectively costs nothing beyond what you're already paying for banking. This substantially improves the card's value proposition for existing TD customers.
Cash back accumulates in your account throughout the year and is automatically credited as a statement credit once per year, in November. There is no option to redeem cash back on demand throughout the year — this is a limitation compared to competitors like CIBC, whose Dividend card allows monthly redemptions.
Cash back does not expire as long as the account remains open. The minimum accumulated amount before redemption is $25.
As a Visa Infinite card, the TD Cash Back Visa Infinite includes:
Notably, it does not include trip cancellation or travel medical insurance — a gap worth filling with a standalone travel policy if you travel frequently.
The TD Cash Back Visa Infinite is ideal for Canadians who are already TD banking customers (especially on the All-Inclusive plan), spend heavily on groceries, gas, and bills, and prefer simple cash back over complex points programs. It's one of the best first credit cards for someone stepping up from a no-fee card to a premium rewards product.
For the right customer — particularly a TD banking customer who spends regularly on groceries, gas, and bills — the TD Cash Back Visa Infinite is excellent value. The annual fee waiver potential makes it one of the highest-value cards in Canada on a net basis. The once-yearly redemption schedule and absence of travel insurance are the main drawbacks.
Use your TD Cash Back Visa Infinite for groceries, gas, and bills — then use KOHO (no annual fee, up to 5% cashback) for everything else. Zero interest, no debt risk. A powerful combination for maximizing rewards on every dollar spent.
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