The TD Cash Back Visa Infinite Card is a top cash back choice for higher-income Canadians who spend a lot on everyday essentials, offering 3% back on key categories, 1% on everything else, a welcome bonus up to $600, strong insurance and free roadside assistance. In return for a $139 annual fee, higher interest rates and income requirements, the card can still deliver excellent value if you meet the profile and use the benefits fully.
Main Advantages
- High Cash Back on Key Everyday Categories: Earning 3% on groceries, gas and EV charging, public transit, recurring bills and streaming is extremely competitive for a Canadian cash back card.
- Strong Welcome Offer with Up to $600 in Value: The current promotion can deliver up to $600 in value, mainly via 10% cash back for the first three months plus fee rebates.
- Comprehensive Travel and Purchase Insurance: Travel medical, trip interruption, baggage, hotel burglary, rental car and mobile device insurance provide robust protection when you travel or buy big-ticket items.
- Complimentary Deluxe TD Auto Club Membership: Included Deluxe TD Auto Club offers 24/7 roadside assistance in Canada and the U.S., potentially replacing a separate roadside membership.
- Flexible Cash Back Redemption: Redeem Cash Back Dollars any time from $25 as a statement credit, or opt for an automatic annual redemption each January with no minimum.
Main Disadvantages
- $139 Annual Fee: The $139 fee must be justified by your cash back earnings and the value you place on insurance and roadside assistance.
- Higher Interest Rates for Carried Balances: With interest around 21.99% on purchases and 22.99% on cash advances, carrying a balance is expensive and can erase rewards.
- Income Requirements Limit Accessibility: Minimum incomes of $60,000 individual or $100,000 household put this card out of reach for many Canadians.
- Cap on 3% Cash Back Categories: The 3% rate applies only up to an annual spending cap; beyond that, even those categories earn just 1%.
- Cash Back Redemption Minimum for On-Demand Redemptions: On-demand redemptions generally require at least $25 in Cash Back Dollars, reducing flexibility for smaller balances.
Step-by-Step Application Guide
- Confirm Your Eligibility: Ensure you meet the $60,000 individual or $100,000 household income minimum, are a Canadian resident and have good credit.
- Review the Current Welcome Offer and Terms: Visit TD’s official page to verify the latest welcome offer, rates, insurance details and time-limited conditions.
- Gather Your Information: Prepare address history, employment information, gross income, housing costs and contact details; collect basics for any additional cardholder.
- Apply Online, by Phone or in Branch: Complete the application online, by phone or in person, consent to a credit check and submit your information.
- Wait for Approval and Card Delivery: Many applicants receive quick decisions; once approved, your card is mailed and can be activated via online banking, app or phone.
- Activate and Set Up Digital Wallet & Alerts: After activation, add the card to your mobile wallet, enable e-statements, spending alerts and choose your Cash Back Dollar redemption preferences.
The TD Cash Back Visa Infinite Card is a strong contender if your budget is dominated by groceries, fuel or EV charging, commuting and recurring household bills, and you pay your balance in full each month. The high earn rate in core categories, combined with a rich welcome offer, comprehensive travel and purchase insurance, and free roadside assistance, can collectively outweigh the $139 annual fee for many Canadian families and professionals.
Before you apply, take a quick look at your last few months of statements and estimate how much of your spending would qualify for the 3% categories. If the numbers are strong, this card can become a powerful cash back engine in your wallet. Compare it briefly with other Canadian cash back cards to confirm it fits your profile, then head to TD’s official site, review the latest offer and submit your application. If you’re ready to turn your everyday expenses into meaningful cash back and premium protections, the TD Cash Back Visa Infinite Card deserves serious consideration for your next credit card.
