This is TD's entry cash back card, and I'd describe it as a starter card more than a value play. It costs nothing, it has no income requirement, and it pays 1% on the categories most households spend on every month: groceries, gas, transit and recurring bills.
The numbers are thin, though. Each 1% category stops at $5,000 a year, everything else earns 0.5%, there is no welcome offer on the page right now, and the insurance is limited to purchase protection. From what I can tell, it makes the most sense for someone building credit or keeping things simple at TD, not for someone trying to maximize cash back.
Welcome offer
There is no welcome bonus on the TD Cash Back Visa at the moment. TD's product page lists the earn rates, the $0 fee and the partner offers, but no sign-up offer, as of October 13, 2026.
TD is advertising a welcome offer on its fee-paying Cash Back Visa Infinite but not on this card, so check the issuer's page before applying in case one has appeared.
With no bonus to chase, the value is all in ongoing earning, and that is modest. The 1% categories each stop at $5,000 a year, so this card works best as a home for recurring bills and transit rather than as your main grocery card.
Fees & eligibility
The card has no annual fee, and up to 3 additional cardholders are also $0. TD's only eligibility requirement is that you are a Canadian resident at the age of majority in your province, so there is no minimum income.
Purchases carry a 21.99% interest rate and cash advances 22.99%, current as of September 1, 2026. TD does not list a foreign transaction fee waiver on the page, so this is not a card to use abroad. As with any rewards card, cash back at these rates only comes out ahead if you pay the balance in full every month.
Earning rewards
The card earns 1% in Cash Back Dollars in four categories: groceries, gas and EV charging, public transit, and a combined bucket for recurring bill payments plus streaming, digital gaming and media. Everything else earns 0.5%.
Each of the four categories has its own $5,000 annual cap, after which that category drops to 0.5% for the rest of the year. Categories are set by the merchant's Visa merchant category code, so where a purchase lands depends on how the merchant is coded, not on what you bought.
Redeeming rewards
Cash Back Dollars are worth $1 each as a credit to your card balance. You can redeem on demand once you have at least $25, or set the account to redeem automatically each January with no minimum.
Redemptions go through EasyWeb, the TD app, a branch or by phone. Cash Back Dollars do not expire while the account is open and in good standing. If you close the card yourself, you have 90 days to redeem what is left; if TD closes it, the balance is forfeited immediately (outside Quebec), so redeem before you cancel.
Perks & benefits
The perks are the TD card basics. You save at least 10% off base rates at participating Avis and Budget locations in Canada and the U.S. (5% internationally), and TD cardholders get rotating merchant offers such as extra Starbucks Stars when the card is linked and a free 3-month Uber One trial.
There is no lounge access, no travel credit and no foreign transaction fee waiver. TD Auto Club roadside assistance is available as a paid add-on rather than included.
Insurance
Insurance is limited to purchase coverage, underwritten by TD Home and Auto Insurance. Purchase Security covers most new items against loss, theft or damage for 90 days, and Extended Warranty Protection adds up to 1 extra year to a manufacturer's warranty valid in Canada.
Both share a $60,000 lifetime maximum per account holder across all TD credit cards, and both sit in excess of other insurance you have. There is no travel medical, trip cancellation, flight delay, baggage or rental car coverage, so travel needs a separate policy.
My take
I'd get this card if you want a no-fee, no-income-test card from TD; I'd skip it if you want the most cash back from a no-fee card.
There is nothing wrong with the TD Cash Back Visa, but there is not much to recommend it either. One percent on everyday categories with $5,000 caps and 0.5% elsewhere is at the low end of no-fee cash back in Canada, and the page shows no welcome offer to make up for it.
Where I'd consider it is as a first card, or for someone who banks at TD and wants everything in one place. If you spend more than a few hundred dollars a month on groceries and gas, I'd look at TD's own Cash Back Visa Infinite, which pays 3% in the same categories with $15,000 caps, and weigh its $139 fee against the extra earn.
The good
- No annual fee and no minimum income
- 1% on groceries, gas, transit and recurring bills
- Redeem on demand from $25 or automatically each January
The catch
- Each 1% category is capped at $5,000 a year, and the base rate is 0.5%
- No welcome offer on the product page
- No travel or rental car insurance