TD Cash Back Visa Infinite* Card Review

Updated July 22, 20269 min read

Ask TD for one card for everyday spending and this is the one they hand you. The Cash Back Visa Infinite is the bank’s cash-back flagship, and its pitch is width rather than height: 3% back on groceries, gas and EV charging, public transit, recurring bills, and streaming and digital media, paid in plain cash. No program to learn, no transfer partners, no charts. A dollar back is a dollar.

I point most cash-back shoppers to the Scotia Momentum first, and I get into why below. But the TD earns its spot for two kinds of people: households that spend as much at the pump and on subscriptions as they do at the grocery store, and TD customers with an All-Inclusive Banking Plan, who get the annual fee rebated every single year. Add the Deluxe TD Auto Club roadside membership, a perk no other card in this class matches, and it is a stronger card than its quiet reputation suggests.

The bonus

Welcome offer

TD frames the current offer as up to $600 in total value: 10% in Cash Back Dollars for your first three months on bonus-eligible purchases, capped at $3,500 in spend (so about $350 back), plus a first-year annual fee rebate for you and your additional cardholders.

Two things worth knowing before you count the money. The 10% applies only to the bonus categories, which are the same five that earn 3% afterward: groceries, gas and EV charging, public transit, recurring bills, and streaming, digital gaming and media. Everyday purchases outside those earn the regular 1% from day one. And the fee rebate has a small string attached: you need to activate the card and make a purchase within the first three months. TD publishes no end date for the offer, so treat it as current rather than permanent.

Insider tip

$3,500 through the bonus categories in 90 days works out to roughly $39 a day of groceries, gas and bills, which an ordinary household clears without trying. Move your recurring bills and subscriptions onto the card on day one; they count at 10% and keep earning 3% after the intro ends.

What it costs

Fees & eligibility

The card runs $139 a year, rebated for the first year under the current offer (activate and make a purchase within three months). The first additional card is $50 and also rebated in year one; any further additional cards are free. If you hold TD All-Inclusive Banking, the fee is rebated every year for as long as you keep the account, the same arrangement TD offers on its Aeroplan cards. That account runs $29.95 a month unless you keep a $5,000 minimum monthly balance, so it only makes sense if you were banking there anyway. As a Visa Infinite product it asks for a personal income of $60,000 or household income of $100,000.

The usual cash-back arithmetic applies: at 21.99% on purchases, carrying a balance wipes out your 3% many times over. Earn the cash back, pay the statement in full, and never meet the interest rate.

Annual fee$139

Supplementary card$50 / yr

Personal income$60,000

Household income$100,000

Points per dollar

Earning rewards

The earn structure got a refresh in 2026 and it is now one of the broadest 3% footprints in Canada. The accelerators come in two bundles: one covers groceries, gas and EV charging, and public transit; the other covers recurring bill payments and streaming, digital gaming and media. Everything else earns 1%.

The streaming and gaming category is the quiet win here. Most cash-back cards treat your Netflix, Spotify and PlayStation spend as base-rate filler; this one pays 3% on it, and public transit at 3% is rare too. The honest comparison the other way: the Scotia Momentum pays 4% on groceries and recurring bills, so if food and bills dominate your budget, the Momentum simply earns more where it counts.

Each 3% bundle has its own $15,000 annual spend cap, then drops to 1%. That is a lower ceiling than the Momentum’s $25,000 per category, though at full throttle the two bundles still return about $900 a year before base earn.

Groceries, gas & EV charging, transitOne bundle: grocery stores, gas stations, EV charging and public transit · up to $15,000/yr, then 1%3%

Recurring bills, streaming & digital mediaSecond bundle: recurring bill payments, streaming, digital gaming and media · its own $15,000/yr, then 1%3%

Everything elseAll other purchases, no cap1%

The two 3% bundles are capped separately at $15,000 of annual spend each (about $450 back apiece), then earn 1%. Cash Back Dollars keep accumulating on the account with no expiry while it stays open.

Getting value out

Redeeming rewards

Redemption is as easy as cash back gets. Once you have accumulated $25 in Cash Back Dollars, you can redeem any time as a credit against your card balance, straight from the TD app. There is no annual payout date to wait for and no minimum beyond the $25.

That is the whole story, and that is the point. Cash never devalues, never has blackout dates, and never asks you to study an award chart. If you want your rewards to be a line item that quietly lowers your bill, this does exactly that.

Redeem any timeCash out whenever your balance reaches $25, right from the TD app.

Statement creditCash Back Dollars apply directly against your card balance.

Nothing to learnNo points program, no transfer partners, no devaluations. A dollar is a dollar.

Beyond the points

Perks & benefits

The headline perk is one nobody expects on a credit card: a complimentary Deluxe TD Auto Club membership, 24/7 roadside assistance covering towing up to 200 km, battery boosts, flat tires, lockouts and winching, with up to six dispatch calls a year. Comparable coverage with that towing range runs in the neighbourhood of $100 a year from CAA, so for anyone who drives, this perk alone can offset most of the fee.

Beyond that, be honest about what this card is not: there is no airport lounge access, no travel credits, and it charges the standard 2.5% foreign transaction fee, so it stays in the drawer when you leave the country. The rest of the kit is the standard Visa Infinite package: concierge, the Luxury Hotel Collection, and the dining and wine programs.

Deluxe TD Auto Club24/7 roadside assistance: towing up to 200 km, boosts, flat tires and lockouts, up to six calls a year.

Visa Infinite Concierge24/7 help with bookings, dining and reservations.

Luxury Hotel CollectionUpgrades and perks at participating Visa Infinite hotels.

Dining & wine programVisa Infinite Dining Series and wine-country experiences.

Coverage included

Insurance

The insurance is a mixed report card. The strong side: up to $2 million in emergency travel medical, primary rental-car collision coverage, and mobile device insurance up to $1,000, which plenty of cash-back cards skip. The gap you should know about: there is no trip cancellation or trip interruption coverage at all. If a prepaid trip falls through, this card does nothing for you, where the Scotia Momentum would cover up to $1,500 per person. Book travel on a card that protects it.

Emergency medicalUp to $2,000,000 for the first 10 days of a trip (4 days if you are 65 or older).

Delayed baggageUp to $1,000 for essentials when bags are delayed 6 hours or more.

Lost baggageUp to $1,000 per person for lost bags.

Rental car (CDW)Primary collision and loss-damage waiver for up to 48 days on vehicles up to $65,000 MSRP.

Mobile deviceUp to $1,000 if your phone is lost, stolen or damaged.

Purchase & warrantyNew purchases covered 90 days, plus up to one extra year of extended warranty.

Opinion

My take

JasonRated 7.9 / 10

The Momentum is still my default cash-back recommendation, but this is the one I’d pick for a household that drives.

I don’t carry a cash-back card myself, I’m too deep in points, but when someone’s budget skews to gas, commuting and subscriptions rather than the grocery bill, the TD’s five 3% categories out-earn the Momentum’s narrower 4%. It is also the obvious pick if you already hold TD All-Inclusive Banking, because the fee disappears every year, and the Auto Club membership replaces a bill many drivers already pay. Grocery-and-bills households should still take the Momentum’s 4%, and anyone leaning on a card for trip cancellation coverage needs to look elsewhere, because this one has none.

The good

3% across five everyday categories, including streaming and transit
First year free, and free every year with TD All-Inclusive Banking
Deluxe TD Auto Club roadside assistance included

The catch

Momentum pays 4% on groceries and bills
$15,000 caps on each 3% bundle
No trip cancellation or interruption insurance

— Jason

Questions

Frequently asked

Is the $139 annual fee waived in the first year?

Yes, under the current offer TD rebates the $139 fee (and the $50 first additional card fee) for year one, as long as you activate the card and make a purchase within the first three months. It reverts to $139 afterward, unless you hold a TD All-Inclusive Banking Plan, which rebates the fee every year you keep the account.

TD Cash Back or Scotia Momentum?

It comes down to where your money goes. The Momentum pays a higher 4% on groceries and recurring bills with bigger $25,000 caps, so grocery-led households earn more there. The TD pays 3% across a wider net that adds gas, EV charging, transit, streaming and gaming, and it includes the Auto Club roadside membership, so drivers and commuters usually come out ahead here. The Momentum also carries trip cancellation and interruption insurance, which the TD lacks entirely. Both currently waive the fee for year one.

How do the $15,000 caps work?

The 3% rate comes in two bundles: groceries, gas and EV charging, and transit in one; recurring bills, streaming, digital gaming and media in the other. Each bundle earns 3% on its own first $15,000 of annual spend, about $450 back apiece, then drops to 1%. Everything outside the bundles earns an uncapped 1%.

When can I redeem my cash back?

Any time, once your Cash Back Dollars reach $25. You redeem from the TD app as a credit against your card balance. There is no once-a-year payout date to wait for.

Does the 10% welcome rate apply to everything?

No. The 10% applies only to bonus-eligible purchases, which are the same five categories that normally earn 3%: groceries, gas and EV charging, public transit, recurring bills, and streaming, digital gaming and media. It runs for your first three months, on up to $3,500 in total spend, so the most you can earn from it is about $350. Everything else earns the regular 1%.

What is the Deluxe TD Auto Club membership?

A complimentary 24/7 roadside assistance program included with the card. It covers towing up to 200 km per call, battery boosts, flat tire changes, lockouts and winching, with up to six dispatch calls or reimbursement claims per membership year. Comparable long-tow coverage from CAA typically costs around $100 a year.

Can I use it when I travel abroad?

You can, but it charges the standard 2.5% foreign transaction fee on top of the exchange rate, so it is a poor choice outside Canada. Keep it for domestic spending and pair it with a no-foreign-fee card like the Scotiabank Passport when you travel.