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Important information about changes to the TD Cash Back Visa* Credit Card Account.
Starting April 30, 2025, some changes are coming to our TD Cash Back Products.
We've outlined how these changes will affect you and provided some answers to frequently asked questions.
If you still have questions, you can reach us at 1-800-983-8472.
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Important Updates
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Common Questions
Changes starting on April 30, 2025:
Effective from the first day of your statement period beginning in April 2025 and reflected on your May 2025 statement:
- Your annual interest rates on Purchases will increase.
- For Residents of Quebec only - Your annual interest rates on Cash Advances will increase.
Starting on April 30, 2025:
- We will increase the maximum fee for a promotional Balance Transfer. If you receive an offer, we will tell you the exact promotional Balance Transfer fee that will apply.
- We will apply a Credit Balance Administration Fee if there is a credit Balance on your Account and there has been no credit or debit activity on your Account for 12 consecutive billing cycles.
- We will change the Cash Advance Transaction fee, including how and under what circumstances we charge it.
- We will decrease the Returned Payment fee.
- You will earn more Cash Back Dollars for these eligible Purchases:
- Public Transit, such as commuter subway, bus, railway, and ferries.
- Streaming, Digital Gaming & Media, such as cable and other streaming services, digital gaming and in-game purchases, digital applications, and digital music, e-books, and other media.
- Electric Vehicle Charging.
- The TD Cash Back Program Terms and Conditions have been updated to:
- reflect these changes to earning Cash Back Dollars;
- provide instructions on where to find redemption information outside of the Terms and Conditions;
- clarify what you can do with your Cash Back Dollars; and
- to outline what we can do with the TD Cash Back Program.
If you’re a Cardholder, please continue to use your existing Card and the changes will take effect automatically on the dates indicated above or in the comparison charts below. There's nothing you need to do.
Here’s what stays the same for existing Cardholders:
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For residents of Yukon and Nunavut. There’s no change to the annual interest rate that applies to your existing outstanding Balance posted to your April 2025 statement. All new Purchases after your April 2025 statement will be at the new annual interest rate.
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There’s no change to the value of your Cash Back Dollars.
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Your Card number, PIN and credit limit will remain the same, and there will be no change to your statement date.
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There’s no change to any regularly recurring bill payments set up on your Card (such as Internet or phone bills).
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There’s no change to any automated payments that have been previously set up on your chequing or savings account to pay your Card balance.
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There’s no change to the benefits and features included with your Card.
Here are the details regarding the changes :
Effective from the first day of your Statement Period beginning in April 2025 and reflected on your May 2025 statement, the "Annual Interest Rates" section of your Disclosure Statement will be amended as shown under the "New" column below.
Annual Interest Rates on Purchases
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Current |
New |
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19.99% 20.99% (for Residents of Quebec only) |
21.99% |
Tips to help minimize the impact of the change
If you incur interest charges, make a payment as soon as possible and consider making more than one payment each month.
Annual Interest Rates on Purchases due to missed Payments
If we do not receive the full minimum payment by the Payment Due Date shown on your statement, or by your New Statement Date, twice within 12 consecutive statement periods, then we will increase the annual interest rates on the Account to the following higher interest rates:
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Current |
New |
|---|---|
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24.99% 25.99% (for Residents of Quebec only) |
26.99% |
Tips to help minimize the impact of the change
Pay your full minimum payment amount by the Payment Due Date. To avoid increased interest rates due to missed credit card payments:
- You can ensure you never miss a payment by setting up pre-authorized debits from your bank account.
- Set up a calendar alert reminding you to make your payment by the Payment Due Date.
If you are experiencing financial hardship, please call us at 1-866-485-5354, Monday to Friday 8 a.m. to 9 p.m. ET, and Saturday 9 a.m. to 5 p.m. ET.
Annual Interest Rates on Cash Advances
The following Annual Interest Rate changes apply to Residents of Quebec only.
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Current |
New |
|---|---|
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20.99% |
21.99% |
Tips to help minimize the impact of the change
If you incur interest charges, make a payment as soon as possible and consider making more than one payment each month.
Here are the details of the changes starting April 30, 2025.
The “Other Fees” section of your Disclosure Statement will be amended as shown under the “New” column below.
Cash Advance Transactions Fee
The following Cash Advance Transactions Fee changes do not apply to Residents of Quebec.
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Current |
New |
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> If the Cash Advance Transaction occurs in Canada: o We charge a 1% fee on the Cash Advance Transaction amount. o If the Cash Advance fee is less than $3.50, we will charge a minimum Cash Advance fee of $3.50 o If the Cash Advance fee is greater than $10.00, we will charge a maximum Cash Advance fee of $10.00 o We do not charge the Cash Advance fee if the Account is in credit Balance when the Cash Advance Transaction occurs. > If the Cash Advance Transaction occurs outside of Canada: o We charge a fee of $5.00 o We do not charge the Cash Advance fee if the Account is in credit Balance when the Cash Advance Transaction occurs. > If the Cash Advance is at a PLUS* network ATM in Canada or outside of Canada: o We charge a fee of $3.00 if you use a PLUS* network ATM to complete the Cash Advance Transaction o We do not charge the Cash Advance fee if the Account is in credit Balance when the Cash Advance Transaction occurs. > We do not charge the Cash Advance fee for a Balance Transfer Transaction or TD Visa Cheque Transaction. |
We charge a 1% fee on the Cash Advance Transaction amount. We will charge a minimum fee of $3.50. The Cash Advance Transaction Fee will not exceed a maximum of $10.00. We do not charge the Cash Advance Transaction Fee if the Account is in credit Balance when the Cash Advance Transaction occurs. |
Tips to help minimize the impact of the change
This fee change will only affect customers who make Cash Advance Transactions. Interest and fees apply.
Instead, consider using your TD Access Card or bank account for access to cash.
Returned Payment Fee
The following Returned Payment Fee changes do not apply to Residents of Quebec.
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Current |
New |
|---|---|
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We will charge $48.00 for each dishonored payment you make. |
We will charge $10.00 for each dishonored payment you make. |
Tips to help minimize the impact of the change
This fee is decreasing. However, you can avoid it altogether by:
- regularly monitoring your bank account(s) to ensure sufficient funds are available for upcoming payments or Pre-Authorized Debits (PADs).
- setting up alerts on your bank account can help you monitor your balances.
Promotional Balance Transfer
The following Promotional Balance Transfer changes do not apply to Residents of Quebec.
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Current |
New |
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We charge 3% on a promotional Balance Transfer Transaction amount. |
We charge up to 5% on a promotional Balance Transfer Transaction amount.
We will tell you the exact promotional Balance Transfer fee that applies when we make the offer. |
Credit Balance Administration Fee
The following Credit Balance Administration Fee changes do not apply to Residents of Quebec.
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Current |
New |
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Not applicable |
If your Account has a credit Balance, we will charge the lesser of $10 or the full Credit Balance amount if there has been no credit or debit activity on the Account for 12 consecutive billing cycles. |
Tips to help minimize the impact of the change
A credit Balance will appear on your statement as a negative balance.
To avoid the Credit Balance Administration Fee, you can continue to use the Account or contact us to refund the credit Balance.
Comparison summary of changes to the Terms and Conditions
Here is a comparison summary of the changes to the TD Cash Back Program Terms and Conditions for the TD Cash Back Visa* Card effective April 30, 2025.
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Current |
New |
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Not Applicable |
New Purchase Category Added - Public Transit Purchases Earn 1% in Cash Back Dollars on Public Transit Purchases.
Annual Cap: $5,000 |
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Earn 1% in Cash Back Dollars on PAPs. |
Earn 1% in Cash Back Dollars on PAPs and Streaming, Digital Gaming & Media Purchases.
Annual Cap: $5,000 Note: This Annual Cap has not changed |
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Earn 1% in Cash Back Dollars on Gas Purchases. |
Earn 1% in Cash Back Dollars on Gas & Electric Vehicle Charging Purchases.
Annual Cap: $5,000 Note: This Annual Cap has not changed |
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Table of Contents Section 1: Definitions Section 2: Earning Cash Back Dollars 2.1 What are Cash Back Dollars? 2.2 How do you earn Cash Back Dollars? 2.3 How do we determine if a Purchase qualifies for a Purchase Category? 2.4 Can you receive Offers?
Section 3: Redeeming Cash Back Dollars 3.1 How do you redeem Cash Back Dollars? 3.2 How do you redeem Cash Back Dollars as a credit to the Account? 3.3 How do you redeem Cash Back Dollars for Other Redemption Options?
Section 4: Program Terms 4.1 How can you check your Cash Back Dollar balance? 4.2 What happens if there is an error with your Cash Back Dollar balance? 4.3 Can you combine your Cash Back Dollars with other Accounts under the TD Cash Back Program? 4.4 Can your Cash Back Dollars expire, or can you forfeit them? 4.5 What happens to Cash Back Dollars upon the death of the Primary Cardholder?
Section 5: General Information 5.1 Who is responsible for paying taxes that relate to the Program? 5.2 Can you sell, barter, or assign your Cash Back Dollars? 5.3 What is our limitation of liability for the Program? 5.4 What if we do not act immediately if you do not follow your obligations in these TD Cash Back Program Terms and Conditions? 5.5 Can we change the TD Cash Back Program Terms and Conditions? 5.6 Can we cancel or terminate the Program? 5.7 Can we cancel or terminate a Cardholder’s ability to participate in the Program? 5.8 What are our rights if you do not follow the Program and these TD Cash Back Program Terms and Conditions? 5.9 What happens if part of these Terms and Conditions is invalid? 5.10 What laws govern these Terms and Conditions? 5.11 What language will be used?
Section 6: How to Contact Us |
Section 1: Definitions Section 2: Earning Cash Back Dollars Section 3: Redeeming Cash Back Dollars Section 4: Program Terms Section 5: General Information Section 6: How to Contact Us |
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Chart in Section 2.2 Each instance of the following words: Cash Back Dollars that you earn through another Purchase Category set out below are in place of, and are not in addition to, the Base Earn Rate. Annual Cap: The Gas Earn Rate will no longer apply when the total Gas Purchases exceed $15,000.00 in a year. If you exceed the Annual Cap, you will earn the Base Earn Rate. The year runs after your first statement period in January until the end of your statement period the following January. Annual Cap: The Grocery Earn Rate will no longer apply when the total Grocery Purchases exceed $15,000.00 in a year. If you exceed the Annual Cap, you will earn the Base Earn Rate. The year runs after your first statement period in January until the end of your statement period the following January. Annual Cap: The PAP Earn Rate will no longer apply when the total PAPs exceed $15,000.00 in a year. If the total PAPs in a year exceed the Annual Cap, you will earn the Base Earn Rate. The year runs after your first statement period in January until the end of your statement period the following January. |
Deleted
Note: This language has been removed from the chart, but moved to another portion of this Section 2.2 of this agreement |
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Section 2.3 We use Merchant Category Codes to determine the Purchase Category for Gas Purchases and Grocery Purchases. Merchant Category Code means the merchant category code that the Visa payment network uses for a merchant to classify its goods and services, which may be changed from time to time by Visa. Only Purchases using the following Merchant Category Codes will qualify for the Gas Earn Rate or the Grocery Earn Rate: • Gas Purchases: 5541 and 5542 • Grocery Purchases: 5411 We do not monitor merchants to see if they correctly identify and bill Transactions according to a Merchant Category Code, or if they correctly identify a Transaction as a PAP. However, we do reserve the right to determine if a Purchase qualifies for a certain Purchase Category. Gas Purchases means buying gas or gas station services or products from a merchant classified through the Visa payment network using the above noted Merchant Category Codes for Gas Purchases. Grocery Purchases means buying groceries or grocery items from a merchant classified through the Visa payment network using the above noted Merchant Category Code for Grocery Purchases. Pre-authorized payments or PAP(s) means Purchases set up by any Cardholder that the Cardholder charges to the Account. A PAP allows a Cardholder to automatically pay for recurring bill payments with a merchant. The payment will occur on a specified date and frequency (such as daily, monthly or annually). Please contact us using the contact details in Section 6 How to Contact Us if you want to confirm whether a Purchase charged to the Account qualifies for a Purchase Category. If a Purchase qualifies for more than one Purchase Category, you will only earn Cash Back Dollars in one of those Purchase Categories. We reserve the right to determine which Earn Rate your qualifying Purchase will earn. |
We rely on Visa's Merchant Category Codes (MCC) that the Visa payment network uses for a merchant to classify its goods and services, which may be changed from time to time by Visa, to determine the Purchase Category for certain Purchases. If a Purchase qualifies for more than one Purchase Category, you will only earn Cash Back Dollars in one of those Purchase Categories. We reserve the right to determine which Earn Rate your qualifying Purchase will earn. We do not monitor merchants to see if they correctly identify and bill Transactions according to a Merchant Category Code, or if they correctly identify a Transaction as a PAP. However, we do reserve the right to determine if a Purchase qualifies for a certain Purchase Category. Gas & Electric Vehicle Charging Purchases means a Purchase from a merchant classified by the Visa payment network as Gas Service Stations (MCC 5541), Automated Fuel Dispensers (MCC 5542), and Electric Vehicle Charging (MCC 5552). Grocery Purchases means a Purchase from a merchant classified by the Visa payment network as Grocery Stores and Supermarkets (MCC 5411). Pre-Authorized Payments or PAP(s) means regularly recurring Purchases that you setup with a merchant to be automatically charged to your Accounts that are classified by the Visa payment network as recurring payments. The payment will occur on a specified date and frequency (such as daily, monthly or annually). Public Transit Purchases means a Purchase from a merchant classified by the Visa payment network as Local and Suburban Commuter Passenger Transportation, Including Ferries (MCC 4111). Streaming, Digital Gaming & Media Purchases means a Purchase from a merchant classified by the Visa payment network as Digital Goods Media – Books, Movies, Music (MCC 5815), Digital Goods – Games (MCC 5816), Digital Goods – Applications (MCC 5817), Digital Goods – Large Digital Goods Merchants (MCC 5818), Cable, Satellite and Other Pay Television/Radio/Streaming Services (MCC 4899). Please contact us using the contact details in Section 6 How to Contact Us if you want to confirm whether a Purchase charged to the Account qualifies for a Purchase Category. |
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2.4 Can you receive Offers? Occasionally, we may offer you limited time offers that apply to the Program, which may grant you: • Additional Purchase Categories; • Additional and/or increased earn rates for a Purchase Category; • Additional and/or decreased redemption rates; • Benefits with select merchants; and/or • Bonus Cash Back Dollars. Additional terms and conditions will apply to such offers and such terms and conditions will be available to you at the time the offer is made. |
Deleted
Note: This language has been removed from the agreement, but your ability to receive offers has not changed. |
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Section 3.1 The Primary Cardholder or any Additional Cardholder can redeem Cash Back Dollars for the following: • A credit to the Account connected with the Program; • Other Redemption Options; and/or • Any other manner that we may allow from time to time. |
The Primary Cardholder or any Additional Cardholder can redeem Cash Back Dollars for the following: • A credit to the Account connected with the Program; and/or • Other Redemption Options |
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Section 3.2 Each instance of the following words: "• Through your Account profile at TDRewards.com;" |
Deleted |
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Section 3.2 Not applicable |
When you redeem Cash Back Dollars as a credit to the Account, every 1 Cash Back Dollar is worth $1. |
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Section 3.3 We may let you redeem Cash Back Dollars towards items other than as a credit to the Account (Other Redemption Options) including towards: • Merchandise and services; • Purchases at specific merchants; • Education credits; and/or • Any other item that we may allow from time to time. To redeem for Other Redemption Options or to learn more about Other Redemption Options, visit www.TDRewards.com. When you redeem Cash Back Dollars for Other Redemption Options, additional terms and conditions will apply and such terms and conditions will be available to you at the time you redeem for Other Redemption Options. We do not have to provide Other Redemption Options and can cancel or change them at any time, in our sole discretion. |
In addition to a credit to the Account, we may let you redeem Cash Back Dollars towards any other item that we may allow from time to time (Other Redemption Options).
Other Redemption Options are limited-time promotional offers. To redeem for Other Redemption Options or to learn more about Other Redemption Options, use the contact information listed in Section 6 How to Contact Us.
When you redeem Cash Back Dollars for Other Redemption Options, additional terms and conditions will apply and such terms and conditions will be available to you at the time you redeem for Other Redemption Options. We do not have to provide Other Redemption Options and can cancel or change them at any time, in our sole discretion. |
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Section 4.1 Each instance of the following words: "• Online at TDRewards.com" |
Deleted |
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Section 5.5 At any time, we may change, replace, add or remove any section of these TD Cash Back Program Terms and Conditions, including: • Earning Cash Back Dollars, including the number of Cash Back Dollars earned in your Cash Back Dollar balance without changing their overall value; |
At any time, we may change, replace, add or remove any section of these TD Cash Back Program Terms and Conditions, including: • Earning Cash Back Dollars, including reducing the number of Cash Back Dollars you will earn on Purchases; |
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Not applicable |
Section 5.11 What language will be used? For Residents of Quebec You acknowledge that you were provided with the French version of this agreement and that, after first having had the opportunity to examine the French version, you have expressly requested to be bound only by the English version of this agreement and that all documents directly or indirectly related to it be drawn up in English only. Vous reconnaissez qu’une version française de cette entente vous a été remise et qu’après avoir eu la possibilité de prendre connaissance de la version française, vous avez expressément demandé d’être lié uniquement par la version anglaise de cette entente et que tous les documents s’y rattachant directement ou indirectement soient rédigés exclusivement en anglais. |
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Section 6: How to Contact Us TD Rewards Support For questions about registering your Card on TDRewards.com and redeeming through the TD Rewards Website: Online: TDRewards.com By Phone: 1-888-315-0603 |
Deleted |
No, there is no action required. You can continue using your TD Credit Card as you do today, up to, and after April 30, 2025.
No, there will be no change to your credit card number or PIN number. They will remain the same.
There will be no change to your credit card number, and you don't need to update any existing pre-authorized debit (PAD) information.
Yes. There will be no change to the way you access your credit card account through EasyWeb® Online banking or the TD mobile app.
Base Earn (Cash Back Dollar / $1 Spent)
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Current |
New |
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All Spend 0.5% |
0.5% |
Accelerators (Cash Back Dollar / $1 Spent)
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Current |
New |
|---|---|
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Grocery 1% |
1% |
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Gas 1% |
Gas Electric Vehicle Charging Public Transit 1% |
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Pre-Authorized Purchases 1% |
Pre-Authorized Purchases Streaming, Digital Gaming & Media 1% |
Yes, the Annual Interest Rate will increase from 19.99% to 21.99% for Purchases.
For Residents of Quebec, it will increase from 20.99% to 21.99% for Purchases.
Yes, the Cash Advance Rate will increase from 20.99% to 21.99% for Cash Advances (including Balance Transfers and Cash Like Transactions).
The fee is being simplified to a 1% fee, or $3.50 minimum, to a maximum of $10.00. We are removing any additional PLUS* network ATM fees.
This fee is being reduced from $48.00 to $10.00.
The Credit Balance Administration Fee only applies if there is a credit Balance (i.e. negative statement balance) on your Account and there has been no credit or debit activity on your Account for 12 consecutive billing cycles. The fee is the lesser of $10.00 or the full credit Balance amount.
This fee is not applicable if your account balance is zero or greater.