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Important information about changes to the TD Low Rate Visa* Credit Card Account.
Starting April 30, 2025, some changes are coming to our TD Credit Card 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:
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.
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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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 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 Transaction Fees
The following Cash Advance Transactions Fee changes do not apply to Residents of Quebec.
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Current |
New |
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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 Returned Payment Fee 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.
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.
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.