TD Bank
TD Business Solutions Credit Card
Key Features
| Annual Fee | $0.00 |
| Intro APR | 0% introductory APR for first 12 billing cycles after account opening. |
| Regular APR | After that, 17.49%, 22.49% or 27.49% variable APR based on your creditworthiness. 17.49%, 22.49% or 27.49% variable APR based on your creditworthiness 28.74% variable APR |
| Other Fees | Balance Transfer Fee: $5 or 5% of transfer whichever amount is greater Minimum Interest Charge: $1 Cash Advance Fee: $10 or 5% of advance whichever amount is greater Foreign Transaction Fee: 3% of each transaction in U.S. dollars Late Payment: Up to $40 Return Payment: $39 |
| Network | Visa |
About this card
The TD Business Solutions Credit Card is a mixed bag. Its strengths lie in the unlimited 2% cash back on all purchases and the absence of an annual fee, making it a straightforward and valuable option for small business owners. The $250 sign-up bonus is also attractive. However, the high regular APR (up to 27.49% or even 28.74%), foreign transaction fees, and mixed reputation of TD Bank's customer service significantly detract from its overall appeal. The card is best suited for businesses that prioritize simplicity and pay their balances in full each month to avoid high interest charges. The lack of additional perks found on other business cards further limits its value proposition.
Pros & Cons
What's great
- No annual fee
- Intro APR period
- Generous sign-up bonus
- High rewards rate
- Cashback on purchases
Things to consider
- High regular APR
- Foreign transaction fees apply
- High balance transfer fee
What this card offers
Sign-up bonuses
- Earn $250 Cash Back in the form of a statement credit when you spend $1,500 within the first 90 days after account opening
Rewards
- Earn unlimited 2% Cash Back on all eligible purchases
Other features
- Visa Spend Clarity for Business – at no cost to you, access a suite of spend management tools to keep spending on track with dashboards and reporting, card controls and integration with accounting software
- Add Employee cards at no cost with the ability to set spending limits
- Get Visa benefits like cell phone protection when you pay your monthly mobile bill with your card
- No rotating Spend Categories, no caps or limits as long as your credit card account is open and in good standing
- Add your TD cards to your mobile device to simplify your online, in-store and in-app purchases
- Enjoy Visa security on purchases, plus protection against unauthorized charges
- Learn more about the convenience and security of contactless payments
Additional Notes
The person applying for the account is individually liable for the payment of all balances on the account and all cards issued pursuant to this application.