TD Bank TD Business Solutions Credit Card Review: Unlimited 2% Cash Back, No Annual Fee
The TD Business Solutions Credit Card boasts unlimited 2% cash back, a $400 bonus, and 0% intro APR. Read our review to see if this powerful, no-annual-fee card is the perfect fit for your business's spending habits.
| Annual Fee | $0.00 |
| Sign-up Bonus | $400 Cash Back |
| Rewards Rate | 2% Cash Back |
| Intro APR | 0% introductory APR for first 12 billing cycles after account opening. |
| Regular APR | APR for Purchases: 17.49%, 22.49% or 27.49% variable APR based on your creditworthiness APR for Balance Transfers: 17.49%, 22.49% or 27.49% variable APR based on your creditworthiness APR for Cash Advances: 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 |
Overview
The TD Business Solutions Credit Card is a compelling choice for small business owners seeking simplicity and strong rewards without an annual fee. Its main draw is an excellent unlimited 2% cash back on all eligible purchases, a rate that competes with the best flat-rate cards on the market. This straightforward earning structure is paired with a generous sign-up bonus: earn $400 cash back after spending $3,000 within the first 90 days. To top it off, new cardholders can take advantage of a 0% introductory APR for the first 12 billing cycles, providing valuable breathing room for large purchases or managing initial business expenses.
However, the card's strengths are best utilized by businesses that pay their balance in full each month. Once the introductory period ends, the variable APR can be quite high, potentially wiping out any rewards earned if you carry a balance. Additionally, the card charges a 3% foreign transaction fee, making it a poor choice for businesses with international expenses or travel. Free employee cards and access to Visa's spend management tools add practical value for tracking and controlling company spending.
Ultimately, the TD Business Solutions Credit Card is ideal for U.S.-based businesses that want a simple, high-yield cash back card for everyday operations. If you can pay your bills on time and in full and don't spend money abroad, this no-annual-fee card offers fantastic, uncomplicated value.
Pros & Cons
What's great
- No annual fee
- Intro APR period
- Generous sign-up bonus
- High rewards rate
- Cashback on all purchases
- Business management tools
Things to consider
- High regular APR
- Foreign transaction fees apply
- High balance transfer fee
- High cash advance fee
Benefits
Generous Welcome Offer
The TD Business Solutions Credit Card starts strong with a lucrative welcome offer for new cardholders. You can earn a $400 cash back statement credit after spending $3,000 on eligible purchases within the first 90 days of opening your account. This is a highly competitive bonus, especially for a business card that charges no annual fee, providing significant upfront value with a reasonable spending requirement that most businesses can meet through regular expenses.
Simple and Powerful Cash Back Rewards
The card's main appeal lies in its straightforward and high-value rewards structure. Cardholders earn an unlimited 2% cash back on all eligible purchases, with no need to track rotating categories or worry about spending caps. This flat-rate system is ideal for business owners who want to maximize rewards without managing a complex program. A 2% return on every dollar spent is a top-tier rate for a no-annual-fee card, making it a powerful tool for earning back on everything from inventory and supplies to advertising and travel.
Practical Perks for Business Owners
Beyond rewards, the card includes several features designed to simplify business finances. New cardholders can take advantage of a 0% introductory APR on purchases for the first 12 billing cycles, offering valuable breathing room to finance large purchases or manage cash flow. Additionally, the card comes with Visa Spend Clarity for Business at no cost, a suite of tools that helps track spending and integrate with accounting software. You can also add employee cards for free and set individual spending limits, making it easier to manage team expenses. A final valuable perk is cell phone protection, which provides coverage when you pay your monthly mobile bill with the card.
Drawbacks
The card's most significant weakness is its potentially high ongoing APR, which can climb to 27.49% or higher. For a business that might need to carry a balance from time to time, this high interest rate could easily negate the value of the cash back rewards earned. This makes the card best suited for business owners who are certain they can pay their balance in full each month.
Another notable downside is the 3% foreign transaction fee. This fee makes the card a costly choice for any business-related travel abroad or for purchasing goods and services from international suppliers. The fee effectively cancels out the 2% cash back earned on such transactions and adds an extra 1% cost. Businesses with any international spending will find better value with a card that waives this fee. Finally, while the card offers a 0% introductory APR on purchases, its 5% balance transfer fee is on the higher end of the market, diminishing its appeal for consolidating existing debt.
Decision Guidance
This card is an excellent fit for U.S.-based businesses seeking simple, high-yield cash back on all domestic spending without an annual fee. Its value hinges on your ability to pay the balance in full after the intro APR period ends, as the high ongoing interest rate can easily negate your rewards. Businesses with international expenses or those that tend to carry debt should look elsewhere due to the card's foreign transaction fee and high regular APR.
Summary
The TD Business Solutions Credit Card is a fantastic no-annual-fee option for U.S.-based businesses that want simple, high-yield cash back for everyday operations. Its unlimited 2% cash back on all purchases provides excellent, uncomplicated value, though its benefits are best for those who pay their balance in full after the intro APR period and avoid international purchases to steer clear of the foreign transaction fee.