Review
TD Cash Secured Credit Card Review: Earn Rewards While Building Credit
Looking to build credit and earn rewards? Our TD Cash Secured Credit Card review breaks down how you can earn cash back while establishing your credit history.
| Annual Fee | $29.00 |
| Regular APR | Annual Percentage Rate (APR) for Purchases 26.49% variable APR APR for Balance Transfers 26.49% variable APR APR for Cash Advances 28.74% variable APR |
| Rewards Rate | 1%-3% Cash Back |
| Sign-up Bonus | None |
| Other Fees | Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever 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 Returned Payment Up to $40 |
Overview
Pros & Cons
What's great
- Cashback on purchases
- Build or rebuild credit
- Set your own credit limit
- No fee for balance transfers
Things to consider
- Annual fee
- High regular APR
- Foreign transaction fees apply
- High balance transfer fee
- Requires a security deposit
Benefits
Drawbacks
Decision Guidance
Summary
The TD Cash Secured Credit Card is a reasonable option for individuals with poor credit seeking to build or rebuild their credit, but it has several drawbacks that prevent it from being a top-tier choice. Its strengths lie in offering cash back rewar...