Image courtesy of Getty Images, Illustration by Hunter Newton/Bankrate
Over the past few years, many banks have expanded their credit card options and added more features than ever before. This can come in the form of expanded travel rewards, lower interest rates, better shopping protections, and more. They’ve also made banking more convenient with improved online banking and 24/7 customer service.
Among them is TD Bank, which calls itself “America’s Most Convenient Bank.” TD Bank credit cards offer unique financial features for customers who want to minimize the impact of debt or move away from more conventional banks.
What is TD Bank?
TD Bank, part of Canada’s TD Bank Group, is one of the largest banks in the U.S. It stands out among its competitors because it’s open on Sundays, has a wide branch network, and offers great customer service. It’s also particularly friendly to seniors and students, and waives fees on certain accounts (conditions may apply). It’s a good banking option, especially for those who live on the East Coast.
TD Bank’s Top Credit Cards
Some of TD Bank’s top credit cards include the TD Clear Platinum Visa Credit Card with a $2,000 credit limit, the TD Clear Platinum Visa Credit Card with a $1,000 credit limit, the TD FlexPay Credit Card, the TD Double Up Credit Card, and the TD Cash Credit Card. Here’s a summary of the features and key benefits of each:
Pros and Cons TD Bank credit card
- You’ll have access to many digital banking features, including Zelle and online bill pay.
- Your card comes with Visa rewards that add long-term value
Cons
- Some cards don’t offer any rewards, which reduces their overall value
- Subscription-based cards offer rewards and don’t charge interest, but monthly fees add up over time.
How to apply for a TD Bank credit card
Applying for a TD Bank credit card is just like applying for any other credit card. You can apply for your desired card in person at a TD Bank branch, online, or over the phone.
When applying, you will need to provide personal information such as your name, address, social security number, annual income, etc. It may take up to two business days to find out if you have been approved.
Is a TD Bank credit card worth it?
If you tend to carry a balance or have existing debt you want to pay down, a TD Bank credit card is a good choice. With the TD Bank Clear card, you could save a lot by replacing a higher interest rate with a monthly fee. If you want a more traditional card, the FlexPay, Double Up, or TD Cash cards include introductory APR offers on balance transfers.
That being said, the TD Bank Clear card will have monthly fees of $120 or $240 per year. Plus, these cards don’t offer the perks and perks that most cards with annual fees in this price range have. If you tend to pay your balance every month, you might want to consider other rewards credit cards instead.
Conclusion
TD Bank’s Clear Platinum Visa card comes with a unique no-interest perk. However, if you don’t carry a balance, the monthly fees can get expensive in the long run. Additionally, the card offers no perks and far fewer rewards than other cards that charge similar annual fees.
If you’re interested in earning rewards or taking advantage of an introductory balance transfer offer, consider other cards from TD Banks, and be sure to check out our list of the best 0 percent APR cards before you decide.
