What the Card Offers
TD markets the Cash Back Visa Infinite as a simple cash back card: 3% on groceries, gas, EV charging, transit, recurring bills and streaming, 1% on everything else, cash back you can redeem any time, and a first-year fee rebate.
- 3%
Cash back on everyday categories1
3% on groceries, gas, EV charging, public transit, recurring bill payments and streaming, digital gaming and media.
- 1%
Cash back on everything else2
1% in Cash Back Dollars on all other purchases.
- Any time
Redeem whenever you want3
Redeem Cash Back Dollars as a credit to your account at any time once you have $25, or automatically once a year.
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- $2M
Travel medical insurance4
Up to $2 million of emergency medical coverage for the first 10 days of a trip (4 days if you're 65 or older).
- $1,000
Mobile device insurance5
Up to $1,000 for loss, theft, accidental damage or breakdown of an eligible phone.
- $0
First-year annual fee rebate6
The $139 annual fee is rebated for the first year for you and your first additional cardholder.
- 10%
Welcome cash back6
10% cash back on up to $3,500 in bonus-category purchases in your first 3 months.
Benefits as advertised by the issuer. The conditions attached to them are in the Fine Print Report below.
Sources (6)
- TD Cash Back Visa Infinite product page, footnote 3 (retrieved 2026-10-13)
- TD Cash Back Visa Infinite product page, footnote 5 (retrieved 2026-10-13)
- TD Cash Back Visa Infinite product page, footnote 6 (retrieved 2026-10-13)
- TD Cash Back Visa Infinite product page, footnote 7 (retrieved 2026-10-13)
- TD Cash Back Visa Infinite product page (retrieved 2026-10-13)
- TD Cash Back Visa Infinite product page, footnote 2 (retrieved 2026-10-13)
Points & Redemption
Rates: TD Cash Back Program Terms and Conditions 599190 (04/25), section 3.2. Cash back is credited to your account balance at face value.
The Fine Print Report
Light fine print. The rules are clear; the main limits are the short travel medical cover and $15,000 category caps.
Travel medical: 10 days only (4 at 65+)Impact level: High
Travel medical covers only the first 10 days of a trip, and 4 days if you're 65 or older
Emergency travel medical insurance covers up to $2 million for the first 10 days of a trip for insured persons 64 or under, and only the first 4 days for anyone 65 or older. There's no included trip cancellation or interruption coverage.
Why it matters: A two-week vacation is already longer than the coverage. Buy a top-up or separate policy for longer trips.
3% capped at $15,000 per categoryImpact level: Medium
3% stops after $15,000 a year in each category, and welcome-period spending counts toward the first year's cap
Each 3% category (groceries; gas and EV charging; transit; recurring bills and streaming) earns 3% on the first $15,000 of purchases a year, then 1%. In the first year, purchases made during the 3-month welcome period are subtracted from that year's $15,000 caps.
Why it matters: Most households stay under the caps. If you spend over $1,250 a month on groceries, the extra earns 1%.
10% bonus replaces 3%: extra is $245Impact level: Medium
The 10% welcome rate replaces the 3% rate, so the extra cash back is $245, not $350
During the first 3 months, the 10% welcome rate applies to up to $3,500 of bonus-category purchases in place of the regular 3% rate, not on top of it. Spending the full $3,500 earns $350, of which $105 you'd have earned at 3% anyway.
Why it matters: The welcome offer is worth about $245 above the card's normal earnings, plus the $139 first-year fee rebate.
Cash back lost if TD closes your accountImpact level: Medium
Unredeemed cash back is lost if TD closes the account, and closing it yourself applies it to your balance
If TD closes the account for any reason, all Cash Back Dollars are forfeited immediately (outside Quebec). If you close it, your cash back is applied to the balance first; anything left must be claimed within 90 days. A year with no cash back earned or redeemed makes the account inactive, and TD may close it.
Why it matters: Redeem at least once a year. Annual redemption is free of the $25 minimum.
2.5% FX fee, charged again on refundsImpact level: Medium
2.5% foreign currency fee, charged again when a foreign purchase is refunded
Purchases in a foreign currency are converted by Visa and charged a 2.5% foreign currency conversion fee. If a foreign purchase is refunded, TD deducts another conversion fee from the refund and does not return the fee it charged on the original purchase.
Why it matters: A $500 USD hotel deposit that's refunded in full costs you about 5% of its value in fees (2.5% going out, 2.5% coming back), plus any exchange-rate movement in between.
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2 late payments: higher rates for a yearImpact level: Medium
Two late payments in 12 months move you to higher interest rates for at least a year
If TD doesn't receive your minimum payment on time twice within 12 consecutive statement periods, it raises your interest rates to the higher rates in your Disclosure Statement. The higher rates start the next statement period and only end after 12 consecutive on-time minimum payments.
Why it matters: If you ever carry a balance, two late payments make it more expensive for at least 12 months. Automatic minimum payments avoid this.
Missed payment: TD can debit other accountsImpact level: Medium
After one missed payment, TD can take money from your other TD accounts without notice
If your full minimum payment isn't received by the due date, the account is no longer in Good Standing. TD may then deduct money from any other account the Primary Cardholder has with the TD Bank Group, with or without notifying you, and may demand the full balance.
Why it matters: If your chequing or savings account is also at TD, a single missed payment can lead to a withdrawal you didn't schedule, which could bounce other payments.
Dining and travel earn 1%Impact level: Low
Dining and travel earn 1%
Restaurants, food delivery and travel aren't 3% categories; they earn the 1% base rate.
Why it matters: If restaurants are a large part of your spending, a card with a dining bonus earns more there.
Gambling and money orders = cash advancesImpact level: Low
Lottery tickets, betting, money orders and similar purchases are treated as cash advances
TD treats Cash-Like Transactions, such as casino chips, betting, lottery tickets, travellers cheques and money orders, as cash advances. Cash advances have no interest-free grace period and earn no cash back.
Why it matters: Interest starts the day of the purchase even if you pay your statement in full, and cash advance fees may apply.
Who This Card Is For
Great fit if you...
- Spend on groceries, gas and recurring bills
- Want cash back without redemption rules
- Earn $60,000+ personal income
- Take short trips (10 days or less)
- Prefer simple, predictable rewards
Consider alternatives if you...
- Spend mostly on dining or travel
- Take trips longer than 10 days
- Need trip cancellation insurance
- Spend over $15,000 a year in one category
- Make many foreign-currency purchases
Welcome Bonus History
TD Cash Back Infinite Welcome Bonus History
The Verdict
The Cash Back Visa Infinite is one of the simpler premium cards: 3% back on everyday categories, redeemable at face value whenever you like.
The welcome bonus is smaller than it looks because 10% replaces the regular 3%, and travel medical covers only 10 days. Dining and travel earn 1%.
The Recommendation: A strong everyday card if your spending is groceries, gas and bills. If you'd rather earn travel rewards, compare the TD Aeroplan Visa Infinite; for a no-fee option, the TD Cash Back Visa.
Before you apply: This teardown is general information, not financial, legal or insurance advice, and reflects the issuer's documents as of October 2026. Terms, rates, fees and offers change, and the issuer's own agreement, disclosure statement, insurance certificates and program terms are what govern your card. Read them in full and confirm details with the issuer before you apply. Full disclaimer