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With a juicy 3% cash-back return on gas, groceries and recurring bills, like streaming subscriptions and utilities, plus travel insurance and roadside assistance, this card is a contender in its category.
If you consider yourself a coffee-lover, foodie, traveller—or all of the above—this cash back card might be the perfect for your lifestyle. It offers a strong earn rate on food and travel spends. It also includes perks that offer peace of mind on your daily commutes or big vacations, like complimentary roadside assistance benefits and travel insurance. What’s more, it offers the flexibility to use your cash back when you actually need it, not on an arbitrary date like with many other cash back loyalty programs.
Should you switch over to this card? Maybe… With so many travel cards on the market, we break down the benefits and the drawbacks of this impressive cash back card, so you can see if it’ll meet your needs.
Annual fee: $139 (waived first year)
Welcome offer: Earn up to $500 in value, including 10% in cash back during the first three months (up to $350 in cash back). Conditions apply. Account must be approved by January 6, 2025.
Card details
| Interest rates | 20.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 680 or higher (recommended) |
Like most cash back cards, the TD Cash Back Visa Infinite Card offers different earn rates in different categories. Gas, groceries and recurring bills earn a substantial 3%. That’s impressive, considering these categories are what most people tend to use their credit cards on generally. Also, you get rate of 1% on all other purchases. For context, most cash back cards tend to offer 0.5% on everything else.
What does this translate to in real life? A family using the TD Cash Back Visa Infinite Card to purchase a monthly average of $750 in groceries, $200 on gas and $125 on recurring bills will get back around $385 annually on those three categories alone. And that’s on top of the 1% back for all other purchases. Simply put, you can easily earn back the annual fee and then some.
New cardholders are welcomed with a noteworthy offer. You can earn up to $500 in value, including 10% in Cash Back Dollars in the first 3 months on Bonus Eligible Purchases up to a total spend of $3,500. Conditions apply. Account must be approved by January 6, 2025.
Cardholders are automatically enrolled as Deluxe members in the TD Auto Club, which entitles them to complimentary roadside assistance services. This coverage is 24/7 and designed for roadside emergencies like dead batteries, flat tires or breakdowns. As a Deluxe member, you’ll have access to a tow to the nearest service centre (up to 200 kilometres), emergency transportation and even financial reimbursement for food, and rest expenses up to $200 in case you’re stranded due to a vehicle-related issue. Similar assistance packages typically cost between $69 and $100 on a stand-alone basis.
Some cash back credit cards offer reimbursement on a fixed schedule—usually once per year, on a specific month’s statement. While it’s nice to have it that money at all, it’s handy to have your cash back when you decide, like before the holidays or for a vacation. With the TD Cash Back Visa Infinite Card, you can access your funds when you need them, with no time restrictions (though a minimum of $25 must be redeemed).
Travel insurance is one of the most attractive perks a card can carry, saving cardholders then hassle and money of buying stand-alone coverage. With the TD Cash Back Visa Infinite Card, you’re protected up to $2 million for medical emergency insurance for trips of up to 10 days (if you or your spouse is aged 65 or older, you are covered for the first four days). And you’re covered for delayed or lost baggage costs. These aren’t the most comprehensive travel insurance benefits around, even when compared to other cash back cards. For a credit card that’s not a travel card, though, it’s not a bad offering.
Since this card is from TD, a big bank, it may be a good fit for those who want to keep all their accounts with a single institution—and there may well be benefits to doing so. For example, TD members with an All-Inclusive Chequing Account holding a minimum balance of $5,000 at all times can have the both the card’s $139 annual fee along with everyday banking fees rebated each and every year. Note, though, if the balance in your All-Inclusive Chequing Account dips below $5,000, you’ll owe a $30 monthly account fee.
As long as your account is open and in good standing, your cash back dollars will remain useable.
If you’re a Starbucks regular, you may have just struck…dark roast. Not only can you redeem TD points for stars at Starbucks, but you’ll earn 50% more stars when you link your TD card to your Starbucks rewards account as a payment method.
The TD Cash Back Visa Infinite Card has some healthy earn rates. But what do the rewards look like in real-dollar terms? To give you an idea, we ran the numbers using an estimated monthly spend in each category as an example. Your exact totals will depend on your actual spending habits.
| Bonus Categories | Monthly Spend | Annual Rewards |
| Groceries (3%) | $500 | $180 |
| Recurring bills (3%) | $200 | $72 |
| Gas (3%) | $125 | $45 |
| Everything else (1%) | $1,000 | $120 |
Based on this scenario, you could earn $417 in cash back every year—or, $278 after deducting the annual fee. This cash back reward is on top of other valuable benefits, like the complimentary roadside assistance, which would normally cost $69 to $100 annually, and the included travel insurance. Not to mention, in your first year, you receive a rebate on the $139 annual fee and can earn up to $200 in bonus cash back.
One of this credit card’s major perks is the competitive earn rate it boast on gas and grocery purchases. However, there is a caveat: the 3% cash back is subject to a $15,000 spending cap for the year, at which point, you’ll only earn 1% on gas and grocery spending. If you spend a lot in these categories, you might want to consider another card, or supplement your spending with another rewards card that offers more than 1% after you meet that cap. The recurring bill payment category also comes with a $15,000 limit, and then moves to 1% cash back, as well.
Plus, the TD Cash Back Visa Infinite Card has a minimum annual income requirement of $60,000 (or $100,000 for the household), meaning it’s not accessible to a large number of Canadians. If you don’t hit the requirement, consider another great cash back card with lower or no income requirements, like the Tangerine Money-Back Credit Card or SimplyCash Preferred Card from American Express.*
While it earns a strong 3% across the board on groceries, gas and recurring bills, there are some alternatives that earn more in certain categories. Depending on your spending habits, you might want to consider these alternatives. There are some competitive cash back card alternatives out there as well.
| Scotia Momentum Visa Infinite | SimplyCash Preferred Card from American Express | |
| Groceries | 4% | 4% |
| Gas | 2% | 4% |
| Recurring bills | 4% | 2% |
| Public transit | 2% | 2% |
| Everything else | 1% | 2% |
| New mobile device coverage | Yes | No |
The Scotia Momentum Visa Infinite gets you 4% back on groceries and recurring bills, and 2% on public transit. However, it does lag behind the TD CashBack Visa Infinite Card on one category that’s a big credit card purchase for many: gas. You get only 2% back, and it doesn’t include the complimentary roadside assistance benefits instead offering new mobile device insurance. Also, this Scotia credit card only lets you redeem your cash back once per year, while TD lets you redeem any time of the year.
Annual fee: $120
Welcome offer: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Offer ends June 30, 2025.
Card details
| Interest rates | 20.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 725 or higher |
And it has a flat rate of 2% cash back on everything you buy using this card. Depending on your spending habits, the flat-rate structure may work better than higher rates in select categories. Note, though, that as an American Express card, it isn’t as widely accepted as a Visa, and the cash back is redeemed only once per calendar year.
Annual fee: $120
Welcome offer: Earn a bonus 10% cash back on all purchases for your first three months (up to $2,000 in purchases) and a $50 statement credit when you make a purchase in month 13 (total value of up to $250).
Card details
| Interest rates | 21.99% on purchases, 21.99% on cash advances |
| Income required | None specified |
| Credit score | 725 or higher |
The TD Cash Back Visa Infinite Card is a super-strong contender in the cash back category, especially for families with one or more car commuters.
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Car assistance is also of no good value as TD has changed their terms in which the car will be towed to first nearest any ceritified mechanic and if it’s there in 2kms distance then it will be towed to that mechanic and not to your choice mechanic. Hence card holder have to pay for every extra kms distance after 2kms extra money if you want to get it towed to your choice mechanic. TD mention 200kms but it’s eyewash. Previous it was like that you can towed to your mechanic up to 200kms without paying extra money. I am really disappointed. It’s not worth paying $120 annual fees just for car assistance as other credit card give rest benefits like TD except car assistance
Excellent read! Just a small correction, the chequings account that waived the annual fee is called the All-Inclusive chequings account. The Unlimited Chequings account that you mentioned is one level lower, requires $4000 monthly min balance and does not waive the annual fee for the Cashback Infinite Visa card
Thanks for letting us know. We will update this as soon as we can. Our goal is to have the most up-to-date information. We do our best to fact check all our content before it gets published and make updates regularly, but some things may get missed. We would like to remind our readers to do their own fact checking before making any personal finance decisions.
I was received 3% cash back on groceries and gas. But for the last 2 months. It’s only 1 % . Will call and update.
Do not count on Roadside assistance benefit on the TD cash back card as it is useless. I called roadside assistance because I had a flat tire. The lady took all the information and noone showed up. Luckily, I was close to a gas station so I drove there and put air in the tire to be able to drive home. Took care of flat tire the next day. To this day, I did not hear back from them. I am totally disappointed with the experience and will not be keeping this card in my wallet. What a scam!!