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TD Bank Group review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

TD Bank Group suits people who want a rewards credit card with no annual charge, under an 21.99% purchase rate. The catch is currency: a 3.5% conversion fee makes it a poor card for spending abroad, and the US charter sits with the FDIC and the Office of the Comptroller of the Currency.

Key facts

Best for
A free-earning credit card for everyday spending in the home market.
Annual fee
CA$0↗
APR
21.99%↗
Currency conversion fee
3.5%↗
Rewards type
Points↗
Rewards rate
1 point per $1 spent on all purchases, bonus earning on travel, groceries, dining, transit, recurring bills and streaming↗
Card kind
Credit↗
Legal entity
TD Bank, National Association↗
Headquarters
United States↗
Support channels
Phone, Email, Help-centre↗
Pricing model
No annual fee
Features
Rewards
Official website
td.com

Savings

Headline rate
0.01%↗
Rate type
Variable↗
Term
12 to 84 months↗
Minimum deposit
CA$0↗
Deposit protection
FDIC up to USD 250,000↗
Access terms
Frequent access to funds, interest calculated daily on every dollar↗
Monthly fee
$0↗
Account kind
Easy access↗

Loans

Loan amount
from CA$2,000↗
Lender type
Direct lender↗
Loan types
Personal, Debt-consolidation↗
Use cases
Home-improvement↗

Debit cards

Card type
Debit↗
Card network
Visa↗

Mortgages

Fixed period
3 to 5 years↗
Purpose
Purchase, First-time-buyer, Remortgage, Home-equity↗

Facts checked September 26, 2026, 12 sources

Apps and profiles

Elsewhere
WikidataWikipediaLinkedInXTrustpilot

Pros and cons

Pros

  • No annual fee on the no annual fee credit card: CAD 0
  • Points on every purchase, with bonus earning on travel, groceries, dining, transit, recurring bills and streaming
  • Deposits carry FDIC up to USD 250,000
  • Help available by phone, email and help centre

Cons

  • A 3.5% currency conversion fee applies on foreign spend
  • Purchase APR of 21.99% sits above the site median of 15.5%
  • The reward rate is a points scheme, not cash in hand
TD Bank Group

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • Anyone paying down a balance who can clear it in full each month
  • Shoppers already earning bonus points on travel, groceries and dining
  • Customers of a large US bank who want deposit cover

Who should look elsewhere

  • Frequent travellers who convert currency, where the 3.5% fee bites
  • Borrowers who carry a balance month to month at 21.99%
  • Point-savers who would rather have cashback than points

Fees and currency costs

The no annual fee credit card charges CAD 0 a year, which is the cheapest end of the market, where the site median is €0 and the upper quartile reaches €6. Borrowing is not cheap: the purchase APR is 21.99%, above the site median of 15.5%. The cost that decides this card is the 3.5% currency conversion fee, well past the site median of 1%, so foreign purchases work out dear.

How TD Bank Group compares

Where TD Bank Group is available

Available
Canada, United States
Licence in United States
Office of the Comptroller of the Currency (18409), checked September 26, 2026
Licence in United States
FDIC (FDIC cert 18409), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the TD Bank Group credit card cost to hold?+

The annual fee on the no annual fee card is CAD 0, so there is no yearly charge for keeping it. The site median annual fee is €0, with the upper quartile at €6. The costs sit in the interest and currency, not the fee.

What interest rate applies if I carry a balance?+

The purchase APR is 21.99%, against a site median of 15.5% and an upper quartile of 27.8%. That is above the middle of the market, so a balance carried from one statement to the next costs more here than with many rivals.

What does it cost to spend in another currency?+

The currency conversion fee is 3.5%. The site median is 1% and the top quartile is 2.5%, so this fee sits well above a typical card. Anyone paying abroad often is better off on a no-fee conversion card.

What rewards does the card give?+

Rewards are in the form of points. The card earns one point per dollar on all purchases, with bonus earning on travel, groceries, dining, transit, recurring bills and streaming. Cashback cards are the larger group on the site, so points are the less common choice.

Is the bank regulated and are deposits protected?+

The bank holds both an FDIC and an Office of the Comptroller of the Currency charter in the US. Deposits are covered under FDIC up to USD 250,000. The FDIC charter also gives a single US market rather than a European one.

Can I get help when something goes wrong?+

Support runs through phone, email and help centre, so phone, email and a help centre are all listed. A help centre is the most common channel across the site, and live chat is the least common, so it is worth having the number to hand for a blocked card.

What other accounts come with the same relationship?+

The savings side is an easy access account with frequent access to funds and interest calculated daily on every dollar, at a headline rate of 0.01% and a variable rate. The minimum deposit is CAD 0, so there is no floor to get started.

Does TD Bank Group lend as well as it lends on cards?+

It lends directly, covering personal and debt consolidation. Loans start at from CAD 2,000 and run for 12 to 84, with home improvement among the uses. Mortgages cover purchase, first time buyer and remortgage over a fixed period of 3 to 5.

Sources

Compiled from 12 source pages, checked September 26, 2026. We did not open an account.

TD Bank Group

TD Bank Group

A free-earning credit card for everyday spending in the home market.

9.0/10See alternatives