Rating: 5 Stars
Bottom Line:
Simple Cash Back on Travel and Dining
TABLE OF CONTENTS
Card Details
| Regular APR: | 14.99 (Variable) |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | 0% for 12 billing cycles |
| Rewards Rate: | 3X First Class miles on travel and dining purchases, including flights, hotels, car rentals, cruises and dining 1X First Class miles on all other purchases |
| Credit Needed: | (670 – 850) Good/Excellent |
| Annual Fee: | $89 |
| Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Earn 25,000 bonus miles when you spend $3,000 within the first 6 billing cycles
- 3X First Class miles on travel and dining purchases, including flights, hotels, car rentals, cruises and dining
- 1X First Class miles on all other purchases – miles never expire as long as your account is open and in good standing
- 25,000 bonus miles equals a $250 statement credit towards travel or dining purchases
Is TD First Class Visa Signature worth it?
TD First Class Visa Signature is a great card for people who want to get simple cash back rewards for their travel purchases. Cardholders earn 3X First Class miles on travel and dining purchases, including flights, hotels, car rentals, cruises and dining and 1X First Class miles on all other purchases.
On sign up, you get 25,000 bonus miles, equal to a $250 statement credit towards travel or dining purchases. Each Mile is worth at least one cent when redeemed for Cash Back, gift cards or travel. However, there is not a travel portal or opportunity to redeem miles for great deals on trips. Miles can be redeemed once you have already booked a trip elsewhere, which gives you a lot of flexibility.
For cash back, the redemption is exactly one cent. With this in mind, you would need to earn $89 x 100 = 8900 Miles to make up for the $89 annual fee. That’s 8900 Miles / 3 = $2967 in purchases earned on the 3X Mile reward tier of travel and dining purchases.
For example, that could be 12 months of $150/month dining expenses, plus two $500 round trip tickets across the country plus two 1-day $90 car rentals for $1800 + $1000 + $180 = $2980. If you think you’ll spend more at grocery stores than on travel, consider TD Cash, which earns 2% cash back at grocery stores.
TD First Class Visa Signature only earns 1X Miles on grocery stores, which convert to 1% cash back. If you won’t be traveling much and especially if you spend more on shopping, also consider the value you could get with a non-TD cash back card, like Chase Freedom or Discover it Cash Back.
With either of these cards you get 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cash back on all other purchases. Chase Freedom has a department store category while Discover it Cash Back has an online retailer category specifically for Amazon.com, Target, and Walmart.com.
It’s not easy to hit the maximum $1500 each quarter in the 5% cash back category, especially when it’s gas, but if you spent just half the maximum each quarter you would earn .05 x $750 x 4 = $150. Keep in mind those cards have no annual fee.
Considering all the options, if you travel and dine out relatively often and want simple cash back for your purchases, TD First Class Visa Signature is a solid card for you.
Pros
- 3X First Class miles on travel and dining purchases, including flights, hotels, car rentals, cruises and dining
- Miles don’t expire
- Visa Signature benefits
- Low APR
Cons
- No travel portal. To redeem miles to cover a trip, you book the trip with your card and then contact TD Rewards Center to redeem miles to cover the cost
- Miles can only be redeemed for full 1 cent statement credit after you’ve accumulated 25,000 miles, otherwise they can be redeemed for one half cent per Mile
Why 5 Stars?
Regular APR
5 Stars
Intro APR
5 Stars
Fees
4 Stars
Perks
5 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | None |
| Balance Transfer Fee | Either $5 or 3% of the amount of each transfer, whichever is greater |
| Cash Advance Fee | Either $10 or 3% of the amount of each cash advance, whichever is greater |
| Penalty APR | None |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Baggage Delay Reimbursement |
| Concierge Service |
| Emergency Card Replacement |
| Emergency Cash Disbursement |
| Extended Warranty Protection |
| Lost Luggage Reimbursement |
| Travel Accident Insurance |
| Price Protection |
| Purchase Protection |
| Return Protection |
| Roadside Dispatch |
| Travel and Emergency Assistance |
| Trip Cancellation/Trip Interruption Reimbursement |
| Trip Delay Reimbursement |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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