Is the TD Cash Back Visa Infinite worth it?

The TD Cash Back Visa Infinite is worth it if you already bank with TD and value the convenience of integrated banking. On typical family spending, it earns roughly $408/year in cash back ($269 after the $139 annual fee). However, the Scotiabank Momentum Visa Infinite earns more across every category at a lower fee — so it's only the best choice if TD integration matters to you.

What is the annual fee for TD Cash Back Visa Infinite?

The annual fee is $139. TD frequently offers the first year free or a large welcome bonus (up to 10% cash back on the first $2,000 in spending) to new cardholders. Some TD banking bundles may waive or reduce the annual fee.

How is TD Cash Back Visa Infinite cash back paid out?

Cash back is automatically applied as a statement credit to your account once per year on your statement date. You do not need to manually redeem or log in to claim it. There is no minimum threshold to receive your cash back.

Does the TD Cash Back Visa Infinite have Visa Infinite perks?

Yes. As a Visa Infinite card, it includes complimentary Boingo Wi-Fi, Visa Infinite Luxury Hotel Collection access (room upgrades, breakfast, late checkout at select hotels), and concierge service. These are standard across all Visa Infinite cards in Canada and not specific to TD.

TD Cash Back Visa Infinite Review 2026: Rates, Fees & Is It Worth It?

Item: TD Cash Back Visa Infinite
Rating: 4.0

The TD Cash Back Visa Infinite is a solid cashback card for TD banking customers who want everything in one place, but it’s objectively outperformed by the Scotiabank Momentum Visa Infinite on pure cashback value. At 3% on groceries, gas, and recurring bills versus Scotiabank’s 4% on those same categories plus dining, and $139/year versus $120, the TD card earns less and costs more. Where the TD card wins is convenience: if you already bank with TD, having your cashback card integrated with EasyWeb and your other TD products has real value. The welcome bonus (often 10% on your first $2,000) also makes the first year attractive.

Card at a Glance

Feature	Details
Card name	TD Cash Back Visa Infinite
Annual fee	$139
Minimum income	$60,000 personal / $100,000 household
Network	Visa Infinite
Rewards type	Cash back
Welcome bonus	~10% on first $2,000 spend
Insurance	Purchase protection, auto rental, travel medical

Cash Back Rates

Category	Rate
Groceries	3%
Gas	3%
Recurring bills	3%
Everything else	0.5%

Annual Cash Back Estimate

Monthly Spend	Category	Annual Cash Back
$600 groceries	3%	$216
$200 gas	3%	$72
$200 recurring bills	3%	$72
$800 other	0.5%	$48
Total		$408

Net return after $139 fee: $269/year.

TD Cash Back vs Alternatives

The comparison table below tells the story clearly: the Scotiabank Momentum beats the TD card in every earning category. Groceries: 4% vs 3%. Gas: 4% vs 3%. Dining: 4% vs 1%. General spending: 1% vs 0.5%. The TD Cash Back’s 0.5% general rate is particularly weak — you’re earning essentially nothing on everyday purchases outside the bonus categories. If you’re not committed to TD banking, the Scotiabank card is the better choice. If you are a TD customer, ask about bundle discounts that may waive or reduce the annual fee.

Feature	TD Cash Back VI	Scotia Momentum VI	CIBC Dividend VI
Annual fee	$139	$120	$139
Grocery	3%	4%	4% (capped)
Gas	3%	4%	—
Dining	1%	4%	2%
General	0.5%	1%	1%
Best for	TD loyalists	Best overall	CIBC clients

Who Should Get This Card

Profile	Recommendation
TD bank customer who wants simplicity	Yes — banking integration is a genuine convenience
Maximizing cash back return	No — Scotiabank Momentum earns more across every category
High-spender on groceries and gas	Maybe — but the 3% cap vs 4% at Scotiabank adds up
Low annual spending under $15K	No — a no-fee card like the Tangerine Mastercard earns more net
New to credit cards	No — the $60K income requirement is high; start with a no-fee card

Insurance Coverage

The TD Cash Back Visa Infinite includes solid Visa Infinite-level insurance:

Insurance	Coverage
Purchase protection	90 days coverage for theft or damage on items bought with the card
Extended warranty	Doubles manufacturer’s warranty by up to 1 additional year
Auto rental collision/loss damage	Coverage when you decline the rental company’s CDW and pay with the card
Travel medical insurance	Up to 21 days per trip (under age 65)
Trip cancellation	Up to $1,500 per person
Trip interruption	Up to $3,000 per person
Common carrier accident	Up to $500,000
Baggage delay	Up to $500

The auto rental coverage alone can save $15–$30/day when renting a car. The 21-day travel medical insurance is standard for Visa Infinite cards and sufficient for short vacations, though you should supplement it for longer trips or if you have pre-existing conditions.

Pros and Cons

Pros	Cons
3% on three common categories (groceries, gas, recurring bills)	0.5% general rate is among the worst in this tier
Automatic annual statement credit — no manual redemption	$139 fee is $19 more than Scotiabank Momentum’s $120
Strong welcome bonus (~10% on first $2,000)	3% earning rate trails Scotiabank’s 4%
Full Visa Infinite insurance suite	No dining bonus category (only 0.5%)
Seamless integration with TD EasyWeb banking	Cash back paid only once per year (some cards pay monthly)
TD’s large branch and ATM network	No no-fee downgrade option within the TD Cash Back lineup

The Bottom Line

The TD Cash Back Visa Infinite is a decent cashback card for TD loyalists, but the Scotiabank Momentum Visa Infinite earns more across every category at a lower annual fee. Get this card if you value TD banking integration and the welcome bonus is strong; otherwise, the Scotiabank Momentum or a no-fee card like Rogers World Elite delivers more value.