TD Business Solutions Credit Card Review
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
TD Business Solutions Credit Card is best for small and medium-sized businesses (SMBs). It’s a small business credit card that offers 1% cash back on purchases and $250 cash back via statement credit after spending $1,500 within 90 days after opening your account. You can increase your credit limit with TD Bank, which requires excellent credit to qualify for its cards.
If you wish to compare one card over another, choose a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
TD Business Solutions Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Business owners who already have existing accounts with TD Bank
Intro APR
N/A
Regular APR
16.24%, 21.24%, or 26.24% variable APR depending on credit score
Annual Fee
None
Credit Needed
Good to Excellent
- Earn unlimited 1% cash back on purchases with no rotating categories, no caps, or limits for as long as your credit card account is open and in good standing. An additional 1% after redeeming it into an eligible TD Bank account, making it a total of 2% cash back.
Pros
- No annual fees
- No cap on cash back rewards
- With sign-up bonus
Cons
- No interest-free financing option on both purchases and balance transfers
- With foreign transaction fees
- With balance transfer fees
- Cellphone protection: Can get reimbursement for your stolen or damaged cellphone when paying for your wireless phone bill with your TD Business Solutions Credit Card
- Extended warranty protection: Add up to one additional year of coverage on select items that was purchased with your TD Business Solutions Credit Card
- Roadside dispatch®: Get access to 24/7 roadside service with this pay-per-use program. Note that certain terms and conditions will apply.
- Auto rental collision damage waiver: When using TD Business Solutions Credit Card to rent a vehicle, you’ll get built-in coverage for physical damage, vandalism and theft, reasonable and customary towing
- Travel and emergency assistance services: A single phone call will get you the help needed anywhere in the world
Intro APR
N/A
Regular APR
16.24%, 21.24%, or 26.24% variable APR depending on credit score
Annual Fee
None
Credit Needed
Good to Excellent
- Earn unlimited 1% cash back on purchases with no rotating categories, no caps, or limits for as long as your credit card account is open and in good standing. An additional 1% after redeeming it into an eligible TD Bank account, making it a total of 2% cash back.
Pros
- No annual fees
- No cap on cash back rewards
- With sign-up bonus
Cons
- No interest-free financing option on both purchases and balance transfers
- With foreign transaction fees
- With balance transfer fees
- Cellphone protection: Can get reimbursement for your stolen or damaged cellphone when paying for your wireless phone bill with your TD Business Solutions Credit Card
- Extended warranty protection: Add up to one additional year of coverage on select items that was purchased with your TD Business Solutions Credit Card
- Roadside dispatch®: Get access to 24/7 roadside service with this pay-per-use program. Note that certain terms and conditions will apply.
- Auto rental collision damage waiver: When using TD Business Solutions Credit Card to rent a vehicle, you’ll get built-in coverage for physical damage, vandalism and theft, reasonable and customary towing
- Travel and emergency assistance services: A single phone call will get you the help needed anywhere in the world
When grading cash back business credit cards like the TD Business Solutions Credit Card, we first consider the ongoing and introductory rewards. We also consider annual fees, introductory and ongoing annual percentage rates (APRs), and other card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 30 |
Introductory Rewards | 10 | 20 |
Annual Fee | 15 | 15 |
Additional Features | 12 | 15 |
Introductory APR | 0 | 10 |
Ongoing APR | 8 | 10 |
Total Score | 65 | 100 |
Who the TD Business Solutions Credit Card Is Best For
- Those who already have existing accounts with TD Bank: Those who already have a savings or checking account with TD Bank can apply for this card. You’ll receive an additional 1% cash back after redeeming rewards into an eligible TD Bank account.
If this isn’t the card for your business, check out our guide to the best small business credit cards.
TD Business Solutions Credit Card Fees
APR
- Introductory APR: N/A
- Ongoing APR on purchases and balance transfers: 16.24%, 21.24%, or 26.24% variable APR depending on credit score
- Cash advance APR: 27.49% variable APR
- Due date: At least 25 days after the close of each billing cycle
- Minimum interest charge: No less than $1
Fees
- Annual: None
- Balance transfer: Either $5 or 3% of the transfer, whichever amount is greater
- Cash advance: Either $10 or 5% of the advance, whichever amount is greater
- Foreign transaction: 3% per transaction in United States dollars
- Late payment: Up to $40
- Returned payment: $39
TD Business Solutions Credit Card Rewards
- $250 cash back in the form of a statement credit after spending $1,500 within the first 90 days after opening the account
- Unlimited 1% cash back on purchases with no rotating categories, caps, or limits—as long as your credit card account is open and in good standing; additional 1% after redeeming it with an eligible TD Bank account, making it a total of 2% cash back
How To Make Payments on the TD Business Solutions Credit Card
- Online banking: You can pay online through the TD Bank website.
- Phone: Call TD Bank at (888) 561-0608 to process your credit card payments.
- TD Bank (US) mobile app: Use the iOS and Android mobile apps to pay bills.
- In person: Go to the nearest TD Bank where you can pay your credit card bills
TD Business Solutions Credit Card Features
TD Bank features
- Card security: TD Bank, in collaboration with Visa, offers Visa Zero Liability. If your card is lost, stolen, or fraudulently used, you won’t be held responsible for unauthorized charges made with your account information.
- Digital wallet: Adding your TD cards to your mobile device will let you simplify your online, in-store, and in-app purchases.
- Instant credit card replacement: In the event that your card is either lost or stolen, you can get an immediate replacement at the nearest TD Bank branch.
Visa features
- Cellphone protection: Get reimbursement for your stolen or damaged cellphone when paying for your wireless phone bill with this card.
- Purchase security: In the event that a purchase is stolen or damaged due to fire, vandalism, accidentally discharged water, or certain weather conditions within the first 90 days, purchase security can replace, repair or reimburse the eligible item.
- Extended warranty protection: Add up to one additional year of coverage on select items that were purchased with this card.
- Roadside dispatch®: Get access to 24/7 roadside service with this pay-per-use program. Note that certain terms and conditions will apply.
- Travel and emergency assistance services: A single phone call will get you the help needed anywhere in the world
- Auto rental collision damage waiver: When using this card to rent a vehicle, you’ll get built-in coverage for physical damage, vandalism, and theft, and reasonable and customary towing.
Pros & Cons of the TD Business Solutions Credit Card
| PROS | CONS |
|---|---|
| No annual fees | No interest-free financing option for both purchases and balance transfers |
| No cap on cash back rewards when purchasing qualified products | Foreign transaction fees at 3% of every transaction in US dollars |
| Signup bonus of $250 cash back―in the form of a statement credit―after you spend $1,500 within the first 90 days of opening an account | Balance transfer fees, which can be either $5 or 3% of the amount of each transfer, whichever is greater |
TD Business Solutions Credit Card Alternatives
Chase Ink Business Unlimited®
- Chase Ink Business Unlimited® offers straightforward cash back rewards at a fixed rate of 1.5% for every $1 spent on any business purchase
- Our best small business credit card and most-recommended business credit card for new businesses with no credit history
- Introductory APR of 0% on purchases for the first 12 billing cycles.
- Introductory bonus of $750 cash back after spending $7,500 within the first three months of card ownership
American Express Blue Business CashTM
- American Express Blue Business CashTM offers 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% after that
- Our best cash back business card and one of our top-recommended small business credit cards
- 0% introductory APR on purchases for the first 12 billing cycles
- No need to transfer your rewards to your personal account as all cash back earned is credited to your statement automatically
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Capital One® Spark® Cash Select Good Credit
- Capital One® Spark® Cash Select Good Credit offers an interest-free financing option of 0% on purchases for the first 12 billing cycles
- One of our leading business credit cards for consultants and top business credit cards for the self-employed
- Unlimited 1.5% fixed-rate cash back on all purchases; can be redeemed upon request in the form of a statement credit or a check by mail
Capital One® Spark® Cash Select Good Credit
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Businesses with good credit that want a 0% introductory APR and fixed 1.5% cash back rewards
Intro APR
0%
Regular APR
20.74%, 25.74%, or 28.74% variable
Annual Fee
$0
Credit Needed
Good
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- Unlimited 1.5% fixed-rate cash back on all purchases with no limits or category restrictions
Pros
- No annual, balance transfer, and foreign transaction fees
- With intro 0% APR on purchases
- Free employee cards
Cons
- No intro 0% APR on balance transfers
- No sign-up bonus for their new cardholders
- With high cash advance and penalty APRs
- Zero fraud liability: If your card is lost or stolen, you can get an emergency replacement and a cash advance
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing
- Free employee cards: You can track employee spending while earning all the rewards from their purchases by issuing free employee cards. In addition, you can set customized spending limits for employee cards and see transactions as soon as they post
- Purchase records: You can quickly and securely download your purchase records in different formats, such as Quicken®, QuickBooks®, and Excel®
Intro APR
0%
Regular APR
20.74%, 25.74%, or 28.74% variable
Annual Fee
$0
Credit Needed
Good
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- Unlimited 1.5% fixed-rate cash back on all purchases with no limits or category restrictions
Pros
- No annual, balance transfer, and foreign transaction fees
- With intro 0% APR on purchases
- Free employee cards
Cons
- No intro 0% APR on balance transfers
- No sign-up bonus for their new cardholders
- With high cash advance and penalty APRs
- Zero fraud liability: If your card is lost or stolen, you can get an emergency replacement and a cash advance
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing
- Free employee cards: You can track employee spending while earning all the rewards from their purchases by issuing free employee cards. In addition, you can set customized spending limits for employee cards and see transactions as soon as they post
- Purchase records: You can quickly and securely download your purchase records in different formats, such as Quicken®, QuickBooks®, and Excel®
Bottom Line
TD Business Solutions Credit Card is best for business owners who have active TD Bank savings or checking accounts. One unique thing about it’s how much cash back you can get, especially if you have an active TD Bank account that you can connect it with. You get unlimited 1% cash back on purchases and a welcome offer of $250 after spending $1,500 within the first 90 days of card ownership. It also offers fraud and purchase protection benefits.
