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TD Business Solutions Credit Card Review

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By Benilyn Formoso - Suralta on September 28, 2020

Benilyn has over a decade of experience as a banking officer. Her expertise is featured throughout Fit Small Business in personal finance, credit card, and real estate investing content.

This article is part of a larger series on Best Small Business Credit Cards.

TD Business Solutions Credit Card

Apply Now

On TD Bank's Secure Website

Intro APR Regular APR Annual Fee Credit Needed
0% APR on purchases 12.99% to 22.99% Variable $0 Good - Excellent
  • 0% introductory APR on purchases for first 6 billing cycles after account opening. After that, 14.99%, 19.99% or 24.99% based on your creditworthiness
  • Earn 3% Cash Back on phone, internet and cable services
  • Earn 2% Cash Back on dining and at gas stations
  • Earn 1% Cash Back on other eligible purchases*
  • No caps, no limits as long as your account is open and in good standing
See Full Editorial Review Here
Pros
  • Low ongoing APR
  • High rewards on telecommunications services
Cons
  • Small introductory reward
  • Fewer protections and insurance than other leading cards
  • Visa Zero Liability: Enjoy protection against unauthorized charges
  • Instant card replacement: TD Bank can immediately replace your card if it’s lost or stolen

The TD Business Solutions Credit Card is an excellent cash back card that’s best for business owners who spend regularly on telecommunications services. This small business credit card offers rewards that can be used for cash back, gift cards, merchandise, or travel. It comes with additional perks, including zero liability and instant card replacement.

Who the TD Business Solutions Credit Card Is Best For

  • Business owners with significant spending on telecommunications services: The TD Business Solutions Credit Card offers 3% cash back on your phone, internet, and cable expenses.
  • Business owners who are looking for a low-annual percentage rate (APR) cash back credit card: The TD Business Solutions Credit Card offers a low ongoing APR. This is a great option for business owners who want a low-APR credit card that allows them to earn rewards.

How We Evaluate Cash Back Business Credit Cards

When grading cash back business credit cards like the TD Business Solutions Credit Card, we weigh ongoing and introductory rewards heaviest. We also take into account the annual fee, introductory and ongoing APRs, and card benefits.

Grading Criteria
Card Score
Highest Possible Score
Ongoing Rewards
20
30
Introductory Rewards
15
20
Annual Fee
15
15
Features
0
15
Introductory APR
5
10
Ongoing APR
10
10
Total Score
65
100

TD Business Solutions Credit Card Fees

  • Introductory APR: 0% introductory APR on purchases for the first six billing cycles after account opening
  • Ongoing APR: 12.99% to 22.99% variable, which will adjust with the prime rate
  • Annual fee: None
  • Balance transfer fee: Either $5, or 3% of the amount of each transfer, whichever is greater
  • Foreign transaction fee: None
  • Cash advance fee: Either $10, or 5% of the amount of each cash advance, whichever is greater

TD Business Solutions Credit Card Rewards

  • 3% cash back on every dollar spent on phone, internet, and cable services
  • 2% cash back on every dollar spent on dining and at gas stations
  • 1% cash back on all other purchases

Welcome offer: Earn $300 cash back when you spend $3,000 in eligible purchases within the first 90 days from account opening

Rewards are issued as points that may be converted into cash back. You can redeem your rewards as cash back or gift cards. To redeem points for cash back, you need at least 2,500 points. You can also use your points for merchandise and travel. Each point is worth at least 1 cent when redeemed for cash back, gift cards, and travel, but may be worth more or less than 1 cent when redeemed for merchandise.

TD Business Solutions Credit Card Features

Visa Zero Liability

TD Business Solutions Credit Card cardholders won’t be held responsible for unauthorized charges if the card is used to commit fraud. Federal law caps liability at $50, but if you report the loss of your card to the issuer before any fraudulent charges are made, you are not liable for any charges.

Digital Wallet

You can add your TD Bank credit card to Apple Pay, Samsung Pay, or Google Pay so that you can pay conveniently with the tap of your phone. This feature is available to use for online, in-store, and in-app purchases.

Instant Card Replacement

If your card is lost or stolen, you can get an immediate replacement by visiting a TD Bank branch. This will allow you to continue using your card without having to wait up to 10 business days for a replacement to arrive in the mail.

TD Business Solutions Credit Card Alternatives

Chase Ink Business CashSM

Ink Business Cash℠ Credit Card

Apply Now

On Chase's Secure Website

Fit Small Business Review
Rating 5 5
?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: Office-based businesses that want top cash back rewards

Intro APR ?0% APR for 12 months on purchases Regular APR Annual Fee Credit Needed
0% Intro APR on Purchases 13.24% - 19.24% Variable $0 Good - Excellent
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
  • 0% introductory APR for 12 months on purchases
  • Employee cards at no additional cost
  • No Annual Fee

Note: The information related to the ChaseInk Business Cash℠ Credit Card Card has been collected by fitsmallbusiness.com and has not been reviewed or provided by the issuer of this card.

Pros
  •  Top rewards for office supply spending
  • Introductory APR on purchases
  • Cash sign-up bonus
Cons
  • 0% APR doesn’t apply to balance transfers
  • High balance transfer fee of 5%
  • Designed mainly for office-oriented companies
  • Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
  • Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
  • Extended warranty protection: Extends the time period of the U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less.

U.S. Bank Business Cash Rewards World EliteTM MasterCard®

U.S. Bank Business Cash Rewards World Elite™ Mastercard®

Apply Now

On US Bank's Secure Website

See Rates and Fees

Fit Small Business Review
Rating 4 4
?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: 0% APR for 15 Billing Cycles

Intro APR ?0% APR for 15 billing cycles on purchases and balance transfers Regular APR Annual Fee Credit Needed
0%* 11.99% - 22.99% Variable $0* Excellent
  • Earn a new cardmember bonus of $500 after you spend $4,500 in eligible net purchases on your card within the first 150 days of account opening
  • 0% Intro APR on purchases for the first 15 billing cycles. After that variable APR currently 11.99% - 22.99%
  • 3% cash back on eligible gas station, office supply store and cell phone/service provider net purchases
  • 1% cash back on other eligible net purchases
  • No limit on total rewards and they never expire!
  • Plus, a 25% Annual Cash Rewards bonus, up to $250
  • No annual fee*
  • Net purchases are purchases minus credits and returns
Pros
  • A 0% APR period on purchases on balance transfers
  • 25% annual cash rewards bonus
Cons
  • Small introductory bonus offer
  • Balance transfer fee
  • MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
  • Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
  • Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.

Capital One® Spark® Cash for Business

Capital One® Spark® Cash for Business

Apply Now

on Capital One® Spark® Cash for Business's secure website.

Fit Small Business Review
Rating 4 4
?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: Earning unlimited 2% cash back

Intro APR Regular APR Annual Fee Credit Needed
N/A 20.99% (Variable) $0 intro for first year; $95 after that Excellent, Good
  • Introductory reward worth $500 after you spend $4,500 within the first three months
  • 2% cash back on every purchase
  • Issue employee cards for free
Pros
  • No limit to the amount of rewards you can earn
  • Lucrative welcome offer
Cons
  • Lacks a 0% APR offer
  • Annual fee is only waived for 12 months
  • Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
  • Purchase protection: Covers your new purchases for up to 90 days against damage or theft up to $10,000 per claim.

Bottom Line

The TD Business Solutions Credit Card is a great way to earn cash back rewards from everyday business expenses. This is also best for business owners who are looking for a card that offers a low ongoing APR. Visit our credit card marketplace to find other best business credit cards that may be better for you.

About the Author

Benilyn Formoso - Suralta

Benilyn Formoso-Suralta is a staff writer at Fit Small Business focusing on finance, accounting, and Small Business Loans. She brings with her 12 years of experience as a banking officer with the Bank of the Philippine Islands with expertise in consumer banking, real estate sales, and foreign exchanges.

@benilynformoso