No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
@Anonymous wrote:Hey All,
I've never received anything from this lender before. TD Bank. Earn $200 when you spend $500 in first 90 days. 2% on dining. 1% all purchases. No annual fee. Anyone have any TD bank credits cards? Is this a good card to have?
Edit:
To clarify, I received a mailer which is the first I've ever received from them.
1. It's not easy to get approved.
2. Most people think it's an ok card, nothing special. Many people get it for the $200 opening offer, then sockdrawer it.
@Anonymous wrote:
AJC, one month from Christmas, bonus definitely attractive, but you're right. Save the pull and all.
As others have said, good is subjective, you already had most of the info you appear to need:
1) The bonus: $200 for $500 spend is fine, but $200 for a card you probably will never use may not be worth the HP and new account
2) Reward structure is very meh: there are 2% everywhere cards which are clearly better than this (and LOTS of 1.5% everywhere cards)
So it's only if you really value things like high starting limit, ease of CLIs and APR reductions that you need input. And I don't think TD does anything special on any of these.
there are way better cards out there.
here's a list to look at:
Highly Recommended Cards:
the recommend cards are based on year round spending, not 3-6 months of the year
American Express Blue Cash Preferred = unlimited 3% on gas and department stores (6% on groceries capped at $6,000 yearly spending)
Penfed Platinum Cash Rewards = unlimited 5% on gas if plus, 3% non plus
Alternative Cards:
BankAmericard Cash Rewards = 3% on gas, 2% on groceries, 1% everything else
American Express Blue Cash Every Day Card = 3% Cash Back at U.S. supermarkets, up to $6,000 per year in purchases (then 1%); 2% cash back at U.S. gas stations; 2% Cash Back at select U.S. department stores; and 1% Cash Back on other purchases.
Everyday Spending:
these cards are good for not only gas but any other purchase aswell
Citi Double Cash Card = 2% on all purchases
Fidelity Rewards Visa Signature Card = 2% on all purchases
Chase Freedom Unlimited = 1.5% on all purchases
Wells Fargo Cash Wise Visa = 1.5% on all purchases
Capital One Quicksilver Cash Rewards Credit Card = 1.5% on all purchases
Barclaycard CashForward World MasterCard = 1.5% on all purchases
Wells Fargo Propel American Express Credit Card = 3x on gas, 2x at restaraunts, 1x everything else
Barclaycard Rewards MasterCard = 2X points on gas, utility and grocery store purchases (excluding Target and Walmart and 1X points on all other purchases.
For me a good card is a card that matches my spending pattern with their reward setructure and that I plan to keep long term. When I apply for a card I would lie if I would say I am not looking at the sign up bonus but even with a nice bonus I would not apply for a card that I know I am not going to keep for a while. So far I do not have any closed accounts on my report.
It's not a bad card. The bonus is pretty good but the benefits are lacking after the bonus. As far as the bank, TD is far from a bad bank. It's the second biggest bank in Canada and in the top 10 in America. TD stands for Toronto-Doninion bank. They're huge on the east coast where I'm from.