topic Re: TD Bank Client Rewards 1.5% Cash Back Card in Credit Cards

TD Ameritrade Introduces Client Rewards

Creditaddict — Mon, 08 Jun 2015 21:13:09 GMT

The only card that puts money into your TD Ameritrade account

Introducing the TD Ameritrade Client Rewards Card

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Credit card offers all seem the same. Some have rewards. Some have no annual fee. But none of them are as simple and straightforward as this one. With the TD Ameritrade Client Rewards Card, you earn 1.5% in rewards on all purchases, and a 10% bonus (1.65% in rewards) when you redeem your rewards for cash back into an eligible TD Ameritrade account. The more you use your card, the more you can earn.

Just falls short!

Re: TD Ameritrade Introduces Client Rewards

longtime_lurker — Mon, 08 Jun 2015 21:17:51 GMT

Seems like an awful lot of hoops for a card that falls short of the Citi DC

Re: TD Ameritrade Introduces Client Rewards

Creditaddict — Mon, 08 Jun 2015 21:18:49 GMT

@longtime_lurker wrote:
Seems like an awful lot of hoops for a card that falls short of the Citi DC

yup!

I wish fidelity would up the visa to match the amex then we could put 100% of our spending directly into our roth accounts!!

Re: TD Ameritrade Introduces Client Rewards

longtime_lurker — Mon, 08 Jun 2015 21:25:51 GMT

@Creditaddict wrote:
@longtime_lurker wrote:
Seems like an awful lot of hoops for a card that falls short of the Citi DC
yup!

I wish fidelity would up the visa to match the amex then we could put 100% of our spending directly into our roth accounts!!

I'm curious (and hoping) that AMEX's partnership with Charles Schwab produces a worthwhile card!

Re: TD Ameritrade Introduces Client Rewards

Creditaddict — Mon, 08 Jun 2015 21:26:38 GMT

@longtime_lurker wrote:
@Creditaddict wrote:
@longtime_lurker wrote:
Seems like an awful lot of hoops for a card that falls short of the Citi DC
yup!

I wish fidelity would up the visa to match the amex then we could put 100% of our spending directly into our roth accounts!!
I'm curious (and hoping) that AMEX's partnership with Charles Schwab produces a worthwhile card!

oooh, had not heard about that!

Re: TD Ameritrade Introduces Client Rewards

longtime_lurker — Mon, 08 Jun 2015 21:30:03 GMT

Yeah! Lots of speculation that it will be just like Fidelity AMEX - but I'm hoping they do just a little bit better. I would love to be able to keep my investments with CS, they have been nothing but good with me (checking, 401k, individual IRA - my roth is w/ Betterment right now as an experiment )

Re: TD Ameritrade Introduces Client Rewards

Anonymous — Mon, 08 Jun 2015 21:31:43 GMT

@longtime_lurker wrote:
Seems like an awful lot of hoops for a card that falls short of the Citi DC

Yes, not sure why there is a market for 1.5% cards. QS is really good at this level, and an extra ,15% isn;t very interesting when, as you say, there is DC (and Fid Amex and other near 2% cards like NASA)

Re: TD Ameritrade Introduces Client Rewards

longtime_lurker — Mon, 08 Jun 2015 21:50:15 GMT

@Anonymous wrote:
@longtime_lurker wrote:
Seems like an awful lot of hoops for a card that falls short of the Citi DC
Yes, not sure why there is a market for 1.5% cards. QS is really good at this level, and an extra ,15% isn;t very interesting when, as you say, there is DC (and Fid Amex and other near 2% cards like NASA)

Truthfully, I just think that people don't pay attention to things that pertain to CC's (or finances in general). I suspect that this card will be pushed heavily (and received well!) with their brokerage clients. For those of us here - always chasing the next greatest card - we don't understand the market. However, these banks are smart enough to realize that most people ARE NOT like us, and that they can get away with (practically) murder.

...the term "sheeple" is pretty fitting here, I think.

Re: TD Ameritrade Introduces Client Rewards

Anonymous — Mon, 08 Jun 2015 22:51:30 GMT

@longtime_lurker wrote:
@Anonymous wrote:
@longtime_lurker wrote:
Seems like an awful lot of hoops for a card that falls short of the Citi DC
Yes, not sure why there is a market for 1.5% cards. QS is really good at this level, and an extra ,15% isn;t very interesting when, as you say, there is DC (and Fid Amex and other near 2% cards like NASA)
Truthfully, I just think that people don't pay attention to things that pertain to CC's (or finances in general). I suspect that this card will be pushed heavily (and received well!) with their brokerage clients. For those of us here - always chasing the next greatest card - we don't understand the market. However, these banks are smart enough to realize that most people ARE NOT like us, and that they can get away with (practically) murder.

...the term "sheeple" is pretty fitting here, I think.

Right, but remember the evil genius watching, thinking "Ah, the sheeple who think they are not sheeple are getting excited about 5+% cards while I continue to make billions by ...."

TD Bank Client Rewards 1.5% Cash Back Card

Michael982 — Wed, 17 Jun 2015 19:59:31 GMT

Just got an offer in the mail for this card, havent seen it on here so I figured I would inform everyone. Website is http://www.tdbank.com/clientrewards/ but the signup website from the mail was http://www.tdbank.com/clientrewards100

Details

Spend $500 in 90 days and earn a $100 cash back bonus

1.5% in rewards no caps no limits

10% Bonus when you redeem to an Ameritrade account

$0 annual fee

For $10k annual spend get $150 cash back or $165 into an ameritrade account.

Offer ends 8/9/2015

I wonder who they pull?

Re: TD Bank Client Rewards 1.5% Cash Back Card

Anonymous — Wed, 17 Jun 2015 20:03:19 GMT

http://ficoforums.myfico.com/t5/Credit-Cards/TD-Ameritrade-Introduces-Client-Rewards/m-p/4061045#M1142567

Re: TD Bank Client Rewards 1.5% Cash Back Card

Anonymous — Thu, 18 Jun 2015 05:34:16 GMT

So at exactly 10k spend with a TD account it is basically a 3.3% cash back card with a $100 sign up bonus. Every dollar below or above 10k only gets 1.65%.

No AF but does have FTF and bad BT and CA fees. Pretty great if you have subcategory spend around $800 per month or so. APR 12-22% isn't super encouraging.

Re: TD Bank Client Rewards 1.5% Cash Back Card

Anonymous — Thu, 18 Jun 2015 15:02:48 GMT

your math is wrong. its just 1.65 plus 100$ bonus. there is no extra 150 or 65

@Anonymous wrote:
So at exactly 10k spend with a TD account it is basically a 3.3% cash back card with a $100 sign up bonus. Every dollar below or above 10k only gets 1.65%.

No AF but does have FTF and bad BT and CA fees. Pretty great if you have subcategory spend around $800 per month or so. APR 12-22% isn't super encouraging.

Re: TD Bank Client Rewards 1.5% Cash Back Card

Anonymous — Thu, 18 Jun 2015 17:20:40 GMT

@Anonymous wrote:
your math is wrong. its just 1.65 plus 100$ bonus. there is no extra 150 or 65

Oops, not math, just thought the 10k annual spend note was a bonus in addition to the 1.65% and $100 rather than a calculation. Not even really better than quicksilver then, at least not enough so to be worth an app.

Interesting offer, is this card new? TD Ameritrades Client rewards.

Imperfectfuture — Thu, 18 Jun 2015 22:06:02 GMT

Offers 1.5% cash back unlimited. 10% bonuse if redeemed to TD Ameritrade account, effective cash back, 16.5%. $100 bonus for 500 spend 90 days. No 0% intro, tiers, 12.99, 17.99 and 22.99. Interesting competition for quicksilver, if you have TD account. I am not interested in this now. Just putting it out there.

Re: Interesting offer, is this card new? TD Ameritrades Client rewards.

DaveInAZ — Thu, 18 Jun 2015 23:55:35 GMT

@Imperfectfuture wrote:
Offers 1.5% cash back unlimited. 10% bonuse if redeemed to TD Ameritrade account, effective cash back, 16.5%. $100 bonus for 500 spend 90 days. No 0% intro, tiers, 12.99, 17.99 and 22.99. Interesting competition for quicksilver, if you have TD account. I am not interested in this now. Just putting it out there.

Decimal point in the wrong place, effective cash w/10% bonus redeeming into an Ameritrade account is 1.65%. (16.5% reawrds and I'd be all over it ) Still pretty decent, and I do luv those $100 spend bonuses, that would be $110 redeemed to an Ameritrade account. I've actually had an Ameritrade account since the 90s, but very small now for several years. But I also had a Target Red card issued by TD Bank that I closed last Feb because of the toy store $200 CL, they told me if I closed it I could never get another account, not sure if they mean Target only or any card from TD Bank. I'll think about it.

EDIT: I tried credit pullls database to see what kind of score/criteria they approve, but no hits on either 'Ameritrade' or 'Client Rewards', so maybe this is a pretty recently introduced card? Also, here's some additional info from the Ameritrade page:

- If you open an account between June 1, 2015 and August 15, 2015, you are eligible to earn a one-time bonus offer of 10,000 Client Rewards bonus points if you spend $500 in total net purchasesusing your new TD Ameritrade Client Rewards Credit Card within 90 days of account opening date. The bonus points can then be redeemed for $100 cash back (or a variety of merchandise).

- This offer only applies to new TD Ameritrade Client Rewards Credit Card accounts opened between June 1, 2015 and August 15, 2015.

- For as long as the credit card account remains open and in good standing, points will not expire and there is no restriction to the number of points that may be earned.

The one thing I;m curious about is if you redeem points to an Ameritrade IRA account is it treated as a current year IRA contribution, like Fidelity Amex does. Guess I'll have to call to find that out.

Re: Interesting offer, is this card new? TD Ameritrades Client rewards.

Anonymous — Fri, 19 Jun 2015 00:37:44 GMT

I would be rude and mutter something like "How about using the search function" but I won't Just yesterday, someone posted this

http://ficoforums.myfico.com/t5/Credit-Cards/TD-Bank-Client-Rewards-1-5-Cash-Back-Card/td-p/4079224

which also includes a miscalculation of rewards, although not so dramatic as 16+%

and I that thread I (helpfully!) posted a link to an earlier thread. But hey, the more posts the better.

Re: Interesting offer, is this card new? TD Ameritrades Client rewards.

kdm31091 — Fri, 19 Jun 2015 00:40:49 GMT

Yes this was definitely just mentioned.

Re: Interesting offer, is this card new? TD Ameritrades Client rewards.

Imperfectfuture — Fri, 19 Jun 2015 20:10:08 GMT

@Anonymous wrote:
I would be rude and mutter something like "How about using the search function" but I won't Just yesterday, someone posted this

http://ficoforums.myfico.com/t5/Credit-Cards/TD-Bank-Client-Rewards-1-5-Cash-Back-Card/td-p/4079224

which also includes a miscalculation of rewards, although not so dramatic as 16+%

and I that thread I (helpfully!) posted a link to an earlier thread. But hey, the more posts the better.

Forgive me all, have minor broke foot, sleep not optimal (at all). 1.65% for the win.

Re: Interesting offer, is this card new? TD Ameritrades Client rewards.

takeshi74 — Sat, 20 Jun 2015 00:01:37 GMT

@Anonymous wrote:
I would be rude and mutter something like "How about using the search function" but I won't

If the search function doesn't seem to provide useful results (and it is poor to useless on some forum sites) then try a site restricted Google search. To search this site just add site:ficoforums.myfico.com to your keywords.

Sample relevant to this thread:

https://www.google.com/search?q=TD+Ameritrade+Client+Rewards+site%3Aficoforums.myfico.com&oq=TD+Ameritrade+Client+Rewards+site%3Aficoforums.myfico.com&aqs=chrome..69i57.8170j0j7&sourceid=chrome&es_sm=91&ie=UTF-8