Key benefits of TD Cash Secured card:
✅ Customizable credit limit: From $300 to $5,000, based on your secured deposit.
✅ Cashback program: 3% on selected categories, 2% on groceries, and 1% on all other purchases.
✅ Credit-building tool: Reports to major credit bureaus to help establish or rebuild credit.
✅ Secure and manageable: Backed by a savings account that ensures control over your finances.
✅ Path to upgrade: Eligible users can transition to an unsecured TD Bank credit card.
Why choose TD Cash Secured?
The TD Cash Secured card is a practical choice for those looking to build or rebuild their credit while earning cashback rewards. The card’s flexibility to select cashback categories every quarter ensures you maximize benefits where they matter most, whether for dining, travel, or grocery shopping.
What sets it apart is the security of a savings deposit, which aligns your credit limit with your financial comfort. Plus, the option to upgrade to an unsecured credit card gives long-term value, motivating you to maintain good financial habits.
When compared to similar options like the Discover it® Secured or Capital One Platinum Secured, the TD Cash Secured stands out for its personalized rewards structure. While others may limit cashback categories, TD Bank provides a tailored approach that adjusts to your lifestyle needs.
Author’s insights
Experts recognize the TD Cash Secured as a smart tool for building financial stability. Its cashback flexibility, paired with credit-building features, makes it a top contender in the secured card category.
However, its higher variable APR (27.49%) and $29 annual fee might not suit those unable to pay the balance in full each month. Additionally, the foreign transaction fee (3%) could be a drawback for frequent travelers. That said, the opportunity to upgrade to an unsecured card remains a compelling reason to consider this product.
Stay informed!
Discover how easy it is to start building your credit while enjoying flexible rewards. Click below to learn about rates, fees, and how to apply for the TD Cash Secured card.