The Offer
The TD Bank Business Solutions Visa credit card has an increased signup bonus:
- Earn 5% Cash Back on all eligible purchases for 6 months or up to $10,000 in spend, up to $500 in Cash Back value.
- Plus, earn $250 Cash Back in the form of a statement credit when you spend $1,500 within the first 90 days after account opening.
Card Details
- Card earns 2% cashback on all purchases
- No annual fee
- Only available to those in the following states:Â CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA
Our Verdict
Previous bonus was $400 with $3,000 spend. The new bonus is $250 with $1,500 spend in the first 90 days and also 5% back on up to $10,000 spend in the first 6 months. If you spend just $1,500 within 90 days you’ll end up with $325 cashback ($250+$75), and if you max this out the 5% bonus with $10,000 spend you can end up with $750 total ($250+$500).
I wouldn’t quite call it a full $750 bonus since the 5% is broken down to 2% standard cashback and additional 3% bonus cahsback, but you will end up with $750 cashback on $10,000 spend which is a 7.5% rate of return. This might be interesting for big spenders.
It seems the card is a flat 2% card now, after having gone through various iterations in the past.
Keep in mind, last we know the bank DOES report business cards to your personal credit bureau. You can read more about TD Bank credit cards by clicking here. We’ll add this to our list of Best Current Business Credit Card Signup Bonuses.
Hat tip to terpdeterp
Looks like the offer already got worse. The $500 portion changed to 0% APR, so the bonus is now just $250.
@ Chuck: “This One-Time Bonus Offer is not available if you open an account in response to a different offer that you may receive from us or if you previously received a One-Time Bonus Offer on this Account or any other account with us.” I am not sure how to interpret this. So, if you ever received a personal checking account bonus from them, then you are disqualified for the signup bonus of this credit card?
The language can be found at https://www.td.com/us/en/personal-banking/credit-cards/business-solutions-credit-card
Here is an update: I called a moment ago and was informed that you will need to first have a business checking account before you apply for this business credit card. And you cannot take the sign up bonus of their business checking account and their business credit card as the same time due to the language above. I’m not sure if it is correct or not, but only to share what I received.
Can you pay off a TD credit card with a debit card?
No. At least not directly
They need to make more money so that they can pay the fines….!
from terms: “You further understand that this account will
be reported to consumer credit reporting agencies, but not to business credit reporting agencies.”
TD Bank coming in strong with offers.
Anyone knows whether this reports to the credit agencies?
Nope. However, an inquiry in Experian will be present.
Do you have the card? Last we reported, TD does report business card balances to the personal bureaus.
A friend got a card 6 months ago. Experian pulled, and since then Experian reporting the card on the report…