Update 10/28/24: New $750 cashback offer, details here. Card now earns a flat 2% everywhere.
Update 4/24/22: Bonus is back up to $400 again (ht reader Brian)
Update 7/25/21: Card bonus is down to $150 now. They’ve also revamped the card from a 3/2/1 card to being a straight 2% cashback everywhere card – you get 1% cashback and another 1% cashback when redeemed to a TD Bank deposit account. (Not sure if you can deposit it into a TD Bank consumer deposit account or only into a business deposit account to get the bonus 1%.); Update 10/19/19: Bonus is now $300 again; Update 7/9/19: Bonus increased to $400 with the same spend $3k spend requirement. Updated the image below; Update 4/4/19: Bonus is $300 again, bonus on personal card now $200 as well. Hat tip to Sexy_kitten7
Contents
Card Basics
TD offers the Business Solutions Visa credit card. In this review we will look to see if it’s worth signing up for this card or not.
- Sign up bonus of $400 after $3,000 in spend within 90 days of account opening
- No annual fee
- Card earns at the following rates:
- 3% cash back on phone, internet and cable services
- 2% cash back on dining and at gas stations
- 1% cash back on all other purchases
- 0% introductory APR for six months
- Only available to those in the following states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA
Our Verdict
Previously this card just offered 1% cash back on all purchases so the 3% and 2% categories are new. Given that you can earn 2%+ cash back on all purchases the 1%/2% categories on this card are useless (even more true when you consider that there are better options for restaurants & gas stations). 3% on phone/internet and cable services isn’t that attractive either given the other options. $300 is one of the better cash sign up bonuses though, but the $3,000 minimum spend requirement is quite high.
Just keep in mind TD reports business cards to your personal credit bureau. You can read more about TD Bank credit cards by clicking here.
i started an app and it asked if i was a us resident nothing about what state. if you include the 2%, the first $10,000 gets you $250 + $500 + $200 = $950. 6 months no fee. not bad, but if it reports to personal its dead to me.
its stated in the terms: “You further understand that this account will
be reported to consumer credit reporting agencies, but not to business credit reporting agencies”
Does anyone have a recent DP about whether this posts to personal credit report?
Product has improved again
Now a straight 2% (rather than 1% when you buy and 1% when you pay)
Now a combined $750 in signup bonus with $10k spend in the first 6 months
Down to 250.- statement credit after 1500.- spend in 90 days.
Can you get this bonus if you received a personal checking bonus from them earlier? I met the spending, statement already cut but bonus didn’t post.
It seems that you can only redeem the extra 1% into an account that has a fee. Lowest is a savings account with a $5 fee that’s waived with a $500 balance.
Didn’t see this discussed – this SUB is NOT churnable, at least per the terms: “This One-Time Bonus Offer is not available if … you previously received a One-Time Bonus Offer on this Account or any other account with us.”
You have missed to put the direct link on the page.
I had to really look for it on the page and found that “is down” hyperlinked.
Also it might be worth mentioning while they reduced the bonus to $150, the minimum spend is also reduced to $1k (from $3K)
It shouldn’t be named “business” if they are going to report it to the the personal CRA’s and not to the business ones.
Now back to $300. They must have hit their sign-up targets. Maybe the end of Q4 will get the increased offer back as the marketing team tries to collect their year-end stock bonuses.
I did the 300 about 3 months ago and asked them to match the 400. Wouldn’t budge 🙁