Last updated on September 6th, 2023
TD Bank has launched two new low-rate credit cards – including one with no interest at all! The bank launched its TD FlexPay and TD Clear Visa Platinum credit cards, adding two new credit card types as well as improvements to existing customer favorites, building on TD’s growing momentum in the credit card space.
TD Bank Launches Two New Credit Cards
TD Bank is one of several credit card issuers looking to update its tired credit card portfolio. The process began a few years back with the TD Double Up Card, an unlimited cash back card in line with leading offers from other issuers – most notably the Citi® Double Cash Card – thanks to its unlimited 2% cash back on all purchases, with 1% back when you buy – and 1% back after you pay off your purchase.
The bank then updated another cash back credit card, the TD Cash Credit Card. That card earns 5% back on gas station purchases (for six months from the account opening date or up to $6,000 in spend), 3% back on dining, 2% back on groceries, and 1% back on all other purchases. That generous spending gas bonus and reward categories made the card a formidable competitor to other lucrative rewards cards – namely the Costco Anywhere Visa® Card (one of the best gas cards on the market) and the Capital One SavorOne Card, a great no annual fee dining rewards card.
And now, TD Bank is bolstering its credit ranks further with the launch of two new low-rate credit cards. “America’s Most Convenient Bank” has added TD FlexPay and TD Clear Visa Platinum credit cards to its portfolio.
TD Clear: A Game-Changer Credit Card?
The launch introduces TD Clear – a first of its kind in the U.S. market. TD Clear Visa Platinum is a subscription-based credit card with no APR—just a straightforward monthly fee. That means no foreign transaction fees, no annual fees, no cash advance fees, no over-the-limit fees, no returned payment fees, and no APR or interest charges.
What makes Clear unique is that TD Bank customers can select from two products with differing credit limits and minimum payments:
|Predictable monthly payments||$45||$70|
Each product comes with a different credit limit and, as such, a different monthly service fee. The second difference, the “predictable minimum payment,” is based on the amount of the credit limit you use on purchases – but includes the monthly subscription fee, a great relief.
The other new addition to the TD Bank credit card lineup is the TD FlexPay Visa Platinum. The card is TD’s most flexible credit card, with increased payment flexibility and generous balance transfer offers. FlexPay cardmembers enjoy 0% intro APR for the first 18 billing cycles after account opening on balance transfers – on par with Citi’s Double Cash and Chase Slate Edge.
The FlexPay card also provides a unique perk -Skip a Payment. The Skip a Payment feature allows FlexPay cardmembers to skip a payment once a year while providing late fee forgiveness on the first late payment every twelve months.
TD Bank Continuing to Bolster Its Credit Card Ranks
The latest launch represents TD Bank’s most significant investment to date in the credit card space, creating new card offerings and improving existing products. It comes on the heels of substantial investments in TD’s credit card servicing and digital experience. This expanded credit card portfolio represents a full range of options for customers to determine the best fit for them.
In addition to the attractive rewards, each credit card provides a suite of benefits for cardholders in partnership with Visa. TD Clear, TD FlexPay, TD Double Up, and TD Cash all include cell phone protection for cardholders who use the card to pay their cellular bill and perks, including the following:
|Zero Fraud Liability||Cardholder Inquiry Services||Emergency Card Replacement|
|Roadside Dispatch and Auto Collision Damage Waiver||Lost/Stolen Card Reporting||ID Navigator from Norton|
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