The TD Cash Back Visa Infinite is a solid cashback card for TD banking customers who want everything in one place, but it’s objectively outperformed by the Scotiabank Momentum Visa Infinite on pure cashback value. At 3% on groceries, gas, and recurring bills versus Scotiabank’s 4% on those same categories plus dining, and $139/year versus $120, the TD card earns less and costs more. Where the TD card wins is convenience: if you already bank with TD, having your cashback card integrated with EasyWeb and your other TD products has real value. The welcome bonus (often 10% on your first $2,000) also makes the first year attractive.
Card at a Glance
| Feature | Details |
|---|---|
| Card name | TD Cash Back Visa Infinite |
| Annual fee | $139 |
| Minimum income | $60,000 personal / $100,000 household |
| Network | Visa Infinite |
| Rewards type | Cash back |
| Welcome bonus | ~10% on first $2,000 spend (confirm current offer at td.com) |
| Insurance | Purchase protection, auto rental, travel medical |
Card terms confirmed as of August 2026. The annual fee and income requirements are set by TD and rarely change, but should be verified on TD’s credit cards page before applying. The welcome bonus is promotional and changes often — always confirm the current offer directly with TD.
Cash Back Rates
| Category | Rate |
|---|---|
| Groceries | 3% |
| Gas | 3% |
| Recurring bills | 3% |
| Everything else | 0.5% |
Annual Cash Back Estimate
| Monthly Spend | Category | Annual Cash Back |
|---|---|---|
| $600 groceries | 3% | $216 |
| $200 gas | 3% | $72 |
| $200 recurring bills | 3% | $72 |
| $800 other | 0.5% | $48 |
| Total | $408 |
Net return after $139 fee: $269/year.
TD Cash Back vs Alternatives
The comparison table below tells the story clearly: the Scotiabank Momentum beats the TD card in every earning category. Groceries: 4% vs 3%. Gas: 4% vs 3%. Dining: 4% vs 1%. General spending: 1% vs 0.5%. The TD Cash Back’s 0.5% general rate is particularly weak — you’re earning essentially nothing on everyday purchases outside the bonus categories. If you’re not committed to TD banking, the Scotiabank card is the better choice. If you are a TD customer, ask about bundle discounts that may waive or reduce the annual fee.
| Feature | TD Cash Back VI | Scotia Momentum VI | CIBC Dividend VI |
|---|---|---|---|
| Annual fee | $139 | $120 | $139 |
| Grocery | 3% | 4% | 4% (capped) |
| Gas | 3% | 4% | — |
| Dining | 1% | 4% | 2% |
| General | 0.5% | 1% | 1% |
| Best for | TD loyalists | Best overall | CIBC clients |
Who Should Get This Card
| Profile | Recommendation |
|---|---|
| TD bank customer who wants simplicity | Yes — banking integration is a genuine convenience |
| Maximizing cash back return | No — Scotiabank Momentum earns more across every category |
| High-spender on groceries and gas | Maybe — but the 3% cap vs 4% at Scotiabank adds up |
| Low annual spending under $15K | No — a no-fee card like the Tangerine Mastercard earns more net |
| New to credit cards | No — the $60K income requirement is high; start with a no-fee card |
Insurance Coverage
The TD Cash Back Visa Infinite includes solid Visa Infinite-level insurance:
| Insurance | Coverage |
|---|---|
| Purchase protection | 90 days coverage for theft or damage on items bought with the card |
| Extended warranty | Doubles manufacturer’s warranty by up to 1 additional year |
| Auto rental collision/loss damage | Coverage when you decline the rental company’s CDW and pay with the card |
| Travel medical insurance | Up to 21 days per trip (under age 65) |
| Trip cancellation | Up to $1,500 per person |
| Trip interruption | Up to $3,000 per person |
| Common carrier accident | Up to $500,000 |
| Baggage delay | Up to $500 |
The auto rental coverage alone can save $15–$30/day when renting a car. The 21-day travel medical insurance is standard for Visa Infinite cards and sufficient for short vacations, though you should supplement it for longer trips or if you have pre-existing conditions.
Pros and Cons
| Pros | Cons |
|---|---|
| 3% on three common categories (groceries, gas, recurring bills) | 0.5% general rate is among the worst in this tier |
| Automatic annual statement credit — no manual redemption | $139 fee is $19 more than Scotiabank Momentum’s $120 |
| Strong welcome bonus (~10% on first $2,000) | 3% earning rate trails Scotiabank’s 4% |
| Full Visa Infinite insurance suite | No dining bonus category (only 0.5%) |
| Seamless integration with TD EasyWeb banking | Cash back paid only once per year (some cards pay monthly) |
| TD’s large branch and ATM network | No no-fee downgrade option within the TD Cash Back lineup |
The Bottom Line
The TD Cash Back Visa Infinite is a decent cashback card for TD loyalists, but the Scotiabank Momentum Visa Infinite earns more across every category at a lower annual fee. Get this card if you value TD banking integration and the welcome bonus is strong; otherwise, the Scotiabank Momentum or a no-fee card like Rogers World Elite delivers more value.