Did you know that, according to TORONTO News, Canadians love getting credit cards so they can enjoy perks such as cashback, as well as rewards for groceries and free flights? Additionally, TORONTO News said that, according to John Cabell, it’s smart to see what card options are out there.
If you’ve decided to learn more about credit card options available, you might be considering getting the TD Cash Back VISA Infinite Card.
However, if you don’t know much about this card, this can be a stressful decision to make since you won’t feel you’re informed enough to do so.
That’s why we’ve put together this article. In it, you’ll learn about the VISA Infinite Card benefits and more.
TD Cash Back Visa Infinite Card Annual Fee Waived
One of the benefits of this card is that the VISA Infinite Card annual fee is waived for the first year you have the card. After this, you’ll pay $120 annually. Considering that this is a cashback card, this means making cash back during the first year even if you spend only $120.
TD Cash Back Visa Infinite Card Benefits
There are several VISA Infinite Card benefits. These include a VISA Infinite Concierge who’s complimentary, the VISA Infinite Food and Wine Experiences, the VISA Infinite Luxury Hotel Collection, savings with car rental companies, and a specific type of car insurance.
With the VISA Infinite Concierge, you have 24/7 access to a concierge you can call so you can get the most out of using this cash bank credit card. Whether you’re shopping or travelling, this will make it easier for you to use your card most effectively.
Food and Wine Experiences
When you’re thinking about TD card options, this benefit might sway you toward getting the TD Cash Back VISA Infinite Card if you enjoy going out to dine. You’ll be able to experience some of the top restaurants in Canada.
An added bonus? You’ll also get premium benefits at wineries participating in the program in Ontario and British Columbia.
Luxury Hotel Collection
When you book your stay through the Visa Infinite Luxury Hotel Collection, you’ll get exclusive benefits. This collection of hotels includes 900 of some of the most interesting properties out there, so you’ll be sure to enjoy your time there.
Savings with Car Rental Companies
Another benefit that comes with this cash back credit card is savings with car rental companies. These companies include Budget Rent A Car and Avis Rent A Car. When you use your card, you can save 10% off the base rates that are the lowest in both the US and Canada. Additionally, in other international locations, you’ll get 5% off the base rates that are the lowest.
Note that you’ll get these discounts on car rentals that qualify at participating locations.
Auto Insurance for Rental Collision/Loss Damage
When you use this card to pay for the full cost of renting a car, you’ll get auto insurance coverage for rental collision/loss damage. This comes at no cost, so it can be a great way to save money and feel more secure financially when driving a rental car.
TD Cash Back Visa Infinite Card Auto Club
When it comes to TD card options to choose from, it helps to know about additional benefits available. One of these is the TD Auto Club membership. There are two components to this membership, the first being Emergency Road Services.
If you’re on the road, and the unexpected happens, you can get help from these services. All you have to do is call the number, which is toll-free and that you can call at any hour of the day.
TD sees this perk as so reliable that it comes with a guarantee. If you call and don’t get the help you need, they’ll reimburse you with any of the money you lost to deal with your car in an emergency.
The TD Auto Club also provides you with Trip-Planning Services, personalized just for you.
When you describe to these services what trip you’ll be going on, they’ll provide you with the scenic route you can take. They’ll also include any points of interest you might want to stop at during your drive.
TD Cash Back Visa Cardholder Agreement
There are many topics covered in the TD Cash Back VISA Cardholder agreement, such as Definitions, Using the Account, Unauthorized Transactions, Credit Limit and Overlimit, Minimum Payment, and more. We’ll review some of what’s covered in the agreement now.
Credit Limit and Overlimit
If you’re looking for the credit limit for this card when you receive it, you can find it on the Disclosure Statement. Keep in mind that the card issuer can change this limit at any time, and they can do so without letting you know in advance.
In terms of the Overlimit, you’ll be charged an Overlimit fee, it is charged only one time in a statement period.
On your Payment Due Date, or beforehand, you need to pay your Minimum Payment that shows up on your statement. You can pay more if you owe more, but this is the minimum amount required.
Usually, you’ll regularly receive Statements from the card issuer. This is a Statement that covers the activity that has occurred on your Account during the last month, and it will appear if there’s an activity in your account.
However, if there isn’t activity in your account for the past three months and your Balance is less than $10, you might receive a statement when that three-month period ends.
The card issuer will communicate with you by mail. However, if they receive your permission, they might also communicate with you electronically, for example, via email. If there’s an Additional Cardholder on your account, they might also receive communications.
Lost or Stolen Cards
If you suspect that your card is lost or stolen, you should let the card issuer know about this immediately. You can do this by phone, calling (416) 307-7722 collect or 1-800-983-8472 for free. You can also write to the card issuer to let them know.
Once you’ve informed the card issuer about this, they can prevent anyone from using that card as well as the Account number.
You have to make your payments before or on the Payment Due Date that’s shown on your card’s statement. If you make a payment at the branch, by mail, with the online banking service, or through an ATM, you should keep in mind that the payment might take several days to come through.
For this reason, you’re the one responsible for the payment. Make sure to pay your card before the due date to ensure there’s enough time to get it paid off by or on the Payment Due Date.
Note that if this payment is made during regular business hours, it will count as being made that day. However, if you do it after business hours, it will be counted as being paid the next day.
How Payments Are Applied
When you make a payment on your TD Cash Back VISA Infinite Card, the card issuer will first apply it to any interest that is on your statement. Next, they’ll apply it to any fees that are on your statement.
Third, they’ll apply it to any Transactions that are visible on your statement, which can include past due amounts or any amounts that exceed the Credit Limit.
Finally, they’ll apply the payment to other Transactions or fees that haven’t yet appeared on your statement.
TD Cash Back Visa Infinite Card Foreign Transaction Fee
When choosing the right credit card for you, it’s important to know what the card transaction fees are. And if you travel often, it’s important to know what the cart transactions fees are going to look like when you’re travelling. Your card’s foreign transaction fee will impact this.
In the case of the TD Cash Back VISA Infinite Card, the foreign transaction fee is 2.5%.
Now you’ve finished reading this review of the TD Cash Back Visa Infinite Card, you might be interested in getting this card. But you also might want more information about the different perks and benefits or want to learn about other similar cards.
We at Insurdinary can help. We’re experts when it comes to finances and credit cards. Additionally, we offer insurance. To learn more about the types of insurance we offer or about other cards, contact Insurdinary now.