We’ve written before about the TD 5% cashback credit cards. It comes with a signup bonus of either $100 or $200.
The bigger interest in the card is due to the fact that it offers 5% cashback on gas and groceries which should make it a great card to manufacture spend with. And they recently started allowing applications even from those who don’t have a checking account with them, making the card even more palatable.
The latest news:Â As of June 1, 2015 the TD 5% cards now have a limitation of a max $75 Bonus cashback per billing period ($1,500 in spend) and a max of $450 Bonus cashback over the entire 6-month time-period.Â
Yes, that means they just officially killed the card for the purposes of manufacturing spend, athough it was really already dead before as we’ve previously discussed.
The PDF Terms are clear that 1% non-category spend can be earned unlimited and the limit is only with regards to the category spend.
I’m not entirely certain if the new Terms apply to existing cardholders. Typically, they send out a mailing indicating new terms.
This leaves Wells Fargo as the only unlimited 5% card left.
The main reason now to get the TD credit card would be due to the $200 signup bonus which comes occasionally (it’s up now). $200 isn’t terrible for a cash signup bonus and you’ll get a little more value from the bonus categories. We analyzed the value more here.
