Yesterday TD Bank launched the TD Ameritrade credit card. I had high hopes for this card given that TD Bank has offered bonuses of up to $200 and 5% categories in the past. Unfortunately those hopes have not been met, this card is incredibly underwhelming. Let’s have a look at the main marketing points:
- $100 cash bonus when you spend $500 or more within three months
- 1.5% cash back on all purchases
- 10% bonus on all cash back earned if you redeem into a TD Ameritrade account. This means you could earn a maximum of 1.65% cash back
- No annual fee
- Visa signature
I can’t see any compelling reasons to sign up for this card, there are cards with much higher cash sign up bonuses and plenty of cards that earn at 2% cash back or higher. Even the Discover it card earns 2% cash back on all purchases for the next twelve months and a $100 sign up bonus and 10% rotating categories.
Hopefully TD Bank decide to up the ante at some stage and at least offer a sign up bonus of $200.
