Posted by William Charles on November 15, 2017
Credit Card Review

Published on November 15th, 2017 | by William Charles

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TD Business Solutions Credit Card Review – $300 Sign Up Bonus & 3/2/1% Cashback Categories CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA

Reposting because bonus has been increased to $300 from $200. Bonus has also been increased on the personal card to $200. Hat tip to Skippy.

TD offers the Business Solutions Visa credit card. In this review we will look to see if it’s worth signing up for this card or not.

Card Basics

  • Sign up bonus of $300 after $3,000 in spend within 90 days of account opening
  • No annual fee
  • Card earns at the following rates:
    • 3% cash back on phone, internet and cable services
    • 2% cash back on dining and at gas stations
    • 1% cash back on all other purchases
  • 0% introductory APR for six months
  • Only available to those in the following states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA

 

Our Verdict

Previously this card just offered 1% cash back on all purchases so the 3% and 2% categories are new. Given that you can earn 2%+ cash back on all purchases the 1%/2% categories on this card are useless (even more true when you consider that there are better options for restaurants & gas stations). 3% on phone/internet and cable services isn’t that attractive either given the other options. $300 is one of the better cash sign up bonuses though, but the $3,000 minimum spend requirement is quite high. You can read more about TD Bank credit cards by clicking here.



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Any data on applying with a “business”? I have had good luck with Chase and Amex. I didn’t realize TD was regional, they’re everywhere near me.

Saw this in the local branch near my place a few weeks ago already, was thinking about might be helpful for 3% on phone bill

Does TD biz card report to personal credit bureaus?

I applied for this Card a week ago
It pulled Experian and went to pending, still waiting.

P.s. Experian has a beautiful nice free app (simeller to credit karma) and an optional monthly subscribtion if you wanna see your actual score and for certain security feauters. Otherwise its all free from a detailed credit report to inquires and acounts and so on.
Remember credit karma shows your Trans union and Equifex but not Experian. (I never knew i have 41 inquires on Experian since i only have 8 and 6 with TU and EQ)
Anyway Its a stunning free app and when i applied for the above TD card i got A min later an alert that my credit report was pulled by a lender and so on.

Hello, Abey, so that being said, you have 41 inquiries in Experian in the past 2 years? Please let us know whether your application is approved. If so I’ll apply for this business credit card as well.

Np. Still waiting.

Declined.
Too many inquiries last twelve months.

The Experian service notified me when a TD CSR said they were checking to see if I was preapproved. An email notification while standing at the counter told me that it was an application, not a check for preapproval.

I probably should’ve applied for the business card right there and then.

As this has no annual fee and no foreign transaction fee is a good choice

The Value Traveler
The Value Traveler

This card is also available if you have TD Direct brokerage account. Just indicate you want to apply for this product when you call, and they will take your application via the phone.

I disagree about the 1% and 2% being useless. Bear in mind that this is a business card. In the business card arena, getting more than 1% cash back is not so easy at all.

One major negative about this card is that, like Capital One, it reports to personal credit reports.

Another negative is that, unlike Chase and other banks, TD Bank’s credit card entity is totally separate from the regular business banking, so it doesn’t just pop up on the same site with, and doesn’t have the functionality to easily interact with your business deposit accounts.

Doc, this now offers 0% intro APR for 6 months in addition to the $300. HOWEVER, TD reports biz cards to personal credit report so doesn’t really add much value, sadly.

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