Posted by William Charles on July 9, 2019
Credit Card Review

Published on July 9th, 2019 | by William Charles

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[Bonus Increase] TD Business Solutions Credit Card Review – $400 Sign Up Bonus & 3/2/1% Cashback Categories [CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA]

Update 7/9/19: Bonus increased to $400 with the same spend $3k spend requirement. Updated the image below.

Update 4/4/19: Bonus is $300 again, bonus on personal card now $200 as well. Hat tip to Sexy_kitten7

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 $400 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.

Just keep in mind TD reports business cards to your personal credit bureau. You can read more about TD Bank credit cards by clicking here.



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Frito Pendejo
Frito Pendejo

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.

JASON
JASON

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

Gerald
Gerald

If you don’t have a 5/24 problem, Ink Cash is better at 5X.

David
David

Does TD biz card report to personal credit bureaus?

Abey
Abey

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.

JASON
JASON

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.

Abey
Abey

Np. Still waiting.

Abey
Abey

Declined.
Too many inquiries last twelve months.

Bill
Bill

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.

Chris
Chris

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.

Anonymous
Anonymous

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.

Justin
Justin

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.

Jeremy
Jeremy

Will this card count as part of 5/24? I’m currently at 5/24 and dropping to 4/24 in 6 months…. don’t want to go up to 6/24 currently.

chong786
chong786

yes, TD bank reports biz card on personal credit report.

Jeremy
Jeremy

Hmm, think $300 is worth going from 5/24 to 6/24?

Racer
Racer

Does anyone know if TD bank credit cards bonuses are one in a lifetime or they can be done as Chase credit cards bonus?

chowfun
chowfun

banker said they pull a 3 bureaus, can anyone confirm?

chong786
chong786

IME , they only pull experian

Dee
Dee

William Charles I think a warning about reporting to personal credit would be useful in your article.

The data points above and at myfico indicate that TD Ameritrade reports business accounts to personal credit.

$400 is a decent bonus, so will still be worth it to many people. But the reporting to personal credit is certainly a substantial factor to consider.

Chuck

Added a note, thanks

Christine
Christine

My application is being processed and they will notify me in 7-10 days. Does that mean denial?

Brian
Brian

Same for me. I called 1-888-561-8861, they verified some information, and it was sent back down for review.

Christine
Christine

Just adding my DP. I got an email today that my card was approved.

Brian
Brian

Same here, took about a week after it went pending and I called for verification.

frogger
frogger

Did anyone get approved for this with a “business”

Christine
Christine

I did

Stephen
Stephen

Yes it was easy, they don’t verify anything, they called me once during pending to confirm it was me who applied and that’s it.

Harold
Harold

I got the message “Your TD Business Solutions Credit Card application is being processed. You’ll receive your application decision by mail in 7-10 days.” after applying and received an email three days later saying that I was approved. I did not get any phone calls as other people have described.

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