TD Emerald Flex Rate Visa Card Review

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Save money with a low variable annual interest rate based on your credit score.

The TD Emerald Flex Rate Visa is a no-rewards card that allows you to pay low interest rates on outstanding balances and cash advances.

TD Prime¹ + 4.5% up to TD Prime + 12.75%

Purchase Interest Rate


Annual Fee

Please note: All information about TD Emerald Flex Rate Visa Card has been collected independently by Finder and this card is not available through this site.

30-second take

  • Get this card if you have a good credit score and want a low interest rate on eligible purchases.
  • Choose something else if you’d rather get rewards or want more benefits.
  • This card does not have minimum annual income requirements.

The basics

If you have a decent credit score and you want to get a low interest rate on your purchases, then this card could be a good fit for you. It comes with a low annual fee of $25 and optional travel benefits. Save on interest charges with a preferred low variable annual interest rate.

Interest rates will vary based on your credit score and can fall anywhere between 8.45% and 16.7%. TD uses its own prime rate (2.450% as of March 30, 2020) to figure out the rate you’ll receive. The equation it uses to do that will be TD Prime¹ + 4.5% up to TD Prime + 12.75%.

The perks

  • Product coverage. Get extended warranty and purchase protection for products you buy with your card.
  • Car rental discounts. Up to 10% rental discount at participating Avis and Budget locations in Canada and the US and 5% discount overseas.
  • Contactless payments. Simply tap for quick payments on the go with Apple Pay or Visa payWave (for Android).
  • Online security. Use Verified by Visa to protect your purchases when you shop online.
  • Zero-liability coverage. Rest easy knowing you won’t have to pay for fraudulent activity on your account (and get fraud alerts to stay up to date on questionable transactions).
  • Easy to qualify. You can apply easily with no annual income requirements.

What to watch out for

  • Annual fee. Pay $25 per year to keep your account in good standing.
  • No rewards or cash back. The low interest rate replaces a rewards or cash back return as the main incentive.
  • Pay for extras. You’ll have to pay extra to add on benefits like travel medical insurance and trip cancellation and interruption incurance.
  • Based on credit score. If you have a poor credit score, you’ll face a higher interest rate.

What should I know before you apply?

Bottom line

The TD Emerald Flex Rate Visa Card is a no-frills card that will give you a low interest rate based on your credit score. It costs $25 per year and comes with optional benefits like travel insurance and roadside assistance (which you can add on for a fee).

Frequently asked questions about the TD Emerald Flex Rate Visa Card

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