TD Ameritrade Client Rewards Card review | Finder.com

TD Ameritrade Client Rewards Card review

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TD Ameritrade Client Rewards Card

A straightforward cashback card with added value for brokerage clients.

30-second take

  • Get this card if: You’re looking for a flat cashback card and you’re a TD Ameritrade brokerage client.
  • Pick something else if: You want more varied or specific reward rates.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameTD Ameritrade Client Rewards Card
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases18.24%, 20.24% or 25.24% variable
Introductory Purchase APR

N/A

Balance Transfer APR15.24%, 20.24% or 25.24% variable
Introductory Balance Transfer APR

N/A

Balance Transfer Fee$5 or 3% of the transaction, whichever is greater
Cash Advance Rate27.49% variable
Foreign Transaction FeeNone
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $37
Returned Payment FeeUp to $37
Minimum Age18 years of age
Welcome Offer10,000 points after spending $500 in the first 90 days
RewardsUnlimited 1.5x points on all purchases
Base Rewards1.5x points

The basics

The TD Ameritrade Client Rewards Card is a cashback rewards card designed with Ameritrade brokerage clients in mind.

While your earnings are flat across all spending categories, its signup bonus and no annual fee make this a solid rewards card.

The perks

    • Flat rewards rate.
      You’ll earn a flat 1.5% rewards on all eligible purchases using your card.
    • Signup bonus.
      You’ll earn 10,000 bonus points if you spend $500 within the first 90 days of opening the account.
    • Redemption bonus.
      Ameritrade clients receive an additional 10% value on their points when they redeem them into their Ameritrade accounts. That means brokerage clients choosing to put 50,000 points into their account will receive the equivalent of 55,000 points instead.
  • No annual fee.
    This card features no annual fee for cardholders.

You’ll also like…

    • No point cap.
      You can earn as many points as you like without worrying about a cap.
    • Points don’t expire.
      So long as your account is open, your points remain active.
    • Visa Zero Liability.
      You’ll receive Visa security on purchases and protections against unauthorized charges.
  • Visa Signature perks.
    If you qualify for a Visa Signature card, you’ll have access to several perks available through the program, including Visa Concierge and car rental insurance.

Compare TD Bank credit cards

What to watch out for

    • Average reward value.
      If you’re not redeeming your points into your Ameritrade account, your reward points are worth about 1 cent per point when redeeming for travel, gift cards or cash back.
    • Average variable APR.
      You could end up with a variable APR on purchases and balance transfers of 18.24%, 20.24% or 25.24% depending on your creditworthiness. This is a bit higher than the starting APRs for some of TD’s other credit cards.
    • High APR on cash advances.
      TD attaches a sizable 27.49% variable APR on any cash advances you take out.
    • Poor reward flexibility.
      You can only redeem your points as a statement by calling TD directly. You also can’t transfer your points to other rewards programs.
  • Modest perks.
    If you don’t qualify for a Visa Signature version of the card, your card perks are limited to a few simple card protections and the ability to add your card to your digital wallet.

Compare similar cashback cards

Name Product Welcome Offer Rewards Annual Fee
Earn $150 cash back after spending $500 on purchases in the first 3 months from account opening
Earn 1.5% unlimited cash back for each dollar spent
$0
0% intro APR for 15 months from account opening on purchases and balance transfers.
$150 cash back after spending $500 on purchases in the first 3 months
5% cash back in quarterly rotating categories on up to $1,500 in combined purchases for each quarter you activate, then 1% after that and on all other purchases
$0
0% intro APR for 15 months from account opening on purchases and balance transfers.
$200 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
Earn 6% cash back at US supermarkets on up to $6,000 per year in purchases and 1% after that. Earn 3% cash back at US gas stations and select US department stores and 1% on all other purchases
$95
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
Earn 3% at US supermarkets on up to $6,000 per year, then 1%. Earn 2% at US gas stations and US department stores. Earn 1% on all other purchases
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$150 after spending $1,000 in the first 3 months
Earn unlimited 1.5% cash back on your purchases
$0
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & Fees

Compare up to 4 providers

Bottom line

Ameritrade clients looking for a way to grow their account with their everyday spending will find a solid, low-risk choice in the TD Ameritrade Client Rewards Card. With no annual fee to worry about, it works great as a “fire and forget” way to earn rewards for your account.

If you’re looking for a rewards card with more sizable potential earnings or more ways to redeem your points at value, compare rewards card options to find a card that fits your spending habits.

Frequently asked questions

Images: td.com

Steven Dashiell

Steven Dashiell is an ambling millennial miscreant who also happens to love helping people make the best decisions possible. When not writing, he enjoys creating art, exploring nature and chasing his next big interest.

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