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 Name | TD Ameritrade Client Rewards Card |
|---|---|
| Card Type | Visa |
| Annual Fee | $0 |
| APR (Annual Percentage Rate) for Purchases | 18.24%, 20.24% or 25.24% variable |
| Introductory Purchase APR | N/A |
| Balance Transfer APR | 15.24%, 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 Rate | 27.49% variable |
| Foreign Transaction Fee | None |
| Cash Advance Fee | $10 or 5% of the cash advance amount, whichever is greater |
| Interest Free Period | Up to 25 days |
| Late Payment Fee | Up to $37 |
| Returned Payment Fee | Up to $37 |
| Minimum Age | 18 years of age |
|---|
| Welcome Offer | 10,000 points after spending $500 in the first 90 days |
|---|---|
| Rewards | Unlimited 1.5x points on all purchases |
| Base Rewards | 1.5x 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.
- Flat rewards rate.
- Signup bonus.
You’ll earn 10,000 bonus points if you spend $500 within the first 90 days of opening the account.
- Signup bonus.
- 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.
- Redemption bonus.
- 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.
- No point cap.
- Points don’t expire.
So long as your account is open, your points remain active.
- Points don’t expire.
- Visa Zero Liability.
You’ll receive Visa security on purchases and protections against unauthorized charges.
- Visa Zero Liability.
- 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.
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 reward value.
- 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.
- Average variable APR.
- High APR on cash advances.
TD attaches a sizable 27.49% variable APR on any cash advances you take out.
- High APR on cash advances.
- 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.
- Poor reward flexibility.
- 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
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
