Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

TD First Class℠ Visa Signature® Credit Card review

Last updated:  

Strong rewards earnings but limited redemption options.

finder.com’s rating: 3.5 / 5

★★★★★

  • Get this card if: You frequently dine out and enjoy occasional travel
  • Pick something else if: You want a card with stronger redemption values
  • Apply if: You have an excellent credit score of 740 or higher.

25,000

Miles as welcome offer

Up to 3x

Miles

$0

Annual fee

for the first year ($89 thereafter)

13.24%

Purchase APR (variable)

Details

Product NameTD First Class℠ Visa Signature® Credit Card
Card typeVisa
Annual fee$0 intro annual fee for the first year ($89 thereafter)
Purchase APR13.24% variable
Balance transfer APR0% intro for the first 12 billing cycles (then 13.24% variable)
Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate25.24% variable
Cash advance fee$10 or 3% of the cash advance amount, whichever is greater
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $37
Returned payment feeUp to $37

Expert review

Steven Dashiell

Review by


Steven Dashiell is a credit cards writer at Finder. He's worked on 250 Finder articles and counting, helping readers embrace and maximize credit cards. Backed by nearly a decade of research and reporting experience, Steve's work can be seen on Debt.com, CreditCards.com and Lifehacker.

Expert review

The TD First Class℠ Visa Signature® Credit Card is a seemingly modest rewards card, though it has plenty to love. It offers a strong earning rate of 3x miles on travel and dining purchases, and 1x miles on everything else. You’ll also enjoy a 25,000 mile signup bonus, an introductory $0 annual fee reverting to $89 and a low variable APR of 13.24%.

The TD First Class℠ Visa Signature® Credit Card‘s low APR is notable – it’s rather generous for a rewards card. This makes this card a favorable choice if you need to occasionally carry a balance.

Your reward redemption options are a bit limited, however. Other cards, such as the Bank of America® Travel Rewards Credit Card, offer stronger flexibility with a similar — or no — annual fee. However, the TD First Class℠ Visa Signature® Credit Card‘s low annual fee in combination with solid reward earnings elevate this card to one of our Best of 2020 picks for credit cards.

Best of 2020
Finder experts pick TD First Class℠ Visa Signature® Credit Card as a 2020 best product for credit cards.

How to apply for the TD First Class℠ Visa Signature® Credit Card

Applying for the TD First Class℠ Visa Signature® Credit Card is straightforward:

  1. Go to the TD website and select the TD First Class℠ Visa Signature® Credit Card from the credit cards section of the site.
  2. Scroll down and select Apply now to start the application process.
  3. Fill out your personal information and click next to continue through the application.

You’ll need to provide several pieces of information, including:

  • Name
  • Legal address
  • Date of birth
  • Social Security number or Tax ID number

What credit score do I need?

When applying for the TD First Class℠ Visa Signature® Credit Card, you’ll want an excellent credit score of 740 or higher for consideration.

Card benefits

  • Strong rewards rate.
    You’ll earn 3x First Class miles on flights, hotels, car rentals, cruises and dining, and 1x miles on all other purchases.
  • Signup bonus.
    Earn 25,000 bonus miles when you spend $3,000 on purchases within your first 6 billing cycles.
  • Low APR.
    Your purchase APR starts at a variable 13.24%.
  • Intro annual fee.
    The annual fee is waived for your first year. After that, you’ll pay $89 annually.
  • No foreign transaction fees.
    You won’t have to pay a fee when you make purchases overseas.

What to watch out for

  • Average redemption value.
    According to the card’s terms and conditions at the time of writing, you can expect about 1 cent per mile when redeeming points for travel, but you’ll get less returns on items such as gift cards or merchandise. You also don’t have opportunities to transfer your points to other loyalty programs for more value.
  • Balance transfer fees.
    You’ll pay $5 or 3% of the balance transfer, whichever is greater.

Compare travel credit cards

There are numerous travel credit cards to choose from, each with their own strengths and weaknesses.

Name Product Welcome offer Rewards Annual fee Filter values
American Express® Gold Card
60,000 points after spending $4,000 in the first 3 months
3x points on directly-booked flights; 4x at restaurants; 4x at US supermarkets on up to $25,000 annually (then 1x points)
$250
Earn up to 4x points on select purchases, a bevy of travel perks, and a welcome offer worth up to $600 with this upper-mid tier travel card. Rates & fees
Chase Sapphire Preferred® Card
60,000 points after spending $4,000 in the first 3 months, a value of up to $750 through Chase Ultimate Rewards
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
$95
Earn a signup bonus worth $750 with this popular travel card. Combine with other Chase Ultimate Rewards cards for even greater value.
The Platinum Card® from American Express
100,000 points after spending $5,000 in your first 6 months, plus 10x points at US gas stations and US supermarkets on up to $15,000 in combined purchases in the same timeframe
10x points at US gas stations and US supermarkets on up to $15,000 combined in the first 6 months, 15x points on directly-booked flights or on flights and hotels on Amex Travel. 1x points on all other purchases. Starting January 1, 2021, your 15x points on flights will be capped on up to $500,000 annually (then 1x points).
$550
One of the most valuable premium travel cards, featuring two welcome offers worth up to $4,500, multiple travel credits and unrivaled lounge access. Rates & fees
Chase Sapphire Reserve®
50,000 points after spending $4,000 in the first 3 months
10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
$550
Get a generous $300 in annual travel credits, 3x points on travel and dining, and a 50% bonus on point redemptions with Chase's premier card.
Marriott Bonvoy Brilliant™ American Express® Card
100,000 points after spending $5,000 in the first 3 months, plus earn 25,000 after the first anniversary of card membership (offer expires 1/13/2021)
6x points at Marriott Bonvoy hotels, 3x at US restaurants and on flights booked directly with airlines and 2x for all other purchases
$450
Earn 100,000 bonus points when you spend $5,000 or more within your first 3 months, plus earn 25,000 after the first anniversary of card membership (offer expires 1/13/2021). Rates & fees
loading

Compare up to 4 providers

Bottom line

The TD First Class℠ Visa Signature® Credit Card is a great choice for those who want to earn rewards on dining and travel purchases, but want a low-risk APR to go with it. With mile rates topping out around 1 cent apiece, however, there are more lucrative flexible reward credit cards out there for those pushing for value on their card.

Looking for greater value? Compare rewards credit cards to find one that offers the most value for your purchasing habits.

Frequently asked questions

Images: td.com

Credit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our team evaluates credit cards to determine their value against similar cards on the market.

We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Learn the details of our methodology and scoring.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site