Strong rewards earnings but limited redemption options from this niche card.
30-second take
- 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.
| Product Name | TD First Class℠ Visa Signature® Credit Card |
|---|---|
| Card Type | Visa |
| Annual Fee | $0 annual fee for the first year ($89 thereafter) |
| APR (Annual Percentage Rate) for Purchases | 15.49% variable |
| Introductory Purchase APR | N/A |
| Balance Transfer APR | 15.49% variable |
| Introductory Balance Transfer APR | 0% for the first 12 months (then 15.49% variable) |
| 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 3% 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 | 25,000 miles after spending $3,000 in the first 6 billing cycles |
|---|---|
| Rewards | 3x miles on travel and dining purchases and 1x miles on all other purchases |
| Base Rewards | 1x miles |
The basics
The TD First Class℠ Visa Signature® Credit Card has a generous earning rate on travel and dining purchases.
Your 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.
The perks
- 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. - Low APR.
Your purchase APR starts at a variable 15.49%. - Signup bonus.
Earn 25,000 bonus miles when you spend $3,000 on purchases within your first 6 billing cycles. - Intro annual fee.
The annual fee is waived for your first year. After that, you’ll pay $89 annually.
You’ll also like
- Visa Zero Liability.
You’ll automatically have Visa security on purchases and protection against unauthorized charges. - No foreign transaction fees.
You won’t pay additional fees on purchases made abroad. - Miles don’t expire.
Your miles won’t expire so long as your account stays open and in good standing.
What to watch out for
- Poor 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. - Minimum required miles for redemption.
You’ll need at least 2,500 miles to make a redemption. - No mile transfer options.
You can only redeem First Class miles as statements on eligible purchases. - Balance transfer fees.
You’ll pay $5 or 3% of the balance transfer, whichever is greater. - No online redemption options.
You’ll need to call TD directly to redeem your miles since redemptions are handled as statements. - Few perks.
Unless you’re approved for the Visa Signature version of this card, you won’t have much in the way of card perks such as concierge or travel insurance.
Compare similar travel credit cards
Bottom line
The TD First Class℠ Visa Signature® Credit Card is a fine choice with solid rewards for those who like to dine out often. With mile rates topping out around 1 cent apiece, however, there are much more lucrative flexible reward credit cards out there for those pushing for value on their card.
Compare your reward credit card options to find one that offers the most value for your purchasing habits.
Frequently asked questions
Images: td.com
