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TD Business Solutions Card Review

Dayana Yochim

Written by Dayana Yochim
Edited by Carolyn Kimball
Fact-checked by Andrea Coombes

December 22, 2023

Why trust us? Investor.com has no financial relationship with any of the credit card providers whose products we analyze and review. Our opinions are based solely on data and our own extensive independent research — that means unbiased guidance for consumers. Rewards cards in our cashback credit card calculator are listed in descending order according to how much money they pay out annually based on the inputs.

A recent glow-up turned the TD Business Solutions Credit Card into a 2% unlimited cashback card. (TL;DR: You're no longer required to redeem rewards into a TD Bank deposit account to earn the full 2%, and for that, we say thank you.)

TD Bank changed the rewards setup on the TD Business Solutions card — for the better, in our opinion. No longer are you required to redeem rewards in an eligible TD Bank deposit account to turn the 1% cashback rate into 2%. Now all qualifying purchases earn an unlimited 2% cashback, no strings attached. And that's how you become a player in the business credit card space.

The basics: Earn an unlimited 2% cash back on all qualifying purchases. Earn a $400 statement credit when you spend $3,000 within the first 90 days after account opening.

Credit Card Calculator
Monthly Spend
Spend Categories expand_more
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dining Dining
local_gas_station Gas
monetization_on Other
card_travel Travel
phone_iphone Cell Phones
print Office Supplies

TD Business Solutions Credit Card

TD Business Solutions Credit Card Logo
Cashback Per Year
$...
Annual Fee
$0
Welcome Bonus
$400
Want to compare more cards? Use our full calculator.

TD Business Solutions Credit Card pros and cons

thumb_up_off_alt Pros

  • 2% cashback on all eligible purchases
  • No cashback limit
  • No reward categories tracking necessary
  • Sign-up bonus available
  • No annual fee

thumb_down_off_alt Cons

  • $25 (2,500 point) cashback redemption minimum
  • 3% foreign transaction fee
  • No introductory balance transfer or purchase offer

TD Business Solutions Credit Card cashback rewards spending categories

The following table shows the cashback rewards rate per $1 spent in the six most common spending categories. The “Bonus Rate” refers to the amount you can earn in excess of the card’s standard rewards rate.

Some cashback cards limit the spending amount eligible for the bonus rate (aka the “Spend Cap”). Once you hit that cap (e.g., $1,500 spending in a particular category during a defined time period), the rewards rate on future purchases in that category reverts to the lower “Default Rate.”

Category Default Rate Bonus Rate Bonus Spend Cap Bonus Spend Period (Months)
Cell Phone 2.00% - - -
Dining 2.00% - - -
Gas 2.00% - - -
Travel 2.00% - - -
Office Supplies 2.00% - - -
Other Purchases 2.00% - - -

What we like

The potential to earn 2% cash back on all purchases — all of them, and not just certain spending categories — outshines those no-annual-fee cards dangling 1.5% or less. Because math.

The TD Business Solutions card has no caps on rewards spending. Plus rewards do not expire as long as the account remains open and in good standing.

The welcome bonus gives you three months to spend $3,000 to earn a $400 statement credit, which is equivalent to a 13.33% cashback rate.

You can redeem rewards for cash back, merchandise, gift cards or travel rewards.

Card extras include access to roadside dispatch (via a pay-per-use program), auto rental collision damage waiver, and travel and emergency assistance services. These, as well as cell phone protection (limits apply), purchase security and extended warranty protection are nice to see on a credit card that doesn’t charge an annual fee.

Comes with standard Visa fraud protections, such as zero liability if the card is lost, stolen or used fraudulently.

Extra employee cards are free, as with most business credit cards.

What we don't like

Look elsewhere if you were hoping for any 0% intro APR love. There are no signup incentives for those looking for a balance-transfer deal or 0% interest on new purchases.

Frequent foreign travelers, beware of the 3% foreign transaction fee.

Cash advances will cost you 5% of the advance amount (with a $10 minimum), which is on the higher side of cards that charge this fee.

TD requires accountholders to rack up a minimum of $25 in rewards for cashback redemptions as a statement credit.

If you’re a frequent traveler, keep in mind that although the TD Business Solutions card is a Visa, it doesn’t come with Visa Signature card extras like lost luggage reimbursement and access to Visa concierge and hotel and entertainment perks.

This credit card won’t help you build your business credit reputation. TD Bank reports account information and activity to consumer credit reporting agencies, not business credit reporting agencies.

The bottom line

Is the TD Business Solutions Credit Card the best rewards card for your wallet? The answer depends entirely on your spending patterns. Let the numbers speak for themselves: Use the investor.com Cashback Credit Card Calculator to see which credit card pays back the highest rewards based on how much you spend each month.

TD Business Solutions Credit Card fine print

The important stuff about the TD Business Solutions credit card (and some additional legalese).

Does the TD Business Solutions Credit Card charge an annual fee?

No, there is no annual fee for the TD Business Solutions Credit Card.

tips_and_updates Trivia time!

Roughly 11% of the business cashback cards we track in our database charge an annual fee. The average annual fee is $200.

Does the TD Business Solutions Credit Card offer a welcome bonus?

Yes, the TD Business Solutions Credit Card has a welcome bonus of $400.

tips_and_updates Fun fact

Of the business credit cards in our database, 83% offer a welcome bonus. Currently, the average sign-up bonus on a new business cashback card is $421.79, with the median being $300.

How much cash back can I earn with the TD Business Solutions Credit Card?

The average business that spends $2580 per month will earn $619.20 in cash back per year using the TD Business Solutions Credit Card. For comparison, the average annual rewards payout from the business credit cards in the investor.com database is $483.97, and $464.40 is the median.

These calculations are based on average consumer spending data from the Bureau of Labor Statistics (BLS) and the reward payout rates from the providers we track. Of course, you’re so much more than an average data point (aka “consumer unit,” in BLS parlance). The amount you can earn in cashback rewards using the TD Business Solutions Credit Card depends entirely on your unique spending habits.

Find out exactly how much you’ll rake in with the TD Business Solutions Credit Card by tailoring the spending inputs in the calculator above.

Read next



Methodology

The results of the investor.com Credit Card Rewards Calculator are based on the monthly spending amounts you enter and the annual dollar value of the rewards each credit card program pays per $1 spent. Credit card companies often express this payout amount as a percentage (e.g., 1.5% of every dollar spent) or on a points basis (e.g. ,1.5 points for every dollar spent). We converted all of them to a dollar amount (“Cash Back Per Year”) to make comparing offers easier.

To calculate the amount of cash back you could earn per year, we factored in:

  • Spend category inputs: The default dollar values for each “Spend Category” in the Best Cashback Credit Cards tool — gas, groceries, travel, restaurant, entertainment, pharmacy, other — are based on average American spending data from the Consumer Expenditure Surveys from the U.S. Bureau of Labor Statistics. We also include additional spend categories (such as streaming services, online shopping, utilities, transit, Amazon and more) to help you see which rewards cards are most closely aligned with your actual spending patterns. We encourage you to customize the monthly spend inputs for the most accurate results.
  • Tiered rewards rates: If a rewards credit card pays higher cashback rates on certain spending categories (also called “Bonus Rewards”), that difference is reflected in the total “Cash Back Per Year” tally.
  • Rewards spending caps: Some cards impose category- or time-based limits (monthly, quarterly, annually) that affect the amount of rewards you can earn. For example, a card may pay 3% cash back on groceries on up to $1,000 of spending each quarter, then revert to the base/default rewards rate until the following quarter. We accounted for bonus spending caps and timeframe in the calculations.
  • Default rewards rates: Purchases that exceed a spending cap are usually subject to a lower default rewards rate (e.g., 1% or 1.5%). We mathed that out too.
  • Annual fees: If a rewards card charges an annual fee, we deducted that amount from the “Cash Back Per Year” total to provide a true accounting of a card’s annual rewards payout.

What’s not included in the “Cash Back Per Year” total is the cash value of any sign-up/introductory bonus. We highlight any Welcome Bonus separately. While sign-up bonuses can be the most lucrative part of getting a new cashback rewards credit card, not everyone will want or be able to do what it takes to earn the extra cash. (It usually requires spending a certain amount in a specified time period after the card is activated.)

About the Editorial Team

Dayana Yochim
Dayana Yochim

Dayana Yochim has been writing (articles, books, podcasts, stirring speeches) about personal finance and investing for more than two decades, focusing on bringing clarity and the occasional comedic aside to what is often a murky, humorless topic. She’s written for NerdWallet, The Motley Fool, HerMoney.com, Woman’s Day, Forbes, Newsweek and others, and been a guest expert on "Today," "Good Morning America," CNN, NPR and wherever they’ll hand her a mic.

Carolyn Kimball
Carolyn Kimball

Carolyn Kimball is Managing Editor for Reink Media Group and the lead editor for content on investor.com. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.

Andrea Coombes
Andrea Coombes

Andrea Coombes has 20+ years of experience helping people reach their financial goals. Her personal finance articles have appeared in the Wall Street Journal, USA Today, MarketWatch, Forbes, and other publications, and she's shared her expertise on CBS, NPR, "Marketplace," and more. She's been a financial coach and certified consumer credit counselor, and is working on becoming a Certified Financial Planner. She knows that owning pets isn't necessarily the best financial decision; her dog and two cats would argue this point.

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