TD Canada will issue two new credit cards in Summer 2017

I reported that Tangerine will make some significant changes to one of the (previously) best credit cards in Canada very soon. I decided to take some study and look for some alternatives. It seems that TD Canada is going to issue two new credit cards in the summer of 2017.

The benefits of the two cards are interesting, some of major points including:

• A TD Cash Back VISA card. It has no annual fee, and earn 1% cash back on grocery, gas, and pre-authorized payments. Other than that, the cashback rate is 0.5% on all other purchases. It is also good to know that the card comes with purchase security and extended warranty insurance.
• A TD Cash Back VISA Infinite card. It provides much better benefits than the previous card, but it charges an annual fee of $120. However, the fee could be waived if you have the TD all-inclusive account. One of the greatest benefits of the card is that it earns 3% cashback on grocery, gas, and pre-authorized payments. Other than that, the cashback rate is 1%. For those new users, the cashback rate is 6% in the fist three months. Terrific!

I am planning to apply for the VISA Infinite card once the application link is available.