TD · Visa
Business card
Free, with 2% on four categories and a separate $15,000 cap on each. The base rate of 0.5% is poor, so this is a card for concentrated spending rather than everything.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- No annual fee and no fee for additional cards
- 2% on gas, transit, office supplies and pre authorised payments including streaming
- Each category has its own $15,000 cap, so the effective bonus allowance is $60,000
- Pre authorised payments as a bonus category catches software subscriptions, which most cards miss
- Visa acceptance, which is broader than Amex for supplier payments
Watch out for
- The base rate of 0.5% is the lowest of any card here, so off category spend barely earns
- The cap year runs from first use to November and then resets in December, which is confusing
- TD does not publish a foreign transaction fee on this card
- No travel insurance and no purchase protection
- TD requires a personal guarantee
What this card earns
- Gas
- 2%
- Recurring bills and subscriptions
- 2%
- Transit
- 2%
- Entertainment
- 2%
- Everything else
- 0.5%
- Bonus rates apply up to
- $15,000 of annual spending after that, the base rate
- Bonus categories at once
- 2 you choose which
The earning fine print
2% on gas, on transit, on office supplies and on pre authorised payments including streaming, with 0.5% on everything else. The structure is better than it first looks, because each of the four categories gets its own $15,000 annual cap rather than sharing one, which is $60,000 of bonus spend in total. The odd part is the calendar: the cap year starts when you first use the card and runs to the following November, then resets each December. So an account opened in March gets a short first cap year, which is easy to misjudge.
Fees and interest rates
- Annual fee
- None
- Employee card
- Free
- Foreign transaction fee
- Not published by the issuer
- Purchase APR
- 19.99%
- Cash advance APR
- 22.99%
Who can get this card
- Personal guarantee required
- Yes you are personally liable for the balance
What the benefits really mean
Each of the four bonus categories carries its own $15,000 annual cap rather than sharing one, which is why we have recorded $15,000 rather than $60,000 in the cap field. The cap year runs from first card use through the following November and then resets every December. TD does not publish a foreign transaction fee for this card, so that field is empty rather than zero. A personal guarantee is required.
Our verdict
The four separate $15,000 caps are the reason to take this seriously. Most free cards give you one pot to share, and TD gives you four, which means a business can earn 2% on $60,000 of spending a year without paying anything. Pre authorised payments as a category is quietly the best part, because it catches the software subscriptions that make up a growing share of what small businesses actually spend on.
Do not make it your only card. The 0.5% base rate is genuinely bad, and any spending outside those four categories earns less than half what the BMO CashBack Business pays on its base rate. The sensible setup is this card for the categories it rewards and a flat rate card for the rest. Work out your cap year before you rely on it, because the first one is shorter than twelve months unless you happen to open the account in December.
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Where this came from. td.com small business credit card pages and cardholder agreement, checked 2026-08-18. We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.