TD · Visa
Business card
Best low interest business card
11.99% with no annual fee, or 8.99% for $49. The cash advance rate matches the purchase rate, which almost no business card does.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- 11.99% on purchases with no annual fee, or 8.99% if you pay $49
- The cash advance rate equals the purchase rate, which is genuinely rare
- No fee for additional cards on the free tier
- Rental car collision damage waiver included
- Simple, with no rewards programme to manage
Watch out for
- It earns no rewards at all
- TD sells two versions on one page, and a comparison showing only one will mislead a balance carrier
- No travel medical and no purchase protection published
- TD does not publish a foreign transaction fee for this card
- A personal guarantee is required
What this card earns
- What we value a point at
- Not published by the issuer
The earning fine print
No rewards programme. This is a pure low-interest business card.
What the offer actually requires
No welcome offer published.
Fees and interest rates
- Annual fee
- None
- Employee card
- Free
- Foreign transaction fee
- Not published by the issuer
- Purchase APR
- 11.99%
- Cash advance APR
- 11.99%
- Balance transfer APR
- 11.99%
Who can get this card
- Personal guarantee required
- Yes you are personally liable for the balance
Insurance and benefits
- Rental car damage waiver
- Included
- Purchase protection
- Included
- Extended warranty
- Included
What the benefits really mean
TWO FEE/RATE OPTIONS: $0 annual fee at 11.99% on both purchases and cash advances, OR $49 annual fee at 8.99% on both. The $0/11.99% option is recorded in the numeric fields; the $49/8.99% option is a separate election at application. Auto Rental Collision/Loss Damage up to 48 consecutive days. Purchase Security and Extended Warranty Protection. TD Card Management Tool for online reporting, credit limits and spend controls. Visa SavingsEdge. 21-day interest-free grace period on new purchases when the statement balance is paid in full. Eligibility stated only as Canadian resident of the age of majority. TD's business cardholder agreement makes the Cardholder, the Business Borrower and the Individual Borrower(s) jointly and severally liable. DUAL PRODUCT IN ONE PAGE: $0 fee at 11.99% or $49 fee at 8.99%. A comparison table showing only one line will mislead anyone carrying a balance. The $49 option pays for itself above roughly $1,634 of average carried balance. The cash advance rate equals the purchase rate, which is unusual and genuinely favourable, but there is still no grace period on cash advances. TD's page states additional cards cost $0 but does not say whether that applies to both fee tiers. TD does not publish the foreign currency conversion fee.
Our verdict
For a business that revolves a balance, this is the best card in the segment and the arithmetic is not close. 11.99% against the 19.99% norm saves about $400 a year on $5,000 carried, and the $49 version at 8.99% saves another $150 on top, paying for itself above roughly $1,600 of average balance.
The cash advance rate deserves its own mention. Nearly every business card prices advances several points above purchases and starts charging interest the same day. This one charges the same rate on both, which for a business with genuinely lumpy cash flow is worth more than any cash back card in this comparison. If you clear the balance every month, ignore all of that and take a card that pays you something.
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Where this came from. td.com/ca/en/business-banking/small-business/credit-cards (lineup, $0 fee, 11.99% both rates, effective 2 March 2026); td.com/../business-select-rate-visa-card (dual fee/rate structure, $0 additional cards, benefits). Verified 18 Aug 2026.. 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.