Cherry Hill, N.J., Aug 6, 2024 – TD Bank today announced new enhancements to the rewards and benefits of its popular TD Cash Secured Credit Card™. The product will now leverage the same rewards structure offered by the TD Cash Credit Card, giving cardholders 3% Cash Back on a category of their choice, 2% on their second category, and 1% Cash Back on all other eligible purchases.1 Customers will also be able to change their categories on a quarterly basis.
"We want to make sure customers have a way to maximize rewards while building their credit history," said Chris Fred, Head of Credit Cards at TD Bank. "This product helps customers begin their credit journey in a positive way."
The TD Cash Secured Credit Card uses a security deposit to provide a credit line to consumers, helping them build their credit by reporting the account to credit bureaus. The Cash Back categories are the same as those offered with the TD Cash Credit Card and include Dining, Entertainment, Gas Stations, Grocery Stores, and Travel. The card also comes with Visa Signature Benefits like cell phone protection and emergency card replacement. Cardholders may be considered for graduation to the TD Cash Credit Card based on a review of a variety of factors.
"A secured credit card is a great entry point for people looking to build credit, and with TD Cash Secured, you can earn up to 3% Cash Back while you do so," said Fred.
All existing TD Cash Secured Card customers will be upgraded to the enhanced rewards structure automatically.2
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the largest banks in the U.S., providing over 10.0 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com/us.
Contacts
Lisa Carlson
Corporate and Public Affairs, TD Bank
Lisa.Carlson@td.com
1 Read Important Credit Card Terms and Conditions for details about rates, fees, eligible purchases, and rewards program rules. For as long as your account remains open to new purchases and in good standing, TD Cash Secured Credit Card points will not expire. Rewards are earned as points that can be redeemed for Cash Back.
2 This information is not intended to provide legal or financial advice or indicate that a particular product or service is right for you or available to you. For specific advice about your individual circumstances, you may consider consulting with a qualified professional.
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