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• May 9, 2023

CHERRY HILL, N.J. – May 9, 2023 – TD Bank, America's Most Convenient Bank®, today announced the launch of a new suite of credit card products that includes two new credit card types as well as improvements to existing customer favorites, building on TD's growing momentum in the credit card space. The launch introduces TD Clear, a no-interest credit card that charges a simple monthly fee— the first of its kind in the U.S. market—as well as TD FlexPay, TD's most flexible credit card to date with increased payment flexibility and generous balance transfer offers. The new credit card offerings complement the enhancements also made to the existing TD Double Up and TD Cash credit cards.

The launch represents TD Bank's most significant investment to date in the credit card space, creating new card offerings and improving existing products. It comes on the heels of substantial investments in TD's credit card servicing and digital experience. This expanded credit card portfolio represents a full-range of options for customers to determine the best fit for them.

"Customers are looking for clarity around credit to empower them to handle their finances with confidence," said Matt Boss, Head of Consumer Products at TD. "Our new cards, paired with our existing offerings, provide a solution for everyone. TD Clear delivers transparency and simplicity, taking interest out of the equation with a low monthly fee."

Introducing TD Clear: No Interest Rates, Just a Simple Monthly Fee

TD Clear is a subscription-based credit card with no interest—just a straightforward monthly fee. Consumers can choose between two products: a $10 monthly fee for a $1,000 credit limit or a $20 monthly fee for a $2,000 credit limit, with no hidden fees. That means no foreign transaction fees, no annual fees, no cash advance fees, no over-the-limit fees, no returned payment fees, and no interest charges.

"This card is the first of its kind in the U.S.," said Chris Fred, Head of Credit Cards and Unsecured Lending at TD. "Our research indicated that many customers want a simple solution to credit. TD Clear provides simplicity with a predictable monthly payment."

With simple monthly payments and no interest, period, TD Clear is a great option for consumers looking for a simple solution to credit.

Increasing Flexibility for Consumers with TD FlexPay

This card offers TD's best balance transfer offer to help cardholders consolidate existing card balances. TD FlexPay's benefits help cardholders manage their long-term financial goals, bridge the gap in cash flow, and handle the unexpected—giving consumers credit options on their terms.

"Customers have told us that sometimes a single expense can mean the difference between being able to pay their bills," said Fred. "We want to offer people the flexibility they need in those moments. TD FlexPay offers cardholders a moment of respite, giving them a chance to catch their breath between payments and take care of what matters most to them at the time."

Enhancing TD Double Up & TD Cash

In addition to launching the new credit cards, TD Bank is also updating its existing rewards credit cards to include even more competitive options for consumers. TD is not only making these improvements for new customers, but also extending the upgrades to existing cardholders.

TD Double Up now offers 2% Cash Back on ALL purchases. No opt-ins, no limits , no categories—just a flat 2% back on every purchase. This is an upgrade from the previous construct, where cardholders earned the full 2% only if they redeemed their rewards into a qualifying TD Bank Deposit account, which is no longer required. The unlimited 2% Cash Back makes TD Double Up ideal for people looking to maximize their rewards without any extra effort.

For customers interested in optimizing their rewards in the categories that mean the most to them, TD Cash will continue to offer its flexible 3-2-1 rewards, providing 3% and 2% Cash Back in specific Spend Categories and 1% on everything else. In addition, as an enhancement to TD Cash, cardholders will be able to customize categories quarterly to optimize their rewards, choosing where they want to earn the 3% and 2% Cash Back. Previously, customers earned 3% Cash Back on dining purchases and 2% Cash Back on grocery purchases. Rewards never expire and are unlimited in each category, making TD Cash ideal for customers looking to accelerate their earn on cash back.

In addition to the attractive rewards, each of the credit cards offer a suite of strong benefits for cardholders in partnership with Visa. TD Clear, TD FlexPay, TD Double Up and TD Cash all include cell phone protection for cardholders who use the card to pay their cellular bill as well as perks like roadside assistance options and Visa Purchase Protection.

"The best credit card comes down to fit," said Boss. "Everyone's needs are different, and our research and customer feedback clearly indicated there was an opportunity for us to create a wider range of options. Our credit card portfolio has something for everyone."

About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.9 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 Find TD Bank on Facebook at and on Twitter at and  

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

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Media Contact:
Lisa Carlson
Corporate Communications Manager

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