Reviews TD Business Solutions Visa credit card review
TD Business Solutions Visa credit card review

TD Business Solutions Visa credit card review

Published: May 26, 2017
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Ratings Policy
Business Rating:
2.4 rating
2.4 rating
2.4 / 5
Rewards Value 1.2
Annual Percentage Rate 1.1
Rewards Flexibility 3.6
Features 3.0

In a nutshell:

The zero percent introductory APR for balance transfers on this card might be useful for business owners, but if you’re interested in rewards, you’d better look elsewhere.

Rewards Rate
1:1 for all purchases

Sign-up Bonus
$200 if you spend $3,000 in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($4,000 monthly spend)
$547

APR
13.49-23.49%

Rewards Redemption
Pros

  • No blackout dates
  • Points don’t expire
  • No limit on the points you can earn
  • Wide range of redemption options

Cons

  • Travel can only be redeemed through issuer website

Other Notable Features: Ability to add authorized users, purchase security, travel and emergency assistance, accounting and record-keeping tools, track business and personal expenses separately

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The TD Business Solutions Visa credit card pays one point on every dollar you spend, which is a very basic rewards rate. If you are primarily motivated by cash back, this card shouldn’t be on your “want” list. However, TD Business Solutions might be appealing due to its zero percent introductory APR for 12 months. This benefit is not rare for consumer credit cards, but it’s far from standard for business cards.

Bottom-of-the-barrel rewards rate
Unfortunately, aside from the sign-up bonus, you don’t get much in the way of rewards outside of the 1:1 general rewards rate. If you are looking to earn some big rewards, keep looking. You’ll find other cards that offer 2 to 3 percent bonus points on spending categories such as gas stations and restaurants, as well as sign-up bonuses worth $250 or more.

Average sign-up bonus
The TD Business Solutions card does offer a fair sign-up bonus of $200 for spending $3,000 in the first 90 days. If you are considering signing up for the card because you are a customer of TD Bank, this may be a nice incentive. However, if you are searching for a good cash back card in general, there are far better cards with much larger sign-up bonuses.

Variety of redemption options
This card’s redemption options are pretty good. Your points can be redeemed on a variety of categories, including airline tickets, hotels, car rentals and merchandise. Points don’t expire, there are no limits to how many points you can earn and there are no blackout dates on travel rewards.

Zero percent introductory APR
The card does offer a 12-month zero percent introductory APR on balance transfers. This is an exceptionally long period for a card in the business category. A lot of business cards don’t offer an introductory APR, and the introductory periods that exist are typically shorter than nine months. If you need to consolidate debt from high-APR accounts, the TD Business Solutions card might be your natural choice. Keep in mind, however, that the balance transfer fee is 4 percent, which is on the high side.

High regular APR
Unfortunately, the regular APR on the TD Business Solutions card is one of the highest among the cards we reviewed in the business category. The card offers a variable rate that starts at a high 13.49 percent and ranges up to 23.49 percent. With the high interest rate and poor rewards rate, there are few reasons we would recommend the TD Business Solutions card over other business credit cards. The interest rate is too high to serve as an optimal tool for managing cash flow, and there are far better business rewards programs out there.

Account management features
The card does come with some useful features to help business owners manage expenses. TD Bank offers accounting and record-keeping tools, and allows you to track and keep separate business and personal expenses.

Reasons to get it:

  • You want to consolidate debt from high-APR accounts.
  • You’re more interested in simplicity than awards.
  • You want a business card that doesn’t charge a fee for employee accounts.

How to use it:

  • Avoid redeeming awards on merchandise or most low-denomination gift cards, as the redemption rates are not good.
  • Avoid using this card abroad, since it charges a 3 percent foreign-transaction fee.

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information. 

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