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The TD First ClassSM Visa Signature® Credit Card is an airline miles rewards card aimed at people who spend a lot on travel and dining. The card offers 3X First Class miles on travel and dining purchases and 1X First Class miles on all other purchases. There is a sign up bonus of 25,000 miles on $3,000 spent in first 6 cycles and 0% intro APR for 12 billing cycles on balance transfers.
With a TD First Class Visa Signature Credit Card, you have access to exclusive events, complimentary 24/7 concierge, and special shopping perks. Like many Visa cards, you have Visa Zero Liability. You also do not have to worry about extra on international purchases. To be eligible to apply for this credit card, you will need to have a high credit rating.
However, cardholders who do not like to track categories when they shop will find the TD First Class Visa Credit Card quite limiting if they care about rewards. Otherwise, the card offers a good but not great deal when compared with similar rewards cards. You should also bear in mind that the rewards earned on this credit card are not transferable to other cards or partner programs.
Rewards Plan
Sign up Bonus
0% Intro
PROS
- Attainable Signup Bonus
- Miles Reward
CONS
- Annual Fee
- Rewards Are Not Transferable
APR
17.49% variable
Annual Fee
$89 (waived first year)
Balance Transfer Fee
$5 or 3%
Credit Requirements
Good - Excellent
Card & Issuer Reputation
J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more. TD bank wasn't participated in the 2020 research.
Advantages
Let’s take a look at the advantages of this card and see if it’s the right one for your wallet or not.
- Decent Signup Bonus
This card offers you a signup bonus of 25,000 miles on $3,000 spent in first 6 cycles. The steps required to earn this bonus are very straightforward and can be attained easily if you spend a lot.
- Low APR
At 17.49% variable, the annual percentage rate of the TD First Class Signature Credit Card is quite attractive. It is a much better deal than the 15-17% average offered by most credit card companies.
- Zero Liability
You are not held responsible for unauthorized charges to your account processed by Visa. This protects you from liability if your card is ever stolen or used fraudulently. You are required to report any unauthorized use to TD Bank immediately.
- Miles Reward
TD First Class Visa Signature Credit Card specially rewards you for spending on travels and dining. You get 3X First Class miles on travel and dining purchases and 1X First Class miles on all other purchases. These airline miles, valued at one mile a cent, can be spent on travel and dining purchases.
Miles may be redeemed as statement credits or direct deposit when you accrue up to 2,500. Your airline miles have no expiration date and are valid for as long as your account remains open and stays in good standing.
- No Foreign Transaction Fee
Unlike many other credit card issuers, this card does not charge any fee for foreign transactions. Not having to pay foreign transaction fees when you travel outside the US or make international purchases can be a great advantage.
This could help you save a dollar or two, which can add up quickly if you do this often.
Disadvantages
Let’s take a look at the disadvantages of this credit card and see if it’s the right one for your wallet or not.
- Annual Fee
The $89 (waived first year) is high when you consider other rewards cards which charge less than this and offer comparable, sometimes better, benefits.
You have to spend at least $2,967 on travel and dining or $8,900 on other purchases to earn enough rewards to offset the impact of your annual fee on this card.
- Rewards Are Not Transferable
The miles earned on the TD First Class Visa Signature Credit Cards cannot be transferred to other loyalty programs.
This puts it behind many other credit cards which allow the transfer of rewards to partner programs.
- 0% Intro Only on Balance Transfers
Interests will not be charged on any balance you transfer from other credit cards within the first 12 cycles.
Since this introductory rate is limited to balance transfer, you may still be charged interests on purchases you make with your card if you don’t pay off your full balance by the due date each of month.
How To Apply For TD First Class Visa Signature Card?
- 1.
The TD First Class Visa Signature Credit Card is only available in the US. You must meet the minimum age (18), income, residency, and credit quality requirements.
To begin your application, visit the TD Bank website. Make sure you’re on the US page. If you’re not, you can switch to the US page by clicking the flag at the top right corner of the page.
Click on “Banking” at the top of the homepage. Scroll down and click on “Credit Cards” from the list under “Personal Banking”. In the next page, click “Apply Now” on TD First Class Visa Signature Credit Card.
- 2.
First Step:
Fill in your names, phone numbers and email. At least one phone number must be provided.
- 3.
Second Step:
Provide your address information. This will include your full home address, zip code, residential status, and monthly rent or mortgage.
- 4.
Third Step:
Verify your identity by providing your date of birth and social security number.
- 5.
Fourth Step:
Fill in your gross annual income and source of income. You will also be asked to provide information on your job industry and role. You will be asked to verify your information before proceeding to the next stage.
- 6.
There are two optional steps after this. You may choose to transfer balances from your other cards. To do this, you must provide the amount, card account number, and card issuer name and address.
You may also choose to add other authorized users (up to 3). You will need to provide their names and birth dates to do this.
Final Step:
You will be presented with an Agreements & Disclosures section. You may download a PDF of the terms and conditions from this page. If you agree to them, click on “Accept & Continue”. Review your information and submit.
- 7.
If your application is approved, you may receive a credit card account starting with a minimum access line of $5,000. It could be more. While many things typically go into the credit card approval process, it is important to have very good to excellent credit score when applying for a TD First Class Visa Signature Credit Card. They check.
Is the TD First Class Card Right for You?
Making the most out of a TD First Class Visa Signature Credit Card requires you to spend, a lot. You also have to be strategic about how you do this since not all purchases carry equal rewards.
If you don’t travel much, earn a low income or are struggling with a poor credit score, you should look elsewhere for options more suited to your situation. If you have excellent credit and spend a lot on traveling, however, this card may be for you. This is a tailored travel rewards card and it does not offer much for any other type of user.
Compare The Alternatives
If you're looking for a travel rewards credit card – the TD first class is definitely a good option, but there are some good alternatives:
|
|
| |
|---|---|---|---|
Bank of America® Travel Rewards credit card | Capital One Venture Rewards Credit Card | Chase Sapphire Preferred® Card | |
Annual Fee | $0 | $95 | $95
|
Rewards |
1.5X
1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
|
2X
2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel
|
2X – 5X
5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and online grocery purchases and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
|
Welcome bonus |
25,000 points
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases
|
75,000 miles
|
60,000 points
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
|
Foreign Transaction Fee | 0% | None | 0%
|
Purchase APR | 18.24% to 28.24% will apply. A 3% fee (min $0) applies to all balance transfers | 20.24% – 28.24% (Variable)
| 20.49% – 27.49% variable APR
|
Review Travel Credit Cards
American Express Platinum
American Express Gold
Chase Sapphire Preferred
Chase Sapphire Reserve
Capital One Venture X Rewards
TD First Class Visa Signature
Bank of America Travel Rewards
Capital One Venture Rewards
