TD Bank offers a range of business credit cards to meet the needs of different businesses. These TD Business Credit Cards give you control over your business spending and help separate business spending from personal spending. This separate one will help you to track your business spending towards creating a good business credit history. It also opens you to numerous travel rewards and cashbacks at low interest.
There are four major TD business credit cards. Before looking at what each entails, here are the standard features you may find with TD Bank’s business credit cards include:
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The Four Pillars Of TD Business Credit Card
- TD Bank offers a range of business credit cards to meet the needs of different businesses. These TD Business Credit Cards give you control over your business spending and help separate business spending from personal spending.
- There are four major TD business credit cards. Before looking at what each entails, here are the standard features you may find with TD Bank’s business credit cards include:
General Features of TD Business Credit Card
- Rewards Programs: TD Bank offers business credit cards with rewards programs that allow you to earn points or cash back on your purchases. These rewards can be redeemed for travel, merchandise, gift cards, or statement credits.
- Sign-up Bonuses: Some TD Bank business credit cards may offer sign-up bonuses, which provide additional rewards or bonus points when you meet specific spending requirements within a specified period.
- Travel Benefits: Certain TD Bank business credit cards may provide travel benefits, such as travel insurance, airport lounge access, concierge services, and special travel discounts.
- Expense Management Tools: TD Bank’s business credit cards often contain expense management tools that help you track and manage your business expenses. These tools may include online reporting, spending controls, and integration with accounting software.
- Additional Perks: Depending on the specific card, you may access other perks, such as purchase protection, extended warranty coverage, and fraud protection services.
Types of TD Business Credit Card
There are four major types of business credit cards offered by TD. They are:
- TD Business Travel Visa* Card
- TD® Aeroplan® Visa* Business Card
- TD Business Cash Back Visa* Card
- TD Business Select RateTM Visa* Card
TD Business Travel Visa Card
Stand a chance to earn up to 140,000 TD Rewards Points and $247 in Annual Fee rebates in the first year if you apply before or on September 5, 2023.
- Annual Fee – $149
- Interest Purchases – 19.99%
- Interest Cash Advances – 22.99%
- Additional Cards – $49
Eligibility requirements: You must be a Canadian resident and up to the age of majority in your province/territory of residence.
The TD Business Travel Visa Card is designed for businesses that frequently incur travel expenses. The card is made from 90% recycled plastic. The TD Business Travel Visa Card usually allows you to earn travel rewards on your business expenses. You may earn points for every dollar spent on eligible purchases, which can be redeemed for flights, hotel stays, car rentals, and other travel-related expenses. You earn 9 TD Rewards Points when you book travel online via ExpediaForTD.com.
TD Business Travel Visa Card offers a sign-up bonus of 30,000 TD Rewards Points when you make your first Purchase.
You enjoy additional benefits with this card, such as travel insurance coverage, including trip cancellation/interruption insurance, emergency medical insurance, and rental car collision/loss damage insurance, as long as your account is in good shape and standing.
Additional benefits of this card include:
- Expense Card Management Tools: TD Bank often provides online expense management tools to help you track and categorize your business expenses. These tools can simplify expense reporting and provide valuable insights into your spending patterns.
- Additional Features: The TD Business Travel Visa Card may include features such as employee card controls, allowing you to set spending limits for individual employees, and consolidated billing to simplify expense management.
- You earn TD rewards points for every $1 you spend on all eligible business purchases.
- Access to a comprehensive suite of travel insurance.
To apply online: Click here.
The TD Aeroplan Visa Business Card
Stand a chance to earn up to 50,000 Aeroplan Points and $247 in Annual Fee rebates for the first year if you apply before or on September 5, 2023.
- Annual Fee – $149
- Interest: Purchases – 14.99%
- Interest: Cash Advances – 22.99%
- Additional Cardholder – $49
Eligibility requirements: You must be a Canadian resident and upto the age of majority in your province/territory of residence
The TD® Aeroplan Visa Business Card is a business credit card offered by TD Bank in partnership with the Aeroplan loyalty program. It is designed for businesses that frequently travel and want to earn rewards for their expenses.
With this card, you can earn Aeroplan points on your business purchases. The points can be redeemed for various rewards, such as flights, hotels, car rentals, and merchandise, through the Aeroplan program.
The TD® Aeroplan Visa Business Card often comes with a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card. Also, you earn Aeroplan points for every eligible business purchase you make.
By being a registered member of this card, you can enjoy priority airport services, such as check-in, boarding, and access to select airport lounges.
Other benefits of this card include:
- Cardholders typically enjoy comprehensive travel insurance coverage, including trip cancellation/interruption insurance, emergency medical insurance, and rental car collision/loss damage insurance.
- Additional Perks: The TD® Aeroplan Visa Business Card may come with other perks, such as extended warranty coverage, purchase protection, and special discounts or offers from participating merchants.
- Card Management Tools: TD Bank often provides online expense management tools to help you monitor and categorize your business expenses.
- Access to free first checked bag for up to 9 people traveling on the same covered trip on an Air Canada flight.
To apply online: Click here.
TD Business Cash Back Visa Card
Stand a chance to invest in your business with Cash Back Dollars by getting the TD Business Cash Back Visa Card.
- Annual Fee – $0
- Interest Purchases – 19.99%
- Interest Cash Advances – 22.99%
- Additional Cards – $0
Eligibility requirements: You must be a Canadian resident and up to the age of majority in your province/territory of residence.
The TD Business Cash Back Visa Card is designed to help businesses earn cash back on their everyday purchases. With this card, you can earn cash back on eligible business purchases. You earn 2% in cash back dollars on eligible gas purchases, office supply purchases, and regularly recurring bills. You earn 0.5% in cash back dollars on all other Purchases you make with your card. Additionally, you earn 50% more Stars at purchasing at Starbucks® stores.
Other benefits of this card include:
- No annual fees
- Card management tools to help you track and categorize your business expenses. These tools can simplify expense reporting and provide insights into your spending patterns.
- Cashback dollars are always accessible and never expire if your card is active and in good standing.
To apply online, click here.
TD Business Select RateTM Visa* Card
- Annual Fee – $0
- Interest Purchases – 11.99%
- Interest Cash Advances – 11.99%
- Additional Cards – $0
Also, you can pay an annual fee to lower the interest rate you will have to pay.
- Annual Fee: $49
- Interest Purchases & Interest Cash Advances: 8.99%
Eligibility requirements: You must be a Canadian resident and up to the age of majority in your province/territory of residence.
With this card, you enjoy a 21-day interest-free grace period on all your new purchases if you fully settle your statement balance before your payment due date. Also, this card gives you coverage for most of your eligible new purchases with Extended Warranty Protection and Purchase Security.
Additional benefits of this card include:
- Access to Loss Damage and Auto Rental Collision Insurance coverage for up to 48 consecutive days
- TD Card Management Tool to manage your existing credit limits and review your business spending
- Earn 50% Stars for participating Starbucks® stores
To apply online: Click here.
The Four Pillars Of TD Business Credit Card
- TD Bank offers a range of business credit cards to meet the needs of different businesses. These TD Business Credit Cards give you control over your business spending and help separate business spending from personal spending.
- There are four major TD business credit cards. Before looking at what each entails, here are the standard features you may find with TD Bank’s business credit cards include:
How to Qualify for TD Business Credit Card
To qualify for a TD Business Credit Card, you generally need to meet certain criteria TD Bank sets. While specific requirements may vary depending on the TD Business Credit Card you are applying for, here are some general qualifications:
- Business Entity: You should have a legally recognized business entity, such as a sole proprietorship, partnership, corporation, or limited liability company (LLC). Some TD Business Credit Cards may also be available to self-employed individuals.
- Business Information: You must provide information about your business, including its legal name, address, industry type, and Tax Identification Number (TIN) or Employer Identification Number (EIN). This information helps establish the business’s identity and creditworthiness.
- Financial History: TD Bank may review your business’s financial history and creditworthiness. This evaluation may involve your business’s revenue, profitability, credit score, and financial stability. They may also consider your personal credit history as part of the assessment.
- Personal Guarantee: As a business owner, you may be required to provide a personal guarantee for the TD Business Credit Card. You will be personally liable for any outstanding balances or debts if the business cannot repay them. The personal guarantee helps protect the credit card issuer in case of business default.
- Legal Age and Residency: You generally need to be up to the majority age of your province or county.
How Does A TD Business Credit Card Work?
A TD Business Credit Card works similarly to other business credit cards and offers a range of features and benefits designed to meet the needs of businesses.
You can use your TD Business Credit Card to make purchases for your business. The card can be used for expenses such as office supplies, equipment, travel, and other business-related costs. It can be used in physical stores, online, or over the phone, wherever credit cards are accepted.
Each month, your card activity will be grouped into a billing cycle, typically lasting around 30 days. During this period, you can make purchases and accrue charges on the card. At the end of each billing cycle, TD Bank will provide a monthly statement summarizing your card activity for that period. The statement will list the purchases, fees, and any interest charges incurred. It will also show the minimum payment amount and due date.
Additionally, you must make a minimum payment by the due date stated on your monthly statement. If you don’t pay the full balance, interest charges will apply to the remaining balance. TD Bank provides various payment options, including online or mobile banking and automatic and in-person payments at TD Bank branches.
Depending on your specific TD Business Credit Card, you may have access to rewards programs or benefits. These can include earning cash back, travel rewards, or other perks based on your card usage. Rewards can be redeemed for various options, such as statement credits, travel, merchandise, or gift cards.
Furthermore, TD Business Credit Cards often have expense management tools to help you track and manage your business expenses. These tools may include online reporting, spending controls, and integration with accounting software, which can simplify expense tracking and management.
How to Apply for TD Business Credit Card
To obtain a TD Business Credit Card, you can apply for it through TD Bank or online via their official website. The application process may require you to provide information about your business, such as its legal structure, revenue, and financial history.
Once your card has been approved, TD Bank will assign a credit limit to your TD Business Credit Card. This represents the maximum amount of credit you can use on the card for business-related purchases. The credit limit is based on various factors, including your business’s financial health, credit history, and other considerations.
Why Should You Apply For A Business Credit Card?
Here are some reasons you should apply for a business credit card as a business owner. They are as follows:
- Helps you to establish a business credit history
- Provides flexible short-term spending
- Allows you to separate business expenses from personal expenses
- Provides easy-to-use online management tools to aid business financial control and management.
- Offers rewards and cashback that benefit your business.
The Four Pillars Of TD Business Credit Card
- TD Bank offers a range of business credit cards to meet the needs of different businesses. These TD Business Credit Cards give you control over your business spending and help separate business spending from personal spending.
- There are four major TD business credit cards. Before looking at what each entails, here are the standard features you may find with TD Bank’s business credit cards include:
Conclusion
It’s essential to review the terms and conditions of your specific TD Business Credit Card carefully. These will outline your card’s specific features, benefits, fees, and terms. If you have any questions or need further clarification, it’s recommended to contact TD Bank directly or visit their website for more information.
