TD Cash Secured Credit Card
TD Cash Secured Credit Card
Accepted Credit Scores
Bad Credit
Minimum Security Deposit
$300
Fees
APR on Purchases
28.24% (V)
Rewards
Earn 1 point per $1 spent (equivalent of 1% Cash Back) on all eligible purchases.
You may redeem once you have accumulated at least 2,500 Points as either a statement credit or direct deposit.
TD Cash Secured Credit Card's Additional Info
Apply online for the TD Cash Secured Credit Card and once you're conditionally approved, visit a TD Bank near you to open a TD Simple Savings account.
Bring a minimum of $300 to fund the security deposit. You can use a check, cash or transfer from another TD account.
Once your savings account is opened and funded, TD Bank will mail your new secured card to you. Activate it and start building your credit.
If you use and maintain the card and keep it in good standing, you may be eligible to graduate to an unsecured TD Bank Credit Card.
cash advance fee | 5% (min $10) |
cash advance APR | 30.49% (V) |
foreign transaction fee | 3% |
smart chip | Yes |
max late fee | $40 |
max overlimit fee | $0 |
max penalty APR | None |
TD Cash Secured Credit Card Pros & Cons
Low membership fees
Qualify with bad credit
High regular APR
Foreign fee
Requires security deposit
Questions & Answers
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Does the TD Cash Secured Credit Card have pre-approval?
No, the TD Cash Secured Credit Card does not have pre-approval, so anyone interested in applying for the TD Cash Secured Credit Card will have to do so without the benefit of checking for pre-approval.
You can, however, use WalletHub's CardAdvisor tool instead and learn how easy it is to find the right credit card for you. Just answer a few general questions, and based on your responses, CardAdvisor will provide you with some recommended credit card offers.
Does the TD Cash Secured Credit Card do a hard pull?
Yes, the TD Cash Secured Credit Card does a hard inquiry on your credit report when you apply. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time. The hard inquiry allows TD Bank to determine your credit risk and ultimately decide whether you'll be approved for an account.
The TD Cash Secured Credit Card accepts applicants with bad credit, too. You can check your credit score by...
What is the maximum amount I can deposit for my TD Cash Secured Credit Card?
The maximum amount you can deposit for your TD Cash Secured Credit Card is $5,000, according to customer service. You don't have to deposit the whole amount at account opening if you want a high credit limit. You can start low (min $300) and add more money to your deposit after your account is opened, to increase your credit limit.
It's worth noting that putting down a bigger security deposit will also increase your secured credit card's limit....
Do I get my deposit back from a TD Bank secured credit card?
Yes, you do get your deposit back from a TD Bank secured credit card, as TD Bank will always refund the deposit in full when you close the account with no unpaid balance. TD Bank will also return your deposit to you if they graduate your secured card to an unsecured card without closing the account.
The only cases where you will not get your full deposit back from a TD Bank secured credit...
What's the starting credit limit for the TD Cash Secured card?
The starting credit limit for the TD Cash Secured Credit Card is $300. Since this is a secured card, you will need to fund that amount into a security deposit.
Keep in mind that once you make the deposit, you cannot add any more money to increase the credit limit. The only way to get a credit limit increase is to wait for the card to graduate to an unsecured card. After that, you can either make a...
TD Cash Secured Credit Card Reviews
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I recently moved from Philadelphia to Rochester and transferred my address.
TD Credit card responded by freezing my card until I could verify my identity. They did not notify me of this; my card was simply declined 7 days after I had moved.
I called TD credit card customer service, who provided me with an actual address for a TD bank location in Rochester... which closed five years ago. I then called back, and was told I had to verify my identity with 2 forms of ID.
I was told to fax them over to a number (the supervisor, Preston, was unsure which ID would fit that requirement, however)
I then called in 3 days later, asking if my identity had been verified so I could use my card. I was then told that the fax number provided was incorrect.
I then refaxed everything (paying out of pocket; I do not have a fax) and was told it was received 2 days afterwards. However, I was informed it was pending review, and was told to call again in 3 days. I called again in 3 days, however, I was then told I also needed to provide a copy of my utility bill.
This had not been mentioned to me. I was then told to fax my 5 page utility bill (keep in mind faxing is $2.19 per page near me)
I have asked to cancel this card numerous times, only to be sent to a customer service rep who then sends me back to the TD line I was on. Everyone on the phone is super unhelpful and simply wants you to hang up. I urge anyone to stay away from TD bank as much as you can. I have been a loyal TD bank user for over a decade and this is how I was rewarded. Go to a better company who will treat you better and not make you call numerous times.
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