The TD Cash Back Infinite Cardholder Agreement: What You Need to Know

If you`re considering applying for the TD Cash Back Infinite credit card, it`s important to understand the terms and conditions outlined in the cardholder agreement. This document outlines the rights and responsibilities of both you, the cardholder, and TD Bank, the issuer of the card.

Here`s a breakdown of some key points to keep in mind:

1. Cash back rewards: The TD Cash Back Infinite card offers 3% cash back on eligible grocery and gas purchases, 2% on eligible purchases made at restaurants and fast food establishments, and 1% on all other eligible purchases. However, it`s important to note that not all purchases will be eligible for cash back rewards. Be sure to read the fine print in the agreement to fully understand which purchases qualify.

2. Annual fee: The TD Cash Back Infinite card has an annual fee of $120. However, this fee is waived for the first year. Make sure you understand when the annual fee will be charged and how it will be reflected on your statement.

3. Interest rates: Like any other credit card, the TD Cash Back Infinite card accrues interest on outstanding balances. The interest rate will vary based on your credit score and other factors, so it`s important to read the agreement carefully to understand your specific rate.

4. Penalty fees: The agreement also outlines potential penalty fees for late payments, exceeding your credit limit, or returned payments. These fees can add up quickly, so be sure to make your payments on time and within your credit limit to avoid them.

5. Terms and conditions: Finally, the cardholder agreement contains a number of other terms and conditions, such as information on how to report lost or stolen cards, how to dispute charges, and how to cancel your card. It`s important to read and understand all of these terms before signing up for the card.

Overall, the TD Cash Back Infinite card can be a great option for those looking to earn cash back on everyday purchases. However, it`s important to fully understand the terms and conditions outlined in the cardholder agreement to ensure you`re making informed financial decisions.