The Best TD Bank Business Credit Card and Its Competitors Reviewed

Anisha Sekar

Anisha Sekar

Credit Card Specialist at Fundera
Anisha Sekar is a personal finance expert who led NerdWallet's credit and debit card business. She has written for U.S. News and Marketwatch, and featured in Time, NPR's Marketplace, CNN, and more. She currently writes about everything from getting out of debt, to saving for retirement, to finding affordable health insurance.
Anisha Sekar
Advertiser Disclosure

Looking for a solid, no annual fee, cash back card? A TD Bank business credit card will likely have you covered. More specifically, the TD Business Solutions Visa has probably got what you’re looking for.

With cash rewards and a signup bonus, this TD Bank business credit card is an attractive option for businesses that are just starting out and aren’t ready to commit to a hefty annual fee, or local businesses that rarely spend on travel.

But is it the best business credit card out there? Let’s take a look. We break down the TD Business Solutions credit card and compare it to top cards offering cash back, low APR, and travel benefits. See how it stacks up against its competitors:

TD Business Solutions Visa Overview

The TD Bank Business Solutions Visa offers a flat 1 point per $1 spent. Plus, to start you out, you’ll get $200 cash back when you spend $3,000 in the first 90 days after account opening.

With this TD bank business credit card, you can redeem your points at a rate of 1 cent per point. The points you earn will be redeemable for cash back, gift cards, and travel. But keep in mind, the points’ value doesn’t vary.

There’s no annual fee, but foreign transactions and balance transfers will set you back 3% and 4% respectively.

Finally, you also get 12 months of 0% interest on purchases and balance transfers. After that, your ongoing APR will be 13.74%, 18.74%, or 23.74% (depending on your creditworthiness).

The main benefit of this TD Bank business credit card is the one-two punch of 0% introductory APR and rewards. If you need to make a big purchase and pay it off over time, this is a good option. However, whether you’re looking for no-hassle cash back, travel rewards, or 0% interest, there’s a better option out there for you. Here are the criteria you should consider while deciding on this TD bank business credit card:

The Rundown on this TD Bank Business Credit Card:

Get the TD Bank business credit card if:

Skip the TD Bank business credit card if:

  • You want to make a big purchase and pay it off over time. The Chase Ink Cash has the same 0% APR period as the TD Bank card but offers much better rewards.
  • You want to maximize your cash back rewards. The American Express SimplyCash offers a stellar rewards rate on typical business purchases.
  • You travel often. The Chase Ink Business Preferred is one of the best options out there for business travelers.

How Does this TD Bank Business Credit Card Compare?

TD Business Solutions Visa vs. Chase Ink Business CashSM

The Ink Business CashSM offers a high rewards rate on typical business purchases, shelling out:

  • 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cell phone, landline, internet, and cable TV services spent annually
  • 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants spent annually
  • 1% cash back everywhere else

Plus, you get $300 cash back when you spend $3,000 in the first three months.

The card has no annual or employee card fees. You’ll also get 12 months of 0% APR (your ongoing interest rate will vary depending on creditworthiness and the market Prime Rate).

With the same 0% APR period as the TD Bank card and far better cash back rewards, this is our choice for businesses needing a zero-interest credit card.

Verdict: If you want to make a big purchase and pay it off over time, the Ink Cash offers affordable financing as well as great rewards.

TD Business Solutions Visa vs. American Express SimplyCash® Plus Business Credit Card

The American Express SimplyCash® Plus Business Credit Card also offers great cash back rewards with no annual or employee card fees.

You’re looking at:

  • One of the two longest 0% intro APR periods, at 15 months of no-interest balances
  • 5% cash back on the first $50,000 spent annually on office supply store purchases and wireless telephone services
  • 3% cash back on the first $50,000 spent annually on one of eight spending categories (which include restaurants, advertising, and gas)
  • Unlimited 1% cash back everywhere else

The SimplyCash boasts a 0% APR period—15 months of zero interest on purchases and balance transfers. After that, your APR will be a variable rate based on your creditworthiness. See the issuer’s terms and conditions for the latest APR information.

For bigger spenders on typical business purchases, the SimplyCash offers great rewards and no annual fee.

Verdict: If the Chase Ink Cash’s spending caps are too restrictive, give the SimplyCash a try.

TD Business Solutions Visa vs. Chase Ink Business PreferredSM

The Chase Ink Business PreferredSM is one of the best options out there for business travelers.

With a relatively low annual fee, you get a killer signup bonus, solid ongoing rewards, and the ability to transfer your points one to one with a number of airline and hotel loyalty programs.

To start you off, you get 80,000 Chase Ultimate Rewards Points when you spend $5,000 in the first three months of cardmembership. Going forward, you’ll earn 3 points per $1 on the first $150,000 spent on combined purchases in travel, shipping, telecommunications (Internet, cable, and phone services), and advertising with social media sites and search engines; plus an unlimited 1 point per $1 elsewhere.

The card comes with a $95 annual fee but no foreign transaction or employee card fees.

The best part about the Ink Preferred? You can transfer your Ultimate Rewards Points at a one-to-one rate to Chase’s airline and hotel partners. These include big names like Southwest, British Airways, Hilton, and United.

Your points are worth 1 cent each if you redeem for cash back, gift cards, or other cash-like options. Meanwhile, they’re worth 1.25 cents each if you redeem for travel booked through Chase’s online portal. But if you strategically transfer your points to airline or hotel programs, depending on the cash price of the ticket or stay, you could be looking at a value upwards of 3 cents per point.

That great signup bonus is worth $800 in cash-like redemptions, $1,000 of travel booked through Chase, and potentially much more if you redeem wisely.

Verdict: The good redemption options and signup bonus make the Ink Preferred a better choice for business travelers.

Is This TD Bank Business Credit Card Right for You?

There you have it—the best TD Bank business credit card lined up against all of its competitors. The way we see it, unless you’re working with a pre-established relationship with TD Bank and are hoping to use it to waive the personal guarantee, you’ll likely have a better option for a no annual fee business credit card with a rewards program. Whether you’re looking to save as you spend with cash back, find the most reasonable APR possible, or rack up travel points, be sure to consider all your business credit card options to find the right one for you.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
Anisha Sekar

Anisha Sekar

Credit Card Specialist at Fundera
Anisha Sekar is a personal finance expert who led NerdWallet's credit and debit card business. She has written for U.S. News and Marketwatch, and featured in Time, NPR's Marketplace, CNN, and more. She currently writes about everything from getting out of debt, to saving for retirement, to finding affordable health insurance.
Anisha Sekar

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