With the TD Bank Secured Credit Card, you hold the key to financial freedom firmly in your hands. Unlike traditional credit cards, this secured option requires a security deposit that serves as collateral, enabling you to embark on your credit-building journey with confidence. By responsibly managing your card, you can demonstrate your creditworthiness and pave the way for future financial success.
But that's not all! At TD Bank, we understand that your needs go beyond simply building credit. With our secured credit card, you gain access to a world of exclusive perks and benefits. Enjoy the convenience of making purchases online or in-store, and take advantage of our advanced security features for worry-free transactions. Plus, our cardholders have the opportunity to earn valuable rewards on everyday purchases, making every swipe more rewarding than ever before.
What truly sets the TD Bank Secured Credit Card apart is our unwavering commitment to your financial well-being. We provide you with the tools and resources you need to succeed on your credit-building journey. Our knowledgeable customer service team is available around the clock to assist you with any questions or concerns you may have. Additionally, we offer valuable educational resources to help you make informed financial decisions, empowering you to unlock a brighter future.
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Best Ways To Get TD Secured Credit Card
If you wonder how to get a TD secured credit card, you should not worry since there are just a few steps to obtain one. To proceed, you only need to visit the TD Cash Secured Credit Card application page. The steps below are necessary.
A. Apply online
You can get a secured credit card online. You only need to visit the application page and follow the steps below.
Apply for the card
You can apply for the TD Cash Secured Credit Card online. Once you open the application page, locate the “Apply Now” tab and enter the necessary details. You then wait for the approval.
Open a savings account.
After approval, you should open a savings account. Most secured credit cards require you to have an account where you should put your deposit. You will receive instructions on opening and putting money in your TD Simple Savings account. The amount you deposit will act as your security deposit.
Fund your savings account
When your savings account becomes active, you should fund it with a minimum of $300 to secure your card. You can obtain the funds from your debit card, another TD Bank account, or an external bank.
B. Visit a branch
Alternatively, one can visit the nearest TD Bank branch and apply for the card in person. You will still need to open a savings account to deposit the security of your card.
Qualifications & Application Process
The credit card does not require credit scores. You need to send an application for approval. After that, you can deposit at least $300 in your account to use as security for the card. Therefore, the only way to get the card is by depositing the amount after opening a savings account. Generally, the application process is as follows.
- Visit the card’s application page online or at a branch.
- Apply for the card
- Wait for approval
- Open a TD Simple Savings account
- Deposit security funds
- Receive your card and activate
Benefits TD Bank Secured Credit Card
Various benefits come with the card. They include the following.
- The card allows you to build your credit scores.
- Emergency card replacement when the card is lost
- Cell phone protection when your phone is lost or damaged
- Roadside dispatch
- Identity theft protection
TD Bank credit cards Alternatives
Apart from the TD Cash Secured Credit Card, you can still get other credit cards from the institution. They include the following.
1. TD Double Up Credit Card
The card allows you to earn 2% cash back and 1% when you buy with the card, plus 1% when you redeem into a qualifying TD Bank Deposit Account. Additionally, you earn $100 Cash Back after spending $1,000 during the first 90 days of account opening.
Application process & benefits
You can apply for the card online or visit the nearest TD bank branch to get it. The card comes with various benefits. You can receive rewards for buying goods and services with the card. Also, it has no annual fees, and thus you will be able to save big.
2. TD Cash Credit Card
You can get the card and earn $150 Cash Back after spending $500 in your first 90 days after opening your account. Also, you can earn 3% Cash Back when you use the card for dining.
Application process & benefits
Like the other cards, you can apply for the card online or at a TD Bank branch. The card comes with various benefits, such as;
- Cash-back rewards
- Low Introductory APR Offer
- Zero annual fees
3. TD business credit card
Suppose you operate a business and are looking for a credit card to fund your operations when in need. In that case, you can opt for the TD Business Visa Credit Card. The card charges an annual fee of $50. You can get a minimum credit limit of $1,000. It is possible to manage your TD Business Visa Account online to track your expenditure. Also, the card allows you to access insurance protection.
Application process & benefits
You can get the card from a TD Bank branch or apply online. You can even call the bank to apply. Benefits you can enjoy from the card include;
- Emergency Travel Assistance Services
- Common Carrier Travel Accident Insurance
- Delayed and Lost Baggage Insurance
- Chip and PIN technology
- Discounts on some business purchases.
How do I activate my new TD Credit Card?
Once you get your credit card, you must activate it to use the various services. To activate a TD Bank credit card, contact customer care at 1 (888) 561-8861. You can also call the number on the activation sticker of your card or visit the TD Bank activation website. Another way to activate a TD Bank credit card is through the mobile app.
Frequently Asked Questions (FAQs)
Does TD Bank have secured cards?
Collateral Account for the TD Cash Secured Credit Card: In order to establish and maintain the Secured Card account (the “Credit Card Account”), and in consideration of the issuance of the Credit Card Account, you must establish and maintain an individual TD Bank savings account (the “Collateral Account”) that you ...
What credit score do you need for a secured credit card?
No credit score No credit score required to apply. No Annual Fee, earn cash back, and build your credit history. Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
Can I put $10000 on a secured credit card?
A security deposit can range from $200 to $10,000, though it's rare to go anywhere over $1,000. At the beginning, your credit limit is equal to or lower than your deposit. You can raise your credit limit by adding to the deposit down the road.
Conclusion
In conclusion, the TD Bank Secured Credit Card is a valuable tool for individuals looking to build or rebuild their credit. Its features, including the minimum credit limit, cash back rewards, no annual fee, and credit bureau reporting, make it a compelling option for credit-conscious individuals. While there are some considerations, such as the requirement for a TD Bank checking account and a variable interest rate, the overall benefits of the card outweigh these drawbacks. If you are looking for a way to improve your credit score, the TD Bank Secured Credit Card is a worthy option to consider.