What is the best TD Bank business credit card?

No, TD Bank doesn’t offer a student credit card. TD Bank recommends that students interested in applying for a credit card get the TD Cash Secured Credit Card, which is designed for people with limited credit (and even bad credit). The TD Cash Secured Credit Card gives 1% cash back, on all eligible purchases. TD Bank also has checking and savings accounts designed specifically for students.… read full answer

If you’re approved for the secured card, you’ll open a TD Bank savings account and have 15 days to deposit funds. Your deposit, which must be at least $300, serves as your credit limit. You will not be permitted to deposit additional funds to increase your credit limit.

TD Bank also invites students to apply for its other consumer credit cards, as long as they have established at least fair credit. TD Bank’s store credit cards – including the Nordstrom Credit Card and the Target Credit Card – require only fair credit and figure to be the easiest to get.

Here’s how students can build credit with a TD Bank credit card:

• TD Bank does not have a student credit card. The best alternative is the TD Cash Secured Credit Card.
• The TD Cash Secured Credit Card requires you to put up a refundable deposit of $300 or more. But you get 1% cash back on all eligible purchases. There’s an annual fee, but it’s just $29.
• The Target Credit Card issued by TD Bank is another good option for students who have fair credit. You can only use it at Target, but you can buy a huge variety of products there. And, you get 5% off all purchases, free 2-day shipping and extended returns all for a $0 annual fee.
• Students who know someone with a TD Bank credit card can become an authorized user on their card.

Since there’s no TD student credit card, you can go for their secured card or store cards. But you should also consider getting a student card from another issuer. Journey Student Rewards from Capital One offers 1% cash back on all purchases, 1.25% if you pay on time, and has a $0 annual fee. And Discover it® Student chrome gives 1 - 2% cash back on purchases, doubles your rewards earned the first year, and gives a $20 statement credit as a reward each year your GPA is 3.0+, for up to 5 years. It has a $0 annual fee, too.

Whatever card you choose, just make sure not to get carried away. Spend responsibly and don’t use too much of your available credit. Also pay on time, and in full, every month.

More than 30 banks and credit unions offer secured credit cards, including 7 of the 12 largest credit card issuers.

Banks That Offer Secured Credit Cards

• Bank of America
• Capital One
• Citi
• Discover
• USAA (Visa and Amex)
• U.S. Bank
• Wells Fargo

A number of smaller banks and credit unions offer secured credit cards, too. They include Capital Bank, First Progress and Green Dot, among others. The major banks that do not offer secured cards are American Express, Barclaycard, Chase, PNC and Synchrony Bank.… read full answer

But remember, it’s not a secured credit card’s issuer that really matters. Your goal should be to find the card with the lowest possible annual fee, no matter who offers it. And you can achieve that goal by comparing secured credit cards using WalletHub's free comparison tool. You can also try our free CardAdvisor to get a personalized recommendation based on your answers to a few simple questions.