TD Cash Secured Credit Card Reviews: Is It Worth It? (2025)Reviews, rates, fees, and rewards details for The TD Cash Secured Credit Card. Compare to other cards and apply online in secondsJohn KiernanWalletHubHigh rewards rateLow membership feesQualify with bad creditHigh regular APRForeign feeRequires security deposit
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
TD Cash Secured Credit Card has a rating of 3.7/5 according to our proprietary credit card rating system. This rating reflects how appealing TD Cash Secured Credit Card's terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Rebuild Damaged Credit by Paying in Full Each Month'. To break it down further, TD Cash Secured Credit Card earned a score of 3.3/5 for Fees, 5.0/5 for Rewards, and 3.8/5 for Cost. Info about the TD Cash Secured Credit Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
Fees 3.3/5
Rewards 5.0/5
Cost 3.8/5
Other Features 3.3/5
KEY TERMS
Credit Score
Credit Score
Bad Credit
Minimum Security Deposit
$300
Fees
One-Time Fees→$0
Annual Fee→$29
Monthly Fee→$0
APR on Purchases
26.99% (V)
Rewards
Earn 3 points per $1 spent (equivalent of 3% cash back) and 2 points per $1 spent (equivalent of 2% cash back) on your choice of spend categories. Plus, you can switch your categories quarterly.
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.
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Market Comparison
3.7
fees: 3.3
rewards: 5.0
cost: 3.8
Other Features: 3.3
4.7WalletHub Rating
WalletHub Rating
4.7
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
5.0
User Reviews
3.7
Market Comparison
4.8
fees: 5.0
rewards: 5.0
cost: 5.0
Other Features: 3.0
3.9WalletHub Rating
WalletHub Rating
3.9
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Can't find what you are looking for? Submit your question about TD Cash Secured Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
No, you cannot get a TD Cash Secured Credit Card with an ITIN (Individual Taxpayer Identification Number). According to customer service, only U.S. residents with a Social Security Number (SSN) are allowed to apply for the card.
If you're looking for a similar card that you can get with an ITIN instead of SSN, then consider the Capital One Quicksilver Secured Cash Rewards Credit Card. It requires a refundable security deposit, but it offers 1.5 - 5% cash back on purchases and it has a $0 annual fee.
You cannot check for TD Cash Secured Credit Card pre-approval. TD Bank does not offer pre-approval for this card through its website, although it's possible you could receive an offer for the card by mail if TD Bank decides to send one to you. In that case, all you have to do is visit the website listed in your pre-approval letter and enter the invitation code included with your offer.
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...
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....
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...
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...
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christy RR @christycarone
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1 Star Rating
I give one star because this card helped me raise my credit score, but any card would do the same. Customer service is poor. The card is blocked for fraud every other day for perfectly normal transactions that TD flags as suspicious. Customer service is rude and never provides a valid explanation. I have wasted countless hours on the phone getting transactions to go through. After depositing $2,500, TD paid me 45 cents in interest over 11 months and constantly blocked usage of the card. It's not worth the aggravation.
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Jennifer @jenniferjdubois1315
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5 Star Rating
Verified Customer
This card has helped me to raise my TransUnion credit score 40 points and my Equifax about 25 points in one year! So I’m beyond happy that I chose to take a chance on this card. I’m also quite grateful to my TD Bank rep for advising me to apply for it. I opened it as a secured card with a $300 deposit for that secured amount. In less than one year TD Cash Secured gave me my money back and opened up the account as an unsecured credit card. Thank you TD Cash Secured! You’ve been a great benefit to my credit score and a great credit card!
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Yehoshua Z Wenger @Yehoshuazwenger
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2 Star Rating
Verified Customer
They shut my card down for fraud right after I got it and used it once and then they did it again a week later and I had to go to the branch 3 times to get it opened.
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jordanbutt @jordanbutt
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1 Star Rating
I have had possibly the worst customer service experience with this TD Bank card. 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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* The information about the following cards has been independently collected by WalletHub: U.S. Bank Cash+® Visa® Secured Card, Bank of America® Customized Cash Rewards Secured Credit Card, Amazon Secured Credit Card, Bank of America® Unlimited Cash Rewards Secured Credit Card, and TD Cash Secured Credit Card.
