The Offer
The TD Bank Business Solutions Visa credit card has an increased signup bonus:
Earn 5% Cash Back on all eligible purchases for 6 months or up to $10,000 in spend, up to $500 in Cash Back value.
Plus, earn $250 Cash Back in the form of a statement credit when you spend $1,500 within the first 90 days after account opening.
Card Details
Card earns 2% cashback on all purchases
No annual fee
Only available to those in the following states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA
Our Verdict
Previous bonus was $400 with $3,000 spend. The new bonus is $250 with $1,500 spend in the first 90 days and also 5% back on up to $10,000 spend in the first 6 months. If you spend just $1,500 within 90 days you’ll end up with $325 cashback ($250+$75), and if you max this out the 5% bonus with $10,000 spend you can end up with $750 total ($250+$500).
I wouldn’t quite call it a full $750 bonus since the 5% is broken down to 2% standard cashback and additional 3% bonus cahsback, but you will end up with $750 cashback on $10,000 spend which is a 7.5% rate of return. This might be interesting for big spenders.
It seems the card is a flat 2% card now, after having gone through various iterations in the past.
Keep in mind, last we know the bank DOES report business cards to your personal credit bureau. You can read more about TD Bank credit cards by clicking here. We’ll add this to our list of Best Current Business Credit Card Signup Bonuses.
Hat tip to terpdeterp