TD Emerald Flex Rate Visa Card Review
Recommended Credit Score:
670 900
Average to Excellent
$0
Welcome Bonus Value
$25
Annual Fee
12.75%
Purchase Interest Rate
NA
Min Personal Required
TD Emerald Flex Rate Visa Card
My Rate Compass Rating: star star star star_outline star_outline (3)
Bank Name:TD Canada Trust
Network Type:VISA
TD Emerald Flex Rate Visa Card
Welcome Bonus
Annual Fee
$25
TD Emerald Flex Rate Visa Card
Card Details

Save on interest at a preferred low variable annual interest rate

Enjoy the same low interest rates on all your Purchases and Cash Advance transactions

Option to purchase Travel Medical Insurance and Trip Cancellation and Trip Interruption Insurance4

Enjoy all of the benefits of your TD Emerald Flex Rate Visa Card using Apple Pay. It's an easy and secure way to pay.

Insurance
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance No
  • Vehicule rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
Fees and Eligibility
Fees
  • Annual Fee: $25
  • Additional Card Fee: $0
  • Purchases Interest Rate: 12.75%
  • Cash Advance Interest Rate: 12.75%
Eligibility
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star_outline star_outline (3)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

Purchase Security and Extended Warranty Protection: You automatically have access to Purchase Security and Extended Warranty Protection, which includes coverage for eligible items you've purchased with your Card, should they be stolen or damaged within 90 days of purchase.

Save with Avis Rent A Car and Budget Rent A Car. Use your TD Credit Card to save a minimum of 10% off the lowest available base rates in Canada and the U.S., and a minimum of 5% off the lowest available base rates internationally, on qualifying car rentals at participating Avis and Budget locations.

Optional TD Auto Club Membership

Editor's Review

 

This is a unique credit card from TD that rewards cardholders with good credit. This card carries a $25 annual fee for the primary cardholder. Additional cardholders are charged no annual fee.



This card's key feature is its low interest rate. But what's even more striking is how low the rate can be. This card's interest rate is not set. Rather, it's calculated for each individual cardholder based on the prime interest rate and the cardholder's creditworthiness.


As of March 2020, TD's prime interest rate was 2.450%. This card's final interest rate is then calculated by adding between 4.50% to 12.75% to the prime rate, depending on the applicant's credit history. Applicants with good credit receive lower rates. Thus, the overall interest rate for this card ranges from 6.95% to 15.2%.


There is no minimum income requirement to apply for this card. Applicants simply must be Canadian residents who have reached the age of majority in their province or territory.



The bottom line
: This card is perfect for Canadians with good to very good credit who frequently carry a credit card balance. If your credit is good enough to receive the lowest 6.95% interest rate, you could save a substantial amount of money in interest payments by switching to this card.

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