Additional information of TD Cash Secured Credit Card
Starting, maintaining, improving and rebuilding your credit history is very important for your personal finances, since having a high score allows you to access more complex financial instruments, such as mortgage loans that allow you to purchase a home, in addition to getting more favorable terms on all forms of financing you use.
To do this, TD Bank offers TD Cash Secured Credit Card, which is similar to the TD Cash Card, but with this one you will pay an annual fee of $29 and you will have to make a deposit in a TD Bank savings account that will serve as collateral for the credit line of the card.
At the time of application the bank will tell you what credit limit you can have, between $300 and $5,000 USD, and that is the amount you will have to deposit into the TD Bank savings account. Once the money is deposited, it will be frozen and your card will be mailed to your home.
If you make your card payments on time, you'll be able to improve your credit history, or start one if you don't already have one.
Plus, with the TD Cash Secured card, you'll get 1% back on selected purchases you make.
Español: Tarjeta de crédito TD Cash Asegurada