 Hello everyone, this is financial author Amit Dan of amitdan.com. On this channel, you'll find financial travel and more videos just like the one you're watching right now. If you like what you see, please give it a thumbs up and consider subscribing. TD Cashback Visa Infinite Card Hello everyone, this is financial author Amit Dan of amitdan.com. Today, I'll have another episode of credit card unboxing and brief review and I'll be talking about the TD Cashback Visa Infinite Credit Card. Before I start, I'd like to mention that you're expecting this episode to be 10-13 minutes long and I'd like to let you know that you'll find many or different credit card reviews online or on YouTube. However, there are differences between those and mine. The first difference I'd like to mention is that the review or unboxing I do for credit cards, they're totally honest and unbiased due to the fact that they're not affiliated with any credit card companies and any credit card companies have not paid anything to do these reviews. So what you get is honest and unbiased opinion to make informed decision. Now you come across so many reviews online and all of them I would say about 99% or 95% of them actually affiliated. What it means that they'll give you a link to the credit card on their website and then once you click on that link or you sign up for the credit card, they make money from the credit card company or some of them even just paid by the credit card companies. So they'll not give you the honest opinion or the truth about these credit cards. There are lots of credit cards which are rating the best travel credit cards, the best cashback credit cards, but if you read those, you'll see that all of them are affiliated and although they'll not tell you that they're taking money from the credit card companies and they'll talk about good things about the credit card companies because the more they talk about good things and the more people will sign up and the more people will make money. So do not trust these websites who are giving you ratings of Canada's best travel credit cards or cashback credit cards and so on. I have had other YouTube videos on that one and I'll provide some other, some links in the description box below. So let's start with the cashback Visa Infinite credit card. So the cashback, TD cashback Visa Infinite credit card is comparatively a new credit card on the Canadian credit card market and right now they have a promotion which is you will get 6% cashback on groceries, gas and recurring bill payments for the first three months and there is a total maximum threshold of $3,500. So if you spend $3,500 within the first three months on these categories then your return is going to be 6% instead of the regular 3% return which is not bad and also for the first year the annual fee is waived. So I'll talk about more as we go through the unboxing so let's start with opening the envelope. So this is how it looks like. This is a big and bulky envelope. So we'll take out the whole thing and I'll put it here. So we have the front page which I'll set it aside for now. Let's go to the brochure and other stuff in here. So first thing I'll start with this one, credit card balance protection insurance. This is just a way to make you buy additional products or services which you do not need. So this type of balance protection insurance you never need. So I do not encourage you to actually buy these insurances. So I don't seem to go into details so I'll just put it here. And then we have the TD Auto Club Membership Handbook. Okay so this feature actually is included with your credit card. The annual fee is $120 and you get a free membership to TD Auto Club. And what it does that I believe it gives you some features for example free towing or emergency helpline. Let's see if I can get something here. Okay so here we have some phone numbers and we have here some information. Okay so here it covers you when you're driving any car anywhere in Canada and in the continental United States. Okay let's see if they're mentioning what you actually get. Okay I don't see anything here. Okay let's move on to the next page. Actually yes we have here emergency road towing services. Let's see how many tows you get per year. Emergency service call up to 200 kilometers and if you have a dead battery you require a tire change and you require delivery of gas to a standard vehicle then you can call this number and you'll get reimbursed for $250 per call. And then there's lockout service and then there's reimbursement for $100 per call for that and breakdown of towing. So if you need towing up to 200 kilometers then you'll get reimbursed for $250 per call. Okay so what it is that it's not giving you completely free towing rather it's giving you $250 of certain dollar amount reimbursement for towing or lock services or flat tire services. So that's for you up to decide whether you think there's value in this however the annual fee is $120 so if you have a car these options might come in handy. And there are other options about the towing or emergency road assistance services which I'll not go through into details. So they have traffic accident emergency services and other options. Okay so this one I'll just put it aside for now. Another credit card which is the BMO world elite cashback credit card has similar option. However I do not have any review or unboxing for that card yet. Okay so we have here TD cashback visa infinite card holder agreement and benefit coverage guide and let's go through it very quickly. So it just talks about the minimum payment, balance protection, unauthorized transactions, foreign currency transaction. Most of the Canadian cards charge 2.5% foreign currency. The only Canadian travel card that does not charge in foreign currency would be the Marriott visa premier card which I did unboxing recently. You can check it on my channel and here we have all other information. I do not need to go through this but let's see. If we have anything else that important here. So it just gives you outlines of the cashback program terms and conditions and we have this okay this card actually has emergency medical insurance which is a very good thing to have for a cashback credit card. However it will not give you other travel insurances such as trip interruption, trip cancellation, flight delay, lost luggage. So if you are looking to travel you would say it's better to have a travel credit card which gives you all travel insurances plus emergency medical travel insurances. Okay so here they are just talking about all the benefits of the emergency medical insurances and let's see what we have here actually I'm sorry my apology looks like this card has delayed and lost baggage insurance which I did not expect it to have so it's a good thing let's see if it has any other insurance travel insurances okay so emergency travel assistance services that's very that's actually nothing to brag about most credit cards have that auto rental coalition and lost damage insurance that's another insurance you get with this card okay so it looks like there is purchase security and extended warranty protection which is another good insurance when you buy something you're protected and this additional extended warranty which is going to be the manufacturers one year warranty plus another additional warranty so that's a good thing to have so in terms of travel insurances you are just getting the emergency medical and lost baggage and baggage delay let me take a look here sorry delayed and lost baggage insurance these two so because this is not a travel credit card but although it's a good thing that they're giving you these options just to you know hold on to these cards now we'll go back to the main page the main front cover and then it tells you that this is the regular point of structure or reward structure of this credit card you get 3% on cashback on groceries gas and recurring bill and for everything else you get 1% now the 3% on recurring bill I I don't remember any other Canadian card has that higher rate of return on recurring bill the other card would be the Scotia momentum visa infinite cashback card which gives you 2% return on recurring bill payment so this card actually goes 1% higher and then gives you 3% on recurring bill payment and 3% on groceries gas and the Scotia momentum visa infinite actually gives you 4% on groceries and I believe gas and there's something else which I can remember right now but in terms of recurring bill payment this has higher rate of return okay so it just tells you the same thing again here that TD Auto Club membership travel insurances for example emergency medical lost and delayed luggage and then here some other basic information and here's the card I'll show you within a second let's take a look here so here just a generic letter welcoming you to have this card it's nothing special here and here they're just giving you the credit limit interest rate minimum payment annual fee which is $120 for this card and $50 for each additional card and here are some other features or disclosure they are they have to make okay so let's take out the card now okay so this is the TD cashback visa infinite credit card this is an infinite series credit card it has higher income requirement and you'll get visa infinite benefits such as 24 7 concierge service and other infinite benefits quickly wrap it up everything so this is a cashback credit card not a travel credit card and the other credit card or there could be more but the other credit card I can think of which has a higher return than this card is this kosher momentum visa infinite card which has 4% on groceries and but however this card gives you 3% on recurring bill payment and it's kosher momentum visa infinite gives you 2% on recurring bill payment and it has added benefits such as TD Auto Club membership emergency medical insurance lost luggage and delayed luggage insurance and then there's the extended warranty and purchase warranty insurance so it has a few other benefits and the cashback is the main feature to have this card now if you have been watching my channel that I you know that I mentioned in the past that the way you can maximize your viewers from credit cards is to use travel viewers great cars not a cashback credit card for but for those who do not want to use points and miles or travel points then cashback credit card is the way to go and this is in another edition to the Canadian credit card market and that's all for today there will be more review or videos like this coming up so please subscribe my channel and if you like what you see please give it a thumbs up and consider subscribing