TD Low Rate Visa Card

The TD Low Rate Visa Card offers one of the lowest ongoing interest rates in Canada at 12.99%, making it a practical choice for those managing balances.

Last checked on June 12, 2026. We may earn a commission when you click through.

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✓ Low ongoing interest rate of 12.99% ✓ First year annual fee waived ✓ Widely accepted Visa network
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TD Low Rate Visa Card

Visa

Our Verdict

A solid option for those seeking low-interest credit without frills.

What it really costs

Annual feeFirst year free, then CA$29/year CA$25
APR Range 12.9% – 12.9%

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Who it's for

Ideal for Canadians looking to manage existing credit card debt with low interest, rather than for those wanting travel or cashback rewards.

Watch out

Consider alternatives if you prioritize rewards or travel benefits.

The good and the not so good

  • Low ongoing interest rate of 12.99%
  • First year annual fee waived
  • Widely accepted Visa network
  • Simple rewards structure
  • Good for balance transfers
  • Annual fee of CA$29 after the first year
  • No robust rewards program
  • Limited travel benefits
  • Higher rates for cash advances
  • Approval may require a good credit score

In-Depth Review

With an ongoing interest rate of **12.99%**, the TD Low Rate Visa Card is designed for those who prioritize low interest over rewards. The annual fee starts at **CA$25** for the second year, making it relatively affordable compared to many other cards. However, the lack of a rewards program might deter some users who seek benefits from their spending. Unlike more premium cards, this Visa does not offer travel rewards or extensive perks, limiting its appeal for frequent travelers. Users will find it beneficial for balance transfers given its low rate, but should be aware of higher cash advance rates that can quickly accumulate. Customer service reviews are mixed, with some cardholders reporting satisfaction with support, while others cite slow response times. For those who often carry a balance, this card provides a straightforward, low-cost solution, but it is not the best choice for the rewards-focused consumer. For more details, visit the official site at [TD](https://www.td.com/ca/en/personal-banking/products/credit-cards/low-rate/low-rate-visa-card).

Summary

The TD Low Rate Visa Card is a practical choice for those who prioritize low interest rates over rewards, with a straightforward fee structure.

What cardholders say

Cardholders appreciate the low interest rate but wish for more rewards and benefits.

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