Do you want to grow your business and achieve your goals? Do you need a convenient and flexible way to manage your cash flow and expenses? Do you love to travel and earn rewards for your spending? If you answered yes to any of these questions, then you may be interested in applying for a TD Business Credit Card.
TD Bank offers four types of business credit cards that cater to different preferences and needs. Whether you want to save on interest, earn cash back, or enjoy travel perks, know that there is always a card for you. Read this guide from beginning to the to learn how to get a TD Business Credit Card in five easy steps.
Learn how to choose the right card for your business, gather the required information, apply online, by phone, or in person, wait for approval and receive your card, and enjoy the benefits of your card. By the end of this guide, be ready to take your business to the next level with a TD Business Credit Card. Are you ready? Let’s get started!
To know how to get TD Bank business credit cards:
- Understand TD Bank’s Scope of Operations
- Choose the Right Card for Your Business
- Gather the Required Information
- Apply for the Your Preferred Card
- Wait for Approval And Receive Your Card
- Enjoy the Benefits of Your TD Business Credit Card
1. Understand TD Bank's Scope of Operations
To obtain TD Bank business credit cards, understand TD Bank’s scope of operations. TD Bank is a large and diversified financial institution that operates in fifteen U.S. states and Washington, D.C. It has over 1,100 stores and 2,600 ATMs across these regions. It is the seventh-largest U.S. bank by deposits and the 11th-largest bank by total assets. TD Bank offers a wide range of products and services for personal, business, and commercial banking customers.
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2. Choose the Right Card for Your Business
To secure TD Bank business credit cards, choose the right card for your business.
Before you apply, compare the features and benefits of each TD Business Credit Card and decide which one suits your business best. Here is a brief overview of the four cards:
- TD Business Travel Visa Card: Choose this card if you are a frequent traveler who wants to earn and redeem points for travel, merchandise, gift cards, or cash back. You can earn up to 175,000 TD Rewards Points and enjoy no annual fee in the first year. You can also access travel insurance, emergency assistance, and concierge services. This card has an annual fee of $149 and an interest rate of 19.99% on purchases and 22.99% on cash advances.
- TD® Aeroplan® Visa Business Card: This card is perfect for loyal Air Canada customers who want to earn and redeem Aeroplan points for flights, hotels, car rentals, and more. You can earn up to 65,000 Aeroplan points and enjoy no annual fee in the first year. You can also enjoy travel benefits such as Air Canada priority check-in, a free first-checked bag, and one annual Maple Leaf Lounge guest pass. This card has an annual fee of $149 and an interest rate of 14.99% on purchases and 22.99% on cash advances.
- TD Business Cash Back Visa Card: Pick this card if you are a cashback lover who wants to earn unlimited 2% cash back on all eligible purchases. You can invest your cash back dollars into your business or redeem them for statement credit. This card has no annual fee and an interest rate of 19.99% on purchases and 22.99% on cash advances.
- TD Business Select Rate TM Visa Card: Select this card if you are a budget-conscious business owner who wants to save on interest with a low rate of 11.99% on both purchases and cash advances. You can access credit limits up to $50,000 and enjoy flexible payment options. This card has no annual fee.
3. Gather the Required Information
To apply for TD Bank business credit cards, gather the required information. Once you have chosen the card that meets your needs, you need to gather some personal and business information to fill out the application form. The information you need includes:
- Personal information: name, address, Social Security number (SSN), phone number, email, annual income
- Business contact info: phone number, email, mailing address
- Legal name of business: for LLC or S- or C-corp. For a sole proprietor, it’s the business owner’s legal name
- Business federal tax ID. It is your nine-digit federal employer identification number (EIN). Otherwise, use your SSN
- The North American Industry Classification System (NAICS) code for your industry. The application may provide a list from which to choose. Still, it’s good to know the code in advance for certainty’s sake
- The business legal structure: corporation, partnership, nonprofit, LLC, cooperative, etc. You’ll include business owners/controllers as well. If you’re an unregistered one-person business, it’s probably a sole proprietorship
- Revenue: This must be your prior-year annual revenue before taxes/expenses
- Years in business and your roles, such as owner or partner.
4. Apply for Your Preferred Card
To access TD Bank business credit cards, apply for your preferred card. Understand that you have three options to apply for a TD Business Credit Card: online, by phone, or in person.
- Online: Applying online is the easiest option. All you need to do is visit the TD Bank website, select the card you want, and click on “Apply now”. Then, follow the instructions and provide the required information. Expect an immediate response if your application receives approval or a notification that it requires further review.
- By phone: You can also call (888) 561-8861 and speak to a customer service representative who can guide you through the application process. You need to provide the same information as the online application and answer some security questions. Expect a decision within minutes or a notification that it requires further review.
- In-person: Visit a TD Bank branch near you and apply for a TD Business Credit Card with the help of a banking specialist. You need to bring your personal and business documents with you and fill out a paper application form. Expect a decision within a few days or a notification that it requires further review.
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5. Wait for Approval And Receive Your Card
To acquire TD Bank business credit cards, wait for your approval and receive your card.
After you submit your application, you have to wait for TD Bank to review it and verify your information. Depending on the method of application and the card you choose, this may take from a few minutes to a few days. Await an email or a phone call from TD Bank informing you of the status of your application. If your application is approved, you also receive your credit limit and other details about your card.
Once you receive approval, expect your TD Business Credit Card in the mail within 7 to 10 business days. Remember to activate your card before you can use it. You can activate your card online, by phone, or at any TD Bank ATM.
6. Enjoy the Benefits of Your TD Business Credit Card
Congratulations! You have successfully applied for and received your TD Business Credit Card. Now you can enjoy the benefits of your card and use it to manage your business expenses. Here are some tips to make the most of your card:
- Review your card agreement and terms and conditions carefully and understand your rights and responsibilities as a cardholder
- Set up online banking and mobile banking to access your account anytime, anywhere
- Register for paperless statements and alerts to stay on top of your transactions and payments
- Pay your balance in full every month or at least make the minimum payment on time to avoid interest charges
- Redeem your rewards or cash back regularly and use them for your business needs or personal enjoyment
- Contact TD Bank customer service if you have any questions or issues with your card.
Recap
To qualify for TD Bank business credit cards, familiarize yourself with TD Bank’s operational scope and select the appropriate card for your business. Collect the necessary information and submit your application for your chosen card. In addition, await approval and the arrival of your card. Then, take advantage of the benefits offered by your TD Business Credit Card.
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