The TD FlexPay Credit Card is designed to be a helpful and forgiving tool that gives you the breathing room you need to get back on track. This card is built to be your partner in paying down debt. Its best feature is a very long interest-free period for the balances you transfer to it.
This means you can focus on paying down what you owe without high interest working against you. With some unique, user-friendly features and no annual fee, this card is a simple and less stressful way to take control of your finances.
Features That Give You Peace of Mind
- A Very Long Interest-Free Period: This is the most helpful feature. You get 18 months with a 0% introductory APR on balances you transfer from other credit cards. This gives you a year and a half to make payments without any interest being added to your balance.
- No Annual Fee: You get this wonderful benefit without having to pay a fee each year just to have the card. This helps you save even more money.
- Late Fee Forgiveness: A Safety Net: This is a truly special and reassuring perk. TD Bank understands that mistakes can happen, so they will automatically refund your first late payment fee each year. This can be a huge relief if you ever accidentally miss a due date.
- No Penalty APR: Here’s another great feature for your peace of mind. Unlike many other cards, a late payment will not cause your interest rate to jump up to a much higher penalty rate. This protects you from a single mistake becoming a major financial problem.
- Protection for Your Cell Phone: This is a wonderful extra benefit. If you pay your monthly cell phone bill with your TD FlexPay card, you get protection against your phone being stolen or damaged. This can save you hundreds of dollars on a new phone.
- See Your Credit Score for Free: The card gives you free access to your credit score. This is a great way to watch your score improve as you pay down your debt and see your hard work pay off.
Who Can Use This Helpful Card?
This card is a great choice for a U.S. resident who:
- Lives on the East Coast. TD Bank cards are generally for residents of Connecticut, D.C., Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, or Virginia.
- Has a primary goal of paying off existing credit card debt.
- Has a good to excellent credit score (usually a FICO score of 670 or higher).
- Is at least 18 years old and has a Social Security Number.
- Appreciates a card with simple, forgiving features.
How to Apply: A Simple Step-by-Step Guide
Getting started with the TD FlexPay card is a simple online process.
- Check if You Live in an Eligible State: The first step is to make sure you live in one of the states listed above where TD Bank offers cards.
- Visit the TD Bank Website: You can find the application on the official TD Bank website.
- Gather Your Information: Have the account numbers for the cards you want to transfer balances from ready to go.
- Fill Out the Easy Application: The online form is secure and will guide you through the process of providing your personal information and your balance transfer requests.
- Get a Quick Decision: You will often get a decision from TD Bank in just a few minutes.
Your Questions, Answered in Simple Terms
- Is there a fee to transfer my balances to this card?
Yes, there is a one-time fee. For the first 18 months, the fee is 3% of the amount you transfer. So, if you transfer $1,000, the fee would be $30. This fee is usually much, much less than the interest you would pay on your old card. - What happens if I accidentally miss a payment?
The first time you are late on a payment in a year, TD Bank will automatically refund the late fee, which is a great safety net. However, it is very important to know that the late payment itself can still be reported to the credit bureaus and could hurt your score. It’s always best to set up automatic payments to be safe. - Can I use this card for my everyday shopping?
It is not recommended. The 0% interest offer is only for balance transfers. Any new purchases you make will have the standard interest rate right away. To keep things simple and avoid new interest charges, it’s best to use this card only for paying down the balance you transferred. - Does this card have any rewards like cash back?
No, this card does not have a rewards program. Its value comes entirely from the huge amount of money it can save you in interest charges, and from its other helpful, forgiving features.
