TD FlexPay Credit Card review
Enjoy flexibility with a lengthy APR offer, late fee forgiveness, and Visa benefits.
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Key Features
descriptionEditor Analysis:
- Plenty of time to pay off that old credit card debt: enjoy 0% introductory APR on balance transfers for the first 18 billing cycles after you open the account (then reg_apr,reg_apr_type)
- Nice if you need to use it: late fee forgiveness. If you're charged a late fee, it will be refunded (a once-each-year perk).
- There is no annual fee.
- This is not a rewards credit card so if you’re looking to earn rewards on purchases you might want to consider another option.
If you sometimes struggle with your cash flow and wish you had a credit card from a company who understood that sometimes your credit card bill can’t be your first priority – that maybe rent and food need to come first – then you may be interested in the card_name. Like the name suggests, it’s flexible (a little) on when you make your payments.
What is a flex pay credit card?
A flex pay credit card can mean a lot of different things. Some credit cards that are called flex pay credit cards have a feature that works like a personal loan, where you can pay for purchases over a period of time in fixed, equal monthly payments (just like your car loan is the same every month). Flex pay credit cards, like the card_name, can also refer to features such as allowing a cardholder to choose their own payment date or perks such as late fee forgiveness.
What are the benefits of the card_name?
The main benefits with the card_name are as follows:
- It has a generous balance transfer offer. You can get a balance_transfer_intro_apr,balance_transfer_intro_duration
- Receive late fee forgiveness. Every year, if you’re charged a late fee, you will get it refunded later. Because late payments can impact your credit score, you don’t want to pay your credit card bill late, but if it happens, at least one fee a year, you’ll get that money back.
- There is no annual fee.
- You’ll also receive perks such as cell phone protection as long as you are paying your phone bill with your card, and lost luggage reimbursement when booking travel with your card.
Potential downsides of the TD FlexPay Credit Card
As with any credit card, there are some shortcomings of the card_name.
- There are no rewards.
- There is no welcome bonus.
- The 0% APR introductory period is only for balance transfers and not purchases.
- There is a foreign_transaction_fee foreign transaction fee, so it’s not great for international travel.
How does the card_name compare to other credit cards?
card_name vs. card_name
The card_name is an excellent card for people who want to transfer an existing balance on a different credit card and take up to 18 billing cycles to try and pay it off. The card_name, meanwhile, is a really good credit card for somebody who would like to focus on earning rewards.
That said, card_name does also have a strong balance transfer offer of 15 billing cycles (then reg_apr,reg_apr_type)
card_name also has a $150 welcome bonus after you spend $1,000 in the first 90 days of opening the account – and you’ll earn 2% cash back on all eligible purchases (virtually everything is eligible, except for a few exceptions like lottery tickets and casino gaming chips).
Still, if you sometimes struggle to pay your bills, TD FlexPay may be the better option, with its late fee forgiveness feature.
Neither card has an annual fee.
card_name vs. card_name
card_name and card_name are pretty evenly matched, with each card having its own selling points. Citi is a CardRatings advertiser.
Both credit cards offer a 0% APR introductory period for balance transfers – and they both last for 18 months/billing cycles. For the card_name, reg_apr,reg_apr_type applies once the introductory period expires. Neither card has an annual fee.
The card_name offers a 2% cash back rewards program. You’ll get 1% cash back the moment you make a purchase and 1% cash back once you pay off the purchase. Rewards are unlimited.
The TD FlexPay doesn’t offer rewards, but it does offer cash-strapped cardholders a break, though, with its late fee forgiveness feature (you get one late fee each year reimbursed). Interest will continue to add up during those times, and so it’s your best interest to make your payments, but TD FlexPay lives up to its name in offering flexibility to people who are struggling to make payments.
Is flex pay worth it?
As with any credit card, whether a flex pay card like the card_name is worth your time, depends on your financial goals.
If you could use some help in paying off a credit card balance, the card_name could be a lifesaver. You can take advantage of its 0% APR balance transfer introductory period for 18 billing cycles and try to pay it off in that amount of time. Just remember that regular APR applies once the promotional period expires (reg_apr,reg_apr_type)
Our Methodology
Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents’ scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.