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What is a Balance Transfer to a TD Credit Card and how does it work?

A TD Balance Transfer lets you use available credit from your TD Credit Card Account to pay the balance owing (in full or in part) on a non-TD Credit Card such as gas and retail store credit cards. The amount of that balance owing is then transferred to your TD Credit Card Account. 

The minimum transfer amount is $250. Please allow for 5 to 7 business days for processing. 

Please note: Unlike purchases, Balance Transfers are treated as Cash Advances and accrue interest from the date of posting. However, Balance Transfers are not subject to Cash Advance transaction fees. Please see your Disclosure Statement mailed to you with your Welcome Package for more details. 

What is the fee?

For TD Personal Credit Card customers (excluding Quebec) and TD Business Credit Card customers, fees only apply to promotional Balance Transfer offers. The fee is based on a percentage of your total Balance Transfer amount. For example, if the fee is 2% and you transfer $3,000.00, your fee will be $60.00. Make sure you have enough available credit to cover the transfer amount and the fee. 

How long does it take?

We update your available credit limit immediately, however, it can take up to 7 days to completely process your Balance Transfer request. The deadline for cancelling a request is midnight on the same day you request a Balance Transfer. If you need to cancel a request, simply call TD Credit Cards.

While in progress, the available credit on your TD Credit Card is updated to show the Balance Transfer amount added. The Balance Transfer amount and the fee will appear as two transactions in your card activity.

Which non-TD Credit Cards are eligible?

Most major credit cards, gas cards, retail and department store cards are eligible for Balance Transfers.

Where can I request a Balance Transfer?

You can request a Balance Transfer on EasyWeb, the TD app or by calling TD Credit Cards.

Other things to keep in mind

  • Balance Transfers can't be used to repay other TD Credit Cards, and don't automatically close the non-TD Credit Card Account that you used the Balance Transfer for
  • If we do not receive the Minimum Payment before or on the Payment Due Date and before the date on which we prepare your next monthly statement twice within any 12 consecutive statement periods, then you will also lose the benefit of any promotional rate offer you are participating in. Please refer to the Terms and Conditions to learn more.
  • Continue to make regular payments to your existing credit card until your Balance Transfer is approved.
  • If you have entered an amount for any balance transfer(s) that is not a whole dollar figure but instead includes cents (e.g., $25.01 or $25.53 and not $25.00), your total balance transfer calculation for each such balance transfer will be rounded up to the nearest dollar and therefore your actual available credit may be inaccurate by as much as $0.99 (depending on the amount you have entered) per each such balance transfer requested. This inaccuracy will be corrected on your Account Activity page by the next business day after your balance transfer request has been processed.

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