Tag Archives: TD Bank

My TD Bank Connect Card Shutdown Letter & 1 Month Grace Period

Good morning everyone, happy MLK Jr. Day.  I hope you are having a great holiday weekend.  Don’t forget to enter my giveaway for a chance to win a $10 Amazon eGift Card. By the time you read this post, I will be somewhere in Central America.  A long time ago, I had a TD Bank checking account (thank you for the $200 checking account bonus, TD Bank) and I signed up for a TD Bank Connect Card.  The TD Bank Connect Card is a prepaid reloadable debit card which can only be funded with a TD Bank credit card (I used my TD Bank Aeroplan Credit Card as the funding source).

After several months of using my TD Bank Connect Card (and racking up Aeroplan miles on the credit card), I received the following letter from TD Bank stating that they were going to close my TD Bank Connect Card due to unusual activity (apparently loading and withdrawing funds from a prepaid reloadable debit card is unusual).  Luckily, TD Bank sent me the letter in early December and told me they were going to close my TD Bank Connect Card on January 4, 2018.  I’m not sure why they gave me a full month of use after they determined that they were going to close my card, but TD Bank is “America’s Most Convenient Bank”.

Since I had nothing to lose, I increased my use of the TD Bank Connect Card (go big or go home) until early January when my card was closed on January 4, 2018.  At the bottom of the letter, it said that any funds left on the card after the card was closed would be sent back to me via check.  I didn’t test that out since I didn’t want to float the money to TD Bank until I received the check, but I did give it a second thought.

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Which 10 Credit Cards am I Considering for my March App-O-Rama?

Good morning everyone, happy Thursday.  My last App-O-Rama (where I applied for several new credit cards at the same time) was back in mid December 2016.  I usually wait 3+ months between App-O-Ramas, so the time has come to start my next round of credit card applications.  I am going to list the credit cards I have in mind in the order in which I will probably apply for them.  If you have any feedback on my strategy or think I am missing or applying for the wrong credit cards, please leave a comment below. Without further ado, let’s begin…

1. American Express SPG Business Credit Card – 25,000 SPG points after spending $5,000 in 90 days and an additional 10,000 SPG points after spending $3,000 in 120 days.  No annual fee the first year, then $95 in the second year.

With the impending merger with Marriott, this might be my last opportunity to apply for the SPG business credit card.  I can’t pass up this opportunity. 35,000 SPG points are worth ~$700 in hotel nights and airfare (and possibly much more).

2. Bank of America MERRILL+ Credit Card – 50,000 points after spending $3,000 in 90 days.  No annual fee.

Doctor of Credit reports that you can apply for this credit card over the phone.  50,000 points is worth $500 cash or up to $1,000 toward airfare. Continue reading