Which card is better for groceries, Preferred Visa or TD Cash Back Visa?

The Preferred Visa earns 1% on groceries, while the TD Cash Back Visa earns 1%. The better choice depends on your grocery spending and the specific merchants you shop at.

Which card is better for international purchases?

The Preferred Visa has no foreign transaction fee, while the TD Cash Back Visa has a 2.5% foreign transaction fee. The card with no FX fee is better for international purchases.

Preferred Visa vs TD Cash Back Visa — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

Preferred Visa edges ahead by $80/yr

Preferred Visa earns $21 more on shopping
Saves $30/yr in foreign transaction fees

Shopping: +$21Dining & Restaurants: +$17Travel: +$12

TD Cash Back Visa: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

Winner

$347

/first year

0.8% effective$29/mo

vs 1% no-fee card: −$72

Annual rewards earned+$347

FX costsNo FX fee

Annual fee−$0

$267

/first year

0.6% effective$22/mo

vs 1% no-fee card: −$151

Annual rewards earned+$297

FX costs−$30

Annual fee−$0

Best for your spendingPreferred Visa—$347Year 1 value

+$80 more than TD Cash Back Visa

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

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The Bottom Line

Preferred Visa edges ahead by $80/yr

Preferred Visa earns $21 more on shopping
Saves $30/yr in foreign transaction fees

Shopping: +$21Dining & Restaurants: +$17Travel: +$12

Showing Year 1 analysis

Preferred Visa wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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Preferred Visa

TD Cash Back Visa

Preferred Visa edges ahead by $80/yr

Dollar Value

Show calculation breakdown

Show calculation breakdown

Earn Rates by Category

Merchant Reality Check

Wallet Optimizer

Fees & Foreign Exchange

Insurance & Benefits

Eligibility

The Bottom Line

Data Sources

Preferred Visa

TD Cash Back Visa

Preferred Visa edges ahead by $80/yr

Dollar Value

Show calculation breakdown

Show calculation breakdown

Earn Rates by Category

Merchant Reality Check

Wallet Optimizer

Fees & Foreign Exchange

Insurance & Benefits

Eligibility

The Bottom Line

Data Sources