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What is a TD Payment Plan?
Turn credit card purchases into manageable monthly payments with a low fee and no interest. Conditions apply. This convenient feature gives you more control over your budget knowing when these purchases are paid off in full. This can come in handy if you’re planning to buy a new laptop, go on a trip or start a home renovation project.
Benefits of TD Payment Plans
TD Payment Plans helps you manage your budget, while offering flexibility.
Eligibility of TD Payment Plans
Below is a breakdown to help you understand if you’re eligible. Conditions apply.
- Personal TD credit cardholder with online banking access
- Primary cardholders only (Additional cardholders are not eligible)
- Account in good standing
- Purchase of $100 or more
- You're a resident of a province or territory in Canada other than Quebec
Please login into your EasyWeb profile to see which transactions are eligible.
Let’s break it down for you
For example, let’s say you bought a $1,200 laptop and are looking to convert it into a 6, 12 or 18 month TD Payment Plan.
Setting up TD Payment Plans in EasyWeb
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1
Sign into EasyWeb and go to your Credit Card Account Activity Page
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2
Under ‘Posted Transactions’, click on the ‘Setup Payment Plan’ button
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3
Choose your TD Payment Plan
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4
Review Terms and Conditions and click ‘Accept’ to set up your TD Payment Plan
Frequently asked questions
Eligibility
If you’re eligible for a TD Payment Plan, you’ll see a Payment Plan offer in your account on EasyWeb. Your credit card account can have up to 25 active TD Payment Plans at one time.
TD Payment Plans are currently only available to residents of a province or territory in Canada other than Quebec.
Business credit cards are not eligible. Purchases made on TD cards with an interest rate less than 8.99% are not eligible.
Your credit card account can have up to 25 active TD Payment Plans at one time. However, transactions cannot be combined. If offered and accepted, each eligible transaction will be put in its own TD Payment Plan.
Yes, you can convert eligible purchases from an Additional Cardholder’s credit card to a TD Payment Plan. However, only the primary cardholder can set-up a TD Payment Plan.
Plan setup and monitoring
No, a TD Payment Plan is a new feature available on eligible TD credit card purchases. Setting up a TD Payment Plan will not have any impact on your credit score, as long as you pay your minimum payment on time.
Details can be found in several places:
- In the Terms & Conditions applicable to your TD Payment Plan
- In the TD Payment Plans section of EasyWeb
- On your credit card statement each month
The fee is calculated by multiplying the full purchase transaction amount by the fee percentage. The applicable Payment Plan fee will then be added to the Payment Plan balance
For example:
You recently purchased a $600 table, and you decide you want to convert the purchase to a 6-month Payment Plan with a total fee of 4%.
Here’s how you would calculate the fee for your TD Payment Plan:
- Payment Plan Fee Amount = $600 X 4% = $24
Your credit card account can have up to 25 active TD Payment Plans at one time. However, transactions cannot be combined. If offered and accepted, each eligible transaction will be put in its own TD Payment Plan.
Yes, you can convert eligible purchases from an Additional Cardholder’s credit card to a TD Payment Plan. However, only the primary cardholder can set-up a TD Payment Plan.