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10 Benefits of Having a TCF Credit Card

Credit Card

TCF currently offers three credits card for personal use - the Maximum Rewards Visa Card, the Platinum Edition Visa Card, and the Secured Visa Card - and three credit cards for business use - the Business Edition Secured Visa Card, the Business Edition Visa Card, and the Business Edition Visa Card with Reward Simplicity. Although the terms for each card varies, each has numerous benefits that are worthy of consideration. If you're in the market for a new credit card and want to find out more about TCF's offerings, you've come to the right place. Without further ado, here are ten very attractive benefits of having a TCF credit card.

1. You'll qualify for a great introductory APR offer

One of the biggest attractions of the Maximum Rewards Visa Card is the introductory Annual Percentage Rate (APR). For the first 6 billing cycles after you get your card, the APR on all purchases and balances transfers is an outstanding 0%. After that, the APR will vary depending on your individual creditworthiness. Opt for a Platinum Edition Visa Card, and the offer is even better: 0% introductory APR for a full 12 months.

2. It's a good option for people with poor credit scores

As writes, obtaining a credit card when you have a poor credit score is no easy task. Choosing a secure card like the TCF Secured Visa Card can help by providing a line of credit equal to your initial deposit. You'll get the deposit back once you upgrade to an unsecured card, but in the meantime, you can use the card to help get your credit back on track.

3. It's got a great rewards scheme

When you choose a Maximum Rewards Visa Card, you're signing up for a great reward scheme. For every $1 you spend on purchases, you'll earn 1.5 reward points. The points can subsequently be redeemed for cash back, gift cards, travel, and an excellent range of merchandise. As notes, one of the key attractions of the scheme is that you have a full 5 years to redeem the points before they expire.

4. There are no annual fees

Annual fees are a very convenient, very sneaky way for banks to make a lot of money at your expense. By choosing either the TCF Maximum Rewards Visa or the Platinum Edition Visa Card, you'll be beating them at their own game. Although both cards come with full customer service support and a plethora of other benefits, TCF won't charge you a cent for the upkeep of the account. If you opt for the Secured Visa Card, you'll not be quite so lucky - expect to pay $35 per year in fees (although considering that some credit card providers charge several hundred per year in fees, it's still not a bad deal.)

5. You'll get money for doing nothing

If you decide to apply for a TCF Platinum Edition Visa Card, not only will you benefit from zero annual fees and zero APR for the first year, you'll also get $25 for doing absolutely nothing. Well, we say nothing... the offer does come with a proviso, but considering the proviso is to simply use the card for at least one purchase within the first 3 months after account opening, it's an easy enough pill to swallow. The statement credit will be applied to your credit card within 6-8 weeks after you qualify.

6. You're protected

TCF credit cards come with the benefit of zero liability. What does that mean? It means that if anyone uses your card without permission for unauthorized purchases, TCF will take care of it... as in, they won't make the inconvenience of having your wallet stolen even worse than it needs to be by holding you liable for any fraudulent spending activity on your account.

7. You'll be able to access your credit score for free

As Equifax writes, checking your credit history and credit scores is a sound idea. Regularly checking your credit reports will make you more aware of what lenders may see, giving you a better understanding of your current credit position and letting you know if any work needs to be done on it. It also gives you the opportunity to check the information listed in the report, and detect and correct any inaccurate or incomplete information. Why is this relevant? Because as one of the perks of owning a TCF credit card, you'll be able to check in on your FICO Credit Score whenever and wherever you want.

8. You can access monthly management reports

In the interests of transparency, we should point out this next benefit isn't going to apply to all TCF customers. But if you take out a TCF business card, you'll be treated to some very nice little personalized perks that include monthly reports. The detailed, itemized reports are easy-to-read, available on request, and better still, available at no extra charge.

9. You get extra perks if you're a small business owner

If you're a small business owner who takes out a TCF credit card, you'll be treated to a host of perks. First up, there's the very attractive option of Cell Phone Protection. Coverage is automatic and available at no extra cost. All you'll need to do is use your business credit card to pay your monthly cell phone bill. Do that, and your primary and up to four secondary phones will be protected against damage and theft up to a maximum of $1000 per 12-month period, or $600 per claim. You'll also be treated to Roadside Dispatch, which includes 24-hour assistance with anything from tire changing and jumpstarting to towing; Travel Emergency Assistance Services for any emergency you encounter while you're away from home; automatic business discounts with Visa SavingsEdge; and round the clock access to Global Customer Assistance Services.

10. You'll get a free year-end summary

Keeping on track of your spending is crucial if you want to keep your finances in good order. TCF has helped facilitate the process by making a free year-end summary available to all its customers. The online summary will outline all purchases and cash advances processed from January 1 to December 31. Better still, you'll be able to see exactly what you're spending on what by tracking your expenses under categories such as Automotive, Entertainment, Everyday Spending, Merchandise, Professional Expenses, Restaurants, Travel, and Other (Miscellaneous).

Allen Lee

Written by Allen Lee

Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.

Read more posts by Allen Lee

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