If you’re eligible for a TD Payment Plan, you’ll see a Payment Plan offer in your account on EasyWeb or on the TD App. 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.

Your Account balance needs to be equal to or greater than the eligible transaction amount to be eligible for a Payment Plan.

For example:

You currently have a $0 Account balance on your credit card and make a purchase of $500, the purchase would display under eligible transactions on EasyWeb or the TD App.

In a separate scenario, your credit card Account balance is $0 and you have a purchase of $500 posted to your Account. You decide to make a payment of $100 to your Account. This brings your Account balance to $400 and the purchase will not appear as an eligible transaction for a Payment Plan as your Account no longer meets the eligibility criteria. This is because your Account balance is $400 and is not equal to or greater than the $500 purchase amount.

No, not all purchases are eligible³. For a purchase to be eligible, it must be made with a personal TD Credit Card and amount to $100 or more. Purchases cannot be converted into a Payment Plan after the Payment Due Date of the statement in which the purchase first appears. Cash advances, other cash-like transactions, and service fees are also not eligible. Please check your account on EasyWeb or TD App to see if you have eligible transactions.

Business credit cards are not eligible. Purchases made on TD cards with an interest rate less than 8.99% are also 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.

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% and a Payment Plan Annual Interest Rate of 0%.

Here’s how you would calculate the fee for your TD Payment Plan:

• Payment Plan Fee Amount = $600 X 4% = $24

The Monthly Payment Plan Amount is calculated by taking the Total Payment Plan amount (including fee) and Plan Total Interest, if any) and dividing it by the number of months for the plan.

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 the breakdown of your Monthly Payment Plan Amount:

• Payment Plan Fee Amount = $600 X 4% = $24
• Payment Plan balance = $624
• Monthly Payment Plan Amount (including fee) = ($600 + $24) / 6 months = $104

No, you cannot make changes to your Payment Plan terms once it is set up. However, you can close the Payment Plan through EasyWeb, if it no longer suits your needs. Once cancelled, a TD Payment Plan for that purchase cannot be reinstated, and any unpaid Payment Plan balances will become subject to your Account's annual interest rate for purchases.

No, the credit limit on your Account does not change. Only purchases made using your existing credit limit can be eligible for a Payment Plan. Amounts outstanding on your Payment Plan reduce your available credit on your account.

If you do not pay your Monthly Payment Plan Amount in full in a particular month, any unpaid portion of your Monthly Payment Plan Amount will become subject to your Account's annual interest rate for purchases beginning the first day of the Statement Period after the missed Minimum Payment.

If you do not pay your Required Payment (which is your Minimum Payment less any Monthly Payment Plan Amounts that are shown on the same statement as your Minimum Payment) by the Payment Due Date set out on your monthly Account statement in two (2) consecutive months, we have the right to close all your Payment Plans.

If you do not pay your Required Payment (which is your Minimum Payment less any Monthly Payment Plan Amounts that are shown on the same statement as your Minimum Payment) by the Payment Due Date set out on your monthly Account statement in two (2) consecutive months, we have the right to close all your Payment Plans.

If a purchase is put into a Payment Plan and you subsequently return or dispute the purchase for a refund, this will not result in the automatic closure of the Payment Plan or reduce the Monthly Payment Plan Amount. If you do wish to close a Payment Plan after returning or disputing a purchase for a refund, you may close the Payment Plan through EasyWeb.

You can close a TD Payment Plan at any time. All you need to do is log into EasyWeb, select the plan you wish to close in the Payment Plans section, and click “Close the plan”.

If your TD Payment Plans are closed, any remaining balance of the Payment Plan will become subject to your Account's then-current interest rate for Purchases.

TD has the right to close your Payment Plan if:

• You become a Resident of Quebec; or
• We do not receive your Required Payment by the Payment Due Date in 2 consecutive months; or
• You close your Account; or
• TD closes your Account or removes charging privileges for your Account or
• If you are not meeting the terms and conditions of the TD Payment Plan.

No. Once a TD Payment Plan is closed, the purchase cannot be re-enrolled.

If your TD Payment Plan is subject to a Payment Plan Fee and a Payment Plan Annual Interest Rate of 0%, and you or TD close your Payment Plan within fifty (50) days after the Payment Plan Effective Date, then TD will fully refund the applicable Payment Plan Fee. If the Payment Plan is closed after fifty (50) days, a portion of the applicable Payment Plan Fee will be refunded based on the remaining Term.

Yes, if you have provided authorization to TD to debit your chequing or savings account to pay your Account statement's "Balance in Full" each month, we will instead debit the Grace Period Payment Amount for the applicable statement period each month until your Payment Plans expire or are closed. Please note however that if a purchase is converted into a Payment Plan after the purchase was shown on your account's monthly statement, the PAD for that statement period will continue to pay the New Balance amount that was shown on that monthly statement. This may result in your PAD paying down a partial or full amount of the new Payment Plan(s).

Refer to the TD Payment Plan Amending Agreement for more details.

If you have an account that earns rewards points, loyalty points or TD Cash Back Dollars, setting up a Payment Plan will not impact the applicable rewards terms and conditions.

If your credit card Account is enrolled in TD balance protection insurance while on a Payment Plan, there are no changes and existing insurance benefits and premium calculations will continue to apply to all amounts charged to your TD credit card, including those amounts under a Payment Plan, as follows:

• Insurance Premiums
  The premium calculations will remain the same and your premiums will be calculated on any amounts under your Payment Plan(s) including applicable interest on Payment Plan balances as they form part of your balance.
• Insurance Benefits
  The insurance benefit calculations will remain the same. However, please note that the monthly benefits may not cover your entire minimum payment in certain circumstances depending on the Payment Plan you select. You'll remain responsible for any amounts owing on your account that aren't covered by the insurance.