TD Double Up℠ Credit Card
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The TD Double Up℠ Credit Card is an excellent "flat-rate" cash back card, but it comes with a major catch: it is only worth getting if you are already a TD Bank customer. While it advertises a competitive 2% cash back on everything, you must redeem your rewards into a TD Bank deposit account to unlock that full rate. For non-TD customers, cards like the Wells Fargo Active Cash® offer the same 2% rate with fewer hoops to jump through.
At a Glance
- Welcome Offer: Earn $200 Cash Back in the form of a statement credit when you spend $1,500 within the first 90 days after account opening.
- Rewards Rate: Up to 2% Cash Back (1% when you buy + 1% when you redeem to a TD account)
- Annual Fee: $0
- Regular APR: 18.74%, 23.74% or 28.74% Variable
- Foreign Transaction Fee: 3%
- Credit Score: Good, Excellent
- Geographic Availability: Limited to TD Bank's footprint (East Coast, US)
Overview
The TD Double Up℠ Credit Card is TD Bank's answer to the popular Citi® Double Cash Card. It is designed for simplicity, targeting consumers who want one card for all purchases rather than juggling rotating categories. However, unlike general market cards, this is treated as a "relationship card"—it is specifically built to reward loyal TD Bank banking clients.
Rewards & Benefits
The rewards structure is the card's namesake feature, but the fine print matters.
- Earning Structure: You earn 1% Cash Back on every purchase you make.
- The "Double Up" Bonus: You earn an additional 1% Cash Back specifically when you redeem your rewards into an eligible TD Bank checking or savings account.
- Crucial Note: If you choose to redeem for a statement credit instead of a deposit, you effectively cut your rewards potential, making the card much less competitive.
- Welcome Bonus: Earn $200 Cash Back in the form of a statement credit when you spend $1,500 within the first 90 days after account opening.
Fees & Requirements
- Annual Fee: $0.
- Balance Transfer Fee: 3% (minimum $5). This applies even during the 0% intro APR period.
- Foreign Transaction Fee: 3%. Do not use this card outside the US.
- Credit Score: Requires Good, Excellent credit.
- Residency: You typically need a residential address within TD Bank's service area (East Coast) to be approved.
Borrower Experience
- Digital Management: The card is managed through the standard TD Bank app, which is convenient if you already check your checking account there.
- Customer Service: TD Bank generally rates well for customer service compared to massive national issuers, offering 24/7 support.
Who It’s Best For
- Existing TD Bank Customers: If you already have a TD checking account, this card is a no-brainer. It integrates perfectly into your app and provides a seamless 2% return on all spending.
- Simplicity Seekers: If you hate tracking "3% on dining" or "5% on gas" categories, this card offers a "set it and forget it" strategy.
- Balance Transfer Seekers: The [N/A] window is competitive for consolidating debt.
Who Should Skip It
- Non-TD Customers: If you don't bank with TD, opening a checking account just to get this credit card is not worth the hassle when other issuers offer the same 2% rate without the requirement.
- West Coast Residents: If you live outside TD’s footprint, you likely cannot apply.
- International Travelers: The 3% foreign transaction fee makes this card useless abroad.
Compare
Bottom Line Verdict
The TD Double Up℠ Credit Card is a solid flat-rate cash back card. It does exactly what it promises, earning 2% cash back, but forces you to jump through the hoop of having a TD Bank account to get it. If you are already a happy TD Bank client, this card is an excellent addition to your wallet.
Pros
Simple unlimited 2% cash back: Earn 2% on all purchases with no categories or caps
Intro APR on balance transfers: 0% for 15 billing cycles with no annual fee
Visa Signature perks included: Features like cell-phone and rental protection when you pay with the card
Cons
No bonus categories or elevated rewards: Everything earns 2%, with no category bonuses or rotational offers
Foreign transaction fee applies: Charges 3% on purchases made in foreign currency