TD Double Up Credit Card review – USA TODAY Blueprint

This card offers 2% cash back, an easy-to-earn $100 bonus, and 0% APR on balance transfers for the first 15 months from opening the card. However, there are some strict eligibility guidelines to qualify for the card.

About TD Double Up℠ Credit Card

At first glance, the TD Double Up Credit Card ℠ looks like a straight-forward cash-back card — until you get to the fine print. Cardholders can get 2% cash back on most purchases, but only if they redeem the money into a qualifying TD Bank deposit account (new or existing). If you do not have a qualifying TD Bank deposit account, you can only receive 1% cash back.

Cashback applies to most purchases, and there’s no limit to how much you can earn. There are no specific categories to consider, and you don’t have to activate cash back manually.

The card also comes with a 0% APR on balance transfers for the first 15 billing cycles, after which a variable APR of 19.24%, 24.24%, or 29.24% will apply. The balance transfer fee is $5 or 3% of the amount transferred, whichever is greater. This card comes with a 3% foreign transaction fee, so if you are planning to go overseas, make sure you bring another card that won’t incur additional fees.v

Unfortunately, the card is only available to those who live in one of the 15 states where TD Bank operates, which significantly cuts into who may qualify. If you don’t qualify for this card, there are many other 2% cash back card options.

The Basics of TD Doubling

  • Annual fee: There isn’t any.
  • Welcome bonuses: $100 cash back when you spend $1,000 in the first 90 days, which will be reflected as a statement credit in your account.
  • Present: 1% cash back on purchases and an extra 1% cash back when you redeem prizes to a qualifying TD deposit account.
  • April: 0% introductory APR on balance transfers for the first 15 billing cycles after account opening, followed by standard variable APRs of 19.24%, 24.24%, 29.24% for purchases and balance transfers. A Balance Transfer fee of $5 or 3% of the larger transfer applies.
  • Other privileges: Emergency card replacement, roadside assistance and other basic Visa benefits.
  • Does the publisher offer a pre-approval tool? NO.
  • Recommended credit score: Good to excellent.

TD Doubling the other details

TD Double Prize

TD Bank offers $100 cash back when you spend $1,000 in the first 90 days. This will be reflected as a statement credit in your account.

Each qualifying transaction will earn 1% cash back on purchases, plus 1% cash back upon conversion to a qualifying TD Bank deposit account.

Cardholders must have a minimum of 2,500 points to redeem cash back. You can redeem points as statement credits or deposit funds directly into your bank account. Other redemption options include gift cards, merchandise and travel-related purchases.

Potential TD Double reward

Using government data and other publicly available information, we estimate that US households in the market for this card have an annual income of $84,352 and potential credit card fees of $25,087.

If this household paid for all of their credit card expenses on a TD Double Up credit card and had a TD bank account that qualified for the full 2% cashback, they would earn a total of $501.74; if they don’t have a qualifying TD bank deposit account, they’ll get a $250.87 refund.

TD Double the APR

Regular APR is 19.24%, 24.24% or 29.24% depending on your creditworthiness. There is an introductory 0% APR on balance transfers for the first 15 billing cycles. Then, the APR will switch to the regular rate. The cash advance APR is 29.49%.

TD Doubling Pro

  • Get up to 2% cash back. Cardholders can get 2% cash back on most purchases, but only if they have a qualifying TD Bank deposit account. All other cardholders receive 1% cash back.
  • No annual fees. There are no annual fees with this card.
  • There is no cash back limit. While other card companies may limit the number of points you can earn, there are no reward limits with the TD Double Up credit card.
  • Introductory APR for balance transfers for 15 billing cycles. You can get an introductory APR on balance transfers for almost a year and a half, which can help anyone trying to tame high-interest debt.

Cons of TD Double Up

  • High minimum redemption account. You can only do cashback exchange v when you have earned 2500 points. Some cash back cards have lower or no minimum redemption amounts.
  • Must live in one of 15 states (or DC) to open a card. This card is only available to cardholders in certain states. The states are Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and Washington, DC
  • Low signup bonus. The $100 cash back isn’t as cheap as other competing cards.

How does TD Double Up compare to other gift cards

TD Double Up vs. Citi® Double Cash Card

If you’re looking for a card that delivers 2% cash back on every purchase, the Citi® Double Cash Card with no annual fee may be a better option. Like the TD Double Up card, there is a requirement to get the full 2% back; You’ll get 1% cash back on any qualifying purchases and 1% cash back when you pay them back.

Like the TD Double Up card, the Citi Double Cash Card has no annual fees and an intro of 0% APR for balance transfers for 18 months. After that, the standard variable APR will be 18.49% – 28.49%, based on creditworthiness. There is also an intro balance transfer fee of $5 or 3% of the amount of each transfer, whichever is greater, completed within the first 4 months of account opening. After that, the fee will be 5% of each transfer (minimum $5).

TD Double Up vs. Fidelity® Rewards Visa Signature® Credit Card

The Visa Signature® Fidelity® Rewards Credit Card also has no annual fees and offers unlimited 2% cash back. You can deposit money back into a Fidelity account, such as a 529 or brokerage account, allowing you to invest your prize. The ability to deposit your prizes into a 529 account is unique and may mean more to you than taking your gifts as a credit statement. The Fidelity Rewards card also charges a 1% foreign transaction fee, which is lower than the 3% fee charged by the TD Double Up card.

TD Doubling vs. Chase Sapphire Preferred® Card

If you want to earn travel rewards, consider the Chase Sapphire Preferred® Card. New cardholders can earn 60,000 bonus points when they spend $4,000 in the first three months. This is equal to $750 when redeemed for travel on the Chase Ultimate Rewards® portal.

The Sapphire Preferred Card also earns 3 points per dollar for dining, grocery purchases (excluding Target and Walmart) and certain streaming services, 2 points for travel purchases, and 5 points for travel purchased through the Chase Ultimate Rewards® portal. Unlike the TD Double Up card, there are no foreign transaction fees with Chase Sapphire Preferred. Rewards are worth 25% more when redeemed through Chase for travel and are also transferable to more than a dozen Chase travel transfer partners.

Should you get TD Double Up?

If you already have a qualifying TD account, opening a TD Double Up card might be a good idea. You won’t pay an annual fee and will be able to earn a fixed 2% cash back on most purchases.

If you don’t have or are planning to have a TD account, we recommend that you choose another 2% cashback card.

TD Double Up summary

Frequently Asked Questions (FAQ)

Unlike other credit card providers, TD Bank has strict residency rules. If you don’t meet these requirements, you won’t be able to open a credit card.

To open a TD Double Up credit card, you must reside in one of the following states:

  • Connecticut.
  • Delaware.
  • Florida.
  • Maine.
  • Maryland.
  • Massachusetts.
  • New Hampshire.
  • New jerseys.
  • New York.
  • North Carolina.
  • Pennsylvania.
  • Rhode Island.
  • South Carolina.
  • Vermont.
  • Virginia.
  • Washington DC

TD Bank does not automatically increase the credit limit. If you want a higher credit limit, you have to request it manually. Call TD Bank’s credit card customer service department at 1-888-561-8861.

TD Bank does not state their minimum credit score requirements. However, most gift cards usually require good credit or better for approval, which FICO generally defines as 670 or better.

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