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finder.com’s rating: 4.3 / 5
★★★★★
$150
Welcome offer
Up to 2%
Cash back
$0
Annual fee
15.74%, 20.74% or 25.74%
Purchase APR (variable)
Annual fee | $0 |
---|---|
Welcome offer | $150 cash back in the form of a statement credit when you spend $1,000 within the first 90 days after account opening |
Rewards | Up to 2% cash back. 1% cash back on purchases plus 1% when you redeem into an eligible TD Bank Deposit Account |
Purchase APR | 15.74%, 20.74% or 25.74% variable |
Balance transfer APR | 0% intro for the first 15 billing cycles (then 15.74%, 20.74% or 25.74% variable) |
Minimum Credit Score | 620 |
Issuer | Visa |
Review by
Steven Dashiell is Senior Writer, Personal Finance at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, NASDAQ, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.
The TD Double Upâ„ Credit Card is the only flat cashback card TD Bank offers as of June 2021. It earns up to 2% back on purchases: 1% back on the initial purchases and another 1% when you redeem your rewards into an eligible TD Bank account. It also comes with two introductory offers: $150 cash back as statement credit after you spend $1,000 within your first 90 days of account opening and a 0% introductory APR on balance transfers for 15 billing cycles, reverting to 15.74%, 20.74% or 25.74% variable. It also requires no annual fee.
This card is one of the rare cashback cards to earn 2% back on purchases rather than the standard 1.5%. It’s perhaps most similar to the
Citi® Double Cash Card, as both have a condition for earning the total 2%. For the TD Double Up℠Credit Card, you need to deposit your earned cash back into an eligible TD Bank Deposit account to earn the other half of your 2%. This makes it a little more limiting than the Citi® Double Cash Card, which allows you to earn 1% when you make your purchase plus an additional 1% by simply paying your balance. Still, this card is a bit more flexible than something like the Apple Card, which earns this rate only on Apple Wallet purchases.
The card also comes with a decent welcome offer, and notably, a 15 billing cycles 0% APR balance transfer offer. Given the scarcity of balance transfer offers on the market, this adds big value to this card. Depending on your credit line, you can also receive the Visa Signature version of the card, which comes with additional perks.
All told, this is a surprisingly valuable card with plenty to offer cardholders looking for a flat cashback card. The main caveat is you’ll need to be a TD Bank customer for the card to prove worth it.
Note: This card is only available to residents of the following states: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT.
You can apply for the TD Double Upâ„ Credit Card by doing the following.
TD Bank is not accredited with the Better Business Bureau and earns a B+ rating from the company as of August 2021.
The provider earns a 1.2 out of 5 customer rating on Trustpilot as of August 2021, with several customers complaining of unclear terms and conditions and poor customer service.
The TD Double Up℠Credit Card is a surprisingly solid cashback card that is well worth a spot in your wallet if you’re a TD Bank customer. However, the Citi® Double Cash Card card still has a leg up over this card thanks to its ease-of-use and should be the first place you look when shopping for a 2% cashback card.
If neither card fits your needs, you can compare all cashback cards to get a better sense of what options are available.
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