TD Double Up Card Review: 2% Back, but Only in Certain States
The Bottom Line
4.4
The card’s rich 2% back and bonus make it a good flat-rate cash-back card. But it's inaccessible to more than half of the U.S.
Rates, fees and offers
Annual fee
$0
Rewards rate
2%
Bonus offer
Earn $150 Cash Back in the form of a statement credit when you spend $1,000 within the first 90 days after account opening.
Intro APR
0% Intro APR on Balance Transfers for the first 15 billing cycles
Ongoing APR
APR: 19.74%, 24.74% or 29.74%, Variable
Cash Advance APR: 29.99%, Variable
Balance transfer fee
Either $5 or 3% of the amount of each transfer, whichever is greater
Foreign transaction fee
3% of each transaction in U.S. dollars
More details from TD Bank
- Bonus Cash Back: Earn $150 Cash Back in the form of a statement credit when you spend $1,000 within the first 90 days after account opening
- Earn unlimited 2% Cash Back on all eligible purchases
- No reward categories, no caps, no worries.
- Get Visa benefits like cell phone protection when you pay your monthly mobile bill with your card
- No annual fee
- Contactless Payments/Digital Wallet
- Instant credit card replacement
- Must be a resident of CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, or VT.
Pros and Cons
Pros
No annual fee
Intro APR period
Cash rewards
Cons
No bonus categories
Must be a member/customer
Not available in most states
Detailed Review
The TD Double Up℠ Credit Card features rewards that are hard to beat: 2% cash back on all purchases. Even compared with other members of the 2% flat-rate cash back club, this card excels, thanks to its sign-up bonus and introductory APR offer on balance transfers.
But because of TD Bank’s relatively small footprint, you're eligible to open an account only if you live in one of a handful of states. It's possible to find similar cards with lucrative rewards and features, without geographic restrictions.
TD Bank also issues the TD Cash Credit Card, which earns bonus rewards in your top two spending categories. But it, too, requires that you live in one of a handful of U.S. states.
TD Double Up℠ Credit Card: Basics
Card type: Cash back.
Annual fee: $0.
Sign-up bonus: Earn $150 Cash Back in the form of a statement credit when you spend $1,000 within the first 90 days after account opening.
Rewards: Unlimited 2% cash back.
Redemption options: Technically, this card earns points, not direct cash back. But those points can be redeemed for cash back, gift cards and travel at a value of 1 cent per point. Points can also be redeemed for merchandise, although point values will vary with that option. You’ll need a minimum of 2,500 points to redeem for cash back.
Interest rate: 0% introductory APR balance transfers for first 15 billing cycles after account opening. After that, 19.74%, 24.74% or 29.74% variable APR based on your credit worthiness.
Balance transfer fee: $5 or 3% of each transfer, whichever amount is greater.
Foreign transaction fee: 3%.
The TD Double Up℠ Credit Card comes in two potential versions: a Visa Signature and Visa Platinum. While both versions offer the same rewards, applicants who are approved for a credit limit of $5,000 or greater will receive the Signature version, which comes with Visa Signature benefits.
Compare to Other Cards
Benefits and Perks
High rewards rate on everything
The TD Double Up℠ Credit Card earns 2% back on all purchases, which is a great rate. Plus, there's no cap on spending or rewards, meaning that no matter how much you spend on the card, you'll earn the same rate on all purchases. And because you’ll earn cash back no matter what you use the card for, you won't have to keep track of multiple or rotating bonus categories, like more complex cash back cards might require.
Generous introductory offers
Few cards that earn 2% back come with a bonus, which makes the TD Double Up℠ Credit Card's welcome offer stand out. New card members can get the following: Earn $150 Cash Back in the form of a statement credit when you spend $1,000 within the first 90 days after account opening.
The card also comes with an interest-free period on balance transfers, another perk that not many similar cards in the field offer. It features a 0% introductory APR balance transfers for first 15 billing cycles after account opening. After that, 19.74%, 24.74% or 29.74% variable APR based on your credit worthiness. This is a lengthy window of time that you can use to pay down transferred debt, interest-free.
Drawbacks and Considerations
Eligibility is limited to certain states
The TD Double Up℠ Credit Card isn't available to all consumers in the U.S. To be eligible to apply for the card, you’ll have to live in one of the following states:
Connecticut.
Delaware.
Florida.
Maine.
Maryland.
Massachusetts.
New Hampshire.
New Jersey.
New York.
North Carolina.
Pennsylvania.
Rhode Island.
South Carolina.
Vermont.
Virginia
Washington, D.C.
That small footprint is a big obstacle. If you don’t live in any of the above Eastern states or D.C., you're out of luck.
You could instead consider the $0-annual-fee Wells Fargo Active Cash® Card. It earns an unlimited 2% back on all purchases. Plus, it features an introductory APR offer for both purchases and balance transfers: 0% intro APR on Purchases for 12 months and 0% intro APR on Balance Transfers 12 months from account opening on qualifying balance transfers, and then the ongoing APR of 19.49%, 24.49%, or 29.49% Variable APR.
And it, too, comes with a bonus for new cardmembers: Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
Other cards earn more
The TD Double Up℠ Credit Card offers a simple way to earn high rewards on every purchase. But if you're willing to keep track of tiered or rotating rewards, there are cards that offer higher cash-back rates. The Chase Freedom Flex®, for example, earns 5% cash back in quarterly bonus categories that you activate, on up to $1,500 in spending per quarter. Plus, you'll earn 3% back on dining and drugstore purchases. (All other non-bonus-category spending earns 1% back.) It also comes with an introductory interest-free period on purchases, as well as a bonus for new cardholders: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
How To Decide If It's Right For You
The TD Double Up℠ Credit Card has a rich 2% ongoing rate and a sign-up bonus, making it a good option for uncapped rewards among flat-rate credit cards — as long as you live in a state where the card is available.
Earn 5% cash back in quarterly bonus categories that you activate, on up to $1,500 in spending per quarter (and 1% on all other spending). It also comes with the following sign-up bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. The annual fee is $0.
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Methodology
NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. Learn how NerdWallet rates credit cards.
