TD Bank's Double Up Card: A Simple 2% Cash Back Card with a Generous Welcome Bonus

If you're in the market for a no-fuss cash back card and happen to live in TD Bank's footprint, their new Double Up card might be worth a closer look. It's a straightforward 2% back on everything, with no categories to track or caps to worry about. Plus, right now there's a welcome bonus that's been bumped up to $200, which makes it even more appealing.

How the 2% Cash Back Works

The Double Up card earns 1% cash back on every purchase you make. Then, when you redeem your rewards into an eligible TD Bank checking or savings account, you get an additional 1% back. That's how you hit that 2% total. If you don't have a TD deposit account, you'd only get 1% back, so it's important to pair this card with a TD bank account to get the full value.

There are no rotating categories or spending caps. As long as your account is open and in good standing, you keep earning 2% on everything. That's a solid flat-rate setup, especially for a card with no annual fee.

The Welcome Bonus and Intro APRs

Right now, TD is offering a $200 cash back bonus after you spend $1,500 within the first 90 days of opening the account. That's a decent chunk of change, and the spending requirement is pretty reasonable for most households.

On top of that, you get a 0% intro APR on purchases for the first 12 billing cycles, and a 0% intro APR on balance transfers for the first 15 billing cycles. Just keep in mind that balance transfers need to be completed within the first 90 days to qualify for that rate. After the intro period, the APR jumps to a variable rate between 18.49% and 28.49%, depending on your creditworthiness.

There's a balance transfer fee of either $5 or 3% of the amount (whichever is greater) during the first 90 days, and after that it goes up to $5 or 5%. So if you're planning to move a balance, factor that in.

What to Watch Out For

First, this card is only available in 16 states plus D.C. If you don't live in one of those areas, you're out of luck. Second, to get the full 2% cash back, you need to have a TD Bank deposit account. If you don't already bank with TD, opening a checking or savings account is pretty easy, and they often have bank bonuses too. But it's an extra step.

Also, the foreign transaction fee is 3%, so this isn't a great card for international travel. You'd be better off with a no-foreign-transaction-fee card for those purchases.

Finally, TD is known to be a bit conservative with lending, and they typically pull from Experian. So if you have a thin credit file or any blemishes, approval isn't guaranteed. But if your credit is solid, you should be in good shape.

Is It Worth It?

For anyone in TD's service area who wants a simple, no-annual-fee 2% cash back card, the Double Up is a strong contender. The $200 bonus is a nice cherry on top, and the intro APRs give you some flexibility if you need to finance a big purchase or consolidate debt.

Just remember to set up a TD deposit account to unlock the full earning potential. If you're not willing to do that, you're leaving money on the table. But if you're already a TD customer, this card is a no-brainer addition to your wallet.

Bottom Line

• Earn unlimited 2% cash back on all purchases when you redeem into a TD deposit account.
• Get a $200 statement credit after spending $1,500 in the first 90 days.
• 0% intro APR on purchases for 12 months and on balance transfers for 15 months.
• No annual fee, but a 3% foreign transaction fee applies.
• Only available in 16 states and D.C., and requires a TD bank account for full rewards.

Common Questions