td-bank TD Double UpSM Credit Card Review: Simple, Unlimited 2% Cash Back
The TD Double UpSM Credit Card offers a powerful combination: unlimited 2% cash back on all purchases and no annual fee. Uncover if its simple rewards structure and intro APR periods make it the perfect everyday card for you.
| Annual Fee | $0.00 |
| Sign-up Bonus | Earn $200 Cash Back |
| Rewards Rate | Earn unlimited 2% Cash Back |
| Intro APR | 0% intro APR on balance transfers for 15 billing cycles and on purchases for 12 billing cycles. Balance transfers must be completed within the first 90 days of account opening. |
| Regular APR | Annual Percentage Rate (APR) for Purchases After that, 18.49%, 23.49% or 28.49% variable APR based on your creditworthiness. APR for Balance Transfers After that, 18.49%, 23.49% or 28.49% variable APR based on your creditworthiness. APR for Cash Advances 28.74% variable APR |
| Other Fees | Balance Transfer Fee Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within the first 90 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater. Minimum Interest Charge $1 Cash Advance Fee $10 or 5% of advance whichever amount is greater Foreign Transaction Fee 3% of each transaction in U.S. dollars Late Payment Up to $40 Return Payment Up to $40 |
Overview
The TD Double Up℠ Credit Card is a powerful contender in the world of flat-rate cash back cards, primarily because it pairs a high rewards rate with no annual fee. Cardholders earn an unlimited 2% cash back on all eligible purchases — 1% when you buy and another 1% when you redeem into a qualifying TD Bank deposit account. This simple, no-fuss structure makes it an excellent choice for everyday spending without the need to track rotating categories. To sweeten the deal, new cardholders can earn a generous $200 cash back bonus after meeting a reasonable initial spending requirement.
Beyond its strong rewards, the card offers valuable introductory APR periods for both new purchases and balance transfers, giving you some breathing room to pay down a large expense or existing debt interest-free. However, it's important to note that once the intro period ends, the ongoing APR can be high, making this card less than ideal for carrying a long-term balance. It also charges a foreign transaction fee, so you’ll want to leave it at home when traveling internationally.
Ultimately, the TD Double Up℠ Credit Card is best suited for individuals with good credit who want a simple, high-value workhorse card for their daily domestic spending. If you value straightforward cash back, want to avoid an annual fee, and typically pay your balance in full each month, this card offers outstanding and uncomplicated value.
Pros & Cons
What's great
- No annual fee
- Intro APR period
- Generous sign-up bonus
- High cashback on all purchases
- Consistent rewards across categories
- Included cardholder benefits
Things to consider
- High regular APR
- High balance transfer fee
- Foreign transaction fees apply
Benefits
Exceptional Flat-Rate Rewards
The TD Double Up℠ Credit Card stands out for its powerful and simple rewards structure. You'll earn an unlimited 2% cash back on all eligible purchases, placing it in the top tier of flat-rate rewards cards. There are no rotating categories to track or spending caps to worry about, making it a fantastic "set it and forget it" option for earning valuable rewards on every single transaction, from groceries and gas to monthly bills. This straightforward approach is ideal for anyone who wants to maximize their cash back without the hassle of a complex rewards program.
Generous Welcome Bonus and Intro APR
New cardholders are greeted with a solid welcome offer: earn a $200 cash back statement credit after spending $1,500 within the first 90 days of opening your account. This is a very competitive bonus for a card with no annual fee. The card’s value is further enhanced by an introductory 0% APR on balance transfers for 15 billing cycles and on purchases for 12 billing cycles (a variable APR of 18.49%, 23.49% or 28.49% applies afterward). This feature provides excellent flexibility for financing a large purchase or paying down existing debt interest-free.
Valuable Cardholder Protections
Beyond its cash-back rewards, the TD Double Up℠ Credit Card includes a noteworthy perk often reserved for cards with an annual fee: cell phone protection. Simply pay your monthly cell phone bill with the card to receive coverage against damage or theft. This valuable benefit can provide significant peace of mind and potential savings, adding another layer of everyday value.
Drawbacks
The most significant drawback of the TD Double Up℠ Credit Card is its 3% foreign transaction fee. This fee will apply to any purchase made outside the U.S., effectively negating the 2% cash back earned and adding a 1% cost to every international transaction. This makes the card a poor choice for frequent travelers or anyone who regularly makes purchases from foreign merchants online.
While the card offers a competitive introductory 0% APR period, its ongoing variable APR can be quite high, potentially reaching 28.49% depending on your creditworthiness. Cardholders who tend to carry a balance from month to month could find their interest charges quickly overwhelming any cash back rewards they earn once the promotional period ends. Similarly, the balance transfer fee rises to a steep 5% of the transfer amount after the first 90 days, diminishing its long-term value for debt consolidation.
Decision Guidance
This card is an excellent choice for existing TD Bank customers who want a straightforward, high-earning card for everyday domestic spending without an annual fee. However, its full 2% cash back potential is only unlocked when redeeming into a TD account, and the presence of a foreign transaction fee makes it unsuitable for international travel. If you don't bank with TD or frequently travel abroad, a different flat-rate card will likely offer you better value.
Summary
The TD Double Up℠ Credit Card is an excellent choice for simple, flat-rate cash back, but it's truly built for existing TD Bank customers. Its 2% rewards rate competes with the best no-annual-fee cards on the market, though you must redeem into a TD deposit account to get that full value, and its foreign transaction fee makes it a poor choice for use abroad. For those already in the TD ecosystem, however, this is a nearly unbeatable and straightforward workhorse for everyday domestic spending.