TD Bank Double Up Credit Card Review

We publish unbiased reviews; our opinions are our own and are not influenced by payments we receive from our advertising partners. Learn about our independent review process and partners in our advertiser disclosure.

The TD Bank Double Up Card is one of the few cash-back rewards cards that gives  cardholders a way to earn 2% back on every purchase. But there’s a catch. To earn the maximum amount back, you must be a TD Bank banking customer, too.

TD Double Up℠ Credit Card

Overall Rating
4.9
TD Double Up℠ Credit Card
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.99% - 24.99% variable
Annual Fee $0
Rewards Earning Rate Earn up to 2% Cash Back Rewards when you redeem into an eligible TD Bank Deposit Account. Earn 1% Cash Back on purchases. Plus, earn 1% Cash Back when you redeem into an eligible TD Bank Deposit Account
Foreign transaction fee (%) 3%
Ratings Breakdown
for Interest
2.3
for Fees
3.1
for Rewards
4.8
for Credit
2.2
Current Offer

Earn $75 Cash Back in the form of a statement credit when you spend $500 within the first 90 days after account opening.

Who Is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need See more cards
    Savvy Saver

This card is best for people who use TD Bank, because without an account, your cash-back redemptions are worth half of what you could get if you redeemed your rewards into a TD Bank account. 

There's nothing stopping you from using your TD Bank account as an intermediary, but that creates extra steps. It's up to you whether it's worth it, or you could just as easily consider another card that offers a similar cash-back rate without requiring extra hoops to jump through.

Pros
  • No annual fee

  • Decent sign-up bonus

  • Great balance transfer offer

Cons
  • Foreign transaction fee

  • Requires a TD Bank account to get the best rewards rate

Pros Explained

  • No annual fee: You won't pay any annual fees to use this card. 
  • Decent sign-up bonus: If you spend at least $500 in the first three months you'll earn an extra $75 in cash back, which is more than similar cards are offering right now.
  • Great balance transfer offer: You'll get 15 months at 0% interest to pay off any other balances.

Cons Explained

  • Requires a TD Bank account to get the best rewards rate: The card offers 2% cash back, but only if you redeem your rewards as a deposit into a TD Bank account. Otherwise, you'll earn 1% cash back. 
  • Foreign transaction fee: Leave this card at home if you travel across the border, otherwise you'll pay a 3% foreign transaction fee. 

TD Bank Double Up Credit Card's Bonus for New Cardholders

TD Bank Double Up Card's bonus offer is straightforward and generous, considering competing cards offering 2% back don't have a sign-up bonus. If you spend at least $500 within 90 days of account opening, you'll get an extra 7,500 points credited to your account from TD Bank within six to eight weeks. 

You can only redeem the bonus for a statement credit, meaning that your points are worth $75 towards charges that you've already spent.

Earning Points & Rewards

Although the TD Bank Double Up Credit Card advertises that it offers 2% cash back, it's important to be aware that it does this through a roundabout method. 

Instead of simply offering you 2% cash back on every purchase (or 2 points per dollar you spend), you'll earn 1 point per every dollar you spend. If you spend $500, for example, you'll earn 500 points. On the surface, that's not a lot of points to earn compared to other cash-back cards. However, how you redeem the rewards is what boosts their value.

Redeeming Rewards

You can redeem your rewards in several ways, including for statement credits, a deposit into a TD Bank account, gift cards, merchandise, or travel. You'll need to have at least 2,500 points in your account to redeem them for cash. 

Your rewards are worth 1 cent per point as a statement credit and at least 1 cent per point when you redeem them for gift cards or travel. The magic really happens when you redeem your points as a deposit into your TD Bank account. In that case, you'll earn an extra 1 cent per point, for a total of 2 cents per point, or 2% cash back. 

All of TD Bank's checking and savings accounts come with a monthly maintenance fee, but TD Bank will waive the fee with a $100 daily balance in a Convenience checking account, or $300 in a Simple savings account. 

The points you earn are worth up to 2 cents per point, which is twice the minimum redemption value you should get from credit card rewards.

How To Get the Most Out of This Card

The easiest route to getting the most out of the Double Up card is to open a Convenience checking account and make a $100 deposit, and then select that account as your rewards deposit account. This way, you can earn 2% cash back and avoid the checking account’s monthly maintenance fee. 

TD Bank Double Up Credit Card's Excellent Perks

When you apply for the TD Bank Double Up Card, you'll receive either a Platinum Visa or Visa Signature card, depending on your credit. At The Balance, we value some of the perks that come with these cards. The Platinum Visa version of this card comes with no perks that we consider "excellent," although the Visa Signature comes with two:

  • Insurance coverage for lost luggage: Up to $3,000 of coverage per trip for checked or carry-on luggage
  • Travel accident insurance: Covers accidental death and dismemberment up to $250,000.

TD Bank Double Up Credit Card's Other Features

Both versions of this card come with a roadside assistance hotline. However, if you're approved for a Visa Signature card, you'll also have access to these perks:

  • Insurance for stolen or damaged purchases
  • Concierge for booking event tickets, travel, and other services
  • Roadside assistance hotline
  • Sports, music, and event ticket presales, plus VIP access at some events
  • Travel and emergency hotline

Customer Experience

TD Bank has 24/7 phone support and you can also get help by walking into a local branch if there's one near you. TD Bank was also ranked seventh of 10 banks in terms of customer satisfaction for mobile banking in a 2020 J.D. Power study.

Security Features

TD Bank uses industry-standard security features. One nice perk is that if you lose your card or if it's stolen, you can walk into any TD Bank around the country and get a free replacement instead of having to wait for one through the mail. TD Bank has over 1,100 locations along the East Coast. 

TD Bank Double Up Credit Card's Fees

The TD Bank Double Up Credit Card comes with a foreign transaction fee, which you'll want to keep in mind if you travel abroad. 

Next Steps
For TD Double Up℠ Credit Card
Compare This Card
See how this card stacks up to the competition
CURRENT CARD
TD Double Up℠ Credit Card
overall rating
4.9
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.99% - 24.99% variable
Annual Fee $0
Rewards Earning Rate Earn up to 2% Cash Back Rewards when you redeem into an eligible TD Bank Deposit Account. Earn 1% Cash Back on purchases. Plus, earn 1% Cash Back when you redeem into an eligible TD Bank Deposit Account
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. TD Bank. "TD Double Up Important Credit Card Terms and Conditions," Page 1. Accessed July 8, 2021.

  2. TD Bank. "TD Double Up Important Credit Card Terms and Conditions," Page 4. Accessed July 8, 2021.

  3. TD Bank. "TD Bank Double Up Card." Accessed July 8, 2021.

  4. TD Bank. "Checking Account With Low Minimum Daily Balance." Accessed July 8, 2021.

  5. TD Bank. "TD Simple Savings Account." Accessed July 8, 2021.

  6. J.D. Power. "2020 U.S. Banking and Credit Card Mobile App Satisfaction Studies." Accessed July 8, 2021.

  7. TD Bank. "TD Bank Contact Us." Accessed July 8, 2021.

  8. TD Bank. "The Benefits of TD Bank." Accessed July 8, 2021.