TD Double Up Card: 2% Cash Back on All Purchases (TD Bank Deposit Account Required)

The TD Double Up card is a new cashback rewards credit card from TD Bank which earns up to 2% flat cash back on all eligible purchases without worrying about the merchant or category.

• 1% cash back on purchases + 1% cash back when you redeem into an eligible TD Bank Deposit Account.
• New customer bonus: $75 cash back via statement credit after $500 in purchases within the first 90 days.
• 0% introductory APR on balance transfers for first 15 billing cycles.
• No annual fee.

At first, I though this was not-so-subtle copycat of the Citi Double Cash card, which offers 1% on purchases + 1% when you pay Citi back for those purchases (which you should each month to avoid carrying a balance). Citi does not required any other accounts with them. Here, the restriction to earn that extra 1% back is that you must be an active holder of a TB Bank checking or savings account. TD Bank only offers accounts to customers in select states:

Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia, Washington, D.C.

Bottom line. If you are a TD Bank customer, the TD Double Up card is another welcome option for a simple flat 2% cash back credit card with no annual fee. Everyone should have a 2% cash back card in their purse/wallets, even if they have other cards with higher cashback in specific categories. If you don’t bank with TD Bank or have a Fidelity account, check out the Citi Double Cash card.