The
TD Double Up Credit Card is a good credit card for people with
excellent credit, offering elite rewards in addition to a
$0 annual fee and a
0% introductory APR for balance transfers. Rewards-wise, cardholders earn
2% cash back on all purchases, plus
$150 after spending $1,000 in the first 90 days.
One downside to this offer is its relatively high regular APR, which could be anywhere from
20.24% to 30.24% (V), depending on your overall creditworthiness. The card also has a
3% (min $5) balance transfer fee. These shortcomings can be managed or avoided, however, so the
TD Double Up Credit Card could certainly help you save money.
Below, you can find more information to help you decide whether or not to apply for the
TD Double Up Credit Card.
TD Double Up Credit Card Review Highlights
2% cash back on all purchases
This ongoing rewards rate is nearly double what the average rewards card currently offers. It’s particularly beneficial for people who don’t want to worry about rewards that differ depending on what’s being purchased. You can find higher earning rates on specific types of purchases, but you won’t be able to do better as far as a flat rewards rate is concerned.
$150 initial bonus
New cardholders who spend
$1,000 within
90 days of opening an account qualify for this initial bonus. Once you qualify, the bonus should be credited to your account within 6-8 weeks.
$0 annual fee
The
TD Double Up Credit Card’s
$0 annual fee saves cardholders
$21.58 per year compared to the average credit card offer and hundreds of dollars compared to some luxury rewards cards.
20.24% - 30.24% (V) APR normally
If you don’t pay off your purchases in full by the due date each month, your balance will accrue interest at a rate of
20.24% to 30.24% (V), depending on your overall creditworthiness. This will continue until you pay the full balance owed two months in a row. Doing so will reinstate your grace period for new purchases, allowing you to avoid interest charges as long as you pay in full by the due date each month moving forward.
0% for 15 billing cycles on balance transfers
If you owe another credit card company and want to reduce the cost of that debt so you can pay it off sooner, the
TD Double Up Credit Card’s new-cardholder promotion could help. More specifically, you can enjoy an introductory balance transfer APR of
0% for 15 billing cycles.
Even combined with a
3% (min $5) balance transfer fee, such a long interest-free period can save you a lot of money. You can use
WalletHub’s balance transfer calculator to see just how much you could save.
Visa benefits
The
TD Double Up Credit Card offers perks such as
cell phone protection and
fraud liability coverage. These benefits are available on other Visa cards, too, but they are helpful nonetheless.
750+ credit score recommended
The
TD Double Up Credit Card requires
excellent credit for approval, which means you’ll want to have a score of
750 or higher. You can
check your credit score for free right here on WalletHub to get a sense of your chances.
