TD Double Up – How to apply

By Marcos • 12/01/2024

The Double Up℠ credit card stands out in the competitive financial world by offering an irresistible proposition: cash back on all purchases. 

From the simplicity of accumulating rewards to the additional benefits, such as debt management, this card promises not only to make your financial life easier, but also to give you a sense of appreciation with every transaction. 

Read on to discover the main benefits, drawbacks and everything you need to know before applying for your Double Up.

No annual fee, generous cashback, and easy redemption make TD Double Up a standout credit card choice.

How does the Double Up Visa work?

The TD Double Up Visa credit card is an attractive option for those looking to maximize their cash back rewards. 

With a 2% cash back structure on all purchases, it stands out among competitors offering similar fixed rewards. 

In addition, the card offers a generous sign-up bonus and an advantageous introductory APR rate on balance transfers, making it an interesting choice for new customers.

However, it is important to note that the availability of this card is restricted to residents of some states, due to the limited presence of TD Bank. 

Main benefits of Double Up Visa

One of the main benefits of Double Up Visa is its cash back rewards program. With 2% on all purchases, users can accumulate a significant return over time. 

This type of reward is especially valuable for consumers who prefer not to worry about rotating categories or spending limits.

What’s more, the sign-up bonus is a feature that can’t be ignored. 

When opening an account, new customers have the chance to receive a sum of money back, which can be an initial boost for accumulating rewards. 

This offer is an effective way of encouraging new customers to try the card and thus potentially become loyal customers.

Another important advantage is the introductory APR rate on balance transfers.

And additional advantages increase the security and convenience of its use. 

One of the main offers is cell phone protection, which covers up to two claims of up to $500 per year, as long as the phone bill is paid with the card. 

The card also offers a notification service for cases of loss or theft, guaranteeing quick replacement of the card, and includes modern features such as contactless payments and integration with digital wallets.

In addition to the practical advantages, users also have access to exclusive benefits associated with Visa Signature if they qualify. These include:

• Purchase protection and extended warranty coverage, which can be extended to include a new card.
• And finally, the Visa Luxury Hotel Collection privileges which offer access to differentiated accommodation experiences, raising the status of the card and making it an attractive option for those who value both practicality and exclusivity.

Cons of Double Up Credit Card

Despite its many advantages, Double Up is not without its drawbacks. The main limitation is the geographical restriction, as the card is only available to residents of certain states. 

In addition, some users may find the standard APR rate after the introductory period to be high, especially if they are unable to pay off the full balance each month. 

Finally, although the card offers a good cash back return, there are other cards on the market that may offer superior rewards in specific categories, such as travel or restaurants. 

APR and Fees

The Double Up annual fee is $0. And the rewards rate is 2% on all purchases. 

In addition, the bonus offer of $150 cash back when spending $1,000 in the first 90 days adds an extra incentive for new customers.

After an introductory period with 0% APR on balance transfers in the first 15 billing cycles, the interest rate can vary between 19.74% and 29.74%, depending on the user’s credit rating.

The cash advance rate is 29.99%, which can be a significant charge. 

Balance transfer fees are also relevant, costing US$5 or 3% of the amount transferred, whichever is greater. 

Finally, a foreign transaction fee of 3% on each transaction made in US dollars applies. 

How to apply for the Double Up Visa

To apply for the Double Up credit card, the first step is to check whether you live in one of the states where TD Bank operates. 

If you are within the coverage region, you can start the online application process via the TD Bank website. 

The process is relatively simple and quick, requiring you to provide personal information such as your name, address and income.

Once your application has been submitted, the bank will carry out a credit analysis.