The TD Double Up Credit Card is an excellent choice for a cash back credit card but with a big “if” attached to it. If you have an eligible TD bank account or if you’re willing to open one and live in one of the states where TD has a footprint, then sure, it’s a solid pick. Earning a net 2% cash back on everything you buy is a terrific earning rate that’s easy to understand. With this card you’ll earn 1% on all eligible purchases and another 1% when you redeem your rewards into an eligible TD deposit account.
If that last part sounds familiar, it’s because that’s a similar set-up to the Citi Double Cash Card, which earns 1% cash back when you make a purchase and another 1% when you pay the bill.
If you’re looking for an all-purpose cash back card that earns simple and generous rewards, which one should you pick? If you have, or are willing to have, a TD Bank deposit account and live in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia or Washington, D.C., the TD Double Up could be a good choice for you. This is especially true since it offers a welcome bonus, which the Citi Double Cash does not.
But, for most, the Citi Double Cash is a better option since it has greater all-around flexibility in how you can redeem your earnings. Unlike the TD Double Up card, which only lets you redeem into an eligible TD deposit account, you can take your earnings on the Citi Double Cash as a statement credit, deposit into a qualifying bank account, a check mailed to you or convert them into Citi ThankYou points which can be used to book travel or transfer to one of Citi’s travel transfer partners at greater potential value.
Source: on 2021-05-27 08:56:15
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