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Credit Cards

TD Double Up Card vs. Citi Double Cash Card: Which is the best card for earning 2% cash back?

The TD Double Up Card and Citi Double Cash Card both allow you to earn up to 2% cash back after qualifying activities. Here's which card has a better rewards program.

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TD Bank recently launched a new cash-back card, the TD Double Up℠ Credit Card, that is a direct competitor to the Citi® Double Cash Card.

Both cards have no annual fee and can earn you up to 2% cash back on all eligible purchases. Plus, there are intro 0% APR periods that can help you get out of debt.

If you're looking for a flat-rate cash-back card, you may find it difficult to choose between the TD Double Up and Citi Double Cash, since they offer many of the same perks. To make your decision easier, here's a breakdown of the rewards, additional benefits and fees of each card.

TD Double Up Card vs Citi Double Cash Card

TD Double Up Citi Double Cash
Annual fee$0$0
Regular APR14.99% to 24.99% variable on purchases and balance transfers14.74% - 24.74% variable on purchases and balance transfers
Intro APR0% for the first 15 billing cycles on balance transfers; N/A for purchases0% for the first 18 months on balance transfers; N/A for purchases
Rewards2% cash back: 1% cash back on purchases and an additional 1% cash back when rewards are redeemed into an eligible TD deposit account2% cash back: 1% on all eligible purchases and an additional 1% after you pay your credit card bill
Welcome bonusEarn $75 cash back in the form of a statement credit when you spend $500 within the first 90 days after account openingNone

Rewards

Both cards offer cash-back programs that allow you to earn up to 2% back. However, the qualifying activities vary by card:

  • TD Double Up: 1% cash back on purchases and an additional 1% cash back when rewards are redeemed into an eligible TD deposit account, like a checking, savings or money market account.
  • Citi Double Cash: 1% on all eligible purchases and an additional 1% after you pay your credit card bill.

With both cards, you simply need to make an eligible purchase to earn the first 1% cash back. Then you can earn an additional 1% back by redeeming rewards to an eligible deposit account (TD) or paying your bill (Citi).

Cardholders of either card can redeem rewards for cash back as a statement credit, direct deposit and gift cards. There is a $25 minimum threshold for redemptions on both cards.

The Citi Double Cash card doesn’t offer a welcome bonus, but the TD Double Up card does: earn $75 cash back in the form of a statement credit when you spend $500 within the first 90 days after account opening.

Winner: It depends. Overall, the Citi Double Cash wins since the card offers a simpler way to earn the full 2% cash back. There’s no need to open an eligible deposit account and redeem rewards into it.

But if you want to earn a welcome bonus and don’t mind redeeming rewards into an eligible TD Bank deposit account, the TD Double Up card is the better choice.

Additional perks

The TD Double Up card and Citi Double Cash card are both basic cash-back cards. You’ll receive standard perks, like digital wallet and contactless capability and $0 liability on unauthorized charges.

Winner: Tie — both cards are relatively no-frills.

Fees

Neither card charges an annual fee. The foreign transaction fees are also the same at 3%.

While neither card offers an intro 0% APR on new purchases, they both have balance transfer offers:

  • TD Double Up: Intro 0% APR for the first 15 billing cycles on balance transfers. After, 14.99% to 24.99% variable APR on purchases and balance transfers. There's a balance transfer fee of 3% of the amount of each transfer ($5 minimum).
  • Citi Double Cash: Intro 0% APR for the first 18 months on balance transfers. After, 14.74% - 24.74% variable APR on balance transfers. There's an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first four months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Winner: The Citi Double Cash card offers three more months on balance transfers and currently has an APR range that’s 1% lower than the TD Double Up card.

Bottom line

The TD Double Up credit card and the Citi Double Cash card can both help you maximize cash back on all eligible purchases with minimal work. The up-to-2% cash-back programs only vary slightly and can easily earn you rewards.

If you’re an existing TD Bank deposit account holder or simply don’t mind opening an eligible account to earn the full 2% cash back, you may want to consider the TD Double Up card.

But if you already have a bank account elsewhere and rather earn the full 2% cash back by paying your bill, the Citi Double Cash is the card for you.

TD Double Up℠ Credit Card

Information about the TD Double Up℠ Credit Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    2% cash back: 1% cash back on purchases and an additional 1% cash back when rewards are redeemed into an eligible TD deposit account

  • Welcome bonus

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

  • Annual fee

    $0

  • Intro APR

    0% for the first 15 billing cycles on balance transfers; N/A for purchases

  • Regular APR

    14.99% to 24.99% variable on purchases and balance transfers

  • Balance transfer fee

    Either $5 or 3% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    3%

  • Credit needed

    N/A

Terms apply.

Citi® Double Cash Card

On Citi's secure site
  • Rewards

    2% cash back: 1% on all eligible purchases and an additional 1% after you pay your credit card bill

  • Welcome bonus

    No current offer

  • Annual fee

    $0

  • Intro APR

    0% for the first 18 months on balance transfers; N/A for purchases

  • Regular APR

    14.74% - 24.74% variable on purchases and balance transfers

  • Balance transfer fee

    For balance transfers completed within 4 months of account opening, an intro balance transfer fee of 3% of each transfer ($5 minimum) applies; after that, a balance transfer fee of 5% of each transfer ($5 minimum) applies

  • Foreign transaction fee

    3%

  • Credit needed

    Good/Excellent

Terms apply.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.