diff --git a/changelog/fix-token-retrieval-per-payment-method b/changelog/fix-token-retrieval-per-payment-method
new file mode 100644
index 00000000000..1ec9a65c246
--- /dev/null
+++ b/changelog/fix-token-retrieval-per-payment-method
@@ -0,0 +1,4 @@
+Significance: minor
+Type: fix
+
+Retrieve saved tokens only relevant for the specific payment gateway.
diff --git a/includes/class-wc-payments-token-service.php b/includes/class-wc-payments-token-service.php
index 46cbe3b5f65..ecd4670e266 100644
--- a/includes/class-wc-payments-token-service.php
+++ b/includes/class-wc-payments-token-service.php
@@ -252,7 +252,7 @@ private function get_gateway_specific_retrievable_payment_methods( $gateway_id )
 
 		foreach ( self::REUSABLE_GATEWAYS_BY_PAYMENT_METHOD as $payment_method => $gateway ) {
 			if ( $gateway === $gateway_id ) {
-				if ( Payment_Method::LINK ) {
+				if ( Payment_Method::LINK === $payment_method ) {
 					if ( $this->is_payment_method_enabled( Payment_Method::LINK ) ) {
 						$methods[] = Payment_Method::LINK;
 					}