My Rate Compass

Card Details

Bank Name: Tangerine
Network Type: Mastercard
Card Type: Personal

Fees

Annual Fee: $0
Additional Card Fee: $0
Purchases Interest Rate: 19.95%
Cash Advance Interest Rate: 19.95%

Eligibility

Personal Income Required: $15000
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Tangerine Money-Back Credit Card

Welcome Bonus:
Special Offer:
Earn 4% Money-Back Rewards on purchases in two Money-Back Categories*
Apply Now On Bank's Secure Website
 
Credit Card snapshot
Tangerine Money-Back Credit Card Review

Earn 4% Money-Back Rewards on purchases in two Money-Back Categories of their choice, and 0.50% Money-Back Rewards on all other purchases.

  • 2% Rewards in your chosen categories
  • Get 0.50% money back on all other everyday purchases.

  • Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.

  • No limit on the amount of Money-Back Rewards you can earn.

  • Change your 2% Money-Back Categories to suit your everyday spending.

    • Optimizing your 2% Money-Back Categories to suit your everyday spending has never been easier. Choose your categories to earn the most money back.

    • During your first 6 months, transfer balances from your other high interest rate credit cards, and pay only 1.95% interest on the transferred balance for the first 6 months.

      Fees:

      • Annual: $0
      • Balance transfer: 3% with $5 minimum
      • Cash advance: $3.50 inside Canada, $5 outside Canada, plus 19.95% interest on overdue amounts
      • Foreign transaction: 2.5% per transaction
      • Missed or late payments: increased interest rates to 24.95% on all purchases
      • Over limit: $25 (Tangerine does not allow you to go over your limit unless the transaction was pre-approved)

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Credit Card Rewards
Categories cash back earn rate
2
Credit Card Features
Priority airport services
No
Airport lounge access
No
Concierge service
No
Balance protection(Optional)
No
Purchase Security & Extended Protection Insurance
Yes
Flight delay insurance,Baggage Insurance
No
Vehicule rental insurance
No
Travel accident insurance
No
Travel medical insurance
No
User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 0 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

 
 

Advantages:


Earn 2% Money-Back Rewards on your everyday purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all your other everyday purchases

Rewards Features

  • Get 0.50% money back on all other everyday purchases.

  • Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.

  • No limit on the amount of Money-Back Rewards you can earn.

  • Change your 2% Money-Back Categories to suit your everyday spending.

 

Editor`s Review:

Great credit card for those who would like to maximize the cashback they earn by choosing their spend categories to earn more cashback.

Regarded as one of the best credit card in Canada, Tangerine provides no annual fee, a lucrative 2% cash back in up to 3 merchant categories, and 0.5% on all other purchases with no caps, tiers or limits. It provides choice, value and convenience to beginner credit card users and even works great as a secondary credit card.

You may have seen Tangerine's logo at the last Raptor's game - it's bright orange and friendly looking! If you haven?t seen the logo floating around yet, remember the name because it?s an up and coming financial institution in Canada - and for good reasons.


Tangerine's credit card is one of the most amazing financial products on the market. The most notable feature is the cash back rewards. Who wouldn't want to earn money while they spend! In order to determine an estimate of how much you?ll earn using this card, take your total credit card spending per month and multiply it by 1%. Typically, these card users average out to 1% cash back on purchases between the special 2% categories and 0.5% on all other purchases. If you spend $1,000 a month, you'll earn $10 ($1,000 x 0.01)!


Tangerine's Money Back Credit Card has lower than average fees as well. In addition, they are an excellent bank to work with since they?re owned by Scotiabank. More often than not, Tangerine's clients benefit indirectly from Scotiabank's services without paying the big bank fees. That being said, Tangerine's services are so affordable because they don't offer in person services the way traditional banks do. If that's something you value, this card might not be right for you.


The Tangerine Money Back Credit Card is one of the best credit cards on the market right now. Getting cash back as a reward is essentially the most optimal reward you can get since it can be put towards other expenses. In addition, this card is affordable to use and accessible to nearly every Canadian. Great work Tangerine!

Apply Now On Bank's Secure Website

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