Compare Tangerine Credit Cards in Canada

Filters
Close Clear All

Credit Card Type
Credit Card Usage
Credit Card Features
Recommended Credit Score
 
Welcome Bonus Value Estimated dollar value of the credit card welcome bonus
Annual Fee The annual fee on a credit card is a fee you pay each year to use the card
Purchase APR The interest Percentage Rate applied to all purchases you make with your credit card.
Cash Advance APR The Annual Percentage Rate applied if you used your card to get funds via ATM.
Recommended
Credit Score
Recommended credit score range required to be eligible for approval for the credit card

 

Tangerine has a variety of credit cards to suit your needs, including the Tangerine Money-Back Credit Card and World Mastercard®. With no annual fee on either one these credit cards and many perks.


Tangerine Credit Cards Overview

Consumers who want to earn cashback based on their purchase amounts and not their purchase locations will find that Tangerine Credit Cards are the perfect match. In addition, Tangerine does not penalize low-income earners making this a great option for students and low-income earners who still want to be rewarded for their spending.

Benefits and Perks of Tangerine Credit Cards

Tangerine Credit Cards offer generous cash back perks. The Tangerine Money-Back credit card offers 2% cashback in up to three categories such as groceries, entertainment, gas, etc. This allows shoppers to choose where they want to be rewarded, which is very generous since most credit cards only offer select merchants within select categories. In addition, cardholders earn .5% back on all other purchases at all times.

Tangerine credit card balance transfer offer

Other benefits include a low balance transfer of just 1.95% for eligible applicants and no annual fee which makes it an affordable option for credit consumers.

Additionally, the Tangerine Money-Back credit card only requires an income of $12K so every household can enjoy its benefits.
The Tangerine World Mastercard requires a minimum personal income of 60k or a household income of 100k.

The Tangerine World Mastercard offers similar perks with 2% cashback in two shopping categories and .5% cash-back on everyday purchases. In addition, Tangerine credit cards do not place a cashback annual limit on potential earnings so if you keep spending you keep earning.

Tangerine Credit Card Cons

It should be noted that Tangerine credit card holders can only elect to change their categories every 90 days. Therefore, if you find that you are not spending as much as you thought within a category you will need to wait to change your selection. In addition, wholesale purchases do not count toward rewards totals. Frequent Costco shoppers therefore may not earn as much as they initially thought within the grocery category.

Types of Tangerine Credit Card Rewards

Tangerine credit cards lean heavily on cash-back rewards. Cashback is used towards the card balance on a monthly basis or can be directly deposited into a Tangerine Savings Account.


Tangerine Credit cards

Tangerine's credit cards come with $0 annual fees and offer card holders up to 2% back in rewards. The bank offers two Mastercards: the Tangerine World Mastercard and the Tangerine Money-Back Credit Card.

Tangerine Credit Card Cash Back Categories:

      • Grocery
      • Furniture
      • Restaurants
      • Hotel-Motel
      • Gas
      • Recurring Bill Payments
      • Drug Store
      • Home Improvement
      • Entertainment
      • Public Transportation and Parking


Tangerine World Mastercard






  • Unlimited monthly cash back rewards
  • Personalized rewards categories
  • Boingo Wi-Fi for Mastercard
  • Mastercardtravel rewards
  • On-Demand and Subscription Services
  • Rental car insurance
  • Mobile device insurance
  • Mastercard airport experiences from LoungeKey

Rental Car Collision/Loss Damage Insurance

Damage and theft protection for your car rental when you rent for up to 31 consecutive days and charge the full cost of your rental to your Card.

Mobile Device Insurance

Protection on new cell phones, smartphones or tablets when you charge the full cost to your Card, or when you purchase it through a plan and charge all of your wireless bill payments to your Card. Covers up to$1,000 if your mobile device is lost, stolen, accidentally damaged or experiences mechanical failure.

On-Demand and Subscription Services

Save on the things you love with your Tangerine World Mastercard. Enjoy special benefits and offers from a growing lineup of on-demand apps and subscription services made available to you as a Tangerine World Mastercard cardholder.

The Tangerine World Mastercard is a new addition to Tangerine's financial products. As with the Tangerine Money-Back Mastercard, there is no annual fee, 2% cash back on three categories and 0.5% cash back on all other purchases. Some of Tangerine?s spending categories include restaurants, furniture, groceries, gas, home improvement and entertainment.

The World Mastercard offers new perks to their customers that are not available to Tangerine Money-Back Mastercard users. Mobile insurance of $1,000, rental car insurance worth $65,000 for 31 days and Mastercard airport experiences are perks that cardholders gain access to. Both of these insurance packages are beneficial for individuals who have a smartphone and renting cars often. In addition, with the Mastercard LoungeKey membership, you can access airport lounges all over the world at a discounted rate.

All in all, the Tangerine World Mastercard is an excellent choice because of the cash back rewards and other perks.

Eligibility Requirements

To obtain your card you must meet one of the following criteria:
  • Gross annual income of $60,000

  • Gross Household Income of $100,000

  • Total balances of $250,000 or more in Tangerine Savings Accounts and/or Investment Fund Accounts

  • Age of majority in your province or territory

  • Permanent resident of Canada

  • Clear of bankruptcies over the past 7 years

For these qualification criteria, you have to earn a minimum gross annual income of $12,000.
 

 


Tangerine Money-Back Credit Card







  • Unlimited monthly cash back rewards
  • Personalized rewards categories

Credit Card Insurance

Purchase Assurance and Extended Warranty. For most new purchases made anywhere in the world using your Tangerine Money-Back Credit Card, you may receive a lifetime maximum of up to $60,000 for the following insurance coverage:

  • Purchase Assurance to automatically cover loss, theft or damage on most new insured items for 90 days from the date of purchase
  • Extended Warranty which may double the period of repair services to a maximum of one year



Viewed as one of the best credit cards in Canada, Tangerine Money-Back Credit Card 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.

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. Overall it is a great credit card for those who would like to maximize the cashback they earn by choosing their spend categories to earn more cashback.

Assurance & Warranties

You also get peace of mind when you use your Tangerine card as they offer purchase assurance for 90 days on eligible purchases. If you damage or lose something, you are covered. Their extended warranty offers additional coverage for up to one additional year of eligible purchases.


Balance Transfer

If you are interested in saving on high-interest credit card balances, you can transfer those balances to your Tangerine card for a lower rate of just 1.95% for six months. Although a 1% balance transfer fee applies, if you can manage to pay your card off within a six-month period or less, you can really see a difference in the amount of interest you pay. Just keep in mind that it rises to 19.95% after the six-month offer, so compare this with what you are currently paying and how long you expect to carry the balance.

 
Eligibility Requirements


To obtain your card you must meet one of the following criteria:
  • Gross annual income of $12,000 or more
  • Age of majority in your province or territory
  • Permanent resident of Canada
  • Clear of bankruptcies over the past 7 years



Tangerine's Awards and Recognitions

Since it's conception, Tangerine has consistently been recognized with industry rewards for its service and products. Most recently, its awards include JD Power 2020 awards for being the top Midsize Banking Segment, as well as the best bank in its class in the following categories:

  • Products & fees
  • Communication & Advice
  • New account opening
  • Channel activity

Additionally, in 2019, Tangerine's World Elite Mastercard was recognized for its rewards, communication and credit card terms and it ranked highest overall in the Credit Card Satisfaction Study.

Tangerine has also been recognized by Canada's Product of the Year awards, as well as the Ipsos Banking Awards.

Is Tangerine the Right Bank For You?

If you're after a bank that offers generous sign-up bonuses, referral rewards and interest rates, Tangerine just might be the bank for you. Of course, it's important to consider whether or not you're willing to give up the personal experience of banking in a physical branch and complete your transactions entirely online.

As a reminder, some of Tangerine's most desirable features and products include:

  • No-fee chequing
  • High-interest savings
  • Unlimited transactions
  • Free Interac e-transfers
  • $200* sign-up bonus
  • Up to $2,000 in referral rewards
  • TFSA, GIC, RIF and RSP accounts
  • HELOC and traditional lines of credit
  • Tangerine Credit Cards(Multiple Mastercard options with customizable rewards)

 

Tangerine Credit Card FAQ'S

How to get a Tangerine credit card?

The best option to get a credit card from Tangerine is to apply online on our website through our secure links above or below.

Tangerine Mastercard income requirements

Below are the requirements to get a credit card from Tangerine.

  • Gross annual income of $12,000 or more for the Money Back Credit Card and a minimum personal income of 60k or a household income of 100k for the Tangerine World Credit Card
  • The age of majority in your province or territory
  • A permanent resident of Canada
  • Clear of bankruptcies over the past 7 years

The best way to get a tangerine credit card is to apply online. Please review the full Terms and Conditions before completing your online application.

Tangerine provides choice, value and convenience to beginner credit card users and even works great as a secondary credit card.

Is Tangerine credit card hard to get?

The recommended credit score for a Tangerine credit card is between 670 to 850.

Does Tangerine credit card have travel insurance?

Tangerine Mastecard Insurance

Tangerine offers great benefits for the cardholders however do not offer travel insurance. Read more about credit card insurance here.

Does Tangerine have credit cards?

Tangerine offers 2 great credit cards below. Read our review on them.

Tangerine Money-Back Credit Card

Tangerine World Mastercard


Is Tangerine a good credit card?

Tangerine has two credit cards. The Tangerine Money-Back Credit Card and the Tangerine World Mastercard. Both offer no annual fee and a 19.95% interest rate. They offer purchase assurance and extended warranty on products fully purchased with their credit cards.

Tangerine also offers 2% Money-Back Rewards in two categories of your choice and 0.05% on all other everyday purchases. If you deposit your Money-Back directly into a Tangerine savings account, you unlock a third 2% Money-Back Rewards category. This credit card has no cap on the amount of Money-Back Rewards you can earn. The Tangerine Money-Back Credit Card is a great choice and is competitive with the credit card options of big banks. The Tangerine World Mastercard has added benefits and is harder to qualify for. Benefits include: Mastercard travel rewards, Mastercard airport experiences, mobile device insurance, car rental insurance, and worldwide wi-fi hotspot access.


How do I qualify for a Tangerine credit card?

Tangerine Money-Back Credit Card

To qualify for this credit card, you must have: a gross annual income of $12,000 plus, be the age of majority in your province or territory, be a permanent resident of Canada and be clear of bankruptcies over the past 7 years.


Tangerine World Mastercard

To qualify for this credit card, you must have: $60,000 plus gross annual income OR $100,000 plus household income OR $250,000 in Tangerine bank accounts. AND you must: be the age of majority in your province or territory, be a permanent resident of Canada and be clear of bankruptcies over the past 7 years.

Does Tangerine do a credit check?

Yes, Tangerine will do a credit check as you must agree to a credit check as part of your application process for either credit card Tangerine offers.

What credit bureau does Tangerine use?

Tangerine pulls credit history and credit scores using the TransUnion credit reporting agency.

How do I increase my Tangerine credit card limit?

Tangerine does not provide information on their website about how to increase credit card limits. In most cases, maintaining a good payment history and low borrowing load will welcome credit increases. Often banks and creditors will offer regular increases without requests, but you will be asked and must approve these increases. If you would like a credit increase, you can call and speak to Tangerine’s client service representatives, who can walk you through their specific process and submit your request for a credit increase. Tangerine, like most banks, has an online credit increase form you should be able to complete and submit on your own too.

How to apply for Tangerine credit card?

The best way to get a Tangerine credit card is to apply online through our secure links below. Please review the full Terms and Conditions and complete your online application.

To be eligible, you must meet the following requirements:

Tangerine Money-Back Credit Card

  • Have a gross annual income of at least $12,000
  • Be the age of majority in your home province or territory
  • Have no bankruptcies over the past 7 years
  • Be a permanent resident of Canada

Tangerine World Mastercard

  • Have a minimum personal income of $60,000 or $100,000 household income
  • Have no bankruptcies over the past 7 years
  • Be a permanent resident of Canada

Application for Tangerine World Mastercard

Other Credit Card Issuers