The Tangerine Money-Back Credit Card is a popular choice for Canadians looking to earn cash back on everyday purchases without the hassle of an annual fee.
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With flexible categories and the ability to earn rewards faster, this card is perfect for those who want to make their money work for them.
Key Benefits
Earn Up to 2% Cash Back – You can earn 2% cash back in up to three categories of your choice, such as Groceries, Gas, Restaurants, Entertainment, and more. All other purchases earn 0.5% cash back automatically.
No Annual Fee – This card comes with no annual fee, making it a great option for anyone looking to maximize rewards without additional costs.
Customizable Categories – Unlike many other cards, Tangerine allows you to choose and change your cash back categories. You can select up to two categories, and if you deposit your rewards into a Tangerine Savings Account, you can add a third category.
Flexible Rewards – Your cash back is earned monthly and can be redeemed as a direct deposit into your bank account or applied as a credit on your statement.
Requirements to Apply
To qualify for the Tangerine Money-Back Credit Card, you must meet the following criteria:
Be a Canadian resident.
Have a minimum annual income of $12,000.
Have reached the age of majority in your province or territory.
Have a credit score that meets Tangerine’s approval standards (typically fair to good credit).
No bankruptcy in the past seven years.
How to Apply
Applying for the Tangerine Money-Back Credit Card is simple:
Online Application – Head to the Tangerine website, fill out the application form with your personal details, income, and financial information.
Approval Process – Tangerine will review your application and typically respond within a few days. In some cases, they may ask for additional documentation to verify your information.
Receive Your Card – Once approved, you will receive your card in the mail within 7-10 business days. After activation, you can start earning cash back right away.
Fees and Interest Rates
- Annual Fee: $0
- Purchase Interest Rate: 19.95%
- Balance Transfer Rate: 19.95%
- Cash Advance Rate: 19.95%
- Foreign Transaction Fee: 2.5% per transaction
Additional Features
Balance Transfers – You can transfer balances from other credit cards to your Tangerine card at a regular rate of 19.95%, but keep in mind there is no promotional offer for lower balance transfer rates.
Security Features – Enjoy the peace of mind with purchase protection, extended warranties, and zero liability for unauthorized transactions.
Mobile App – Manage your card and rewards with ease using the Tangerine mobile app, which offers real-time balance updates, category changes, and more.
