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Tangerine Money-Back Credit Card Overview

There are two types of credit cards you can sign up for with Tangerine Bank. They’re the Tangerine Money-Back Credit Card and the World Mastercard. Both credit cards carry zero annual fees. But, you’ll incur an interest rate of 19.95% on your purchases.

Tangerine Money-Back Card Features

Holders of the Money-Back Credit Card can receive rewards of up to 2% on everyday expenses. These include groceries, restaurant meals, gas, public transport, parking, and recurring bill payments.

To obtain a Money-Back Credit Card, you’ll need to earn$12,000+ in annual income and be the age of majority in your province. To qualify, you must also be a permanent Canadian resident with no bankruptcy declarations in the past 7 years.

Lucrative cashback rewards meet top-tier benefits with the Tangerine Money-Back credit card. The card runs on the Mastercard network, and under the surface, it’s packed with several valuable benefits. The most significant benefit is that it carries no annual fee.

Boasting 2% cashback on purchases, this card is easily one of the market’s best cashback credit cards. That said, you can only choose two categories fit for the 2% earn rate. Outside of your chosen categories, you earn 0.5% cashback.

The ability to choose which categories you earn cashback from is a unique bonus. This means you can maximize your cashback. Also, it makes the Tangerine Money-Back Credit Card stand out from other credit cards that have category restrictions.

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You can opt for a direct deposit into your Tangerine account when you redeem your cashback. The Tangerine Money-Back Credit Card is accepted in over 210 countries and at over 24 million stores for another convenient benefit.

Unfortunately, there are no travel insurance benefits with this card. However, you can benefit from an extended warranty and purchase protection.

Essential Information

Network

Mastercard

Provider

Tangerine

Card Type

Cashback

Rewards

The Tangerine Money-Back Credit Card comes with a welcome offer and reward points on eligible purchases.

Welcome Bonus

New cardholders receive an additional 10% money back on everyday purchases of up to $1,000 made within the first 2 months. This reward has a cash value of up to $100.

Cashback

With the Tangerine Money-Back Credit Card, you can earn:

  • Up to 2% cashback on everyday purchases in up to two categories of your choice
  • 0.50% cashback on all other everyday purchases
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Other Perks

Besides the welcome offer and insurance coverage, you’ll earn the following benefits as a cardholder.

  • A 1.95% interest rate on balances transferred from another credit card to your Tangerine Money-Back Credit Card. This promotional rate applies for the first 6 months. Afterwards, you’ll be charged 19.95% for balance transfers.
  • Unlimited cashback to be earned from everyday purchases. Without a cap, this card’s cashback earning potential is astounding.
  • Ability to unlock a third 2% money-back category by getting your rewards deposited into your Tangerine Savings Account.
  • Monthly Money-Back reward deposits are made into your account. Therefore, you can put your cashback to work for everyday purchases.
  • Ten categories to choose from for cashback rewards. This allows you to earn cashback on your major expenses.
  • An extended warranty doubles an original manufacturer’s warranty up to one additional year.
  • Purchase protection for 90 days from the date of purchase for items up to $60,000.
  • Ability to make contactless payments. All you’ll have to do is tap your credit card on a contactless machine to pay for an item.

Costs and Fees

  • Annual fee: $0
  • Interest fee on purchases, cash advances, and balance transfers: 19.95%
  • Cash advance fee within Canada: $3.50
  • Cash advance fee outside Canada: $5
  • Dishonoured payment fee: $25
  • Foreign transaction fee: 2.5%

FAQs about the Tangerine Money-Back Credit Card

How Much Can You Earn With the Tangerine Money-Back Credit Card?

You can earn 2% cashback on purchases you may actually care about. This includes groceries, dining, recurring bill payments, gas and public transportation, and parking.

Who Is the Tangerine Money-Back Credit Card Suited For?

The Tangerine Money-Back Credit Card is ideal for those looking for more cashback categories to earn rewards. Every month, the card earns you 2% cashback on two categories of your choice. Overall, this card is excellent for people who want to maximize their cashback without paying an annual fee.

How Do You Qualify for the Tangerine Money-Back Credit Card?

To qualify for a Tangerine Money-Back Credit Card, you must:

  • Be a permanent Canadian resident
  • Be the age of majority in your province or territory (18 or 19 years old)
  • Meet the credit score requirement
  • Have no bankruptcy declarations in the past 7 years
  • Have a personal annual income of $12,000 or more

What Credit Score Is Needed for the Tangerine Money-Back Credit Card?

The Tangerine Money-Back Credit Card requires a credit score of 670 to 850.

What Is an Interac e-Transfer?

Interac e-Transfer is a quick, safe, and convenient way to transfer money within Canada. Money is transferred through an online banking account. The funds are transferred using safe banking guidelines by an approved bank or credit union.

Transfers are fast, but they could take up to 30 minutes, depending on your bank. For instructions on how to use Interac e-Transfer, visit Tangerine’s website.

What Are the Tangerine Interac e-Transfer Limits?

The daily limit for sending is $3,000 while receiving is $10,000. Moreover, the weekly limit is $70,000 for receiving and $10,000 for sending. Finally, the monthly sending limit is $20,000, with a $300,000 receiving limit.

How Do I Apply for the Tangerine Money-Back Credit Card?

You apply for the Tangerine Money-Back Credit Card online. Visit the Tangerine website and navigate to the Tangerine Money-Back Credit Card. Once there, click the ‘apply now’ button.

Tangerine Money-Back Credit Card Details

Provider
Tangerine
Network Provider
Mastercard
Card Type
Balance Transfer, No Fee, Rewards
Rewards Type
Cashback
Annual Fee
$0
Purchase Interest Rate
19.95%
Cash Advance Rate
$3.50
Balance Transfer Rate
1.95%
Credit Needed
Good (660 - 724)
                                                                                                                    

Tangerine Money-Back Credit Card Offices

Phone Number
Hours
24 hours a day, 7 days a week
Address
3389 Steeles Avenue East Toronto ON M2H 0A1 Canada
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Tangerine Money-Back Credit Card Card Details
  • Min. Credit :
    Good (660 - 724)
                                                                    
  • Card Type : Balance Transfer, No Fee, Rewards
  • Reward Type : Cashback
  • Providers : Tangerine
  • Network Provider : Mastercard
Tangerine Money-Back Credit Card Social Media
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