Tangerine Money-Back Credit Card Review

With the Tangerine Money-Back Credit Card, you're not locked into pre-set reward categories that don't align with your life.

The Tangerine Money-Back Credit Card isn’t just about earning cash back; it’s about earning it your way, on your terms. This card is a game-changer for savvy Canadians who demand flexibility, simplicity, and real, tangible value from their everyday spending.

It’s time to say goodbye to one-size-fits-all rewards and hello to a personalized cash back experience that truly works for you!

CREDIT CARD

Tangerine Money-Back

Annual fee $0 Money-Back Unlimited

Access everything you need with a credit card

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Ways to Benefit: Your Spending, Your Rewards!

The Tangerine Money-Back Credit Card is packed with features designed to offer flexibility, value, and convenience, making it a standout choice for no-fee cash back.

1. $0 Annual Fee: This is a cornerstone benefit! Enjoy all the fantastic cash back opportunities and card features without ever paying an annual fee.
2. Customizable 2% Money-Back Categories: This is where the Tangerine card truly shines! You get to choose two spending categories from a list of 10 (like groceries, gas, restaurants, recurring bills, and more) where you’ll earn an unlimited 2% cash back. 
3. Unlock a Third 2% Category: Boost your earning power even further! If you choose to have your monthly Money-Back Rewards automatically deposited into a Tangerine Savings Account, you get to select a third 2% cash back category.
4. 0.5% Cash Back on All Other Purchases: The rewards don’t stop with your chosen categories. For every other purchase you make that doesn’t fall into your 2% selections, you’ll still earn a solid 0.5% cash back. 
5. Unlimited Cash Back: There’s no cap on the amount of cash back you can earn! Whether it’s in your 2% categories or the 0.5% base rate, your earning potential is limitless. 
6. Automatic Monthly Payout: Forget about waiting to accumulate a large sum or manually redeeming points. Your Money-Back Rewards are automatically calculated and paid out to you every month.
7. Flexibility to Change Categories: Your spending habits can change, and your card should too! Tangerine allows you to change your 2% Money-Back Categories to better suit your evolving spending patterns.
8. Welcome Offer (When Available): Keep an eye out for attractive welcome offers! Tangerine frequently provides an introductory bonus for new cardholders. This can give your rewards a significant initial boost!
9. Low Balance Transfer Introductory Rate (When Available): If you’re looking to manage existing credit card debt, Tangerine often offers a promotional low interest rate on balance transfers for a set period (e.g., 1.95% for 6 months) when you first get the card.

Who Can Apply: Eligibility Criteria

To be eligible for the Tangerine Money-Back Credit Card, you generally need to meet the following criteria:

• Age of Majority: You must be at least the age of majority in your province or territory of residence (either 18 or 19 years old).
• Canadian Resident: You must be a permanent resident of Canada.
• Minimum Annual Income: A minimum gross annual personal income of $12,000 is typically required. 
• Credit Score: While Tangerine doesn’t publicly disclose a specific minimum credit score, a fair to good credit score (often suggested to be 600-660 or higher by third-party reviewers) is generally needed for approval. Tangerine will perform a credit check as part of the application process.
• Clear of Recent Bankruptcies: Applicants should typically be clear of bankruptcies over the past 7 years.

Meeting these criteria does not guarantee approval, as Tangerine will assess your overall creditworthiness and financial situation.

How to Apply: Your Steps to Personalized Rewards

Applying for the Tangerine Money-Back Credit Card is primarily done online, reflecting Tangerine’s digital-first banking approach:

1. Visit the Tangerine Website: Navigate to the official Tangerine Canada website.
2. Find the Credit Card Section: Look for the section on credit cards and select the Tangerine Money-Back Credit Card.
3. Review Card Details: Read through the card’s features, benefits, current promotional offers, interest rates, and fees to ensure it’s the right fit for you.
4. Click “Apply Now”: Start the online application process by clicking the relevant “Apply Now” or “Sign Me Up” button.
5. Provide Personal Information: You’ll need to fill out the application form with your personal details.
6. Consent to Credit Check: As part of the application, you will need to provide your consent for Tangerine to perform a credit check with a credit bureau.
7. Choose Your Money-Back Categories: During the application process or immediately after approval, you will be prompted to select your initial two 2% Money-Back Categories.
8. Review and Submit: Carefully review all the information you’ve entered for accuracy before submitting the application.
9. Await Decision: After submitting your application, Tangerine will process it. You may receive an instant decision online, or it might take a few business days for a review. Tangerine will notify you of their decision.
10. Receive and Activate Your Card: If approved, your new Tangerine Money-Back Credit Card will be mailed to you. Once you receive it, you’ll need to activate it online or by phone following the provided instructions.

If you are already a Tangerine client, you can often apply by logging into your existing online banking profile.

Frequently Asked Questions (FAQ)

Here are some frequently asked questions about the Tangerine Money-Back Credit Card:

1. Is there a limit to how much cash back I can earn?
   No, there is no limit on the amount of Money-Back Rewards you can earn.
2. What kind of insurance benefits does the card offer?
   The Tangerine Money-Back Credit Card typically includes Purchase Assurance and Extended Warranty.
3. Can I use this card at Costco?
   Yes, Costco warehouses in Canada accept Mastercard, so you can use your Tangerine Money-Back Credit Card there.
   

CREDIT CARD

Tangerine Money-Back

Annual fee $0 Money-Back Unlimited

Access everything you need with a credit card

APPLY NOW You will be redirected