Tangerine Money-Back Credit Card
This card is built for people who want no annual fee and more control over where they earn bonus cash back. Its standout feature is category customization, which lets you align the 2% earn rate with your own spending habits.
Welcome bonus
Earn 10% cash back in first 2 months on up to $1,000.
worth approximately $100
~$100 first-year value
Earn rates
What this card earns you
Enter what you spend in a month. Caps are applied exactly as the card states them.
Annual spend
$21,600
$1,800 a month
Estimated rewards
$279
per year, after caps
After the annual fee
$279
no annual fee
2%
$120
per year
2%
$36
per year
2%
$72
per year
0.5%
$12
per year
0.5%
$24
per year
0.5%
$15
per year
Estimates use each card's published earn rates and spending caps, annualized from your monthly figures. Where a cap is shared across categories it is split in proportion to what you spend in each. Welcome bonuses are not included.
Key facts
Annual fee
$0
$0 for Additional Card.
Purchase APR
20.95%
Cash advance APR
22.95%
Foreign transaction fee
2.5%
Income required
$12,000 personal
Credit score
600+
Balance transfer fee
3% of amount transferred (min. $5)
Quebec residents — terms may differ
Standard interest rates apply in Quebec (20.95% / 22.95%), with no annual fee and a mandatory 5% minimum monthly payment.
Rates and fees sourced from Tangerine's official card page →
Perks & benefits
Earn an introductory 10% bonus cash back (up to $100) in the first two months of membership.
Earn unlimited 2% cash back in two user-selected categories (or three categories if the cash back is deposited directly into a Tangerine Savings Account).
No annual fee structure.
Promotional 1.95% balance transfer rate for the first 6 months to aid in debt consolidation.
Insurance coverage
- Rental car theft/damage (31 days).
- Mobile device protection.
- Purchase assurance (90 days).
- Extended warranty (up to 1 year).
Pros & cons
Pros
- No annual fee makes it easy to keep long term
- Customizable bonus categories improve everyday usefulness
- Third 2% category available with Tangerine Savings deposit
- Low income requirement makes it accessible to more applicants
Cons
- Base earn rate of 0.5% is weak outside bonus categories
- Foreign transaction fee applies on purchases in other currencies
- Insurance and travel perks are limited compared with premium cards
- Best value depends on choosing categories that match your spending
Eligibility requirements
- Canadian resident, age of majority, no bankruptcy in 7 years.
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