
Tangerine Money-Back Credit Card
Annual Fee
$0.00
Interest Rate
19.95%
Balance Transfer
1.95%*
Cash Advance
19.95%
Credit Score
Excellent
Rewards
2.00%*
- Earn 2% Money-Back Rewards on your everyday purchases in two 2% Money-Back categories of your choice, and 0.50% Money-Back Rewards on all your other everyday purchases.
- Earn extra Rewards: get your Rewards deposited into your Tangerine Savings Account and get a third 2% Money-Back Category.
- Automatic earning: money-Back Rewards are earned automatically on everyday purchases and paid monthly. These can be applied to your Credit Card balance or redeemed into your Savings Account.
- No limits on the amount of Money-Back Rewards you can earn on your everyday purchases. Conditions apply.
- During your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months (19.95% after that).
- 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
Summary
The Tangerine Money-Back Credit Card allows its holders to earn 0.5% money back on all purchases made with the card, with 2% money back being earned on purchases in two categories of the holder’s choice! There is no limit on money back rewards.
During your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months (19.95% after that)!
Our Review
Tangerine Money-Back Credit Card
The Tangerine Money-Back Credit Card allows its holders to earn cash back on all their day-to-day purchases. Cardholders can earn 0.5% cash back on all purchases made with the card, but the real perk is that they may also earn 2% cash back on purchases in up to 3 categories of the holder’s choice (two categories normally, and an additional category if you deposit your rewards into a Tangerine Savings Account)! At no annual fee, there is no limit on money back rewards and holders may also benefit from purchase assurance and extended warranty, as well as an introductory interest rate of a very low 1.95% for the first 6 months on balance transfers made within the first 30 days of membership. The rewards rate of 0.5% is very modest, but if most of your budget is spent on purchases within 2 or 3 categories, this could be a fantastic no-fee card for you as you could earn a lot of cash back on those spends! However, if you tend to spend money on purchases that fall into many different categories you may want to look for a card that has a high rewards return on other purchases.
As per our rating system, this card scored 20/25 on rewards, 18/25 on interest rates and balance transfers, 9/25 on perks and insurance, and 25/25 on annual fees. Therefore, the total smart score of this card is 72/100.
Pros
- No annual fee!
- Earn 2% Money-Back Rewards on your everyday purchases in two 2% Money-Back categories of your choice, and 0.50% Money-Back Rewards on all your other everyday purchases.
- Earn extra Rewards: get your Rewards deposited into your Tangerine Savings Account and get a third 2% Money-Back Category.
- Automatic earning: money-Back Rewards are earned automatically on everyday purchases and paid monthly. These can be applied to your Credit Card balance or redeemed into your Savings Account.
- No limits on the amount of Money-Back Rewards you can earn on your everyday purchases. Conditions apply.
- During your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months (19.95% after that).
- Inludes purchase assurance and extended warranty.
Cons
- You can only access 3 categories of 2% cashback if you have a Tangerine savings account.
- This card only offers purchase assurance and extended warranty in terms of insurance.