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Tangerine Money-Back Credit Card

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Tangerine Money-Back Credit Card

Special Offer: Earn 4% Money-Back Rewards on purchases in two Money-Back Categories of their choice, and 0.50% Money-Back Rewards on all other purchases.

Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Excellent: -- I've had a credit card, or loan for 10+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past six months Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$0.00 19.95% 1.95% *19.95% after 6 months 19.95% Excellent 4.00% *Earn 4% Money-Back Rewards in up to 3 Categories for 3 Months.*
  • Card Details Details
  • Our Review Review

Card Details

  • Special Offer: Earn 4% Money-Back Rewards on purchases in two Money-Back Categories of their choice, and 0.50% Money-Back Rewards on all other purchases.

    • This Promotion is only available to new Tangerine Money-Back Credit Card Account holders who apply between April 22, 2019, and January 31, 2020, and activate their Credit Card no more than 45 calendar days from the date Tangerine approves the application.

    • 4% Cash-back will be earned for a 92-day period beginning on the date the Tangerine Money-Back Credit Card is activated. At the end of the 92-day period, Cash-back will be 2% on the selected 2 categories.

  • Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 4% Money-Back Category.

  • Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.

  • 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).†

Features and Benefits

  • Purchase protection and extended warranty

RateSupermarket.ca's Review

The Tangerine Money-Back Credit card is a no-fee cash-back option with a novel approach to how rewards are calculated.

This card offers 2% cash-back on purchases in two categories of your choice. Category options include Grocery, Furniture, Restaurants, Hotel-Motel, Gas, Recurring Bill Payments, Drug Store, Home Improvement, Entertainment, Public Transport and Parking. You can choose two of those to earn 2% cash-back on purchases in that category. All other purchases, outside of the two you select, earn cash-back at a lower rate of 0.5%.

With this in mind, it makes sense to pick the two categories where you spend the most money. For example, a travelling salesman might pick "Gas" and "Hotel-Motel." For most Canadians however, it would make most sense to opt for "Grocery" and "Gas". These are the categories we selected to calculate the earning potential in the example below.

New purchases are covered by purchase protection and extended warranty. This allows you to shop without worry. As a promotional offer, new cardholders have 30 days in which to transfer existing credit card balances over to this card, and enjoy a low interest rate of 1.95% for the first six months. After six months, the rate increases to 19.95%, which is about average in today's market.

Overall, this is a very competitive no-fee cash-back credit card. Based on the spending of an average Canadian, after two years you will have earned almost $500 in cash-back, but there are no limits to your earnings amount. If you spend more, you will make more. We also like the personal touch of being able to select the highest earning categories. It's a fun feature and when used properly, it can be a profitable one too!

Earning Potential: $475.89 in cash-back

So, how does this card stack up to other cash-back rewards options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.

Assuming a spend of $1,222.96 monthly, at eligible retailers in the following categories*:


Pharmacy Food Gas
$ 55.33 $ 758.53 $ 155.72**
Travel Other Monthly Total
$ 151.21 $ 102.17 $ 1,222.96


Total cash-back earned over a 24-month period: $475.89***

*Source: Statistics Canada – amount spent by average Canadian each month
**Based on $1.00/litre gas prices
***Based on groceries and gas being your 2 selected "money-back" categories



  • Earn cash-back free. This card has no an annual fee!
  • During the first 30 days of card membership, take advantage of an ultra-low interest rate (1.95%) on balance transfers for the first 6 months.
  • With the Tangerine Money-Back Credit Card, you earn 2% cash-back on purchases that fall within two specific categories. You can choose two of the following: Grocery, Furniture, Restaurants, Hotel-Motel, Gas, Recurring Bill Payments, Drug Store, Home Improvement, Entertainment, Public Transport and Parking. Pro-tip: choose the categories where you tend to spend most money on to maximize your rewards!
  • Earn 0.5% cash-back on all other purchases.
  • If you have a Tangerine Savings Account, you can earn 2% cash-back on a third category.
  • Don't wait to enjoy your cash rewards. The amount you earn is paid out each month, either to your credit card balance or into your Tangerine Savings Account.
  • No limits on the amount you can earn; if you spend , you earn money!
  • If you sign up for this card, Tangerine will review your credit card activity and provide guidance on your spending to inform smart money-making decisions. See your transactions in an organized way and be able to understand your financial habits, which can help you see where you can save a bit each month!
  • New purchases made using this card are protected by purchase assurance (covers loss, theft, or damage on most new insured items for 90 days) and by extended warranty (double the manufacturer's warranty up to a maximum of one year). You have a lifetime limit of $60,000 for these two insurance coverages.



  • While the interest rate on balance transfers made within 30 days of opening your account is a very low 1.95% for the first six months, once the initial six months is up, the interest rate shoots up to 19.95%. Make sure you can pay it down before this happens!
  • This card does not provide any travel insurance coverage. You may want to consider purchasing trip cancellation or emergency medical insurance to ensure you are protected.

Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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