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The Tangerine Money-Back Credit Card and the Tangerine World Mastercard® are two great options to earn cash back. Both cards allow users to switch up their Money-Back Categories to earn rewards that match their spending styles.

Unlike many cash back cards that release rewards annually, Tangerine applies cash back as a statement credit or deposits funds into the cardholder’s Tangerine Savings Account each month.

So, what's the difference?

Cardholders require a minimum income of $12,000 to be eligible for the Tangerine Money-Back Credit Card, which offers the line’s core features, including Money-Back Categories, extended warranty, and purchase protection.

To be eligible for the higher-tier card, users must have a minimum personal income of $60,000 or a minimum household income of $100,000. However, this card comes with a few extra benefits on top of the core features. Users can take advantage of the car rental and mobile device insurance and access benefits like Boingo Wi-Fi for Mastercard®* and Mastercard® Airport Experiences Provided by LoungeKey.

Both credit cards offer free supplementary cards for authorized users, no caps on cash-back earned, and a low balance transfer promotion, all for no annual fee.

Learn more about the Tangerine credit cards below.

Card details
Credit card Great features Annual fee First-year value**
1. Tangerine World Mastercard®
  • Cash back
  • Extended warranty and purchase assurance
  • Mobile device insurance
  • Rental car insurance
  • Boingo Wi-Fi for Mastercard®*

$0

$459

2. Tangerine Money-Back Credit Card
  • Cash back
  • Extended warranty and purchase assurance

$0

$459

**The RATESDOTCA Best of Finance methodology assumes the cardholder spends an average of $2,000 a month on their card to determine the first-year value. The calculation includes all welcome bonuses and promotional offers at the time of publishing.

1. Tangerine World Mastercard®

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$150
+ Annual rewards
$309
- Annual fee
$0
Total first year value
$459
Tangerine World Mastercard®

card image
Welcome bonus
$150
Money-Back Rewards
Annual rewards
$309
Money-Back Rewards
Annual fees:
$0
Interest rates:
19.95% on purchases • 19.95% on cash advances
2022 Winner – Best No-Fee Cash Back Credit Card
Includes exceptional perks and benefits for a no annual fee card
Details at a glance Collapse details
Welcome bonus
$150
Annual rewards
$309
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$150
+ Annual rewards
$309
- Annual fee
$0
Total first year value
$459
Annual fees:
$0
Interest rates:
19.95% on purchases
19.95% on cash advances
2022 Winner – Best No-Fee Cash Back Credit Card
Includes exceptional perks and benefits for a no annual fee card
Details at a glance Collapse details

Apply for the Tangerine World Mastercard® to earn 2% cash back in up to three Money-Back Categories of your choice. Start with two categories and earn the third when depositing your cash back into a Tangerine Savings Account. Earn 0.50% back on all other purchases and switch up your selections every 90 days (about three months).

According to our Best of Finance methodology, the average Canadian will earn $459 cash back in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on your existing credit cards for the past three months.

Annual fee:

$0

Limited time offer/bonus:

  • Apply by January 31, 2022, to earn 15% cash back on up to $1,000 in total purchases in the first two months. That is up to $150 cash back.
  • New cardmembers can access a 1.95% promotional interest rate on balance transfers made within 30 days of account opening for the first six months. A 1% balance transfer fee does apply. This offer is subject to change without notice.

Rewards:

Earn 2% cash back in up to three categories of your choice. Start with two Money-Back Rewards Categories and earn a third when depositing your money into a Tangerine Savings Account. Get 0.50% back on everything else.

Tangerine Money-Back Categories:

  • Grocery
  • Furniture
  • Restaurants
  • Hotel-motel
  • Gas
  • Recurring bill payments
  • Home improvement
  • Entertainment
  • Public transportation and parking

Switch your categories to match your spending habits and maximize your rewards.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = $309*
Tangerine special offer = $150
Annual fee = $0
Total earned over the first year (rewards and offers minus annual fee) = $459

*Assumes the cardholder deposits their rewards into a Tangerine Savings Account, earning the third category. The categories selected were groceries, recurring bill payments, and gas.

Ways you can redeem your points:

  • Apply cash back as a monthly statement credit.
  • Deposit cash back into a Tangerine Savings Account each month.

Insurance:

  • Rental car collision and loss damage
  • Mobile device insurance
  • Purchase protection
  • Extended warranty

Other perks:

  • Stay connected with Boingo Wi-Fi for Mastercard®*, and access over one million Wi-Fi hotspots worldwide.
  • Access a complimentary membership to Mastercard® Airport Experiences Provided by LoungeKey for exclusive deals and offers at over 400 airports.
  • Take advantage of free supplementary cards for authorized users and earn more as a family.
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2. Tangerine Money-Back Credit Card

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$150
+ Annual rewards
$309
- Annual fee
$0
Total first year value
$459
Tangerine Money-Back Credit Card

card image
Welcome bonus
$150
Money-Back Rewards
Annual rewards
$309
Money-Back Rewards
Annual fees:
$0
Interest rates:
19.95% on purchases • 19.95% on cash advances
Flexible no-fee card with ability to choose what categories earn you the most cash back
Includes shopping insurance coverage
Details at a glance Collapse details
Welcome bonus
$150
Annual rewards
$309
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$150
+ Annual rewards
$309
- Annual fee
$0
Total first year value
$459
Annual fees:
$0
Interest rates:
19.95% on purchases
19.95% on cash advances
Flexible no-fee card with ability to choose what categories earn you the most cash back
Includes shopping insurance coverage
Details at a glance Collapse details

The Tangerine Money-Back Credit Card offers 2% cash back in up to three Money-Back Categories. Start with two categories and get a third when depositing your rewards into a Tangerine Savings Account. Plus, earn 0.50% back on everything else you buy.

According to our Best of Finance methodology, the average Canadian will see $459 cash back in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on any existing credit cards for the past three months.

Annual fee:

$0

Limited time offer/bonus:

  • Apply by January 31, 2022, to earn 15% cash back on up to $1,000 in total purchases in the first two months. That is up to $150 cash back.
  • New cardmembers can access a 1.95% promotional interest rate on balance transfers made within 30 days of account opening for the first six months. A 1% balance transfer fee does apply. This offer is subject to change without notice.

Rewards:

Earn 2% cash back in up to three Money-Back Categories of your choice. Start with two categories and earn a third when depositing your rewards into a Tangerine Savings Account. Earn 0.50% back on all other purchases.

Tangerine Money-Back Categories:

  • Grocery
  • Furniture
  • Restaurants
  • Hotel-motel
  • Gas
  • Recurring bill payments
  • Drug store
  • Home improvement
  • Entertainment
  • Public transportation and parking

Switch your categories every 90 days (about three months) to match your spending habits and maximize your rewards.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = $309*
Tangerine special offer = $150
Annual fee = $0
Total earned over the first year (rewards and offers minus annual fee) = $459

*Assumes the cardholder deposits their rewards into a Tangerine Savings Account, earning the third category. The categories selected were groceries, recurring bill payments, and gas.

Ways you can redeem your points:

  • Apply cash back as a monthly statement credit.
  • Deposit rewards into a Tangerine Savings Account each month.

Insurance:

  • Purchase protection
  • Extended warranty

Other perks:

  • Get free supplementary cards for authorized users.

Rates, product information and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. RATESDOTCA may receive a referral fee from our partners or affiliate links featured on the site; however, our editorial choices are objective and free from bias. The opinions expressed in this article are purely those of RATESDOTCA; thus, the credit card issuers and partners are not responsible for any editorials or reviews that may appear. Please visit the associated brand’s website for complete and current terms and conditions on any product or service mentioned. The information in this article is accurate as of the date of this posting, November 23, 2021. Read our full disclaimer.

Hayley Vesh

Hayley Vesh is an editor and writer in the personal finance space, where she uses her eight years of media and marketing experience to bring content to life. She specializes in money products, including mortgages, home and auto insurance, and credit cards. Hayley holds a Broadcast Journalism diploma from Sheridan College and was awarded the Shaw Media Journalism and Media Award for graduating at the top of her class. Her work has appeared in Global News and diverse digital corporate training materials behind the scenes.

Hayley is passionate about making complex subjects, such as home buying and financial literacy, concise and intriguing. Her work has garnered media coverage from The Globe and Mail, blogTO, Yahoo! News, and CityNews 680 and has been syndicated across other publications.

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