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Turn Your Spending Into Extra Cash

March 1, 21
7 mins
A woman drinking a cup of coffee enters her credit card info online

Tangerine credit cards make it possible for members to earn cash back rewards on almost anything. Unlike traditional cash back credit cards, Tangerine cards allow users to choose the categories in which they spend the most to earn the most. That means cardholders can tailor their card to suit their lifestyle.

Get rewards for regular trips to the grocery store and gas station, or if you have a big renovation coming up, switch your categories to earn more cash back on furniture purchases and home improvement — it’s up to you.

As your spending style and needs change, so does your Tangerine credit card. The Money-Back Rewards program adapts with you, so you’ll never be stuck with a credit card that better suited another version of yourself. No longer own a car? That’s okay. Choose to earn rewards for public transportation instead of gas.

The program is unrivalled in its flexibility. Switch up your Money-Back Rewards categories to match your current needs and turn your spending into cash.

Plus, for a limited time, new cardholders can score extra cash back. You’ll receive a $100 bonus Amazon or Best Buy e-Gift Card from RATESDOTCA upon approval for a Tangerine Money-Back Credit Card or Tangerine World Mastercard on top of the usual benefits!

Our top picks
Credit cards Top features Bonus Annual fee
1. Tangerine Money-Back Credit Card 
  • Flexible reward categories
  • Free additional cards
  • Earn a $100 e-Gift Card from RATESDOTCA upon approval.
  • Bonus expires: April 30, 2021
$0
2. Tangerine World Mastercard®
  • Mobile device insurance
  • Flexible reward categories
  • Earn a $100 e-Gift Card from RATESDOTCA upon approval.
  • Bonus expires: April 30, 2021
$0

1. Tangerine Money-Back Credit Card

Tangerine Money-Back Credit Card

card image
Welcome bonus
$0
Money-Back Rewards
Annual rewards
$309
Money-Back Rewards
Annual fee
$0

Bonus: $100 e-Gift card upon approval
Flexible no-fee cashback card with ability to choose what categories earn you the most cash back
No limits to cash back that can be earned
Details at a glance Collapse details
Welcome bonus
$0
Annual rewards
$309
Bonus: $100 e-Gift card upon approval
Flexible no-fee cashback card with ability to choose what categories earn you the most cash back
No limits to cash back that can be earned
Details at a glance Collapse details

According to our Best of Finance methodology, the average Canadian will earn roughly $309 cash back in the first year with the Tangerine Money-Back Credit Card.

Cardholders get the flexibility of the Money-Back Rewards program. It offers 10 Money-Back categories with some common choices like groceries and gas or more specific options like home improvement and furniture.

Earn 2% cash back in up to three categories of your choice. Start with two categories and earn the third when you choose to deposit your rewards into a Tangerine Savings Account. Change up your preferred categories to match your spending habits. Plus, get 0.5% back on all other purchases.

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 defaults). 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

Get free supplementary cards.

Limited time offer/bonus:

  • Take advantage of the 1.95% promotional interest rate on balance transfers during the first 30 days for six months. A 1% balance transfer fee does apply.
  • Receive a $100 bonus e-Gift Card from RATESDOTCA upon approval.

Offer expiry date:

  • Tangerine: N/A subject to change without notice
  • RATESDOTCA: April 30, 2021

Rewards:

Earn 2% cash back in up to three categories of your choice. Start with two categories and earn the third if you decide to deposit your Money-Back Rewards into a Tangerine Savings Account. Get 0.5% cash back on all other purchases. You can update these categories as your spending habits change and earn rewards the way you want.

The 10 Tangerine Money-Back Rewards categories include:

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

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**
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $309

*Assuming the cardholder chooses to deposit their rewards into a Tangerine Savings Account, earning the third Money-Back category. The categories the cardholder selects are grocery, gas and recurring bill payments.

**RATESDOTCA assumes the cardholder spends $2,000 a month to calculate the first-year value and annual rewards on each credit card.

You can redeem your points for:

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

Insurance:

Other perks:

  • Earn rewards faster with the entire family. Get free cards for authorized users on the account.
  • Easily track transactions through the app and stay on budget with the Left to Spend feature.
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Compare the best credit cards on RATESDOTCA

Find the best credit card for your lifestyle today!

2. Tangerine World Mastercard®

Tangerine World Mastercard®

card image
Welcome bonus
$0
Money-Back Rewards
Annual rewards
$309
Money-Back Rewards
Annual fee
$0

Bonus: $100 e-Gift card upon approval
Flexible no fee card that gives you the ability to choose what categories earn you the most cash back
Includes rare mobile device insurance
Details at a glance Collapse details
Welcome bonus
$0
Annual rewards
$309
Bonus: $100 e-Gift card upon approval
Flexible no fee card that gives you the ability to choose what categories earn you the most cash back
Includes rare mobile device insurance
Details at a glance Collapse details

According to our Best of Finance methodology, the average Canadian will see $309 cash back with this card in the first year alone.

Apply for the Tangerine World Mastercard® to earn 2% cash back in up to three categories of your choice. Start with two categories and earn the third when you choose to deposit your rewards into a Tangerine Savings Account. Plus, earn 0.5% back on all other purchases.

Enjoy the flexible nature of this card and switch up your reward categories as your spending habits change.

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 defaults). 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

Get free supplementary cards.

Limited time offer/bonus:

  • Take advantage of a 1.95% promotional interest rate on balance transfers made within the first 30 days for six months. A 1% balance transfer fee does apply.
  • Receive a $100 bonus e-Gift Card from RATESDOTCA upon approval.

Offer expiry date:

  • Tangerine: N/A subject to change without notice
  • RATESDOTCA offer: April 30, 2021

Rewards:

Earn 2% cash back in up to three categories of your choice. Start with two categories and earn the third when you decide to deposit your Money-Back Rewards into a Tangerine Savings Account. Plus, get 0.5% back on all other purchases, with no limit to how much you can earn.

The 10 Tangerine Money-Back Rewards categories include:

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

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**
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $309

*Assuming the cardholder chooses to deposit their rewards into a Tangerine Savings Account, earning the third Money-Back category. The categories the cardholder selects are grocery, gas and recurring bill payments.

**RATESDOTCA assumes the cardholder spends $2,000 a month to calculate the first-year value and annual rewards on each credit card.

You can redeem your points for:

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

Insurance:

Other perks:

  • Access exclusive offers at over 400 airports with Mastercard® Airport Experiences Provided by LoungeKey.
  • Stay connected with Boingo Wi-Fi for Mastercard®* and access over a million Wi-Fi hotspots worldwide.
  • Get unique benefits and perks with your Tangerine World Mastercard®, including subscription services and cash back offers.
  • Monitor spending with in-app tools and stay on top of your budget with the Left to Spend feature.

Flex your rewards

Tangerine credit cards offer members freedom and choice to earn and redeem rewards their way, making them an asset to any wallet.

Users don’t have to wait long to see the benefits either. Deposit rewards into a Tangerine Savings Account or apply cash back as a statement credit monthly. Some cards make members wait for an annual payout, but that’s not Tangerine’s style.

Its cards are about flexibility — forgoing the typical restrictive spending boundaries found on many credit cards. That’s the case for either the Tangerine Money-Back Credit Card or Tangerine World Mastercard®.

Apply now to receive a bonus $100 e-Gift Card from RATESDOTCA upon approval. This offer expires on April 30, 2021.

Rates, product information, and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. The views and opinions expressed in this review are purely those of RATESDOTCA. Information in this article is accurate as of the date of this posting, March 1, 2021. Read our full disclaimer.

Hayley Vesh

Hayley Vesh is a creative, resourceful, and knowledgeable content producer who is passionate about financial literacy, storytelling, and generating ideas. She writes about credit cards, savings, debt management, and personal finance. In her spare time, Hayley can be found wandering in the woods, hunting for second-hand treasures, or curled up with a steeped tea and a good podcast.

Find Hayley Vesh on LinkedIn.

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