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Turn your spending into extra cash with these two Tangerine credit cards

June 1, 2022
7 mins
A woman drinking a cup of coffee enters her credit card info online

This article has been updated from a previous version.

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 Categories to match your current needs and turn your spending into cash.

For a limited time, new cardholders can score extra cash back. You’ll receive up to 10% back for the first two months. Plus, you can earn a $125 Amazon 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 an extra 10% cash back on up to $1,000 in purchases in the first two months. This offer expires on July 31, 2022.
  • Plus, get a $125 Amazon e-Gift Card from RATESDOTCA upon approval. This special offer expires on July 29, 2022.
$0
2. Tangerine World Mastercard®
  • Mobile device insurance
  • Flexible reward categories
  • Earn an extra 10% cash back on up to $1,000 in purchases in the first two months. This offer expires on July 31, 2022.
  • Plus, get a $125 Amazon e-Gift Card from RATESDOTCA upon approval. This special offer expires on July 29, 2022.
$0

1. 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

According to our Best of Finance methodology, the average Canadian will earn roughly $409 cash back in the first year with the Tangerine Money-Back Credit Card.

Rewards:

Cardholders get the flexibility of the Money-Back Rewards program. 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 Categories include:

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

Credit score requirement for approval:

Fair: You’ve had a credit card or loan for one or more years. For the last two years, you’ve paid back debts to creditors (with no defaults). You haven’t missed more than two payments on your credit in the last 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.
  • Earn 10% cash back on up to $1,000 in everyday purchases made during your first two months. This could add up to $100 cash back.
  • For a limited time, receive a $125 Amazon e-Gift Card from RATESDOTCA upon approval.

Offer expiry date:

  • Tangerine: Apply by July 31, 2022
  • RATESDOTCA: July 29, 2022

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.

Annual rewards = $309*

Annual fee = $0

Total earned over the first year (rewards plus welcome bonus minus annual fee) = $ 409**

Plus, get a special offer from RATESDOTCA upon approval until July 29, 2022.

*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. The calculation includes all welcome bonuses and promotional offers at the time of publishing.

You can redeem your points for:

  • Deposit Money-Back Rewards 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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2. 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
Flexible ability to choose what categories earn you the most cash back
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
Flexible ability to choose what categories earn you the most cash back
Includes exceptional perks and benefits for a no annual fee card
Details at a glance Collapse details

The Tangerine World Mastercard, featured in RATESDOTCA’s 2022 Best of Finance awards, holds the “Best No-Fee Cash Back Credit Card” title this year. Enjoy the flexible nature of this card and switch up your reward categories as your spending habits change.

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 Categories include:

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

Credit score requirement for approval:

Fair: You’ve had a credit card or loan for one or more years. For the last two years, you’ve paid back debts to creditors (with no defaults). You haven’t missed more than two payments on your credit in the last 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.
  • Earn 10% cash back on up to $1,000 in everyday purchases made during your first two months. This could add up to $100 cash back.
  • For a limited time, receive a $125 Amazon e-Gift Card from RATESDOTCA upon approval.

Offer expiry date:

  • Tangerine: Apply by July 31, 2022
  • RATESDOTCA offer: July 29, 2022

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.

Annual rewards = $309*

Annual fee = $0

Total earned over the first year (rewards plus welcome bonus minus annual fee) = $409**

Plus, get a special offer from RATESDOTCA upon approval until July 29, 2022.

*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. The calculation includes all welcome bonuses and promotional offers at the time of publishing.

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:

  • Rental car theft and damage
  • Mobile device insurance — $1,000
  • Purchase protection — 90 days
  • Extended warranty — one year

Other perks:

  • Access exclusive offers at more than 400 airports with Mastercard® Airport Experiences Provided by LoungeKey.
  • Stay connected with Boingo Wi-Fi for Mastercard®* and access more than 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 $125 e-Gift Card from RATESDOTCA upon approval. This special offer expires on July 29, 2022.

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, June 1, 2022. 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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