Tangerine Money-Back Credit Card: unlimited cash back, no fee
Earn flexible cashback with no annual fee and choose your own spending categories.
The Tangerine Money-Back Credit Card is a popular no-annual-fee credit card for Canadians who want to earn unlimited cash back on their everyday spending.
This card, issued by Tangerine, stands out for its flexible rewards program and secure digital features.
Why choose Tangerine Money-Back Credit Card
This Mastercard lets you choose two cashback categories where you automatically earn 2% back on purchases, plus 0.5% back on all other spending.
If you add a Tangerine Savings Account for your rewards, you unlock a third 2% category, giving you more chances to maximize your cash back.
Tangerine is a well-established Canadian financial institution known for digital banking and a reputation for straightforward, transparent products.
You can select your 2% cash back categories from options like groceries, gas, restaurants, entertainment, home improvement, and more.
Protection and security
The Tangerine Money-Back Credit Card features purchase assurance, extending protection on new eligible items for 90 days after purchase.
It also offers extended warranty coverage, adding up to one additional year to the manufacturer’s warranty on qualifying purchases.
The card includes Mastercard’s zero liability protection for unauthorized or fraudulent transactions, along with real-time purchase notifications and strong app security for peace of mind.
Purchase assurance and extended warranty coverage have a lifetime maximum of up to $60,000 for eligible claims.
How the credit works
The card charges $0 in annual fees, making it accessible for a wide range of users.
The purchase interest rate is 20.95%, while cash advances attract a 22.95% rate and a fee of $3.50 within Canada or $5.00 outside Canada.
Other fees include a $25 over-limit or dishonoured payment fee and a 3% balance transfer fee unless there is a promotional offer.
Eligibility requires Canadian residency, being the age of majority, no recent bankruptcies, and a minimum annual income of $12,000.
Interest is not charged on new purchases if the full statement balance is paid by the due date, but this grace period does not apply to cash advances.
Daily use and digital features
You can manage your account easily with Tangerine’s user-friendly app, which offers spending categories management, instant transaction alerts, and simple cashback redemption options.
You have the freedom to change your 2% categories every 90 days to match shifting spending habits.
The card supports mobile payments, and there are regular partner offers, such as additional savings at Shell stations.
Free authorized user cards are available for up to five users, allowing more opportunities to earn cash back on shared spending.
Cash back is paid out monthly, and there is no cap on the total rewards you can earn.
See the full step-by-step guide to learn how to apply and maximize your rewards.
